• Emaar's nine-month revenue surges 30pc to $4.73bn

    Emaar Properties has recorded a Dh17.39 billion ($4.73 billion) revenue for the first nine months, up 30 per cent over Dh13.351 billion ($3.635 billion) last year, led by the robust growth from its build-to-sale property unit and malls division.

  • Bahrain signs deal for new private aviation terminal

    An agreement to transform Bahrain's Civil Aviation Affairs (CAA) building into a private aviation terminal to cater to VIPs and business leaders was signed today at the Bahrain International Airshow.

  • Cluttons inks major Bahrain project leasing deal

    Cluttons Middle East, a part of Savills Group, has signed a new leasing deal for Fakhro Tower, one of the key commercial office buildings in Manama, that boasts a prime location (opposite Bahrain City Centre Mall) with coastal and city views.

  • Omran, Majid Al Futtaim lay foundation stone for $13bn Muscat project

    Oman Tourism Development Company (Omran) and Majid Al Futtaim recently hosted an official foundation ceremony to further cement their partnership for the OR5-billion ($13 billion) Madinat Al Irfan, Muscat’s new ‘City for the Future’.

  • Nakheel records $1.05bn nine-month net profit

    Leading UAE master developer Nakheel has registered a net profit of Dh3.86 billion ($1.05 billion) for the first nine months compared to the last year's figures of Dh4 billion ($1.08 billion).

  • JPA Design announces big Middle East expansion

    JPA Design, a leader in hospitality and transportation design including hotels, airports and luxury trains, has joined hands with Dubai's boutique interior architecture studio S2 Interiors to launch its operations in the Middle East region.

  • Adnoc awards Tecnicas Reunidas key oilfield EPC deal

    The Abu Dhabi National Oil Company (Adnoc) has awarded an engineering, procurement and construction (EPC) contract to Tecnicas Reunidas SA for the Bu Hasa oil field upgrade and expansion project.

  • Nakheel to showcase $16bn Dubai projects at London expo

    Leading master developer Nakheel is heading back to Britain to showcase a plethora of real estate projects - collectively worth Dh58 billion ($15.7 billion) - at the Dubai Property Show at London Olympia.

  • UAE leads MEA hotel room construction pipeline

    The UAE topped the Middle East and Africa (MEA) region's list for the largest number of rooms under construction in October, which totalled 54,371 rooms, around 33.5 per cent of the existing supply, according to a new report.

  • Emaar Development's Q3 net profit surges 19pc

    UAE-based Emaar Development has recorded a 19 per cent jump in its net profit for the first nine months of 2018 which surged to Dh2.49 billion ($680 million) compared to Dh2.11 billion ($573 million) during the same period last year.

  • Drake & Scull posts $135m Q3 net loss

    Drake & Scull International, a regional leader in engineering and construction services, said it has incurred a net loss of Dh498 million ($135 million) for the third quarter mainly hit by a portfolio of legacy projects.

  • Main concrete works completed for UAE N-energy plant

    Emirates Nuclear Energy Corporation (Enec) said it has achieved a key construction milestone with the completion of all main concrete works and heavy equipment lifting for the four nuclear reactor units of the Barakah plant in Abu Dhabi.

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Construction News

Emaar's nine-month revenue surges 30pc to $4.73bn

Emaar Properties has recorded a Dh17.39 billion ($4.73 billion) revenue for the first nine months, up 30 per cent over Dh13.351 billion ($3.635 billion) last year, led by the robust growth from its build-to-sale property unit and malls division....

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Gulf construction - January 2018

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