GCC rail network infrastructure to top $15.4bn
The overall cost of the planned infrastructure for GCC railway network linking Kuwait and Bahrain through Dammam in Saudi Arabia, via the planned King Hamad Causeway, is estimated to top $15.4 billion, said a report.
Army eyes key role in Egypt infrastructure projects
Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that armed forces may play a vital role in the huge infrastructure projects alongside the new waterway.
Saudi Arabia must boost 'green housing'
Saudi Arabia must focus on building cheap and environmentally-friendly houses using concrete and wooden materials for the ever-increasing population in capital Riyadh, said an expert.
Qatar acquires landmark Milan business district
PROPERTY WORTH $2.25bn
Qatar's sovereign fund will become sole owner of a prime real estate area in Milan, which has a market value of more than 2 billion euros ($2.25 billion) and is home to the new high-rise headquarters of Italy's UniCredit .
SNC-Lavalin wins 2 district cooling contracts in Saudi
$71M WORTH EPC DEALS
SNC-Lavalin, a leading engineering and construction group, has won two district cooling contracts in Saudi Arabia, with a combined value of approximately $71 million.
Omega Real Estate launches FM division in UAE
Omega Real Estate, a leading real-estate company owned by ‘The H Holding Enterprise,’ has launched facilities management (FM) division, to cater to growing market demand in the UAE.
‘Qatar’s plans will be unaffected by lower oil prices’
Qatar’s plans will not be affected by lower oil price, but there may be more opportunities for private finance to play a role in the country’s infrastructure, according to experts.
Jordan, Israel sign $900m Red Sea-Dead Sea project
Jordan and Israel have signed an agreement to go ahead with a World Bank-sponsored project to build a desalination plant in the Gulf of Aqaba and a pipeline linking the Red Sea with the Dead Sea.
Nass to pay 15pc cash dividend
The board of directors of Nass Corporation has recommended a cash dividend of 15 per cent, or 15 fils per share (3 cents), for the year ended December 31.
SPF Realty launches region’s first AR property app
SPF Realty, a leading real estate broker in the UAE’s freehold property sector, has launched Millennium Square mobile app, the region’s first-of-its-kind augmented reality (AR) application for a luxury residential project.
Azizi to unveil Dubai projects at top India show
Azizi Developments, a leading UAE property developer, is set to showcase the company’s portfolio of current and upcoming luxury projects in Dubai at the upcoming 'Times Property Expo 2015' in Mumbai, India.
Vinci Bouygues seals Egypt metro line contract
French company Vinci Bouygues Travaux Public has been awarded a contract to complete the construction of the fourth phase of the third metro line in Cairo, said a report.