Dubai Investments to Expand Its Portfolio

• Sunday, 4th December 2016
• by Farah Montasser

Dubai Investments (DI) has moved to expand its asset base with the development of four new projects, three in the UAE and one in Saudi Arabia, reported Gulf News on Sunday.

MAG 5 Boulevard Sees 50% First Week Sales

• Sunday, 4th December 2016
• by Farah Montasser

MAG 5 Boulevard, a development by MAG 5 Property Development, saw 50% of its phase 2 sell out during the first week, according to a press release issued Sunday.

Emaar Wins Developer of the Year Award

• Sunday, 4th December 2016
• by Farah Montasser

Emaar Properties received the 'Developer of the Year' recognition at the Arabian Business Achievement Awards 2016, according to a press release issued Sunday.

Oman’s Real Estate Market in Recovery

• Sunday, 4th December 2016
• by Farah Montasser

The real estate market in the Sultanate of Oman is showing signs of recovery, according to a real estate official, reported the Times of Oman on Saturday.

Payments to Contractors Boost Saudi Steel Prices

• Thursday, 1st December 2016
• by Joana Saba

Steel prices in Saudi Arabia experienced a strong upward surge this month after a government decision to pay construction sector dues, reported Reuters, citing a local newspaper.

Lusail Stadium to be Constructed By Qatari, Chinese Joint Venture

• Thursday, 1st December 2016
• by Joana Saba

Qatar's Supreme Council for Delivery & Legacy (SC) announced that the main contractor for the Lusail Stadium will be a Chinese and Qatari joint venture, according to a press release.

Bahrain Marina Awards Marine Works Contract

• Thursday, 1st December 2016
• by Joana Saba

The Bahrain Marina Development Company announced on Wednesday it had awarded the marine works contract for the Bahrain Marina project to Al Hassanain Contracting Company, according to Bahrain News Agency.

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.