Bahrain has announced plans to build a total of 1,382 flats on Island 12 of the Salman City as part of a major residential development project worth BD123 million ($324 million). The project is likely to be completed by the second quarter of 2023.
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) is considering buying Dubai-listed interior design and speciality contractor Depa to fit-out hotels under construction in the kingdom, said a report.
GE Gas Power has signed an agreement to build, own and operate a power plant equipped with mobile TM2500 aeroderivative gas turbines for the Centralized Utilities Company (Marafiq) in Oman.
Qatar is adding 105 new hotels and hotel apartments to its already extensive portfolio of properties, as the country gears up to host the Fifa World Cup Qatar 2022. The new properties will broaden Qatar’s appeal to a range of travellers and enhance the visitor experience.
Omani authorities have launched an international competitive tender for the development and management of a world-class container terminal planned at Port of Duqm, said a report.
Bahrain’s Ministry of Industry, Commerce and Tourism has announced that work is in full swing on the new Bahrain International Exhibition and Convention Centre (BIECC) project coming up on a 309,000-sq-m area in Sakhir.
Bahrain’s property market continues to gain momentum, as numerous sectors in the market across the kingdom are benefiting from new-found demand and the start of an economic recovery. The biggest beneficiaries of this demand are the projects that have larger yet affordable homes, according to the latest report from Property Finder Bahrain.
Boursa Kuwait has embarked on a plan that entails the revamp of the building’s facilities and utilities while ensuring that the renovation is in line with its corporate sustainability (CS) strategy.
Oman is planning to set up a light metro network linking the cities of Ruwi and Muttrah to the airport and Seeb, said a report.
Euro Auctions, Europe’s leading auctioneers of industrial plant, construction and agricultural machinery, has expanded in the UAE and Middle East with the appointment of Milad Akhitar as a new Territory Manager for the UAE.
Global air conditioners market is poised for solid growth over the next five years with its value set to hit $138.03 billion by 2026 registering a CAGR (compound annual growth rate) of 4.42 per cent, according to TechSci Research report.
Diyar Al Muharraq access road Diyar Al Muharraq, one of the largest real estate development companies in Bahrain, has announced that construction work has started on the Al Oyoun Plaza Access Road, located west of its key residential development Deerat Al Oyoun.
