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Infrastructure and Property

Infrastructure and Property latest

Modon awards the largest residential construction contract in Abu Dhabi in 2025 for Nawayef East and Nawayef West on Hudayriyat Island
December 21st, 2025 - 03:09 GMT

Modon awards the largest residential construction contract in Abu Dhabi in 2025 for Nawayef East and Nawayef West on Hudayriyat Island

Modon has awarded the main construction contract for two of its residential developments on Hudayriyat Island: Nawayef East and Nawayef West. With a total value of AED 5 billion, the contract is the largest awarded for residential in Abu Dhabi in 2025. The contract is for construction of 735 luxury villas, underscoring Modon’s commitment to delivering projects to the highest global standards. Homes will be positioned on the world’s largest man-made hills, rising to heights of 45 and 55 metres respectively – a first for residential developments in the area ...
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Saudi Vision 2030 was announced in April focusing on economic diversification and attracting foreign investment. (AFP/File)
July 28th, 2016 - 12:00 GMT

Saudi Vision 2030 expected to reinvigorate Jeddah and Riyadh real estate markets

Among Arab investors in Dubai, Jordanians came in first, followed by Egyptians and Lebanese. (File photo)
July 25th, 2016 - 11:00 GMT

With over $353 Million in real estate, Egyptians are Dubai’s second highest Arab investors

Riyadh is one of three cities in Saudi in which only nationals can buy property. (AFP/File)
July 25th, 2016 - 07:00 GMT

Shoura Council: Expats cannot buy property in Mecca, Medina, Riyadh

Al Jimi Mall
July 25th, 2016 - 06:58 GMT

Aldar Properties eyes Al Ain as key growth market

Kuwait awarded KD570 million ($1.7 billion) worth of construction projects in the first half of 2016. (File photo)
July 24th, 2016 - 12:30 GMT

Kuwait set to award $27B contracts this year

Dubai is seeing exponential growth in foreigners owning property in the emirate. (AFP/File)
July 24th, 2016 - 12:00 GMT

Saudis, Jordanians top the list of Arab property buyers in Dubai

Economic growth in the country had been subdued ever since oil prices fell from record highs two years ago. (File photo)
July 21st, 2016 - 12:00 GMT

Bahrain's full foreign ownership move to boost property market

Built 146 years ago, the Suez Canal is one of the world's most heavily used shipping lanes. (AFP/File)
July 21st, 2016 - 04:00 GMT

Egypt’s Suez Canal Authority forecasts significant boost in revenue for fiscal year 2016/2017

The smart city will be completely sustainable and provide about 200 megawatts of electricity using photovoltaic roofs on homes and other premises.  (Photo courtesy of Gulf Business)
July 20th, 2016 - 07:30 GMT

Petal power: Dubai to build eco-friendly Desert Rose City


The project is divided into several phases and Empower will produce 30,000 RT by the fourth quarter of this year. (Nooz.com)
July 20th, 2016 - 04:44 GMT

Just chill: Nakheel awards $490M contract to Empower for Dubai cooling plants

Egypt’s President Abdel-Fattah El-Sisi, far left, with African heads of state at the AU summit in Kigali, Rwanda. (AFP/Cyril Ndegeya)
July 19th, 2016 - 12:00 GMT

Nile dam talks advance at African Union Summit, but not as quickly as construction

The group has been beset by financial and legal difficulties due to the crane accident, government cuts and a fall in oil prices. (File photo)
July 19th, 2016 - 11:00 GMT

Binladin Group requests extension on $217.8M loan repayment

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