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.
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.