Aldar awards $86m contract for Al Jimi Mall expansion

Aldar Properties, the Abu Dhabi-listed property developer, has announced the signing of a $86.5 million contract for the refurbishment and expansion of...

Construction

Russia confirms $5bn loan to Iran for joint projects

Russia has confirmed plans for a $5 billion loan to Iran for joint projects in the Islamic republic, according to a statement...

Construction

Dubai’s Arabtec says ex-CEO is not joining board

Arabtec on Monday dispelled rumours that its ex-CEO is to join its board, prompting a new fall in the contractor’s volatile Dubai-listed stock.The...

Construction

Saudi, UAE firms in alliance for $3bn industrial city in Egypt

An alliance between Saudi Arabian and UAE companies has submitted a request to the Economic Commission of the Suez Canal to obtain...

Construction

Orascom Construction wins $200m deals in Algeria, Egypt

Orascom Construction has announced that it has signed a total of $200 million in contracts for industrial and infrastructure projects in Algeria...

Construction

UAE construction salaries ‘to grow by 2-5%’ this year

Salaries in the UAE construction sector are expected to grow by between 2 and 5% this year, according to Morgan McKinley.The forecast...

Construction

Gulf Asia awarded $122m Dubai contract by Geepas – report

Gulf Asia Contracting has won a AED450 million ($122m) contract for a mid-rise residential building in Dubai, Gulf News reports. The 19-storey...

Construction

India’s Punj Lloyd wins $45m contract in Dubai

Punj Lloyd, India’s second largest engineering and construction company, has announced that it has won a $45.7 million contract for work on...

Property

Corporate demand driving growth for Cairo hotels – Colliers

Cairo’s tourism and hospitality sector has been resilient over the last year, recording high inflows of international visitors despite socio-political uncertainty, according...