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Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, has revealed plans for the AED30bn ($8.1bn) Dubai Wholesale City project.
Construction work is set to commence on a new $250m office building for HSBC in Downtown Dubai, UAE.
Dubai has announced plans to build the biggest library in the Arab world, which will entail an investment of AED1bn ($272.2m).
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.
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.
DAMAC Properties has unveiled plans for the new AED7.4bn ($2bn) six-tower luxury project in Dubai, UAE.
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.
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.
Majid Al Futtaim has unveiled plans to invest SAR14bn ($3.7bn) to develop two malls in Riyadh, Saudi Arabia.
Maire Tecnimont’s subsidiaries Tecnimont and KT-Kinetics Technology have won an EPC contract worth $180m from Socar Polymer for a new polyethylene plant in Azerbaijan.
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