Articles
IMG Worlds pushing for 2020 opening of second theme park
Featuring nine zones spread across 2 million square feet, Worlds of Legends will include attractions based on brands such as Pokemon, Teenage Mutant Ninja Turtles, and Dora the Explorer.
Adnoc awards Hill International Dh57m facilities management deal
Company picks up three-year deal to oversee Adnoc estate and a two-year container terminal project in Morocco.
Abu Dhabi’s Marina Mall to undergo Dh3 billion extension
The work is set to complete in 2019, which will be after the proposed opening dates for two new Abu Dhabi malls worth $1 billion each – Al Maryah Central and Reem Mall.
Bahrain’s Investcorp buys stake in Spain’s Agromillora
Agromillora, the agricultural technology company, is known for developing high-yielding plants and trees.
Dubai developer Deyaar looks to pull in buyers with offer of guaranteed returns
Offering a guaranteed return for a specified period, usually up to two years, has become a more widespread selling tool among developers of serviced apartments in Dubai.
SME profile: Dubai self-storage strategist likes to think out of the box
'When you start as an entrepreneur, it’s all just bad news. Everyone around is: ‘are you crazy leaving your job? This is very irresponsible of you’ You just get all of the negativity in the world.'
Ajman seeks to rebuild investor confidence by strengthening real estate laws
Inaugural Ajman Real Estate conference to take place on 14 December
Saudi government payments to construction firms may not mean a speedy market recovery, builders warn
Contractors warn an extended lull in the Saudi construction industry is still likely.
Database for Dubai buildings set to complete next year
The department’s work has involved visits to each plot and the completion of a standard, 64-point questionnaire assessing each building’s facilities.
Dubai granted land decree a catalyst for city building, says official
Decree will allow landholders more access to capital and provide greater security for lenders.
Drake & Scull to cull civil contracting and Indian businesses
The chief executive, Wael Allan, says the company will withdraw from MEP, general contracting and rail markets in India.
Profits at Besix help to shore up Orascom’s third-quarter results
The Egyptian-headquartered company posts a 6.1 per cent increase in third-quarter net profit to US$26 million.
UAE set to challenge US imposition of steel charges
Economy ministry may appeal to World Trade Organization if talks fail to reverse imposition of anti-dumping charges.
Demand for Dubai luxury property dips; recovery not expected until 2017, says Cluttons
Residential property prices are 7.4 per cent lower year-on-year and have further to fall.
