• DIFC Investments, Emaar ratings downgraded over Covid crisis


    The ratings of three major Dubai real estate development companies - DIFC Investments, Emaar Properties and its retail subsidiary Emaar Malls - have been downgraded on increased economic pressures stemming from spread of Covid-19 pandemic, said a report.

  • Dewa's key unit launches smart cities command centre


    Moro Hub, a wholly-owned unit of Dubai Electricity and Water Authority, has announced the opening of its Smart Cities Command and Control Centre that will provide intelligent IoT platforms, cyber security and managed services, for Dubai 10X initiatives.

  • Alstom-led consortium delivers Dubai Red Line extension


    Alstom said its ExpoLink consortium had played a major role in the completion of the Dh11-billion ($2.9 billion) Dubai Route 2020 metro project. The extension of the Red Line has seven stations including Jebel Ali and the flagship station at the Expo site

  • Imkan unveils new show apartment at Abu Dhabi project


    Abu Dhabi developer Imkan has unveiled a one-bedroom show apartment at its seven-tower Makers District, the UAE’s newest mixed-use hub located on Reem Island, thus highlighting a unique standard of living with inspirational architecture and interiors.

  • Saudi Arabia set to complete $56m school projects


    Saudi Arabia has announced plans to complete work on 21 school projects and deliver them later this month. The SR209 million ($56 million) project will see these educational institutions come up in key regions such as Riyadh, Makkah and Eastern Province.

  • Amlak International's share allocation, trading to begin tomorrow


    Saudi Arabia-based Amlak International for Real Estate Finance's allocation of shares for individual (retail) subscribers and trading will begin tomorrow, said NCB Capital, the financial advisor, lead manager, bookrunner and underwriter of its IPO.

  • Jeddah allocates $61m for waterfront revamp


    Jeddah Governorate said that it is earmarking SR229 million ($61 million) to develop an area of over 180,000 sq m as part of a project to revamp a 2.8-km stretch of the city's waterfront, a media report said.

  • IsDB working on 57 projects worth $3.8bn in Egypt


    The Islamic Development Bank (IsDB) Group is currently implementing 57 projects worth $3.8 billion in Egypt, said Dr Bandar Hajjar, IsDB President.

  • Sewa delivers electricity to 135 residential buildings


    The Sharjah Electricity and Water Authority (Sewa) has announced the completion of the connection and operation of electricity for 135 residential buildings in the city of Sharjah within 15 days.

  • Petrofac secures EPCC contract in Kazakhstan


    Petrofac’s Engineering & Production Services (EPS) division, in joint venture with Isker, a Kazakhstan company, has secured an engineering, procurement, construction, pre-commissioning and commissioning (EPCC) contract worth $135 million.

  • Pace's Kuwait schools project makes it to WAN 2020 awards list


    Pace, one of the region's leading architecture and engineering practices based in Kuwait, has announced that its design for Future Schools of Kuwait project has been shortlisted for the 2020 WAN Awards under the Future Projects - Education Category.

  • Abu Dhabi's construction cost index stable in Q1


    Abu Dhabi's construction cost index (CCI) remained unchanged in the first quarter compared to the same period last year with the index at 98 per cent in both corresponding quarters, according to the Statistics Centre - Abu Dhabi (SCAD).

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Construction News

DIFC Investments, Emaar ratings downgraded over Covid crisis

The ratings of three major Dubai real estate development companies - DIFC Investments, Emaar Properties and its retail subsidiary Emaar Malls - have been downgraded on increased economic pressures stemming from spread of Covid-19 pandemic, said a report....



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Gulf construction - October 2016


Daimler Commercial Vehicles Mena and Mercedes-Benz Trucks have reached a major milestone with the sale of the 100,000th Mercedes-Benz Actros in the Middle East and in North...


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