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SK Engineering raises $100m from Gulf banks
South Korean firm has worked on a number of Middle East projects. A consortium of banks led by Mashreq has signed a...
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Deyaar: Atria twin towers in Dubai 25% complete
Project scheduled for handover by mid-2017. Dubai’s Deyaar Development says The Atria project, a 1.25 million sqf mixed-use twin tower complex launched...
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Gulf construction in 2016: Experts give their outlook
Industry looks to year ahead after ‘interesting and challenging’ 2015. Both interesting opportunities and challenges await the Gulf construction sector in 2016,...
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Egypt’s SODIC, Heliopolis Housing to co-develop East Cairo project
Project is expected to create over 40,000 jobs. The Egypt-listed Sixth of October Development Company (SODIC) says it has been offered the...
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Villa sales on Dubai’s Palm Jumeirah top $255m
Price per square foot dips to $680, analysis finds. Villa sales on the Palm Jumeirah in Dubai raised AED 938 million ($255m)...
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UAE’s Al Habtoor plans $544m hotel investments in ‘16
Conglomerate eyeing investments in Europe and US. The UAE-based Al Habtoor Group says it has allocated AED 2 billion ($544m) to be...
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Damac removes Trump name from Dubai golf site
Move apparently prompted by presidential candidate’s anti-Muslim remarks. Damac Properties has removed the Trump name from a $6 billion golf development in...
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Tadweer looks to set GCC construction waste standards
Abu Dhabi body developing waste-management masterplan. Tadweer, the Centre of Waste Management in Abu Dhabi, is looking to set GCC-wide standards for...
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Payment concerns stall ASGC’s Saudi expansion plan
Bishoy Azmy, CEO of the Dubai-based contractor, expresses concern over timely payments. Concerns over prompt payments are holding back Al Shafar General...
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Meydan One Mall final design ‘to be confirmed by early 2016’
The new mall will boast world’s largest indoor ski slope, at 1.2km. The final design and layout of Meydan One Mall will...