MENA construction sector faces severe slump in 2020

GlobalData report says that pace of regional recovery will be slow, with headwinds in 2021. The construction output growth forecast for the...

Evolving with the times

Masood Al Awar, CEO of Medallion Associates, on the state of the UAE’s real estate market, and why quick-thinking developers and investors...

Union Properties completes $133.4 million capital increase of three subsidiaries

Main objective to reveal its assets and its subsidiaries, states Union Properties. One of UAE’s largest real estate development companies – Union...

India’s Shapoorji Pallonji eyes major expansion into Saudi Arabia

Construction giant has culminative project orders worth $2.7bn in the GCC, with several in the Kingdom. Shapoorji Pallonji, the Indian business conglomerate...

Digital Twins: A high benchmark

Dr. Anas Bataw, director of the Centre of Excellence in Smart Construction (CESC) at Heriot-Watt University in Dubai discusses the importance of...

Depa: Arabtec liquidation ‘likely’ to have material impact on interior solutions group

Depa says it is awaiting 'clarity' on the impact of Arabtec shareholders’ approval for liquidation with a financial balance owed from the...

UAE consortium wins approval for $500 million wind farm project in Egypt

Egypt approves land allocation and also announces MENA’s first sovereign green bond focusing on anti-pollution and renewable energy projects. The Egyptian Ministry...

KSA construction industry contracted by 2.8% in 2020 – GlobalData Report

Contraction in line with expectations of a severe decline in construction output in Saudi Arabia in Q2 2020. Saudi Arabia’s construction industry...

Saudi’s Tourism Development Fund inks $42.66bn financing deal for key projects

The Tourism Development Fund was founded in June with an initial $4bn investment and aims to diversify the economy . Saudi Arabia’s...

ADM and Huawei announce build and certification of municipal data centre

Huawei is said to have the largest share of the global modular data centre market. Abu Dhabi City Municipality (ADM) has said...

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