Industry News

Welcome to the Floating Venice, 4km off the Dubai coast

Kleindienst Group on Monday launched The Floating Venice, the world's first underwater luxury vessel resort to be built off Dubai's coastline. Valued at AED2.5 billion ($680 million), The Floating Venice will be located in The [...]

Nakheel to announce projects worth $871m at Cityscape

Nakheel, the Dubai-based master developer, has said that it will announce a range of projects – collectively worth more than $871 million – at Cityscape Global 2017. In a statement, the developer said that it [...]

Oman approves 15 construction tenders worth $15m

Oman’s Tender Board approved construction, infrastructure, and property tenders worth $14.8m (OMR5.7m) during its seventh meeting of 2017. The organisation, led by chairman Dr Rasheed bin Al Safi al-Huraibi, approved 25 tenders, worth $53.4m (OMR20.6m), [...]

Blueprint unveiled for $1.5bn Dubai Food Park

Sheikh Mohammed bin Rashid Al Maktoum – Vice President and Prime Minister of the UAE and Ruler of Dubai – has unveiled the blueprint for Dubai Food Park (DFP), the latest addition to Dubai Wholesale [...]

First Doha Metro trains arrive in Qatar

The first four trains that will run on the Doha Metro arrived in Qatar yesterday, in what is a landmark moment for the infrastructure project. After a three-week journey by sea from Kobe in Japan, [...]

Over 123,500 hotel rooms under construction in MEA

The Middle East and Africa (MEA) hospitality market is witnessing solid growth with a total of 123,589 rooms under construction in the region, said a report. Of this, about 95,089 rooms are under construction in [...]

Nakheel awards Deira Islands contracts worth $117m

Master developer Nakheel has awarded four contracts worth a collective AED430 million ($117m) for its Deira Islands project, a 15.3 sq km waterfront city under construction in Dubai. The contracts, covering islands A and B [...]

Bahrain: $1bn medical city project on track

Bahrain’s Ministry of Works, Municipalities Affairs, and Urban Planning will be carrying out the infrastructure works for the $1bn King Abdullah Medical City, a massive healthcare project in the south of the kingdom. A financing [...]

Saudi’s top 10 projects are worth a combined $92bn

Saudi Arabia’s 10 largest construction projects are worth a combined $92bn (SAR345bn), according to research conducted by BNC Network on behalf of The Big 5 Saudi 2017. The researchers list the country’s top 10 projects [...]