Infrastructure and transport drive $5.5bn boost to GCC projects in April

Projects worth $5.5 billion had been announced across the GCC in April 2020, primarily driven by Saudi Arabia, which contributed 67% of...

Construction

Coronavirus: GCC Commercial Arbitration Centre receives $5.5mn in claims in first quarter of 2020

Arbitration claims worth $5.5m have been received in Q1 of this year by the GCC Commercial Arbitration Centre. The claims, comprising four...

Consultant

Coronavirus: Savills pledges to support education sector in the GCC amid COVID-19 concerns

Real estate advisor Savills has announced that it will provide complimentary consultancy services for educational institutions in the GCC. Savills will be...

Construction

Coronavirus: Why outbreak will reduce construction emissions if projects are cancelled rather than delayed

During the first week of April 2020, the Mohammed Bin Rashid Space Centre (MBRSC) released images highlighting the decrease in nitrogen dioxide...

Construction

Investments in mega projects in GCC hit $1 trillion, says Strategy& ME report

Gulf Cooperation Council (GCC) countries have planned almost $1 trillion of investment in megaprojects, as they look to transform economically and socially,...

Machinery

Al-Bahar launches SEM equipment in the GCC

Mohammed Abdulrahman Al-Bahar has announced the launch of a new range of equipment from SEM, a brand owned by Caterpillar, in the...

Construction

Report: Over $23bn in hotel construction contracts to be awarded across MENA by 2023

Over $23bn worth of hotel construction contracts are scheduled to be awarded in the Middle East and North Africa (MENA) between now...

Construction

World’s demand for oil expected to peak by 2040 and eventually decline says IMF

The International Monetary fund (IMF) has said in a new report that global oil demand will peak around 2040 – or ‘much...

Construction

Dubal Holding, EDF Group ink MoU to explore sustainable energy solutions

Dubal Holding, a wholly-owned subsidiary of the Investment Corporation of Dubai, has announced that it has signed a memorandum of understanding (MoU)...