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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
The National Water Company plans new projects worth SR4 billion ($1.07bn) in Jeddah's historical regions, northern and southern parts. The projects include replacement with high-pressure pipes that can pump larger quantities of water, construction of main pipeline networks and setting...
Dubai's economy is bouncing back with latest trade figures revealing that Dubai's trade grew exponentially to over 1.32 trillion dirhams (about US$ 362 million) in 2013, leading to a growth of about 7.6%. Regarded to be one of the richest...
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...
International and Chinese firms eye the $2.8 trillion GCC construction market With $2.8 trillion worth of projects planned or ongoing in the Gulf Cooperation Council (GCC) countries, international firms are increasingly eyeing the construction market in the region. At a...
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...
The Dubai Canal project will transform the city through Real Estate and Tourism Innovation The Dubai Canal Project, a 14-million square feet mega development extending the Dubai creek water way into the Arabian Gulf offers a fresh perspective to waterfront...
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...
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...
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...
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...
Press Release Maskan 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...
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...
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...
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...
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...