News / Middle East

Dubi’s RTA Contracts AED 703M Deals for Dubai Water Canal

Dubai’s Road and Transport Authority (RTA) awarded contracts for AED 703 million ($191 million) for construction work of the fourth and fifth phases of the Dubai Water Canal Project.

Abu Dhabi Launches Second Phase of Kizad Logistics Park

Abu Dhabi Ports, master developer, operator and manager of Khalifa Industrial Zone (Kizad), announced the launch of Phase 2 of Kizad Logistics Park (KLP)

Work Starts on AED 1B Dubai Hotel

Omniyat Group, Dubai-based real estate Company, announced it has awarded the enabling works contract for the Langham Place Hotel and Residences in Downtown Dubai, an AED1 billion ($272 million) investment.

Kuwait Set to Sign KWD 302M Infrastructure Deal

The Kuwaiti Ministry of Public Housing will contract out KWD 302 million ($1 billion) to a partnership between Italian Contractor Salini Impregilo and Turkey’s Limak Construction for roads and infrastructure works on South Al Mutall City Project.

Dubai Properties Launch AED1B Marassi Business Bay

Dubai Properties Group, a real estate developer, announced the launch of AED 1 billion ($272 million) project along the banks of the Dubai Canal in Business Bay.

Dubai’s Myra Launches AED 150M Apartment Project

Myra Properties, a Dubai-based real estate developer, has launched Crystal Residence, an AED 150 million ($41 million) residential project in Jumeirah Village Circle (JVC).

Deyaar, Asçioglu Sign Deal for $817M Midtown Project

Deyaar Development, a Dubai-based real estate developer, announced its partnership with Asçioglu, a Turkish developer, for the $817 million Midtown Development in Dubai.

Dubai to Build Giant Conference Center worth AED 1.8B

Dubai Municipality will develop AED 1.8 billion Convention Center, Arena, on the shores of the Creek.

Bahrain’s Mumtalakat Invest $250M in US Real Estate

Mumtalakat Holding Company, a Bahraini sovereign wealth fund, announced a partnership with Regent Properties, a real estate developer and investor based in the US, to acquire an interest in its numerous real estate assets in the US.

Saudi Construction Contracts Value Witness Sharp Drop by 51%

Saudi Arabia’s total value of construction contracts for the first quarter (Q1) of 2016 was recorded at SR 27.9 billion ($7.4 billion), dropping by 51% in comparison to the same period last year where the value reached SR 27.9 billion ($7.4 billion.

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