News / Middle East

Jeddah Tower Construction Delayed Due to Contractor Problems

Jeddah Economic Company, a real estate developers, attributed construction delays for the 1Km-high Jeddah Tower to funding issues with the contractor Saudi Binladin Group.

Emaar Acquires Stake in Leaders Fort Contracting

Emaar Industries & Investments (EII), a member of Emaar Properties, acquired a substantial stake in Leaders Fort Contracting (LFC), a UAE-based construction company.

Qabdah to Construct Sharjah’s Al Narjis Neighborhood

Sharjah Holding, a UAE real estate developer, awarded Al Qabdah Building Contracting the construction of the first phase of Al Narjis neighborhood, part of the Al Zahia residential project.

Palm Hills Plans to Establish a Base in Dubai

Palm Hills Development (PHD), an Egyptian real estate developer, is planning to open a company in Dubai, reported The National.

Kuwait’s Global Buys GBP 200M UK Real Estate

Kuwait’s Global Investment House successfully acquired the headquarters of the National Health Services (NHS) of Scotland in Edinburgh, as well as the European Headquarters of 3M in Bracknell.

Saudi’s Sidra Capital Buys $93M in US Real Estate

Saudi-Based Sidra Capital announced its acquisition of an office building in Fort Mill, South Carolina an investment worth SR 350 million ($93.3 million).

Dubai to Build 6 New Megaprojects

The Dubai Municipality’s plan to develop 6 new projects was approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

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