Mena region planning $245bn railway projects
DOHA, RIYADH METRO ON TRACK
Railway and metro schemes worth $245 billion are being currently planned in the Middle East and North Africa (Mena) in preparation for mega global events such as the Dubai Expo 2020 and the 2022 FIFA World Cup in Qatar, said experts.
T.Zed unveils The Cocoon at Dubai design expo
UAE-based T.Zed Architects has joined hands with the American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry, to launch 'The Cocoon’, at Downtown Design expo in Dubai, UAE.
Sharjah plans survey on labour housing units
Sharjah government will conduct field surveys on labour housing to get precise information about the current status of existing facilities and services available to workers and to predict future needs, said a report.
Sika Gulf mulls key acquisition to boost growth
Bahrain-based Sika Gulf, a joint venture between Swiss construction materials group Sika and Saudi Sumam Chemicals, aims to double the company's turnover in the next five years by accelerating organic growth and through key acquisitions.
Saudi developer Jabal Omar swings to quarterly profit
Jabal Omar Development, the largest listed real estate group in Saudi Arabia by market capitalisation, has reported a quarterly net profit of SR691 million ($184 million), up from a loss of SR127 million ($33.8 million) last year.
$544m Dubai Water Canal set for November launch
Dubai Water Canal, a Dh2-billion ($544 million) tourist landmark development offering a new lifestyle pattern in the heart of the city, is set to open next month with the work on the mega project nearing completion, said a report.
Terex adds Manlift to Qatar distribution network
Terex, a global manufacturer of lifting and material processing products, has boosted its sales and service local coverage for Genie products in Qatar by adding Manlift Qatar to its existing distributors’ network.
Tamdeen leases 70pc retail space at new Kuwait mall
Tamdeen Group, a leading mixed-use property developer in Kuwait, has reported that 70 per cent of the retail spaces has been leased out at its super-regional shopping destination, Al Kout Mall.
Qatar UDC revenues soar to $356m in Q3
Qatar-based United Development Company (UDC) said its revenues surged to QR1.3 billion ($356 million) in the third quarter, up seven per cent over the same period last year despite the overall challenges affecting the real estate market.
Dubai solar park Phase II construction on track
Shuaa Energy 1, the primary investor and developer for the second phase of the Mohammad bin Rashid Solar Park in Dubai, said it has crossed the 50 per cent threshold for construction of the project.
Oman engineering firm buys first mini-excavators
Oman National Engineering & Investment Company (Oneic) said it has become the first in the sultanate to buy 20 new E20 compact excavators manufactured by Bobcat, a leading brand of farm and construction equipment.
RAK housing project 'a big hit among EU investors'
UAE-based Al Hamra Real Estate said it has received an overwhelming response from European investors for its residential community project with nearly Dh600 million ($163 million) pumped into the development.