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...

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...