News / Middle East

Kuwait to Build USD 112.5 bn ‘Gold City’

The Ministry of Commerce and Industry has asked Kuwait Municipality to allocate a plot to build a special ‘gold and jewelry city’ over a total area of 100,000 square meter

DAMAC Initiates Further Construction Work at AKOYA Oxygen

UAE’s real estate developer DAMAC Properties has started further construction works in October worth AED 350 mn at its residential community development, AKOYA Oxygen

TIME Hotels Launches New Saudi Resort Early November

UAE-headquartered hospitality company, TIME Hotels, is to launch a new resort in Saudi Arabia’s Jeddah during World Travel Market (WTM) in London

DAMAC Properties Says Vera Residences “More than 85% Sold”

UAE's developer DAMAC Properties says its Vera Residences in Dubai’s Business Bay received "unprecedented" interest

Bulgari Resort Dubai Opens Early December

UAE-based holding company Meraas says it will open a key development on December 7

Omniyat to Open Luxury Hotel in Dubai in 2020

UAE’s developer Omniyat plans to open its luxury hotel in Downtown Dubai during the third quarter of 2020, concurring with Expo 2020 Dubai

Kuwait to Invest USD 160 bn in Five Islands

Kuwait plans to develop five islands — Boubyan, Warba, Failaka, Maskan and Aouha — with investments worth USD 160 bn

Majid Al Futtaim Breaks Ground on Abu Dhabi Mall

Dubai’s Majid Al Futtaim, a holding company which owns and operates shopping centers in the Middle East and North Africa, has broken ground on its latest AED 1.4 bn lifestyle destination in Abu Dhabi

Saudi Arabia to Set Up Entertainment City

Saudi Arabia is to build one of a “mega” cultural, sports, and entertainment city in Al-Qiddiya, southwest of Riyadh

Dubai to Build AED 2.7 bn E-Commerce Free Zone

UAE launches the “first” free e-commerce zone, Dubai CommerCIty, in the MENA region

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