Construction Industry News

Marakkesh hospital to be completed by Q4, 2014

Marakkesh hospital to be completed by Q4, 2014

10th November 2014

Tasweek Real Estate Marketing and Development has announced that the US$ 40 million 160-bed private hospital forming part of the Marrakesh Healthcare City (MHC) development in Morocco’s third largest city will be completed by Q4 of this year and commence operations by the first half of 2015.[..]

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New Saudi strategy has helped cut stalled projects by 13 percent

New Saudi strategy has helped cut stalled projects by 13 percent

7th November 2014

Saudi Arabia has slashed the number of held-up projects in the kingdom by 13 per cent, thanks to a new strategy, a report said. The Ministry of Municipal and Rural Affairs has developed a geographic information system (GIS) to monitor the progress of the delayed projects, the Arab News report quoted a source at the ministry. Out of a total of 7,929 projects approved during the past seven years, 4,476 were completed, and 1,694 are on schedule, the report said.[..]

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KBR wins FEED contract for Petrokemya Plant in Jubail

KBR wins FEED contract for Petrokemya Plant in Jubail

7th November 2014

KBR, a global engineering, construction and services company, has won a front-end engineering design (Feed) contract from Saudi Basic Industries Corporation (Sabic) for the debottlenecking and expansion of its Petrokemya butadiene extraction plant in Jubail, Saudi Arabia.[..]

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Increasing construction activity drives aluminium companies' expansion in the GCC

Increasing construction activity drives aluminium companies' expansion in the GCC

7th November 2014

Emirates Extrusion Factory, EEF, an aluminium extrusion company in UAE, and White Aluminium Extrusion, a producer in the aluminium and glazing sector, both subsidiaries of Masharie LLC, the private equity arm of Dubai Investments, have announced aggressive expansion plans amidst surging demand for aluminium products as construction activities intensify across the UAE and the region.[..]

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Yas Mall to open its doors to the public on 19th November

Yas Mall to open its doors to the public on 19th November

6th November 2014

Aldar’s flagship retail development, Yas Mall will open on 19th November 2014, bringing a brand new shopping, dining and entertainment experience to the region and adding to the iconic attractions on Yas Island, Abu Dhabi’s leisure and entertainment destination, according to a press release by the company.[..]

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Dubai Tram - Stations to offer Naming Rights

Dubai Tram - Stations to offer Naming Rights

6th November 2014

Naming rights for some of the 11 stations along the Dubai’s new tramway will be on offer for perspective buyers, according to RTA officials. Speaking at a Dubai RTA Tram conference, Abdul Mohsin Ibrahim Younes, CEO of RTA Strategy and Corporate Governance Sector, told reporters that naming rights for stations will be available, but the RTA has yet to decide which ones.[..]

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