Business | Construction
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Thursday May 16
Egypt settles dispute with Damac
The settlement with Damac involved two of Damac’s projects in New Cairo and a third in the Red Sea area
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Wednesday May 15
Drake & Scull’s order book crosses Dh10 billion, says CEO
Tabari says he has no plans to sell his own stake in Drake & Scull
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Tuesday May 14
UAE’s GDP to top $395b this year
Construction, real estate and services sectors seen driving growth, econony minister says
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Monday May 13
Bechtel eyes wider role for itself in region
Bechtel has bid for project management contract at Etihad Rail
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Tuesday May 7
Emal phase II scheduled to start production on December 2
40 per cent of contracts for Emal phase II awarded to local contractors
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Tuesday May 7
Drake & Scull International wins contracts in Saudi Arabia and India
Deals worth Dh385m are for infrastructure projects
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Sunday May 5
Gulf Capital gets 450 million Saudi rials loan
Gulf Related to launch SR650 million residential compound
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Thursday May 2
Arabtec reports Dh99.7 million first quarter net profit
First quarter revenue surges 20%
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Thursday May 2
Drake and Scull’s first quarter profit climbs 47%
Dubai contractor’s revenue increases 58%
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Wednesday May 1
Will series of Dubai mega-projects create market glut?
Developers are taking a more realistic and cautious approach to projects, analysts say
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Wednesday May 1
First phase of Mohammad Bin Rashid City due within three years
Value of Mohammad Bin Rashid City-District One expected to reach Dh21b
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Wednesday May 1
Meydan, Sobha Group JV to develop project
MBR City-District One market value could reach Dh21b
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Tuesday Apr 30
Real estate: Aldar’s Q1 net profit slumps 67.7%
Revenue fell to Dh1.6 billion compared to Dh3.6 billion in the same quarter last year
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Wednesday Apr 24
Emirates airline to build 5 towers for cabin crew at Dubai Silicon Oasis
Airline strikes deal to build residences to accommodate 2,000 staff
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Thursday Apr 18
Al Maabar to develop Al Waha project in Tripoli
Commercial, retail, hospitality and residential space to cover a built-up area of 145,000 square metres
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Wednesday Apr 17
Arabtec and Samsung Engineering to form joint venture
New company will capture growth opportunities in the oil & gas, power and infrastructure sectors
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Wednesday Apr 17
World Trade Centre Abu Dhabi project to be completed in 2014
Souk at World Trade Centre Abu Dhabi already operational
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Wednesday Apr 17
Al Maabar develops Aqaba, Amman, Morocco projects
Project cost of Marsa Zayed, Aqaba, is estimated at $10b
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Wednesday Apr 17
High-end units have big demand in Abu Dhabi
Majority of units in Saadiyat are leased to expatriates
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Tuesday Apr 16
Arabtec not keen on stake in Drake & Scull
Dubai-based construction major to announce venture with oil & gas firm
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Tuesday Apr 16
Major solar projects to come up in the region
Region is abundantly suited for solar projects
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Tuesday Apr 16
Aldar gets contract to build 996 villas
New projects to come up at Al Falah development in the capital
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Tuesday Apr 16
Mubadala sells 10 plots of land on Al Maryah Island
Expansion will provide a world class regional retail destination
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Tuesday Apr 16
TDIC releases the third phase of Saadiyat Beach villas for sale
A limited number of 33 Mediterranean style villas with four and five-bedrooms on offer
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Tuesday Apr 16
Cityscape Abu Dhabi opens with participation from leading developers
Three-day show showcases multi-million dollar projects
Business Editor's choice
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Islamic finance forum offers mixed messages
Diverse gathering generates heat and light but exposes muddle of motivations
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Yahoo nearing $1.1b acquisition of Tumblr
Deal could be announced Monday as internet company’s board of directors prepares to meet
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Mobile advertising must catch up in region
Middle East made up 6 per cent of global smartphone shipments last year
