Analysts: Sany to lose 30% of staff and is under pressure ahead of IPO

Sany is returning to investors on the Hong Kong stock exchange as it looks to raise $2 billion in an IPO. The company...

Dubai Landmark project gets the green light

$32.7m project will be 150m tall and 105m wide and will attract about two million visitors and tourists. The Ruler of Dubai,...

Exclusive: AECOM appointed to KSA’s largest health care project

Consultancy will cover the master planning, medical planning, architecture, interior design and engineering services for the 1,000,000m² King Khalid Medical City, which...

Burj Khalifa is Dubai’s most traded area in value terms

Jumeirah Lakes Towers area registered the highest number of transactions in first six months of 2012. Official data indicates that the Burj...

GCC cement capacity rises 13% but concrete prices could still increase

Demand increases created by dual booms in Saudi Arabia and Qatar could result in increased concrete prices. The medium term dynamics of...

$154.4m in contracts awarded for JIC

Four contractors awarded deals for construction, O & M and engineering services at Industrial City. Four Saudi-based contractors have won contracts worth...

Kuwait freezes final stage of Port Mubarak

Recent agreement with Iraq sees work suspended on the creation of the artificial island . Kuwait has suspended construction works on the...

Bahrain Municipal Council ban on Sitra projects lifted

Decision to rescind the ban comes after housing and works ministries and National Oil and Gas authority made several complaints about key...

Bringing down the Met

Everyone who goes there has a story about how they remember Dubai when they first saw it. Long-term residents will recall how...

XCMG takes 52% majority share in Schwing

Chinese manufacturer XCMG has continued its takeover of Schwing Group, increasing its share holding in the German concrete specialist to 52%. News that XCMG was prepared to...