Nakheel opens phase one of Souk Al Marfa

First retail destination on Deira Islands offers 400 stores in air-conditioned complex stretching 1.9km along waterfront. Dubai-based developer Nakheel opened the first...

Ithra Dubai Launches One Deira at Deira Enrichment Project

Mixed-use development aims to rejuvenate Dubai’s original commerce hub and continues to attract new and well-established commercial brands to the area. Ithra...

ACWA Power announces financial close for 1500MW Sudair solar plant

Plant will help KSA achieve the goals of Vision 2030, ACWA Power says. ACWA Power, the developer, investor and operator of power...

Union Properties announces $8.82m profit for H1 2021

Dubai-based developer posted a loss of $43.2m for the same period in 2020. Union Properties, the Dubai-based real estate developer listed on...

Arkan shareholders approve strategic merger with Emirates Steel

Transaction will create a listed national champion in the building materials and construction sector. Arkan Building Materials Company (Arkan), the UAE-based has...

KBR announces $400mn cash deal for acquisition of Babcock subsidiary Frazer-Nash

Transaction expected to close by third or fourth quarter of 2021. KBR, the US-based engineering, procurement and construction company, has announced that...

$3.4bn worth of infrastructure and development projects announced in KSA’s Tabuk region

Projects include initiatives related to housing, transportation, environment and agriculture. Saudi Arabia has announced several infrastructure and development projects worth more than...

Ritchie Bros to acquire Euro Auctions for $1.08bn

Acquisition to enable equipment auction behemoth to expand its reach in EMEA region and provide customers more equipment, solutions and services ....

ADFD agrees $26mn loan with Guinea to finance and develop major roads project

Project in Conakry will be key to economic growth and improved road safety. Abu Dhabi Fund for Development (ADFD), the economic development...

New law brought in for use of 3D printing in the UAE construction sector

Entities keen on conducting 3D printing activity in the sector must first register with Dubai Municipality and obtain a license. A new...

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