• Sohar Freezone, RFX sign development pact


    Sohar Port and Freezone together with RFX Industrial parks have recently signed a development agreement encompassing 58 hectares within the Sohar Freezone, a media report said.

  • $76.5m Mohamed bin Zayed City roads project ready


    Abu Dhabi General Services Company (Musanada) has announced the completion of 'Z35 Roads and Infrastructure Project’ valued at Dh280.7 million ($76.5 million) at Mohamed bin Zayed City, a media report said.

  • RAK Properties signs $136m deal for villas project


    RAK Properties, one of the UAE’s leading property developers, has signed a construction, infrastructure and landscape work contract with Al Ali Construction & Development for its Dh500-million ($136 million) villas project.

  • World’s tallest Ferris wheel to be ready by Dubai Expo 2020

    VITAL SPOKE CABLES INSTALLED
    UAE developer Meraas has confirmed that its ambitious project, Ain Dubai, coming up in its Bluewaters island, will be completed in time for Expo 2020 Dubai gala. Standing at 250-m high, it is set to become the world's tallest observation wheel.

  • Emirates REIT posts 15.3pc income growth in 2018


    Emirates REIT, the world's largest Shari'a-compliant REIT, has recorded a year-on-year total property income growth of 15.3 per cent for one year ending December 31, 2018 to $69.9 million, said Equitativa.

  • Grohe launches new ceramic bathroom line-up


    Germany-based Grohe, a leading global brand for complete bathroom solutions and kitchen fittings, has launched a new line of ceramic bathroom products.

  • Eagle Hills Diyar unveils latest developments at Gulf Property Show


    Property developer Eagle Hills Diyar has returned to participate in the 2019 edition of Gulf Property Show, being held at the Bahrain Exhibition Centre from April 23-25, to showcase the different properties available within its Marassi Al Bahrain project.

  • Saudi's Qassim Cement Q1 profit hits $15m


    Saudi-based Qassim Cement has registered a net profit of SR56 million ($15 million) for the first quarter, mainly driven by higher-than-expected selling prices for its cement products.

  • Dar Al Arkan set to redeem $400m Islamic bond


    Saudi Arabia’s Dar Al Arkan Real Estate Development Company aims to redeem its $400-million sukuk (Islamic bond) by using internal cash reserves, the developer said in a statement.

  • Saudi group eyes Fannie Mae-style $1.1bn sukuk sale

    HOME LOAN PORTFOLIO BOOST
    Saudi Real Estate Refinance Company (SRC) is planning to issue long-term sukuk worth SR4 billion ($1.1 billion) being modelled on the lines of US mortgage finance firm Fannie Mae, said a report, citing its top official.

  • Dubai Investments releases 279 affordable homes


    Dubai Investments, a leading diversified investment company, has released 279 residential units within three buildings, in a mixture of studio, one and two-bed apartments at Al Multaqa Avenue, Mirdif Hills in Dubai.

  • Procurement Middle East opens in Bahrain


    Procurement Middle East 2019 conference and exhibition, with a focus this year on digitalisation, opened yesterday (April 23) in Bahrain featuring over 20 high-profile speakers.

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Construction News

Sohar Freezone, RFX sign development pact

Sohar Port and Freezone together with RFX Industrial parks have recently signed a development agreement encompassing 58 hectares within the Sohar Freezone, a media report said....



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