News / Middle East

Saudi Arabia to Invest USD 7 bn in Renewable Energy Projects

The Saudi government is planning to invest up to USD 7 bn in seven new solar plants and a big wind farm by the end of 2018, as part of its national renewables program aiming at deploying 9.5 Gigawatt of renewables to provide 10% of its total energy by 2023

Al Fahed Unveils Seafront Project in Abu Dhabi

UAE-based Al Fahed Development Company has launched its new seafront project in Abu Dhabi

MAG Awards Mixed-Use Residential Contract in Dubai

UAE-based MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has appointed Dutch Foundation as the enabling contractor for its AED 550 mn residential project in Business Bay area of Dubai

60 Saudi Companies Receive Licenses to Sell Housing Units Online

The Saudi Ministry of Housing has licensed 60 Saudi firms to sell land plots and housing units online through the Wafi platform as part of its plan to provide 480,000 housing units by 2020

Emaar Properties Makes USD 1.8 bn in 2017

Emaar Properties, the developer of the world's tallest tower, Burj Khalifa, has achieved USD 1.8 bn in profit and close to USD 5 bn in sales in 2017

Construction of Dubai’s Mirdif Hills Completed by 30%

Dubai Investments Real Estate Company (DIRC) said on Tuesday that work on its AED 3 bn freehold project, Mirdif Hills, is 30% completed

First Substation Completed at Dubai Expo 2020 Site

Last month, the authority completed 'Mobility,' one of three 132/11 kV main substations responsible for generating electricity for the Expo 2020 Dubai

Saudi Arabia to Implement USD 293 mn Infrastructure Projects

The Saudi government plans to spend SAR 1.1 bn (USD 293 mn) on major infrastructure projects including the implementation of 16,000 sanitary drainage connections to homes across the kingdom

Bahrain’s New Waterfront Project Set for 2019 launch

Saada West will house a promenade with family entertainment, offering an experience of harbourside dining and a modern marina hosting an array of boats

Rove Hotels Expands to Saudi Arabia

To be located in the Bay La Sun waterfront district of King Abdullah Economic City (KAEC), Rove King Abdullah Economic City will feature 240 rooms, fitness centers, and a wide range of amenities

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