Abu Dhabis executive council announced that the emirate plans to spend US$90bn on development projects over the next five years
Construction
Emaar?s Turkey project secures US$500 million funding
Dubai-based property developer Emaar Properties has signed a US$500mn deal with a consortium of banks to fund development of its Emaar Square project in Istanbul
Saudi and DSI joint venture wins US$720 million Mecca deal
The joint venture between Arabian Construction Company Saudi Arabia and Drake & Scull Construction Saudi Arabia has been awarded a US$720mn contract to build phase three of the Jabal Omar development in Mecca
Developers quick to seize Dubai Maritime City opportunities
Maritime World has announced that 35 per cent of developers have now signed-off and agreed to begin immediate development of their plots within the business district of Dubai Maritime City (DMC)
Arabtec wins US$632 million contract from Msheireb
Arabtec Holding announced that it has won a US$632mn contract from Qatars Msheireb Properties for the development of Phase 2 of Msheireb Downtown Doha