Dubai-based MAG Group has signed a joint venture (JV) agreement with Dubai Healthcare City to develop approximately one million square feet mixed-use project in Dubai Healthcare City at an estimated cost of around AED 800 million.
Construction begins on state-of-the-art 700 000 m2 cargo terminal Construction has begun on Emirates SkyCargo’ s new state-of-the-art cargo terminal and supporting facilities at Dubai World Central Al Maktoum International Airport, which is set to become the home of its freighter operations from May 2014.
The International Air Transport Association (IATA) announced global passenger traffic results for May showing that air travel continued to expand at a healthy rate. Growth was led by emerging markets. Compared to the year-ago period, overall demand rose 5.6%, while capacity climbed 5.2% pushing the load factor up 0.3 percentage points to 78.1%.
The Palazzo Versace Dubai hotel is scheduled to open its doors next year, according a number of most recent media reports. However, the construction works on the building seem to be halted in recent days. Passing by, one can’t see workers rushing back and forth on the construction site. This may be due to the […]
Dubai’s RTA (Roads & Transport Authority) shared that the Rashid Hospital Tunnels project is finally completed. RTA informed that after a few “finishing touches” the facility will be ready to open on June 30th (Sunday).
Construction works on Dubai Creek Harbour, previously known as The Lagoon, will be soon restarted. The ambitious project will include seven islands, residential units and office buildings, as well as many attractions. However, the highlight of Dubai Creek Harbour is expected to be a tower with a height of over 1,000 meters. After about three […]
Following the announcement made on Saturday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President and Prime Minister and Ruler of Dubai, TECOM Investments, the developers of Dubai Design District, today said that it aims to complete phase one of this dedicated industry community by January 2015, with construction of 10 […]
A new report overviewing the developments in GCC construction sector during the first quarter of 2013 was released by Kuwait’s Global Investment House. Here are the key findings: · Contractors record profit of USD61mn, down 2.5%YoY and up 18.4%QoQ · Backlog rises 2.0%QoQ in 1Q13 · Order receipts/new awards plummet 55.9%QoQ in 1Q13 · Gross […]