• Ithra Dubai achieves key construction milestone at One Za’abeel


    Ithra Dubai, the real estate arm of state-owned Investment Corporation of Dubai ( ICD) has announced that its iconic development, One Za’abeel has achieved a major milestone with The Link accomplishing its final slide at ground level.

  • Saudi construction equipment market set to grow 4.79pc by 2025


    The Saudi construction equipment market is poised for solid growth over the next five years with a CAGR of 4.79 per cent buoyed by massive government housing projects which will see the construction of 1.5 million units across the kingdom.

  • Dubai Real Estate Institute gets additional powers


    Dubai Real Estate Institute (DREI) said a new law has been issued giving it full authorisation to grant qualification certificates to industry professionals besides permitting tieups with local and international academic bodies for training programmes.

  • Abu Dhabi University’s new Al Ain campus 90pc completed


    Abu Dhabi University (ADU) said construction work on its new campus coming up in Al Ain, is now 90 per cent complete. Set in the Asharej district, the educational facility is set to be delivered by the third quarter of 2020.

  • Sharjah joins forces with major Malaysian engineering firm


    Sharjah Asset Management, the government's investment arm, has joined hands with Malaysia's largest engineering consulting firm CHSS, to set up a new company, Asool CHSS, to help boost the development of infrastructure and urban projects in the emirate.

  • Saudi Real Estate Development Agency issues manual of criteria


    Saudi Arabia's housing ministry has issued a manual of criteria for evaluating capabilities of real estate developers, including financial, technical, organizational, marketing and legal aspects, according to a report.

  • Omran-Majid Al Futtaim JV starts work on Oman project


    Madinat Al Irfan Development Company, a joint venture between Omani tourism group Omran and UAE-based Majid Al Futtaim Properties, has started construction work on its new customer experience centre, which will be completed by Q1 2021.

  • Eltizam subsidiary nets over $201m FM contracts in H1


    UAE-based Eltizam Asset Management Group said one of its subsidiaries Tafawuq Facilities Management, has secured contracts and renewals worth more than Dh739 million ($201 million) during the first six months, thus setting a new company record.

  • Mena construction sector hit with triple whammy, says expert


    With the construction sector in the Middle East and North Africa region hit by the triple whammy of big production cut, low oil prices and contracting non-oil sectors, it is set to witness poor performance for the rest of the year, said an expert.

  • India's Jindal Steel and Power to sell Oman unit for over $1bn

    DEAL INKED WITH MAURITIUS FIRM
    Indian industrial group Jindal Steel & Power Company (JSPL) said it would transfer its entire stake in its Oman asset, Jindal Shadeed Iron and Steel, to another promoter group firm, Templar Investments, for an enterprise value of over $1 billion.

  • Doosan Heavy wins $58m UAE power equipment order


    South Korea’s Doosan Heavy Industries & Construction Company has secured a 70 billion won ($58 million) contract for supply of power-generating equipment for a liquefied natural gas (LNG) combined cycle power plant under construction in Fujairah.

  • Key phase of major Saudi airport expansion completed


    Saudi civil aviation authorities have announced that the second phase of the development and expansion of Prince Abdul Majeed bin Abdulaziz Domestic Airport in AlUla region of the kingdom has been completed.

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Ithra Dubai achieves key construction milestone at One Za’abeel

Ithra Dubai, the real estate arm of state-owned Investment Corporation of Dubai ( ICD) has announced that its iconic development, One Za’abeel has achieved a major milestone with The Link accomplishing its final slide at ground level. ...



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