Construction on the Al Bayt stadium is progressing well with 95% of foundation work completed and the installation of the first sections of the 12-metre lower tier walls in place.
Source: New feed
Dubai: Kone wins 32 elevators deal for One Central
Twenty two Kone MiniSpace elevators and 10 KONE MonoSpace elevators will enable smooth people flow in all twelve towers of the One Central project
Source: New feed
Dubai to Doha in 23 minutes with Hyperloop?
A rapid transit system to transport passengers from Dubai to Doha within minutes is being investigated by US-based firm, Hyperloop One Inc, and Dubai?s Roads and Transport Authority
Source: New feed
GCC infrastructure spend could hit $288bn by 2020
Approximately 60% of GCC government expenditure is bound for infrastructure and transport in the next four years
Source: New feed
'Destination strategy' boosts Aldar's Q3 finances
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
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
Financing for the project is expected to close before the end of November
Source: New feed
UAE: Meraas to build 'Dubai Arena' by 2018
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
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
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