Depa sees investment worth $41mn from Saudi’s Public Investment Fund

The allotment and issuance of the subscription shares to PIF will confer on PIF a majority of voting rights and rights to...

RTA opens dedicated 16km cycling track

Current cycling network extended to 520km across Dubai. Dubai’s Roads and Transport Authority (RTA) has opened a dedicated cycling track extending 16...

ADNOC and Borealis break ground on $6.2bn polyolefin expansion project

Expansion will make Borouge the world’s largest single-site polyolefin complex. Abu Dhabi National Oil Company (ADNOC) and chemical specialist Borealis have broken...

ALEC appoints new digitalisation head to steer construction company’s technology charge

There is still a long road ahead for the digitalisation of the sector, says Kez Taylor. ALEC, a part of the Investment...

IDC and Naseej begin construction of Nadeen School Dilmunia in Bahrain

Dilmunia is a $1.6bn mixed-use development built on a man-made island off the coast of Muharraq. Ithmaar Development Company (IDC) and Naseej...

Aldar awarded $2.3bn worth of contracts in 2021

Developer says 16 contracts awarded to 14 UAE-based contractors. Aldar Properties, the UAE-based property developer, has announced that 16 contracts worth more...