Friday 20 October 2017

Saudi fund launches real estate refinance company

Saudi Arabia's Public Investment Fund (PIF) has launched a new real estate refinance company, in line with its Vision 2030 objectives of improving the performance of the real estate market, increasing its contribution to the GDP, and raising the rate of homeownership among its citizens to 5


Jabal Omar inks deal for new Four Seasons hotel in Makkah

Jabal Omar Development Company (JODC), one of the Middle East’s leading developers, has signed an agreement with hospitality chain Four Seasons Hotels for a new property in Makkah, Saudi Arabia. Part of the Jabal Omar integrated real estate development, the Four Seasons Hot


Matic achieves key cleaning services milestone

Matic, a leading marketplace for cleaning services in the GCC region, has announced that it has successfully completed two million hours of domestic part-time cleaning through bookings on its platform. The platform, which matches individuals seeking professional cleaning services


Rowan-Aramco JV kicks off drilling ops

US-based Rowan Companies, a global provider of contract drilling services, has announced that ARO Drilling, a 50/50 joint venture with the Saudi Arabian Oil Company (Saudi Aramco), has commenced operations. Tom Burke, president and chief executive officer, said: "We are extr


Qatar opens new E Ring Road underpass

Qatar's Public Works Authority (Ashghal) has opened a new 700-m-long underpass on the Mesaimeer Interchange in Doha thus providing residents in the Umm Al Seneem, Mesaimeer and Industrial Areas with a free-flowing link between Industrial Area Road and the E Ring Road for the first time.


Saudi Aramco unveils new water conservation strategy

State-run oil giant Saudi Aramco is showcasing its water preservation and conservation solutions and initiatives at the ongoing Water Arabia Conference and Exhibition in Al Khobar, Saudi Arabia. As the diamond sponsor, it will be playing a key role at the expo being held under th


UL to set up smart grid testing facility in Saudi Arabia

Global safety science company UL said it has joined hands with Saudi-based GCC Electrical Testing Laboratory (GCC Labs) to develop a state-of-the-art  renewables and smart grid testing facility at its custom-built facility in Dammam, Saudi Arabia. It will be a first-of-its-k


Petrofac wins Iraq project management contract

Petrofac, a leading international service provider to the oil and gas processing and production industry, has been awarded a $30-million contract to undertake project management consultancy (PMC) services for the Halfaya Contract Area in southern Iraq. The contract award was anno


UK student property sector woos Gulf investors

Select Property Group, a premium British property developer, retailer and operator, is offering GCC investors the last chance to invest in its award-winning purpose-built student accommodation (PBSA) portfolio, Vita Student. A revolutionary brand concept, Vita Student was launche


Dubai 'racing against time to finish $33bn Expo 2020 projects'

The combined value of the Expo 2020-related development projects has touched $33 billion as the UAE begins the three-year countdown for the six-month-long mega global event that will kick-off on October 20, 2020, said a report. These projects include transport infrastructure, suc

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