Friday 7 February 2025
 
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Hafeet Rail signs ajor deals for facilities, wagons

Hafeet Rail, the planned Oman-UAE railway, has awarded the construction contracts for its key railway facilities in Oman to Larson & Toubro (L&T) and Power China, while the China Railway Rolling Stock Corporation (CRRC) has been

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Emsteel seals Oman raw material logistics agreement

Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has forged strategic partnerships to pioneer streamlined raw material transport and cross-border rail connectivity in the GCC, while fostering economic collaboration between the UAE and Oman.

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UAE, Saudi construction costs set to increase in 2025, says report

Construction costs in key GCC markets are likely to rise with a 2 to 5% jump expected in the UAE costs and 5 to 7% in that of Saudi Arabia this year, according to a report by Currie & Brown, a world-leading provider of cost management, project management and advisory services.

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Qiddiya City's attractions nearing completion

Key theme parks within Qiddiya City are nearing completion, as Saudi Arabia’s showpiece entertainment destination in Riyadh unveils plans for further cultural hubs that will position the city as a multi-faceted global tourism destination.   Construction wo

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Downtown Design gears up for debut Saudi edition

Fueled by the rapid expansion of Saudi Arabia’s luxury real estate sector and landmark projects, Downtown Design, the leading fair for contemporary and quality design in the Middle East, is set to open its inaugural fair in Saudi Arabia later this year.   

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Mortgage financing for Bahrainis soars to $8bn in 2024

Bahrain's mortgage loans accounted for the largest share of total personal loans granted to the kingdom's citizens in 2024, surging to hit BD3.03 billion ($8 billion), thus posting a 5% growth when compared to BD2.88 billion ($7.6 billion) the previous year, according to ASK Real Esta

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Dubai Fountain to close for 5 months from May for stunning upgrade

Emaar has announced the temporary closure of Dubai Fountain, the world’s largest performing fountain, located at Downtown Dubai, from May to undergo a comprehensive upgrade and routine upkeep.    The renovation will commence in May and is expected to

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World’s highest Burj Khalifa penthouse up for grabs for $51m

The world’s highest residence, an ultra-exclusive 21,000 sq ft duplex penthouse in the Burj Khalifa, is now on the market for $51 million.    Listed exclusively by Invest Dubai Real Estate, this once-in-a-lifetime opportunity represents the pinnacle o

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Dubai real estate off to a good start; January sales hit $12bn

Dubai’s real estate market has made a strong start to 2025, with property sales in January surging to hit AED44.4 billion ($12 billion), up 24.1% in value over last year, according to UAE-based fäm Properties.   Land sales for January showed the bigge

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Sustainable City - Yiti breaks ground for new hotel

The Sustainable City - Yiti, the region’s first city committed to achieving net-zero emissions by 2040, has marked a significant milestone with the groundbreaking ceremony for its new hotel.    This development aligns with the city’s mission to

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