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Abu Dhabi’s residential property market set for sustained growthDemand for residential property is on the rise in Abu Dhabi, where 38,700 new units are set to come to market by 2028, according to leading real estate advisory and property consultant, Cavendish Maxwell. Following a strong performance last year witor in the U More… |
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Emsteel to set up largest industrial solar rooftop project in UAEEmsteel Group, one of the largest publicly traded steel and building materials manufacturers in the region, has announced a strategic partnership with Yellow Door Energy, the largest sustainable energy partner for businesses in the Middle East and Africa, to develop the largest industrial sol More… |
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Alghanim secures $1bn EPC deal for Abu Dhabi utilities plantAlghanim International said it has been awarded a major engineering, procurement and construction (EPC) contract worth $1 billion for Project Volta, a new cogeneration utilities plant in Abu Dhabi. A major player in construction, engineering and infrastructure More… |
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Johnson Controls to unveil innovative products at Dubai eventJohnson Controls, a global leader in smart, safe, healthy and sustainable building solutions, is set to showcase its latest innovations at Connect|Mena - DCD Dubai 2025. Set to be held on April 15, the two-day premier event will bring together industry leaders More… |
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Turner & Townsend named cost consultant for key Saudi PIF projectsTurner & Townsend, a global professional services company, said it has been appointed as the cost consultant for the Smart Accommodation for Residential Complexes Company (sarcc), a new property developer and operator of employee housing across the Kingdom of Saudi Arabia (KSA). More… |
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Kuwait Fund inks finance deal for vital Bahrain projectBahrain has signed a key financing agreement with the Kuwait Fund for Arab Economic Development (KFAED) for the development of Shaikh Jaber Al Ahmad Al Sabah Avenue, a vital artery connecting the Southern Governorate and the Capital, serving industrial, residential and commercial areas. More… |
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Adani Group in talks with Emaar to buy India assets for $1.5bnBillionaire Gautam Adani’s group is in advanced talks with leading Dubai developer Emaar Properties to acquire its Indian assets for an enterprise value of $1.4 to $1.5 billion as part of its expansion into the property sector, reported news agency Press Trust of India citing s More… |
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Umm Al Qura surges 30pc on debut Saudi IPOSaudi-based Umm Al Qura for Development and Construction has announced that its shares surged by 30% on the group's debut on the Saudi Exchange’s Main Market which hit SAR19.5 ($5.2) per share following a $523 million initial public offering (IPO). More… |
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GE Vernova completes first Saudi-led gas turbine maintenance projectGE Vernova, an energy equipment manufacturing and services company, said it has joined forces with Saudi Electricity Company (SEC) for the successful completion of the first gas turbine outage entirely planned and executed by GE Vernova’s Saudi engineers and specialists. More… |
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Orascom-Técnicas JV lands $2.6bn Saudi power plant dealOrascom Construction has announced that its joint venture with leading Spanish contractor Técnicas Reunidas has been awarded an engineering, procurement and construction (EPC) services contract worth $2.6 billion for the Qurayyah IPP Expansion Project in Saudi Arabia. More… |
