• Abu Dhabi delays announcement of winning bid for 1.5GW solar plant


    Abu Dhabi has postponed the announcement of the winning bid for a 1.5 gigawatt (GW) solar power plant to be developed in the Al Dhafra region in light of rules barring large group meetings due to the Covid-19 outbreak.

  • Shaker Group's revenue for 2019 surges 14pc to $234m


    Shaker Group, a leading Saudi manufacturer of air conditioners and home appliances, has registered a full-year revenue of SR882.8 million ($234.2 million) for 2019, up 14.1 per cent over the previous year, while its net loss narrowed by 74.8 per cent.

  • Unique Group inks rental deal with UK offshore company


    Leading integrated subsea and offshore solutions provider Unique Group, has signed an exclusive rental agreement with UK-based underwater leak detection systems expert Otaq Offshore for its innovative products in the Middle East region.

  • Savills welcomes Dubai Free Zones stimulus package


    Leading real estate advisor Savills said the economic stimulus package by Dubai Free Zones, which includes rent payments deferral by 6 months, payments by monthly installments and refunding of insurance, will help ease the burden on corporate tenants.

  • Covid-19 'to change real estate design, property management'


    The threat of the coronavirus disease (Covid-19) pandemic is set to change the region's real estate design and property management in the short and long term, according to a leading UAE-based property developer.

  • Mideast developers worried over fate of projects amid Covid-19


    As the Middle East is preparing for the unknown impact of Covid-19 on its workplaces and workforce, many clients are wondering what will happen to their construction projects, will they be delayed and will compensation be required, said a report.

  • Egypt announces completion of over 127,600 housing units


    Egypt has announced that a total of 127,600 social housing units have already been constructed in three new cities - Sadat City, 6th of October City and Badr City - across the country, said a report.

  • Experts discuss Abu Dhabi water and sustainability issues


    Leading global scientists and experts in rain enhancement and atmospheric research convened in the UAE capital to address the pressing water and sustainability issues and discuss the latest developments in rain enhancement research.

  • Oman Tourism to capitalise on building more heritage inns


    The Oman Ministry of Tourism recently revealed that significant investments will be poured in to transform ancient houses into heritage inns and guest houses in an aim to boost tourism efforts promoting the sultanate’s vibrant local heritage.

  • Dubai Free Zones Council launches economic stimulus package


    Dubai Free Zones Council has announced the launch of an economic stimulus package that will help contribute to strengthening and supporting the emirate's businesses by reducing the impact of the current economic situation due to Covid-19 pandemic.

  • UAE playing vital role in reducing CO2 footprint, says minister


    The UAE is playing a prominent role in reducing the carbon footprint and realising sustainable development. As per Energy Plan 2050, it has aims to cut CO2 emissions by 70 per cent and increase clean energy use by 50 per cent, said the energy minister.

  • Kuwait's Markaz nets 27.7pc returns from US property exit


    Kuwait Financial Centre (Markaz) has announced that it has successfully sold a US-based industrial property for $58 million which delivered a net internal rate of return (IRR) to investors of 27.7 per cent and a return on equity (ROE) of 49.6 per cent.

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Construction News

Abu Dhabi delays announcement of winning bid for 1.5GW solar plant

Abu Dhabi has postponed the announcement of the winning bid for a 1.5 gigawatt (GW) solar power plant to be developed in the Al Dhafra region in light of rules barring large group meetings due to the Covid-19 outbreak. ...



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