Construction Industry News

Liebherr Cran to place top of Jeddah Kingdom Tower

Liebherr Cran to place top of Jeddah Kingdom Tower

1st December 2014

Liebherr is to supply the crane that will place the top onto Saudi Arabia’s Kingdom Tower. In total, the German construction equipment manufacturer will provide four tower cranes to facilitate construction on the Jeddah giant, which at over 1,000 meter, will be the world’s tallest building on completion.[..]

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Moody's raises rating for Aldar Properties to investment grade

Moody's raises rating for Aldar Properties to investment grade

28th November 2014

ldar Properties PJSC’s (‘Aldar’ or the ‘Company’ ADX: ALDAR) credit rating has been upgraded to investment grade by Moody's Investors Service (‘Moody’s’), citing the reduction of its financial leverage and development risk, and the increase in recurring rental income following the opening of Yas Mall and other investment properties, according to a press release by the company.[..]

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