• Saudi UAQ, Alinma unit launch $4.5bn Makkah real estate fund

    BIG INVESTMENT IN HOTELS
    Saudi Umm Alqura Company for Development and Construction (UAQ) has joined forces with a unit of the kingdom's leading bank Alinma to launch a SR17-billion ($4.53 billion) real estate development fund mainly focused on properties in Makkah.

  • L&T wins major GCC power, infrastructure project work

    SUBSTATION, EXPRESSWAY CONTRACT
    India's top engineering and construction firm Larsen & Toubro (L&T) said its key subsidiaries have secured significant contracts from the Gulf region, including the construction of a 132kV substation in UAE and Expressway project work in Qatar.

  • FRV, Harmony Energy to launch utility-scale battery project in UK


    Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy said it has collaborated with British developer Harmony Energy for the launch of its first utility-scale battery project at Poole, a coastal town in Dorset, southern England.

  • Alstom hires two Ajman students for Dubai project


    Alstom, a multinational company operating worldwide on rail transport markets, has recruited two of Ajman University (AU) students after they successfully completed a special railway system training programme in Dubai.

  • Cushman & Wakefield set for Bahrain real estate expo


    Leading experts from Cushman & Wakefield will shed light on the impact of the real estate sector on the environment and other key industry issues at the upcoming Bahrain International Property Exhibition and Forum in capital Manama.

  • Saudi construction contracts in Q3 hit $12.7bn, says report


    Saudi Arabia's construction industry witnessed solid growth in the third quarter buoyed by SR47.8 billion ($12.7 billion) worth of awarded contracts mainly in the oil and gas and the real estate sectors, according to a report.

  • Nasdaq Dubai welcomes $1.1bn IsDB green sukuk


    Nasdaq Dubai has welcomed the listing of a €1 billion ($1.1 billion) green sukuk issued by Islamic Development Bank (IsDB) under its sustainable finance framework. A multilateral lender, IsDB currently has 11 sukuks listed on Nasdaq Dubai.

  • Dubai tops ‘Construction Mega Cities' list; beats London, NY


    Dubai has been ranked among the top ‘Construction Mega Cities’ (those having a pipeline of projects worth over $30 billion) for 2019 along with London and New York in a list compiled by GlobalData, a leading data and analytics company.

  • Nakheel to unveil prime Dubai properties at China expo


    Master developer Nakheel will be showcasing its diverse range of properties - from luxury apartments on Palm Jumeirah to stylish flats at Dubai’s biggest Chinese community - at the upcoming Luxury Property Show (LPS) in Shanghai, China.

  • Haulotte launches exclusive webpage for used equipment


    Haulotte Group, a French aerial work platform manufacturer and also Europe's biggest supplier of people and material lifting equipment, has announced the launch of a web page exclusively dedicated to its used equipment.

  • Gulf Islamic Investments exits Amazon's key German property

    REAL ESTATE PORTFOLIO UP $900m
    UAE-based Gulf Islamic Investments (GII) has announced that it had successfully exited a prime 1-million-sq-ft Amazon property in Dortmund, Germany.

  • Elsewedy to build $45m solar PV project in S Sudan


    Elsewedy Electric, a leading energy solutions provider in the region, has signed a contract with the Ministry of Energy and Dams of South Sudan to build a hybrid solar photovoltaic project with battery storage system with a value of $45 million.

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Construction News

Saudi UAQ, Alinma unit launch $4.5bn Makkah real estate fund

Saudi Umm Alqura Company for Development and Construction (UAQ) has joined forces with a unit of the kingdom's leading bank Alinma to launch a SR17-billion ($4.53 billion) real estate development fund mainly focused on properties in Makkah....



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