• Drake & Scull boosts GCC ownership limit to 100pc

    STRATEGIC MOVE
    Drake & Scull, a leading engineering and construction company based in Dubai, UAE, in a major move said it has increased the ownership limit for nationals from the Gulf region to 100 per cent from the earlier cap of 49 per cent.

  • Emaar chief to set up real estate institute


    Emaar Properties founder and chairman Mohamed Alabbar has announced plans to set up the first not-for-profit real estate institute in the Middle East region.

  • Architectural lighting focus for Abu Dhabi summit


    Adoption of smart energy-efficient LED lighting solutions in architecture will come under focus at an upcoming fourth annual Middle East Smart Lighting and Energy Summit 2015 in Abu Dhabi, UAE.

  • Madinah airport set for Phase One launch


    The first phase expansion of Saudi Arabia’s Prince Mohammad bin Abdulaziz International Airport in Madinah, built at a cost of $1.2 billion, is set to open today.

  • Qatar launches big infrastructure project


    Qatar has launched a major infrastructure project costing over QR537 million ($147 million) to develop a major city suburb north of Salwa Road, a report said.

  • WSP/Parsons Brinckerhoff wins Kuwait project


    WSP/Parsons Brinckerhoff, a leading professional services consulting firm, has won a major design project to upgrade Kabd-Sulaibiya Highway (KSH) in Kuwait.

  • China’s Antonoil wins wells workover bid in Iraq


    China’s Anton Oilfield Services Group (Antonoil) has been commissioned to provide a series of services covering workover of three wells, coiled tubing acidizing and other downhole services in Iraq, a report said.

  • Amec Foster Wheeler names MEA chief


    Amec Foster Wheeler, a leading engineering and project management company, said Garry Dryburgh will be taking over as the group's new president for Middle East and Africa (MEA) region from August 9.

  • Cineco to build new cineplex in Bahrain


    Bahrain Cinema Company (Cineco) has announced plans to build a six-screen cineplex and a branch of Rendezvous restaurant at Wadi Al Sail Mall in Riffa area of the kingdom.

  • Italian JV wins $1bn Turkey healthcare project


    Italian construction group Astaldi said its joint venture with Turkish firm Türkeler has won a $1-billion contract to build and operate one of the largest healthcare facilities in the world coming up at Ankara, Turkey, said a report.

  • Dubai municipality working on $473m projects


    Dubai Municipality is currently working on 23 main projects worth around Dh1.74 billion ($473 million) including a fish market, Dubai Safari and the Thuraya astronomical observatory, said a report, citing a top official.

  • Future Pipe commissions fibreglass plant in Dubai


    UAE-based Future Pipe Industries said one of its units has commissioned a 176,720-sq-m manufacturing plant for production of fibreglass pipes and fittings for the energy and industrial sectors at Dubai Industrial City.

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Construction News

Drake & Scull boosts GCC ownership limit to 100pc

Drake & Scull, a leading engineering and construction company based in Dubai, UAE, in a major move said it has increased the ownership limit for nationals from the Gulf region to 100 per cent from the earlier cap of 49 per cent....


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