Nakheel is seeking to raise US$82mn for a new project on the artificial island Palm Jumeirah according to the company's Chairman Ali Rashed Lootah.
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The construction sector in the MENA region will continue to be supported by government spending in Saudi Arabia, Qatar and Abu Dhabi in 2012 as these markets have undertaken massive infrastructure spending plans backed by the governments, according to a new Fitch report.
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Arabtec Construction, a unit of Arabtec Holding, was awarded a US$153mn contract by Dubai Aviation City Corporation (DACC) for the expansion of Dubai International Airport Terminal 2.
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Mott MacDonald has been appointed by the Abu Dhabi General Services Company (Musanada) to provide construction supervision services for a US$1.9 billion South Shamkha infrastructure project in the UAE.
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Representatives of Hi-Force Daventry were recently invited to the 2011 EEF Midlands Region Future Manufacturing Awards at Warwickshire, U.K.
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