Chinese MCC to Build Kuwait Hospitals

• Wednesday, 14th December 2016
• by Farah Montasser

Kuwait Health Assurance Company (KHAC) signed a KD 162 mn deal with China Metallurgical Group Corporation (MCC) over the construction of two hospitals, reported Arabian Business on Tuesday

Damac Issues Contracts for Several Projects

• Wednesday, 14th December 2016
• by Farah Montasser

Property developer, Damac Properties, announced that it has awarded contracts worth AED 1.26 bn over the past four months, reported The National on Tuesday

Abu Dhabi Reintroduces 5% Rent Cap

• Wednesday, 14th December 2016
• by Farah Montasser

The emirate of Abu Dhabi reintroduced a 5% cap on the annual rent increase, stated the Department of Municipal Affairs and Transport on Tuesday

Palma Completes Serenia Structural Works

• Tuesday, 13th December 2016
• by Farah Montasser

Property developer Palma Holding has completed the structural works on its Serenia Residences project, located on the Palm Jumeirah, according to a press release on Tuesday

Deyaar Launching Year-End Promotions Campaign

• Tuesday, 13th December 2016
• by Farah Montasser

Property developer, Deyaar, launched a year's end promotional campaign for some of its residential projects, according to a press release on Monday

UAE to Issue New Fire Code Following Recent Events

• Tuesday, 13th December 2016
• by Farah Montasser

UAE plans to issue a new fire code in early 2017, following the recent accident that took place at an upscale apartment block on the Palm Jumeirah Island on Monday evening calling for more safety measures, reported Reuters

Al Hajiry Trading to Develop Mazaya Residences, Oman

• Tuesday, 13th December 2016
• by Farah Montasser

Al Mazaya Group Holding, an Omani developer, has awarded a - OMR 5.7mn- contract (AED 54.38mn) to Al Hajiry Trading for building and maintaining its upcoming project Mazaya Residences, reported Gulf News on Tuesday

Bridge Link to Deira Islands to be Launched

• Monday, 12th December 2016
• by Farah Montasser

A bridge linking Nakheel's Deira Islands project to the Dubai mainland is set to be launched this week, according to the Dubai Media Office

Omniyat Plans AED 5 Bn Project Pipeline

• Monday, 12th December 2016
• by Farah Montasser

UAE developer Omniyat Group unveils plans for its AED 5 bn project pipeline for 2017/18, reported Arabian Business on Monday

Alshaya to Establish New Logistics Hub at KAEC

• Monday, 12th December 2016
• by Farah Montasser

Alshaya International Trading Co. is set to establish a logistics hub at King Abdullah Economic City (KAEC), according to a press release last week