DAMAC hands over first of 4000 units

Rate of delivery increases as 10 key properties near completion . DAMAC Properties will delivery almost 4000 units over the next twelve...

Bulk of FDI to be channelled into manufacturing

Up to 95% of FDI reserved for manufacturing in 2009 according to report . According to figures from the Economic and Social...

Qatar launches new green-build codes

Sustainability Assessment System deemed ?first and only? unified code in region . A new code to ensure developments in Qatar meet targets...

Larsen and Toubro?s profits rise

Increased performance credited to engineering and construction . India’s largest engineering and construction company has reported a 32% increase in net profit...

Arabtec expands in Egypt following Dubai losses

Firm awarded US $53 million contract to deliver Hanging Gardens project . A contract worth US $53 million has been awarded to...

Economic growth has returned to UAE survey says

Dubai and Abu Dhabi named as preferred Middle East locations for economic growth . A report by real estate broker CB Richard...

Hyundai submits lowest bid for Kuwait bridge

A bid of US $2.6 billion has been made for the 25km causeway forming part of Silk City. The lowest bid for...

Siemens increases aluminium and steel production capacity

New US $5.6 million service centre to boost Siemens Bahrain operations . Siemens will open a new US $5.6 million service centre...

Abu Dhabi contractor classifications overhauled

Modifications to contractor classifications expected to increase project opportunities for firms. Abu Dhabi’s Department of Economic Development (DED) has modified the contractor...