Iranian oil and gas to open first to foreign investment

Dubai: Iran’s oil and gas sector will be the first to open up to foreign investment, generating much needed cash to fund other infrastructure projects, a panel of Iranian experts said on Wednesday..... Read more »

Posted on : 12/17/2015

UAE solar projects boon for Mauritania

The UAE and Masdar have accelerated the growth of renewable energy in Mauritania, with the start of construction on seven solar photovoltaic projects which will enable Mauritania to save yearly on six million litres of diesel..... Read more »

Posted on : 12/17/2015

President's Initiatives Committee approves AED 314 million road projects

<p>In implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the follow-up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Follow-Up Committee of the Initiatives of the UAE President has approved a range of housing and service development projects for citizens in different parts of the country at a total cost of AED 314 million.</p>.... Read more »

Posted on : 12/17/2015

Schön Properties Delivers 1.6 Million sq. ft. Schön Business Park Project

<p>Schön Properties, one of the leading property developers in Dubai with a current property portfolio of AED 7 Billion, has proudly delivered its newly completed project, Schön Business Park. The company held a ceremonial ribbon cutting for the new development yesterday (December 16, 2015) and was attended by leading dignitaries and guests.</p>.... Read more »

Posted on : 12/17/2015

Saudi investments in Egypt focus on infrastructure over 3 years - business council

<p>Saudi Arabia's planned $8 billion of investments in Egypt are likely to arrive over the next three years and focus on infrastructure projects, the deputy head of the Saudi-Egyptian Business Council said on Thursday.</p>.... Read more »

Posted on : 12/17/2015

Qatar to spend $72bn on infrastructure projects

<p>Qatar government is set to spend a whopping QR261 billion ($72 billion) on infrastructure development with special focus on transport, water, electricity and sewage besides a number of road expansion projects, said a report.</p>.... Read more »

Posted on : 12/17/2015

Saudi building automation growth seen at 9.4pc

<p>Saudi Arabia’s rising infrastructure in the residential, hospitality and retail segments will play a key role in driving the kingdom’s automation and control market to grow at a CAGR of 9.4 per cent during 2015-21, a report said.</p>.... Read more »

Posted on : 12/17/2015

Jordan's King Abdullah II Inaugurates First Utility-Scale Wind Farm in the Middle East

<p>The 117 MW Tafila Wind Farm, a Masdar Joint Project, Puts Jordan on the Renewable Energy Map</p>.... Read more »

Posted on : 12/17/2015

Abu Dhabi To Build 350 MW Solar Power Park

<p>After Dubai, other jurisdictions in the United Arab Emirates are also planning to set up large-scale solar power projects with a target to increase the share of renewable energy in their energy consumption.</p>.... Read more »

Posted on : 12/17/2015

GCC food services sector to reach $24.5b in 2018

<p>The Gulf Cooperation Council (GCC) countries’ food services market is expected to have a compound annual growth rate (CAGR) of 6.8 per cent to reach $24.5 billion (Dh89.9 billion) in 2018, up from $18.8 billion in 2014, according to a statement on Thursday from investment firm Al Masah Capital .</p>.... Read more »

Posted on : 12/17/2015