• Oman lets expats buy units in multi-storey buildings


    In a move aimed at boosting the real estate sector, Oman has permitted expats to buy units in multi-storey commercial and residential towers under the usufruct system. In the first phase, it will be open to only certain areas in Muscat, said a report.

  • New VAT move 'to help boost Saudi residential mortgage market'


    Saudi Arabia’s resilient residential mortgage market is likely to maintain momentum following the the recent government move to exempt property deals from 15 per cent VAT and instead impose a new 5 per cent tax on transactions, according to an expert.

  • Sobha Realty sees Q3 investors' interest hit pre-pandemic levels


    Dubai-based developer Sobha Realty has announced a successful third quarter, registering a significant increase in international investors compared to the previous quarter with first-time interest coming from Nigerian and Canadian buyers.

  • Dubai average office rents down 6.5pc in Q3


    With Dubai's average office rents plunging by 6.5 per cent and citywide rents by 7.7 per cent in the third quarter, many firms are looking to take advantage of the situation for upgradation of the occupational space at zero extra cost, said an expert.

  • Jadwa REIT fund reports 3pc jump in Q3 rental income


    Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia, said its real estate investment trust (REIT) fund has reported a rental income of SR102 million ($28 million) for the first nine months, up 3 per cent over last year.

  • Dubai opens new-generation public bus stations


    Dubai has announced the opening of a set of new-generation public bus stations in Al Ghubaiba area of the emirate. Masterpieces of modern engineering design, these facilities are integrated with multi mass-transit means including the metro and taxis.

  • Dubai Maritime City Phase I infrastructure works 70pc completed


    DP World, the Dubai-based global provider of smart logistics solutions, has announced that around 70 per cent of the road and infrastructure works within Phase One of the residential and commercial development at Dubai Maritime City have been completed.

  • Siemens, Bentley to unveil intelligent analytics for oil, gas operators


    Siemens Energy said it has joined forces with Bentley Systems, a key provider of construction and infrastructure software, to launch asset management solutions for oil and gas operators mainly aimed at helping them cut maintenance costs and safety risks.

  • TRSDC awards Saudi Red Sea helicopter services contract


    The Red Sea Development Company (TRSDC) has awarded a contract to The Helicopter Company (THC) in Riyadh for the provision and operation of a 14-passenger helicopter, crew and maintenance technicians in addition to flight services during daytime.

  • Sustainability, efficiency, millennials driving HVAC innovations


    The heating, ventilation, air-conditioning (HVAC) innovations and advancements continue to reshape 2020, with many new trends across the industry such as sustainability, set to impact businesses in the years ahead, said an industry expert.

  • Shell Deepwater picks Bentley’s iTwin platform for project delivery


    Bentley Systems, a leading provider of construction and infrastructure software, has announced that Shell’s Deepwater business has selected its digital twin approach to streamline the group's capital projects process and accelerate time to first oil.

  • Schneider Electric names VP for Saudi Secure Power unit


    Schneider Electric, a specialist in digital transformation of energy management and automation for homes, buildings and infrastructure, has appointed Mohammed Khader Faraj as the vice president for the company’s Secure Power division in Saudi Arabia.

Building & Construction Window


Construction News

Oman lets expats buy units in multi-storey buildings

In a move aimed at boosting the real estate sector, Oman has permitted expats to buy units in multi-storey commercial and residential towers under the usufruct system. In the first phase, it will be open to only certain areas in Muscat, said a report....



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Gulf construction - January 2020


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