Construction Industry News

Dubai based Deyaar to move into Hospitality

2nd March 2014

Dubai-based Deyaar Development announced on Saturday its decision to expand its portfolio beyond commercial and residential properties to hospitality projects. The move, which comes as part of Deyaar's strategy to diversify its capabilities in the real estate sector, will be initiated within the Dubai market.[..]

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MAG Group to invest $4bn in Dubai

27th February 2014

Dubai-based Mag Group anounced on Wednesday that it is investing up to Dh15 billion in Dubai and the rest of the UAE. Moafaq Al Gaddah, chairman of MAG Group, said in a statement, “Now that the city has won the right to host Expo 2020 it has galvanised investment sentiment and I am sure that we are not the only company feeling the current wave of overwhelming business optimism."[..]

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National Food Products Company to invest in Dh1.5b mega facility in Kizad

25th February 2014

The National Food Products Company (NFPC) announced that it is consolidating its production facilities in a Dh1.5 billion mega facility investment in the food and beverage cluster of Khalifa Industrial Zone Abu Dhabi (Kizad). Fady Antonios, NFPC Chief Executive Officer and President and Khaled Salmeen, Kizad Chief Executive Officer, signed a 50 year Musataha agreement at Gulfood in Dubai to move NFPC’s production facilities to the industrial zone.[..]

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