The investment opportunity in the office building is expected to provide a highly attractive income return, and is projected to yield net cash returns of 6% per year
Source: New feed
DP World posts 2.5% gross volume growth in H1 2016
Growth in the first half of 2016 was largely driven by a strong performance from its European and Indian subcontinent terminals
Source: New feed
RTA tenders to pick consultant for land studies
Dubai’s Roads and Transport Authority has launched a tender to pick a consultant for its Lands and Best Use studies, an official told CWO
Source: New feed
dorma+kaba wins $1.4m King Hussein hospital deal
Expected to complete in late 2016, dorma+kaba will provide holistic solutions for all door functions to the cancer hospital
Source: New feed
Egypt’s Orascom buys 24 Grove rough-terrain cranes
Orascom Construction has taken delivery of 24 Grove rough-terrain cranes, the majority of which have been sent to work at power plants and oil refineries
Source: New feed
Vivanta by Taj in JLT to complete in October 2018
The UAE?s first Vivanta by Taj, which is currently being built in Dubai?s Jumeirah Lake Towers, is on course to complete by October 2018, according to Signature Holdings
Source: New feed
Siemens ships its first “Made in KSA” gas turbine
Siemens is supplying a total of 10 gas turbines ? that were specifically designed for synthesis gas (syngas) ? to Saudi Aramco?s Jazan project
Source: New feed
EPICO expands to meet FM demand from Abu Dhabi CBD
Properties in EPICO’s portfolio are fully occupied "despite softening real estate prices across the region", the company’s general manager said
Source: New feed
UAE: 54,000 new hotel rooms under construction
The hotel construction report revealed that the majority of the new hotels are expected to open before 2020
Source: New feed
Saudi Arabia's Al Khodari slumps to Q2 net loss
The Saudi Arabian construction firm made a net loss of $11.6m (SAR43.34m) in the three months to June 30
Source: New feed