Saudi Arabia’s real estate market to present “some challenges” unique to the kingdom
17th August 2018
According to *Constructionweekonline news report, Saudi Arabia’s real estate market continues to present “some challenges” unique to the kingdom, such as shifting consumer demands, the chairman of the Al Akaria Saudi Real Estate Company's (SRECO) board of directors has told Construction Week.[..]
KEC to build modern fruits and vegetable market in its new city
16th August 2018
According to *ME Construction News report, master developer Khazaen Economic City (KEC) intends to build a modern fruits and vegetable market in its new city according to a report from the Muscat Daily. The 430,000sqm market will feature shaded and air-conditioned areas for wholesale outlets and retail shops.[..]
Nakheel announces small decrease in net profit of US$ 680 mn in H2 2018
16th August 2018
According to *Arabian Business news report, Dubai master developer Nakheel on Wednesday announced a small decrease in net profit of AED2.51 billion ($680 million) for the first six months of 2018.[..]
Consortium awarded contract for German Pavilion at Dubai Expo 2020
16th August 2018
According to *Arabian Business news report, a consortium has been awarded the contract to design and build the German Pavilion at Dubai Expo 2020, which has a budget of $56.6 million.[..]
Hotel supply in MEA region continues to grow with Dubai topping the list
16th August 2018
According to *ME Construction News report, hotel supply in the Middle East and Africa (MEA) region continues to grow as more than 560 properties have been registered, while 147,700 rooms are under construction in July, a report has found.[..]
DSI appoints Yousef Al Mulla as new group CEO
16th August 2018
According to *Constructionweekonline news report, Drake and Scull International (DSI) has appointed Yousef Al Mulla as its new group chief executive officer (CEO), just five months after Dr Fadi Feghali stepped into the role at the end of March.[..]
UAE to build oil pipeline connecting Eritrea and Ethiopia
14th August 2018
According to *Constructionweekonline news report, the UAE is reportedly set to build an oil pipeline connecting Eritrea’s port city of Assab with the capital city of Ethiopia, Addis Ababa.[..]
Arabtec Engineering Services wins US$ 42.2 mn contract for sewerage and drainage infrastructure in Dubai
14th August 2018
According to *Constructionweekonline news report, Arabtec Engineering Services has won a $42.2m (AED155) contract variation for its work on sewerage and drainage infrastructure in Dubai.[..]
Average dispute resolution time length in the Middle East fell to 13.5 months in 2017
14th August 2018
According to *ME Construction News report, the average length of time needed to resolve a dispute in the Middle East fell to just 13.5 months in 2017, the lowest since 2011 (which stood at just nine months), according to new research conducted by Arcadis.[..]
Construction of Abu Dhabi’s bus shelters progresses at full speed
13th August 2018
According to *Constructionweekonline news report, construction of Abu Dhabi’s latest swathe of bus shelters is on track with the project set to include around 600 shelters in the emirate as part of a concerted government effort to improve public sector services.[..]