Tuesday 25 April 2017

Mubadala unit seals $2.5bn French equity deal

UAE-based Mubadala Development Company said its financial investment arm has announced a $2.5-billion investment deal with French private equity firm Ardian, which includes the creation of a private equity fund. As per the agreement, Ardian will invest $1.75 billion to acquire a


Ithra Dubai starts work on two landmark projects

Ithra Dubai, a real estate developer and asset manager, said work has started on two of its landmark projects in Dubai, UAE - One Za’abeel and Deira Enrichment Project. A wholly-owned company of Investment Corporation of Dubai (ICD), Ithra Dubai was established to develop r


Saudi Arabia set to build five hitech hospitals

The Saudi government has launched health projects worth more than SR1.1 billion ($293 million) in the Najran region of the kingdom, said a report. The projects include development of five modern hospitals, two healthcare units, a specialised dental centre and 13 primary health ca


Saudi expo to put spotlight on Ajman real estate

Ajman's Department of Land and Real Estate Regulatory will be highlighting the potential investment and growth opportunities in the UAE emirate, mainly in the real estate segment, at a key industry event in Riyadh, Saudi Arabia. The Riyadh Real Estate & Urban Development


Manara to unveil novel housing projects at Gulf Property Show

Manara Developments, a leading real estate development company, is set to launch two unique housing projects - Hasabi and Wadi Al Riffa - at the Gulf Property Show 2017 which opens this week in Manama, Bahrain. The event, being organised by Hilal Conferences and Exhibitions (HCE)


Doosan Bobcat names new EMEA president

Doosan Bobcat, one of the world's biggest compact construction equipment companies, has appointed Alvaro Pacini as its new president for the Europe, Middle East and Africa (EMEA) region. In his new role, Pacini will be responsible for Doosan Bobcat’s EMEA business, representi


Global steel demand to hit 1.5bn tonnes in 2017

Global steel demand will grow by 1.3 per cent to more than 1.5 billion tonnes in 2017, and increase by 0.9 per cent to a little over 1.548 billion tonnes in 2018, said a report. China will likely see flat demand this year, followed by a two per cent decline in 2018, stated Platts


Saudi-Korean JV to set up $50m chemical plant

Saudi-based Maydan Industry for Industrial Development & Investments Company will join forces with Ahmad Kassim Al Amoudi Group Company (AKA) and the South Korean technology company SFC to establish a manufacturing plant in PlasChem Park. said a report.   


TDIC sees record sales of housing units at Cityscape

Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, said about 60 per cent of the residential units on its Saadiyat Island development within the first two days of Cityscape Abu Dhabi expo.


Euromoney to host key seminar on Saudi REITs

Euromoney Conferences is set to join hands with Knight Frank, a leading independent real estate consultancy, to host a special one-day executive briefing on Saudi's real estate investment trusts (REITs) in the capital Riyadh. Since legislation was passed clarifying the rules

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