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Arabtec Wins Dhs810m Contract In Dubai

The Dubai contractor expects a series of recent contract wins to boost its 2013 earnings.

India’s L&T Wins $300m Gas Project In Saudi Arabia

L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.

Construction Begins On Dubai’s Largest Mosque

Up to 25 per cent of the construction work on the Khalifa Al Tajer Mosque has been completed.

Qatar Hires Managers For First World Cup Stadium

Regional firm KEO International has been appointed project manager and LA-based Aecom Technology Corp was named as design consultant.

Qatar Plans $5.5bn Island To House World Cup Fans

Barwa Real Estate unveiled plans for Oryx Island, which would feature luxury villas, a water park and five floating hotels using cruise ships.

Dubai Labourers Stage Rare Strike For More Pay

Two Arabtec employees said several thousand workers engaged on various projects did not report for duty on Sunday and stayed in their accommodation.

Drake & Scull Chief Says Will Not Sell Stake In Company

The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.

Nakheel Awards Dhs106m Contract For 90 Villas

The project will be within the developer’s Jumeirah Village Circle community. Work is expected to start immediately with an estimated completion date at the end of 2014.

Dubai’s Drake Q1 Net Profit Rises 47%

The contractor reported a net profit of Dhs63 million ($17.15 million) for the quarter ended March 31, compared with a profit of Dhs37.6 million in 2012.

Dubai Developers Talk Big At Property Show

Emaar’s Alabbar has suggested Dubai may build a tower taller than the Burj Khalifa.

Falconcity Of Wonders Appoints Taj Arabia Management

The Taj project, which will be constructed by the Link Global Group, will be one of the focal points in the huge FCW development.

Meydan, Sobha To Develop New Downtown Complex

The complex is to be a cornerstone of the huge Mohammed bin Rashid City, announced last year by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum.

Arabtec To Buy EFECO Unit For $45m

Emirates Falcon Electromechanical Co specializes in the electro-mechanical building services sector.

Is Dubai Earthquake Proof?

What was it like being in the Burj Khalifa during the earthquake? Our structural design expert explains.

Dubai’s Arabtec Inks Joint Venture With Samsung Engineering

The new company will focus on large energy and power-related projects in the region.

Arabtec Not Interested In Buying Drake Stake

Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.

Merkel Urges Qatar To Ensure Fair Tenders For 2022 World Cup

Infrastructure spending in Qatar will average over 10 per cent of gross domestic product ahead of the World Cup.

Arabtec Shareholders Approve Capital Raise

Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.

Abu Dhabi Firm Al Jaber CFO Resigns Amidst Debt Talks – Sources

The conglomerate is currently in the midst of a $4.5 billion debt restructuring.

Saudi Binladin Group Prices $347m Islamic Bond

Pricing came at the tight end of initial price guidance of 170-190 bps, indicating that demand for the transaction was strong.

Emaar’s Alabbar Eyes New World’s Tallest Building

Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.

Arabtec Signs Dhs500m Contract In Cairo

The Dubai-based construction company is building a twin-tower project in South Cairo.

Dubai’s Arabtec To Buy Rest Of Target Engineering

The construction firm already has 60 per cent stake in Target, an oil and gas construction business.

Saudi Binladin Group Meets Investors Ahead Of Sukuk Sale

The size and pricing of the sukuk will be decided during roadshows taking place over the next fortnight.

Qatar Finds Vast Building Plans Need More Than Money

Two years after Qatar won the right to host the World Cup, little work on many of the big projects has actually started.

Arabtec Tumbles After Massive Capital Raising Plans

The contractor also replaced its chief executive as part of a shakeup driven by investment fund Aabar, its largest shareholder.

After Big Delays, Kuwait Moves Ahead On Infrastructure

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.

London’s Shard Group To Manage Saudi’s Kingdom Tower

Mace will manage the development while the 1km tower will be built by Saudi construction firm Bin Laden Group.

FIFA is considering a request from the South American Football Confederation for hosts Qatar to play Ecuador a day earlier than previously planned

Qatar To Spend $120bn In Seven Years For 2022 World Cup

The tiny Gulf state will spend $220 billion in total as part of its National Vision 2030.

Dubai’s Nakheel In Talks To Extend $2.2bn Loan

Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.