• Dubai Airport installs region's largest solar energy system

    15,000 PV PANELS AT TERMINAL 2
    Dubai Airports (DXB) has joined forces with Etihad Esco for the installation of a solar energy system comprising 15,000 photovoltaic (PV) panels at Dubai International’s Terminal 2 – the largest at any airport in the region.

  • ADFD's overseas projects funding soars to $25bn


    Abu Dhabi Fund for Development (ADFD), a leading Emirati national entity for international development aid, has announced that it has allocated about Dh92 billion ($25 billion) in development funding and investments to 90 beneficiary countries.

  • Utico to buy 88pc stake in Singapore’s Hyflux for $394m

    SEPARATE LISTED COMPANY
    UAE-based utility firm Utico said it has reached an agreement with top Singaporean group Hyflux to buy an 88 per cent stake in the company for S$535 million ($394 million), thus setting the stage for the company's restructuring.

  • Edamah to start work on multi-storey car park in Bahrain


    Bahrain Real Estate Investment (Edamah) said work will soon start on a new 5,700-sq-m multi-storey car park at the Salmaniya Medical Complex (SMC) in Manama. Once completed, the facility will be able to accommodate up to 600 vehicles.

  • Aldar launches special prime property payment plans


    UAE-based Aldar Properties has unveiled a special offer for its customers to make it easy for them to buy their dream homes in Abu Dhabi with a full waiver of registration fees and attractive payment schedules on six of its premium developments.

  • UAE’s real estate market to stabilise in 2020, says JLL


    While most sectors across the UAE’s real estate market remained challenged during the first half, various government initiatives launched recently are expected to boost sentiment and drive demand over the coming months, said a real estate expert.

  • Riyadh's office market likely to pick up pace in Q2


    The office market in the Saudi capital Riyadh was subdued in Q1, but is expected to pick up from the next quarter following government initiatives to promote participation and investment of the private sector in the country’s economy, said a report.

  • Workspace to focus on wellness and sustainability


    The 19th edition of Workspace, a leading event for interior design, furniture and products for workspaces, will take place as part of Middle East Design and Hospitality Week 2019 from September 17 to 19 at Dubai World Trade Centre.

  • Mena needs $209bn in power spend over 5 years, says study

    RENEWABLE ENERGY PRIME FOCUS
    The Middle East and North Africa (Mena) region will need to pump in $209 billion investments into the power sector over the next five years to meet rising demand driven by rapid economic growth, industrialisation and population boom, said a report.

  • Abu Dhabi real estate market outlook positive: study


    The UAE’s new freehold law coupled with the introduction of a 10-year residency visa are expected to strengthen many areas of the economy, particularly the real estate sector, said global real estate firm Chestertons in a new report.

  • Abu Dhabi Q1 industrial production index up 16.6pc


    Abu Dhabi’s Industrial Production Index rose by 16.6 per cent in the first quarter (Q1) of 2019, compared to the same period in 2018, rising from 122.3 per cent to 142.5 per cent during the monitoring period, a media report said.

  • Dubai building transport system for 25m Expo 2020 visitors

    OVER $800m FOR ROADS PROJECT
    Dubai is currently building an advanced transport system through several projects to serve the expected 25 million visitors of the six-month-long Expo 2020 Dubai, whose site is designed to accommodate 300,000 people at the same time.

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Construction News

Dubai Airport installs region's largest solar energy system

Dubai Airports (DXB) has joined forces with Etihad Esco for the installation of a solar energy system comprising 15,000 photovoltaic (PV) panels at Dubai International’s Terminal 2 – the largest at any airport in the region....



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