Dubai Investments Park Grows with 280 New Sub-tenants

• Wednesday, 31st May 2017
• by Menna A. Farouk

Dubai Investments Park, DIP, a wholly-owned subsidiary of Dubai Investments, announces that 280 new sub-tenants have leased premises within DIP between January and April, 2017.

Dubai’s Drake & Scull to Put Aside USD 272 mn for Debt Payments

• Tuesday, 30th May 2017
• by Menna A. Farouk

Dubai-based contractor Drake & Scull International (DSI) is expecting to have nearly AED 1 bn (USD 272 mn) of cash flow available over the next four years to partly repay its debt, Reuters reports.

Bloom Properties Awards Contracts Worth AED 1 bn for 5 Projects

• Tuesday, 30th May 2017
• by Menna A. Farouk

Abu Dhabi-based developer Bloom Properties is awarding five construction contracts valued at over AED 1 bn since the beginning of 2017, Invest-Gate reports.

Azizi Developments Awards Contract Worth AED 118 mn for Azizi Aura

• Tuesday, 30th May 2017
• by Menna A. Farouk

Dubai-based real estate developer Azizi Developments awards a construction contract worth AED 118 mn to Al-Qandeel Contracting Company for Azizi Aura in Downtown Jebel Ali, Construction Week Online reports.

Majid Al Futtaim Unveils Large Carrefour Facility

• Monday, 29th May 2017
• by Menna A. Farouk

UAE shopping mall operator, Majid Al Futtaim, broke ground on global retailer Carrefour's new regional distribution centre at the National Industries Park (NIP) in Dubai, Invest-Gate reports.

Bloom Properties Starts Construction Works at Soho Square

• Monday, 29th May 2017
• by Menna A. Farouk

Abu Dhabi-based developer, Bloom Properties, has commenced the main construction works at its “Soho Square” residential project on Saadiyat in Abu Dhabi, Invest-Gate reports.

Abu Dhabi Launches World’s Largest Solar Power Plant

• Sunday, 28th May 2017
• by Menna A. Farouk

Abu Dhabi launches the world's largest independent solar power plant at a total cost of USD 3.2 bn, WAM news website reports.

Emaar Malls Acquires 51% Stake in Namshi

• Sunday, 28th May 2017
• by Menna A. Farouk

Dubai's Emaar Malls Group purchased a 51% stake in online e-commerce site Namshi for USD 151 mn, according to a bourse statement.

ADWEA Raises USD 872 mn for Solar Power Plant

• Sunday, 28th May 2017
• by Menna A. Farouk

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

• Wednesday, 24th May 2017
• by Menna A. Farouk

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