The group already owns two luxury hotels in the capital, Budapest, namely The Ritz-Carlton, Budapest, and The InterContinental Budapest
Source: New feed
Month: September 2016
Saudi: United Seemac accused of salary non-payment
Saudi Arabia?s United Seemac has been accused of failing to pay the wages of 500 of its employees for periods ranging from six to 20 months
Source: New feed
Nuberg bags $20m chemical plant contract in Egypt
The calcium chloride from the chemical plant will be supplied mostly for the purposes of the markets of North and South America, Western Europe, Middle East, and Africa
Source: New feed
Dubai's DXB airport to be expanded for A380 gates
The upgrade and interior refurbishment project is part of the DXB Plus programme that aims to expand the airport’s annual capacity without additional construction
Source: New feed
Qatar Rail: Tunnelling completed on the Doha Metro
Qatar Rail has announced that the entire 111km of tunnelling for the Doha Metro have been completed with overall work on the metro now 50% complete
Source: New feed
MEP Awards: Nominations deadline closes tomorrow
Entries received after 28 Septembver will not be accepted
Source: New feed
Bahrain's Investcorp buys 10 new properties in US
The conclusion of these deals represents the culmination of a 12-month period during which Investcorp saw record investment volume in real estate of approximately $1.6bn
Source: New feed
‘International companies pushed risk onto MMG’
International construction firms operating in Saudi Arabia moved quickly to shift all risk onto local contractors in the wake of the 2008 financial crisis, according to MMG?s Adel Al-Mojil
Source: New feed
UAE: Wage protection decree effective from October
The decree, which will become effective in the UAE from October 2016, places further obligations on employers to pay workers on time, and sets out sanctions for those that fail to do so
Source: New feed
Dodge Data & Analytics to Present 2017 Construction Industry Forecast at Annual Outlook Conference
Hedge fund luminary and housing finance expert Steve Eisman to deliver keynote address ahead of 2017 forecast unveiling.
Source: New feed