The UAE’s construction expenditure is estimated to outstrip that of both Saudi Arabia and Qatar by 2030.
Five years on from the great global race for Iraqi oil, the torn country is battling crumbling infrastructure and political tensions. Will Iraq ever reach its potential?
The Dubai-based construction firm revealed a net profit rise of 137 per cent for its first nine months of the year.
The new tower, rising 369.1 metres, will be one of Dubai’s top ten tallest buildings.
The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.
The state-funded rail network would link the desert town of Buraimi, bordering the United Arab Emirates, to six major settlements in Oman.
If the railway is completed, it could have a major impact on the Gulf economy by stimulating trade and limiting consumption of fuel for road travel.
Luxury property developer dismisses fears of another market crash.
‘The Lagoons’ will have a central business district, an entrepreneurial zone and retail units.
Britain’s Guardian newspaper reported that dozens of Nepali workers had died on Qatari building sites over the summer
Arabtec has raised the salaries of 36,000 workers across its projects nationwide.
The massive new factory, spread across 66,000 sqm, will import 50 per cent of its produce to Saudi Arabia, UAE and Qatar.
Depa’s scope of work will include architectural woodwork, flooring work, decorative tasks and interior lighting.
The project will be built in phases and can house up to 150,000 people.
The contract has been awarded for the Damac Esclusiva Luxury Serviced Apartments tower in Riyadh.
In 2012 the Labour Ministry began charging companies a fee of 2,400 riyals for each foreign worker they employed above their number of Saudi staff.
Construction of the project will use green initiatives and eco-friendly systems.
Qatar tops the list as the most expensive construction market in Middle East.
Hasan Abdullah Ismaik’s stake in the construction company is worth about $159 million based on Wednesday’s closing share price.
Construction firm Parsons will develop 300 metres of concrete wharf and new floating pontoons that will accommodate more than 280 boats.
The quarry in the Al Taween area will not be allowed to reopen until its violations are rectified, a ministry official has said.
A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.
The new facilities will include outdoor pitches and four indoor, air-conditioned pitches.
Arabtec underwent a major management shake up in February, replacing its founder and chief executive.
The contractor revealed second quarter net profit of Dhs92.4 million, up from a loss of Dhs11.6 million on the same period in 2012.
On-site work and off-site ride manufacturing has started on the upcoming IMG Worlds of Adventure theme park.
Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.
Nabil Al Kendi was appointed COO of the Arabtec’s group of construction companies, a subsidiary of Arabtec Holding.
Drake reported a net profit of Dhs52.2 million for the quarter ended June 30, compared with a profit of Dhs32 million in the corresponding quarter in 2012.
The Gulf is striving to tap its cheap energy supply to become a global aluminium heavyweight, writes Peter Shaw-Smith.