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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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Tuesday, January 6, 2009

City Seasons Hotel Launched by Bin Ham Group

Bin Ham Group launches new four-star property
AME Info - United Arab Emirates
Bin Ham group, owners of City Seasons Group of luxury hotels and hotel apartments in the UAE, has launched City Seasons Hotel, Dubai with a fresh approach to extending affordable luxury for business travelers, families and holiday makers. ...

Riyadh Cables and Metals Gets QR 1.296bn Contract

DOHA: Qatar general Electricity and Water Corporation (Kahramaa) yesterday awarded a three year call off contract worth QR 1.296bn to Riyadh Cables and Metals for the supply of high voltage power cable supply, the single largest Kahramaa's order for cables so far. Under call off contracts, the supplying company stores materials at its warehouse to be directly delivered to Kahramaa's contractors within two days of the supply order. ...

Warehouse Shortage in Dubai

The shortage of warehouses continues to plague Dubai despite the liquidity crunch, Emirates Business has learnt. And this shortage, expected to last for another three to four years, will further push prices up.

Five New Oil Fields Discoveries In Saudi Arabia

Five New Oil Fields Found In Saudi Arabia
Zawya
JEDDAH: Saudi Aramco has discovered five new oil fields and three gas fields in the Eastern Province, Petroleum and Mineral Resources Minister Ali Al-Naimi announced yesterday. Four of the five oil fields were found in the mainland while the fifth was in a waterlogged region of the province. ...

Construction Starts on World's Longest Causeway Linking Qatar and Bahrain

Manama, Bahrain: Shaikh Mohammad Bin Essa Al Khalifa, Chief Executive of Bahrain's Economic Development Board, hailed the start of construction of the "Friendship Causeway", which will link Bahrain and Qatar, as a boost for Bahrain's role as an ideal access point for international companies to develop their business in Gulf economies. ...

Four Million Jobs Will be Created in Yemen and Djibouti

Development and construction group Al Noor Holding Investment has announced plans to build two cities in Yemen and Djibouti.
Al Noor Cities - meaning the cities of light - will be located on opposite sides of the Red Sea and will be linked by a bridge and rail network. The bridge across the Bab Al Mandeb Strait will connect Asia and Africa. Dubai-based Al Noor, owned by Sheikh Tarek Mohammed bin Laden, plans to raise an initial investment of $200 billion (Dh736bn) and the total investment in the project will reach $1 trillion. The project will create four million jobs and take up to 20 years to complete. ...

Multi-million ‘Sunset’ Mixed-use Development Project Launched in Dubai

Dubai Investment Properties launches luxury 'Sunset' mixed development project
Al-Bawaba - Amman, Jordan
Dubai Investment Properties (DIP), one of the leading real estate developers in UAE, today announced the launch of its exclusive multi-million 'Sunset' mixed-use development project in Dubai. The signature 'Sunset' development will include a high-end luxury shopping mall, boutique offices and lavish residential apartments in the heart of Dubai, along beach road in the upscale Jumeira 3 neighbourhood and stretching out into the waters of the Arabian Gulf. ...

UAE to Participate in POWER-GEN Middle East - Bahrain 17-19 February 2009

UAE to participate in POWER-GEN Middle East
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
WAM Abu Dhabi, 4th Jan. 2009 (WAM) -- The UAE will take part in the POWER-GEN Middle East which will take place in Bahrain from February 17-19.
Following a hugely successful event in 2008, POWER-GEN Middle East will see a welcome return to the hospitality of the Kingdom of Bahrain for the region's premier conference and exhibition for the power generation, transmission '&' distribution and water industries, organisers PennWell Corporation said. ...