Arabtec agrees $109m debt facility with Aabar

Contractor will use additional funding to deliver ongoing and newly awarded projects in a timely manner. Aabar Investments, a major shareholder in...

Dubai draws up code for 3D-printed buildings

Dubai Municipality has developed regulatory frameworks for the use of 3D printing in construction. Dubai has drawn up a series of codes...

Work on Omagine project in Oman ‘to begin next year’

Developer seeking further global funding for $2.5bn mixed-use destination, which is expected to be completed in seven years – report. Work on...

Dubai’s Deyaar to construct primary school in Senegal

Developer to construct second educational facility for Dubai Cares ‘Adopt a School’ initiative. Property developer Deyaar Development says it has signed an...

Kuwait signs deals worth $953m for housing project

The South Al Mutlaa City development will consist of 28,363 homes spread across 12 suburbs. Kuwait’s Public Authority for Housing Welfare has...

Waldorf Astoria Doha West Bay ‘delayed by a year’

Changes to the original design have resulted in delays to the $233m hotel project – report. Construction of the $233 million Waldorf...

Developer plans ‘honeymoon island’ off Dubai coast

Kleindienst says it will build resort on the heart-shaped St Petersburg Island, part of ‘The World’ man-made archipelago. The developer of ‘The...

World’s largest observation wheel takes shape in Dubai

Spindle lifted into place at Bluewaters Island attraction. A major milestone has been reached in building what will be the world’s largest...

Thyssenkrupp, Tata in talks over European steel mills

Germany’s biggest steelmaker says consolidation of the European steel industry is necessary due to economic conditions. Thyssenkrupp, Germany’s biggest steelmaker, has said...

Retail and tourism offset construction slowdown in Dubai

Emirates NBD monthly survey finds companies still reluctant to increase staffing levels. The slowdown in Dubai’s construction sector was last month offset...