Bahrain’s first-ever Intelligent Building Middle East (IBME) has received an overwhelming response from exhibitors with the organisers reporting a sell out of more than 60 per cent of floor space.
The European launch of gulfBID, the Gulf Building and Interior Design Exhibition, scheduled for next year in Bahrain, was held at the Bahrain Embassy premises in Belgrave Square, London, last month.
Work on a $2.5 billion real estate development in Qatar continues unabated with almost 40 per cent of the land reclamation completed and on schedule for the target completion date of June 2006.
Bahrain-based Arcapita Bank has unveiled two major real estate projects in the kingdom – the Riffa Views project and a waterfront residential development valued at approximately $1.2 billion.
TCM has loaded its new FDG 3.5 to 5-tonne forklifts with a host of features that make them the most comfortable, powerful and cleanest in their class, according to Aljomaih Equipment Company, the Saudi distributor for the Japanese equipment manufacturer.
Tenders opened for Durrat bridgesManama: Bids were opened last month for the construction of 13 bridges as part of the Durrat Al Bahrain residential and resort city, being built in the south of Bahrain.The structures, estimated to cost around BD20 million ($53 million) have a combined length of 3.
Hundred and fifty-three residential towers will be constructed in Makkah at an estimated cost of SR14 billion ($3.73 billion), said Saad ibn Jameel Al Qurashi, a businessman. He said three international consultancies would present the studies and final designs of the project to the Makkah Development Authority for approval shortly.
Technip has signed a deal to build an ethylene plant in Shuaiba, Kuwait. With a production capacity of 850,000 tonnes per year, the plant will play an important role in Kuwait’s programme to increase the country’s ethylene derivatives production by 2008.
Zamil Air Conditioners (ZAC) has been awarded a SR8.2 million ($2.2 million) contract by the Ministry of Health to replace existing air-conditioning units at various hospitals and clinic locations in central Saudi Arabia.
Qatar General Electricity and Water Corporation (Kahramaa) has embarked on a four-year plan to implement major infrastructure projects in the electricity and water sector with an allocation amounting to $2 billion.
Work on the sultanate’s RO132 million ($342 million) Southern Expressway project will begin on September 15. The 54-km world-class expressway, will not only be a boon to commuters heading from the wilayats to the main city, but will also play a major role in reducing congestion in the southern corridor of Muscat.
The Al Qassim Cement Company and the Tabuk Cement Company have signed a memorandum of understanding (MoU), to carry out economic viability studies for a new cement factory in northern Saudi Arabia. The two companies would be equal share partners in the new factory – to be owned by a new company, separately.
The kingdom is to carry out a feasibility study into the construction of a multi-billion-dollar rail network linking the GCC countries, a GCC official said. “Saudi Arabia volunteered to carry out the comprehensive study,” said Mohammad Mazrooei, assistant secretary-general for economic affairs at the GCC.
A group of leading Bahraini, Saudi and UAE investors, in coordination with Pearls Real Estate Development Company, will soon launch a major freehold residential project called Abraj Al Lulu.
Bahrain-based First Leasing Bank (FLB), launched last October as the first bank in the Gulf dedicated solely to equipment leasing, reports that the concept is gaining ground in the region with the increasing awareness of its services and closing transactions.
