The Dubai Al Sufouh Tram Project - the first tram services to operate in the Middle-east region to begin operations in November 2014The Al Sufouh Tram Project is one of Dubai’s most highly awaited infrastructural developments. According to the...
Deloitte Survey Reveals Changing Preferential Moods: From China to the Middle-east Despite the gloom and doom that overrode most of the global economy in 2013, the Asian economic giant China notched some significant successes as far as its economic activities...
Unveiling District One: Welcoming the New-age Metropolis of Mohammed bin Rashid CityDistrict One of the AED30bn ($8.17bn) Mohammed bin Rashid City was unveiled on Tuesday, 28th January 2014, by His Highness Sheikh Mohammed bin Rashid, Vice-president, Prime Minister and Ruler...
Energy Efficiency can save consumers and businesses money. No matter how 'green' the energy supply is -- it is not as 'green' as conservation. Turning the lights 'Off" or lowering the demand on the air conditioning unit, always results in real...
It was recently announced that Dubai will be the first Middle Eastern city to host a World Expo trade convention, which happens in 2020. With sustainability set to be one of the three core themes at the event, the World...
Dubai Cityscape Global 2013 has attracted over 30,000 visitors, a 53 percent rise compared to last year.Cityscape Global is Middle East's mega real estate gathering event where participants showcase their latest property developments and peripheral real estate products and...
World’s largest manmade lagoon to be built in Dubai with the possible entry into the Guinness Book of World Records Crystal Lagoons Corporation, the patented technology developer of giant crystalline lagoons has announced that it will construct the world’s largest manmade lagoon in...
The number of 'Megatall' towers in the Middle East is likely to increase within the next decade, says EC Harris a global Built Asset Consultancy. Economic power, space limitations, and relaxed planning regimes, all conspire to empower developers to build...
Qatar was ranked the most expensive country in which to build in the Middle East, according the 2013 International Construction Costs Report released today by global built asset consultancy EC Harris.The annual study, which benchmarks building costs in 47...
Boosted by heavy public and private spending in various infrastructure projects, the GCC glass industry is enjoying a period of tremendous growth. Latest market intelligence report by UK-based Bowmedia Group shows that the demand for flat glass will continue to...
A new report has pointed out that the Gulf Cooperation Council (GCC) contracting industry is set to maintain its strong growth momentum due to several large infrastructure projects in the pipeline. The Kuwait Financial Centre (Markaz) GCC Contracting Industry report...
The Dubai Multi Commodities Centre (DMCC) the Government Authority dedicated to establishing Dubai as the global gateway for commodity trade, announced its plans today, to build the tallest commercial tower in the world as part of its expansion plan...
According to a recent study by EC Harris, titled, Global Construction Disputes: A Longer Resolution, construction-related disputes are taking the longest to resolve in the Middle East, although Asia and the UK are not far behind. The time-to-resolution of such...
According to the recently released Deloitte GCC Powers of Construction Report, 2013 is a year of optimism and opportunity in the GCC construction sector. The report titled 'GCC Powers of Construction: Meeting the challenges of delivering mega projects', proposes that the opportunities presented...
A new study reveals the UAE has raced past Saudi Arabia to become the biggest construction market in the Middle East for the first time since 2008. The report by accountancy firm Deloitte reveals that contracts worth USD 16.2 billion...
With the GCC states investing up to USD 121 billion in different road and bridge infrastructure projects, the asset management industry is enjoying an unprecedented boom across the region. Some of the latest methodologies and strategies in asset risk management,...
Qatar and UK have joined hands to establish an independent, not-for-profit institute in Doha for understanding the financing, risk appraisal and management of large complex infrastructure projects. The newly launched Institute for Infrastructure Studies will strive to become the global...
It was announced on Sunday that the Kaloti Group, one of the world's largest gold and precious metals refiners and trading houses, will be building one of the world's largest gold and precious metal refineries in the Jumeirah Lakes Towers...
Qatar is planning to spend around $125bn on construction and energy projects over the next six years, ahead of the FIFA 2022 Football World Cup, a new report said on Thursday.A report compiled by the Saudi NCB bank said...
Dhofar Steel announced a joint venture of Oman's Salalah Development Co, the Al Suwaidi Group of the United Arab Emirates and Saudi Arabia's Al Tuwairqi Group to build a $400 million steel plant in the southern Oman city of...
Saudi government announced on Sunday it has approved road construction contracts worth more than 3 billion riyals ($790m).Arab News reported Jabara Al-Seraisry, Saudi Arabia’s Transport Minister, signed 41 road contracts which cover developments valued at $56.8m (SAR 213m) in the Makkah...
Omani utilities sector, funded by both private and foreign investors, is set to get a major boost as the construction of 16 power and water projects worth $3.1bn will increase water desalination capacity in the country, improve wastewater treatment...
Despite a fall in construction costs over the past year, Qatar is still an expensive place to build compared to the UK, new research said on Monday.According to the annual EC Harris International Construction Costs Report, the UK is...
The ongoing construction bonanza has led Gulf Arab states to spend on average more money on interior design than their counterparts in Japan, Europe and the United States, according to a study by Ventures ME.The study showed some building...
Saudi Arabia is set to lead growth in Middle East's infrastructure and construction spending over the next 15 years, a report compiled by BofA Merrill Lynch said on Tuesday.The study noted that the construction sector across the Middle East...
The National Water Company plans new projects worth SR4 billion ($1.07bn) in Jeddah's historical regions, northern and southern parts.The projects include replacement with high-pressure pipes that can pump larger quantities of water, construction of main pipeline networks and setting...
Europe's tallest building has been officially unveiled in central London by the prime minister and minister of foreign affairs of Qatar, Hamad Bin Jassim Bin Jabr Al-Thani, and The Duke of York, Prince Andrew.The Shard's has emerged as the capital's most...
A New York property developer and an Abu Dhabi government fund are joining hands to develop a new shopping complex, five-star hotels and fine dining on Abu Dhabi's Al Maryah Island.The development is taking place in Sowwah Square, a newly...
The Saudi cabinet gave its nod to the country’s mortgage law on Monday for the infrastructure industry on which it is spending around $500 billion to build and develop.The mortgage law stipulates the regulations to establish mortgage companies and...
Qatar's statistics authority said on Sunday the economy grew 6.9% year-on-year in inflation-adjusted terms in the first quarter of this year thanks to soaring construction industry projects in the Gulf state.The country's real gross domestic product (GDP) also increased by...
About 3 million pilgrims will arrive in Makkah for the annual Hajj pilgrimage in October, many of them coming from a wealthy background. To cater to their need for luxury accommodation, hotel investment companies, including InterContinental Hotels Group Plc, Hyatt Hotels Corp. and Starwood...
Human Rights Watch warned Qatar to honour its commitment to reform employment laws for migrant workers ahead of the 2022 FIFA World Cup, amid fears that stadiums will be built using an exploited labour force.The New York-based rights watchdog...
Residents of Mogadishu wake up every morning to some good news, a rarity they've been afforded during the last eight months than ever before.A Turkish engineering team starts drilling of a new borehole soon after sunrise in a sprawl...
Iraq's government risks losing funding from international donors as millions of dollars in international aid to build and repair Iraq's dilapidated schools and other infrastructure has gone unspent for years. The World Bank, chief Iraq donor, is weighing to use...
The ruler of Fujairah has told a foreign news agency that the strategic oil pipeline bypassing the Strait of Hormuz will be operational by next month."The pipeline will be operational in June," Sheikh Hamad bin Mohammed Al-Sharqi, whose east-coast...
UAE ambassador to Pakistan Eisa Abdullah Al Nuaimi inaugurated the $12.6 million (AED46.27 million) Sheikh Khalifa Bin Zayed Al Nahyan bridge over the Swat river in the former insurgent stronghold of Swat valley in northern Pakistan.The inauguration ceremony was...
Gulf states risk creating a glut in container capacity amid multi-billion dollar spending on port projects, a report published by Bloomberg said.More than 35 ports of the six Gulf states plan to add space for as many as 60...
Press ReleaseMaskan Arabia for Real Estate Development today announced the launch of the preliminary excavation work at its new residential project, “BLOM Invest Maskan Arabia” Fund, in North Riyadh. The development will consist of 312 residential units, worth AED490...
Reports coming from Abu Dhabi on Monday said four international banks have been selected as financial advisors for the potential merger of Aldar Properties and Sorouh Real Estate, state-backed property developers.One of the sources familiar with the matter said the oil-rich emirate has hired Goldman...
Airports throughout the Gulf region managed to clinch the bulk of transportation contracts worth $2bn awarded during the first five months of 2012, a report said on Sunday.The new research suggested road construction stood second with contracts worth $1.6bn...