Buildings

Saudi Oger secures landmark US$1.85 billion funding

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Saudi Oger reached a deal with a group of leading banks to secure a landmark US$800mn senior term loan facility and a US$1.05 billion advance payment guarantee facility to fund the King Abdullah Project 2.

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Bauer working on tunnel project in Abu Dhabi

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Bauer International is currently constructing a pedestrian tunnel at Nation Towers in Abu Dhabi, which, going under the existing Corniche Road, will link the shopping complex and other components to a purpose built beach club.

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Orascom Q2 profits up 15 per cent despite Egypt unrest

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Egypt's Orascom Construction (OCI) posted a 15 per cent rise in second-quarter net profits and said it expected orders to grow this year as governments in the Middle East try to create more jobs by boosting infrastructure spending.

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Saudi sees construction contracts soar in second quarter of 2011

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The Saudi Arabia’s Construction Contracts Index (CCI) has shown that the Kingdom’s construction sector saw awarded contracts increase by 43 per cent increase over the second quarter of 2010.

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Qatar defies construction slowdown

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Qatar's construction market has exhibited steady quarter-on-quarter growth in the first half of this year, reports from Qatar's Statistics Authority show.

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