Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.
Infrastructure spending in Qatar will average over 10 per cent of gross domestic product ahead of the World Cup.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
The conglomerate is currently in the midst of a $4.5 billion debt restructuring.
Pricing came at the tight end of initial price guidance of 170-190 bps, indicating that demand for the transaction was strong.
Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.
The Dubai-based construction company is building a twin-tower project in South Cairo.
The construction firm already has 60 per cent stake in Target, an oil and gas construction business.
The size and pricing of the sukuk will be decided during roadshows taking place over the next fortnight.
Two years after Qatar won the right to host the World Cup, little work on many of the big projects has actually started.
The contractor also replaced its chief executive as part of a shakeup driven by investment fund Aabar, its largest shareholder.
The Gulf state is pushing ahead with a $2.6 billion plan to build a 36 km causeway connecting Shuwaikh port with the north of the country.
Mace will manage the development while the 1km tower will be built by Saudi construction firm Bin Laden Group.
The tiny Gulf state will spend $220 billion in total as part of its National Vision 2030.
Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.
Bluewaters Island development will include the world’s largest ferris wheel.
The construction firm attributed the drop to growth in its civil business and the establishment of new offices in Iraq and India.
Investors seem to have shrugged off Emaar’s 28 per cent drop in fourth-quarter profit.
Qatar Steel, a subsidiary of Industries Qatar, launched a $5.7 billion aluminium plant in December 2009.
The UK economy has given the Gulf state reasons to be concerned about the development.
The financing for the Jorf Lasfar plant is the largest in over a decade for an international project in Morocco.
The government-funded project will cover five million square metres and will be built in the Batnah region.
Nakheel made a Dhs2.02 billion ($550 million) profit last year, on revenue up 91 per cent to 7.8 billion.
The construction firm plans legal action against the Saudi unit of Britain’s Petrofac, Saudi Binladin Group and SK Engineering and Construction.
Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.
The $66 million development is held up again by land issues.
The contract is to build the third phase of the Jabal Omar development in Mecca.
A 3,000-seat outdoor tennis stadium will be a focal point, featuring a roof that illuminates at night
A police report says a cigarette was to blame for causing the fire in Jumeriah Lakes Towers.
The contracts will develop an industrial city in the north of KSA as it looks to develop its mining industry.