Dubai Cranes and Technical Services Ltd, a subsidiary of Dubai Investments has partnered with Street Crane to leverage the growing demand and undertake more complex infrastructure projects in the region
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A report by Citigroup revealed that the UAE accounted for 56 per cent of the total cancelled and delayed projects for the main regional markets in August.
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.
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.
Egypts 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.
