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Damac Awards $94m Contract To Saudi Binladin Group

The contract has been awarded for the Damac Esclusiva Luxury Serviced Apartments tower in Riyadh.

Saudi Khodari Sees Labour Fee Impact Continuing

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.

Wasl Properties Announces 90 Villas For Jumeirah

Construction of the project will use green initiatives and eco-friendly systems.

Top 10 Most Expensive Construction Markets

Qatar tops the list as the most expensive construction market in Middle East.

Dubai’s Arabtec CEO Boosts Personal Stake Above 8%

Hasan Abdullah Ismaik’s stake in the construction company is worth about $159 million based on Wednesday’s closing share price.

Abu Dhabi’s ADPC Awards Dhs2.5m Delma Port Contract

Construction firm Parsons will develop 300 metres of concrete wharf and new floating pontoons that will accommodate more than 280 boats.

UAE Government Suspends Fujairah Quarry

The quarry in the Al Taween area will not be allowed to reopen until its violations are rectified, a ministry official has said.

Nakheel To Build Shopping Centre For Al Furjan Residents

A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.

Dubai To Home New Fifa Approved Football Complex

The new facilities will include outdoor pitches and four indoor, air-conditioned pitches.

Dubai’s Arabtec Hires Former Aldar Chief Executive

Arabtec underwent a major management shake up in February, replacing its founder and chief executive.

Arabtec Reports 114% H1 Profit Rise

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.

Construction Begins On Dubai’s Mega Theme Park

On-site work and off-site ride manufacturing has started on the upcoming IMG Worlds of Adventure theme park.

Dubai’s Rotating Tower Plan Given New Life

Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.

Arabtec Appoints Former Burj Khalifa Exec As COO

Nabil Al Kendi was appointed COO of the Arabtec’s group of construction companies, a subsidiary of Arabtec Holding.

Dubai Contractor Drake Q2 Profit Rises 63.1%

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.

Steely Agenda: Gulf States Aim High In Aluminium Market

The Gulf is striving to tap its cheap energy supply to become a global aluminium heavyweight, writes Peter Shaw-Smith.

China’s Sky City Not An Immediate Threat To Burj Khalifa

Sky City, China’s most ambitious development, has faced criticism over its nine-month deadline.

MENA Rail Contracts Hit $434m In Q1

The UAE rail network, which will form part of the planned Gulf-wide network, is expected to cost $10.9 billion with a 1,200 kilometre route.

Dubai Banks Sign Dhs900m Loan For Burj Al Saram Towers

The new development will consist of commercial and residential towers as well as the Sheraton Dubai Tower Hotel.

Underwater Hotels – Unique Concept, But Are They Profitable?

Tea Ros, managing director at Strategic Hotel Consulting, examines the challenges developers face in underwater construction.

New $58m Stone Wool Factory Announced In Saudi

The factory, located in Yanbu, is being developed by a joint venture of Kuwait’s Alghanim and Saint-Gobain.

Qatar Property Firms Struggle Amid Construction Boom

Despite an abundance of construction projects in Qatar, local real estate developers constitute a fraction of those benefitting from the boom.

World’s Largest Construction Firm To Invest In $1bn Dubai Hotel

China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.

Dubai’s Arabtec Extends $650m Share Offer Period

The closing date for subscriptions has been extended to July 4 from June 23.

Prince Alwaleed Eyes World Cities For Mile-High Tower

The Saudi prince is inviting Dubai’s biggest real estate developer Emaar Properties to team up with his investment firm Kingdom Holding.

Abu Dhabi’s Aldar Awards $1.1bn Contract To Arabtec

Construction of the Kazakhstan project is expected to be completed by 2017.

The Dangers Of Unsafe Lifts In Dubai

Fraudulent lift companies are risking lives in the UAE and costing the industry millions of dirhams, say industry insiders.

Dubai’s Arabtec-Led Consortium Wins $629m Jordan Project

The contract to build Saraya Aqaba was awarded to a consortium of Arabtec, Drake and Scull and Consolidated Contractors Co.

Emaar Plans JV With Dubai Holding For New Project

The new project, named Dubai Creek Harbor, will include a business district, shopping, sporting and entertainment facilities.

Saudi’s Sabic Planning $4.23bn Steel Projects

A Jubail plant would have processing capacity of 1.5 million tonnes a year and the other, in Rabigh, one million tonnes a year.