The Saudi Arabian government has called off rescue talks with troubled contractor Saudi Oger, according to newswire, Reuters
Source: New feed
Author: constructionlead
Swaidan supplies 700 Ashok/Sunwin buses in the UAE
Swaidan Trading delivers a large volume of buses to public and private fleets for the start of the school year
Source: New feed
Top 10 announcements from Cityscape Global 2016
Construction Week rounds up the top 10 project announcements made during the Cityscape Global, held between 6-8 September, 2016
Source: New feed
PPP: Pension funds secure 20% of OCEC Crowne Plaza
Pension funds have secured a 20% stake in the Crowne Plaza hotel at Oman Convention and Exhibition Centre, part of Omran?s PPP Madinat Al Irfan Urban Development
Source: New feed
Emaar Economic City affiliate signs $720m loan
Ports Development Co secured a murabaha facility from Arab National Bank and Saudi British Bank with a tenure of 14 years
Source: New feed
Saudi Oger mulls sale of airport operator stake
The contractor has initiated talks to sell 16.7% stake in Tibah Airports Company, the outfit that operates the Madinah airport, to Turkish partner TAV
Source: New feed
Nakheel awards $51m deal for Nad Al Sheba villas
Nakheel has awarded Dubai-based Square General Contracting Co. to build the villas in the fourth and final construction package of Nad Al Sheba
Source: New feed
Chinese trailer manufacturer plans Bahrain plant
CIMC Vehicle Group, a leading trailer manufacturer, plans production facility in Bahrain following courting by the Bahrain Economic Development Board
Source: New feed
RAK Properties unveils $1.3bn mixed-use project
The $1.3bn (AED5bn) development in UAE’s Ras Al Khaimah features a shopping mall, entertainment zones, luxury hotels, and residential properties
Source: New feed
UAE: Damac launches new projects within Aykon City
Aykon City comprises an 80-storey Aykon Hotel and Residences, a 63-storey serviced hotel residences, a 60-storey apartment tower, and a 65-storey office tower
Source: New feed