KSA’s Raza says two major residential projects will be delivered in Q3 2020

Developer says that work on East Village and Jeddah Obhur City is in full swing. Raza, the real estate arm of the...

Ajman Ruler issues new real estate development regulation law

Law aims to regulate real estate development projects in the emirate to forge a safe investment environment. HH Sheikh Humaid bin Rashid...

Lamprell wins EPIC contract for Sharjah gas and condensate field

Discovery of the onshore Mahani field was announced by SNOC and its partner Eni at the end of January2020. Sharjah National Oil...

Oman sees real estate deals hit $1.63bn in first two months of 2020

Number of plots issued till end of February was down by 5.7% compared to same period in 2019. The total value of...

Top officials briefed about construction progress on $220mn Bahrain International Exhibition and Convention Centre

309,00sqm facility will strengthen Bahrain’s event infrastructure and allow it to host larger events in future. Leading Bahrain government officials, led by...

Barakah Nuclear Energy Plant Unit 4 test completed successfully says ENEC

The plant’s four units will supply up to 25% of the UAE’s electricity by producing 5,600MW of clean, baseload electricity . Emirates...

KSA’s Binladin Group cuts thousands of jobs and slashes salaries due to COVID-19 crisis

Reuters report says thousands of staff have been let go or sent on unpaid leave. Saudi Arabia’s Binladin Group has cut thousands...

Kuwait construction sector facing mass closures due to COVID-19 lockdown

Kuwait Business Impact Survey finds that 39% of construction related businesses have shut down operations since lockdowns instituted. Approximately 39% of businesses...

Coronavirus: Raza announces COVID-19 relief package for commercial tenants

Company is the real estate arm of the Saudi Public Pension Agency (PPA) and a subsidiary of Al Ra’idah Investment Company (RIC)....

Etihad Rail begins construction of $4.9bn, 605km long second phase of rail network

Phase Two of the network will link Al Guwaifat on Saudi border, to Fujairah and Khorfakkan on the east coast of the...

Construction