Thursday 23 March 2017

KHCB signs up as Gulf Property Show sponsor

Khaleeji Commercial Bank (KHCB), a leading Islamic bank in Bahrain, has signed-up as Silver Sponsor for the  Gulf Property Show which opens in Bahrain next month. A boutique showcase for the real estate and property development sectors, Gulf Property Show, will be held under


Omran to launch $672m real estate projects in Sharjah

UAE-based Omran Properties has announced plans to launch three real estate projects worth a total Dh2.47 billion ($672 million) in the emirate of Sharjah as part of its massive investment drive. The company, established in 2016 through a strategic partnership between Sharjah Inve


Parkway wins contract to build Dubai hotel

Master developer Nakheel has awarded a Dh185-million ($50.3 million) contract to Parkway International Contracting for the construction of a 375-room hotel at Ibn Battuta Mall in Dubai, UAE. Avani Ibn Battuta Mall forms part of Nakheel’s Dh3-billion ($816 million) hospitali


Nakheel floats tenders for RIU hotel, resorts project

Nakheel, one of the world's leading developers, has floated tenders for the piling works at a Dh900-million ($245 million) hotels and resorts project being developed with Spanish hospitality group RIU at Deira Islands in Dubai, UAE. RIU Hotels & Resorts is a 800-room prop


Dubai ruler opens key phase of $408m solar park

Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, on Monday inaugurated the second phase of the Mohammed bin Rashid Al Maktoum Solar Park at Seih Al Dahal in Dubai, UAE. The solar park is being developed by Dubai Electricity and Water A


Kuwait to showcase multi-billion-dollar tourism plans at ATM

The government of Kuwait is pressing ahead with multiple plans that will see billions of dollars invested in tourism projects and a further $1 billion budget earmarked to promote the Gulf state over the same period. Plans are in place to establish a Supreme Commission for Tourism to in


Mena eyes $1 trillion energy investments in 5 years

Total energy investments in the Middle East and North Africa (Mena) region are likely to hit the $1-trillion mark over the five years with the GCC countries spearheading the growth, according to a report. While global investments in the industry continued their decline in 2016, d


Kuwaiti investment in Dubai real estate tops $533m

Kuwaiti real estate investment in Dubai has crossed the Dh2-billion ($533 million) mark in 2016 with investors pumping their money into various residential and commercial properties across the emirate, said a report released ahead of a key industry event. International Property S


Arkan to shut down Abu Dhabi cement factory

Arkan, a leading building materials industrial conglomerate, has announced its decision to permanently close down the company's cement plant, Emirates Cement Factory (ECF) in Abu Dhabi, UAE, as part of its regional strategy. The announcement from the company board come


Korean builder SK wins $3.6bn Iran power projects

Korean builder SK Engineering & Construction has clinched a 4.1 trillion won ($3.6 billion) contract to build and operate five new power plants in Iran, according to a report. Under this deal, SK E&C will start building a 1,200- and a 800-MW power plant at Saveh and Zahed

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