Al Habtoor Completes Divestment of Its HLG Shares

• Thursday, 1st December 2016
• by Joana Saba

HLG Contracting announced on Wednesday the completion of the transfer of shares from Al Habtoor Holding to Riad Al Sadik, and a name change from Al Habtoor Leighton to HLG Contracting, according to a press release.

Bahrain’s Economic Diversification Led by Construction Sector

• Thursday, 1st December 2016
• by Joana Saba

Bahrain's economy continued its economic diversification in the third quarter of 2016 with construction and real estate leading the growth, according to CBRE's recent Bahrain MarketView.

Al-Futtaim Engineering and Technologies Announces New CEO

• Wednesday, 30th November 2016
• by Karim Mohy

Dr. Hayan Sayed has been appointed as the new CEO of Al-Futtaim Engineering and Technologies, reported ME Construction News on Monday.

Qatari Group to Back Tunisian Tourism Project

• Wednesday, 30th November 2016
• by Karim Mohy

Qatar's Mejda Group will sign a deal to develop a $220 mn tourism project near Tunis, according to an announcement made during the investment conference Tunisia 2020.

Fall in Saudi Construction Costs to Ease -Colliers

• Wednesday, 30th November 2016
• by Karim Mohy

The decline in Saudi construction costs might be easing soon, though tough market conditions are set to prevail, according to a report by consultancy Colliers International.

Nshama Delivery to Possibly Ease Dubai Rents

• Wednesday, 30th November 2016
• by Karim Mohy

Dubai-based real estate developer Nshama is set to deliver 2,000 homes next year at its Town Square development in Dubai.

Built Assets Contributing Strongly to UAE’s Economy, Qatar Leads in Spending

• Tuesday, 29th November 2016
• by Karim Mohy

Built assets now contribute almost 50% to the emirates' GDP, according to a recent report by consultancy Arcadis.

Oman Offering Land Plots for Tourism Projects

• Tuesday, 29th November 2016
• by Karim Mohy

Oman is offering 33 land plots to investors for the development of tourism projects, reported Reuters Zawya on Monday.

Schon Properties Launches Hospitality Project in Dubai

• Tuesday, 29th November 2016
• by Karim Mohy

UAE-based real estate developer Schon Properties on Tuesday announced the launch of a more than AED 3.2 bn hospitality development, dubbed iSuites, near the site of Expo 2020.

Al Akaria Setting Up New Construction Company

• Tuesday, 29th November 2016
• by Karim Mohy

Saudi developer Al Akaria last week announced plans to set up a new contracting and construction firm.