Damac's New AED 2 Billion Deal for 10-Towers

Damac to sign Dh2b deals for 10-tower development
GulfNews - Dubai, United Arab Emirates
Dubai: Damac Properties, the largest private sector developer in the UAE, is expected to sign contracts worth Dh2 billion this year for the construction of 10 new towers as it benefits from the current low construction costs and overheads, a top official said. ...

SK Engineering Wins $805 Million Order from UAE

S. Korea's SK Engineering wins $805 mln UAE order
Reuters - USA
ABU DHABI, March 17 (Reuters) - South Korea's SK Engineering & Construction Co, an unlisted unit of SK Group, has won an $805 million deal to install gas compressor units at an oilfield in Abu Dhabi, the state news agency WAM said on Tuesday. ...

Dubai Construction to Continue Robustly in 2009

Construction industry in Dubai 'still way ahead'
GulfNews - Dubai, United Arab Emirates
Dubai: Construction activity is likely to continue just as robustly in 2009 as before, due to lower construction costs and the need to continue with ongoing projects, industry experts said.

While many have been quick to jump on Dubai's slowdown, Greg Christofides, executive director at Arabtec said it needs to be put in perspective. ...

ABB Wins Kuwait's $400M Substation

ABB Wins $400M Kuwait Power Order
Zawya

ZURICH, Mar 17, 2009 (AFP) - Swedish-Swiss engineering giant ABB on Tuesday said it had won an order worth 400 million dollars (308 million euros) from Kuwait's Ministry of Electricity and Water to build three new substations. ...

Dubai's Best Investment was Cirque Du Soleil

Cirque du Soleil Says Dubai Investors Will Hold Stake
Bloomberg - USA
Dubai's Istithmar World and Nakheel PJSC will keep their stake in Cirque du Soleil Inc., said Daniel Lamarre, chief executive officer of the circus, amid reports that the funds are considering asset sales.

"They are going through a difficult period, that's no secret," Lamarre told reporters today after a speech to the Montreal Board of Trade. "But investing in the Cirque is the best investment they ever made." ...

First Phase of Saudi Industrial Valley Handed Over

Emaar EC hands over phase 1 land
Zawya - United Arab Emirates
Tadawul-listed Emaar, The Economic City (Emaar, EC) yesterday announced the handover of 1.5 million square metres of industrial land to investors within the first phase of Industrial Valley, one of the components within the King Abdullah Economic City project, a company executive said. ...