News tagged "Middle east"

Turner & Townsend’s Middle East business revenues hit US$ 65 mn

Turner & Townsend’s Middle East business revenues hit US$ 65 mn

23rd July 2019

According to *Constructionweekonline news report, Turner & Townsend’s Middle East business saw revenues for the 12-month period ending 30 April, 2019, hit $65m – an 11% increase driven by further work in the sports, leisure, and hospitality sectors, which includes the refurbishment of Atlantis, The Palm hotel in Dubai.[..]

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UAE leads Middle East’s hotel construction pipeline

UAE leads Middle East’s hotel construction pipeline

16th May 2019

According to *Constructionweekonline news report, with more than 56,000 hotel rooms under construction, the UAE leads the Middle East’s hotel construction pipeline, figures from US-headquartered hospitality research and benchmarking firm STR have revealed.[..]

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Middle East's MEP contractors call for regulation for protection against increased market risks

Middle East's MEP contractors call for regulation for protection against increased market risks

26th April 2019

According to *Constructionweekonline news report, the Middle East's mechanical, electrical and plumbing (MEP) contractors have called for regulation to protect them against increased market risks as competition squeezes contract prices in a market facing payment delays and issues with the design-build contract model, it emerged at the fifth MEP Conference UAE, organised by Construction Week's sister title MEP Middle East.[..]

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Construction cost in UAE predicted to grow by 2% in 2019

Construction cost in UAE predicted to grow by 2% in 2019

12th April 2019

According to *Constructionweekonline news report, Middle East construction news of relevance to procurement teams has emerged as building costs are predicted to observe an upward trend in 2019, with the strongest growth forecasted for Saudi Arabia’s capital city Riyadh at 5%, followed by the UAE at 2%, according to UK-headquartered Turner & Townsend.[..]

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SLS Dubai Hotel & Residences to open in Q3 2020

SLS Dubai Hotel & Residences to open in Q3 2020

20th March 2019

According to *Arabian Business news report, sbe, a New York-based hospitality group, has announced a partnership with World of Wonders Real Estate Development to develop the first SLS property in the Middle East.[..]

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UK Government investing Petrofac exec for making corrupt offers to influence contract awards

UK Government investing Petrofac exec for making corrupt offers to influence contract awards

8th February 2019

According to *Constructionweekonline news report, a UK Government body is investigating a former senior executive of engineering, procurement, and construction (EPC) contracting giant Petrofac for making “corrupt offers to influence the award of contracts” in the Middle East. These contract awards are valued in excess of $4.2bn, of which $3.5bn came in Saudi Arabia and $730m in Iraq.[..]

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