Gulf Construction Online

$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.
Tadweer to build Abu Dhabi's first greenfield material recovery facility

Tadweer Group, a leader in sustainable waste management practices, has announced the closed bidding for the planned development of Abu Dhabi’s first greenfield material recovery facility with an expected capacity of 1.3 million metric tonnes per year.
Emaar's Q1 net profit up 15pc; revenue soars to $1.8bn

Dubai master-developer Emaar Properties has recorded solid results for the first quarter with revenues of AED6.7 billion ($1.8 billion) and net profit before tax of AED4.3 billion ($1.2 billion), which grew by 16% compared to the same period last year.
Gulf Land Property to set upcale residential community in Dubai

Gulf Land Property Developers has partnered with luxury lifestyle brand Tonino Lamborghini to develop an upscale residential community in Dubai. The community, spanning a 750,000 sq ft GFA, features two buildings with 6 floors and two with 12 floors.
RMJM completes work on Masdar City innovation hub

Leading architectural network RMJM has announced the completion of work on the Innovation Hub located within Abu Dhabi's Masdar City. The building, which offers 4,000 sq m office space across three floors, has LEED Gold as well as 3 Pearl Design ratings.
Schneider Electric names Gulf VP for Buildings

Schneider Electric has appointed Yasser Ahmed as the VP (Buildings) for the Gulf Cluster. A veteran with over 15 years of experience, Ahmed will lead the group's transformation with building end-users in real estate, hospitality and smart communities.
UAE construction sector riding high on $590bn pipeline: JLL

Despite global challenges such as inflation and geopolitical tensions, the pipeline value of unawarded construction projects in Mena region is set to hit $3.9 trillion with UAE holding a 15% share worth $590 billion, according to industry expert JLL.
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.