Dubai-based Binghatti Developers said that Binghatti Crystals, one of its upcoming residential projects in Dubai Silicon Oasis, is on track for completion.
Author: Paromita Dey
The Landmark Group office tower in Dubai Marina received LEED Gold Certification from the US Green Building Council in the new construction type category.
MAG LD, the development arm of MAG Group, has announced its plans to launch two new projects in Jumeirah Village Circle (JVC) MAG 612 and MAG 614.
Currently worth some $4.7bn according to Forbes, DAMAC Properties has been forging ahead with multiple projects in the past year, handing out construction contracts worth hundreds of millions of dollars. Main contracts awarded earlier this year include those for services related to five projects in Dubai: the golf community AKOYA Oxygen, DAMAC Hills, AYKON City on Sheikh Zayed Road, and the Avanti and Merano Towers in Business Bay. Among the most high profile developments, DAMAC has under construction is the Paramount Hotels and Resorts in Dubai, which is being built by Chinese contractor CSCEC and is around 90 percent complete.…
The Middle East outlier of the worlds second largest construction company, China State Construction Engineering Corporation (CSCEC) is a formidable player in the region. Few other construction firms can rival the diversity of a portfolio that stretches from large-scale infrastructure developments like Abu Dhabi International Airports Midfield Terminal Building (MTB) to the main works package for the 27-storey luxury apartments of DAMACs Paramount Tower Hotel & Residences. It also scored a major success with its expeditious and virtuoso contribution to the Dubai Water Canal. The Chinese contractor has forged a particularly strong relationship with Dubais Roads and Transport Authority (RTA)…
The origins of TAV Group subsidiary, TAV Construction, reach back 20 years ago when it was formed as joint-venture to help two leading Turkish conglomerates, Tepe Group and Akfen Holding to successfully bid on the Build-Operate-Transfer (BOT) contract for the then new Istanbul Ataturk Airport. At its head is Dr Engineer Mustafa Sani Sener who has led the company over the two proceeding decades, drawing from his past experience managing many national and international projects. Under his guidance, the company (officially branded TAV Construction in 2003) has branched out into airport construction, financing, operations and related consulting and management services…
Arabtec clinched an AED1.46bn ($400mn) contract in May to build a 300m tower for wasl Asset Management. The win took the contractors project pipeline to over 22 projects under construction in the UAE and a project backlog of approximately AED 17bn, it said at the time. Not bad for a company still in the midst of a financial restructuring. The overhaul has involved bringing in new senior management to orchestrate a turnaround in fortunes. The reorganisation combined with an upturn in the market has improved Arabtecs prospects, says Hamish Tyrwhitt, appointed as CEO of Arabtec Holding in November 2016. Tyrwhitt…
It may have lost the Parsons Brinckerhoff (the former professional services division of Balfour Beatty) part of its name but WSP remains one of the foremost engineering and design consultancies in the world. While the Middle East market has faced a challenging 12 months, WSP has a relatively low exposure to the turbulent Saudi Arabian market. While it awaits opportunities in the Kingdom relating to the Vision 2030 programme, it has maintained a high level of activity in the UAE, securing contracts and is confident that its property and buildings business can continue to be a success. The company is…