The Islamic real estate financier’s net profits registered a 52% decrease in 2017, dropping to $14m (AED51m) from $29.1m (AED107m) in 2016
Source: New feed
Author: constructionlead
Tabreed acquires 50% of Aldar's Reem Island district cooling plant
Tabreed will have 100% ownership following the completion of the transaction, which is subject to relevant regulatory approvals
Source: New feed
KAEC, Metito break ground on $59m desalination plant in Saudi
Source: New feed
Video: Construction Week In Focus – Does district cooling work for villas?
Why do the Middle East’s MEP professionals want to refrain from using district cooling for villas? Watch Episode 4 of Construction Week In Focus to find out
Source: New feed
Greek law firm to break into UAE
Greek legal practice Glykos, which provides legal expertise on a range of issues include property search and mortgage control, plans to open an office in the UAE
Source: New feed
Construction commences on $79m court project in Dubai
The foundation stone for a $79m Cassation Court and smart parking buildings project has been laid, marking the start of construction works on the development
Source: New feed
Streamlined contractor registration system launched in Dubai
A system allowing contractors to design and implement industrial buildings without needing to appoint a consultancy office has been launched by Dubai Municipality
Source: New feed
Damac issues construction tender for second Aykon City tower
Damac Properties has issued a tender for construction of the second of six towers in the Aykon City development
Source: New feed
Abu Dhabi Fund commits $17.5m to Seychelles energy projects
Source: New feed
UAE to have rail link with Saudi Arabia by December 2021
The UAE will complete a rail link to Saudi Arabia by December 2021, a senior transport official said on Monday
Source: New feed