UAE’s Al-Futtaim Engineering wins elevator contract

Al-Futtaim’s elevator division has previously supplied elevators for projects like Jumeirah Lakes Towers and the Address Dubai Mall hotel. The UAE-based Al-Futtaim...

Saudi land tax to spur development – JLL

Tax likely to see project plans brought forward and prompt a drop in urban land values. An upcoming tax on vacant land...

Saudi cabinet approves tax on vacant land

Move will make it more expensive to keep urban plots undeveloped, in bid to address housing shortage. Saudi Arabia’s cabinet has approved...

UAE midday break ‘to be enforced by 18 teams’

60,000 inspections to monitor for violations of summer ban on work during hottest hours of day. A total of 18 teams will...

Dubai’s Meydan Group secures $272m funding

Consortium of banks includes ADIB, Al Hilal Bank, Sharjah Islamic Bank and Ajman Islamic Bank. Meydan Group has secured AED1 billion ($272...

Cayan’s CMC Tower nears completion in Riyadh

Enabling and structural packages completed ahead of schedule, developer says. The CMC Tower, a mixed-use commercial building under construction in Saudi Arabia,...

Aldar launches e-procurement portal

Move to help focus on strategic supply management, property developer says. Aldar Properties has announced the launch of an online e-procurement portal,...