Asian contractors win $290m Saudi Tasnee project
TITANIUM SPONGE PLANT
Leading Asian contractors - Taiwan's CTCI and Japan's Chiyoda - have won a major contract from Saudi Arabia's National Industrialisation Company (Tasnee) to build a $290-million titanium sponge plant in the Yanbu region of the kingdom.
Qatar UDC registers 8pc jump in Q1 profit
Qatar-based United Development Company (UDC) has registered a net profit of QR270 million ($74 million) for the first quarter, up eight per cent when compared to the same period last year.
Bahrain property association backs top industry expo
The Bahrain Property Development Association (BaPDA) has confirmed its continued support for the Gulf Property Show, which is now in its third edition.
Saudi PetroRabigh starts maintenance work on VDU unit
Saudi Arabia's PetroRabigh said that it had started unscheduled maintenance work on its vacuum distillation unit (VDU) that was expected to last until May 10.
Bahrain’s retail sector thrives on upbeat market
PRIME OFFICE RENTS STABLE
The retail sector in Bahrain continues to thrive with newly delivered and upcoming developments announced in the past year, including two top destination malls which opened in the first quarter of this year, a report said.
Hempel opens largest Mideast showroom in Riyadh
Hempel Paints, a specialist in coatings and paints used in interior decoration, has opened its largest regional showroom in Riyadh, Saudi Arabia.
Better Homes inks residential maintenance contract
UAE-based property company Better Homes has signed a one-year partnership agreement with leading UAE facilities management (FM) company Farnek and home maintenance firm Hitches & Glitches.
Mediclinic to build new hospital in Dubai
Mediclinic Middle East, a leading private healthcare group, has announced plans to construct a new general hospital on a 500,000-sq-ft area at Umm Suqeim Road in Dubai, UAE.
Saudi-UAE JV to build $272m steel plant
United Iron & Steel (UIS), a joint venture between UAE-based Abdul Jalil Group and Saudi group Safid, has announced plans to build a new galvanised steel production plant in Abu Dhabi, UAE, at an investment of Dh1 billion ($272 million).
Dewa seeks consultancy bids for solar park project
Dubai Electricity and Water Authority (Dewa) has invited bids for a project consultancy contract for the third phase of Mohammed bin Rashid Al Maktoum Solar Park, one of the largest renewable energy projects in the region.
Wasl holds special day for families
Wasl Properties, a leading real estate company in Dubai, UAE, hosted a special day for families wasl vita, a recently launched a premium residential and retail mall project.
Bahrain issues edict on renting buildings
Bahrain has brought in a new rule on renting buildings as per which the landlords must notify the respective municipality when renting a building as a collective residence within 30 days after the signing of the contract, said a report.