Construction Industry News

Starwood plans 35 new hotels in the Middle East in 3 years

6th May 2014

Starwood Hotels & Resorts Worldwide announced plans to open 35 hotels in the Middle East in the next three years which will take its portfolio to over 80 hotels worldwide. This will include opening of seven new hotels this year in the UAE, Iraq and Bahrain. The announcement was made at the Arabian Hotel Investment Conference (AHIC) in Dubai.[..]

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Marriott plans six new hotels in the GCC

Marriott plans six new hotels in the GCC

6th May 2014

MarriottMarriott International announced plans to add of six properties to its Middle East portfolio, with three in the UAE and another three in Saudi Arabia. The announcement was made on the first day of the Arabian Hotel Conference, which is taking place in Dubai.[..]

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Rotana to launch 10 new hotels in the Middle East by 2020

6th May 2014

UAE's hotel operator Rotana has announced the launch of ten new hotels in the Middle East by 2020. Out of the ten, five hotels will open in Dubai which includes a 280 room property located in the Creek district, a 163 room development in Al Barsha and a 528 room property under the Arjaan Hotel Apartments by Rotana brand to be located in the Wafi area.[..]

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Tecnicas awarded US$1.7 billion Saudi power contract

5th May 2014

Saudi Aramco, the state-owned oil company from Saudi Arabia, has selected Técnicas Reunidas (TR) for the execution of the Utilities & Common Area project within the Jazan IGCC (Integrated Gasification Combined Cycle) complex in the Jazan Economic City, located in Jazan Province, a south western region of Saudi Arabia.[..]

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SEC signs four deals worth over SR2.3 billion

SEC signs four deals worth over SR2.3 billion

4th May 2014

secThe Saudi Electricity Company (SEC) signed on Wednesday four contracts for carrying out electricity projects worth over SR2.3 billion. This is in addition to 17 projects whose cost exceeded SR7 billion and which the Board of Directors of the company had agreed to award two weeks ago. The numerous projects are being planned so as to boost the electricity system and provide reliable electricity service to all its clients.[..]

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Bin Faqeeh Real Estate announces US$45 Million residential project in Dilmiunia

4th May 2014

A $45 million residential apartment project was announced yesterday following the sale of key plots on the landmark Dilmunia at Bahrain to Bin Faqeeh Real Estate Investment Company reported Gulf Daily News. The agreement was signed between IDC chief executive Mohammed Khalil Alsayed and Bin Faqeeh Real Estate Investment Company chairman Faisal Abdulwahid Faqeeh. The details of the project will be announced later the year.[..]

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