• Mideast investment in US real estate doubles


    Demand from Middle Eastern investors for US real estate has intensified over the last year — bolstered by the continued strength of the US dollar, says research from Knight Frank.

  • Hasaad Real Estate signs hotel deal with Millennium


    Millennium Hotels & Resorts Middle East has announced the signing of its first Millennium Central property in Saudi Arabia in partnership with Hasaad Real Estate at the Saudi Arabia Hospitality Investment Conference (SHIC) in Riyadh.

  • McDermott files for prepackaged restructuring


    McDermott International has announced that it will file for Chapter 11 bankruptcy after the engineering and construction company reached an agreement with creditors to tackle its debt.

  • Veolia breaks ground on Saudi waste-to-energy plant


    Veolia, a leader in optimised resource management and the Royal Commission for Jubail via its investment arm JYIC, have started work for the development of a central utilities and waste valorisation plant in the PlasChem Park of Jubail Industrial City.

  • Dubai Tourism releases new guidelines for holiday home sector


    Dubai Tourism has announced a new administrative resolution that outlines regulations for operators, homeowners and authorised tenants who wish to obtain a holiday home licence.

  • Besix wins Dubai waste-to-energy project contract


    Dubai Municipality has awarded Besix the contract to build and operate the Al Qusais Landfill Gas-to-Energy project. Besix will build and operate for 16.5 years the renewable energy production facilities at Al Qusais, Dubai.

  • Dewa to highlight future possibilities for women


    Dubai Women Establishment (DWE) has announced Dubai Electricity and Water Authority (Dewa) as the Strategic Sustainability Partner of Global Women’s Forum Dubai 2020 (GWFD 2020).

  • GHD Advisory strengthens UAE team


    GHD Advisory, part of global professional services company GHD, has welcomed Amani O’Neill and Noor Badri as senior advisor and advisor, respectively, in its Abu Dhabi office.

  • SRC signs $66.6m refinance deal with Bank AlJazira


    Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund (PIF), announced today that it has signed a mortgage portfolio acquisition agreement with Bank AlJazira.

  • Diyar Al Muharraq’s Jeewan project work ahead of schedule


    Diyar Al Muharraq, one of the largest real estate development companies in Bahrain, has announced that work on phases one and two of its Jeewan residential project is ahead of schedule.

  • ECI supports global exports of UAE steel manufacturer


    Etihad Credit Insurance (ECI), the UAE Federal Credit Insurance Company, continues to provide support to UAE steel manufacturers to expand their export business and Conares is the latest company to benefit from this.

  • Dewa wins three trophies at Asia Power Awards


    Dubai Energy and Water Authority (Dewa) has won three trophies at the 15th Asian Power Awards in three categories, at a ceremony held in Kuala Lumpur, Malaysia.

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Mideast investment in US real estate doubles

Demand from Middle Eastern investors for US real estate has intensified over the last year — bolstered by the continued strength of the US dollar, says research from Knight Frank....



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Gulf construction - January 2020


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