Arkan to enter new markets, boost exports
UAE-based Arkan Building Materials said it is now planning to enter new regional markets to boost its presence and also increase its exports to 20 per cent of the group revenues by 2019.
Al Salam sets up escrow account for Bahrain project
Al Salam Bank-Bahrain has partnered with UAE-based private developer Eagle Hills Diyar to form a real estate development escrow account model in the kingdom for its upcoming urban waterfront project Marassi Al Bahrain.
Abu Dhabi Housing in key scientific research deal
Abu Dhabi Housing Authority (Adha) has signed a MoU with the Abu Dhabi University to explore the opportunities of co-operation in scientific research, field studies, academic applications of housing related activities.
Aldar to launch Yas Acres Phase III units sale in Oct
UAE-based Aldar Properties said the sales of the housing units in third phase of Yas Acres project, a Dh6 billion ($1.63 billion) flagship golf and waterfront villa development on Yas Island in Abu Dhabi, will begin next month.
China's Dalian Wanda opens $5.1bn tourism park
HOTELS, SHOPPING MALL PLANNED
Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday.
HCE sets voting deadline for 3Gs stand awards
Bahrain-based Hilal Conferences and Exhibitions (HCE) has set October 17 as the last date for casting votes for the best stand at the 3Gs show - Gulf Construction Expo (formerly called gulf BID), The Gulf Property Show and gulfInteriors.
Emicool wins top honours at US show
UAE-based Emirates District Cooling (Emicool) said it has won top industry awards in two categories at the 107th International District Energy Association (Idea) annual conference and trade show held recently in Minnesota, US.
Qatar residential properties 'in big demand'
There has been a sharp increase in demand for real estate properties in Qatar after a relatively lull market situation owing to summer vacations and Eid holidays, said a report.
New residential tower launched in Bahrain
International real estate consultancy Cluttons has announced the launch of Tilal Towers, a new affordable eco-friendly residential development in Bahrain.
Qatar Cool to commission 40,000RT cooling plant
Qatar Cool, a premier provider of district cooling in capital Doha, said it will be commissioning its third plant in the West Bay district next year with a capacity of 40,000 tons of refrigeration (RT).
Suez tunnel work to be completed by 2018-end
Leading Egyptian builders Arab Contractors (AC) and Orascom Construction have started work on a E£18-billion ($2 billion) tunnel construction project which will be completed by the end of 2018, said a report.
Saudi Binladin 'starts getting government dues'
The Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom's biggest construction firm, for its work on government projects, Saudi Okaz newspaper reported on Thursday, citing an adviser to the chairman.