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.[..]
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.[..]
Construction to commence soon on 5,700sqm multi-storey car park in Manama
19th July 2019
According to *ME Construction News report, construction works on a new 5,700sqm multi-storey car park at the Salmaniya Medical Complex (SMC) in Manama, Bahrain is slated to begin soon, according to the Bahrain Real Estate Investment (Edamah). The facility will accommodate up to 600 vehicles.[..]
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).[..]
Establishment of UAE's spaceport to hinge on number of key criteria being met
19th July 2019
According to *Arabian Business news report, plans to establish a spaceport in the UAE will hinge on a number of key criteria being met, according to the chairman of the UAE Space Agency, Dr Ahmad Al Falasi.[..]
IACAD, DHA awarded US$ 10 mn Zayed Dialysis Centre project contract
19th July 2019
According to *ME Construction News report, The Islamic Affairs and Charitable Activities Department in Dubai (IACAD) in cooperation with the Dubai Health Authority (DHA) has announced that they have awarded a $10 million contract to build the Zayed Dialysis Centre.[..]
Saudi Arabia inaugurates six water projects worth US$ 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.[..]
Emaar Properties plans to build its first 3D printed home in Dubai
18th July 2019
According to *Arabian Business news report, real estate developer Emaar Properties has announced plans to build its first 3D printed home in Dubai.[..]
Net profit at Saudi Arabia's Arriyadh Development Company declined by 11% in H1 2019
18th July 2019
According to *Constructionweekonline news report, net profit at Saudi Arabia's Arriyadh Development Company declined by 11% during the first six months of 2019, driven in part by lower rental incomes, the developer’s half-year financial results filed on Saudi bourse Tadawul have revealed.[..]