InterContinental Hotels Group Dubai Festival City Signs Agreement with HMC

InterContinental Hotels Group Dubai Festival City Signs Agreement With HMC to Partner in the Successful Privilege Club Program
Market Wire (press release) - USA

HMC (Hospitality Marketing Concepts), the leading solution provider of loyalty membership programs, has been selected by the InterContinental Hotels Group Dubai Festival City complex to implement and manage a private-label membership program for their three flagship Dubai properties. ...

India's Real Estate Market & Property Booster

Gulf property developers could boost India's real estate market
Property Wire - St. Albans, England, UK
The real estate sector in India is set to grow by 30% and be worth $16 billion by 2010 despite the global economic downturn, it is claimed.

Middle East property investors and developers are likely to be the saviours of the property industry which is currently facing financial problems due to high interest rates and tight lending conditions. ...

End of Gulf Speculation and Ease on Inflation

Crisis may end Gulf speculation, ease inflation
Reuters - USA
Global financial turmoil may be painful for Gulf Arab economies but top executives said on Tuesday it could also weed out property and bourse speculators looking for a quick buck and help curb spiraling inflation. ...

Carillion Wins Another Contract in the Middle East

UPDATE 1-Carillion wins Dubai contract, confirms 2009 targets
Reuters - USA
British support services group Carillion said it won another contract in the Middle East and confirmed it expects to deliver improved earnings in 2009, sending its shares higher on Wednesday.

Carillion said its 49 percent-owned Al Futtaim Carillion joint venture won a 100 million pound ($158 million) contract for the German Business Park project in Dubai. ...

Independent Water and Power Plant Project (IWPP) in Jubail and Yanbu

Jubail Water, Power Project On Schedule
Zawya - United Arab Emirates

Massive industrialization plans in Saudi Arabia coupled with a rapidly growing population have led to phenomenal growth in the power and water industry in the country. Stemming from the growing synergy between power generation and desalination and opening the sector to private investment, Marafiq has launched its Independent Water and Power Plant Project (IWPP) in Jubail and Yanbu, paving the way for the continued growth of the industrial sector and the national economy. ...

Dolce Hotels and Resorts begin Work on its Global Portfolio

Dolce Hotels and Resorts expands in Munich
CatererSearch - Sutton, England, UK
Dolce Hotels and Resorts has begun work on the latest addition to its global portfolio, the €50m (£40.3m) Dolce Munich in Munich, Germany. The hotel, situated in Unterschleißheim, is due to open in April 2010 next to Dolce's BallhausForum conference facility. ...

The Anara Tower World’s Tallest LEED Building

The Anara Tower
Green Muze - Salt Spring Island, British Columbia, Canada
Inspired by the Minaret, The Anara Tower may one day have the distinction of being the world's tallest LEED certified building. The world's tallest building is another Dubai mega project called the Burj Dubai. Tameer recently unveiled the Atkins' designed 600metre tower (470,000 sq m total built up area) scheduled to be built in Dubai, Saudi Arabia on the famous Sheik Zayed Road. ...

1000 Luxury Residential Apartments Worth $2.2 Billion Taken by Adam Scott

Scott takes a slice of Dubai property market
The Australian - Sydney, Australia
The 28-year-old Australian, ranked 16th in the world, is one of the partners in a joint venture with the James Packer-backed developer Sunland Group to build a 68-storey sloping silver glass tower on Dubai's beachfront. ...