Alef Group awards US $204mn in contracts for final phase of Hayyan Development

The Alef Group has awarded construction contracts worth US $204mn, signaling the beginning of the final phase of its flagship Hayyan Development....

Energy

Drone strike causes fire at perimeter of Barakah Nuclear Power Plant

Following a fire that was caused by a drone strike in an electrical generator located outside the inner perimeter of the Barakah...

Construction

Pullman Resort Al Marjan Island to reopen in early 2027

Pullman Resort Al Marjan Island has embarked on the final phase of its transformation journey, signifying a significant milestone in its repositioning...

Construction

Ellington begins handover of 2 residential projects

Ellington Properties has commenced the handover of Ellington House II in Dubai Hills Estate, alongside Arbor View in Arjan, marking continued delivery...

Industry News

ISG Middle East appoints new Managing Director

Hamish James has been appointed Managing Director of ISG Middle East. The move is said to mark a significant step in the...

Financial

Riyad Capital launches US $400mn fund to develop Dar Al Salam

Riyad Capital has signed an agreement to establish a US $400mn real estate fund in partnership with Princess Munira bint Abdullah bin...

Construction

Azizi ramps up construction on Burj Azizi Tower

Developer Azizi Developments said it is making substantial progress in constructing Burj Azizi. The project is advancing in both the raft foundation...