The Shuweihat 3 Independent Power Plant (IPP) project reached financial closure after a delay which makes it the world's biggest power project financing this year.

Saudi Arabia will build 16 civilian nuclear reactors over the next 20 years at a cost of more than US$300 billion.

Official figures released by the Qatar Statistics Authority (QSA) showed that the construction industry was one of the biggest gainers in the last quarter of 2010 in its latest report.

Financial experts have said that the growing economic ties with the emerging economies of Asia will benefit the economic stability and growth prospects of Gulf economies.

Istanbul-based construction company, Tav Group, will place its bid along with partners Arabtec and CCC in July for the Abu Dhabi international airport midfield terminal project, its president and chief executive officer, Mustafa Sani Sener said on the sidelines of the MEED Arabian World Construction Summit.