Articles
Regional sovereign wealth funds look to invest in real estate for liquidity
There is also growing interest in infrastructure investment, despite it taking sovereign funds much longer to invest in these – four years, on average.
Closure of ports and road links could have an impact on Qatar’s contracting market
The restriction on the use of airports, ports and roads in neighbouring countries could present a major challenge for Qatar’s construction industry affecting the timeline of its preparations for the 2022 Fifa World Cup.
Wasl to build new district for Expo 2020 hospitality staff
The Warsan project, near International City, will house 26 buildings comprising a built-up area of 2.6 million square feet including 3,866 residential units.
Saudi developer Dar Al Arkan appoints former Damac managing director El Chaar as chief executive
Dar Al Arkan is a leading developer in the kingdom whose shares are listed on the Saudi stock exchange.
Private investment best way to finance region’s infrastructure projects
Many contractors are looking to export credit agencies from Europe, Asia and the US to assist with project funding.
ENBD Reit buys Dubai’s first purpose-built student block
Following its purchase, ENBD Reit will lease the building back to Global Student Accommodation on a seven-year lease.
Faithful + Gould to oversee Miral’s Dh12bn Yas Bay project
Yas Bay, which was announced last month, is a 14-million-square foot site at the southern end of Yas Island.
DXB Entertainments chief to lead new Meraas-Dubai Holding project group
Raed Al Nuaimi will be in charge of a new entity managing "multi-billion dollar development projects".
London markets itself as exchange of choice for Gulf debt issuers
Executives from the exchange have been in the region in recent weeks promoting the new market, which has been created as an additional venue for organisations to issue bonds that will be traded by institutional investors.
SME profile: Dubai club founders look to whole new ball game with padel
The partners’ long-term goal is not only to develop the club in Dubai, but to establish Padel Pro as a brand that could operate several venues across the region.
Oil price rise fails to lift shares
Indexes for the main exchanges in Abu Dhabi, Dubai, Qatar and Saudi Arabia finished half a per cent lower in trading on Wednesday.
Builder Orascom first-quarter profit rises on US business boost
Orascom Construction’s chief executive, Osama Bishai, said the improvement in its profitability was 'not only due to operational efforts but also due to management of costs and cost-cutting efforts across the board'.
Parsons to design and oversee construction of MAG’s Dh4bn District 7 in Dubai
The firm will design and manage construction of a scheme containing 35 residential buildings, a clubhouse, a retail zone and offices.
Middle East needs better planning for future of energy beyond oil
Speaking at a Transforming Energy debate on Sunday at the World Economic Forum in Jordan, Iraq’s oil minister, Jabbar al-Luaibi, said that despite optimistic predictions, he did not think that renewable energy “will substitute for oil & gas” for decades, and that the Middle East will play an increasingly important part in providing it.
