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Egypt’s Orascom Construction returns to profit
Cairo and Dubai-listed group posts $23m net profit in first quarter. Egypt’s Orascom Construction has reversed its loss-making run, having reported $23...
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Italy’s FILA showcases technologies at Mideast Stone Show
The region is an important market for FILA as it is a gateway to markets like India and Indonesia. Italian surface solutions...
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Plans for $272m Dubai Canal project unveiled
Marasi Business Bay development, launched by Dubai Properties Group, is set for completion by 2023. Plans for a project worth more than...
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World’s ‘first 3D-printed office’ opens in Dubai
Building next to Emirates Towers in Dubai took 17 days to ‘print’, and was installed on site within two days. The “first...
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Saudi contract award values plummet by 51%
Q1 saw the sharpest quarterly decline in the value of awarded contracts since 2009, and a 51% drop on last year. Saudi...
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Contract awarded for $490m Dubai Conference Centre
Arena will include Sheikh Rashid Hall, which will cater for 10,000 people and span an area of 190,000 square feet. Dubai Municipality...
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Egypt’s Palm Hills ‘to deliver 1,800 housing units this year’
Developer also aims to boost the proportion of its business made up of recurring revenues. Egyptian property developer Palm Hills aims to...
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ACC wins contract for Emaar project in Jeddah
Arabian Construction to build three high-rise towers with 283 residential units in Jeddah Gate community. Emaar says it has awarded the Arabian...
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FIFA: Qatar 2022 World Cup works ‘on track’
Jürgen Müller, head of planning and infrastructure, says FIFA is ‘very happy with preparations’. Qatar’s preparations for the 2022 FIFA World Cup...
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Troubled Saudi Binladin Group ‘secures $667m loan’
Construction firm said to agree loan with local banks to ease its financial pressures, according to Reuters report. Crisis-hit Saudi Binladin Group...