Low oil prices ‘threaten Mideast airport expansion’

Deloitte report says alternative sources of financing are needed, with public-private partnerships one solution. The expansion of airport infrastructure in the Middle...

Six firms submit bids for $272m Dubai library

Construction contract for Mohammed bin Rashid Library set to be awarded in next two months - report. Six construction firms have submitted...

Dubai Municipality ‘supervising 25,124 under-construction buildings’

Director of Buildings Department says increased numbers are positive for construction industry. Dubai Municipality has said its Buildings Department is undertaking engineering...

Habtoor Leighton Group CEO released without charge in Dubai

José Antonio López-Monis released from custody. The chief executive of contractor Habtoor Leighton Group has been released without charge following his arrest...

Jeddah residential rent prices ‘jump by 30%’

Increases in construction and building material prices see property rents in the Saudi city soar – report. Residential rents in the Saudi...

Qatar buys 9.9% stake in Empire State Building owner

Economic and voting interest obtained with $622m investment by sovereign wealth fund. The Qatar Investment Authority (QIA) has taken a 9.9% stake...

Profits slide at Egypt’s Orascom Construction

Contractor says it continues to limit its exposure to the ‘challenging’ Saudi Arabian market. Egypt’s Orascom Construction on Wednesday reported a 22.4%...