• NBC sells 60pc of Dubai Motor City Phase III units


    National Bonds Corporation, a leading investment company in the UAE, said its real estate arm has sold 60 per cent of the third phase of Motor City Green Community project coming up in Dubai, UAE, within three days of its launch.

  • GE wins 50MW Egypt solar plant contract


    Global technology giant GE has been awarded a full turnkey contract by the Egyptian government to build a 50MW solar power plant in the country. Upon completion, it will be able to power 15,000 local homes.

  • Egypt, Singapore firm in deal to set up new industrial city


    Egypt's Industrial Development Authority (IDA) and the Singapore Holding Company (SECC) have signed a memorandum of understanding (MoU) to establish an integrated industrial city in Fayoum governorate on an area of 33 million sq m.

  • DXB Entertainments gets $67m shareholder loan


    DXB Entertainments, a key provider of leisure and entertainment experiences, has reached an agreement with its majority shareholder, Meraas, a leading UAE developer, for a subordinated shareholder loan of Dh245 million ($67 million).

  • KAEC, Nesma sign deal to develop Industrial Valley


    Saudi Arabia's King Abdullah Economic City (KAEC) has signed an agreement worth more than SR80 million ($21 million) with Nesma Water & Energy to develop the third phase-C of the Industrial Valley (IV).

  • ECC signs up Instinctif Partners as media partner


    Engineering Contracting Company (ECC), one of the leading contracting companies in the region, has appointed Instinctif Partners as its new business communications agency for the Middle East region.

  • UAE's Visionscape acquires Belgian group's assets


    Visionscape Group, a leading UAE-based environmental utility company has announced the completion of the purchase of the business and assets of Belgian recycling plant leader Soreplastic.

  • Euro Auctions in debut Dubai sale success


    Euro Auctions, a leading international auctioneer of construction machinery and agricultural equipment, recently held its first-ever sale at the company's new permanent site in Dubai, UAE drawing the best of regional bidders.

  • EDB launches new housing loan scheme for UAE nationals


    The Emirates Development Bank (EDB) has launched a new finance scheme under which UAE nationals will get a supplementary loan of Dh3 million ($816,616) and another loan to buy a house worth Dh5 million ($1.36 million).

  • Al Thuriah set to launch new tower in Sharjah


    UAE-based Al Thuriah Properties, a premier developer specialising in high-rise residential towers and communities, has announced plans to launch a new tower in Sharjah early next year.

  • Asteco leasing agent for Dubai mixed-use tower


    Asteco, one of the region’s leading real estate firms, has been appointed exclusive leasing agent for Duja Tower (meaning 'just before dawn'), a unique building owned by Nasser Lootah Real Estate in the heart of Dubai’s business district.

  • $72bn hospitality projects under way in UAE


    A total of 543 hospitality projects worth Dh262.77 billion ($72 billion) are currently under way across the UAE, thus reflecting the vibrancy of the leisure, tourism and the entertainment sectors, said a report.

Building & Construction Window


Construction News

NBC sells 60pc of Dubai Motor City Phase III units

National Bonds Corporation, a leading investment company in the UAE, said its real estate arm has sold 60 per cent of the third phase of Motor City Green Community project coming up in Dubai, UAE, within three days of its launch....



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Gulf construction - September 2017


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