Construction Industry News

Kuwait's Gulf Cable plans copper factory project in Jordan

24th April 2014

Mr. Bader Nasser Al-Kharafi, Chairman of the Board of Gulf Cable and Electrical Industries Co. said the company is always considering expansion opportunities, and gets involved in feasible ones. He said the company is currently considering involvement in a copper factory project in Jordan. Mr. Kharafi, who was speaking after the company’s general assembly, also said the company is committed to paying its debts, and at the same time it is going through an expansion even if there is a need to borrow, affirming that the company has a clean sheet and does not face any hurdles.[..]

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Kentz awarded five-year contract by Fluor for Kuwait Oil Company

24th April 2014

Kentz Corporation, the holding company of the Kentz engineering and construction group, announced the award of the major five-year cost reimbursable contract by Fluor Corporation in Kuwait. Under the terms of the contract, Kentz will supply multi-discipline technical and supervisory personnel on a reimbursable basis to meet Fluor's supplementary manpower requirements on a Fluor contract for Kuwait Oil Company.[..]

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Drake and Scull Wins US$40 Million contract in Algeria

23rd April 2014

Dubai's Drake and Scull International said in a statement that it has won a Dhs147 million($40 million) project to build a mixed-use development in the capital of Algeria. The company will undertake the civil construction portion of the project in Algiers, covering a total built-up area of about 66,500 square metres, it said.[..]

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Makkah to become world leading Smart City

23rd April 2014

World class developments of the Holy City to be discussed at Future Makkah Summit Workshops, at Cityscape Jeddah (Jeddah Urban Development and Real-estate Investment Event) on 4-6 May, an event held under the patronage of His Royal Highness Prince Misha’al Bin Majed Bin Abdulaziz[..]

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Condor awarded retail facility in Mudon community

23rd April 2014

Dubai Properties, a member of Dubai Properties Group, announced the appointment of Condor Building Contracting LLC to develop a 20,000 sq.m retail and leisure community centre in its Mudon community located in Dubailand.[..]

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Mazaya Holding announced the launch of second stage of its Queue Point, in Liwan project

22nd April 2014

Mazaya Holding announced the launch of the second stage of its mid-value properties, Queue Point, in Liwan. Rashid Al Nafisi, chairman of the board of directors of Al Mazaya Holding, on the sidelines of a press conference said “When we entered with this project (Queue Point), in the Dubai market, we noticed that there was a large emphasis on high income and this sector was not entirely served. So we entered this market at a large scale… and we built it in a way to keep costs low without compromising”.[..]

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Aldar launches three new projects worth Dhs.5 Billion

22nd April 2014

Aldar Properties launched three major new residential developments in prime areas of Abu Dhabi yesterday, including in investment zones where property can be purchased by non-UAE nationals, the firm said in a statement to the Abu Dhabi Exchange.[..]

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