Under the terms of the agreement, Al-Futtaim Motors will conduct all service and spare parts activities for Saaed?s fleet of Toyota vehicles
Source: New feed
Gulf construction sector becoming “creative” to secure funding
Problems with liquidity have pushed construction industry stakeholders in the Middle East to pursue non-traditional forms of financing, says Shimmy Mathew, CFO of KBW Investments
Source: New feed
Arabtec wins $99m contract for new mall in Dubai South
Work on the new mall to begin this month, which will have 83,000m2 built-up area over three levels
Source: New feed
Abu Dhabi tenders worth $2.8bn processed in H1 2017
Al Maqta’a Bidding Hall processed tenders issued by Abu Dhabi Distribution Company, Musanada, and Abu Dhabi Tourism and Culture Authority during the period
Source: New feed
GCC market for materials handling equipment to exceed $4.8bn by 2020
Revenues associated with materials handling equipment in the GCC are forecast to grow by over 4% to an estimated $4.8bn to 5.0bn by 2020, up from $3.78bn in 2014, according to Frost & Sullivan
Source: New feed
In Pictures: Top 5 Saudi Vision 2030 projects
From Jeddah to Riyadh, Saudi Arabia is currently undertaking several megaprojects across the kingdom as part of Saudi Vision 2030. Here are the top five ongoing projects in Saudi this year
Source: New feed
Abu Dhabi's Madinat Zayed centre set for $11m refurb
Abu Dhabi City Municipality (ADM) and Line Investment and Property will redevelop the Madinat Zayed Shopping Centre, with ADM also set to operate the facility for 10 years
Source: New feed
Poor project structuring leads to disputes, says legal expert
Poor project structuring has led to financing-related disputes in the region, says Paula Boast, head of construction, engineering, and projects in the Middle East at Charles Russell Speechlys
Source: New feed
Diyar Al Muharraq’s Sarat project close to completion
Bahrain?s Diyar Al Muharraq has announced the completion of its Sarat residential project
Source: New feed
UAE contract awards hit $22bn, says report
Source: New feed