World Cup Stadium in Qatar to Cost QAR 36.4B

• Sunday, 22nd May 2016
• by Invest Gate

Qatar’s World Cup Stadium will cost between QAR 29.1 billion($8 billion) and QAR 36.4 billion ($10 billion) in construction costs for the 2022 Games, said Hassan Al Thawadi, the secretary-general of the Supreme Committee for Delivery and Legacy (SC).

UAE’s Green Valley Launches 350 Villas Morocco Project for AED 500M

• Saturday, 21st May 2016
• by Invest Gate

Green Valley International Real Estate, a Dubai-based real estate company, announced the launch of the City of Green Valley Marrakech project, an investment worth AED 500 million ($136 million).

Azizi Awards KCC AED 200M Construction Contract

• Saturday, 21st May 2016
• by Invest Gate

Azizi Developments, a UAE-based real estate developer, granted Keilani Construction Company (KCC) a contract worth AED 200 million ($54 million) to build two high-end residences, Roy Mediterranean and Montrell, at Al Furjan master community.

AED 166M to Be Spent on Infrastructure Projects in Abu Dhabi

• Friday, 20th May 2016
• by Invest Gate

Abu Dhabi Executive Council approved more than AED 166 million ($45 million) worth of infrastructure projects.

Barwa Real Estate Signs QR 310M Financing Agreement

• Thursday, 19th May 2016
• by Invest Gate

Barwa Real Estate, a Qatar-based real estate company, signed financing agreeements worth QR 310 million ($1.13 billion) with a local bank, of which it has not shared its name.

Jeddah Tower Construction Delayed Due to Contractor Problems

• Tuesday, 17th May 2016
• by Invest Gate

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

• Tuesday, 17th May 2016
• by Invest Gate

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

• Sunday, 15th May 2016
• by Invest Gate

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

• Sunday, 15th May 2016
• by Nadine Abou el Atta

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

• Tuesday, 10th May 2016
• by Invest Gate

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.