Articles
Middle East payment delays push project manager Hill International to Q4 loss
Hill International’s current Middle East projects include the Riyadh Metro, the extension of King Abdulaziz Airport in Jeddah and the Jabal Omar development overlooking Mecca’s Grand Mosque in Saudi Arabia.
Arabtec renews Dh1.4bn dispute against Meydan three years after dropping Dubai racecourse claim
Contractor restarts claim that was shelved three years ago because an 'amicable solution has not been reached'.
Al Jaber appointed to build next phase of Dubai’s Al Maktoum International Airport
Under the deal, Alec will expand the existing building from its current size of 66,107 square metres to 145,926 sq metres.
Dubai’s Drake & Scull bags Dh343m Doha Metro contract
The company is carrying out MEP work at depots for the Doha Metro's Red and Green lines on behalf of Japan's Fujita Corporation.
Sheikh Mohammed sets up new global endowment consultancy centre
The Mohammed Bin Rashid Global Centre for Endowment Consultancy has pledged a knowledge endowment of Dh2.5bn, plus an innovation endowment of Dh1bn that will be controlled through Dubai’s Museum of the Future.
Hill bags deal to oversee build of GCC-backed, $900m Morocco project
GCC-backed real estate and tourism investments into four North African countries has been estimated to be worth $15bn.
Create smarter buildings if you want smarter cities, says Honeywell
Doha and Dubai have the most smart buildings in the region, while Kuwait City and Jeddah have the fewest.
Sales of apartments at Al Habtoor City begin
Chairman Khalaf Al Habtoor said the city's 1,000 apartments will be ready for handover by mid-2017.
Dubai project with city’s most expensive apartment appoints contractor
It will contain 90 apartments, ranging from Dh14 million for a smaller unit up to Dh200m for a penthouse – Dubai’s most expensive apartment.
Emaar mulls listings for hotels, Turkish and Indian businesses
Would 'provide the businesses with appropriate financial and operational means to grow faster and become among the most successful companies in their industries'.
Arabtec lands Dh1.7bn housing contract in Fujairah
Contract from the UAE Government’s Ministry of Presidential Affairs to build more than 1,000 new homes.
Bildco starts rebuilding with Dubai concrete block factory and new steel mill
The company had endured an awful run of results in recent years.
The Dh40m villa with more to offer than an expensive plot
Land plots at Emirates Hills have seen a ten-fold increase in values since they were first released on to the market.
Wealthy UAE investors prefer London and New York properties
The YouGov survey found that wealthy investors – those with US$1 million or more to spend on property – favoured London because of the currency advantages between the UK pound and the US dollar.
Devaluation a boon for Egypt’s property market
Devaluation likely to fuel rampant residential market as people seek to hedge against further currency movements.
