Kuwaiti Kamco Buys 16,500 Sqm Commercial Land in Riyadh

• Thursday, 14th July 2016
• by Eman El Sherbiny

Kamco, the top Kuwaiti investment company, with one of the highest assets under management (AUM) in the region announced that its real estate fund has bought a 16,500 square meter commercial land in Riyadh, Saudi Arabia.

Huawei and Dubai South Ink Agreement for Smart City Collaboration

• Wednesday, 13th July 2016
• by Eman El Sherbiny

Top global ICT solutions firm, Huawei has signed an agreement with Dubai South to implement future-city capabilities and services to Dubai’s South Business Park Free Zone.

Tanmiyat Group Finishes Full Handover of Dubai Office Tower

• Wednesday, 13th July 2016
• by Eman El Sherbiny

Dubai-based development firm, Tanmiyat Group announced the handover of its new office tower project at Business Bay in Dubai, Trade Arabia reported.

Qatar to Build Zaha Hadid Desert Flower-Shaped Hotel

• Wednesday, 13th July 2016
• by Eman El Sherbiny

Qatar is planning on building two buildings designed by the late Iraqi-British iconic architect, Zaha Hadid, which will include a desert-flower shaped tower near the site of the 2022 soccer World Cup final, a member of its ruling family said on Tuesday, according to Reuters.

Work on Oman’s Mix-Use Real Estate Project to Start in 2017

• Wednesday, 13th July 2016
• by Eman El Sherbiny

Construction work on the OMR 962,625 million ($ 2.5 billion) Omagine, which is a mixed-use tourism and real estate project, will begin in 2017 over a 1 million square meter beachfront area, Trade Arabia reported quoting a report.

Jordan’s Property Market Sees Over 6% Slump in 2016

• Tuesday, 12th July 2016
• by Eman El Sherbiny

Jordan’s property trade has witnessed during the first half of 2016 (H1 2016), a 6% fall when it comes to the total trade and revenues from real estate sales, dropping from 2015, ME Construction News reported quoting Jordan’s official news agency.

Dubai Plans Launch of Real Estate Performance Index

• Tuesday, 12th July 2016
• by Eman El Sherbiny

Dubai is currently planning on launching a real estate performance index to enable global investors to track and benchmark the real estate performance, Emirates 24/7 reported quoting the Dubai Land Department (DLD) Chief.

Damac Launches New Akoya Oxygen Golf, The Beach

• Tuesday, 12th July 2016
• by Eman El Sherbiny

Dubai-based Damac announced the launch of The Beach, which includes beach-style living apartments within the Akoya Oxygen development program in Dubai, Arabian Business reported.

Work Starts on Muharraq Central Market in Bahrain

• Monday, 11th July 2016
• by Eman El Sherbiny

Work on Bahrain’s Muharraq Central Market has begun following the evacuation of the area’s tenants, to sprawl over 9,800 square meters and be completed end of 2017, Trade Arabia reported, quoting a report.

Egypt’s Moukhtar Ibrahim to Expand Regionally

• Sunday, 10th July 2016
• by Heba Eid

Moukhtar Ibrahim, Egypt-based construction firm, plans to open two branches in Algeria and UAE, by the end of 2016, announced its chairman, Fayek El Banna.