Lootah plans revamp of Ewan Residences
Lootah Real Estate, a high-end property developer in the UAE, has announced a major revamp of its Ewan Residences residential community to align it with the modern lifestyle needs of New Dubai.
RMK appoints Impact manager for freehold project
RMK Projects, the developing arm of RM Kooheji group, has appointed the Bahrain-based Impact Estate as the property and facility management company for its recently completed residential project Nasmah West in the kingdom.
Enec signs support services deal with Korea firm
NUCLEAR POWER PLANT
The Emirates Nuclear Energy Corporation (Enec) and Korea Hydro & Nuclear Power (KHNP) have signed an operating support services agreement (OSSA) for the Barakah nuclear power plant in Abu Dhabi, UAE.
Artar offers Dubai homes on 30pc down payment
Riyadh-based Artar Real Estate Development is offering a payment plan requiring only a 30 per cent investment prior to completion of the Mada Residences project in Downtown Dubai.
Vincitore woos Nigerians for Dubai homes project
Vincitore Real Estate Development, the developer of the Dh135-million ($27 million) Vincitore Palacio in Dubai, has concluded its first-ever roadshow in Nigeria to promote its premier flagship residential project among local investors.
Wilo to build facility in Jafza
Germany-based leading pump manufacturer Wilo has announced an investment to build a local facility in Jebel Ali Free Zone (Jafza), Dubai.
Iran 'self-reliant' in petchem facilities construction
Iran, by raising the potential of its experts and technicians, has become self-sufficient in the construction of petrochemical facilities, said a senior official in a report.
Ezdan cuts water usage by 60pc at homes complex
Qatar’s Ezdan Real Estate Company has installed about 262,000 water-saving devices in more than 15,000 of its Al Wukair residential units, resulting in a reduction of up to 60 per cent in the overall water consumption.
Dubai real estate market draws $15.5bn in H1
FOREIGNERS TOP INVESTORS
Investors, mainly Arab and foreign nationals, poured Dh57 billion ($15.51 billion) into Dubai’s real estate market in the first half of 2016, according to the Dubai Land Department's (DLD) transactions report.
Cairo Metro Line 3 work assigned to ETF-ORC-TSO
Egypt’s National Authority for Tunnels (NAT) has assigned the rail work for Cairo’s Metro Line 3 to the ETF-ORC-TSO association, a report said.
Nod for $526m Bahrain market revamp awaited
A project to revamp Bahrain's Manama Central Market at a cost of BD200 million ($526 million) is still awaiting approval, six months after it was suspended pending a major government review.
Work on new $1.2bn Al Ain hospital 32pc complete
Abu Dhabi General Services Company (Musanada) has so far completed 32 per cent of the work on the Dh4.4-billion ($1.20 billion) new Al Ain Hospital.