Emaar Middle East has unveiled the first phase of its SR6 billion ($1.6 billion) Jeddah Gate, a mixed-use master-planned community spanning over 500,000 sq m in Jeddah’s new downtown area. The development will feature residential units, commercial towers and a range of cultural, retail and leisure outlets.
Abraj Al Lulu ahead of schedulePearl Development and Real Estate Company said the construction work at the landmark BD95 million ($252.1 million) Abraj Al Lulu project in Bahrain, is progressing ahead of schedule with the completion of more than 50 per cent of the finishing work.
Saudi-based Rashed A Al Rashed and Sons is currently seeking turnkey bids from international contractors for the construction of its 24-storey tower project in Al Khobar.
Jotun Paints, a leading producer and supplier of paints and powder coatings, says it has recorded a 12 per cent increase in sales of its paints and coatings in Saudi Arabia for the first half of this year, compared to the corresponding period last year.
The reclamation process for the marina at The Wave in Oman has begun and dredging is being carried out in full swing, it was revealed at a recent roadshow for the project in Dubai.
Durrat Al Bahrain, Bahrain’s largest planned luxury mixed-use residential, commercial and resort development, has made major progress and is well on its way to a rapid completion.
Sigma Paints Middle East held a series of 21 technical seminars last month throughout the kingdom targeted at architects and applicators. The programme, which forms part of its ongoing strategy for technical education and product awareness, targets and exceeds a total audience of over 2,000 every year.
Bahrain has signed a $108.9 million contract with South Korea’s Sungwon Corporation to construct a massive flyover aimed at easing the traffic bottleneck at the kingdom’s busy Isa Town Gate Intersection.
Sabban Property Investments (SPI) has completed construction of the superstructure on the QR1 billion ($275 million) Sabban Towers project, currently under construction on The Pearl-Qatar. The project is scheduled for completion in the second quarter of 2008.
LG Electronics and its Saudi dealer HG Ibrahim Shaker Company are planning to take a 13-year-old partnership to greater heights with the opening of a new factory in Saudi Arabia next year.
Qatar’s plans to set up one of the largest aluminium plants in the world got a step closer to reality last month with the laying of the foundation stone for the multibillion-dollar QP-Hydro joint venture at Mesaieed.
The Meinhardt Group, a leading Australian engineering consultancy, has unveiled plans for major expansion throughout the Middle East and North Africa (Mena) region. The $20 million investment plan will involve setting up five new office locations in Saudi Arabia, Oman, Libya, Bahrain and Egypt, increasing employee strength to 4,500 by 2010.
