• Dubai launches giant desert conservation reserve

    OBSERVATION DECKS, OPEN THEATRE
    Dubai has embarked on plans to build the country's largest sustainable environment, tourism and recreational project - Marmoom Reserve. It will also be the first unfenced desert conservation reserve in the UAE, said a report.

  • Deyaar's revenue surges 75pc in 2017


    Deyaar Development, one of Dubai’s leading real estate service providers, has reported revenues of Dh751.6 million ($205 million) for 2017, up 75 per cent over Dh428.3 million the previous year.

  • Saudi Al Rajhi REIT fund raises $197m in IPO


    Al Rajhi Capital, one of the leading providers of financial services in Saudi Arabia, said it had successfully closed the initial public offering of its REIT (real estate investment trust) fund raising SR740 million ($197.2 million).

  • ECA inks co-op deal on Saudi economic cities


    Saudi-based Economic Cities Authority (ECA) has signed an agreement with Abu Dhabi's future energy company Masdar to boost cooperation and knowledge exchange between the two parties in planning future sustainable cities.

  • Masdar, Bee’ah win funding for Sharjah WTE project


    Abu Dhabi Future Energy Company Masdar and leading environmental management company Bee’ah said they have secured financing commitments for their flagship multi-fuel waste-to-energy (WTE) project to be set up in Sharjah.

  • Nakheel unveils new recreation club at Warsan Village


    Construction is underway on a new Dh10 million ($2.7 million) dining, sports and leisure hub at Nakheel’s Warsan Village villa community in Dubai, the master developer said today.

  • Emerson opens $25m technology centre in Dhahran


    US-based Emerson, a global technology and engineering company, today (January 17) inaugurated its new technology and innovation centre, worth SR94 million ($25 million), at Dhahran Techno Valley, in Dhahran, Saudi Arabia.

  • Kingdom Holding inks Jeddah tower infrastructure deal

    170-STOREY SUPER SKYSCRAPER
    Saudi-based Kingdom Holding said it has signed infrastructure contracts worth SR620 million ($167 million) for its 170-storey super skyscraper - Jeddah Tower - and also Jeddah Economic City. The work is due to be completed within a year.

  • UD Trucks registers robust sales in 2017


    Japanese truck manufacturer UD Trucks, which is wholly owned by Volvo Group, is marking one of its best performing years in the region, with a 50 per cent sales increase in Saudi Arabia and two-fold growth in Bahrain.

  • Cavendish Maxwell in key Souq Extra unit sale deal


    Property consultant Cavendish Maxwell said it has played a major role as advisor to the UAE-based Souq Extra in the sale of its community retail centre at Dubai Silicon Oasis (DSO) for Dh210 million ($57 million).

  • Oman to launch $1bn infrastructure fund


    Oman’s sovereign wealth fund is planning to start a $1 billion infrastructure fund to boost investment in projects including the Gulf state’s road, transport and energy systems, said a report, citing people familiar with the matter.

  • Sun Infosys secures Al Nuaimi ERP contract


    Sun Infosys Technologies said it has secured a major contract from Al Nuaimi Group, a leading construction conglomerate in the UAE, to deploy its eresource Nfra enterprise resource planning (ERP) system.

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Dubai launches giant desert conservation reserve

Dubai has embarked on plans to build the country's largest sustainable environment, tourism and recreational project - Marmoom Reserve. It will also be the first unfenced desert conservation reserve in the UAE, said a report....



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