KSA construction sector expected to grow 6.4% this year

Real GDP growth of Saudi Arabia's construction sector is expected to expand 6.4% this year on the back of increased government investments,...

Aldar posts loss as slow sales bite market

Abu Dhabi?s biggest property developer, Aldar, posted a $214.9 million loss for the first half of this year as slow property sales...

Arabtrec gets US $680m la Hoya Bay project

UAE-based Arabtec Holding PJSC has signed an accord with Khoie Properties for the construction of the La Hoya Bay Development on Ras...

Besix wins major joint Qatar Airport contract

Besix Group has won a $750 million contract in a joint venture to build the third phase of the New Doha International...

Abu Dhabi to revamp building-approval system

The Municipality of Abu Dhabi City has adopted a new set of procedures for taking over land plots and issuing building construction...

Bahrain developers face payment defaults

Bahrain's residential developers are facing significant levels of payment defaults as purchasers either cannot or refuse to make payments due to stalled...

Four workers die after falling six stories

Four men plunged six storeys to their deaths last month after a maintenance cradle they were working from collapsed.. /* Style Definitions...

Restarting stalled projects poses risks says firm

Last month, law firm Taylor Wessing in Dubai hosted a seminar entitled ?Ghost Buildings Past, Present and Future? highlighting the structural risks...