Articles
Saudi Arabia turns to public-private partnerships to complete rail projects
The delayed Makkah Metro project has been negotiated and will probably be awarded as a public-private partnership arrangement, and similar projects in Jeddah, Dammam and Madinah may follow suit.
Tenders set to be issued for Abu Dhabi’s Midfield Terminal project
Abu Dhabi Airports Company will issue three new tenders seeking suppliers for Midfield Terminal Project, which will now open in 2019.
Slower market leads to cheaper building costs in Dubai, but World Cup pushes up Doha prices
Doha has now become the 11th costliest construction market out of the 44 global cities that it tracks, while Dubai fell by one place to 19th, just below Jeddah in 18th.
Al Futtaim Carillion wins Dh2.2bn Dubai Expo 2020 contract to build event’s Theme Districts
The contractor will move onto the site to begin work later this month.
Arabtec unveils three-step recovery plan
Contractor Arabtec has said it intends to focus on 'core competencies' in key Gulf markets as it looks to secure backing from investors for its latest turnaround plan.
UK builder Carillion muted on prospects for Gulf construction
The company's decision to be more selective on bidding led to a decline in its order book.
Dubai a magnet for the world’s wealthy, says Knight Frank
The consultancy's wealth report has ranked Dubai fourth in the world on its list of cities with the biggest inflow of high net-worth individuals.
EGA profit grows by 10 per cent despite lower aluminium prices
A focus on costs helps the company generate higher income despite sales being hit by lower global metals prices.
Dar Group retains WorleyParsons stake after takeover approach is rebuffed
Dubai-based practice says it has 'no present intention' of re-bidding for Australian giant after its A$2.85 billion takeover offer is rebuffed.
Emirates Reit reports lower profit as value of portfolio matures
Reit manager cites increased lettings at Index Tower and a new school deal at Dubai Investments Park as factors in growth of rental income.
Conares chief calls for tariffs to protect UAE steel producers
Abdulla Al Shamsi, the UAE assistant secretary for industrial affairs, said 'there are a lot of measures in plan' in a bid to control steel prices.
Dubai company ready to 3D print your house, says 19-year-old founder
Chris Kelsey's company, Cazza, uses mobile printing robots that are capable of printing a 200-squaremetre house in a single day using just two workers.
Al Gergawi to leave Dubai Holding post
Mohammad Al Gergawi said Dubai Holding has grown from a business with a Dh200 million loan in a rented office to having assets of over Dh100 billion and 22,000 employees.
Chief executive of Arabtec’s construction unit to step down
The head of the company's construction division is to step down by the end of the month after spending 23 years with the company.
