Qudurat Development Holding Company plans to acquire shares in different companies, aside from establishing a company specialised in the fields in which it operates in collaboration with international technical partners. (Image source: Ujah Abdul/sxc.hu)
A new joint venture firm, owned by Abdulaziz Alsaghyir Holding Company and Abdul Mohsen Al Hokair Trading Group, has earmarked US$1.33bn for investment in infrastructure projects and services in Saudi Arabia
Al Rayyan Stadium will have a capacity of 40,000 and will include a new modular top-tier that can be disassembled after the World Cup. (Image source: Wikimedia Commons)
The Qatar 2022 Supreme Committee has announced consulting and engineering firms Aecom and Ramboll will deliver the new Al Rayyan Stadium for the 2022 FIFA World Cup
The improvement in demand will push up the price, which is expected to touch US$799 per tonne that was prevalent in the market before acute labour shortage hit the construction sector.
Iron prices in Saudi Arabian local markets are expected to go up in the coming months following the recovery of the construction sector market, which had been hit by acute labour shortage
Among the chain scale segments, the upper upscale segment accounted for the largest portion of rooms in the total active pipeline; 33.8 per cent with 43,183 rooms. (Image source: Planned City/Flickr)
The Middle East and Africa hotel development plan comprises 525 hotels, totalling 127,840 rooms, according to a global construction report
Costing US$217mn, The Pointe, spread across 136,000 square metres is due for completion in 2016. (Image source: Nico Crisafulli/Flickr)
Dubai developer Nakheel has awarded a contract worth US$102mn to Gulf Technical Construction Company to build The Pointe at Palm Jumeirah
