The Dhs1.57bn Deira Night Souk project is slated to open before the end of 2018
The Saudi building sector was hit hard last year as the government delayed paying contractors for their work
Revenues shrank to Dhs3.24bn last year
Shares of Arabtec plummeted almost 10 per cent at the open after the results were disclosed
Moelis will reportedly studying options for the company’s capital structure
Madinat Al Arab, launched in 2005, was put on hold after the property crash
This year’s contracts will include construction of car parking, three districts and public areas
The total value of the firm’s backlog of uncompleted work stood at SAR2.85bn as of end-2016
The total value of project awards for 2017 is forecast at $27bn, which could rise to $32bn
Contractors in Saudi Arabia have had to deal with delays to projects and late payment
The development includes 2,924 apartments and townhouses spread across four clusters
A Dhs76m project will be undertaken to maintain and restore internal roads and bridges in Abu Dhabi
Workers from the construction company protested last year after their salaries were delayed
David Clifton explains how the region’s construction market can recover from a difficult 2016
The helmets are claimed to reduce body temperature by up to 10C
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