Nakheel will not sell assets, chairman says

Real estate developer has settled $816m out of a total claim of $2.17bn from creditors. Nakheel, the Dubai based real estate developer,...

Dubai JLL, Mace to support UAE’s 2020 World Expo bid

Firms expected to help with feasibility studies and cost management and planning. Property consultancies Jones Lang LaSalle (JLL) and Mace have been...

KSA awards $164m deals to upgrade four ports

Contracts part of government plan to improve the performance of Saudi ports. Contracts worth a total of $164m have been awarded by...

Barwa posts 21.1% fall in H1 income

Gulf's largest listed property developer continues work on $4.94bn Golf City project. Barwa Real Estate, 45%-owned by Qatari Diar Real Estate and...

Qatar seeking bids for Mesaieed aggregate port

Project involves building a four-lane conveyor system, six 25km stacker lines and an internal stockyard road network. Companies have been invited by...

Gulf construction slowed down in H1 2012

Drastic fall in contract activity in Saudi Arabia as government struggles to process projects. The construction market in the Gulf region has...

Developer stopped from clearing Al Reem Island mangroves

Abu Dhabi Environment Agency tells developer to provide compensation for damaged areas. A developer has been stopped by Abu Dhabi authorities before...

Investment crucial to Saudi Diesel success

Ibrahim EL Naggar, Head of Construction Equipment Department, Saudi Diesel Equipment (SDEC), says that investment and strategic planning have been crucial to...