Dubai opens world’s first 3D-printed building
UAE 'INCUBATOR FOR INNOVATION'
Dubai has become home to the world’s first fully functional 3D-printed building which was constructed using a special mixture of cement and a set of building materials designed and made in the UAE and the US, said a report.
Bahrain awards $46m construction tenders in April
Bahrain has awarded 15 tenders worth BD17.4 million ($46 million) and invited bids for four tenders worth BD486,500 ($1.27 million) in April for projects related to roads, sanitary and construction.
Dubai Holding unveils $272m waterfront development
WATER HOMES, FLOATING HOTELS
Dubai Holding has announced the launch of its new Dh1-billion ($272 million) master-planned waterside development, 'Marasi Business Bay,' which will feature UAE’s first-ever water homes and floating restaurants along the Dubai Creek.
Hempel Kuwait to open new factory next year
Hempel Kuwait, a leading paint manufacturer, said it will increase its production with the opening of a 20,000-sq-m factory in 2017, with the capacity rising to 19 million litres in two shifts.
Egyptian developer Medinet Nasr eyes $113m loan
Egyptian property developer Medinet Nasr is considering a E£1 billion ($113 million) loan in order to speed up development at one of its plots, the company said in a statement on Tuesday.
Headline office rents steady in Dubai free zones
Office rents in the prime free zones of Dubai, UAE held firm during the first quarter as occupancy levels remained high in core areas such as Dubai International Financial Centre, Dubai Media City and Dubai Knowledge Village, said a report.
SSH to expand Bahrain operations
SSH, a specialist in masterplanning, infrastructure, building design, construction supervision and project management, has announced plans to invest further in the development of its Bahrain office.
Dubai Parks and Resorts rights issue oversubscribed
Dubai Parks and Resorts, a leisure and entertainment destination coming up on a 16-million-sq-ft area in the UAE, today confirmed that its Dh1.68 billion ($457 million) rights issue, announced on April 19, was oversubscribed 1.25 times.
Sandan, Towell sign deal for light industries park
Sandan Development has signed an agreement with Towell Construction & Company (TCC) to construct the first integrated light industries park in Oman, said a report.
Omani firms seal key electricity distribution agreement
POWER GRID INTEGRATION
State-owned companies Petroleum Development Oman (PDO) and Nama Group (formerly Electricity Holding Group) have signed an agreement for the speedy implementation of a more integrated and co-ordinated power grid across the sultanate.
Marassi Shores Residences sales begin
UAE-based private real estate investment and development company Eagle Hills, in partnership with Bahraini developer Diyar Al Muharraq, has announced the launch of sales for its Marassi Shores Residences in the kingdom, a report said.
Shaikhani unveils first phase of UAE residential project
UAE-based Shaikhani Group has announced the launch of the first phase of Gardenia Residency, a Dh220-million ($60 million) luxurious residential project located at Jumeirah Village Circle in the emirate of Dubai.