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Qatar invests $27bn annually on infrastructure Infrastructure spend in Qatar remains one of the main investment areas.

Qatar invests $27bn annually on infrastructure

Work is under way to address water shortages in Qatar, along with major infrastructure spend around the 2022 World Cup tournament


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Dubai: Azizi unveils $80m Montrell apartments

Dubai: Azizi unveils $80m Montrell apartments

Strategically located in Al Furjan, Montrell Serviced Apartments will be directly connected to the Expo 2020 pavilion
 
DP World in MoU to develop Kaohsiung Port, Taiwan

DP World in MoU to develop Kaohsiung Port, Taiwan

DP World and Taiwan International Ports Corporation have signed a Memorandum of Understanding for the development of Kaohsiung Port’s Terminal 7 in Taiwan
 
Emaar Malls record 17% profit growth in H1 2016

Emaar Malls record 17% profit growth in H1 2016

Emaar Malls has distributed a cash dividend of 10% of the share capital, equivalent to $354m (AED1.3bn) in H1 2016
 
Saudis in bid for Grosvenor House and Plaza hotels

Saudis in bid for Grosvenor House and Plaza hotels

A Saudi-UK consortium has placed a $1.3bn bid to buy hotels in London and New York owned by Indian billionaire Subrata Roy
 

 

National Museum of Oman ready for opening

National Museum of Oman ready for opening

The museum aims to attract 120,000 visitors during the first year from its opening on 30 July
 
Wind tests seal durability of Emaar's The Tower

Wind tests seal durability of Emaar's The Tower

With wind being a major challenge in the development of high-rises, especially at very high altitudes, the tests are crucial in defining the final height and design aspects
 
Dubai: Nakheel posts $803m net profit in H1 2016

Dubai: Nakheel posts $803m net profit in H1 2016

Nakheel handed over 1,177 units to customers during the first six months of the year
 
AkzoNobel acquires ownership of coatings firm

AkzoNobel acquires ownership of coatings firm

AkzoNobel has acquired full ownership of Egypt-based Akzo Nobel Powder Coatings SAE
 
JLL: Saudi Vision 2030 set to boost real estate

JLL: Saudi Vision 2030 set to boost real estate

Delays have been experienced in the completion of projects in Jeddah, despite increased efforts being made to address the shortage of affordable housing
 
'Dubai-style tower' planned for UK development

'Dubai-style tower' planned for UK development

The development will be supported by a series of curved steel “ribs”, creating a sail-like shape that has resulted in it being “likened to the famous Burj Al-Arab hotel in Dubai”
 
Dubai: Dubai Properties launches Bellevue Tower 2

Dubai: Dubai Properties launches Bellevue Tower 2

The sustainable design of Bellevue Towers features contemporary façade with balconies and terraces for all apartments, with views of Dubai’s skyline
 
Kuwaiti group signs $113m deal for new US building

Kuwaiti group signs $113m deal for new US building

The investment opportunity in the office building is expected to provide a highly attractive income return, and is projected to yield net cash returns of 6% per year
 
DP World posts 2.5% gross volume growth in H1 2016

DP World posts 2.5% gross volume growth in H1 2016

Growth in the first half of 2016 was largely driven by a strong performance from its European and Indian subcontinent terminals
 
dorma+kaba wins $1.4m King Hussein hospital deal

dorma+kaba wins $1.4m King Hussein hospital deal

Expected to complete in late 2016, dorma+kaba will provide holistic solutions for all door functions to the cancer hospital
 
Siemens ships its first “Made in KSA” gas turbine

Siemens ships its first “Made in KSA” gas turbine

Siemens is supplying a total of 10 gas turbines – that were specifically designed for synthesis gas (syngas) – to Saudi Aramco’s Jazan project
 








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