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$527m Bahrain Marina on track; achieves key safety milestone
Bahrain Marina Development Company has announced that steady progress is being made on its BD200 million ($527 million) premium project, Bahrain Marina, coming up in the capital Manama with nearly 18% of the construction work already completed. -
Luxe Developers launch most expensive residences in Ras Al Khaimah
UAE-based Luxe Developers has launched two ultra-luxury residences - The Celeste and The Stellar - within its Oceano development on Al Marjan Island. Valued at AED90 million ($24.4 million) each, these are the most expensive residences in Ras Al Khaimah. -
Dewan sets new benchmark in architectural design for Amaala project
Dewan Architects + Engineers has set a new benchmark in architectural design and construction management for its key project - Amaala Yacht Club - in Saudi Arabia, through use of advanced BIM technology. The project is due for completion next year. -
Alpago unveils signature 5-bedroom villa on Palm Jumeirah
Alpago Properties, a key developer renowned for crafting exclusive properties on the Billionaires Row of Palm Jumeirah, has announced the launch of its latest masterpiece - Kural Vista - a five-bedroom villa development with several premium amenities. -
Korean builder GS E&C lands $1.7bn Oman desal plant contract
Korean builder GS Engineering & Construction has announced that one of its key units has secured a 2.4 trillion-won ($1.7 billion) contract from Oman government to build a desalination facility in the sultanate. The entire work will be completed by 2027. -
Drake & Scull International eyes $789.4m capital hike
Dubai contractor Drake & Scull said it has closed the subscription for new capital, with proceeds exceeding AED450 million ($122 million). The company aims to raise AED2.9 billion ($789.4 million) new capital through distribution of 2.8 billion shares. -
New Plan Capital Survey for Abu Dhabi’s future development
Abu Dhabi's Department of Municipalities and Transport (DMT) has announced the launch of the Plan Capital Survey as part of its commitment to creating one of the world's most liveable, competitive, and vibrant cities. -
Acwa seals power purchase deal for largest wind farm in Central Asia
Saudi-based Acwa Power, a major utility developer, has signed a power purchase deal with the National Electric Grid of Uzbekistan for Aral 5GW Wind IPP located in the Karakalpakstan region. On completion, it will be the largest wind farm in Central Asia. -
Liebherr launches Krank-powered e-equipment platform
Liebherr, a leading construction equipment manufacturer in the world, has launched its own hosted digital platform, the Used Equipment Marketplace, in collaboration with leading UK-based enterprise grade SaaS platform Krank technology. -
Roshn in deal with Malahi to promote latest arcade experience
Roshn Group, a leading Saudi real estate developer powered by PIF, has signed an agreement with Malahi, a major player in the kingdom's entertainment sector, to further boost its venues as the destination of choice for entertainment seekers. -
Ras Al Khaimah signs deal to set up vertiports
Ras Al Khaimah has signed a key deal to develop a network of vertiports to connect key attractions across the emirate with electric air mobility by 2027. -
Arabian Drilling posts solid Q1 results; revenue up 24pc
Arabian Drilling, a major Saudi onshore and offshore drilling contractor, has delivered a strong operational performance in Q1 registering a 24% growth in its revenue which hit SAR967 million ($258 million), while its net income for the quarter rose 3%.
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