Dubai Parks spending hits $1.6bn at end of ‘15

Dubai Parks and Resorts is on track to open in October, with cumulative project expenditure including land amounting to AED5.8 billion ($1.6bn)...

Property

Damac: Short supply to boost Dubai market

A shortage in supply of new homes is set to boost the Dubai property market in 2016, with fewer than 10,000 units...

Infrastructure

TRANSCO wins UAE nuclear plant power line deal

The Emirates Nuclear Energy Corporation (ENEC) has signed with the Abu Dhabi Transmission & Despatch Company (TRANSCO) to allow the electricity from...

Construction

Kuwait’s Al Kout waterfront project to open by Q4 2017

Kuwaiti developer Tamdeen Group has announced that its Al Kout waterfront project is on track to open in the fourth quarter of...

Property

Abu Dhabi property market ‘slowdown’ in 2016 – Asteco

Abu Dhabi property activity is set for a “noticeable slowdown” in 2016, compounded by a reduction in government spending and stagnant salaries,...

Consultant

Plans submitted for City of London’s tallest skyscraper

The City of London Corporation has received design plans for what would be the tallest skyscraper in the UK capital’s Square Mile...

Property

Rotana to open nine hotels in UAE by 2020

The Abu Dhabi-based hospitality chain Rotana is set to open nine new hotels in the UAE over the next five years, it...

Construction

Majid Al Futtaim to invest $3.7bn in two Riyadh malls

Majid Al Futtaim plans to invest $3.73 billion in the construction and development of two shopping malls in Saudi Arabia’s capital, Riyadh.The Dubai-based...