Kooheji opens Onyx Rotana Hotel in Bahrain Bay
Bahrain-based Kooheji Development has opened the Onyx Rotana Hotel in Bahrain Bay, thus marking a significant milestone for the hotel and real estate development sectors, and adding value to family tourism facilities in the kingdom, reported BNA.
More...$294m deal for South Sabah Al Ahmad City work
Kuwait’s Public Authority for Housing Welfare (PAHW) has awarded a key contract for the construction of road works and infrastructure networks for a total of 6,568 housing units across four residential suburbs within the South Sabah Al Ahmad City project. The KD90.
More...CMEC wins contract to build 1,269 Bahrain homes
Bahrain’s Ministry of Housing and Urban Planning has signed an agreement with China Machinery Engineering Corporation (CMEC) for the implementation of the third phase of the Sitra housing project in the kingdom. Under the agreement, CMEC will construct 1,269 new housing units at a total cost of BD119 million ($314 million).
More...Aamal JV secures $267m Qatar EPC power deal
Aamal Company, one of the region’s leading diversified companies, has announced that its joint venture unit – Elsewedy Cables Qatar – has secured an engineering, procurement, construction (EPC) services contract worth more than QR1 billion ($267 million) from Qatar General Electricity & Water Corporation (Kahramaa) for its key
More...Dar Global launches $100m Marriott Residences at Aida
Dar Global, the luxury international real estate developer, last month announced the launch of Marriott Residences as part of its Aida masterplan community in Muscat, Oman. Valued at $100 million, the development is anticipated to be one of the most sought-after addresses in Oman’s spectacular golfing destination.
More...GCC project awards in Q2 down amid Qatar, UAE slump
The total project awards in the GCC witnessed a major decline in Q2 plunging 19.7 per cent to $51.7 billion from last year’s figures of $64.3 billion mainly due to the unprecedented slump of project awards in Qatar coupled with steep fall in UAE contract deals, according to Kamco Invest, a regional non-banking financial powerhouse.
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August 2024 (Volume xlv Issue 8)