Saudi Arabia’s real estate sector alone was lent $55bn in 2017, according to a JLL-Clifford Chance paper examining alternative funding sources in the Middle East
Source: New feed
Author: constructionlead
Landia to supply pumps for Jordanian wastewater plant
Landia will supply flowmakers to a wastewater treatment facility that is currently being expanded in Aqaba, Jordan
Source: New feed
DIFC expands services to target Chinese property investment
Property investment by Chinese buyers accounted for 3% of total sales in 2017, according to DLD statistics
Source: New feed
Chinese firm wins $150m EPC contract for Dubai's California Village
China Machinery and Engineering Corporation will build and finance up to 85% of Bahrain-based GFH’s mixed-use gated community in Dubailand
Source: New feed
GCC project progress takes Kuwait's Mazaya to $10m profit in H1 2018
The developer’s $9.6m net profit comes as the developer makes headway with its Q-Zone (Dubai), Mazaya Downtown (Kuwait), and Al Mazaya Residence (Oman) schemes
Source: New feed
Egypt's Sisi inaugurates Orascom-built Burullus power plant
Orascom was part of consortium engaged on work for Burullus power plant, one of several megaprojects under development in Egypt
Source: New feed
June Construction Starts Jump 11 Percent
NEW YORK – July 25, 2018 – New construction starts in June climbed 11% to a seasonally adjusted annual rate of $896.3 billion, according to Dodge Data & Analytics.
Source: New feed
Emaar, Dubai police ink 'smart' police station MoU
The walk-in station at Arabian Ranches will be open 24/7, offering services like crime and traffic incident reporting without the need for human intervention
Source: New feed
Nakheel signs $80m deal to build Centara operated resort
Nakheel signs nearly $80m construction contract to build a 601-room beachfront resort at Deira Islands
Source: New feed
Dubai design launches "Design for Good"
d3’s Design for Good programme, based on three key pillars, will see two projects roll out within 2018
Source: New feed