UAQ issues new resolution on foreign freehold real estate ownership

Resolution Number 4 of 2021 will grant foreigners, limited liability companies partly owned by foreigners, free zone companies and offshore companies, will...

Abu Dhabi Chamber and CONNECT launch international events in Abu Dhabi for the construction and manufacturing industries.

Abu Dhabi Chamber of Commerce & Industry and CONNECT announce two inaugural events, Middle East Design & Build Week (MEDBW) and Middle...

ALEC FITOUT signs agreement with Procurified to enhance its estimation and procurement operations

ALEC FITOUT joins platform which is accessible to users via an online log-in and saves estimation and procurement professionals around 80 percent...

HH Sheikh Mohammed bin Rashid Al Maktoum allocates $17bn to Emirati housing programme in Dubai

Allocation is part of implementation of Dubai 2040 Urban Master Plan. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...

Oman’s RCC confirms $30mn Duqm grinding unit will be on stream in Q4 2021

New plant will raise annual group output to 7.4 million tonnes. Raysut Cement Company (RCC), Oman’s largest cement manufacturer with a global...

Millennium Hotels & Resorts MEA outlines 18 hotel expansion plan

Firm says it will a little over 1,000 keys to its portfolio by the end of the year. A hotel development pipeline...

23 new factories to be built in Saudi Arabia says Modon

Move is part of Modon’s strategy to empower industry and contribute to increasing local content. 23 new factories that will produce solar...

Saudi Arabia to begin bid process for development of worker housing at Neom

The government is said to have accelerated the pace of work at Neom. Saudi Arabia will begin inviting bids for the construction...

Ritchie Bros. to offer financing from Emirates NBD at Dubai online auction

Expanded range of assets eligible for financing from the bank for UAE-based customers at September 28-29 sale . Buyers at the upcoming...

Union Properties agrees exit from the ownership of Motor City shopping centre under construction in Dubai

MoU valued at $114.3 million and was signed with a leading real estate developer in Dubai. Union Properties, the Dubai-based real estate...

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