Construction Archives | Gulf Business

Construction boom: UAE, Saudi Arabia expect surge in project numbers and values, says report

Divsha Bhat — Wed, 24 May 2023 08:46:11 +0000

Majority of construction decision makers in the two countries are confident about the market conditions over the next 12 months

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Saudi Aramco signs $6bn deal with Korea Eximbank

Kudakwashe Muzoriwa — Thu, 09 Mar 2023 11:39:41 +0000

The deal comes amid expectations of lucrative business opportunities in Saudi Arabia and the Middle East

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Saudi launches company to develop world’s largest downtown in Riyadh

Zainab Mansoor — Fri, 17 Feb 2023 04:09:20 +0000

The new Murabba project will feature a museum, a technology and design university, a multipurpose immersive theater, and more than 80 entertainment and culture venues

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Saudi’s PIF invests $1.3bn in four local construction companies

Zainab Mansoor — Wed, 15 Feb 2023 05:33:45 +0000

The transactions are part of the fund's strategy to enable the kingdom's strategic sectors

The post Saudi’s PIF invests $1.3bn in four local construction companies appeared first on Gulf Business.

DAMAC awards Dhs886m main works construction contract for Cavalli Tower

Neesha Salian — Tue, 07 Feb 2023 03:26:18 +0000

China State Construction Engineering Corporation will carry out main works construction of the 71-storey Cavalli Tower

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Sharjah’s Arada awards Dhs475m contract to build Vida Aljada hotel complex

Neesha Salian — Sat, 14 Jan 2023 04:00:55 +0000

The contract to build the four-building complex was awarded to a Dubai-based company with civil and industrial construction experience

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Building green: How the UAE’s construction sector is promoting sustainability

Divsha Bhat — Mon, 26 Dec 2022 03:00:49 +0000

Real estate developers have rapidly embraced the concept of net-zero buildings and accelerated their transition to eco-friendly construction

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Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island

Neesha Salian — Sat, 24 Dec 2022 17:55:57 +0000

Danah Bay will be a premium beach community with a resort-style retreat in Ras Al Khaimah

The post Dubai Investments breaks ground on Dhs1bn Danah Bay project on Al Marjan Island appeared first on Gulf Business.

UAE’s Alec Group furthers regional expansion through acquisition

Divsha Bhat — Tue, 20 Dec 2022 07:30:47 +0000

The firm has signed a share purchase agreement to acquire Target Engineering Construction Company

The post UAE’s Alec Group furthers regional expansion through acquisition appeared first on Gulf Business.

Technologies underpinning sustainability in the GCC’s construction industry

Zainab Mansoor — Fri, 09 Dec 2022 12:57:46 +0000

The UAE is committed to achieving net-zero emissions by 2050 and the construction sector is a vital part of this strategy

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