Wednesday 28 June 2017

GFH exits $55m Promoseven real estate portfolio

GFH, a prominent financial group in the GCC region, said it has signed an agreement with Promoseven Holdings in Bahrain to exit part of its real estate portfolio with an approximate value of $55 million. A leading business group, Promoseven Holdings has interests in real estate, public


Dewa awards $68.5m contract for water pipeline project

Dubai Electricity and Water Authority (Dewa) has awarded a contract to supply, extend and commission 40km of water pipelines, at a total cost of Dh248 million ($68.5 million). “This supports our ambitious strategy and plans to meet the needs of the comprehensive development


Egyptian architect wins award for Trend Micro office design

Architect Dalia Sadany, the creative mind behind Trend Micro’s flagship office in Egypt, has won a prestigious A' Design Award and Competition, in the Interior Space and Exhibition Design Category.    As the world’s largest design competitio


Saudi Aramco unit buys into Irish wastewater company

Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of global oil giant Saudi Aramco has acquired a major stake in Irish wastewater treatment technology company OxyMem.   The Saudi group's funding will help OxyMem to boost investment in p


Balfour Beatty sees human-free construction site by 2050

Balfour Beatty, a major international infrastructure group, is foreseeing a human free construction site in its paper “Innovation 2050: A Digital Future for the Infrastructure Industry” published recently.   The construction site of 2050 will be in s


Flowcrete acquires top Norwegian polymer group

UK-based Flowcrete has acquired Elmico, a high-tech maker of polyurea waterproofing systems as well as epoxy and polyurethane polymer flooring systems, based in Oslo, Norway.   A specialist in the manufacture of seamless industrial and commercial resin floor, wa


Dutch firm launches property project on blockchain

Amsterdam-based Primalbase, a top real estate company, has launched the first ever shared coworking spaces for the tech community leveraging Waves’ technology with a token that gives lifelong access to office facilities. Using Blockchain’s features, these tokens can a


Saudi Arabia approves new designs for 100,000 homes

Engineering designs for 100,000 housing units that will cater to Saudi Arabia's middle-income earners have been approved the Saudi Ministry of Housing, said a report. The projects, designed by Egyptian property developer Al-Ahly for Real Estate Development, will be located in


Aston Martin Residences open for pre-sale

Buyers interested in the unique waterfront real estate project by Aston Martin and property developer G and G Business Developments can visit the new sales centre for a first-hand experience of the British luxury brand. A striking 66-floor luxury residential tower, the Aston Mart


Work on key sewerage in Bahrain on track

Bahrain’s Ministry of Works, Municipalities Affairs & Urban Planning has announced that the Ministry has achieved 46 per cent progress on the sewerage network in A’Ali, Block 748. According to Nazha Abu Hindi, director of the Sanitary Engineering Planning & Pr

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