Demand for larger villas indicates long-term living plans in DubaiIn an interesting turn of events, Property Finder's recent 2024 data has unveiled a striking trend: 40% of home seekers are looking to buy villas in Dubai. Out of this, 85% are looking for three bedroom and above villas. Leading the demand in early 2024 are areas like Dubai Hills Estate, More… |
Tadano delivers 7 truck cranes to Galfar Al Misnad for QatarTadano has announced the delivery of seven truck cranes to Galfar Al Misnad Engineering and Contracting WLL in Qatar through Tadano’s exclusive distributor, M/s Qatar Tractor & Equipment Co. This significant procurement includes one Tadano GT-3 More… |
Ayesa wins $102.5m water project in KSA its largest to dateAyesa, a leading global provider of technology and engineering solutions, has won its biggest contract ever in the Kingdom of Saudi Arabia (KSA), worth 95 million euros ($102.5 million). The National Water Company (NWC), a key figure in the water industry, has More… |
ROSHN signs MoU with Commvault to boost cybersecurityROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has signed a Memorandum of Understanding (MoU) with Commvault, a leading provider of cyber resilience and data protection. The two companies were present for a signing ceremony at ROSHN HQ, wh More… |
$640m Al Rayis-Rabigh water pipeline project achieves financial closeSaudi Water Partnership Company has announced the financial close of the Al Rayis-Rabigh independent water transmission pipeline project, which is being set up at a cost of SR2.4 billion ($640 million). The project will be operated through the private sector u More… |
SSH named lead consultant for Ras Al Khaimah residential towersSSH has been appointed as lead consultant on the Ellington Views I & II project in Ras Al Khaimah, UAE, the consultant said. The Ellington Properties’ latest residential development in Ras Al Khaimah offers a range of studios, one-, two-, and three-b More… |
Empower AGM approves $115.7m dividend paymentThe Annual General Meeting (AGM) of Emirates Central Cooling Systems Corporation (Empower) has approved its Board of Directors’ proposal to distribute cash dividends of AED425 million ($115.73 million) to shareholders for the second half of the year 2023. More… |
PlanRadar’s AI-powered ‘SiteView’ helps provide ‘bigger picture’PlanRadar, one of the leading digital construction, real estate and facilities management platforms, has announced the upcoming AI-powered ‘SiteView’ feature, enhancing the platform's robust documentation, communication and reporting capabilities. More… |
Red Sea International posts $367m revenue; achieves turnaroundRed Sea International (RSI), a market-leading integrated building solutions provider in the Middle East and worldwide, reported a 241 per cent year-on-year (YoY) increase in revenue to SR1.378 billion ($367.42 million) for the year ending on December 31, 2023 (FY23). More… |
L&T wins contract to build hospital in OmanThe Buildings & Factories (B&F) vertical of Larsen & Toubro Construction (L&T) has secured a contract to construct the Al Namaa General Hospital from the Ministry of Health, Sultanate of Oman. The scope of work includes construction of a More… |