India’s Shapoorji Pallonji eyes major expansion into Saudi Arabia

Construction giant has culminative project orders worth $2.7bn in the GCC, with several in the Kingdom. Shapoorji Pallonji, the Indian business conglomerate...

Digital Twins: A high benchmark

Dr. Anas Bataw, director of the Centre of Excellence in Smart Construction (CESC) at Heriot-Watt University in Dubai discusses the importance of...

Depa: Arabtec liquidation ‘likely’ to have material impact on interior solutions group

Depa says it is awaiting 'clarity' on the impact of Arabtec shareholders’ approval for liquidation with a financial balance owed from the...

UAE consortium wins approval for $500 million wind farm project in Egypt

Egypt approves land allocation and also announces MENA’s first sovereign green bond focusing on anti-pollution and renewable energy projects. The Egyptian Ministry...

KSA construction industry contracted by 2.8% in 2020 – GlobalData Report

Contraction in line with expectations of a severe decline in construction output in Saudi Arabia in Q2 2020. Saudi Arabia’s construction industry...

Saudi’s Tourism Development Fund inks $42.66bn financing deal for key projects

The Tourism Development Fund was founded in June with an initial $4bn investment and aims to diversify the economy . Saudi Arabia’s...

ADM and Huawei announce build and certification of municipal data centre

Huawei is said to have the largest share of the global modular data centre market. Abu Dhabi City Municipality (ADM) has said...

Arabtec Holding to file for bankruptcy, claim reports

Reuters claims Arabtec email states backdrop of adverse market conditions has led shareholders to approve the liquidation and dissolution of firm. Arabtec...

Expert insight: How insurers and banks will drive BIM for asset management

Do you know what’s inside your building and what it’s made of? Insurers are starting to ask, and BIM holds the key,...

DMCC completes $12.6m real estate transaction with Saudi’s Musharaka Capital

Deal sees Musharaka buy 5,400sqm plot of land containing a 13,860sqm self-storage facility in JLT. Dubai Multi Commodities Centre (DMCC), the Dubai...