Average rent levels declined marginally during Q4 2016 in Sharjah, Ajman, Umm Al Quwain, and Fujairah
Source: New feed
Month: February 2017
Kuwait completes construction of schools in Iraq
Each of the well-equipped three schools comprise 16 classes, two administrative offices, and a clinic
Source: New feed
UWI to create cities for 15 million people by 2030
Dubai-based investment and development organisation, United World Infrastructure, has announced its plan to offer new cities and urban centres to 15 million people by 2030
Source: New feed
UAE ministry begins work on $68m road in Fujairah
The 6km project is expected to be ready by Q3 2019, with first phase works set for completion within six months
Source: New feed
Main contractor selected for seventh 2022 stadium
A Qatar/Turkey joint venture has been awarded to AlJaber Engineering and Tekfen as the main contractor for the seventh 2022 FIFA World Cup stadium
Source: New feed
Qatar to build 1,000 harbour berths
The four harbours will see the construction of 1,000 berths for private ships and boats in view of the growing demand for berthing facilities in Qatar
Source: New feed
January Construction Starts Jump 12 Percent
The value of new construction starts in January climbed 12% to a seasonally adjusted annual rate of $690.2 billion, according to Dodge Data & Analytics.
Source: New feed
Damac Properties launches investor relations app
The Damac IR App will enhance the company?s communication with stakeholders on the go, with financial information available in an easy to navigate platform
Source: New feed
Drake & Scull’s project backlog stands at $2.18bn
With a backlog of approximately $2.18bn, and an annual burn rate in the region of $820m, Drake & Scull has more than two years of secured projects
Source: New feed
Drake & Scull CEO attributes loss to legacy issues
The $214.4m net loss recorded by Drake & Scull International in 2016 was largely the result of legacy issues outside of the UAE, according to CEO, Wael Allan
Source: New feed