Friday, April 3, 2009

Qatar Ashgal Awards $485 Million Contract

The Public Works Authority (Ashghal) in Qatar has awarded a QR1.78bn contract for the construction of the Main Pump Station and Pumping Mains, a major component of the multi-billion riyal Doha North Sewage Treatment and Associated Works Project. ...

5 Towers on Sale in April 2009 at Reem Island

The National Newspaper
ABU DHABI // Tamouh Investments, an Abu Dhabi-based property company, is planning to launch sales for five towers on Reem Island at Cityscape Abu Dhabi this month, a senior executive says. ...

Nakheel Joins for 17 Luxurious Residences in Thailand

Nakheel to develop island resort in Thailand
GulfNews - Dubai, United Arab Emirates
Bangkok: Nakheel, Dubai's master developer, has joined Thailand's Amburaya Hotels & Resorts to transform Thailand's idyllic Koh Samui Island with the launch of a stunning integrated resort development comprising 17 luxurious private residences and a 75-key all-villa hotel. ...

Emaar E.C. Earned 2 Billion by March 2009

Emaar nets SR2b from the sale of residential units
GulfNews - Dubai, United Arab Emirates
Riyadh: Emaar, the Economic City (Emaar E.C.) - a subsidiary of Dubai-based Emaar Properties that is developing King Abdullah Economic City (KAEC) in Jeddah - announced that it has so far earned SR2 billion (Dh1.9 billion) from the sale of the first phase of residential units. ...

Solidere Shares Solid Despite Fall

Lebanon's Solidere confident in spite of share fall
Reuters - USA
BEIRUT, April 3 (Reuters) - Lebanon's largest company real estate developer, Solidere (SOLA.BY)(SOLB.BY), remains confident about the future of the company, in spite of recent falls in its share price, a top company official said. ...

Group of Investors Targeting Malaysia Project

Gulf property quartet invest Dh800m in Malaysia
The National - Abu Dhabi, United Arab Emirates
Abu Dhabi's Aldar Properties and Mubadala Development, together with partners Kuwait Finance House and Millennium Development International, of Lebanon, have so far invested Dh800m (US$217m) in Medini, a Dh73.4 billion urban development in Malaysia. ...