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...
Kuwait’s state news agency KUNA reported the country's parliament rejected a bill that covered the government’s $111bn four-year development plan that started during the 2010-2011 fiscal year. Opposition lawmakers blocked the bill on Wednesday, describing it as “unrealistic”. They also...
Unveiling District One: Welcoming the New-age Metropolis of Mohammed bin Rashid City District One of the AED30bn ($8.17bn) Mohammed bin Rashid City was unveiled on Tuesday, 28th January 2014, by His Highness Sheikh Mohammed bin Rashid, Vice-president, Prime Minister and Ruler...
Dubai Cityscape Global 2013 has attracted over 30,000 visitors, a 53 percent rise compared to last year. Cityscape Global is Middle East's mega real estate gathering event where participants showcase their latest property developments and peripheral real estate products and...
Dubai's economy is bouncing back with latest trade figures revealing that Dubai's trade grew exponentially to over 1.32 trillion dirhams (about US$ 362 million) in 2013, leading to a growth of about 7.6%. Regarded to be one of the richest...
The Dubai Al Sufouh Tram Project - the first tram services to operate in the Middle-east region to begin operations in November 2014 The Al Sufouh Tram Project is one of Dubai’s most highly awaited infrastructural developments. According to the...
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...
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...
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...
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...
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...
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...
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...
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...
Qatar says it is considering a revamp of its controversial sponsorship system for foreign workers in the country and introduce a new system that is in line with international labour standards. Under the current system, all foreigners must be sponsored...
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...
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...
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...
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...
Azerbaijan has announced it seeks to build the tallest building in the world that will dwarf world's current record holder - Dubai's Burj Khalifa. The Caucasian state is riding high on oil revenues which has resulted in high-profile construction...
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...
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...
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...
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...
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...
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...
Kingdom Holding's Prince Alwaleed Bin Talal announced on Sunday that Jeddah's Kingdom Tower would become the world’s tallest building when completed in 2017. He insisted that it will take no more than "63 months" to complete the 1,000m high skyscraper...
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...
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...
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...