Home next Industry next Construction

Construction

Nakheel invests Dhs15m in new marinas at Dubai’s Palm Jumeirah

The two new marinas will accommodate a total of 44 boats and yachts up to 30 metres long

Dubai Municipality says new initiative cuts construction costs by 12%

Under the initiative, contractors can design and supervise metal structures for industrial projects without appointing consultants

Former CEO of UAE contractor Drake and Scull said to owe firm Dhs1bn

The Dubai-listed contractor has seen its share prices drop about 70 per cent this year

Dubai’s DSI appoints CFO as chief restructuring officer

The construction company has appointed PG Raut as its new CFO

Dubai’s Nakheel awards $121.6m Deira Islands bridge contract

The bridge will connect the manmade islands to the mainland

StanChart’s private equity arm mulling sale of stake in Saudi Binladin group unit

The bank bought a stake in Construction Products Holding for $75m in 2011

Dubai’s Nakheel calls for proposals for Palm 360 project

Among the project’s key features will be what is claimed to be the world’s largest sky pool

Saudi contractors still struggling with government payments delays

Contractors have endured years of financial difficulties after government payments were frozen in 2015-2016

Saudi sets up committee on Saudi Oger debt restructuring

The government is keen to ensure payments are made to thousands of Saudi Oger’s workers owed wages

Constructing in frugal times

Raheem Bani Zaman Lari explains why maximising value offerings is essential to delivering value in today’s construction industry

Dubai’s Nakheel awards $21.6m contract for St Regis Beach Club

The club is intended to open alongside a new St Regis hotel in 2019

UAE’s Al Jaber Group close to $1.6bn debt restructuring

Al Jaber’s outlook has been boosted by expected wins of new construction projects

ARADA awards infrastructure design contract for $6.5bn project Aljada

Jacobs Engineering Group will manage infrastructure delivery including roads, water, power and drainage

Abu Dhabi sees growth in completed constructions

A total of 1104 buildings were completed across the emirate in Q3 this year

Jafza’s steel and building materials trade hits $3.7bn

More than 967 companies from 87 countries operate in the free zone’s steel and building materials sector

Creditors of troubled developer Saudi Binladin receive loan payments

Saudi’s Ministry of Finance paid Binladin SAR6bn last week

Work begins on Dubai Mall’s Mohammed bin Rashid Boulevard expansion

The new area will form an active link to Mohammed bin Rashid Boulevard and the mall’s Fountain Views expansion

Abu Dhabi’s Aldar awards $203m contract for The Bridges

The project is scheduled for handover in the first quarter of 2020

Saudi’s PIF to lead $4.8bn redevelopment of Jeddah’s corniche

The development will transform the area into a residential, tourism and entertainment hub

Saudi to halt recruitment of less experienced foreign engineers from 2018

Applicants’ experience will be checked and documented to ensure compliance, according to officials

Construction work begins at Uptown Dubai district

The project was originally known as Burj2020

UAE’s ARACO wins contracts for three projects valued at $108m

ARACO will take responsibility for the architectural, MEP, structural design and other work across the projects

Nakheel assesses construction bids for RIU resort at Deira Islands

The lowest bid for constructing the 800-room resort stands at Dhs363m

Dubai contractor Drake & Scull appoints new chairman, MD

The company has also named a new vice chairman as part of an organisational restructuring

Dubai’s Deyaar could turn to banks for Dhs1bn tower, plans Montrose handover in Nov

Deyaar launched the 63-storey South Bay yesterday

Abu Dhabi developer Aldar completes Repton school on Reem Island

Construction on the school began in May 2016 and was completed in August 2017

Dubai contractor Drake & Scull confirms chairman resignation

Majid Saif Al Ghurair has also resigned from the company’s board

Dubai construction firm UNEC plans to raise Dhs1bn loan

The company is building the Dhs6.1bn Deira Mall in Dubai for Nakheel

Oman counts on Chinese billions to build mega city at Duqm

Oman aims to transform Duqm, a fishing village south of Muscat, into an industrial centre

Video: Dubai’s new tallest tower takes shape

The $1bn mixed-use building will form the centerpiece of the 6 sqkm Dubai Creek Harbour