Saudi Arabian construction to achieve 5.4% growth in 2012

Development of six economic cities to push Kingdom’s diversification and investment plans. Saudi Arabia’s construction sector is expected to achieve a 5.4%...

Saudi-led consortium set to win Moroccan solar plant deal

Proposed plant will include five power stations, two of which are located in the disputed Western Sahara. The Moroccan government is set...

Liebherr unveils the LTR 1220 tele-crawler

New crane has a 60m, six section main boom with a 12.2-22.2m bi-fold swing away extension. Heavy machinery manufacturer, Liebherr Group, has...

Dar al-Arkan inaugurates Riyadh’s largest shopping mall

Al Qasr Mall will feature 350 stores, a fun zone, food court and two parking floors. Saudi Arabia’s largest developer by market...

Pacific Ventures to build two real estate developments in Dubai

Developments slated for completion within 18 to 24 months, Indian developer says. India’s Pacific Ventures has announced the launch of two new...

Al Mazaya looking to sell its Dubai projects portfolio

Kuwaiti firm is looking to diversify its sources of revenue and reduce exposure in Dubai due to difficulties with existing infrastructure and...

Nakheel confirms $52.5m in profit payments

Developer swung to profit in the first quarter of this year after registering a loss in the year earlier period, on the...

Bukhatir Group says 15% of Phase I of Tunis Sports City completed

Project scheduled to be completed by 2025 as developer looks to house 30,000 residents. Sports City International, a unit of the UAE...

“Hundreds of millions” of Euros set to flood Middle East

CBRE managing director predicts that the Eurozone crisis will send institutions’ money east, towards the Middle East, as Western markets continue to...

Korea increases access to Abu Dhabi developers

Urban Planning Council aims to set benchmarks with Korean counterpart through cooperation agreement. The Korean Ministry of Land has entered into a...