Saudi awards $33bn project contracts in H1
The value of contracts awarded in Saudi Arabia during the first half of the year hit SR124.6 billion ($33.2 billion), up 21 per cent over SR102.7 billion for the same period in 2013, according to a report.
Asteco named lease agent for Dubai tower
Asteco, a leading real estate consultancy in the region, has been appointed as the sole leasing agent for the Al Saqr Business Tower, situated in one of Dubai’s most prestigious and sought after business addresses.
UAE foundation to build water stations in Sudan
Dubai-based Al Maktoum Foundation has signed a Dh1 million ($272,175) contract for the construction of 10 water stations at South Darfur and West Kordofan in Sudan.
Siemens wins key SEC deals
German technology giant Siemens has inked two contracts with Saudi Electricity Company for the construction of static var compensators (SVCs) at several substations in Saudi Arabia.
Property price rise deters first-time home buyers
DUBAI SUBURB RATES SOFTEN
The rise in property prices has resulted in fewer sales transactions in the second quarter of the year and diverted potential first time home buyers to shift their immediate attention to continuing to rent in Dubai, UAE, a report said.
Bahrain to hand over 210 new homes
The Bahrain government is all set to hand over residential unit contracts to 210 beneficiaries of the Zallaq Housing Project, said a report.
380 Bahrain firms violate summer work ban
A total of 380 firms violated Bahrain's summer work ban this year. During the last two weeks of the ban, which ended on Sunday, 114 violations were registered involving 259 labourers.
Dubai residential property prices up 34pc
Residential property prices in Dubai, UAE, posted solid growth in July with a 34.5 per cent year-on-year increase over the same period last year, said a report.
Quality interiors to drive UAE high-end projects
Quality-driven interiors will be a determining factor for the success of upcoming high-end real estate projects, said experts ahead of Downtown Design, a key industry event which will be held in Dubai, UAE next month.
Nakheel opens first community retail centre in Dubai
Nakheel, a leading Dubai-based developer, has officially opened Jumeirah Park Pavilion, the first of five community retail malls under way at Nakheel developments across Dubai, UAE.
Dewa starts work on $46m water pipeline network
Dubai Electricity and Water Authority (Dewa) has commenced work on a 25-km water pipeline network across the city in the UAE.
Iraq eyes foreign investments for new airport
Iraq plans to invite foreign investors to build a new civilian airport in the Al Diwaniyah governorate, a top official has been quoted as saying.