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
Dubai's Damac launches Akoya Cuatro Villas
AKOYA Cuatro Villas feature four-bedroom units with green outdoor spaces at a starting price of $435,590 (AED1.6m)
Source: New feed
RAK Properties' Julphar Residence to open in 2018
The property will offer 266 apartments, ranging from studios of 41 sqm to three-bedroom units of 181 sqm
Source: New feed
Saudi mulls $20bn worth of project cancellations
Government officials in Saudi Arabia are reviewing thousands of projects worth $69bn, and could cancel a third of them, according to <i>Bloomberg</i>
Source: New feed
Ashghal: 21 new school buildings ready for 2017
Ashghal has delivered 11 out of 15 new design-enhanced schools and kindergartens in time for the new academic year, with the remainder due for handover by September-end
Source: New feed