Jul 24, 2008
Arabtec Holding, the UAE's largest construction firm by market value, said on Wednesday it had received a 638 million dirham ($173.7 million) building contract from Dubai's Cayan Investment & Development.Under the deal, Arabtec would build two residential towers at Dubai Marina, said the firm, which is building the world's tallest skyscraper, in a statement.
SOURCE: ArabianBusiness.com – Arabtec wins $174mn Dubai deal - Construction & Industry - Read More
Jul 23, 2008
WAM reports that RAK Properties, the most prominent property developer in Ras Al Khaimah, has announced a net profit of AED 225 million for the first half of the year ended 30th June 2008.The company sold residential and commercial units worth AED 1106 million in the first half of 2008, which is 115.60% over the same period in 2007. The sale volume is increasing exponentially and the company is currently looking at expanding into regional and international markets. The sales performance continues ... Read More
Jul 21, 2008
Arabtec Holding, the UAE's largest construction firm by market value, said on Sunday it had received a 599 million dirham ($163.1 million) building contract from Emaar Properties.Under the deal, Arabtec would design and build 550 villas for the Warson Development in Dubai, the firm, which is building the world's tallest skyscraper, said in a statement on the Dubai bourse website.
SOURCE: Trade Arabia - Middle East business information Read More
Jul 16, 2008
The Al Habtoor Leighton Group, through the Abu Dhabi division of Al Habtoor Engineering, has been awarded an AED 2.25 billion contract for the Al Bustan mixed-use development in Abu Dhabi for the Al Hamid Group.Al Bustan complex in Abu DhabiThe project comprises five 17-storey towers above a five-level carpark. It includes:* A four-star, 385-room business hotel* An 30,000 square metre office tower* A tower of 250 serviced apartments* Two residential towers with a total of 450 apartments* Retail and food outlets* ... Read More
Jul 16, 2008
Ivor Catto, currently a member of the Executive Board of Atkins, has been named as successor to Tim Wade as chief executive of Hyder Consulting.
He will take on the role on 1 December. Tim Wade, who had announced he would retire on 31 August, will stay on until that date.
SOURCE: Hyder Consulting News Read More
Jul 16, 2008
Gopal Bhattacharya of Emirate Busines 24/7 reports that The UAE construction industry, which has been witnessing unprecedented growth in the past few years, is facing increasing challenges such as getting foreign workers into the country as well as rising cost of raw materials, including cement and steel, according to a new report.SOURCE: Emirates Business 24/7 – Construction sector in UAE faces rising challenges. Read More
Jul 16, 2008
While the majority of landscape architects remained busy last quarter, fewer than three in ten firms plan to hire in the short term, according to the latest Business Quarterly survey by the American Society of Landscape Architects (ASLA).
Almost 57 percent of landscape architecture firms reported average or above billable hours in Q2 2008 and just under 50 percent reported average or above inquiries during the same period—slightly above and below the previous quarter, respectively. However, only 29 percent plan to hire ... Read More
Jul 15, 2008
AMEinfo reports Emaar Middle East, a leading property developer in the region, has awarded construction contracts for the first two residential villages in its Al Khobar Lakes development to several leading Saudi Arabian contractors.
SOURCE: AMEinfo.com – Emaar awards contracts for Al Nada and Al Ghadeer villages within Al Khobar Lakes Read More
Jul 15, 2008
Arabian Business reports that The UAE emirate of Ras Al Khaimah has introduced tough new rules forcing developers to deposit investor funds in guarantee accounts in a move aimed at regulating the sheikhdom’s fast-growing real estate sector.
SOURCE: ArabianBusiness.com – RAK clampdown on property developers - Real Estate - Read More
Jul 13, 2008
Sharjah, Fujairah, Ras Al Khaimah and Umm Al Quwain have a rapid increas in toruists with an estimate of 5 million tourists this year.
Emirates Business 24/7 reports that visitor numbers to Ras Al Khaimah are to increase by 400% in the next 4 years from last years 500,000. Its not just tourists coming for a holiday makers but aslo business travellers who stay and enjoy the luxury amenities.
The same article reports that 22 hotels worth AED113 billion will be completed by the ... Read More