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)
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. 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.
