RAK Properties reports 61% increase in revenues

Revenues of more than $31.2m recorded between January to March 2017. RAK Properties has reported revenues in excess of AED115m ($31.2m) for...

Mideast construction disputes ‘being resolved more quickly’

Average length of time needed to resolve a dispute fell by 10%, says Arcadis. Middle East construction disputes are on the rise,...

Dubai Properties awards $55m contract for Bellevue Towers

SEIDCO named primary contractor for the project, with work set to be completed by mid-2019. Real-estate master developer Dubai Properties (DP) has...

Dubai’s Arabtec Construction appoints Boyd Merrett as CEO

Announcement follows the news that the wider group posted a profit for the first time since 2014. Arabtec Construction, part of the...

Egypt Property Show 2017 highlights market growth

Country needs 500,000 new homes to be built annually for the next five years to meet demand, minister says. The Egypt Property...

Aldar awards $462m Yas Acres contract

Trojan General Contracting to deliver 652 residences and other facilities for first three precincts in 32 months. Aldar Properties has awarded Trojan...

Al-Futtaim Engineering wins Dubai AC deal

Contract to supply equipment across 60 villas at the high-end Jumeirah Hills, The Palaces project. Al-Futtaim Engineering’s air conditioning division has announced...

Dubai’s Arabtec posts first profit since 2014

Contractor announces profit of $4.9m for the first quarter of 2017, with turnaround ‘in its infancy’. The Dubai-listed contractor Arabtec posted a...

Honeywell highlights smart technology for mosques in Mideast

Company says technology will make mosques more energy efficient and sustainable. Honeywell showcased new technology destined for mosques in the Middle East,...