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Saudi Arabia approves overseas labour offices
Labour attaché offices to open in Egypt, India, Philippines, Pakistan, Bangladesh and Indonesia. Saudi Arabia plans to open overseas labour offices, in...
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Dubai launches $354m development plan for Hatta
Plan seeks to make Hatta a top environmental tourist destination. A $354 million comprehensive development plan for the Hatta area in the...
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Meydan seeks $122.5m loan for hotel project – report
Developer expected to close financing before the end of November. Meydan Group, the Dubai-based developer of hospitality and entertainment projects, is seeking...
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Meraas plans 20,000 seat arena on Dubai’s City Walk
Dubai Arena project expected to be completed by the end of 2018. Meraas has announced the development of a 20,000 seat arena...
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RAK Properties reports profit hike in first 9 months of 2016
Developer made $21.54 million in the first three quarters; to invest $1.36bn in major new development in Ain. RAK Properties, Ras Al...
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Saudi govt to pay private sector dues ‘this year’
Many payments to the construction sector were held up in the wake of the oil price crash. Saudi Arabia will pay money...
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Dubai’s Damac Properties Q3 profit slips 11.7%
Developer increased total assets to $6.62bn in first nine months of 2016. Damac Properties has reported a 11.7% fall in third-quarter net...
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Bahri & Mazroei Group appoints Youssef Saidi as new COO
In his new role, Saidi is tasked with driving the group’s growth and performance in the region. Bahri & Mazroei Group, electrical...
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Denmark’s FLSmidth signs $200m deal with Iraq Cement Co
EPC contract will ensure the supply of 6,000 tonnes of cement per day to Al Muthana region. FLSmidth, the Denmark-based mining and...
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Opening of Louvre Abu Dhabi delayed to 2017 – report
Official opening of the museum has been pushed back due to pending construction work, says Reuters. The official opening of the Louvre...