Arabtec Construction, a wholly owned subsidiary of leading infrastructure contractor Arabtec Holding, has been awarded a USD 115.4 mn contract from Damac Properties for the construction of 916 villas in the Akoya Oxygen master development,
Fifteen construction companies in Kuwait are expected to declare bankruptcy soon due to lack of liquidity and hence inability to fulfill their financial commitments to complete suspended projects for over three years
UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a law to establish the Abu Dhabi Development Holding Company (ADDHC) as a public joint stock company
UAE-based Binghatti Developers has started building USD 109 mn 'Millennium Binghatti Residences,' its first recognizable project on Dubai’s Water Canal in the rapidly growing Business Bay
The Dubai Land Department (DLD) announced that 90 projects were completed and 150 projects worth USD 22.34 bn were registered in Dubai in 2017
Saudi Arabia plans to invest USD 64 bn in developing its entertainment sector over the next decade, Ahmed Bin Aqeel Al-Khatib, chairman of the Saudi General Entertainment Authority (GEA) said
Emirates NBD, a leading Dubai-based bank, has concluded financing an amount of USD 354 mn for United Engineering Construction Company (UNEC) to be used in construction work on Nakheel’s Deira Mall project
The growing Saudi real estate financing sector is expected to hit USD 133 bn by 2020 from the current USD 77 bn
Sharjah Investment and Development Authority (Shurooq) has signed a strategic partnership deal with Kuwaiti real estate group Mabanee to develop a premium tourist and leisure project
Dubai’s real estate developer Azizi Developments plans to build a mega structure along Shaikh Zayed Road in the summer of 2018
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