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Dubai Parks and Resorts project structure ‘73% complete’
Cumulative spending on massive theme park project has touched $1.3 billion. Dubai Parks and Resorts says 73% of the project-structure works on...
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Dubai Healthcare City, Nshama partner for medical tourism project
Development will be part of Dubai Healthcare City’s phase two expansion. Dubai Healthcare City Authority has announced a joint venture with the...
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Oman’s $600m Saraya Bandar Jissah project on track – developer
Over 2,500 workers are on site at the under-construction tourism complex on the outskirts of Muscat. Construction of Saraya Bandar Jissah, the...
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Dubai’s Arabtec reports heavy losses in ‘difficult regional market’
Contractor reports fourth consecutive period of losses, falling $257 million further into the red in the third quarter. Arabtec, the Dubai-listed contractor,...
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Dubai’s Deyaar starts construction of school in Nepal
Developer will build a school for 150 students in the Himalayan country as part of its CSR strategy. Deyaar Development has started...
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Dubai’s Drake & Scull moves HQ to IMPZ
The contractor established its first office in Abu Dhabi in 1966. Drake & Scull International (DSI) has shifted to a new headquarters...
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Shares in Dubai’s Damac plummet after dip in Q3 revenues
Property developer’s share price falls by 6.62% despite 45% rise in quarterly profits. Shares in Damac Properties on Tuesday tumbled by more than...
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Key contracts awarded for Bahrain Marina project
Benoy, Bruce Shaw, HAJ, Hyder Consulting and AECOM win work on mixed-use development due for completion in 2020 . Real estate investment...
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Abu Dhabi’s Aldar to launch sale of Mayan units on Yas Island
Prices start at $217,800 for a studio apartment; residences will be available to buyers of all nationalities. Aldar is to launch sales...
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Riyadh authorities approve projects worth $5.6bn, smart city move
Developments include five hotels with 1,900 rooms, 850-unit apartment buildings and five health facilities. The High Commission of Development of Arriyadh has...