Mega International Events on Building Materials and Real Estate

Bangalore successfully concludes BuildArch & BuildUp 2008; sees over 5000 business visitors and generates business enquiry of Rs. 50 Crores
India PRwire (press release) - Gurgaon, Haryana, India
BuildArch & BuildUp 2008, two concurrent mega international events on building materials and real estate, organised by BIEC, CII and DMAG came to a successful close today. Over 5000 business visitors thronged the exhibition and generated business enquiry of Rs. 50 Crores . In the first edition itself, the event attracted 200 exhibitors participating including those from ten other countries - Austria, Belgium, France, Germany, Spain & UAE among others. There were also country group pavilions from Australia, Italy and Korea. ...

Ruwaad Holdings Unveils Amazulu World Near Durban South Africa.

Dubai rivals compete for $4bn South African mega project
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
A Dubai-based company behind a $4 billion development in South Africa says it is confident that the project will not be derailed amid a political row.

Ruwaad Holdings unveiled Amazulu World, a massive themed entertainment and mixed-use destination development on the north coast of Durban at a glittering ceremony in the emirate last month. ...

Unitra METS Group Aquired by ADIC

ADIC Acquires Unitra METS Group
Zawya - United Arab Emirates

ADIC MENA Partners, LP, a private equity fund managed by Abu Dhabi Investment Company (ADIC), announced the acquisition in a leveraged buy-out transaction of a majority stake in Al Zarooni Family's Unitra METS Group, a specialty beverage distributor, headquartered in Dubai - UAE, with 2008 revenues expected to be in excess of AED 600 million.…

Bahrain Clinches 50% of GCC Real Estate Projects

Lion's share for Bahrain
Gulf Daily News - Manama, Bahrain
NEARLY a fifth of construction projects all over the Gulf, announced in the last few weeks, are happening in Bahrain, it emerged yesterday.

"Of the $100-billion projects that have been announced or have begun development in the GCC, $20bn are in Bahrain," said Bipex 2008 chairman Mohammed Khalil Alsayed. ...

Archangel Island Bought by Pearl Dubai for US$27m

Pearl Dubai buys US$27m private island
The National - Abu Dhabi, United Arab Emirates
Residents of Dubai Pearl will now be a boat trip away from their own private beach after the developer, Pearl Dubai, bought an island at Nakheel's The World development.
The company paid US$27.2 million (Dh100m) for Archangel, a 1.6 million square foot island close to Siberia and is located in the north of the 300-island development. Pearl Dubai will spend another Dh800m building on it. ...

AED 10 Billion New Projects Announced by Aarvees Real Estate Group in UAE

Aarvees Group announces projects worth AED 10 Billion in the UAE
Al-Bawaba - Amman,Jordan
Over the past few years, UAE's booming real estate sector has experienced an exponential growth. Aarvees Group has been one of the major players in the realty market since the freehold laws were implemented in 2002 and have been building on their portfolio of land bank acquisitions at primmest areas in the prospering emirate of Dubai ever since. ...

Libertas Commercial Tower Launched by Schön Properties

Schön Properties Launches 'Libertas' Commercial Tower
Al-Bawaba - Amman,Jordan
Schön Properties Launches 'Libertas' Commercial Tower.

Schön Properties has launched its latest commercial project, the AED 650 million Libertas tower, offering 21 floors of office and retail space in the Downtown Jebel Ali development on Sheikh Zayed Road.. ...

UAE Real Estate Developers to Attract Russian Investors from First International Property Show Moscow 2008

50 UAE developers eye major Russian investment
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
More than 50 UAE-based real estate developers are travelling to Moscow in a bid to attract wealthy Russian investors. The companies, including Damac Properties, Azizi Investments and The First Group are lined up to take part in the first International Property Show Moscow 2008, next month. ...