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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Friday, September 19, 2008

Orascom Construction Industries Wins First Contract

Arabian Sea Foundation Lands First Contract
MarketWatch - USA
Arabian Sea Foundation Lands First Contract for USD 150 million. Orascom Construction Industries (OCI) announced today that its newconstruction joint venture, "Arabian Sea Foundation" (1) based in AbuDhabi, UAE, in partnership with Hydra CommercialInvestments, Sorouh Real Estate PJSC (SOROUH.ADSM) and CapitalInvestment, landed its first construction contract worth USD 150million. ...

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