News / Middle East

ADWEA Raises USD 872 mn for Solar Power Plant

The Abu Dhabi Water and Electricity Authority (ADWEA) closes a financing package worth USD 872 mn for a 1,177 megawatt solar power plant, Reuters reports.

UAE Sees Delivery of 33-Storey Tower Project

UAE-based property developer Al-Thuriah Properties completes handover of its Sahara 4 Tower in Al-Nahda, Invest-Gate reports.

Emaar Releases Vida Dubai Mall Today  

Dubai-based developer Emaar Properties launches today Vida Dubai Mall in Downtown Dubai, Invest-Gate reports.

Qatar to Deliver 5,800 New Units by Year-end

Nearly 1,500 units have been established in Qatar in Q1 of 2017, while an estimated 5,800 units will be added by the end of 2017, Reuters reports.

Construction Begins in ISuites Project in Dubai

Dubai-based contracting company Al-Hamd Group begins the construction of 2,550 hotel apartments in ISuites Project in Dubai Investment Parks that is developed by Schön Properties, Invest-Gate reports.

Aldar to Develop Twofour54’s New Home in Yas Island

Twofour54, an Abu Dhabi-based tax-free media and entertainment free zone, has appointed Emirati property developer Aldar Properties as the strategic real estate partner of the Media Zone Authority to build its new permanent home on Yas Island, Invest-Gate reports.

DAMAC Launches Aknan Villas in Dubai

Dubai-based real estate developer DAMAC Properties announced on May 22 the launch of Aknan Villas as part of the Akoya Oxygen project in Dubai, Invest-Gate reports.

Barwa to Launch Phase II of Madinat Al-Mawater Project in Qatar

Qatari leading real estate company Barwa Real Estate Group is launching the second phase of the Madinat Al-Mawater mixed-use project, Invest-Gate reports.

UAE Commercial Property to See Modest Demand In 2017

The UAE commercial real estate industry will continue to witness “soft” demand in 2017, Invest-Gate reports.

Aramco Partners with Jacobs over New Construction Management Program

Saudi-based Aramco partners with Jacob, a provider of technical services, in an effort to provide professional program and construction management services for social infrastructure projects throughout the country, the Middle East and North Africa, Invest-Gate reports.

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