• Saudi real estate deal volumes down 13pc on spending cuts


    Saudi Arabia's real estate transaction volumes for the second quarter fell by 13 per cent compared to the same period last year, amid challenging conditions in the kingdom as both corporates and consumers reduce spending plans, said an expert.

  • Dubai issues new laws for becoming bicycle-friendly city


    Dubai is set to introduce new laws and legislations to promote cycling both as a sport and a means of eco-friendly transport. It will also adopt global best practices and safety and security measures needed to develop a bicycle-friendly infrastructure.

  • Masdar to buy 50pc stake in EDF's US clean energy portfolio


    Leading clean energy developer Masdar has announced its second strategic investment in the US in a deal with EDF Renewables North America that will see it acquire a 50 per cent stake in a 1.6-gigawatt (GW) clean-energy portfolio.

  • Deyaar's H1 revenue, net profit registers decline


    Deyaar Development said its revenue for the first half fell to AED174.5 million ($47.4 million) from last year's figures of AED337.6 million ($92.2 million) amid challenging economic conditions. Its net profit too posted a decline hiting AED8.5 million.

  • Dutch greenhouse builder BOM lands key GCC project


    Pure Harvest Smart Farms, the region’s leading agribusiness, has commissioned Dutch contractor Bom Group to build hi-tech farms as it expands its footprint into UAE and Saudi Arabia. Work has already begun with a targeted completion date of Q1 of 2021.

  • Saudi TRSDC hires team of sustainability stewards


    The Red Sea Development Company (TRSDC), the developer behind one of the world's most ambitious tourism initiatives in Saudi Arabia, is hiring a team of local Sustainability Stewards who will play a key role in conservation of the project site.

  • Jotun launches new collection celebrating Arab Culture


    Jotun, one of the world's leading paint manufacturers, has launched its latest Exterior Colour Collection featuring 17 colours that reminisces the past, present and future of the Arab world embracing the region's legacy and culture.

  • Iskan, Sezad to build integrated academic city in Oman


    Iskan Oman Investment Company has joined hands with the Special Economic Zone Authority at Duqm (Sezad) to develop an integrated academic city over a one million sq m area featuring higher education colleges.

  • Aldar Properties' revenue surges 21pc to $547m in Q2


    Aldar Properties has reported a 21 per cent increase in its revenue for the second quarter which rose to AED2.01 billion ($547.2 million) from AED1.66 billion ($452 million) last year due to a strong performance from the development business.

  • Azizi records solid retail unit sales in Dubai community projects


    UAE-based Azizi Developments said it has achieved a key milestone with the sale of 30 per cent of its recently released 700+ retail units spread across its premium Dubai developments including MBR City, Palm Jumeirah, Al Furjan and Downtown Jebel Ali.

  • Abu Dhabi launches industrial sustainability project

    PHASE ONE COVERS 7 SECTORS
    The Abu Dhabi Department of Economic Development (ADDED) has launched the ‘Industrial Sector Sustainability’ project, an initiative aimed at adopting a sustainable approach to all manufacturing operations of industrial facilities in Abu Dhabi.

  • Sezad launches first higher education college at Duqm


    The Special Economic Zone Authority at Duqm (Sezad) has set up the first higher education college in the Special Economic Zone at Duqm, in partnership with Iskan Oman Investment Company and Middle East Education Venture.

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Construction News

Saudi real estate deal volumes down 13pc on spending cuts

Saudi Arabia's real estate transaction volumes for the second quarter fell by 13 per cent compared to the same period last year, amid challenging conditions in the kingdom as both corporates and consumers reduce spending plans, said an expert. ...



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Gulf construction - August 2020


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