Empower awards contract over US$ 27.2 mn to extend network in Dubai Production City
22nd July 2019
According to *Constructionweekonline news report, Emirates Central Cooling Systems Corporation (Empower) has awarded contracts worth more than $27.2m (AED100m) to extend its 10km network and connect various plants in Dubai Production City, a free zone serving media production companies in the UAE emirate. [..]
Deyaar Development nears completion of two community projects in Dubai
22nd July 2019
According to *Tradearabia news report, UAE-based Deyaar Development said work is nearing completion on two of its prime family-friendly community projects - Afnan and Dania - within its Midtown community development in Dubai and is set for delivery later this year.[..]
LTHE wins US$ 1.01 bn oil contract from Saudi Aramco
22nd July 2019
According to *Arabian Business news report, Mumbai-based L&T Hydrocarbon Engineering Limited (LTHE), a subsidiary of Larsen & Toubro (L&T), has won a $1.01 billion contract from Saudi Aramco for its key oil field development project in Marjan.[..]
Kuwait's real estate sales value hits US$ 6.1 bn in H1 2019
22nd July 2019
According to *Tradearabia news report, Kuwait's real estate sales value for the first six months surged to hit KD1.88 billion ($6.1 billion) on the back of 3,539 transactions compared to 2,973 deals last year, said a report by Kuwait International Bank (KIB).[..]
South Africa allocates US$ 547 mn for water projects
22nd July 2019
According to *Constructionreviewonline news report, South Africa through the Department of Water and Sanitation has allocated US $547m to JS Moroka Local Municipality to address water shortages in Mpumalanga.[..]
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).[..]