GCC developers go local for project financing

[caption id="attachment_10975" align="aligncenter" width="380"] Regional developers are looking to local banks to provide funding for their projects.[/caption] GCC project developers are increasingly...

Construction

Saudi’s GLC acquires Malaysian lighting specialist

[caption id="attachment_10954" align="aligncenter" width="399"] Saudi Arabia's GLC has acquired Malaysia's Davex as part of its plan to 'target the world's fastest growing...

Construction

DP World awards Jebel Ali Port infrastructure contract

The world's third-largest port operator, Dubai-based DP World has signed up infrastructure development specialists, TOA-Soletanche Bachy JV to build the infrastructure needed...

Construction

Jaidah Automotive appoints new GM

[caption id="attachment_3069" align="aligncenter" width="171"] Mark Jenkins.[/caption] Jaidah Automotive, a subsidiary of the Doha based conglomerate Jaidah Group, announced on Sunday that it...

Construction

IHG expands UAE portfolio with RAK hotel

InterContinental Hotels Group (IHG) has announced plans to expand its portfolio in the GCC region with the opening of a new hotel...

Construction

Asteco report finds Dubai commercial market quiet

Real estate services firm, Asteco has said residential sales prices in Dubai have remained relatively unchanged during the third quarter of this...

Construction

Oman floats $285m Duqm port tenders

The commercial director of Oman’s Port of Duqm, Reggy Vermeulen, has said the Ministry of Transport and Communications is set to float...

Construction

KSA sees steel consumption jump 19.5%

[caption id="attachment_10610" align="aligncenter" width="450"] Saudi Arabia's steel consumption has grown on the back of rising construction activity and increased investment in government...

Construction

Egypt’s Ezz Steel back in black

[caption id="attachment_10483" align="aligncenter" width="450"] Ezz Steel says its positive financial figures are a result of a buoyant housing construction market.[/caption] Ezz Steel,...

Construction

Al Faris expands crane fleet

[caption id="attachment_10452" align="aligncenter" width="244"] Al Faris will spend $50m to buy nine cranes in 2013, after buying 30 mobile cranes this year.[/caption]...