Topaz Energy and Marine Secure US$ 225 Million Contract

UAE's Topaz Energy and Marine Limited secure US$ 225 million contract from BP in Azerbaijan
Zawya - United Arab Emirates
Dubai, UAE - Dubai-headquartered Topaz Energy and Marine Limited announces that its wholly owned subsidiary BUE Marine Limited has been awarded a ten year, US$225 million contract from BP Azerbaijan to custom-build and supply three support marine vessels.

BUE beat competition from across the globe for the three vessel package, which comprises one Dynamically Positioned Platform Supply Vessel (PSV), one Dynamically Positioned Anchor Handling Tug Supply Vessel (AHTS) and one Emergency and Recovery and Response Vessel (ERRV).

U.S. Real Estate Market Discussion at Cityscape U.S.A. 2008

Donald Trump, Jr., Henry Cisneros, and Paul Murad to Discuss U.S. Real Estate Market at Cityscape U.S.A. in New York City
Earthtimes (press release) - London,UK
Donald Trump, Jr., Henry Cisneros, Paul Murad and other senior executives from leading real estate and investment firms such as Credit Suisse, Grubb & Ellis, Marcus & Millichap will discuss Bridging U.S. and Emerging Real Estate Markets at a conference on September 9-12, 2008, at the Javits Convention Center in New York.

For registration and more information visit: Cityscape usa

$100 million Islamic-compliant Fund Launched by Algebra Capital and Bahrain's Elaf Bank

Dubai's Algebra, Elaf Bank launch $100 Islamic fund
Reuters UK - UK
Dubai-based fund manager Algebra Capital and Bahrain's Elaf Bank launched on Sunday an Islamic-compliant fund with an initial size of $100 million (57 million pounds) to invest in securities in the Middle East, North Africa and Asia. The Sukuk Fund is an open-ended vehicle offering returns above 8 percent but will target an initial size of $100 million. ...

Nagarjuna Construction Company (NCCL) Won Two Projects Worth Dh1.1 Billion in Dubai and Abu Dhabi.

NCCL wins two projects worth Dh1.1bn in UAE
Zawya - United Arab Emirates
Nagarjuna Construction Company Limited (NCCL), one of India's leading contractors has won two projects worth Dh1.1billion in Dubai and Abu Dhabi.
The contract valued at Dh535 million is from Dubai Water and Electricity Authority for a 100km pipeline project. ...

NCCL has also been awarded the Dh600million project to build 588 villas in Al Ain by the Abu Dhabi Government. The company recently announced that it is expecting to increase its consolidated turnover in 2008 to reach Dh4.1billion. At present, the company's global division has an order book of Dh2.7bn comprising road projects, water pipelines and infrastructure projects. ...

Arabtec Construction Wins Saba 4 Tower Contract at AED 664 Million

Arabtec Construction LLC Signs contract with Saba Properties JLT valued at AED 664 Million
Zawya - Dubai, United Arab Emirates
Saba Properties JLT has awarded Arabtec LLC, a subsidiary of Arabtec Holding PJSC, the AED 664 Million contract for the construction of its latest quality tower, Saba 4.
The Tower is located in the Jumeirah Lakes Towers precinct in Dubai. Work on the project's infrastructure is already underway, while development of the main structure is expected to begin in the first quarter of 2009.

Abu Dhabi Investment House (ADIH) to Launch $2 Billion Real Estate Project

ADIH plans $2bn realty project by year-end
Zawya - Dubai, United Arab Emirates
Abu Dhabi Investment House (ADIH) plans to launch a $2 billion (Dh7.36bn) real estate project in the capital by the end of the year, Emirates Business has learnt.The development, Porta Moda Abu Dhabi, will mark the three-year-old firm's entry into the UAE real estate market. ...

ADIH has signed a memorandum of understanding with Emirates International Properties to create Porta Moda Abu Dhabi and with Gulf Finance House (GFH) to establish developments in Morocco the Royal Ranches in Marrakech and in Tunisia. ...

Morocco Real Estate - Next Hub

Authentic Morocco

Financial Times, UK

If what you seek in Morocco is sunshine with all the usual international trimmings - designer interiors, capacious swimming pools, a choice of spa treatments and/or golf courses - all served up with just a twist of Old Araby, then follow the herd and head for Marrakech. Massive infusions of mainly Gulf money are transforming its surrounding palmeraie into a Palm Springs-style playground in the sun, while the old town is now studded with estate agents quoting prices in euros rather than dirhams.

Aluminium Extrusion Plant in Algeria for AED 100 Million

Alumco and CPC sign historic MoU to set up AED 100 Million aluminium extrusion plant in Algeria
Zawya - DUBAI, United Arab Emirates:
Alumco LLC, the UAE-based specialized aluminium facade contractor and major glass processor, and Saudi Arabia-based Construction Products Holding Company CPC announced today the signing of an MOU to set up a new aluminium extrusion factory in Algeria.

The project will involve investment to the tune of AED 100 million and capital will be raised equally by both Alumco and CPC. The new factory, spread over 100,000 square metres, will have an initial production capacity of 50,000 tones per year, ...and work on the project is expected to start within six months from the signing of the MOU with completion due within nine months to one year.