Sunday 28 May 2017

Enmaa sets up fund for $1bn Saudi mixed-use complex

Saudi-based Al Enmaa Investment Company said it has set up a new real estate development fund to build a residential and commercial complex near the Al Haramain train station in the port city of Jeddah at an investment of SR4 billion ($1.06 billion). The Darb Al Haramain complex will c


Omani warehouses, industrial units urged to install solar panel

All warehouses and industrial units in Oman should install solar panels to run their operations, and achieve self-sufficiency in energy generation, said a senior Omani ministry official. All factories coming up in Samayil and Nizwa, along with the ministry’s expansions in S


Saudi Electricity inks $1.46bn projects deal

Saudi Electricity Company (SEC) has finalised implementation and operation of a number of electric transmission and interconnection projects in the northern regions of the kingdom at a total cost of SR5.5 billion ($1.46 billion). They included six plants for transmitting electric


Abu Dhabi launches $870m solar power plant

Abu Dhabi has launched a Dh3.2 billion ($870 million) project to build the world's largest independent solar power plant, which will position the emirate as the global capital for best economic, environmental and technological practices. A ceremony was held on Wednesday to la


Al Shirawi partners with US roofing contractors

Al Shirawi Contracting Company, the UAE’s leading waterproofing specialist, has become the first local company to employ the training services of the US-based National Roofing Contractors Association (NRCA), an international authority in the roofing industry for information, education, te


UAE tile market set for growth amid Expo 2020 boom

The UAE's tile market is poised for solid growth mainly driven by the construction activities linked to the Dubai Expo 2020, said an industry expert, citing a report. In the UAE, demand for tiles is predicted to grow by 12 per cent, thanks to the ongoing hotel and tourism pro


Portuguese furniture group opens in Abu Dhabi

Juliarte, a Portuguese company involved in the sale of premium handicrafts, antiques and authentic furniture pieces, has announced its Middle East foray with the launch of its 'House of Treasures' outlet at Deerfields Mall in Abu Dhabi, UAE. The company made the announcem


UAE fund pumps $16bn into Arab infrastructure projects

UAE-based Abu Dhabi Fund for Development had invested a total of Dh80 billion ($22 billion) into key development projects, covering major sectors including infrastructure, education, health, housing, transport, irrigation, agriculture and renewable energy, across the globe till date.


ODG lands Muscat airport duty free design work

ODG, a leading consultancy and design agency based in the UAE, said it has won a major contract to design and project manage the entire duty free at the New Muscat International Airport in Oman. The company (previously known as Open D Group, Retail Access and Sparkle), has been s


Xanadu delivers $204m Dubai residential projects

Xanadu Real Estate Development, a property developer based in Dubai, has announced the delivery of nearly 200 luxury villas and townhouses with a development value of over Dh750 million ($204 million). This is part of the Dh8 billion ($2.2 billion) worth of projects Xanadu helped

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