Home Industry Construction


Abu Dhabi’s TAQA Seals $1.4bn Financing For Morocco Plant

The financing for the Jorf Lasfar plant is the largest in over a decade for an international project in Morocco.

Oman Plans To Build $1.5bn Medical Complex

The government-funded project will cover five million square metres and will be built in the Batnah region.

Dubai Developer Nakheel Year Profit Up 57%

Nakheel made a Dhs2.02 billion ($550 million) profit last year, on revenue up 91 per cent to 7.8 billion.

Saudi’s Mohammad Al Mojil To Sue For Over $100m

The construction firm plans legal action against the Saudi unit of Britain’s Petrofac, Saudi Binladin Group and SK Engineering and Construction.

Exclusive: CEO Of Abu Dhabi Ports Talks Phase One

Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.

Bahrain’s Marina Project Hit By New Delays

The $66 million development is held up again by land issues.

Drake & Scull Wins New $720m Saudi Contract

The contract is to build the third phase of the Jabal Omar development in Mecca.

Atkins Wins Muscat Sports Academy Contract

A 3,000-seat outdoor tennis stadium will be a focal point, featuring a roof that illuminates at night

Cigarette Caused Tamweel Tower Dubai Fire

A police report says a cigarette was to blame for causing the fire in Jumeriah Lakes Towers.

Saudi’s Maaden Signs $260m Deals With US Firms

The contracts will develop an industrial city in the north of KSA as it looks to develop its mining industry.

VIDEO: Dubai Fire At JLT’s Tamweel Tower – The Day After

The building’s owner issues statement of support for residents as blame circulates around building’s materials.

Construction Boom In Egypt Drives Chemicals Demand

The country’s growing population and rising middle class is fueling residential and commercial construction, says Frost and Sullivan.

Exclusive: GCC Construction Market Down Says Drake & Scull’s Tabari

Lack of capital funding and collection of payments continue to plague the construction industry says UAE construction tycoon.

Saudi Labour Costs Highest In GCC

Construction labour costs in the Kingdom are 51 per cent higher than in Qatar, says new report.

Saudi Aramco Chooses Builders Of Jizan Refinery

The Saudi oil producer has awarded contracts to companies from across Europe and Asia – the project is said to be worth billions of dollars.

Qatar 2022 – Will They Make It On Time?

Senior spokespeople confirm that Qatar will meet its construction deadline for the World Cup.

Dubai’s Ruler Approves Canal Expansion

His Highness Sheikh Mohammed bin Rashid Al Maktoum has given the green light on the $411 million Business Bay project.

Habtoor Group Re-Jigs Management

The changes are in preparation for the UAE firm’s proposed IPO in 2013.

Saudi’s Mojil Group Eyes Disbandment As Losses Build

The Mohammed al-Mojil Group say its losses exceed three-quarters of its capital and its liabilities exceed its assets.

Drake & Scull Wins Iraqi Pipeline Contract

The UAE-based contracting services company shares deal to construct pipelines in southeast Iraq with Italy’s SICIM.

Egypt’s OCI Income Falls 28%

Orascom Construction Industries, Egypt’s biggest listed company, feels weight of new plants in Algeria and the US.

Qatar Has Highest Construction Costs In ME

The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.

Drake & Scull Q2 Net Profit Drops 42%

The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.

Emaar Announces New Mosque In Dubai

The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.

Dubai’s Arabtec Posts $3.1m Q2 Loss

Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.

GCC To Award $65.5bn Construction Deals In 2012

The UAE accounts for the largest share of the region’s construction market, according to new research.