• Louvre Abu Dhabi in new dome installation milestone


    Tourism Development & Investment Company (TDIC), a master developer of tourism, cultural and residential destinations in Abu Dhabi, UAE, has announced the full installation of the 7,000-tonne dome structure at its Louvre Abu Dhabi museum.

  • Deyaar Q3 net profit nearly doubles


    Dubai's Deyaar Development reported a 94 per cent rise in third-quarter net profit on Wednesday as sales at a newly-launched residential project boosted earnings.

  • Top engineering group in key ME safety milestone


    Irinatech, a leading MEP engineering company in the region, said it has achieved a major safety milestone after clocking one million man-hours without a single lost time incident (LTI) during the period from September 2010 to July 2014.

  • Saudi Arabia to make insulation of buildings mandatory


    Saudi Arabia will soon make it mandatory for residential buildings in 24 major cities across the kingdom to have thermal insulation in a bid to save on rising energy costs, said a report.

  • Abu Dhabi’s real estate market stable in Q3


    Average residential leasing and sales prices in Abu Dhabi, UAE, remained relatively steady in the third quarter with the apartment and villa sales year-on-year still offering returns of 28 and 14 per cent respectively, said a report.

  • Mena spends $300bn on railways and metros


    Rail and metro projects worth a total of $300 billion are under way or being planned in the Middle East and North Africa (Mena) region, said an expert at a key industry summit held in Dubai, UAE.

  • Dar Al Arkan Real Estate targets 10pc growth

    HOMES DEMAND TO RISE 4-FOLD
    Dar Al Arkan Real Estate Development Company, Saudi Arabia's largest listed developer, plans to spend over SR1 billion ($267 million) on projects in 2015 and aims for 10 per cent growth of its business in the year, its chairman said.

  • Saudi builder Khodari's Q3 net profit up 23pc


    Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons has reported a 23.1 per cent rise in its third-quarter net profit in line with analysts' estimates.

  • Egypt eyes illegal buildings for tackling housing crisis


    Egypt plans to offer cheap loans for completing apartments in unfinished buildings thrown up illegally across its cities, hoping to tackle a housing crisis that has helped to topple two presidents since 2011.

  • Aldar to launch new projects in three months

    FIRM TO TARGET MID-INCOME GROUPS
    Abu Dhabi's Aldar Properties will launch a few new projects in the next three to four months, the real estate developer's chief financial officer said on Wednesday.

  • Saudi group to spend $1.6bn on real estate


    Al Anwa, a leading real estate development firm in Saudi Arabia, will be developing a series of hospitality and residential projects across the kingdom at an investment of more than SR6 billion ($1.6 billion) over the next four years.

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Construction News

Louvre Abu Dhabi in new dome installation milestone

Tourism Development & Investment Company (TDIC), a master developer of tourism, cultural and residential destinations in Abu Dhabi, UAE, has announced the full installation of the 7,000-tonne dome structure at its Louvre Abu Dhabi museum....


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    Gulf construction - October 2014


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