Property Auction on 19 - May 2009

Madania Real Estate to hold property auction in May
Middle East North Africa Financial Network - Amman, Jordan
Madania Real Estate, a subsidiary of Al Tamimi Investments, will hold a property auction in May 19th, which will offer people the opportunity to buy properties at reasonable prices, Gulf News reported. Chief executive officer of Madania said that the properties to be auctioned include town houses, villas, studios and apartments, and the company may hold similar auctions on a monthly basis. ...

AmaZulu World Project to Go Ahead

Controversial project to go ahead
eProp.co.za - South Africa
The KwaZulu-Natal government is not going to give up on its R44-billion AmaZulu World project, as long as Dubai investment company Ruwaad Holdings is interested in going ahead with the North Coast development.

Earlier this month, the provincial government hit its second stumbling block in the project when its memorandum of understanding with Ruwaad expired. ...

Saudi Arabia Project Worth $192m Awarded

Local construction firm bags $192-M Saudi Arabia project
BusinessWorld Online - Quezon City, Philippines
EEI Corp., one of the country's largest construction companies, recently announced the acquisition of a new project worth $192 million under its joint venture firm Al-Rushaid Construction Co. Ltd. (ARCC) in Saudi Arabia. ...

Leighton JV Withdraw from Airport Contract

Consortium Withdraws From $1.3b Dubai Airport Project
Khaleej Times - Dubai, United Arab Emirates
DUBAI - Al Habtoor Leighton group and its joint venture partners have come to an agreement with the Dubai Department of Civil Aviation to withdraw from a $1.32 billion contract to build the Dubai Airport's Concourse 3, Leighton said on Thursday. ...

Jeddah - Makkah Monorail

SR21B Monorail To Link Jeddah Districts
Zawya
JEDDAH: A SR21-billion monorail project will soon be established along Jeddah's 12 main streets
as part of a comprehensive transport system to facilitate traffic in the city. Transport Minister Jabara Al-Seraisry yesterday presented a major plan to develop public transport in Jeddah to Makkah Gov. Prince Khaled Al-Faisal during a meeting at the governor's office. ...