Michael Fahy

Consultancy says lifting of sanctions will bring more global firms into Dubai, creating demand for more homes and office space.

Company says backlog has increased by 51 per cent to more than $7bn following contract wins in three core markets of Egypt, Saudi Arabia and the US.

Sales for the Afnan District will begin later this month, and construction will start on site before the end of the year.

The company is on track to 'more than double the turnover it did in the last financial year for the Middle East' as a result of a number of new contracts, including one at Dubai Parks and Resorts.

Dubai-based developer says agreement will help it to pursue strategy of diversification across the Middle East.

The 20,000-tonne curved roof structure is the centrepiece of the Dh10 billion Midfield Terminal building project and the most complex element of its engineering.

The value of contract awards for GCC construction projects in 2015 is likely to be US$194 billion – down $2bn on last year’s total awards of $196bn, according to a new study.

Delays and cost revisions to major projects are blamed for weaker earnings in first six months, but company says UAE market is strengthening after a couple of tough years.

Homework with the kids and laughter helps construction boss Bishoy Azmy balance out his work and home life.

Work is set to start on site in Abu Dhabi later this month and finish in March 2018.

Hong Kong operator looking at UAE, Qatar, Saudi Arabia, Bahrain, Oman, Lebanon and Egypt as it attempts to grow regional footprint.

The Dubai developer is in talks to bring in another operator to the city following its deal with Langham Hospitality Group.

The developer has agreed a deal with Hong Kong-based hotel operator Langham Hospitality Group with the property to complete in 2018.

'When you look at the fundamentals, a lot of the companies have healthy balance sheets and carry relatively little debt. If you are a long-term investor and can keep your cool, there are some real opportunities.'