Abu Dhabi’s Aldar Sells 75% of Mayan Development

• Wednesday, 1st June 2016
• by Invest Gate

Aldar Properties, Abu Dhabi-based real estate developer, sold over 75% of its golf and waterfront development on Yas Islan, Mayan.

Disputes Value up 7% in Region Construction

• Wednesday, 1st June 2016
• by Invest Gate

Dispute values in the Middle East Region rose to nearly 7% , their highest value since 2011, according to a report by Arcadis, a design and consultancy firm.

Al Futtaim to Invest AED 30B in UAE by 2026

• Wednesday, 1st June 2016
• by Invest Gate

Majid Al Futtaim announced that the company will increase total investment in UAE by AED 30 billion ($8.16 billion) by 2026.

Dubai’s Arabtec to Use AED 1B Reserves to Wipe Out Losses

• Wednesday, 1st June 2016
• by Invest Gate

Dubai’s Arabtec Holding, a construction firm, announced its plan to use AED 1 billion ($272 million) of the company’s reserves to wipe out some of its accumulated losses.

UAE’s Dubco Wins AED 194.5M Zayed Housing Program Deal

• Tuesday, 31st May 2016
• by Invest Gate

Dubco Construction, a Dubai-based firm, won an AED 194.5 million ($53million) contract to build and maintain homes for the country’s Zayed Housing Program.

UDC Signs MoU to Sell Pearl-Qatar Tower

• Monday, 30th May 2016
• by Invest Gate

United Development Company (UDC), a Qatar-based public shareholding Company, signed a Memorandum of Understanding (MoU) for the sale of AQ-02 office tower located at The Pearl-Qatar, within Abraj Quarter precinct.

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

• Sunday, 29th May 2016
• by Invest Gate

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

• Saturday, 28th May 2016
• by Invest Gate

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

• Saturday, 28th May 2016
• by Invest Gate

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

• Wednesday, 25th May 2016
• by Invest Gate

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.