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China’s CREC lands initial work for Egypt ‘Olympic park’ – report
Projects expected to be completed in 30 months. The Egyptian Housing Ministry and the China Railway & Engineering Corporation (CREC) have signed...
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Project delays ‘blessing in disguise’ for UAE real estate – JLL
Delays will reduce the risk of oversupply in 2016, consultancy says. Project delays caused by slowing market conditions are likely to reduce...
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Dubai’s Deyaar reports $79m in net profit for 2015
The Dubai-listed developer saw a 3.4% increase in profit last year. Deyaar Development has reported a net profit of AED291.4 million ($79m)...
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Affric Infrastructure: Why it pays to get the right funding advice
Stephen Watson and Andrew Ward on project finance. As oil prices continue to spiral downwards, developers and construction companies in the GCC...
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Dubai Healthcare City to launch ‘world’s largest wellness village’
Project is being developed by the Dubai-based MAG Group. Dubai Healthcare City has announced the launch of the world’s largest wellness concept...
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Arabian Centres outlines Saudi mall expansion plans
Mall of Riyadh is scheduled to open in 2018. The retail giant Arabian Centres has outlined plans for its previously announced development...
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Jumeirah in deal to manage tower at Marina Gate, Dubai
Property being developed by Select Group is set to open in late 2019. The hotel operator Jumeirah Group has signed with Select...
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First phase of Sharjah eco-tourism project completed
Estimated $68m to be invested over next few years, says Shurooq. The Sharjah Investment and Development Authority (Shurooq) has announced the completion...
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Project profile: Central Bank of Kuwait headquarters
China State Construction ME’s award-winning project. Late last November, the winner of the 2015 Big Project Middle East Project of the Year...
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Gulf infrastructure on road to growth
Increased activity comes despite crash in oil prices. The regional infrastructure market is expected to see tremendously increased activity over the coming...
