Ssangyong Engineering & Construction’s Dubai unit and China State Construction Engineering (Middle East) have secured a contract worth AED1.4bn ($381.1m) from Nakheel to build The Palm Gateway at Dubai’s master development Palm Jumeirah.
Century Properties Group, via its subsidiary Century City Development Corporation (CCDC), and Japanese firm Mitsubishi have broken ground on Forbes Media Tower at Century City in Makati, Philippines.
The All India Institute of Medical Sciences (AIIMS) has received approval from the Indian Union Minister of Health and Family Welfare JP Nadda for the expansion of its trauma centre in New Delhi, India.
The European Bank for Reconstruction and Development (EBRD) has provided funding for the development of a €318m hospital in Konya, in the central Anatolian region of Turkey.
As delays in projects go, being held up by almost 350 years is a big one. The idea of building a shipping canal across Thailand’s Kra Isthmus, reducing the usual trade route for ships between the Indian and Pacific oceans by more than 1,200km, was first mooted in 1677. However, despite the proposal resurfacing in the 20th century, fears over the environmental impact and the potential for it to divide the country have held it back. Now, the Korea Railroad Research Institute (KRRI) has put forward the idea of a ‘dry canal’ to carry ships across the south of Thailand, from Kra Buri to Chumpon Bay in the Gulf of Thailand, bypassing the Malacca Strait.
Dubai developer Nakheel has signed a joint venture agreement with RIU Hotels & Resorts to develop a $170m hotel at Nakheel's Deira Islands master development.