Saudi demand on cement to rise to 57m tonnes by 2015: Al Rajhi Capital

Cement demand rises as country prepares to meet demand for big infrastructure projects . Saudi-based Al Rajhi Capital has said cement producers...

Muscat Municipality to build two interchanges to ease traffic flow

Contract brief calls for two grade-separated interchanges to be constructed to provide access to the multi-billion dollar, The Wave, Muscat development,. The...

Nakheel offers villa owners on The Palm more land

Strong demand by owners of villas on The Palm for extra land to extend their properties. Dubai’s state-owned property developer, Nakheel, has...

Russia Railways looking towards GCC for contracts

Foreign projects subsidary plans to bid for projects across the GCC, including UAE, Kuwait and KSA. Russian Railways, the country’s railway monopoly,...

Orascom agrees $100m loan from World Bank

Loan will be used to finance the operations of the company as well ongoing and new projects. Orascom Construction Industries has announced...

Al Sufouh Tram Project to open phase one in 2014

$1.08bn first phase of tramline will run 10.7km from Jumeirah Walk to Mall of the Emirates, and serve more than 5,000 passengers...

Jotun Paints sets growth targets for UAE market

Paint manufacturer and supplier plants to consolidate its market presence. Global paint manufacturer and supplier Jotun has announced plans to ‘consolidate’ its...