Arabtec Holding to file for bankruptcy, claim reports

Reuters claims Arabtec email states backdrop of adverse market conditions has led shareholders to approve the liquidation and dissolution of firm. Arabtec...

Expert insight: How insurers and banks will drive BIM for asset management

Do you know what’s inside your building and what it’s made of? Insurers are starting to ask, and BIM holds the key,...

DMCC completes $12.6m real estate transaction with Saudi’s Musharaka Capital

Deal sees Musharaka buy 5,400sqm plot of land containing a 13,860sqm self-storage facility in JLT. Dubai Multi Commodities Centre (DMCC), the Dubai...

UAE leads GCC in new project announcements and contract awards despite pace of construction slowing

73% month-on-month drop in new project announcements and 28% month-on-month drop in contract awards. The pace of construction activity in the GCC...

Kuwait SCPD provides updates on $10.4bn worth of projects

135 projects included in the annual 2019-2020 development plan. Kuwait has announced that the total number of projects included in the annual...

UAE environment minister to chair Heriot-Watt research hub

Dr Abdullah Belhaif Al Nuaimi, UAE minister of Climate Change and Environment appointed chair of the university’s Centre of Excellence in Smart...

Israeli investors eye mutually beneficial investment and trading partnerships in UAE

Investors have shown a keen interest in developing partnerships in various sectors of the regional economy, including real estate. Following the signing...

GCC market eyeing mergers and reduction in unit prices, says Saudi real estate company

Solutions to minimise business risks in Covid-19 environment include up to 25% reduction in prices. Real estate developers in the GCC are...

ADNOC and Apollo-led consortium enter into $5.5bn real estate investment partnership

Agreement is a continuation of ADNOC’s smart growth strategy to attract FDI into the UAE and to partner with leading global investors....

Shanghai Electric wins MBR Solar Park EPC contract

The newly appointed contractor is charged with delivering the 900MW phase of the largest single-site solar power plant in the Middle East....

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