Thursday 28 March 2024
 
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Demand for larger villas indicates long-term living plans in Dubai

In 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,

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Tadano delivers 7 truck cranes to Galfar Al Misnad for Qatar

Tadano 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

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Ayesa wins $102.5m water project in KSA its largest to date

Ayesa, 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

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ROSHN signs MoU with Commvault to boost cybersecurity

ROSHN 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

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$640m Al Rayis-Rabigh water pipeline project achieves financial close

Saudi 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

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SSH named lead consultant for Ras Al Khaimah residential towers

SSH 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

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Empower AGM approves $115.7m dividend payment

The 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.   

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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.   

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Red Sea International posts $367m revenue; achieves turnaround

Red 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).  

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L&T wins contract to build hospital in Oman

The 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

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