Jafza registers 52 Automotive, Aeronautics Companies in 2015

<p>Jebel Ali Free Zone ( Jafza ) registered 52 new companies in the automotive and aeronautics industry, bringing the total number to more than 435 companies from 60 countries. Trade volume from 2010 to 2014 also rose by almost 80 per cent.</p>.... Read more »

Posted on : 3/17/2016

South Africa turns on Saudi-built solar to cut coal reliance

<p>South Africa and Saudi Arabian ACWA Power launched a $328 million solar power plant in the Northern Cape province on Monday, as Africa's most industrialised country rushes to expand its power supply and cut its coal reliance. </p>.... Read more »

Posted on : 3/15/2016

Dubai's RTA awards $166m road contract to ease traffic in Karama

<p>Dubai’s Roads and Transport Authority (RTA) has awarded an AED611 million ($166.4m) contract for building an interchange to ease traffic congestion in the bustling locality of Karama. </p>.... Read more »

Posted on : 3/14/2016

Qatar's investment in infrastructure to reach $150bn

<p>Qatar's investment in infrastructure is anticipated to reach about $150bn over the next few years leading up to the 2022 FIFA World Cup, according to a new report.</p>.... Read more »

Posted on : 3/14/2016

Oman to start work on new healthcare complex

<p>Oman-based Al Madina Real Estate will start work on its RO72 ($186 million) integrated healthcare complex at Al Hail region of capital Muscat by the middle of 2016, said a report.</p> <p>The Al Madina International Hospital project will boast of a 225-bed tertiary-care hospital, 120-key three-star hotel apartments, 300 residential unit besides a fitness centre and a dedicated retail space, reported the Oman Observer.</p>.... Read more »

Posted on : 3/14/2016

'World's largest umbrella' under construction in Mecca, Saudi Arabia

<p>The northern courtyard of the Grand Mosque in Mecca will be home to the world’s largest folding umbrella, reports The Saudi Gazette. </p> <p>Work has begun on what will be the first of eight high-tech giant umbrellas, along with 54 smaller ones, to be installed over the next six months. </p>.... Read more »

Posted on : 3/14/2016

Saudi oil output steady in Feb after freeze deal

<p>Saudi Arabia kept its crude oil production steady in February, pumping 10.22 million barrels per day (bpd), an industry source told Reuters, after the top oil exporter struck a preliminary deal with other producers to freeze output.</p>.... Read more »

Posted on : 3/14/2016

Dubai office space seen growing 7% in 2016

<p>Dubai’s supply of office space is predicted to grow by 7 per cent, according to a new real estate research report.</p> <p>According to the Dubai Office Market Q1 2016 report compiled by Core, the UAE subsidiary of global real estate consultancy firm Savills, the city’s office market supply reached 8.4 million square metres in 2015.</p>.... Read more »

Posted on : 3/13/2016

Nakheel woos EU investors with $1bn projects

<p>UAE master developer Nakheel is set to map out investment opportunities worth Dh4 billion ($1.08 billion) across Dubai during its debut show at top European real estate event Mipim which opens on Tuesday (March 15) in France. </p> <p>UAE master developer Nakheel is making its debut in style at MIPIM, the world’s largest real estate event which opens on Tuesday (March 15) in Cannes, France. </p>.... Read more »

Posted on : 3/13/2016

Oman seeks financial consultant for power expansion

<p>Oman on Sunday floated two tenders seeking proposals from international consultants to provide financial, commercial and legal advisory services for competitive tendering to secure an economic expansion of power capacity to meet future demand in 2021 and beyond.</p>.... Read more »

Posted on : 3/13/2016