Articles
Saudi cement firms begin to cut production to shore up prices
The kingdom’s cement mountain has been built up partly as a result of decrees issued by the late King Abdullah to make sure the country did not run out of supplies.
Middle East construction disputes surge
Building consultancy Arcadis says the main reason for disputes in the region was a failure to properly administer contracts.
Opportunities for contractors continue to build in Gulf markets
The construction industry’s contribution to the region’s overall GDP has edged up to 5.7 per cent at the end of last year from from 5.5 per cent in 2010.
Middle East buyers set to account for up to 30% of London home purchases
CBRE said that the number of enquiries from across the Arabian Gulf has risen since the election.
Hazza Bin Zayed Stadium in Al Ain shortlisted for World Building of the Year
The stadium has been nominated in the sport category for completed buildings by the World Architecture Festival.
Dubai developers examine options in office space
'Developers will begin to change course again towards the commercial segment in order to cater to the pent-up demand,' said the report.
Abu Dhabi’s Burj Mohammed bin Rashid named best tall building in Middle East and Africa
Named the regional winner ahead of another Abu Dhabi tower - the new Al Hilal Bank headquarters at Al Maryah Island - by the Council on Tall Buildings and Urban Habitat.
Arcadis lands contract to design stations for Doha Metro’s Gold Line
The firm is delivering detailed designs and architectural finishing work for 10 of the 13 stations on the line, as well as supervision during the construction phase.
Sale and leaseback transactions gaining popularity in the Middle East
Sale and leasebacks involve companies selling buildings to investors to generate cash, but then taking a long leasehold on the properties to make sure they can continue to use them at a fixed cost for as long as they need.
UAE prepared for property price correction of up to 20 per cent this year, says ratings agency S&P
After three years of price and rent increases the correction will not be on the same scale as that of 2009, said S&P.
Qatar Rail gets flooded tunnelling machine running
Such repairs are said to usually take between six and 18 months to complete, but Qatar Rail says prompt action meant the project remains on track.
China State wins $67m contract to link Dubai Bollywood and Legoland resorts site
The work will take about 14 months to complete and will be carried out by the company’s civil and infrastructure arm.
Labtec wins Dh18m contract to fit out Petroleum Institute
Firm expects to follow-up on contract win at the Petroleum Institute with deals in healthcare and education sectors.
