Abu Dhabi starts work on $178m motorway project
Abu Dhabi General Services Company (Musanada) said it has started work on the Dh653 million ($178 million) Madinat Zayed - Al Marfa motorway project. The 50-km-long road is likely to be completed by the first quarter of 2019.
Bahrain bank Ibdar buys $78m US prime property
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, said it has acquired a $78 million multi-family housing property at Montgomery county in Maryland, US.
UAE developer launches $44m villa project in Bosnia
UAE-based Green Valley International Real Estate has announced the launch of Salam City, a mixed-use project featuring 300 luxury villas and a four-star hotel with other key amenities, on a 134,000-sq-m-area at Sarajevo in Bosnia.
Gulf Property Show set to create new records
Gulf Property Show, the region's boutique showcase for real estate and property developments which kicks off in Bahrain next year, is set to be a record show with already 75 per cent of the exhibition spaces sold, said the event organisers.
Dewa scoops 9 awards at US Ideas America
Dubai Electricity and Water Authority (Dewa) said it has won nine awards at the Ideas America international competition held recently in Georgia, US for its outstanding, creative and innovative ideas.
Bahrain’s EDB backs top property show
Bahrain’ s Economic Development Board (EDB) has announced its Diamond sponsorship of Bahrain International Property Exhibition (Bipex) 2016, taking place from November 3 to 5.
Work set to start on Sebacic plant in Duqm
Work is expected to start on the RO24-million ($62.37 million) Sebacic Oman Factory at the Special Economic Zone of Duqm (SEZD) this week.
Masdar inks deal for giant solar plant in Jordan
Top UAE renewable energy company Masdar said it has signed a key agreement with the Jordanian government to set up the country's largest solar power plant, a 200-megawatt (MW) project, near the capital Amman.
Dubai forum to discuss future needs of nation, cities
Leading experts in the field of sustainable project management will discuss the future needs of nation and cities including the key education, health, transport infrastructure and water resources sectors at an upcoming summit in Dubai, UAE.
Bahrain works ministry names new panel chief
Bahrain's Ministry of Works, Municipalities Affairs & Urban Planning has appointed Asma Murad, the sanitary engineering assistant undersecretary, as the new chairman of the Equal Opportunities Committee at the Works Affairs.
Forum puts spotlight on latest glass industry trends
Leading global experts from the glass industry along with senior architects and consultants discussed the latest glass processing techniques, the global standards on fire glazing and regulations in the UAE, at a key forum held in Dubai.
Dar Al Arkan net profit up 21pc in Q3
Dar Al Arkan, one of Saudi Arabia's largest property developers, has posted a 21 per cent jump in its third-quarter net profit which hit SR113 million ($30 million) owing to higher revenues from property sales and lower operating costs.