New Abu Dhabi-Dubai Highway worth AED 2.1 B to Open in 2016
The new AED 2.1 billion ($ 570 million) Abu Dhabi-Dubai highway, which is being built by Abu Dhabi General Services Company, Musanada is almost 83% complete and will be opened before the end of 2016, Construction Wee ...
Dubai’s Limitless Pays AED 2B Debt
Limitless, a UAE-based real estate developer, makes a debt payment of AED 2.07 billion ($563 million) to banks and trade creditors after reaching a restructuring agreement.
Abu Dhabi’s Aldar Sells 75% of Mayan Development
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
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
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
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
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.
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)
