News / Middle East

Saudi Stalled Projects Expected to Decline 10% by Year-End

The Saudi Ministry of Environment, Water and Agriculture is seeking to cut stalled projects to less than 10% by the end of 2017, Al-Eqtisadiah newspaper quoted the ministry’s undersecretary Mohammed Al-Mukli as saying.

Jordan to Issue Bids for Airport Project

Jordan is inviting bids to convert its Amman chartered and VIP airport into a regular passenger airport, as part of plans to ease growing air traffic in the kingdom, a newspaper in the Arab country reports.

Musanada Announces 7 Infrastructure Projects Underway at Abu Dhabi East

Abu Dhabi General Services Company, Musanada, announces that work is progressing in seven infrastructure projects at the area of Abu Dhabi east, Invest-Gate reports.

Dubai Investments to Issue Tender for AED 1 bn Skyscraper

Dubai Investments is to tender construction for an AED 1 bn (USD 272.48 mn) tower this year, Invest-Gate reports.

Arabtec Wins Award Worth AED 353 mn for Pavilion at Expo 2020

Dubai-based developer Arabtec Holding wins a contract to build new project at Expo 2020, Invest-Gate reports.

Dubai to See Business District Worth AED 5 bn

UAE holding company Dubai Holding unveils an integrated business district in the heart of Dubai, Invest-Gate reports.

Arabtec Unit Wins MEP Contract on Dubai Creek Harbour Project

Emirates Falcon Electromechanical Co. (EFECO), a wholly-owned subsidiary of Dubai-based Arabtec Holding PJSC, wins an AED 113 mn (USD 30.7 mn) contract for mechanical, electrical and plumbing work at the Creekside 18 project, Invest-Gate reports.

UAE’s Nakheel Opens Monorail Station in The Palm

Residents and visitors at The Palm Jumeirah will now have better public transportation service, with one major station just opening up, Gulf News reports.

Abu Dhabi Sees 1.97 mn Hotel Guest Arrivals in 5 Months

Abu Dhabi records a rise by 4% year-on-year in hotel guest arrivals during the period from January to May 2017, Invest-Gate reports.

Saudi Real Estate Deals Decline 31% in Ramadan

Saudi Arabia’s real estate transactions fall by 31% y-o-y in the holy month of Ramadan, Argaam reports.

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