Nomas, a Bahrain-based company, has made its foray into the real estate sector by unveiling its maiden $800 million real estate project in Bahrain. Set to come up in the Al Fateh neighbourhood, the sea-facing project will be a 35,000 sq m development featuring mixed-use and residential towers, said a spokesman for the company.
Work on Dilmunia, the $1.6 billion health island off the northeast coast of Bahrain, started last month following the award of the contract for the project's reclamation works.
Saudi Landbridge tenders by JuneSaudi Arabia’s railway organisation will award the estimated $5 billion Landbridge project to build a 1,100 km railway across the Saudi desert as early as June, according to a report.
A fleet of New Holland equipment has been working at a feverish pace on the Sheikh Khalifa Highway near Hamad Town on a fast-track roadworks contract. The construction of the carriageways and underpasses is being undertaken by the construction division of Ahmad Mansoor Al A’ali (AMA).
KEO International Consultants has bagged the MIPIM Architectural Review commendation for its masterplan for the South of Shamkha project in Abu Dhabi. The project won the coveted award under the ‘Regeneration and Master Planning’ category.
Saudi Arabia needs to spend around $60 billion over the next 20 years to meet the kingdom’s water needs, according to a top Saudi official.
Gulf Extrusions, one of the largest aluminium extrusion plants in the Gulf, has recently launched the construction of a new plant in Qatar, which will help it double production to 100,000 tonnes within the next six years.
Oman’s Majan Development Company (MDC) has announced plans to set up a healthcare city near Muscat with an estimated investment of up to $1.03 billion, according to the project’s promoter, Kuwait-based Gulf Investment House (GIH). An international consultancy agency has conducted market research for the project.
Sabban Property Investments (SPI) has recently completed the podium level finishes of its QR1.2 billion ($329.96 million) Sabban Towers project at The Pearl-Qatar. Due for completion this July, the project’s podium spans an area of over 6,500 sq m and will house all three towers that comprise the entire development.
Bahrain-Based Abahsain Fiber-glass ME (AFG) and China’s Chongqing Polycomb International (CPIC) have signed a memorandum of understanding to set up a glassfibre plant in Bahrain. Established in 1970, CPIC was the first manufacturer to produce E-glass fiber by the direct-melt process in China in 1986.
