Friday 18 August 2017

Gemini offers customised payment plan for Splendor

Gemini Property Developers, a boutique real estate developer, and SPF Reality, one of the UAE’s largest real estate brokerage and advisory service providers, today announced an industry-first customised payment plan for residential units in the Dh280-million ($76.23 million) Splendor at M


Sodic H1 revenue jumps 88pc to $66m

Egypt-based Sodic, a leading real estate development company, has posted a revenue of EGP1.17 billion ($65.9 million) for the first half of the year, reflecting a year-on-year (y-o-y) increase of 88 per cent. The strong performance was driven by timely deliveries in Eastown Resid


Duqm Refinery inks PMC contract with Amec Foster

Oman’s Duqm Refinery has officially signed the recent agreement to appoint Amec Foster Wheeler (AFW) engineering consultancy as the project management contractor (PMC) for the refinery’s engineering, procurement and construction (EPC) phase. The signing ceremony was a


InterCon signs two new hotels in Dubai Business Bay

InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has announced the signing of two new properties in Dubai: Crowne Plaza Dubai Business Bay and InterContinental Residence Suites Dubai Business Bay. Both properties are in partnership with API H


Kuwait university city work to complete in 2019

Construction work on the Sabah Al Salem University City in Al Shadadiyya, Kuwait, is on track for completion in 2019, a report said. The project, launched in 2012 as part of 'Kuwait 2035' vision, is now 85 per cent complete, said a Kuna report. The


Expansion planned for Dubai's Latifa Hospital

Latifa Hospital for Women and Children in Dubai, UAE, will start work on expansion of its facilities by the last quarter of this year, said a top health official. The facilities that will undergo expansion include the labour and delivery suite and the emergency department.


Oman studies $2bn investment in aquaculture ventures

Oman’s Ministry of Agriculture and Fisheries is considering several proposals for developing aquaculture ventures in the sultanate, which would entail investments reaching in excess of $2 billion, said a report. The projects promise to ignite the growth of a strong economic


UPC aims to push boundaries with Hudayriat project

The Abu Dhabi Urban Planning Council (UPC) is encouraging government officials, urban planners and developers to ‘push the boundaries of what is possible’ during a series of workshops on the Hudayriat Island Master Plan. The UPC held the second of five stakeholder wor


Four Seasons Sharm El Sheikh to be world's largest

Few weeks after the Egyptian Parliament ratified the country’s new investment law, Saudi billionaire Prince Alwaleed bin Talal has announced a $800-million investment to expand the Four Seasons resort of Sharm El Sheikh to make it the world's largest Four Seasons resort.


World’s first commercial floating wind farm nears completion

The fifth and final wind turbine for the Hywind Scotland commercial-scale floating offshore wind farm, a joint project between Masdar and Statoil, has arrived at its final destination at Buchan Deep, 25 km east of Peterhead in Scotland.    Earlier this summ

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