Regional News

BAHRAIN'S latest luxury waterfront address – Nurana, spread over two million sq m – is a step closer to reality with the completion of the site’s masterplan design.






INVESTORS have been invited to take part in the construction of a massive exhibition city in Bahrain by the kingdom’s Industry and Commerce Minister, Dr Hassan Fakhro.






BAHRAIN-BASED Manara Developments has appointed Great Lakes Dredge & Dock Company to carry out reclamation works on the Wahat Al Muharraq project in the kingdom under a contract worth $4 million.The contract involves hydraulic reclamation of the 170,000-sq-m project being developed in Muharraq.






Energy City to open in 2010QATAR’s Energy City, a $2.6 billion property development which is designed to be the region’s first oil and gas industry hub, expects tenants to start moving in by 2010, the company's chief executive officer Hesham Al Emadi said.






JEDDAH Economic Company, part of Kingdom Holding Company, and Emaar Properties of Dubai have signed a deal under which the latter will offer management services for the Kingdom City project, which also includes the planned Kingdom Tower, the highest in the world.






JOTUN Paints, a leading producer and suppliers of paints and coatings, says it is targeting a 15 per cent growth in Bahrain for the year, in line with its aims to address the rising demand for eco-friendly paint products in the $25-million local market.






SIGMA Paints, a pioneer in cutting-edge paint solutions, continues to foster partnerships with leading companies in the region and boost its portfolio of loyal clients through innovation, advanced technologies and a focus on customer care.






THE Middle East construction market could stage a recovery in 2010, but the industry focus has shifted away from Dubai, according to a new survey published last month.






DUBAI'S Arabtec Holding has won a SR2-billion contract ($533.3 million) to build the Lamar Towers, a strategic high-rise luxury project in Jeddah, Saudi Arabia.The project consists of two towers – one rising 68 floors high and the other 60 floors – and incorporates residential and commercial units as well as a shopping mall.






AL ARRAYED Transport of Bahrain, with over 30 years of experience in the transport arena, is not resting on its laurels and continues to expand. The company has now unveiled plans to start its own trailer and spare parts production next year.






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