Dubai’s Damac Properties Lures Home Buyers with Free Mercedes Benz

• Monday, 3rd July 2017
• by Menna A. Farouk

DAMAC Properties, a luxury real estate developer, is giving away a new Mercedes Benz car with the purchase of an Aurum villa at AKOYA Oxygen, Reuters reports.

SEDCO Development to Develop Jeddah’s Al-Rawdah Complex

• Sunday, 2nd July 2017
• by Menna A. Farouk

Saudi property developer SEDCO Development finalizes a deal for a new commercial, residential and recreational project in Jeddah, Reuters reports.  

Azizi Developments Begins Work on Residential Community in Dubai

• Thursday, 22nd June 2017
• by Farah Montasser

Dubai’s property developer, Azizi Developments, starts work on a new residential project worth AED 1.7 bn in Dubai, Invest-Gate reports

Abu Dhabi Announces USD 30 mn to Upgrade Works to Sheikh Zayed Tunnel

• Thursday, 22nd June 2017
• by Menna A. Farouk

Abu Dhabi City Municipality announces details of upgrade works to be carried out on the Sheikh Zayed Tunnel and Street in Abu Dhabi, at a cost of AED 109 mn.

Dubai’s Drake & Scull In Talks with Banks to Sell Plots of Land

• Thursday, 22nd June 2017
• by Menna A. Farouk

Dubai-based building contractor Drake and Scull International PJSC (DSI) is in talks with banks to divest some of its assets, Reuters reports.

Arabtec Board Nods to Capital Raise

• Wednesday, 21st June 2017
• by Menna A. Farouk

Dubai’s developer Arabtec Holding’s BoD approved on Sunday, April 18, the increase of its capital by AED 1.5 bn, Invest-Gate reports.  

Abu Dhabi to See Infrastructure Upgrade Works Worth AED 109 mn

• Wednesday, 21st June 2017
• by Menna A. Farouk

Abu Dhabi City Municipality announces improvement works to be implemented on the Sheikh Zayed Tunnel and Street in Abu Dhabi, at investments valued at AED 109 mn, WAM news agency reports.  

GCC Proposes 31% Tariffs on Steel Imports

• Tuesday, 20th June 2017
• by Menna A. Farouk

The GCC countries are proposing a 31% safeguard tariff on steel imports to protect the industry from cheap products, Invest-Gate reports.

Saudi Arabia Has USD 250 bn in the Pipeline

• Tuesday, 20th June 2017
• by Menna A. Farouk

Saudi Arabia has over USD 250 bn worth of projects in the pipeline, with their main construction contracts are yet to be awarded, Invest-Gate reports.  

Jabal Omar Eyes SAR 3 bn Loan Conversion into Murabaha

• Monday, 19th June 2017
• by Menna A. Farouk

Saudi real estate development company Jabal Omar Development Co. is holding talks with the Saudi Finance Ministry to convert a commercial loan worth SAR 3 bn into a Murabaha facility, Invest-Gate reports.