Kuwait real estate market sees uptick in H1 2017

NBK Economic Update says improved activity particularly visible in residential sector. Kuwait’s real estate market activity has improved significantly despite volatility during...

Saudi Arabia cement sales volumes ‘drop by 19%’

Report finds that northern region of KSA remains the weakest. Saudi Arabia’s cement sales volumes have dropped by 19% year-on-year to 28.3...

Eshraq awards $39m Marina Rise contract to Al Sweidi & Shams

The Abu Dhabi building is scheduled for completion by the end of 2019. Al Sweidi & Shams Contracting has won the $39...

Nakheel awards Deira Islands contracts worth $117m

Works awarded for sewage treatment plant, district cooling plant, substation and piling work for 800-room resort. Master developer Nakheel has awarded four...

Dubai’s Arabtec swings to Q2 profit on Depa boost

Result marks construction firm’s second straight profitable quarter. Arabtec has reported a second-quarter net profit attributable to its owners of AED39.8 million...

Dubai real estate deals worth $106bn in 18-month period

Dubai Land Department says 95,000 deals covered between January 2016 and July 2017. Dubai Land Department (DLD) has announced that the total...

Bahrain forms new Urban Planning and Development Authority

Royal Decree establishes authority under the supervision of a minister in charge of urban planning. Bahrain has announced the formation of a...

Arabtec wins $99m contract to build mall in Dubai South

Mall will have 83,000 sqm of built-up area over three levels. Arabtec Holding has announced that its construction division has won a...

Dubai’s RTA first govt entity to get BIM certification

BSI awards Dubai Roads and Transport Authority with three certifications. Dubai’s Roads and Transport Authority (RTA) has been awarded the Building Information...