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Real Estate News Alert.

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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Sunday, October 12, 2008

Real Estate into Baghdad By Al-Maabar

Al Maabar in $10 billion real estate move into Baghdad
CPI Financial - Dubai,United Arab Emirates
International real estate development investment company, Al Maabar, has unveiled details of its new project, to be developed in Baghdad.
The $10 billion development, which is located at the Al Rasheed Military Compound, will stretch across 5,000 donums (1,250 hectares) and comprise several key clusters including residential units, a commercial district, a technology center, a hotel and hospitality district, health care and educational districts, and public facilities such as mosques and gas stations. ...

Kuwait Peroleum Corporation Plans KD20bn Projects Next 5 Years

Kuwait Petroleum Corporation (KPC), Kuwait top state oil company, plans investments and projects worth KD20bn in the next five years, an official said. The investment figure is higher than an earlier estimate given by Kuwait's oil Minister Mohammad Al-Olaim, who said in June the OPEC producer would spend US$55bn on oil projects over the next five years. …

Empower Awards Vanderweil Engineers District Cooling Plant Contract

Empower Awards Vanderweil Engineers Contract to Design Pipeline Network for District Cooling Plant at 'The Lagoons'
Zawya (press release) - United Arab Emirates
Emirates Central Cooling Corporation (Empower) the largest district cooling service provider in the region and a joint venture between TECOM Investments and Dubai Electricity and Water Authority (DEWA), today announced it has signed a contract with Vanderweil Engineers, one of the largest and most experienced engineering firms, to carry out the design and supervision of the distribution pipeline network for its district cooling plant at 'The Lagoons' project.

Amara Eyes Asia Mideast Investments

Dubai-based Amara eyes Asia, Mideast investments
Reuters India - Mumbai,India
Dubai-based Amara Holding said on Saturday it is looking for investment opportunities in China, India and the Middle East as growing demand for Islamic finance in those markets mitigates a global economic downturn. ...