Ajman Bank to finance construction of $89m hospital

Completion of all phases of the 50-bed Saudi German Hospital Ajman is expected in 2018. Ajman Bank has signed a financing agreement...

First Qatar World Cup stadium ‘to open by mid-2017’

Khalifa International Stadium to open soon, followed by Al Rayan and Qatar Foundation stadiums by 2019. Khalifa International Stadium, one of the...

Three Egyptian developers ‘suspend Saudi projects’

Move reportedly due to political tensions between two countries – Reuters. Three developers from Egypt have put housing deals in Saudi Arabia...

Dubai’s Arabtec gains approval for recapitalisation

Chairman of construction firm said move ‘will provide the foundation for building a successful and sustainable future’. The Dubai builder Arabtec says...

Musanada floats tender for 250 Abu Dhabi villas

Closing date for tender is March 5, 2017. Abu Dhabi General Services (Musanada), a government-owned company, has floated a tender for the...

Balfour Beatty to exit Mideast joint ventures

UK contractor agrees $13.7m cash deal to sell entire share in Dutco Balfour Beatty and BK Gulf. Balfour Beatty, the international infrastructure...

GCC investors ‘continue to buy Dubai real estate’

Saudis and Qataris led investment in city’s real estate market from within the GCC in 2016 – report. A developer has said...

Saint-Gobain to build energy efficient house in Abu Dhabi

Masdar City-based ‘multi–comfort house’ project set to be ready by 2019. Saint-Gobain has announced that it will construct an energy-efficient “multi–comfort house”...