Construction Industry News

UK hotel brand Premier Inn announces GCC expansion plans over next three years

UK hotel brand Premier Inn announces GCC expansion plans over next three years

30th July 2014

UK-based economy hotel brand Premier Inn has revealed plans to open 30 properties in the Gulf region by 2020 as it looks to fill a gap in a market dominated by luxury accommodation. Its future plans include opening of big hotel projects such as the  372-key Premier Inn Ibn Battuta Mall, the 200-room Premier Inn Al Maktoum International Airport, the 215-key Premier Inn Dubai Healthcare City, and the 300-room Premier Inn Al Jadaf, according to reports in Hotelnewsnow.com.[..]

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Abu Dhabi approves US$ 544.4 mn worth housing loans for citizens

28th July 2014

According to news reports, a news that is likely to provide a shot in the arm for the Abu Dhabi residential construction and real estate sectors came in the announcement by the Abu Dhabi’s Crown Prince, Sheikh Mohamed. The Crown prince has approved US$ 544.5 million worth of new housing loans for 1,000 citizens in the Emirate of Abu Dhabi.[..]

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New Contractors appointed for Sidra Project by Qatar Foundation

New Contractors appointed for Sidra Project by Qatar Foundation

27th July 2014

Following the termination of the contract with OHL International and Contrak Cyprus, Qatar Foundation for Education, Science and Community Development announced that the Sidra Medical and Research Centre project would now be completed by newly appointed contractors Midmac and Consolidated Contractors Group (CCC) as a joint venture.[..]

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Systra wins US$ 73.6 mn Jeddah Metro design contract

Systra wins US$ 73.6 mn Jeddah Metro design contract

26th July 2014

French consultancy firm Systra has won a US$ 73.6 million (SR 276 million) contract to provide preliminary engineering designs for the Jeddah Metro project. The company will look at all the past plans for the project and will be given 20 months to develop a new design, according to local news reports.[..]

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King Khalid International airport, Riyadh MEP contract worth US$ 109 mn awarded to Akfa Contracting

King Khalid International airport, Riyadh MEP contract worth US$ 109 mn awarded to Akfa Contracting

26th July 2014

The US$ 109 million (SR 408.8 million) contract for the MEP works on Terminal 5 of the Riyadh King Khalid International Airport has been awarded to Turkey based Akfa Contracting, according to Construction Week Online.The estimated date of completion is between May and June 2015 as per the terms of the contract, which is to be undertaken as a joint venture between main contractors TAV and ACC on the 120,000 square meter project.[..]

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KSA launches US$ 55 mn housing project in Madinah

KSA launches US$ 55 mn housing project in Madinah

24th July 2014

As per reports in the Arab news, a Saudi daily, Madinah Gov. Prince Faisal bin Salman launched a massive real estate project here Tuesday, which is estimated to cost SR 55 billion.The project, comprising 100 residential towers with four-star to five-star hotels, will accommodate more than 120,000 people. The state-owned Public Investment Fund is financing the project.[..]

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Construction begins on East Hidd project

Construction begins on East Hidd project

24th July 2014

According to a report in the Gulf Daily News, a Bahrain daily, the Ministry of Housing, Bahrain has started work on the East Hidd housing project with a multi-million agreement  signed to construct the first phase of the project, which includes 483 units.[..]

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