Souq Okaz Layout Plan Finalized

• Sunday, 6th August 2017
• by Menna A. Farouk

The Saudi Commission of Tourism and National Heritage (SCTH) finalized the framework for a 10 mn square-meter project in Taif, Saudi Arabia, the Saudi Press Agency (SPA) reports.

Bids Open for Saudi’s State Power Firm to Build, Operate Water Desalination Plant

• Friday, 4th August 2017
• by Menna A. Farouk

Saudi Arabia's Water and Electricity Co.(WEC) invites expressions of interest in a project to develop a reverse osmosis desalination plant in Rabigh, Reuters reports.

Select Group Awards Main Contract for Jumeirah Living Marina 

• Friday, 4th August 2017
• by Menna A. Farouk

UAE-based property developer, Select Group appoints contractor ALEC for the main works of its flagship waterfront development in Dubai Marina, Invest-Gate reports.

AccorHotels Launches New Hotel in Bahrain

• Friday, 4th August 2017
• by Menna A. Farouk

AccorHotels opens its newest property in the Middle East in partnership with developer and asset manager Action Hotel, Invest-Gate reports.

Majid Al Futtaim to Establish 1st City Center Mall in Abu Dhabi

• Wednesday, 2nd August 2017
• by Menna A. Farouk

Dubai-based developer, Majid Al Futtaim, announces the first City Center Mall in Abu Dhabi, Invest-Gate reports.

Work to Start on UAE’s Smart Logistics City in 2018

• Wednesday, 2nd August 2017
• by Menna A. Farouk

A deal was inked to support the development of a-new- 68,000- square- meter- logistics city in Fujairah, WAM news agency reports.

Arabtec Secures USD 171 mn Contract from DAMAC in Dubai

• Tuesday, 1st August 2017
• by Menna A. Farouk

United Arab Emirates-based contractor Arabtec Construction has been awarded a AED 628 mn UAE (USD 171 mn) contract from Dubai-based developer DAMAC Properties to design and build new villas at its Akoya Oxygen project, Invest-Gate reports.

JadoPado Founder Launches Dubai Real Estate Blockchain Startup Esanjo

• Tuesday, 1st August 2017
• by Menna A. Farouk

Omar Kassim, the Dubai-based founder of online marketplace JadoPado, launches a new startup that aims to facilitate real estate transactions using blockchain technology, Reuters reports.

Dubai’s Real Estate Transactions Reach USD 36 bn in H1

• Tuesday, 1st August 2017
• by Menna A. Farouk

The total value of Dubai's 35,571 real estate transactions in the first half of 2017 rises by 16.8%, Invest-Gate reports. Real estate transactions were valued at USD 35.9 bn, according to a report released by the Dubai Land Department's (DLD) H1-17 Transactions Report.

Saudi Crown Prince Launches Ambitious Red Sea Tourism Project

• Tuesday, 1st August 2017
• by Menna A. Farouk

Crown Prince Mohammed bin Salman announces the launch of an international tourism project in the Kingdom under the name of the Red Sea Project, which will be built in one of the world's most beautiful and diverse natural spots, Reuters reports.