SK Engineering raises $100m from Gulf banks

A consortium of banks led by Mashreq has signed a $100 million loan for financing general corporate requirements of South Korea’s SK...

Construction

Deyaar: Atria twin towers in Dubai 25% complete

Dubai’s Deyaar Development says The Atria project, a 1.25 million sqf mixed-use twin tower complex launched in April last year, is 25% complete.A...

Property

Egypt’s SODIC, Heliopolis Housing to co-develop East Cairo project

The Egypt-listed Sixth of October Development Company (SODIC) says it has been offered the role to co-develop an integrated project in New...

Infrastructure

RAK’s Utico to invest $327m in UAE utilities projects

Ras Al Khaimah-based utilities company Utico has announced investments of nearly AED1.2 billion ($326.7 million) in projects across the Emirates to meet...

Property

UAE’s Al Habtoor plans $544m hotel investments in ‘16

The UAE-based Al Habtoor Group says it has allocated AED 2 billion ($544m) to be spent in international hospitality acquisitions in 2016....

Property

Damac removes Trump name from Dubai golf site

Damac Properties has removed the Trump name from a $6 billion golf development in Dubai in an apparent response to the uproar...

Construction

Payment concerns stall ASGC’s Saudi expansion plan

Concerns over prompt payments are holding back Al Shafar General Contracting’s (ASGC) expansion plan in Saudi Arabia, the CEO of the Dubai-based...

Construction

Meydan One Mall final design ‘to be confirmed by early 2016’

The final design and layout of Meydan One Mall will be confirmed by the first quarter of 2016, reports Gulf News.The development...

Property

Dubai’s Meraas launches own-brand hotels arm

The Dubai-based developer Meraas Holding has announced the launch of an own-brand hotels division.Meraas Hotels & Resorts will introduce, operate and manage different...

Consultant

Kleindienst, Tasneef sign contract for Dubai ‘Floating Seahorse’

The Emirates Classification Society, Tasneef, says it has signed a contract with Kleindienst Group to support the developer’s Floating Seahorse marine project...