Abu Dhabi Oil Refining Company Awards Two Contracts

TAKREER Awards $5.2 Billion Refinery Contracts
Zawya

TAKREER (Abu Dhabi Oil Refining Company) announced that two Contracts worth $ 5.2 billion have been awarded to two international companies as part of the overall plan to expand the oil refining capacity in the Ruwais refinery.…

Ferrari May Bring Dubai Back on Track

Telegraph.co.uk

Opening of Ferrari store indicates Dubai is back in the driving seat
Telegraph.co.uk

If Ferrari carries the whiff of wealth, there could be a smell of recovery in the crisis-ridden air of Dubai. It may not be to the taste of egalitarians and bears. On Wednesday Ferrari chose one of its signature shopping malls to open the largest of its worldwide chain of merchandising stores. ...

Deyaar, the city's second biggest developer, said it was going to start rolling out new housing projects across the region, almost exactly a year after the ...

Cityscape Dubai 2009 Opens - October 5th

Cityscape Dubai 2009 opens tomorrow
Zawya
Most talked about real estate show a platform for industry challenges - comprehensive study of Dubai market to be published.

Cityscape Dubai 2009 - the most talked about exhibition dedicated to the real estate industry, now in its eighth year, opens its doors tomorrow (Monday 5 October 2009.)...

Hines to Buy $1bn UAE Distressed Asset Fund

Hines plans $1bn UAE distressed asset fund | Real Estate | AMEinfo.com
US-based real estate developer and investor, Hines plans to buy up heavily discounted properties from hard-pressed owners and developers through a new $1bn distressed asset fund, The National has reported. ...

US$95.3bn Jumeira Gardens Project Moves Ahead

Green shoots for Jumeira Gardens
National

Cityscape Dubai may be more exciting this week than people have been predicting, as Meraas Development emerges from a hiatus brought on by the property slump to announce a plan to move ahead with its Dh350 billion (US$95.3bn) Jumeira Gardens project. ...

Majid Al Futtaim Properties in $1Bn Damascus Project

Majid Al Futtaim in $1bn project
National - Abu Dhabi, United Arab Emirates

Majid Al Futtaim Properties, the company behind Dubai's Mall of the Emirates and Deira City Centre, is pushing ahead with its regional plans despite the economic downturn.

The firm had drawn up a master plan for a mixed-used development that will be built across a 100-hectare site in the Sabboura Yafour district of Damascus in Syria, and will begin construction over the next 12 to 18 months, said Peter Walichnowski, the chief executive of Majid Al Futtaim Properties.. ...

Cityscape Dubai 5-8 October 2009

5 ~ 8 October, 2009 Dubai International Convention and Exhibition Centre, UAE Just One Week Left to the most influential real estate event of the year. With major players in the industry confirmed to participate at Cityscape Dubai 2009, it is important that you pre-register your free visit to the exhibition. By pre-registering you can save valuable time at the registration counters by gaining access to the exhibition through fast track entry. See who's exhibiting   Are you looking at…   ·          being identified exclusively by our exhibitors ·          gaining exceptional networking opportunities with key industry peers ·          having free access to the two day Cityscape Connect seminar sessions ·          interacting with other important executives from the industry in a relaxed environment at the CNN and VIP Lounges ·          enjoying the informal atmosphere with key industry peers at the exclusive Cityscape Cocktail Party   If YES, then we recommend you to register as a VIP Visitor for just US$ 250 NOTE: VIP registration closes on 1st October     Cityscape Awards   You are also invited to the prestigious architectural awards, under the theme "Design for an Emerging World". After reviewing hundreds of entries the shortlist has been drawn up by the jury. Click here to view a shortlist of Cityscape Awards.   Be there to witness when we recognise the year's highest achievements within the Architecture industry. Click here to download the Cityscape entry form for the Awards gala dinner.   Important Highlights and PDF Downloads   Latest Exhibitors List is Now Online Focus on Dubai - Sneak Preview Cityscape Dubai Calendar of Events at a Glance Cityscape Dubai Preview Available Online View the Sample Participants List   Special Hotel Offers for Cityscape Dubai 2009 Rates have been negotiated for visitors with a number of carefully selected hotels in Dubai. To take advantage of these rates please contact the hospitality desk on +971 4 4072693 Cityscape list of hotels...     THE PREMIER INTERNATIONAL REAL ESTATE INVESTMENT AND DEVELOPMENT EVENT www.cityscape.ae Foundation Sponsors Platinum Sponsor Silver Sponsor Official English Radio Cityscape Global Portfolio Click here to register your interest in other Cityscape products

 

Drake & Scull Won Thailand Contract

Drake & Scull International Win First Contract in Thailand
Drake & Scull International PJSC (DSI) has been awarded its first contract in Thailand, a AED 130 million Mechanical, Electrical & Plumbing (MEP) contract for The River development, a luxury condominium building located on the Chaophraya River in Bangkok.

The project win follows the establishment of DSI Thailand offices earlier this month...

Canadian Gulf Construction (CGC) Awarded Contract for the New Dubai Autism Center Building

Dubai-based Construction company secures high-profile construction deal
Zawya
27 July 2009 Foundations have been laid on Dubai's largest center for children with autism disorders. The company Canadian Gulf Construction Co., (CGC), a Dubai-based construction company, has been awarded the contract for the erection of the new Dubai Autism Center building.

GTCC Awarded AED 250 Million Contract in Dubai Marina

DSI Subsidiary Awarded Contract Valued at AED 250 Million in Dubai Marina
Zawya
Awarded by Marina Exclusive Limited, the contract is for the design and build of the residential tower comprising five basement levels and ground plus 38 floors. The tower will contain studios, one and two bedroom apartments and penthouses as well as pool, fitness centre and parking.

Injazat Capital Limited Would Provide Advisory Services to White Nile Sugar Company

Injazat Capital to advise on a $1 billion Agricultural project in Sudan
Al-Bawaba - Amman, Jordan
Injazat Capital Limited, the leading investment bank in the MENA region, announced today that it would provide advisory services to White Nile Sugar Company Ltd. (WNSC) on completing the financing of its new $1 billion sugar refinery and related products in Sudan....

Zayed and British Museums on Saadiyat Island

British Museum to help launch Zayed National Museum in Abu Dhabi eTurboNews - Haleiwa, HI, USA Foster, whose Abu Dhabi plans will be revealed later this year, will not be the only architect flying the cultural flag for Britain on Saadiyat Island. ...

Expert advice for Zayed National Museum GulfNews - Dubai, United Arab Emirates The Zayed National Museum is scheduled to open in 2013 as the cornerstone project of the Saadiyat Island Cultural District. The 12000 square metre museum ...

Zayed Museum finds new avenues Emirates Business 24/7 - Dubai, United Arab Emirates Tourism Development & Investment Company (TDIC), the developer of Abu Dhabi's Saadiyat Island Cultural District, yesterday announced the signing of an ...

Zayed and British museums collaborate The National - Abu Dhabi, United Arab Emirates This is part of the Cultural District to be built at Saadiyat Island. ... TDIC, the developer of Abu Dhabi's Saadiyat Island Cultural District

Abu Dhabi Hotel Contract Awarded to Al-Habtoor JV Murray Roberts

Murray Roberts and Al Habtoor JV bags Abu Dhabi hotel contract
SteelGuru - Gurgaon, Haryana, India
Cramer Media reported that South African construction firm Murray & Roberts and JV partner Al Habtoor have been awarded a AED 1.8 billion contract in Abu Dhabi.

The companies would construct the St Regis Hotel and Residences on Saadiyat Island for the Tourism Development and Investment Company,...

Drake & Scull International (DSI) Secured Two New Projects Worth Dh500 Million in Dubai

DSI subsidiary bags two Dubai contracts worth Dh500 million
By Sadik Al Rumaithi
Drake & Scull International (DSI), has announced that it has secured two contracts worth about Dh500 million in Dubai. The sources close to the company said that the work on the projects is expected to commence within the coming few months. ...

UAE Projects' $900 Billion in Value

Value Of UAE Projects Rises To $930 Billion
Zawya

The UAE is carrying out projects in construction and other sectors with a total value of nearly $930 billion (Dh3.4 trillion) - some 45 per cent of all projects planned in the Gulf, a Kuwaiti bank said yesterday. ...

Sale of Mirador Villas - Emaar Properties Pakistan

Emaar Pakistan to launch sale of Mirador Villas
Daily Times
ISLAMABAD: Emaar Pakistan, the country subsidiary of global property developer Emaar Properties PJSC, will be offering sale of a limited number of fully-constructed Mirador Villas at the Canyon Views development in Islamabad on July 25, 2009. ...

Murray & Roberts JV Al-Habtoor Awarded Abu Dhabi Hotel Contract

Murray & Roberts, Al Habtoor win Abu Dhabi hotel contract
Creamer Media's Engineering News - Garden View, South Africa
South African construction firm Murray & Roberts (M&R) and joint-venture (JV) partner Al Habtoor have been awarded a 1,8-billion dirham (around R3,7-billion) contract in Abu Dhabi. The companies would construct the St Regis Hotel and Residences on Saadiyat Island for the Tourism Development and Investment Company, M&R said in a statement late on Friday. ...

Al Manar Shoppimg Mall Ras Al-Khaimah Renovations at Dhs 500 Millions

Al Manar Mall To Spend Dh500M In Renovation
Zawya
Al Manar Mall, one of the first shopping malls in the Northern Emirates, will go in for a total revamp and renovation soon to meet growing competition in the emirate. ...

Dubai Lifestyle City DHS 400 Millions Contract Awarded to Saleh Construction

Saleh Wins DLC's Dh400m Contract
Zawya
Saleh Construction, a major UAE construction and engineering company, has won the Dh400 million main contract for the first phase core and shell construction for Dubai Lifestyle City (DLC), according to a senior official of the project.

Abu Dhabi Sovereign Wealth Fund to Invest US$1 Billion in Malaysia

Abu Dhabi Mulls US1 Bln Investment In Malaysia
Bernama - Kuala Lumpur, Malaysia
ABU DHABI, July 21 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak has announced a major initiative by the Abu Dhabi government whereby a sovereign wealth fund it wholly owns is set to make a US$1 billion investment in Malaysia in the energy, real estate and hospitality sectors. ...

UAE’s Dhabi Group in Talks Over African Investment

Essar Group and UAE's Dhabi Group in talks over African investment Options
TeleGeography - Washington, DC, USA
India's Essar Group has begun discussions with UAE-based Dhabi Group, an investment firm led by the Abu Dhabi royal family, with a view to investing in African telecoms assets, the Economic Times is reporting. ...

Abu Dhabi's Aabar Investments Planned JV Austria's Berndorf

UAE's Aabar in Austrian JV, eyes tech, property
Forbes - NY, USA
ABU DHABI, July 21 (Reuters) - Abu Dhabi's Aabar Investments , which took a stake in Daimler AG this year, said on Tuesday it planned a joint venture with Austria's Berndorf to invest in technology firms and property in Europe. ...

Knowledge Economic City (Saudia Arabia) Awarded to AECOM (US)

AECOM bags Knowledge Economic City contract in KSA
Construction Week Online - Dubai, United Arab Emirates
US conglomerate AECOM has won a US $15 million (SAR 56 million) contract to provide programme management services for phase one of Knowledge Economic City in Madinah, Saudi Arabia. ...

Dubai Firm Proposal to Run Airport

Dubai firm bids to run airport
New Vision - Kampala,Uganda
A Dubai-based company, Dodsal Infrastructure Development, has applied for a concession to run the Entebbe International Airport.

Consequently, a technical committee, led by the finance ministry, has been set up to scrutinise the proposal.

Dubai to Raise the Second $10bn Tranche of $20bn

Dubai seeks to raise $10bn
Financial Times - London, England, UK
Dubai said yesterday it had begun the process of raising a second $10bn tranche of a $20bn sovereign bond programme and was setting up a new fund to manage the proceeds. ...

Aldar Appoints Three Contractors for 5,000 Villas at Al Falah

Aldar Properties appoints contractors to build 5000 villas at Al Falah

Zayya
Abu Dhabi - 20 July 2009 - Aldar Properties PJSC, Abu Dhabi's leading property development, management and Investment Company, today announced the signing of contracts with three contractors, focused on delivering 5,000 villas at Al Falah...

Qatar Infrastructure Report Q1 2009 on Project Finance Ratings

Qatar Infrastructure Report Q1 2009 - a New Market Research Report
Live-PR.com (Pressemitteilung) - Wein, Austria
Qatar's infrastructure has benefitted from the emirate's oil and gas resources. It is one of the top three gas producers in the world and therefore gas windfalls have left the country with money to re-invest into infrastructure development and construction projects in general. For BMI's Q109 Qatar Infrastructure Report we are forecasting Qatar's construction industry to grow by 17.57% y-o-y...

Dubai Firm to Construct Two Luxury Hotels in Ethiopia

Dubai state firm to build two luxury hotels in Ethiopia
Gaea Times - Kolkata, West Bengal, India
ADDIS ABABA - Along with Chinese and Indians, Ethiopia could now see a rush of investment from the Gulf, with the Dubai state investment company's $100 million hospitality venture getting a green light.

Limitless LLc, the real estate developer subsidiary of Dubai World — a multi-billion dollar holding company of the Dubai government — has reached an agreement with Addis Ababa city administration to lease two big plots to construct two five star luxury hotels...

Dubai Real Estate Corp. to Tender Two Mega-projects

Exclusive: State unit plans new projects for Dubai
Construction Week Online - Dubai, United Arab Emirates
The Dubai Real Estate Corporation (Drec) will tender a number of projects next year across the city, and will tender two mega-projects when it feels the market is ready, Construction Week can reveal.....

Lebanon's CFH Approves Launch of $100 Million GFH International Real Estate in Dubai

Lebanon's CFH to launch $100 million property firm
Daily Star - Lebanon - Beirut, Lebanon
BEIRUT: Lebanon's Corporate Finance House (CFH) received approval from the Dubai International Financial Center Authority to launch GFH International Real-Estate, a $100 million real-estate firm in Dubai, to invest in European real-estate markets, specifically in London and Paris...

UAE's Deligation to Seek Investment Opportunities in Rwanda Energy Sector.

UAE investors eying opportunities in Rwanda
SteelGuru - Gurgaon, Haryana, India
Saudi Gazette reported that United Arab Emirates delegation is in the country to seek investment opportunities mainly in the energy sector.

The delegation led by Ambassador Essa Abdulla Al Basha Al Noaimi, director of African Affairs in the UAE Foreign Ministry met with Ambassador Eugene Munyakayanza permanent secretary in the Ministry of Foreign Affairs and other Minaffet officials at the latter's office to talk about investment opportunities in the country. ...

UAE's Dhabi Group and India's Essar Group Sign Investment Agreement

UAE's Dhabi Group and India's Essar enter into exclusive talks on Dhabi Group's telecom African assets
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
UAE's The Dhabi Group and India's Essar Group on Sunday signed an agreement to enter into exclusive discussions in relation to an investment by Essar Group ...

Foundation Stone Laid for Jalilah Specialised Paediatric Hospital - Dubai

$272m Dubai children's hospital underway
ArabianBusiness.com - Dubai,Umm al Qaiwain, United Arab Emirates
Construction of a new AED1bn ($272m) specialist children's hospital in Dubai is underway, the official news agency WAM reported...

Report on the GCC Power Sector

Markaz new research report on GCC Power
SteelGuru - Gurgaon, Haryana, India
... The report lays out the foundation of the GCC Power sector, in terms of structure, current project status, contribution of member states to consumption trends, etc. The report also takes stock of delays in existing projects on account of current global financial turmoil and how this will alter project models. ...

Contract Awarded for 20-Storey Future Bank Headquarters in Bahrain

Future Bank HQ piling contract signed
Trade Arabia - Manama,Bahrain
The piling work contract for the construction of 20-storey Future Bank headquarters in Seef district has been awarded to Keller Grundbau Bahrain, a leading Bahraini firm.

Future Bank's client representative Al Dahiya Construction and Real Estate managing director Ahmed Yousif Ali and Keller-Bahrain general manager Imtiaz Ahmed Syed signed the contract. ...

 

Dubai to Host 2013 World Swimming Championships

Dubai awarded 2013 world aquatics championships
Reuters - USA
ROME (Reuters) - Dubai will host the 2013 world aquatics championships, International Swimming Federation (FINA) president Mustapha Larfaoui said on Saturday. ...

Petrofac Emirates Received US$2.1 Billion Contract

Petrofac In $2.1b Abu Dhabi Gas Contract
Zawya
Petrofac, the international oil & gas services provider can confirm that its 50% owned Joint Venture, Petrofac Emirates, in partnership with GS E&C, has received a letter of award from GASCO for a contract worth approximately US$2.1 billion with a value to Petrofac Emirates of around US$1 billion.

Leighton Books $500 Million Abu Dhabi Project

Leighton looks beyond Dubai
Business Day

LEIGHTON'S Middle Eastern subsidiary has topped up its rapidly diminishing workbook with a $500 million ports project in Abu Dhabi.

 

Tunisia Unveils Financial Harbour Master Plan

Tunisia: Tunis Financial Harbour master plan unveiled
Babnet Tunisie - Tunis, Tunisia
... During the ceremony, the finalized project master plan was unveiled, heralding the start of a ... the Bahrain Stock Exchange and the Dubai Financial Market

Five New Hotels for Sofitel

Sofitel Announces Five New Hotels Across Middle East and China
PRWeb

Paris (PRWEB) June 2, 2009 -- As Sofitel prepares to open the new 438-room Sofitel Dubai Jumeirah Beach this September, the French-based company proudly announces five additional properties that will strengthen the brand's worldwide portfolio. In the United Arab Emirates, the brand is developing the Sofitel Dubai Sheikh Zayed Road and the Sofitel Abu Dhabi Capital Plaza. ...

Noor International Reveals Lebanon's Real Estate Factory

Noor International Launches Real Estate Factory

Zawya

The factory brings together global companies within a network of alliances undertaking the "ABC" of real estate projects.
Beirut- "Noor International Holding" revealed the establishment of a real estate factory for the development of high-standard real estate projects in Lebanon and the region. ...

ADNOC to Award Projects

Adnoc Plans $50 Billion Projects
Gulfnews

Abu Dhabi: The UAE's state-owned Abu Dhabi National Oil Company (Adnoc) plans to award projects worth up to $50 billion (Dh184 billion) in 2009-10, Yousuf Omair Bin Yousuf, Adnoc's chief executive officer, said on Monday.

AED 200 Million Contract for Dubai's “Seasons Community” Project

Ishraqah awards AED 200 million contract for the construction of ...
Al-Bawaba - Amman, Jordan
Ishraqah, a real estate development company, has announced that it has awarded an AED 200 million contract to Bin Shafar Contracting for the construction of the first phase of its "Seasons Community" residential project. ...

 

Aabar to Buy Abu Dhabi Plots on Raha Beach

Aabar to buy $735m Abu Dhabi plots
Trade Arabia - Manama, Bahrain
The 14 plots are in several projects including Al Raha Beach which is being developed by Aldar Properties, Rawdhat Abu Dhabi developed by Reem Developers ...

New Bellagio, MGM Grand, and Skylofts Brands at Dubai Pearl

MGM MIRAGE Hospitality and Pearl Dubai to Develop Bellagio, MGM Grand, and Skylofts Brands at Dubai Pearl
By Five Star Hotels & Resorts
Gamal Aziz, President and Chief Executive Officer of MGM MIRAGE Hospitality, said: We are honored to be part of a significant development located in the heart of new Dubai. Dubai Pearl is a product born out of ... The project's entertainment elements will help complete the vision of making the Dubai Pearl a true landmark that will deliver an unforgettable experience through its diverse components and unmatched services. Located opposite the Palm Jumeirah Island in the ...

UAE's Dana Gas Discovers New Gas in Nile Delta - Egypt

UAE's Dana Gas makes 4th Egypt gas discovery in 2009
Zawya

DUBAI, May 23 (Reuters) - United Arab Emirates-based Dana Gas said on Saturday it had made a find of 30 billion cubic feet of gas in Egypt, its fourth in the North African country this year. ...

$1B Bahrain Health Oasis Project Launched

Trowers & Hamlins advises on $1bn Bahrain Health Oasis
Zawya

Trowers & Hamlins, the international law firm, is pleased to have advised the Royal College of Surgeons in Ireland on the development and financing of a large scale specialist healthcare project in Muharraq, Bahrain. ...

Drake & Scull Dubai Won Contract from IFA Hotels & Resorts

Drake & Scull Wins 226 Million-Dirham Contract in Dubai
Bloomberg

May 19 (Bloomberg) -- Drake & Scull International PJSC, the Dubai-based construction-engineering contractor whose shares started trading in March, won a contract valued at 226 million dirhams ($61.5 million) in Dubai's Palm Jumeirah. ...

Which of DAMAC's Tenders to Look out for

8 tenders to look out for
Construction Week Online - Dubai, United Arab Emirates
This week Damac announced its plans for new projects worth US $544 million (AED2 billion), eight of which will be awarded by the end of this year. Construction Week finds out what they are and when to expect tender documents. ...

Bahrain's Nurana Project Obtains Environmental Approval

Nurana project wins approval
Gulf Daily News - Manama, Bahrain
MANAMA: Bahrain-based Manara Developments, a real estate company established by Al Salam Bank Bahrain and strategic investors from across the GCC, announced that it has obtained the environmental approvals for the development of the Nurana project in the kingdom. ...

 

 

Nurana project obtains environmental approval
AME Info (press release) - United Arab Emirates
Manara Developments, a Bahrain-based real estate development company established by Al Salam Bank Bahrain and strategic investors from across the GCC, announced that it has obtained the requisite environmental approvals for the development of the Nurana project, in the Kingdom of Bahrain. ...

Dubai World Central Opening

Dubai World Central set to open in 2010
GulfNews - Dubai, United Arab Emirates
Dubai: Dubai World Central (DWC) - the 140-square-kilometre aviation and logistics city in Jebel Ali - will open for business in June 2010, the government has reconfirmed. ...

Environmently Friendly Solutions for Airports at Dubai Show

Ninth Airport Show focuses on environment-friendly solutions
AME Info - United Arab Emirates
An array of environment-friendly solutions for airports as well as initiatives to enhance sustainability in airport operations and development will be highlighted at the 9th Airport Show held from 19 to 21 May at the Dubai Airport Expo. ...

Oger Expanding to Oman and Bahrain

Saudi builder Oger has $7.2 billion deals, eyes expansion
Reuters - USA

SWEIMEH, Jordan (Reuters) - Saudi Arabian construction company Saudi Oger said on Saturday it had $7.2 billion in building contracts under execution and planned to expand into Bahrain and Oman to diversify its revenues. ...

New Ground Breaking Architecture of Zaha Hadid

Zaha Hadid defies recession with ground-breaking architecture
Times Online - UK
If Zaha Hadid is worried about world economic collapse putting the kibosh on her career, she's not showing it. She slinks into her fiercely bleached, immaculate penthouse living room all swagger and attitude. ...

Al Mazaya and Shall Consulting Signs Agreement

Al Mazaya signs agreement
GulfNews - Dubai, United Arab Emirates
Kuwait: Al Mazaya Holding has signed an agreement with Al Shall Consulting Company for consultancy services to acquire First Dubai Real Estate. ...

Abu Dhabi Comapnies Invest in Morocco Projects

Abu Dhabi Firms To Invest $2b In Morocco Projects
Zawya
ABU DHABI - Two Abu Dhabi-based companies have agreed to invest a total of almost $2 billion in Morocco, one in a 700-megawatt power plant expansion and the other in a mixed-use real estate project. ...

Studio Daniel Libeskind Wins International Master Plan Competition Award

Studio Daniel Libeskind Wins International Master Plan Competition

Earthtimes (press release) - London,UK
... SDL has won commissions for major cultural buildings and significant urban projects in Germany, Switzerland, Denmark, Dubai, the Netherlands, the United Kingdom, Ireland, Italy, Canada, the United States, Japan, Spain, Israel, Mexico, Korea, Singapore and China. ...

Master Plan for Food City in Dubai

Food City: Dubai's Self-Sufficient Ecotopia
Inhabitat - USA
This past February, the Dubai Chamber of Commerce authorized the development of a "free zone" dubbed Food City. GCLA, a green landscape architect firm, proposed a master plan for the city sector to turn it into an incredible off-the-grid, self-sufficient metropolis. ...

Damac Invites Contractors for Hyde Park Phase II

Phase two Hyde Park tenders out
Construction Week Online - Dubai, United Arab Emirates
Damac Properties has invited contractors to bid for the main construction contract to build 76 villas for the second phase of its New Cairo's project in Egypt.
Hyde Park was launched in December 2007 covering 4.7 million m2. Arabian Company won the grading works contract with work having begun on site. ...

Yas Hotel Unveiled at Abu Dhabi's Yas Island

Aldar launches The Yas Hotel
AME Info - United Arab Emirates
Aldar Properties unveiled The Yas Hotel, a five star signature hotel at the heart of the Yas Marina Circuit, at the Arabian Travel Market event held in Dubai today. ...

Haramain Railway Contract Awarded to a British Firm

SR142M Haramain Railway Contract Goes To British Firm
Zawya

DAMMAM: Foster & Partners has won an SR142 million contract to design four stations for the new high-speed Haramain railway linking the two holy cities of Makkah and Madinah with Jeddah. ...

Dong Energy, E.ON, Masdar To Build Largest Offshore Wind Farm

DONG Energy, E.ON and Masdar give green light to build world's largest offshore wind farm
Zawya

LONDON, 12^th May, 2009 - DONG Energy, E.ON and Masdar, a wholly owned subsidiary of the Mubadala Development Company (Mubadala), have today announced that they will invest €2.2bn in building the first 630MW phase of the London Array offshore wind farm in the Thames Estuary. ...

Qatar's Capital Doha Emerging as a Global Real Estate Hub

Doha is 'rising urban star': US property firm
Zawya

DUBAI, May 12, 2009 (AFP) - Qatar's capital Doha is emerging as a global real estate hub, vying with regional rival Dubai, as the Gulf state plows its gas-driven revenues into urban development, US-based property services firm Jones Lang LaSalle (JLL) said on Tuesday. ...

One Million New Homes in Saudi Arabia

Saudi Arabia Needs One Million New Homes
Zawya

One million new homes will be needed in Saudi Arabia over the next five years as the Kingdom takes the leading regional role in real estate development and investment, say the organisers of Cityscape Saudi Arabia. ...

Gulf Technical Construction Company (GTCC) Wins $109 Million Project in Abu Dhabi

DSI wins first Abu Dhabi contract
Trade Arabia - Manama, Bahrain
Gulf Technical Construction Company (GTCC), the civil contracting subsidiary of Drake & Scull International (DSI), has been awarded a Dh400 million ($109 million) project at Al Reem Island, its first contract in Abu Dhabi. ...

Emaar Properties Create 1600 New Jobs

Morning round-up: Emaar will hire 1,600 for Dubai Mall
The National
Emaar Properties is planning to hire 1,600 new employees for its hospitality and entertainment divisions. These new hires will work in the KidZania, SEGA Republic and 22-screen REEL Cinema at Dubai Mall over the next three months.

Emaar MGF Gets Loan to Complete Games village

Emaar MGF gets Rs 500-cr govt loan to complete Games village
Economic Times - Gurgaon, Haryana, India
Delhi Development Authority (DDA), a government agency which had given out the contract to Emaar MGF to build the games village, will extend the loan. ...

Nakheel's Chris O'Donnell Confirms Receiving Funds

Nakheel Confirms Receiving Funds
Zawya

Nakheel has started receiving funds from Dubai Government, confirmed its Chief Executive Officer (CEO) Chris O'Donnell in an exclusive interview with Emirates Business. However when asked if the figure stood at Dh2 billion, the chief executive said:

Abu Dhabi Contractor Targeting $544.5mn Contract in Qatar

Abu Dhabi contractor eyes $544.5mn Qatar deal, IPO
Gulf Times - Doha, Qatar
Abu Dhabi contractor National Projects & Construction is targeting a 2bn dirham ($544.5mn) contract in Qatar and is hoping to sell shares to the public within two years, its general manager said. ...

Contracts Worth Dh500 Million at Airport Show in Dubai

Dh500m contracts up for grabs at Airport Show in Dubai
GulfNews - Dubai, United Arab Emirates
Dubai: Contracts of Dh500 million will potentially go through at the Airport Show in Dubai next week from the Dh220 billion total worth of airports projects underway in and around the Middle East region.

Project owners from various airport developments will offer contracts on airport building, equipment and services. ...

Double Digit Growth for Abu Dhabi

Abu Dhabi to See Double Digit Growth in 2010, 2011
Khaleej Times - Dubai, United Arab Emirates
DUBAI - Ahmad Abu Ghaida, Acting Director General of Abu Dhabi Economic Planning said that industrial and real estate expansion pursued by the capital may help the emirate record double-digit growth in 2010 and 2011. ...

Dubai Property Ring to Start Construction on Revolving Tower

Construction on rotating tower to begin in weeks
The National - Abu Dhabi, United Arab Emirates
As other major projects across Dubai are scaled back or delayed, Dubai Property Ring says it is planning to start construction on its ambitious Dh700 million (US$190m) revolving tower, which rotates through 360 degrees, in a matter of weeks. ...

Best Western Hotels to Expand from Dubai to Saudi Arabia

Best Western Expands Into Saudi Arabia
Zawya

Best Western hotel chain, which recently began managing its first property in Dubai, said it expects Saudi Arabia to provide huge growth opportunities for its regional expansion. "

For future prospects, we are moving into Saudi Arabia. We are focusing on all the major cities," Best Western International's Asia development manager Varanyou Tipayamontri told Gulf News.

Oman's Bid for Solar Power

Oman's Solar Power Bid Attracts Intl Interest

Zawya
MUSCAT -- Oman's maiden foray into large scale renewable energy development has generated mammoth international interest. A record 50-plus firms have so far signalled their desire to participate in a competitive tender for advisory services linked to the planned establishment of a major solar power plant in the Sultanate. ...

Water Deals Signed In Saudi Arabia Worth SR9 Bn

Water Deals Worth SR9 Bn Signed In Saudi Arabia

Zawya

In a major move to boost water supplies to the Saudi capital and its surrounding areas, Saudi Arabia awarded contracts worth SR9 billion yesterday. The contracts are for implementing water projects that will ensure adequate supplies of water and power to the Central Region. ...

Bubye Conservancy Accepted Dubai World Investment

Chelsy Davy's father receives major Dubai investment in Zimbabwe game reserve stake
Telegraph.co.uk - United Kingdom
Charles Davy, along with the other owners of the Bubye Conservancy in Matabeleland South province, has accepted an investment in the 720,000-acre property by a consortium led by Dubai World, the sovereign investment company of the Arab emirate. ...

Marriott to Manage Emirates’ New Hotel Project in Dubai.

Marriott signs Dubai deal
TTG live - UK
Marriott is to manage Emirates' new hotel project in Dubai.
The management agreement for the 1,614-room JW Marriott Marquis Park Towers was signed by Marriott International president Ed Fuller and Emirates chairman Sheikh Ahmed bin Saeed Al-Maktoum at Arabian Travel Market. ...

Coral Cosmopolitan Hotel in Egypt

Coral Signs First Venture in Cairo
Zawya

Cairo's hotel landscape will soon welcome Coral Cosmopolitan Hotel - the first venture for Coral Hotels & Resorts in Egypt. This was announced at a special signing ceremony held at HMH - Hospitality Management Holdings stand at Arabian Travel Market. ...

Aldar unveils The Yas Hotel

Aldar Properties Launches The Yas Hotel

Zawya

Aldar Properties, Abu Dhabi's leading property development, management and investment company, unveiled The Yas Hotel, a five star signature hotel at the heart of the Yas Marina Circuit, at the Arabian Travel Market event held in Dubai today.

Mubadala's Involvements in Abu Dhabi

Mubadala works on capital expansion
The National - Abu Dhabi, United Arab Emirates
On Just over a year ago, Mubadala Real Estate and Hospitality emerged as a property development force in the capital with major projects on Sowwah Island and Zayed Sports City. Now the group is ready to increase its role in Abu Dhabi, according to an analysis of the company's annual report and a copy of a new bond prospectus obtained by The National. ...

Eight New Hotels in UAE

Abu Dhabi National Hotels to add 8 new hotels, more than 750 hotel rooms across UAE
Zawya

The three luxury hotels are located in some of the capital's most strategic business and tourist areas, including the 'Between the Bridges' district across from the Sheikh Zayed Grand Mosque, in Saadiyat Island and adjacent to the Abu ...

Abu Dhabi Petrochemical Company Awarded Contract to Neste Jacobs

Neste unit wins UAE chemical plant contract
Reuters
DUBAI, May 5 (Reuters) - Abu Dhabi petrochemical company Chemaweyaat has awarded the front-end engineering contract for an intergrated chemical production facility to Neste Jacobs, the state news agency WAM said on Tuesday. ...

Omniyat Properties Invitation for Octavian Project

Omniyat approaches contractors for the Octavian
CN plus - London, UK
Dubai-based developer Omniyat Properties has invited selected contractors to express interest in the main construction contract for the Octavian project at Business Bay. ...

Two New Hotels in Middle East

Ramada to open two hotels in Middle East
AME Info - United Arab Emirates
The five-star, 299-room Ramada Plaza Kuwait City is expected to open in October 2009. The hotel is being developed by Kuwait-based Gulf Real Estate Development House and will be managed by Abu Dhabi-based V. Five Continents Hospitality Group. ...

Two Towers Awarded on Al-Reem Island - Abu Dhabi

CSHK wins $234m Abu Dhabi tower deal
Trade Arabia - Manama, Bahrain

Hong Kong-based contractor CSHK has won an Dh860 million ($234.1 million) contract to build two residential towers on Reem Island in Abu Dhabi.

Construction firms are increasingly turning to Abu Dhabi to drive business in the UAE ...

ADWEA Sells Taqa Water and Power Development

ADWEA And Taqa In Water, Power Deal

Zawya

Abu Dhabi Water and Electricity Authority has agreed to sell a 54 per cent stake in Fujairah's biggest power and water development to its publicly traded investment unit, Abu Dhabi National Energy Company (Taqa), for Dh1.11 billion - roughly 10 per cent of the project's Dh10.28bn construction cost. ...

Real Estate Report on Dubai and Abu Dhabi

Q209 Dubai & Abu Dhabi Real Estate Report
Middle East Events (press release) - Dubai, United Arab Emirates
Today, Landmark Advisory released its free Q209 Dubai & Abu Dhabi Residential Real Estate Report. The independent report analyzes multi-source transaction data and other statistical trends, with a focus on master developers. ...

Damac Properties to Award AED 2B Contract in 2009

Damac Properties to grant $545m contract in 2009
Middle East North Africa Financial Network - Amman, Jordan
(MENAFN) Chairman of Damac Properties announced that the company plans to grant $545 million construction contracts of ten new projects in 2009, ...

Dubai's Damac Says To Award AED2 Bln Contracts In '09 - WAM
Zawya - United Arab Emirates
DUBAI (Zawya Dow Jones)--Dubai-based real-estate developer Damac Properties said it will award 2 billion UAE dirhams ($544.5 million) worth of contracts ...

Damac to award Dhs2bn construction deals
AME Info - United Arab Emirates
Damac Properties has said that it plans to award construction contracts worth Dhs2bn in 2009, aiming to deliver an additional 7100 units by the end of 2010. ...

Mott MacDonald Master Planer for Abu Dhabi 2030

Mott MacDonald helps launch 'The Surface Transport Master Plan 2030' for Abu Dhabi
AME Info (press release) - United Arab Emirates
The STMP 2030 will see a comprehensive public transport network of rail, tram, metro, ferry and bus systems connect Abu Dhabi Island and Abu Dhabi International Airport with the UAE's planned new capital city, with high quality services linking the whole Emirate.

Accor's Third IBIS Hotel in Dubai

Accor launches third ibis in Dubai
Hotelier Middle East - Dubai, Dubai, United Arab Emirates
The 480-room ibis Al Barsha is already a hit with visitors to Dubai as it caters to those with limited budgets, according to the hotel manager.

Located in Barsha, the hotel is the third ibis opened by Accor in the emirate and is part of the brand's overall startegy of offering hotel clusters in prime locations. ...

First Pullman Hotel in Dubai and Middle East

Pullman Hotels to launch in Dubai
GulfNews - Dubai, United Arab Emirates

Dubai: The upscale Pullman Hotels & Resorts brand is set to make its debut in Dubai in a partnership between Accor Hospitality Middle East and Majid Al Futtaim Properties, a unit of the Majid Al Futtaim Group.

The Middle East's first Pullman hotel will be located at the Mall of the Emirates, comprising 481 rooms, including 94 suites and is set to be completed by the second half of 2010.

Cedar Tree Island

Plan to build fake island makes waves in Lebanon
Jamaica Observer - Kingston, Jamaica
BEIRUT, Lebanon - Mohammed Saleh is convinced: If he builds it, Lebanese expatriates will come.
The Beirut-based developer envisions a 3.3-square-kilometre (1.27-square-mile), artificial island shaped like a cedar tree as a major attraction off Lebanon's coast. ...

Dubai Sorces Phoenix Solar Energy Development

Dubai, Phoenix to sign trade pact
Bizjournals.com - Charlotte, NC, USA

The city of Phoenix and the Persian Gulf emirate of Dubai are signing a trade, transport and solar energy pact Wednesday.

The agreement has been in the works since last year and includes promise to promote trade, develop solar energy sources in both places and to try to bring direct commercial flights between Dubai and Phoenix. ...

MGM MIRAGE and Dubai World Agree over CityCenter

MGM MIRAGE, Dubai World and CityCenter's Lenders Reach Agreement for Completion of CityCenter
PR Newswire (press release) - New York, NY, USA
LAS VEGAS and DUBAI, United Arab Emirates, April 29 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) and Dubai World through subsidiary Infinity World, 50/50 joint venture partners in the CityCenter project, today announced that the companies have reached an agreement on a revised joint venture agreement and also reached an agreement with CityCenter's lenders on a comprehensive plan to fully fund the completion of CityCenter for its scheduled opening later this year. ...

Two New 5-Star Hotels in Dubai

Dubai Plans To Launch Two Five-Star Hotels
Zawya

DUBAI // Majid al Futtaim Properties is launching two upmarket hotels attached to its Dubai shopping centres to try to attract more business travellers, the company announced yesterday.

Accor Hospitality will manage the two hotels under the Pullman brand, an entry-level, five-star chain.

The first Middle East Pullman, a 491-room hotel under construction. ...

AED 1.9Bn Projects for Delivery

Omniyat to deliver Dh1.9bn worth of projects this year
Emirates Business 24/7 - Dubai, Dubai, United Arab Emirates
Omniyat Properties has put its overseas expansion plan on hold because of the global economic crisis and is focusing on completing and delivering projects on time, a top executive has revealed. ...

5 Hotels to be Awarded in Abu Dhabi

Five Abu Dhabi hotels to award contracts
AME Info - United Arab Emirates
Five major hotel projects in Abu Dhabi will make construction awards in the coming months, reported MEED. The hotels, which will have more than 1,700 rooms in total,...

Dubai Property Investors Gets Full Refund

Full refund for cancelled developments in Dubai
Property Wire - St. Albans, England, UK
Property investors in Dubai who find that the development projects they have invested in are cancelled by the state's real estate regulators will receive a full refund, it has been revealed. ...

Dubai's Jumeirah Group to Manage China Hotels

Jumeirah chief targets expansion in China
The Standard - Hong Kong
Jumeirah Group, the Dubai-based luxury hotel and resort operator, is in the final stages of negotiations about managing hotels in Beijing, Sanya and Hangzhou, executive chairman Gerald Lawless told The Standard. ...

MAG Group to Buy Continental AG Factory

UAE's MAG says in talks to buy Continental plant
Reuters UK - UK

DUBAI, April 26 (Reuters) - United Arab Emirates-based industrial and property group MAG said on Sunday it was in "initial" talks with Continental AG to buy a factory in France but it was too early to talk about striking a deal. ...

Abu Dhabi and GCC Metro Projects

DOT primed to put metro up for tender
The National - Abu Dhabi, United Arab Emirates

A tender for Abu Dhabi's planned 340km tram system will be sent out within the next two months and a consultant selected for the 130-km metro system in the capital in August, the Department of Transport (DoT) said yesterday....

Samsung Engineering to bid for GCC metro projects
SteelGuru - Gurgaon, Haryana, India
It is reported that Korean contracting giant Samsung Engineering is preparing to bid for the upcoming metro projects across the GCC. ...

MENA Rail Projects to Boost Related Industries

Ambitious Rail Projects In MENA Region Will Boost Demand For Digital Signage By Over 500%
Middle East Events (press release) - Dubai, United Arab Emirates
The flurry of activity around rail projects in the MENA region is boosting the fortunes of related industries, including the digital signage segment, which is set to grow by over 500%, according to conservative estimates. ...

Dubai To Meet Contractual Oligations

Dubai Says It Will Meet All Contractual Obligations (Update1)
Bloomberg

April 27 (Bloomberg) -- The government of Dubai, the second largest sheikhdom in the United Arab Emirates, denied a press report that it will not settle all of its debts with construction companies. ...

Emaar Progress at Tinja - Morocco

Emaar Morocco makes strong progress in construction of Aldea residences in Tinja
Zawya - United Arab Emirates

Tangiers, Morocco; April 26, 2009: Emaar Morocco, the country subsidiary of Emaar Properties PJSC, has made strong progress on the construction of Aldea villas and townhomes in Tinja, its pioneering master-planned community in Tangiers. Foundation work on the homes is currently progressing and the first phase is scheduled for completion in 2010.

Aldar Properties Signed MOU with Abu Dhabi Investment House

Aldar Properties in JV with Abu Dhabi Investment House
SteelGuru - Gurgaon, Haryana, India
Aldar Properties confirmed that it has signed a MOU with Abu Dhabi Investment House. As per report, the MoU will pave the way for the creation of a new JV to develop fresh investment opportunities.

According to news agency WAM, it is envisioned that the new JV will initially focus on the Al Remila part of phase 2 of Al Raha Beach. ...

Markus Giebel: Deyaar to Buy Distressed Debts

Deyaar to set up series of distressed debt funds
Reuters - USA
DUBAI, April 27 (Reuters) - Dubai real estate developer Deyaar DEYR.DU will launch a series of funds of up to 1 billion dirhams ($272.3 million) to buy distressed debt, including its own, as it looks to boost returns for shareholders, its chief executive said. ...

Makah Gate Project

New Project Set to Change Skyline of Makkah
Khaleej Times - Dubai, United Arab Emirates
JEDDAH - A new real estate development project in the holy city — Makah Gate — that reflects the growing partnership between the kingdom's public and private sectors, is set to change the face and skyline of Makkah. ...

AED1.4b for Dubai Road Improvement

Mohammed Endorses AED1.4B Road Improvements
Zawya

Roads & Transport Authority - Mohammed Al Munji: HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, endorsed the designs of several road & bridge network projects comprising Phase 4 of Al Khail Road Improvement Project (Intersection of Al Khail & Umm Suqeim Roads), Al Wasl Road Improvement Project, and Trade Center Roads Improvement Project, costing 1.4 billion dirham in total.

Dh2.9bn Spent on Dubai Infrastructure

Dubai powers infrastructure

Zawya

Dubai: Multi-billion infrastructure projects in Dubai are underway in full gear despite the global economic downturn.

Three major road projects worth Dh2.9 billion were approved by His Highness Shaikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, according to the Dubai Roads and Transport Authority (RTA).

Mayadeen to Award AED 130m Projects at Shams Abu Dhabi

Mayadeen to award Dh130m contract in two months
Emirates Business 24/7 - Dubai, Dubai, United Arab Emirates
Mayadeen says it plans to award a Dh130 million contract to build two automated car parks at its Shams Abu Dhabi project during the next two months.

Nasser K Bourislee, Chief Operating Officer, Mayadeen, told Emirates Business recently that the company's initial budget of around Dh140m went up to Dh200m last year.

Masdar Free Zone Starts June 2009

Masdar Free Zone to Start Operations by June 2009
Khaleej Times

ABU DHABI - The Masdar City, a tax-free industrial free zone for clean and renewable energy business, will start operations by June 2009, an official said.

There has been a positive response from global companies associated with renewable energy,  as over 100 firms have shown interest in setting up offices and carrying out research and development in the tax-free zone. ...