Regional firm KEO International has been appointed project manager and LA-based Aecom Technology Corp was named as design consultant.
Barwa Real Estate unveiled plans for Oryx Island, which would feature luxury villas, a water park and five floating hotels using cruise ships.
Two Arabtec employees said several thousand workers engaged on various projects did not report for duty on Sunday and stayed in their accommodation.
The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.
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.
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.
Emaar’s Alabbar has suggested Dubai may build a tower taller than the Burj Khalifa.
The Taj project, which will be constructed by the Link Global Group, will be one of the focal points in the huge FCW development.
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.
Emirates Falcon Electromechanical Co specializes in the electro-mechanical building services sector.
What was it like being in the Burj Khalifa during the earthquake? Our structural design expert explains.
The new company will focus on large energy and power-related projects in the region.
Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.
Infrastructure spending in Qatar will average over 10 per cent of gross domestic product ahead of the World Cup.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
The conglomerate is currently in the midst of a $4.5 billion debt restructuring.
Pricing came at the tight end of initial price guidance of 170-190 bps, indicating that demand for the transaction was strong.
Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.
The Dubai-based construction company is building a twin-tower project in South Cairo.
The construction firm already has 60 per cent stake in Target, an oil and gas construction business.
The size and pricing of the sukuk will be decided during roadshows taking place over the next fortnight.
Two years after Qatar won the right to host the World Cup, little work on many of the big projects has actually started.
The contractor also replaced its chief executive as part of a shakeup driven by investment fund Aabar, its largest shareholder.
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.
Mace will manage the development while the 1km tower will be built by Saudi construction firm Bin Laden Group.
The tiny Gulf state will spend $220 billion in total as part of its National Vision 2030.
Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.
Bluewaters Island development will include the world’s largest ferris wheel.
The construction firm attributed the drop to growth in its civil business and the establishment of new offices in Iraq and India.
Investors seem to have shrugged off Emaar’s 28 per cent drop in fourth-quarter profit.