Confidence levels among construction industry executives continued to rise in the first quarter of 2017, according to the latest update of Timetric’s Construction Confidence Survey.
Swedish construction firm Skanska has bagged a NOK516M ($60.4M) contract to renovate two road tunnels in Oslo, Norway.
UAE-based Damac Properties has unveiled plans to develop Golfotel, the only premium five-tower hotel property surrounded by a golf course in Dubai.Golfotel will house more than 2,000 modern rooms with golf views of the Trump World Golf Club Dubai, which is set within the 55M sq ft community AKOYA Oxygen.Amenities at the hotel will include a lounge and international restaurants, a gymnasium, and an outdoor swimming pool, as well as shuttle services to the tourist attractions all over Dubai and complimentary airport transfer.Damac Properties senior vice president, Niall McLoughlin, said: “Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes. “Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated. “What we are offering is even more lucrative owing to the unique setting in a golf community — such properties usually command a premium because of their location.”
Akademiska Hus, the property developer of the Albano Campus premises in Stockholm, has selected Denmark-based Cowi to assist in developing a knowledge hub in Stockholm, Sweden.
Holliday Fenoglio Fowler (HFF) has arranged $236M in funding for the development of CMC Group’s 64-storey ultra-luxury residential condominium tower in Brickell financial district, Miami, Florida.
Balfour Beatty secured a new contract from Scottish and Southern Electricity Networks to design and renovate five 132kV overhead lines across Southern England.
Tetrad Property Group (TPG) has submitted plans for a $200M mixed-use development in Omaha [pictured], Nebraska.
The African Development Bank Group (AfDB) has approved the eligibility assessment for compliance review for the construction of the 125MW Coal Sendou Power Plant Project in Bargny Minam village, Senegal.
A joint venture (JV) of Bielby Holdings, JF Hull, and Albem Operations has won a contract for the AUD400M ($301.6M) Ipswich Motorway upgrade project in Queensland, Australia.
Acciona Energy has started construction on the 132MW Mount Gellibrand wind farm in the Australian state of Victoria.
US-based engineering services firm Bechtel has secured two contracts from Carbon Holdings to provide project management services for the Tahrir Petrochemicals Complex and construct two new polypropylene units in Egypt.
SABIC and ExxonMobil Chemical Company have selected a site in San Patricio County, Texas, to potentially build a multibillion-dollar petrochemical complex.
Midtown Athletic Clubs has unveiled plans to build the $75M Midtown Athletic Club and The Hotel at Midtown in Chicago [pictured], US.
Enel Green Power North America (EGPNA), a subsidiary of Enel, has begun construction on the 300MW Red Dirt wind farm in the US.
A joint venture (JV) of Spain-based Abengoa and Italy-based Fisia Italimpianti has won a contract to build a desalination plant in Saudi Arabia.
American construction and engineering company Bechtel has been selected as the preferred development partner for the HS2 Phase 2b railway project from Crewe to Manchester and Birmingham to Leeds.
Ground has been broken on a new $450M multipurpose arena in Fort Worth, Texas, US.
Crosslane Student Developments, part of UK-based Crosslane Group, has obtained planning permission for a 583-bed purpose-built student housing project in Coventry, UK.
Elliot Group has secured planning consent for its £250M Infinity ‘triple towers’ project in Liverpool [pictured], UK.
South Korea-based Daewoo Engineering and Construction Co (Daewoo E&C) has secured a QAR1bn ($274.6M) financial package from Qatar Islamic Bank (QIB) to fund its ongoing projects in Qatar, including the construction and upgrading of the E-Ring Road.