Al-Futtaim launches financial services division

Distributor now offering financing for construction equipment and transport in the UAE. Multi-brand equipment and commercial vehicles distributor FAMCO is now offering...

GCC should consider PPP schemes

Booz & Co report says region to spend $500bn on national development plans. Global management consultancy firm Booz & Company has said...

Dewan Architects to design 5-star Saudi hotel

Dammam property to have 200 guest rooms and 120 hotel apartments, along with other facilities. Saudi-headquartered Arab Resort Areas Company (ARAC) has...

Musanada signs $311m contract to build 786 villas

WS Atkins appointed as project consultant for the residential complex in Gyathi, Abu Dhabi. A contract worth $311.7m has been signed to...

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...