Oct 21, 2008
“State-owned Nakheel, developer of the palm-shaped islands off Dubai's coast, said it had no need for external financing until 2010 but may scale back its huge land reclamation projects to curb costs and protect profits.”
SOURCE: ArabianBusiness.com – Nakheel may scale back land reclamation Read More
Oct 21, 2008
Jeddah, Saudi Arabia; October 21, 2008: Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has signed a real estate smart city consultancy contract with Orange Business Services, the business services arm of France Telecom.Mr Fahd Al-Rasheed, Board Member and Chief Executive Officer, Emaar.E.C, signed the agreement with Mr Philippe Koebel, Senior Vice President of Emerging Markets & Indirect Channels, Orange Business Services, in Jeddah, recently. Mr Al-Rasheed said: “The agreement with Orange Business Services reflects our ... Read More
Oct 20, 2008
Saudi developer Al-Oula plans to sell Islamic bonds worth 3 billion riyals ($800 million) within two years to help finance projects both in the kingdom and in the region
read more @ the SOURCE: ArabianBusiness.com – Saudi developer Al-Oula to raise $800mn via sukuk Read More
Oct 20, 2008
AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, today announced that it has signed a contract to provide development management services to Abu Dhabi's Tourism Development & Investment Company (TDIC) for the Saadiyat Island Cultural District and other projects in the United Arab Emirates (UAE). Revenue from the development management contract is estimated to exceed $210 million through 2013.
AECOM: Press Release. Read More
Oct 20, 2008
Al Shafar General Contracting (ASGC) has won a prestigious contract worth Dhs1.1bn from Nakheel, to construct a mixed residential development in Jumeirah Heights.
read more @ the SOURCE: AMEinfo.com ASGC wins Dhs1.1bn contract for Jumeirah Heights project | Al Shafar General Contracting. Read More
Oct 19, 2008
Sweet Homes, a leading UAE-based developer and multi-service provider to the real estate sector, has announced its extensive participation at the ‘Kuwait Property Exhibition 2008’ (KUPEX), which will run from October 21 - 24, 2008 at the Sheraton Hotel & Tower in Kuwait City.
SOURCE: Arabianbusiness.com – Sweet Homes to showcase AED 3 billion “Ajman Uptown” at “Kuwait Property Exhibition 2008” Read More
Oct 19, 2008
A joint venture of the local Arabtec Construction and Greece's Aktor is in exclusive negotiations over the contract to design and build the AED7bn ($1.9bn) Cleveland Clinic in Abu Dhabi.
read more @ MEED.com (subscription only) – Arabtec Construction and Aktor negotiates to build Abu Dhabi clinic. Read More
Oct 19, 2008
Jumeirah Group, on Friday said it had signed five new hotels in the last two weeks, bringing the total number of new properties under development to 19.
read more @ the SOURCE: Gulfnews: Jumeirah Group announces 19 hotels under development. Read More
Oct 18, 2008
Large scale finance and real estate projects in the Middle East, some of which were announced at Cityscape, will be vulnerable to the global credit crunch, according to a new report.
Read more @ the SOURCE: Propertywire.com – Mega property projects in the Middle East could face funding problems | Middle East | News. Read More
Oct 16, 2008
WSP is appointed and working as the structural engineer for the iconic Nakheel Tower, announced on 5th October 2008 by Dubai developer, Nakheel. The Nakheel Tower, which will be over one kilometre in height, will stand at the core of the multi-billion dollar Nakheel Harbour & Tower development.WSP is also playing a major role in Meraas Development’s USD95 billion Jumeira Gardens scheme, Dubai’s first master planned Urban Regeneration Development, launched on the 6th October at the recent Cityscape exhibition.
SOURCE: WSP Group: ... Read More