GCC construction outlook bright despite spending cuts
The outlook for construction companies in the GCC is set to improve in 2017, as the region still offers significant opportunities for construction companies despite the slowdown in project spending, said a report.
$544m Expo 2020 Dubai deals to be awarded to SMEs
BACKING FOR REGIONAL FIRMS
Expo 2020 Dubai is committed to supporting the small and medium enterprises (SMEs) across the region as part of its plans for a long lasting economic legacy with construction contracts worth more than Dh2 billion ($544 million) to be awarded to the sector
Petrofac lands new $70m EPC contracts in Iraq
Petrofac, a global oil and gas facilities service provider, said it has secured a series of engineering, operations and maintenance service contracts worth more than $70 million in Iraq.
UAE developer launches Bahwan Tower for sale
UAE-based developer Utmost Properties - a part of the Suhail Bahwan Group - has launched for sale its first freehold residential project, the 132-unit Bahwan Tower, located off Burj Khalifa Boulevard in Dubai.
Saudi developers going virtual to woo investors
Saudi developers have started using innovative methods such as virtual reality technology to market their projects as it gives potential buyers an opportunity to tour the project and explore all the details quickly and easily, said experts.
Airolink wins $760m construction contracts in Q1
Airolink, a leading UAE-based design-and-build construction conglomerate, said it has won new project contracts worth Dh2.8 billion ($760 million) across the region during the first quarter.
Al Shirawi FM wins Dubai Esco accreditation
Al Shirawi FM, a UAE-based integrated facilities management services provider, said it has been accredited by the Dubai government’s regulatory and supervisory bureau for electricity and water as an energy services company (Esco).
Dewa switches to smart power plants system
Dubai Electricity and Water Authority (Dewa) has transformed all its independently-operating power stations into a network of smart-grid-enabled power plants, said its top official.
Dubai to start work on $218m road project
Dubai's Roads and Transport Authority (RTA) is set to start work on a major project linking Jumeirah district with Al Khail Road and the Parallel Roads at a cost of Dh800 million ($218 million). It is due to be completed in the first quarter of 2019.
UAE management consultants body names chairman
The board of the UAE Association for Management Consultants and Trainers (AMCT) has elected Dr Ali Sebaa Al Marri, the executive president of Mohammed Bin Rashid School of Government (MBRSG), as its new chairman.
Bahrain Disability Complex work in full swing
Work is progressing at a steady pace on the Comprehensive Disability Complex, a BD7.41-million ($19.5 million) project coming up in A’Ali area of Bahrain, with 65 per cent project already completed.
Egypt Property Show to kick off in Dubai next month
Egypt Property Show (EPS), the first real estate global roadshow featuring premium projects from country's top developers, will kick off in Dubai next month.