• Besix wins DMCC Uptown Dubai super tall tower deal

    78-STOREYED BUILDING
    DMCC, the world’s premium free zone and the master developer of Jumeirah Lakes Towers (JLT), said it has awarded a key contract to Belhasa Six Construct, for the construction of the first super tall tower at its Uptown Dubai district.

  • Bahrain receives bids for 100MW solar power plant

    MASDAR EMERGES KEY BIDDER
    Bahrain has received bids for a 100MW solar power plant to be set up in the country and Abu Dhabi-based Masdar has emerged as one of the bidders, said the kingdom's utility minister on the sidelines of Abu Dhabi Sustainability Week.

  • Egypt gets $1.2bn loan for new light rail network

    PROJECT COMPLETION IN TWO YEARS
    Egypt has agreed a $1.2 billion deal with the Export-Import Bank of China (EximBank) to finance a light rail system from an industrial city on the outskirts of Cairo to a new capital it is building, said a report citing the transportation minister.

  • Reclamation work starts on $248m Bahrain link bridge


    Bahraini authorities have started the reclamation work on the new BD94-million ($248.2 million) bridge linking Muharraq and Manama, said a report. The 550-m bridge is an extension of North Muharraq Highway project, it added.

  • Saudi PIF to start work on Neom Bay project in Q1

    MASTERPLAN GETS BOARD APPROVAL
    Saudi Arabia's Public Investment Fund (PIF) said its founding board has approved the masterplan for Neom Bay, a eco-friendly tourist destination at its $500-billion futuristic city. Work will start on the high-end project in the first quarter.

  • Kuwait to hand over 6,000 new housing units by April


    Kuwaiti authorities have announced that a total of 6,000 new residential units will be delivered to the beneficiaries by this April. The announcement comes following confirmation from the Chinese contractor behind the project, said a report.

  • ICD Brookfields, EY ink Dubai tower lease deal


    Investment Corporation of Dubai said its joint venture with Brookfield Properties, a premier real estate operating company, has signed a pre-let agreement with professional services firm Ernst & Young (EY), for its 120,000-sq-ft property in Dubai.

  • Emaar launches premium golf villas near Expo 2020 site

    LIMITED COLLECTION UP FOR GRABS
    Emaar has launched the Phase Two of its Expo Golf Villas project with a limited collection of three and four-bedroom premium villa units, set only 10 minutes from Expo 2020 Dubai site and seven minutes from Al Maktoum International Airport.

  • VOT the new buzzword in Dubai property market


    Vacant on Transfer (VOT) is the new buzzword in Dubai property market. The term, used for a unit that is available immediately upon handover, began to be used more widely in 2018 due to plunging rates in the secondary market, said an expert.

  • Equitativa, HK group to set up new Belt & Road REIT


    Equitativa, the largest real estate investment trust manager in GCC, has inked a deal with Hong Kong-based Affluent Partners to launch a new REIT that will invest in property assets along the Eurasia trade corridor of China Belt & Road Initiative.

  • KG Group buys major stake in Dubai real estate group


    KG Group, a leading manufacturer and distributor of products for the automotive, logistics and cement and mining industries, has acquired a major stake in Virtue Properties, a Dubai-based boutique real estate development company.

  • UAE launches key initiatives to boost real estate demand


    With the UAE’s real estate sector softening in 2018, the government launched several initiatives to boost demand. However, the market performance will depend on how quickly these investments and regulations have an impact, said an industry expert.

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Construction News

Besix wins DMCC Uptown Dubai super tall tower deal

DMCC, the world’s premium free zone and the master developer of Jumeirah Lakes Towers (JLT), said it has awarded a key contract to Belhasa Six Construct, for the construction of the first super tall tower at its Uptown Dubai district....



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