Economic slowdown curbs appetite for office space, while free-zone areas continue to maintain strong demand in Dubai
Source: New feed
ARA Forecasts US Rental Revenue To Exceed $57B in 2020
In a sign that the trend toward equipment renting is not slowing down, the American Rental Association says the rental industry can expect a compound annual growth rate of 4.9% over the next few years. ARA’s five-year forecast predicts that U.S. rental revenue will top $57 billion in 2020, a significant increase over the $47.6 billion estimated for 2016.
Source: New feed
Fifty Global Builders Set to Bid on Big Israeli Housing Program
Country will choose six to expedite needed residential construction.
Source: New feed
Emrill signs fleet management deal with Hertz
UAE FM firm Emrill has signed a four-year deal for Hertz to handle its entire fleet operations
Source: New feed
Emaar rejects reports of $1bn project in Turkey
Arabic media have quoted a Turkish official as saying that Emaar?s involvement in the project would include the development of a five-star hotel
Source: New feed
Al Qasba launches free vehicle-charging stations
Sharjah leisure destination Al Qasba inaugurates two free charging stations for electric vehicles
Source: New feed
Saudi: Sheraton Makkah to open in Q4 2016
Altayyar Travel Group Holding Company is set to build Sheraton Makkah Jabal Al Kaaba, which will feature 414 rooms and serviced apartments
Source: New feed
KEO leads CEEQUAL assessment in the Middle East
With the aim of achieving the highest environmental and sustainable performance on Qatar?s IDRIS Program, KEO is undertaking the first CEEQUAL Assessment in the Middle East
Source: New feed
Saudi: 2,800 hotel rooms, 11 projects underway
More than 2,800 new hotel rooms will be built as a result of 11 projects under way with international investments in Saudi Arabia
Source: New feed
RAK Properties completes pilot recycling scheme
A pilot scheme conducted by RAK Properties and RAK Waste Management Authority succeeded in recycling 305kg of waste at Ras Al Khaimah?s Mina Al Arab community
Source: New feed