Dubai-based real estate developers Emaar Properties and Al Futtaim Group are set to enter into a US$820mn joint venture agreement for a lifestyle and entertainment development project in Egypt
Construction
Arabtec to construct Europe?s tallest office tower
Dubai-based construction company Arabtec has won an US$123mn contract from OAO Gazprom to build Europe?s tallest office tower in the Russian city of St Petersburg
Guttridge establishes a presence in Saudi Arabia
Guttridge Ltd, a UK-based provider of bulk materials handling equipment, has opened a new office in Riyadh, Saudi Arabia, to enhance local support to the growing economies of the Middle East
HLG awarded US$316 million healthcare project in Saudi Arabia
Habtoor Leighton Group (HLG), operating as Leighton Middle East Contracting, has been awarded a healthcare project worth US$316mn by the Saudi Arabian Ministry of Health
World's largest residential tower opens in Dubai
The 414 m Princess Tower, recognised as the world?s tallest residential building by the Council on Tall Buildings and Urban Habitat (CTBUH), has been delivered by its developer, Tameer