Aldar posts loss as slow sales bite market
Wednesday, August 18, 2010
Abu Dhabi’s biggest property developer, Aldar, posted a $214.9 million loss for the first half of this year as slow property sales continued to blight the market.
|
KSA construction sector expected to grow 6.4% this year
Wednesday, August 18, 2010
Real GDP growth of Saudi Arabia's construction sector is expected to expand 6.4% this year on the back of increased government investments, following a growth rate of 1.5% and 4.7% in 2008 and 2009 respectively
|
Strabag wins $281m Abu Dhabi port contract
Wednesday, August 18, 2010
The Government of Abu Dhabi has awarded European construction group Strabag subsidiary Ed. Züblin a $281.5 million contract for the development and construction of buildings at the new Khalifa Port
|
Restarting stalled projects poses risks says firm
Tuesday, August 17, 2010
Last month, law firm Taylor Wessing in Dubai hosted a seminar entitled ‘Ghost Buildings Past, Present and Future’ highlighting the structural risks incurred when works are restarted on a stalled construction site and investigating who responsibility falls on if a building collapses
|
Four workers die after falling six stories
Tuesday, August 17, 2010
Four men plunged six storeys to their deaths last month after a maintenance cradle they were working from collapsed.
|
Bahrain developers face payment defaults
Tuesday, August 17, 2010
Bahrain's residential developers are facing significant levels of payment defaults as purchasers either cannot or refuse to make payments due to stalled construction
|
Abu Dhabi to revamp building-approval system
Tuesday, August 17, 2010
The Municipality of Abu Dhabi City has adopted a new set of procedures for taking over land plots and issuing building construction audit certificates against the approved boundaries and dimensions of the land.
|
Besix wins major joint Qatar Airport contract
Tuesday, August 17, 2010
Besix Group has won a $750 million contract in a joint venture to build the third phase of the New Doha International Airport passenger terminal complex
|
Jeddah mega-projects on track
Monday, August 16, 2010
City’s 20-year redevelopment scheme presents business opportunities for contractors
|
Revised rules for UAE FM firms
Monday, August 16, 2010
Facilities Management companies will be graded and classified according to new rules set by the Real Estate Regulatory Agency (RERA), said Imdaad CEO and president of MEFMA Jamal Lootah.
|