• Modon awards $645m Abu Dhabi residential project contracts


    Modon Properties, a master developer of real estate projects, has awarded three infrastructure contracts worth Dh2.37 billion ($645 million) for Phases Two and Five of Abu Dhabi-based residential development, Riyadh City South.

  • Honeywell unveils first autonomous building solution


    Global technology major Honeywell has launched a new cloud-based, closed-loop, machine learning solution that continuously studies a building’s energy consumption patterns and automatically adjusts to optimal energy saving settings.

  • Abu Dhabi Finance seals Aldar partnership deal


    Abu Dhabi Finance (ADF) has joined hands with Aldar Properties offering exclusive finance rates starting from 2.99 per cent for customers of its key Aldar projects such as The Bridges, Yas Acres, Mamsha, and Jawahar developments in Abu Dhabi.

  • Dubai’s 'Office of the Future' sets new world record


    The Dubai Future Foundation (DFF) has set a new Guinness record with the world’s first 3D-printed commercial building, The Office of the Future, which was created with a single printer, measuring 20 ft tall, 120 ft long and 40 feet wide.

  • Arkan Building Materials' 2019 revenue down 6.7pc


    UAE-based Arkan Building Materials said it has registered a revenue of Dh902.43 million ($245.6 million) for 2019, down 6.73 per cent from Dh967.64 million ($263.4 million) the previous year, amid intense competition and pressure on product pricing.

  • Kerten Hospitality to debut Cloud7 Residence in Jordan


    Specialist mixed-use operator Kerten Hospitality has signed a management agreement with Ayla Oasis Development Company to open the Cloud7 Residence Ayla Aqaba in Egypt this June.

  • Eaton to showcase medium voltage capabilities at MEE


    Eaton, a leading power management company, will display its holistic portfolio of medium-voltage products and solutions, designed to improve reliability, increase efficiency and enhance safety at Middle East Energy (MEE) 2020 in Dubai, UAE.

  • McDermott breaks ground on Saudi fabrication facility


    McDermott, a leading provider of integrated EPCI services, has broken ground on its new fabrication facility located at King Salman International Complex for Maritime Industries and Services in the Ras Al Khair region of the kingdom.

  • Seven to build 20 leisure complexes in Saudi Arabia

    50 CINEMAS, MEGA THEME PARKS
    Seven, a unit of Saudi Arabia's sovereign wealth fund PIF, has announced plans to set up new entertainment complexes in prime locations across the kingdom. The plan includes construction of 20 leisure destinations, 50 cinemas and two large theme parks.

  • Global construction, real estate deals hit $57bn in Q4


    The total value of deals in the construction and real estate sector globally for the fourth quarter of 2019 hit $56.78 billion, up 29 per cent when compared to the last four-quarter average of $44.38 billion, according to a report.

  • UTEC completes major survey subcontract for McDermott


    Global surveying company UTEC said it has completed a subcontract in the Middle East region for McDermott, a provider of integrated EPCI (engineering, procurement, construction and installation) services for upstream field developments.

  • Haji Hassan renews strategic Construction Expo partnership


    Haji Hassan Group, one of the leading construction companies in Bahrain, has renewed its strategic sponsorship for the upcoming Gulf Construction Expo, the largest showcase for building and construction sector in the Northern Gulf.

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Modon awards $645m Abu Dhabi residential project contracts

Modon Properties, a master developer of real estate projects, has awarded three infrastructure contracts worth Dh2.37 billion ($645 million) for Phases Two and Five of Abu Dhabi-based residential development, Riyadh City South....



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