DSI’s board approved the choice of the consultancy firm as strategic and financial adviser
The project is hoped to be completed before Dubai Expo 2020
Al Habtoor group held a 55 per cent stake in the Habtoor Leighton group
Depa CEO Hamish Tyrwhitt will replace acting CEO Saeed Al Mehairbi
A Qatari-Chinese JV has won the contract to build the 80,000-seater stadium
Mojil’s proposals include forming a new independent board of directors and recapitalising the company
A range of geotechnical testing has been done on the upcoming Tower at Dubai Creek Harbour
The projects have been delayed due to factors ranging from the slow issuance of visas to clients facing funding shortages
The company said it may not be able to continue operations
Construction companies have been struggling with a difficult industry environment
The projects cover maintenance of public areas and new computer systems
The deal will cover 27 floors of luxury residences
The Gate Avenue development is DIFC’s largest current project
The construction industry has been hit hard this year by state spending cuts
A small number of potential buyers from Saudi Arabia and the wider Middle East have started negotiations, sources said
Reports earlier this month suggested Lamar Investment and Real Estate was filing a SAR200m lawsuit against the company
Khaldoun Tabari will continue to serve as a non-executive board member and vice-chairman
The builder was blamed for delays to a project on Jeddah’s corniche
Binladin is said to have finished paying months of back pay to 70,000 workers
The Pakistanis are among thousands of workers owed back pay by the troubled construction firm
The lab will be used to conduct research on drones and 3D printing technology
The firm was hard hit last year as low oil prices forced the government to delay payments
The Dhs475m bridges project is currently 85 per cent complete
The total cost of the expansion work, including both land and infrastructure, is about $100n
The Saudi government has ended talks to save struggling construction firm Saudi Oger
Jose Antonio Lopez-Monis was detained by Dubai police on August 17
Officials are undertaking the engineering supervision of the buildings
An earlier report claimed the contractor had asked advisers for proposals to find strategic investors
The firm has been hit hard by an economic slowdown in the region due to low oil prices
No details have been revealed about the reason for his arrest