Projects market boom lifts business in high-growth Middle East construction markets

April 2014 in News by edster

With more than $40bn worth of new contracts awarded in the six-nation GCC alone in the first quarter, the projects markets of the Middle East are set to enjoy record-breaking year in 2014.

So far, among the high profile projects that have been awarded include the $12bn Kuwait National Petroleum Company’s Clean Fuels Project; Qatar’s Ashgal has so far awarded over $3bn worth of projects for the Expressway and LRDP schemes; Abu Dhabi’s Musanada has awarded over $1bn worth of contracts for the Mafraq-Ghuweifat Road Development project; Qrail has awarded $700mn worth of contract for the Elevated Section of the Doha Metro’s Red Line South project; and Al Reem Island in the UAE has awarded the main contract with a value of $705mn. Read the rest of this entry »

GE and Saudi Aramco launch global innovation challenge to find renewable energy solutions for seawater desalination

April 2014 in News by edster

GE ecomagination and Aramco Entrepreneurship, today launched an open global technology challenge to accelerate the development of solutions focused on improving energy efficiency of seawater desalination. The US$200,000 challenge will be awarded to four winners at a prize of US$50,000 each, and further investments towards commercialization of the best ideas amongst all submissions will be considered. Read the rest of this entry »

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Bright economic growth prospects for the UAE and Saudi Arabia

April 2014 in News by edster

According to the latest Macro report from Crédit Agricole Private Banking

  • Q1 2014 ended with bright economic growth prospects for the UAE and Saudi Arabia
  • Arab countries in the Middle East are in the mode of two-speed economies again
  • PMI data indicate moderate inflationary pressures for the UAE and Saudi Arabi Read the rest of this entry »
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Salem AlMoosa Evokes Touching Memories of a Yesteryear Era

April 2014 in News by edster

Audiences embark on a journey to Old Dubai with chairman of Falconcity of Wonders

The Falconcity of Wonders – Dubai’s premier real estate ongoing mega project that will feature the Wonders of the World, was received with great acclamation, as chairman H.E. Salem Al Moosa took to the stage along with experts from the fields of art, architecture, film, literature, history and theatre at the Global Art Forum 2014, Art Dubai’s programme of live talks, presentations and commissioned projects. The Global Art Forum took place at Mina A’Salam, Madinat Jumeirah. Read the rest of this entry »

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Dammam’s Al Nada project completes construction phase of infrastructure works

April 2014 in News by edster

Injaz reveals opening of on-site local sales centre for upcoming sales campaign

Injaz Development Company, a leading real estate development and management company, has announced the completion of the construction phase of key infrastructure works for the Al Nada project in Dammam. Read the rest of this entry »

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Electricity demand in Saudi Arabia posts eight per cent average annual growth rate

April 2014 in News by edster

Saudi Energy 2014 to showcase latest products &services in power sector

Recent industry reports have revealed that power consumption in Saudi Arabia continues to grow at a steady rate. Over the last decade, the Kingdom witnessed an average annual increase of eight per cent in electricity demand, with the number of subscribers significantly rising by an average of 5.2 per cent. The demand in the housing sector particularly remains strong, with the sector consuming 50 per cent of the Kingdom’s total electricity production. Industrial electricity consumption, meantime, grew by an average of 6.9 per cent. Read the rest of this entry »

Egypt’s New Minister of Housing Confirms His Appointment to Address the Real Estate Industry

April 2014 in News by edster

More than 250 Industry Leaders and CEOs to Map Egypt’s Economy at 3rd edition of Egypt Real Estate Summit

Minister of Housing, Utilities and Urban Communities, His Excellency Eng. Moustafa Madbouly, has confirmed his attendance at the real estate industry’s flagship event; the Egypt Real Estate Summit, taking place on 7-9 April 2014 at Four Seasons at Nile Plaza, Cairo. Read the rest of this entry »

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Volume of Investments Boosting the Real Estate Sector Reflected at Largest Ever Edition of Cityscape Egypt.

March 2014 in News by edster

Egypt’s leading international property event to Feature more than 100 Exhibitors.

This April will witness one of the most important events on the industry calendar, Cityscape Egypt 2014 in association with Next Move. Read the rest of this entry »

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Booming Real Estate segments in KSA & UAE prompts Cayan Group to launch new Real Estate subsidiary ‘Cayan Homes’

March 2014 in News by edster

Company’s strategic decision to create new subsidiary is part of commitment to address all Real Estate needs of its client

Cayan Group, one of the Middle East’s leading Real Estate developers, has revealed the launch of ‘Cayan Homes,’ the company’s new Real Estate sales and property management subsidiary for the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE). Cayan Group’s strategic decision to create a new subsidiary is part of the company’s commitment to serve its clients on all their Real Estate needs.  Read the rest of this entry »

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Oman’s largest free-standing hotel, Salalah Rotana Resort Opens its doors in the perfume capital of Arabia

March 2014 in News by edster

The five-star Salalah Rotana Resort officially opened on the 18th March 2014 in the capital of the southern Omani province of Dhofar. The stunning 400 room waterfront resort, part of the company’s steadily expanding Rotana, is the Sultante’s largest free-standing hotel in Oman. Read the rest of this entry »