Agreements covering the development of $3.2bn worth of projects at the Sino-Oman Industrial City in Duqm were signed during the ground-breaking ceremony
Source: New feed
Author: constructionlead
Foundation Holdings appoints five new executives
The firm launched a joint venture with Bloom Holding in February, and aims to invest more than $272.2m (AED1bn) in the UAE
Source: New feed
Qatar infrastructure spend to reach $13bn in 2017
Qatar has earmarked $13bn in investments for 2017 with industry analysts predicting the market to peak within the first half of the year
Source: New feed
Dar Al-Arkan lists $500m sukuk on Nasdaq Dubai
Saudi Arabia-based developer Dar Al-Arkan has listed a $500m sukuk on Nasdaq Dubai, taking its listed total on the exchange to $1.35bn
Source: New feed
Bahrain and Kuwait Fund sign agreements worth $39m
The financing agreements cover the development of two community welfare projects in Bahrain, and were signed on the sidelines of the Joint Annual Meeting of Arab Financial Institutions
Source: New feed
Daimler launches amphibious Smart vehicle concept
Smart Automobile announces planned launch of amphibious Smart car capable of 15 knots and equipped with a refrigerator and ice bucket.
Source: New feed
Egypt’s Orascom completes US fertiliser plant
Egypt-based contractor, Orascom Construction, has completed the Iowa Fertilizer Company project, a two-million tonne nitrogen fertiliser plant in the US
Source: New feed
UPC inks deal with developers for CSR initiative
The signing ceremony held on the second day of Cityscape Abu Dhabi 2017 saw the UPC ink a service level agreement that officially launches its CSR initiative
Source: New feed
Tamouh secures $84.3m loan to fund Abu Dhabi mall
The ten-year financing will be provided by Abu Dhabi Islamic Bank (ADIB), which was the mandated lead arranger and sole bookrunner for the transaction
Source: New feed
Empower awards contracts valued at $16.8m
Source: New feed