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Dubai-based construction company Arabtec appoints new group CEO

Wail Farsakh takes over the new role from Peter Pollard

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum

Dubai suspends all residential and commercial property evictions

Imprisonment judgements on all rental-related cases have also been suspended

How the infrastructure assets business is countering the downturn

The volume of infrastructure deals has increased to $73bn so far this year, more than the $68bn of transactions announced during the first quarter in 2019

Saudi’s AlUla South project to begin issuing applications for building permits next week

The kingdom has announced plans to establish AlUla as the world’s largest living museum

Abu Dhabi builder holds talks to revamp $545m in debt

Al Fara’a is active in the oil and gas, steel, interiors and concrete verticals, and has worked on several mega-projects across the Middle East

World’s tallest observation wheel, Ain Dubai, will open this year

Located at Meraas’ Dhs8bn Bluewaters Island, Ain Dubai is over 250 metres tall

Former CEO of Dubai contractor Drake and Scull arrested in Jordan

Khaldoun Al Tabari faces criminal charges in the UAE filed by DSI

Saudi Arabia’s cement industry on a growth trajectory

Cement production in the kingdom has been rising in the past three months

Dubai’s Drake and Scull says previous management ‘hid losses’ from shareholders

DSI said it has already filed 15 criminal complaints against the previous management

Video: Dubai Municipality unveils world’s largest 3D printed two-story structure

Spread across a total area of ​​640 square metres, the project in Warsan has been created with locally sourced materials

Dubai’s Arabtec Construction CEO resigns

Arabtec has seen several management changes this year

Abu Dhabi Ports starts work on waterfront project Marsa Mina

Marsa Mina will feature a mix of food trucks and retail concepts, family entertainment, playgrounds and open seating areas

Dubai’s DEWA awards Dhs981m construction contract for new headquarters

Al Shera’a will be the “tallest, largest, and smartest” government zero energy building in the world, according to DEWA

New $1.1bn terminal at Bahrain Airport to open in March 2020 – crown prince

10,000 to 14,000 volunteers are also needed for testing

Pics: Abu Dhabi’s new Yas Bay Arena, with 18,000 capacity, to open in 2020

Work is progressing on the overall Dhs12bn Yas Bay development

Saudi eyes $2.7bn in contracts for Red Sea project

The Red Sea project, which was first announced in 2017, covers 28,000 square kilometers

Iraq joining China’s Belt and Road initiative

PM announces Iraq will be a party to Belt and Road projects during a meeting with Chinese president Xi Jinping

‘I’m a scapegoat,’ says former CEO of Dubai contractor Drake and Scull

Khaldoun Tabari said the Dubai-based contractor has filed 15 complaints against him to the public prosecutor last year

Dubai contractor Arabtec mulls merger with Abu Dhabi’s Trojan

The two companies have “commenced a review of the possibility of combining their construction businesses”

Saudi awards contracts for megacity Neom’s worker housing

Tamimi Group and Saudi Arabian Trading & Construction Co. won contracts to finance, build and operate three residential areas

Construction contract worth $24m awarded for Oman’s mega Khazaen project

Construction work is expected to begin in October this year

Dubai’s Arabtec wins two contracts worth Dhs408m from Emaar Misr for Cairo project

Arabtec will begin work immediately on the two projects, located with the Uptown Cairo development

Explainer: Understanding Saudi Arabia’s new decennial liability law

Gulf Business speaks to Sarran Abu Saq, regional VP – Business Development at ACE Insurance and Reinsurance Brokers, Saudi Arabia

UAE construction sector to grow 6-10% in 2020 – KPMG survey

Comes ahead of Expo 2020

Abu Dhabi developer Imkan appoints main contractor for Pixel project

Completion of the project, which will feature seven towers, has been pushed back from Q4 2020 to Q4 2021

Saudi Binladin group seeks adviser for jumbo debt restructuring – sources

The move is the latest in state efforts to restructure the construction giant

Pics: Masterplan approved for first phase of Oman’s mega economic city Khazaen

The 52 million sqm city is Oman’s largest public-private partnership project

RTA to complete road links to Dubai Hills Mall by next year

The project includes the construction of 12 bridges spanning 3,700 metres

Abu Dhabi government awards contracts worth Dhs5bn to Aldar

The contracts include projects on Saadiyat Island, Yas Island and Al Falah

Dubai contractor Arabtec appoints new acting CFO amidst management reshuffle

Adel Al Wahedi replaces Peter Pollard, who has been made the group CEO