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JODC registers 407% increase in revenue in Q3 2022
A notable development during the period was the company’s successful close of the Alinma Fund debt-to-equity transaction, the company said. Saudi-based developer...
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DAMAC launches new luxury tower in collaboration with Zuhair Murad
The tower’s amenities include a swimming pool overlooking the Dubai skyline, a pool bar, a sunbed zone, lagoons, a kid’s play area,...
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Binghatti and Jacob & Co announce ultra-luxury focused residential tower in Dubai
The top of the tower is expected to host "five of the most luxurious and exclusive penthouses in Dubai". Burj Binghatti Jacob...
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Masdar, Infinity Power and Hassan Allam Utilities sign MoU to develop 10GW wind farm in Egypt
The wind farm will save Egypt an estimated US $5bn in annual natural gas costs and help create as many as 100,000...
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Big Project ME – November 2022
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UAE among world’s top 20 tourist destinations as per ForwardKeys’ findings
The UAE and Qatar are the only Middle Eastern countries to make it into the top 20, with the UAE 17% behind...
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Nakheel secures $4.6bn in strategic financing
A spokesperson said that the transactions will further strengthen Nakheel’s financial position and reflect the confidence of banking institutions in the new...
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Metito wins contract to build second phase of Fujairah Port desalination plant
As per the terms of the contract, Metito will be responsible for the engineering, procurement, and construction of the 3,500m3/day plant. Water...
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Partanna Bahamas and the Government of the Bahamas ink deal to develop “world’s first carbon-negative affordable housing development”
The development project will provide at least 1,000 direct and indirect jobs for Bahamians over its duration. A partnership between material specialist...
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RAK Properties delivers buoyant results in Q3
A major new spa resort coming on-stream bolstered performance for the firm in Q3. RAK Properties has announced that it earned US...
