• Omani contractor Galfar’s Q1 profit down on weak revenues


    Oman's Galfar Engineering & Contracting Company said its consolidated net profit fell to RO465,000 ($1.2 million) in the first quarter from RO1.448 million ($3.75 million) last year mainly because of the lower revenues recorded by the company.

  • Emaar breaks ground on premium gated villa community

    HAPPY FAMILY DESTINATION
    Emaar Development has broken ground on Arabian Ranches III, the newest phase of the premium gated villa community, which boasts key amenities such as a 30,000-sq-m central park, sports courts, kids splash pads besides adventure and retail zones.

  • Kuwait's Kipco names new group treasurer


    Kuwait Projects Company (Kipco) said it has appointed Eric Schumacher, an industry veteran with nearly 30 years of experience in corporate and investment banking, as its new group treasurer.

  • Saudi Arabia awards $13.3bn project contracts in Q1

    ENERGY, UTILITY TOP SECTORS
    Saudi Arabia's construction industry witnessed a strong uptick during the first quarter on the back of SR48.9 billion ($13.3 billion) worth of awarded contracts mainly in the oil and gas, water and transportation sectors, said a report.

  • Chinese manufacturing group eyes $10bn Abu Dhabi projects


    Chinese manufacturing major East Hope Group said it is working with Khalifa Industrial Zone Abu Dhabi (Kizad) on the feasibility of setting up development projects worth over $10 billion within the Abu Dhabi’s prime industrial hub.

  • Dubai completes 90pc of Tripoli Street Improvement work

    OPENING LIKELY NEXT MONTH
    Dubai's Roads and Transport Authority (RTA) had announced that 90 per cent of the work on Tripoli Street Improvement Project had been completed and the 12-km street was expected to open to the public next month.

  • Bahrain launches property seller/broker contract


    Bahrain's Real Estate Regulatory Authority (Rera) has launched a property seller/broker contract in a bid to improve the efficiency, effectiveness and transparency of the real estate sector.

  • Arabtec wins $60m India residential tower project


    Arabtec, a leading UAE contractor for social and economic infrastructure, said it has won a Dh219-million ($60 million) order from India's Raheja Developers for the construction of a 42-storey residential tower in capital Delhi.

  • Egypt opens world’s widest suspension bridge


    Egypt has announced the opening of the world’s widest suspension bridge, across the Nile, just north of central Cairo. At its widest, the bridge has six traffic lanes in each direction and measures 67.3 m across, said a report.

  • Bahrain invites bids for Al Quds Road beautification


    Bahraini authorities have invited tenders from leading contractors for beautification of the Al Quds Road in capital Manama besides landscaping and irrigation networks and also its maintenance for a one-year period.

  • Shurooq, Besix start work on Sharjah's first water reuse plant


    The Sharjah Investment and Development Authority (Shurooq) has joined hands with Besix Group to start work on a major water recycling plant in the Al Saja'a industrial area of Sharjah.

  • Rashid Hospital’s lab expansion complete


    The Dubai Health Authority (DHA) has completed the renovation and expansion of the Rashid Hospital trauma centre laboratory, pathology and genetics department.

Building & Construction Window


Construction News

Omani contractor Galfar’s Q1 profit down on weak revenues

Oman's Galfar Engineering & Contracting Company said its consolidated net profit fell to RO465,000 ($1.2 million) in the first quarter from RO1.448 million ($3.75 million) last year mainly because of the lower revenues recorded by the company....



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