Nakheel is assessing 11 proposals, with the lowest bid at just under AED650mn, for the construction of Dragon Towers in Dubai.
Author: Paromita Dey
Embattled private equity firm, Abraaj, has sold its entire 5.4% stake in Egypt-based Orascom Construction Ltd for about $52mn.
Saudi Arabia based Aknaf Al Khaleej Company has been awarded a contract for a residential project coming up along the Makkah-Jeddah Expressway.
CBNME takes a tour of the Emaar South development, where Phase 1 of the huge project is currently under construction and on time for delivery.
Deerns Group, has been awarded a contract by the Kuwaiti government to implement a range of technical facilities in and around Kuwait International Airport.
ASGC is expanding its internal training and development initiatives to keep its growing workforce on the side of technological and engineering advancements.
DIFC Grand Mosque, located in the Gate Avenue, the new premium urban retail, leisure and cultural development in DIFC, is scheduled to open in 2019.
Construction of the third expansion at Dragon City an AED169mn showroom and car park complex has reached the 80% mark, Nakheel announced.
Oman-based Al Raid Group announced that the construction of the Al Araimi Boulevard is well underway and will be complete in time for a September opening.
Real estate developer, RSG Group of Companies, appointed Abu Dhabi-based Al Habbai Contracting as the main contractor for its project, Sabah Rotana.