Arabtec Holding reported a 40 per cent drop in second quarter profit

Arabtec Holding reported a 40 per cent drop in second quarter profit to Dh111.1 million compared to Dh183.9 million a year earlier.

The second-quarter revenue stood at Dh1.28 billion versus Dh2.05 billion in the same period, disappointing analysts’ predictions. Read more

Drake & Scull is awarded 4 proiects in Kuwait, Qatar and Oman

Dubai-based construction-engineering contractor Drake & Scull International (DSI) has been awarded four contracts in Kuwait, Qatar and Oman, the company said in a statement Tuesday.

DSI said the four new projects had a combined value of AED80m ($21.8m), but did not break down the value of individual awards. The projects are the Immigration General Directorate Building in Farwaniya, Kuwait; the Arabilla Tourist and Entertainment Complex in Salmiya, Kuwait, a commercial development in Oman; and the Emergency and Safety College in Qatar. Read more

Arabtec to build Ras Al Khaimah’s La Hoya Bay project

Dubai’s Arabtec has signed a deal to build La Hoya Bay project in Ras Al Khaima, valued at $680 million over nearly five years, the construction heavyweight said on Monday.

Arabtec said the project will be constructed over 54 months with the first phase, valued at $245.1 million, to start immediately.

The La Hoya Bay project on Marjan Island has been plagued by delays as the project launched during the global economic downturn and Dubai’s property collapse.

Rakeen, the Ras al Khaimah-owned real estate firm, took over custody of La Hoya Bay’s parent firm Khoie Properties after it became insolvent.

Drake & Scull International Abu Dhabi established a new company “CAMPCO Properties LLC”

In partnership with Buhairan Limited Company, Drake & Scull International Abu Dhabi has established a new company “CAMPCO Properties LLC”. Read more

Ducab awarded AED 126mn in contracts for work on Abu Dhabi gas facility

Agreement marks a significant milestone for Ducab’s OGP division with two contracts for GASCO’s Integrated Gas Development (IGD) Project

Following a series of recent negotiations in Yokohama, Japan, Ducab—one of the leading manufacturers of power & special cables in the Middle East—has announced winning its second contract to work on Abu Dhabi’s Integrated Gas Development (IGD) Project, raising the company’s total order for GASCO’s Habshan 5 project to just over AED 126mn (USD 35mn). Read more

Al Fara’a Integrated Construction Group bags collection of 7 International Stevie Award Accolades

Today, it was announced that the Al Fara’a Integrated Construction Group has achieved seven international Stevie Awartds Accolades. Included was wholly owned Unibeton Ready Mix’s Senior Vice President, Mr Mohd Shehadeh who won best executive. Read more

AECOM acquires Tishman Construction Corp. in US$245-million transaction

Expands AECOM’s capabilities, presence in US$100-billion global construction management

AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has acquired Tishman Construction Corp., a leading provider of construction management services in the United States and the United Arab Emirates, in a US$245-million transaction. Read more

Drake ‘&’ Scull International PJSC secures second major contract in Saudi Arabia

Drake ‘&’ Scull International PJSC (DSI), a regional leader delivering integrated engineering capabilities, has been awarded an AED 460 million contract for the complete Mechanical, Electrical and Plumbing (MEP) works for the iconic Information Technology and Communications Centre (ITCC) project in Riyadh.

DSI will be undertaking this project in a joint-venture with Al Zamil Group, one of the largest conglomerates in the Kingdom of Saudi Arabia. Read more

Al Fara’a Integrated Construction Group celebrates 30th Birthday

Yesterday, the Al Fara’a Group celebrated its 30^th birthday with various events for its 18,000 employees in the UAE, Saudi Arabia and India. Al Fara’a was founded on 5 July in 1980 and is today an integrated construction group that spans property development, construction and related services as well as fabrication and manufacturing. The Al Fara’a Group also includes Unibeton Ready Mix, the largest concrete manufacturer in the Gulf; Belgium Aluminum and Glass and Al Sabbah Electromechanical. Read more

UK Coastline changes shape to create new London Gateway Wildlife Reserve

DP World is today creating a new wetland 30 times the size of Trafalgar Square by breaching part of the Essex coast’s flood defence wall. The new wildlife reserve will provide feeding areas for thousands of birds flying south for the winter.

New habitats will also be created for adders, newts, lizards and water voles, which are being re-homed as part of the development works for the new deep sea container port.

Today (Monday July 5) sees the culmination of two years of preparations for this complex engineering project. Carillion, the contractor for DP World, is removing 300m of existing sea wall at low tide. The tide will then flood the 30 hectare site creating new intertidal mudflats, which are ideal feeding areas for avocets, dunlins, black tailed godwits and many other species of birds. A new flood defence wall has been created around the land to be flooded. Read more

Next Page »