Construction Industry News

UAE firm SA level signs deal with Dubai World Central for iconic lifestyle project

UAE firm SA level signs deal with Dubai World Central for iconic lifestyle project

6th October 2014

The Founder and President of SA Level LLC, Simon Afram, has signed a Memorandum of Understanding (MoU) with Dubai World Central (DWC) towards the purchase of land for the development of an iconic luxury and lifestyle project which will be located in DWC. SA Level L.L.C, the developer of the project entitled "Level City", is in the process of designing the master plan in collaboration with Dubai based architects.[..]

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Amwaj 2 development at Al Raha Beach Abu Dhabi to be complete by year end

Amwaj 2 development at Al Raha Beach Abu Dhabi to be complete by year end

4th October 2014

Amwaj 2 property development in Al Raha beach in Abu Dhabi will be complete by the end of the year.The project, which is undertaken by Abu Dhabi National Insurance Company (ADNIC) in will be completed in December and ready for occupancy, chief executive officer of the company Walid Sidani said on Wednesday.[..]

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Saudi Electric Co signs power deal worth US$ 682.5 mn to supply power to Riyadh metro

Saudi Electric Co signs power deal worth US$ 682.5 mn to supply power to Riyadh metro

4th October 2014

Saudi Electricity Co has signed contracts worth SR 2.56 billion (US$ 682.5 million) to supply power to the Riyadh metro, which is currently under construction, the Kingdom's state news agency reported on Tuesday. Siemens baut fahrerlose U-Bahn in Riad / Siemens builds driverless metro system in Riyadh

The seven contracts are to build stations and lay cables for the rail system in the Saudi capital. The Saudi Arabian government awarded in July 2013 contracts worth US$ 22.5 billion to three foreign-led consortia for the design and construction of the metro due to be completed in 2019.[..]

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