GCC market eyeing mergers and reduction in unit prices, says Saudi real estate company

Solutions to minimise business risks in Covid-19 environment include up to 25% reduction in prices. Real estate developers in the GCC are...

ADNOC and Apollo-led consortium enter into $5.5bn real estate investment partnership

Agreement is a continuation of ADNOC’s smart growth strategy to attract FDI into the UAE and to partner with leading global investors....

Ithra Dubai launches Plot 3 of Deira Enrichment Project

Sherina Plaza has entered closeout and handover phase, developer says. Ithra Dubai, the Dubai-based real estate developer wholly owned by the Investment...

Linesight eyes bigger piece of data centre pie in Saudi Arabia

The company is currently working in over 40 countries on project developments worth more than $31bn globally and $7bn in the GCC....

Shanghai Electric wins MBR Solar Park EPC contract

The newly appointed contractor is charged with delivering the 900MW phase of the largest single-site solar power plant in the Middle East....

Azizi Developments and Daikin ink $10.8mn HVAC deal

Deal includes air-cooled chillers, fan coil units and fresh air handling units . Azizi Developments has awarded an HVAC contract to Daikin...

Sohar Asphalt inks deal with Chinese firm for Oman’s first bitumen refinery

New facility is expected to be fully operational in 2023 and will reduce Oman’s dependence on bitumen imports. The construction of Oman’s...

DRPIC to license LyondellBasell technology for new processing facility

New petrochemical project is expected to become a significant player in the region, due to its location on Oman’s eastern seaboard ....

Kuwait’s Markaz announces sale of key US commercial property

Sale of Class A industrial property in line with initial investment strategy. Kuwait Financial Centre (Markaz) has announced the sale of its...

Airolink appointed as main contractor for Seven Tides’ biggest development in region

Firm has been confirmed to act as the main building contractor on the $272 million sprawling Seven City JLT development in Dubai....

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