• Arabtec says to go ahead with its liquidation plan


    Dubai-based contractor Arabtec Holding said it will go ahead with the plans to file application for liquidation owing to its untenable financial position due to Covid. The company had in September won approval from its shareholders in this regard.

  • Saudi Q3 construction deals value down as Covid crisis bites


    Saudi Arabia said the total value of awarded contracts for the third quarter fell to SR7.4 billion ($2 billion) as Covid-19 related strains on government and private sector entities persist leading to a slowdown in the construction sector.

  • Al Rajhi to provide key funding for Saudi sewage plant project


    Al Rajhi Bank said it will providing a key Islamic debt facility for the development of an independent sewage plant in Saudi city of Taif. A consortium of Spanish group Cobra and Tawzea had recently announced the financial closure of the project.

  • Metso Outotec expands mobile, stationary crushing systems range


    Mining engineering company Metso Outotec has expanded its mobile and stationary crushing systems range with a new sizer crusher specially designed for soft ore and aggregate applications available in five models ranging from 500 to 4500 tonne/hour.

  • Orascom-Mitsubishi consortium wins $800m Cairo metro contract


    Egypt-based Orascom Construction said its consortium with Mitsubishi Corporation has won a $800 million contract from National Authority for Tunnels to execute the railway systems, track and depot works package for the first phase of Cairo Metro Line 4.

  • Bahrain to complete $12m people-friendly projects by 2022


    Bahraini authorities said public projects worth BD4.7 million ($12.3 million) will be completed in the Capital Governorate by 2022. These include walkways, market, gardens, parks and a stadium in addition to beautification and development of green areas.

  • Sharjah's Al Dhaid development projects set for 2021 completion


    Sharjah authorities said work is under way on several development projects in the Central Region including the Dh100-million ($27.2 million) Dhaid Market and the other key infrastructure and housing projects, which are due for completion by 2021-end.

  • Saudi home mortgage loans hit $29bn in 10 months


    Residential new mortgage loans in Saudi Arabia for individuals reached 234,466 contracts with a value of SR109.2 billion ($29 billion), until October 2020, exceeding all mortgages provided by all financing institutions in 2019 and 2018.

  • Elsewedy Electric wins Egypt power network upgrade contract


    Elsewedy Electric, an integrated energy solution provider in the region, said its consortium with Japan's Toyota Tsusho has secured a E£1.46 billion ($93 million) power distribution network upgrade deal from North Cairo Electricity Distribution Company.

  • Breakbulk Middle East to put spotlight on women achievers


    Breakbulk Middle East, a leading industry event for project cargo sector, will kick off next February in Dubai. A major highlight at the show will be Women in Breakbulk initiative that will feature several women holding leadership roles in this sector.

  • PAN Emirates Home Furnishings opens new store in Abu Dhabi


    PAN Emirates Home Furnishings, a leading home-grown indoor, patio and outdoor furniture brand in the region, has opened its newest store at Capital Mall, Abu Dhabi. Spanning across 4,200 sq m, it is the company's biggest store in the UAE capital.

  • Bahrain's Mall of Dilmunia announces new tenant deals


    Bahrain-based Dilmunia Mall Development Company said it has achieved a key milestone at its retail destination, Mall of Dilmunia, securing several leading brands as tenants in addition to the existing ones swiftly starting their store fit-out work.

Building & Construction Window


Construction News

Arabtec says to go ahead with its liquidation plan

Dubai-based contractor Arabtec Holding said it will go ahead with the plans to file application for liquidation owing to its untenable financial position due to Covid. The company had in September won approval from its shareholders in this regard. ...



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Gulf construction - December 2020


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