#Construction

Abu Dhabi’s ADNOC grants $324m worth of contracts to optimise onshore field operations

The contracts also include the construction of a new bypass system to backup existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals

Samana Developers’ projects worth Dhs185m sold out in Dubai

The two residential projects include 327 studios, one, two-bedroom apartments and six retail outlets

Abu Dhabi converts status of 29 industrial licences to ‘production’

Construction and glass industries account for the largest share of industrial licences in Abu Dhabi with 20.1 per cent

Arabtec

Dubai’s Arabtec to file for liquidation – reports

It recorded an H1 2020 loss of Dhs794m

Majid Al Futtaim Elan Tilal Al Ghaf

Phase III of Majid Al Futtaim’s Elan neighbourhood in Dubai sells out in 48 hours

Construction on the Elan neighbourhood began in July this year

Drake & Skull

Dubai-based contractor Drake & Scull appoints new CEO, CFO

Munir Mansour has been appointed as the new CEO, while Peter Lalor has now taken over as the CFO

Dubai Chamber headquarters extension slated to be ready by early 2021

As much as 76 per cent of the construction work has been completed on the building

Dubai

Dubai Land Department introduces AI into real estate valuation process

The valuation will be provided via DLD’s app called Dubai REST

Explainer: How can the construction sector ensure the new normal is green?

Sustainable policies and awareness will help build a better future, opines Ali Al Jassim, chairman of Emirates Green Building Council

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain awards 769 tenders worth $1.7bn in H1 2020

The construction and engineering sector accounted for the biggest share of contracts in the first six months of the year

Saudi’s Amaala strengthens alliance with Dubai-based HASCO

The startup will offer excavation, backfilling, and earthworks for Triple Bay Marina

Dubai-new

Dubai businesses return to growth in July as pandemic impact eases

Construction as well as the wholesale and retail industry are leading the upswing

Arada launches new garden community at Aljada, Sharjah

Homes in Sarab 2 will be available for sale from August 10 onwards

Arada Aljada Sharjah

Arada awards Dhs423m construction contract for phase two of Aljada development in Sharjah

The East Village contract includes the construction of 16 apartment blocks with the project set to be completed by 2021

Expo 2020 Dubai uses wellness wearables to improve workers’ safety

The wellness wearable devices, regularly used by elite athletes worldwide, have been tailored to the needs of construction workers

Abu Dhabi’s Jubail Island Investment Company awards Dhs86m contract to Gulf Contractors Company

The overall infrastructure works on Jubail Island amount to approximately Dhs600m

Dubai

Dubai’s real estate sector records transactions worth Dhs72.5bn in H1 2020

In H1 2020, 4,536 women investors completed 5,112 investments worth Dhs6.6bn

Dubai reveals additional stimulus package worth Dhs1.5bn to support businesses

The stimulus package aims to support small and medium enterprises and a number of strategic sectors

Dubai buildings

Sheikh Mohammed establishes new committee to ease issuing building permits in Dubai

The committee will list, analyse, revise and develop procedures for providing services related to the issuance of building permits

Arabtec

Dubai-based Arabtec appoints Mubadala deputy group CEO as chairman

Waleed Al Mokarrab Al Muhairi replaces Mohamed Thani Al Rumaithi who recently tendered his resignation

New mega urban development project, Masar, launched in Saudi’s Makkah

The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases

UK-based Arena Group merges UK, Europe, Middle East and Asia divisions

The company said the move will allow for “maximum utilisation of resources” across the EMEA region

Dubai construction event Big 5 postponed

The event, originally slated for November this year, will now be held in September 2021

KIZAD Truck Plaza

KIZAD to build largest truck plaza in the Middle East

The plaza, which will offer refueling and recreational facilities, will cover an area of more than 87,000 square metres

Union Properties’ subsidiary begins legal proceedings to claim Dhs1.5bn

The claim is related to a project completed around a decade ago

Saudi Binladin slashes jobs and pay to cut costs in half

The Jeddah-based construction conglomerate has reportedly put thousands of employees on indefinite, unpaid leave

How the coronavirus will help reshape the construction industry 

The post Covid-19 era will face challenges in developing and managing urbanisation, reinforcing the value of investing in sustainable and resilient infrastructure

Saudi Binladin group hires Houlihan Lokey for $15bn debt revamp

The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations

Dubai’s Danube Group says will not lay-off any staff due to Covid-19 impact

Danube said it is continuing to operate some of its construction activities

Dubai-based construction company Arabtec appoints new group CEO

Wail Farsakh takes over the new role from Peter Pollard