Residential housing rentals could see as much as a 30% drop on the back of oversupply and low demand, according to real estate experts.
Source: New feed
Author: constructionlead
Wolfgang Bernhard steps down from Daimler board
Bernhard notifies Daimler?s leadership of his intention not to extend his current contract and will be released from his duties with immediate effect
Source: New feed
Transguard and Gunnebo extend cash-management deal
Transguard and Gunnebo have extended their existing partnership agreement, which combines automated cash-handling processes with transportation, storage, and counting
Source: New feed
Mapei sponsors Arabian Tunnelling Conference
As platinum sponsor of the fourth Arabian Tunnelling Conference and Exhibition, Mapei looks to showcase its underground expertise
Source: New feed
SDLG wins environmental leadership and CSR awards
Shandong Lingong Construction Machinery wins double award energy for saving product initiatives and successfully meeting low carbon emissions targets
Source: New feed
Saudi to allot 120,000 housing units this year
The programme, called ?Sakani?, is part of a the total 280,000 housing units and financial assistance to be allotted by the ministry
Source: New feed
First modular seating section of Al Bayt Stadium
Al Bayt Stadium in Al Khor is witnessing the first installation of its anticipated 60,000 modular seats
Source: New feed
Saudi plans to acquire South Korea’s Daewoo E&C
Korea Development Bank (KDB), who owns 50.75% of Daewoo E&C, plans to privatise the builder by the end of the year
Source: New feed
Riyadh Metro to be operational by 2019
The $23bn metro is one of the world?s largest urban transport projects and is set to handle 3 million commuters to relieve traffic congestion in Saudi?s capital city
Source: New feed
Dubai residents opt for more sustainable homes
The property consultant predicts a rise in prices during 2017 and particularly more towards 2020 in more affordable areas like Al Furjan, Discovery Garden and Silicon Oasis
Source: New feed