Aldar Properties Raises its Foreign Ownership Limit to 49%

• Monday, 16th April 2018
• by Invest Gate

Aldar Properties has raised its Foreign Ownership Limit (FOL) to 49%, from the previous 40%, following shareholder approval at Aldar’s 2018 annual general meeting, Zawya reports, adding that the raise was implemented starting from April 15 by the Abu Dhabi Securities Exchange (ADX)

Kuwait’s Planned Mega Project to Spur USD 200 Bn Foreign Investment

• Wednesday, 4th April 2018
• by Invest Gate

Kuwait has announced plans to establish an integrated flagship project that will open new investment opportunities for the tourism, hospitality and leisure sectors

Majid Al Futtaim Introduces Its First Shopping Mall in Abu Dhabi

• Tuesday, 3rd April 2018
• by Invest Gate

Dubai-based Majid Al Futtaim (MAF), a leading shopping mall, retail, and leisure pioneer across the Middle East, Africa, and Asia, has officially introduced its first shopping mall in Abu Dhabi and the company’s largest community mall in the UAE, My City Center Masdar

Kuwait’s Mabanee to Receive USD 1.3 bn for The Avenues Riyadh Mall

• Tuesday, 3rd April 2018
• by Invest Gate

Kuwait's Mabanee will sign an agreement of more than USD 1.33 bn with a consortium of Saudi, United Arab Emirates, and Kuwaiti banks to finance the development of The Avenues Riyadh shopping mall in Saudi Arabia

MAG, Emaar Agree to Develop Automated Parking Facility in Dubai

• Tuesday, 3rd April 2018
• by Invest Gate

MAG Robotic Investments has signed an agreement with UAE-based Emaar Properties, an international property developer, to develop a fully-automated parking facility on a build-operate-transfer (BOT) basis at Dubai Marina

Over 300 Int’l Exhibitors in Dubai’s The Big 5 Heavy

• Tuesday, 20th March 2018
• by Invest Gate

More than 300 participants from 30 countries, including legendary brands, will participate in the upcoming edition of The Big 5 Heavy, a unique exhibition of machinery for heavy construction, running from March 26 to 28 at Dubai World Trade Center

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Saudi Arabia Expected to Take 35% Stake in Saudi Bin Laden Group: Reuters

• Monday, 19th March 2018
• by Invest Gate

The stake represents the total shares of SBG’s Chairman Bakr Bin Laden and his brothers Saleh and Saad, whom were all detained in an anti-corruption crackdown in November alongside numerous businessmen, officials and princes

UAE’s Top 10 Landscaping Developments Valued at USD 5.8 bn

• Monday, 19th March 2018
• by Invest Gate

The world’s tallest building 828-meter Burj Khalifa, the world’s largest indoor theme park IMG Worlds of Adventure, and the world’s biggest shopping mall Dubai Mall top UAE’s list of 10 major landscaping projects

Arabtec Wins USD 115 mn Damac Contract for 916 villas

• Tuesday, 13th March 2018
• by Invest Gate

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,

15 Kuwaiti Construction Companies to Declare Bankruptcy Soon

• Wednesday, 7th March 2018
• by Invest Gate

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