Monday 18 December 2017

Al Hamra, Troon in golf partnership deal

Al Hamra Group, one of the largest real estate developers in Ras Al Khaimah, UAE, has partnered with leading golf course management company Troon International to provide full management services to Al Hamra Golf Club. Headquartered in Scottsdale, Arizona, with international offi


Abu Dhabi funding of Bahrain projects hits $2.85bn

The Abu Dhabi Fund for Development (ADFD) has allocated to date a total of Dh10.5 billion ($2.85 billion) in government grants to Bahrain to 26 development projects in Bahrain. Serving key infrastructure sectors, including housing, water, healthcare, and transportation, the proje


Dubai real estate market an 'investment destination'

UAE-based Arenco Real Estate sees a stronger real estate market for Dubai in the coming years due to unlimited opportunities that are open and available to investors. Home to more than 200 nationalities, Dubai is one of the world’s most diverse places to live and work and h


Dubai prime residential prices to rise in 2018 - forecast

The prime residential market Dubai is expected to see modest growth of 1 per cent in 2018, according to leading real estate industry expert Knight Frank. In a new research note, Knight Frank pointed out that Dubai is expected to see a return to growth in 2018, after weaker perfor


Dubai set to open key bridge on Zayed Street

Dubai’s Roads and Transport Authority (RTA) will open the main bridge on Sheikh Khalifa bin Zayed Street this January, said Mattar Al Tayer, director-general and chairman of RTA.  The project is part of the Improvement of Sheikh Rashid-Sheikh Khalifa bin Zayed Streets


Key Ajman road project set for 2018 opening

The Municipality and Planning Department in Ajman has completed about 40 per cent of the work on the Dh35-million ($9.5 million) Al Salam Street project, said a report.   The storm-water system on the road is 65 per cent complete and the entire project is likely


Saudi Arabia launches new housing project in Jeddah

Saudi government has launched its ambitious Jeddah Gateway housing project on a 192,000-sq-m area located east of Haramain Expressway, said a report.   The project, being implemented by Sundus Developers, will boast 30 buildings with eight to 16 floors offering


TechnipFMC opens new plant in Abu Dhabi

TechnipFMC, a global leader in subsea, onshore/offshore, and surface projects, said it has officially opened its new 18,000-sq-m facility located in Industrial City of Abu Dhabi (ICAD) as part of its continued investment in the UAE.   The new plant, which is val


Tabreed wins Local Currency Loan Deal award

National Central Cooling Company (Tabreed) has won a top award at the Bond, Loans and Sukuk Awards Middle East held recently in Dubai, UAE. A leading Emirati district cooling utility company, Tabreed said it had emerged as a partner of choice for organizations across the GCC in p


Fugro completes testing work on Dubai tower

Fugro, a leading provider of geo-intelligence and asset integrity solutions, said it has successfully completed the deep foundation testing for one of Emaar Properties' major projects, Dubai Creek Tower. The company played a key role in the ground engineering of the Dubai Cre

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