Dubai’s Majid Al Futtaim to use bonds, sukuk for expansion

The Dubai-based retail conglomerate Majid Al Futtaim (MAF) says it will use bonds to fund its expansion in markets like Saudi Arabia and...

Infrastructure

France’s Egis lands contract for Um Alhoul Economic Zone in Qatar

Egis, the French engineering group specialising in infrastructure and transport systems, has been awarded design and construction supervision contracts for the Um...

Property

Cayan, Shuaa to set up fund for $272m Dubai project

The Gulf-based developer Cayan Group and investment firm Shuaa Capital plan to set up a fund for the construction of a $272 million development...

Features

Top 10 Kuwait infrastructure projects

1. AL-ZOUR NEW REFINERY PROJECTOwner: Kuwait National Petroleum Company (KNPC)Budget: $15bnProgress: Invitation to bid The project involves EPC contract to build a...

Consultant

British firm bags design contract for Dubai’s Al Maktoum airport

The UK-based Leslie Jones Architecture has been commissioned to carry out design work at Al Maktoum International Airport as it undergoes a $32 billion...

Construction

Dubai’s Arabtec scoops $283m Saudi Aramco housing contract

Arabtec has won an AED1.04 billion ($283.1 million) contract to build housing for Saudi Aramco, the Dubai-listed builder said in a statement.The contract won by...

Property

Abu Dhabi’s Aldar raises $163m from Khalifa City plot sales

Aldar Properties, the Abu Dhabi-listed property developer, says it sold all 281 land plots in its Al Merief development within a week, raising...

Construction

Saudi Arabia’s CPC to invest $500m in Egypt ‘SME cities’

Saudi Arabia's Construction Products Holding Company (CPC), a building-materials provider, says it has signed an MoU to build five industrial cities for...

Construction

Al Hamra breaks ground on $272m Falcon Island in RAK

Ras Al Khaimah’s Al Hamra Real Estate Development (AHRED) has broken ground on its AED1 billion ($272.3 million) Falcon Island residential project,...

Features

Labour of love: The Palace Residences in Jordan

With rays bouncing off stainless steel handrails and pristine Jerusalem stone, the Palace Residences gleams in the Jordanian winter sun. Surrounded by embassy...