Construction Industry News

Alba inspects final stage of Line 6 Expansion project

Alba inspects final stage of Line 6 Expansion project

22nd July 2019

According to *Constructionweekonline news report, Senior members from Aluminium Bahrain (Alba) have conducted an inspection of the final stage of the Line 6 Expansion project, one of the biggest brownfield developments in the kingdom.[..]

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Average sales prices and rents softens in Dubai in Q2 2019

Average sales prices and rents softens in Dubai in Q2 2019

19th July 2019

According to *Tradearabia news report, average sales prices and rents softened across most communities in Dubai in the second quarter. However, compared to last year, the average rate of price decline has slowed with apartment prices falling 15.1 per cent and villa/townhouse prices down 14.7 per cent, stated Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East.[..]

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Drake and Scull International replaces its CFO

Drake and Scull International replaces its CFO

19th July 2019

According to *Arabian Business news report, embattled Dubai-based contractor Drake and Scull International (DSI) has replaced its chief financial officer, according to a statement filed to the Dubai Financial Market (DFM).[..]

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Saudi Arabia inaugurates six water projects worth US$ 826 mn

Saudi Arabia inaugurates six water projects worth US$ 826 mn

19th July 2019

According to *Constructionweekonline news report, six water projects jointly developed by Saline Water Conversion Corporation (SWCC), National Water Company (NWC), and Saudi Water Partnership Company (SWPC) – all valued at $826m (SAR3.1bn) – were inaugurated in Saudi Arabia by Governor of Makkah Province and Chairman of the Central Hajj Committee, Prince Khaled Al-Faisal, to serve Umrah and Hajj pilgrims in Makkah.[..]

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