• UAE mulls Fujairah-Mumbai subsea tunnel project

    BULLET TRAINS AT 1,000kmph
    The UAE’s National Advisor Bureau has announced its latest futuristic project which aims to connect the UAE and other GCC states for the first time with Mumbai, India, via a subsea tunnel and an ultra high speed 1,000 km/hour subsea railway line.

  • Kuwait, China in deal to build $82bn Silk City project

    Kuwait and China have signed a deal to develop the KD25-billion ($82.2 billion) Madinat Al Hareer (Silk City) - which will boast a key tower, a nature reserve, a new airport and a large business centre - and five other islands, said a report.

  • Union Coop to float tenders for UAQ mixed-use project

    Union Coop said it will be floating tenders in July for the 191,742-sq- ft Umm Al Quwain Coop Project, a mixed-use development coming up in the northern emirate that will boast several retail units, a hypermarket and 70 residential apartments.

  • Spain unveils Expo 2020 Dubai pavilion design

    Spain has unveiled the design for its Expo 2020 Dubai pavilion, portraying sustainability as the central theme and putting the spotlight on efficiency, energy saving and resource management in its making besides the special Spanish flair.

  • Alstom to unveil latest technologies at Middle East Rail

    Alstom, a global leader in power generation and rail infrastructure sector, will be showcasing its breakthrough technologies such as TrainTracer, Healthhub, and Iconis Security at the upcoming Middle East Rail 2019 expo in Dubai.

  • DIRC residential project set for December completion

    Dubai Investments Real Estate Company (DIRC) has announced that 25 per cent of the work has been completed at its new residential tower coming up within the 38,917-sq-ft Al Barsha 1 development and is on track for completion this December.

  • Senaat, Spanish group in deal to set up tubular products JV

    Leading UAE industrial investment company Senaat said it has reached an agreement with Spanish group Tubacex to set up a new joint venture that will manufacture stainless steel and high-alloyed tubular products (tubes and accessories).

  • ENBD REIT announces share buy-back programme

    ENBD REIT, a UAE-based shari’a-compliant real estate investment trust, has announced plans to introduce a share buy-back programme, as part of its strategy to add value to shareholders holding equity at the current discounted share price level.

  • Property prices in Dubai set to plunge in 2019

    After peaking in second half of 2014, Dubai residential property prices have been declining over the past few years and are approaching levels last seen at the nadir of the 2009-2010 property crash, according to global ratings agency S&P.

  • Saudi Jabal Omar's 2018 revenue surges 245pc

    Saudi-based Jabal Omar Development Company has registered a 245 per cent growth in its revenue for 2018 which soared to SR1.96 billion ($521 million) from the previous year's figure of SR568.83 million ($151.4 million).

  • Saudi cement demand likely to drop in 2019

    Saudi Arabia's cement industry continues to remain under pressure for the third consecutive year, with the local sales volume registering a 13 per cent drop in 2018 compared to the figures of the previous year, said a new report.

  • Imkan launches sale of AlJurf Gardens properties

    UAE developer Imkan has launched the sales of its properties at AlJurf Gardens, a pristine coastal destination located between Abu Dhabi and Dubai featuring 293 residential villas and land plots. The project is scheduled for completion in 2021.

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Construction News

UAE mulls Fujairah-Mumbai subsea tunnel project

The UAE’s National Advisor Bureau has announced its latest futuristic project which aims to connect the UAE and other GCC states for the first time with Mumbai, India, via a subsea tunnel and an ultra high speed 1,000 km/hour subsea railway line....

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