Approximately 60% of GCC government expenditure is bound for infrastructure and transport in the next four years
Source: New feed
GCC infrastructure spend could hit $288bn by 2020
November 8, 2016
'Destination strategy' boosts Aldar's Q3 finances
November 8, 2016
Aldar recorded quarterly off-plan development sales worth $272.2m (AED1bn) in Q3 2016, driven primarily by its Yas Acres and Mayan projects
Source: New feed
Saudi: Posco E&C bags $900m construction contract
November 8, 2016
Posco E&C will build a four-star hotel in Saudi Arabia comprising of 3,070 rooms by February 2016 in the city of Medina
Source: New feed
Meydan Group seeks $122.5m loan for new project
November 8, 2016
Financing for the project is expected to close before the end of November
Source: New feed
UAE: Meraas to build 'Dubai Arena' by 2018
November 8, 2016
Meraas Holding will build the Dubai Arena, a 20,000-seat, indoor events stadium
Source: New feed
DEWA to build 250MW power station in Dubai's Hatta
November 8, 2016
The power station will use the water stored in the mountains next to Al Hattawi dam, and is expected to have a life span of 60 to 80 years
Source: New feed
Saudi to pay back companies after oil-led delays
November 8, 2016
A council headed by Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman bin Abdulaziz confirmed outstanding payments will be made by December 2016
Source: New feed
Steel alliance pledges support for stringent rules
November 7, 2016
With the UAE Fire and Life Safety Code of Practice undergoing a revision, support for stricter laws against counterfeit steel products are being pledged
Source: New feed
Saudi HVACR market to grow 13% in next five years
November 7, 2016
The Saudi refrigeration market is expected to grow nearly 13% in the next five years
Source: New feed
Fujairah – Qidfa roadworks to begin next year
November 7, 2016
Contractor to implement roadworks on the Fujairah ? Qidfa Road has been selected, construction will commence 2017 beginning
Source: New feed