Company expects to complete capital reduction by end of Q3, says Allan
Construction
Dubai’s Drake & Scull shifts focus to UAE for turnaround
Company CEO says it is owed $2.18bn as of March 2017
Contracts worth $250bn still to be awarded in Saudi Arabia
Kingdom’s pipeline of projects accounts for 39% of the GCC total.
Masdar City sees ‘strong progress’ with mixed-use neighbourhood
Driverless Personal Rapid Transit network will be temporarily suspended from July 2 to accommodate ongoing construction
Dubai’s Nakheel seeks builder for Nad Al Sheba Mall
Developer releases construction tender for 1.4m sq ft shopping, dining and entertainment destination
Once-mighty Saudi construction giant ‘finished’
Sources say Saudi Oger has left thousands of workers unpaid and is now effectively closed
Oman’s Muriya hires builder for Golf Lake homes project
Developer says 90% of golf course homes already sold; project set for Q4 2018 completion
Developer reveals progress on $810m Dubai project
Dubai Investments Real Estate Company announces completion of preparation work on Mirdif Hills mixed-use development
Sharjah launches phase 1 of UAE-wide cycling, jogging tracks network
Sharjah Urban Planning Council says first phase will cover Al Majaz Waterfront; will eventually cover Ajman to Dubai
Razed Bahrain protest hub reopens with new name
Bahrain’s Pearl roundabout, hub of 2011 protests, reopens six years after being demolished and sealed off
Work starts on marina in $272m Dubai waterfront project
Dubai Properties CEO hails ‘significant milestone’ in construction of Marasi Business Bay
Drake & Scull dominates busy day of trading on DFM
Company confirms Tabari stake is purchased by Tabarak Investment
Designs revealed for Yas Island’s new 18,000 indoor venue
HOK has released designs for Yas Arena, a multipurpose 18,000 capacity venue that could host sport, entertainment and other events year-round
Dubai midday break starts from Thursday
Outdoor workers banned from working in exposed places from 12.30pm to 3pm daily
Qatar 2022
Qatar says World Cup plans continue ‘as normal’
Since the crisis erupted a week ago, questions have been asked about Qatar’s readiness and suitability to host the 2022 tournament
Dubai construction business activity hits 18-month high
Private sector companies optimistic about their growth prospects: Emirates NBD
Developer hands over homes in $40m Dubai residential tower
Shaikhani Group announces handover of 100 units as it progresses with construction on five projects