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Arabtec records $49mn profit in first nine months of 2018
$4.47 billion backlog is supported by a 'strong' $12.47 billion pipeline of potential opportunities in the market. Arabtec says the Group recorded...
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DEWA awards contract worth $78.4mn to build two reservoirs
The reservoirs will have a combined capacity of 120 million gallons. Dubai Electricity and Water Authority (DEWA) has awarded a contract worth...
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Cast Construction awarded $40.7mn contract for Danube’s Jewelz project
The project is scheduled for delivery by Q1 of 2020. UAE-based developer, Danube Properties has awarded a $40.6 million contract to Dubai-based...
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MAG Creek Wellbeing Resort on track for 2021 handover
The project is being handled by lead consultant VX Studio and Architects A++. MAG Lifestyle Development (MAG LD) has announced that work...
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UAE begins construction of $50mn Caribbean Energy Projects
The combined output of the solar power plants will be 2.35MW. The UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC) has...
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Saudi Aramco breaks ground on R&D centre in Russia
Centre to promote collaborative research activities primarily with MSU and other entities in Russia. Saudi Aramco has announced that it has broken...
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Aras Group arranges $816mn funds for development projects
The company claims to thoroughly vet any project before considering it for financing. Dubai-based Aras Group recently announced that its helped arrange...
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RTA: First of 50 new Dubai Metro trains have arrived
15 of the new trains will be used to serve the Expo 2020 Dubai network, rest will enhance the 'service level' of...
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JV announces Golden Gate twin tower residential project in Bahrain
New residential development to take shape in the heart of Bahrain Bay . A new residential development known as ‘Golden Gate’ has...
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Transguard building $31mn staff accommodation in Jebel Ali
Complex in Dubai South close to Jebel Ali will house 2,708 employees. Transguard Group says is constructing new accommodation for 2,708 of...
