Dubai Investments Park plans eight new hotels, serviced apartments

Dubai Investments Park (DIP) plans eight new hotels and serviced apartments, amid what it calls “surging demand and growth potential” due to its proximity...

Property

Damac shares rally in Dubai on London tower plans

Damac shares on Sunday soared by more than 7% after the Dubai developer said it is considering an equity stake in a 50-storey...

Property

Damac opens two hotels near Burj Khalifa in Dubai

The Dubai-listed developer Damac says it has opened two hotel-apartment projects close to the Burj Khalifa, the world's tallest building. The firm says the opening...

Construction

Arabtec shares rally as first phase of $40bn Egypt deal approved

Arabtec shares on Thursday rose by 5.24% after the Dubai builder said the first phase of a $40 billion housing deal in Egypt...

Infrastructure

Louis Berger wins $100m transport contract in Madinah, Saudi Arabia

Louis Berger, the international engineering consultancy, has won a $100 million consultancy contract for an ambitious public-transport programme in Madinah, Saudi Arabia.The...

Infrastructure

Dubai Airports investing $1.2bn to upgrade DXB terminals

Dubai Airports is investing $1.2 billion in new and upgraded facilities for the 110-plus airlines operating from Dubai International’s Terminals 1 and...

Infrastructure

Qatar ‘may not require cooling systems at winter World Cup’

Qatar may not require cooling systems in its World Cup stadiums due to the event now being held in winter, according to an...

Construction

Dubai contractor ASGC wins $133m Union Museum contract

Al Shafar General Contracting Co, the Dubai-based construction contractor, has announced that it has been awarded a $132.85 million contract from the...

Property

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...