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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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Thursday, November 6, 2008

Dutco Balfour Beatty LLC (DBB) Secured Order for Dh3 Billion

Dutco Balfour Beatty bags Dh3b orders for 2009
Zawya - United Arab Emirates
Cashing in on its reputation for top quality work and professional services, Dutco Balfour Beatty LLC (DBB), one of the UAE's leading construction companies, has currently secured a workload valued at Dh3 billion for 2009. ...

Harsco Corporation Added Support in Dubai's International Airport Expansion

Harsco Adds to Middle East Construction Role With Additional $2 Million Order
MarketWatch - USA
Worldwide industrial services and products company Harsco Corporation announced today it is adding to its supporting role in Dubai's International Airport expansion project under an additional new order for rental shoring valued at up to $2 million over its duration. ...

Master Plan Completed for New Port and Industrial Complex East of Port Said - Egypt

DHV completes master plan for major Suez Canal port
Zawya - United Arab Emirates
Dutch consultancy and engineering group DHV has completed its master plan for a new port and industrial complex to be developed to the East of Port Said, Egypt. Port Said is located on the Mediterranean side of the Suez Canal, through which 30% of the world's container transport and 13% of the world's trade flows

Pearl Dubai to Award Dh10 Billion Phase 2 Contract for Dubai Pearl project.

Two firms in race for Dh10bn Pearl Dubai contract
Zawya - United Arab Emirates
Next week, Pearl Dubai will award its Dh10 billion main contract to one of the two companies in the final shortlist for its Dubai Pearl project. Meanwhile, the first phase of construction has begun in April, when Pearl Dubai awarded a contract worth Dh305 million to Al Habtoor STFA Soil Group to carry out enabling works

Dr Dia Malaeb Appointed Chief Executive Officer of Emaar Pakistan

Emaar Pakistan appoints Dr Dia Malaeb as Chief Executive Officer
Property Wire - St. Albans, England, UK
Emaar Pakistan, the country subsidiary of Dubai-based Emaar Properties PJSC, has appointed Dr Dia Malaeb, as its new Chief Executive Officer.
Dr Malaeb will lead Emaar Pakistan's multi-billion dollar projects in Islamabad and Karachi, and also explore new growth opportunities. ...

Gulf General Investment Company launches Phase Three of Axis Residences

GGICO launches third phase of successful Axis Residences at Dubai Silicon Oasis
Zawya (press release) - United Arab Emirates
Gulf General Investment Company (GGICO), one of Dubai's leading diversified group of companies, reiterated its commitment to the UAE real estate sector with the launch of the third phase of Axis Residences in Dubai Silicon OasisDubai Silicon Oasis. ...

Abraaj Capital Sees $2 Billion in Middle East, North Africa and Asia

Abraaj Capital eyes $2 billion of deals in 2009
Reuters - USA
Private equity firm Abraaj Capital sees $2 billion worth of deals in 2009 as it looks to benefit from lower valuations across the Middle East, North Africa and Asia, an executive said on Tuesday. "Our pipeline is comfortably over $2 billion ... although not all deals may be completed. ...

Nevada Gaming Control Board Gave its OK for Dubai World - MGM Mirage

Dubai World-MGM Mirage investment gets initial OK
San Francisco Chronicle - CA, USA
Nevada gambling regulators have given preliminary approval for Dubai World to invest more than $6 billion in casino giant MGM Mirage Inc. The state Gaming Control Board gave its OK on Wednesday for several subsidiaries of the investment arm of the Persian Gulf state ...