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Construction News & Analysis

Dubai Metro

Dubai metro bidders prepare financing proposalsSubscription

Roads & Transport Authority to study funding options

King Abdullah Financial District in Riyadh

Saudi Binladin in banks talks to rollover debtSubscription

Contractor approaches lenders to get loans to meet short-term liabilities

Burj Khalifa Dubai skyine

Calatrava selected to design Dubai towerSubscription

New landmark will be built in the Creek area


Dubai tenders airport upgrade worksSubscription

Contract covers upgrade of systems supporting existing concourse


Iraq to build wall around Baghdad to repel Isis Subscription

Work has started on 65-kilometre stretch of the wall

Nakheel's Palm Jumeirah

Nakheel profits dip in fourth quarter of 2015Subscription

Full-year profits rise by 19 per cent for Dubai developer

Al-Reem Island

Firms prepare to submit Abu Dhabi mall bidsSubscription

Retail development will be built on Reem Island

UAE finance

Union Properties in discussions for loanSubscription

Developer still seeking finance for four projects

Nakheel Nad al-Sheba

Local developer tenders Dubai villasSubscription

Nakheel invites contractors to submit bids for 133 villas

UK firm wins Al-Maktoum airport contract

Dubai receives bids for Al-Maktoum airport expansionSubscription

Contract covers work on the existing passenger terminal

Nakheel's Palm Gateway project at the base of Dubai’s Palm Jumeirah

Nakheel awards Palm Gateway contractSubscription

Chinese and South Korean contractors to work on project


Dubai plans largest library in the regionSubscription

It will house more than 4.5 million books

Bluewaters island

UK contractor awarded Bluewaters infrastructure dealSubscription

Firm wins second contract for island scheme in Dubai


Arcadis appoints new regional CEOSubscription

The company’s global design director has been appointed as the new Middle East chief executive

City Centre Mall

Majid al-Futtaim revenues grow by 8 per centSubscription

Shopping malls and hotel operator continues to grow in the Middle East and African region

A construction crane crashed into the Grand Mosque in Mecca on 12 September, killing 107 people

Riyadh completes Mecca crane accident inquirySubscription

Saudi Arabia is expected to make an announcement on findings within weeks

Egypt housing

Egyptian banks ink housing loanSubscription

Egypt requires at least 500,000 new homes to be built every year for five years to keep up with population growth

Funding: Jabal Omar Development Company received a $1bn loan from NCB, a new entrant to the MEED 100

Jabal Omar misses first loan repaymentSubscription

Saudi Arabian developer fails to make first payment of a finance deal arrange in late 2015

Al-Rayyan Stadium (expansion)

Contractors submit Qatar stadium bidsSubscription

Two stadium construction deals were awarded in 2015

The Dubai Marina location where the Marina Gate development will be constructed

Jumeirah Group to manage Marina hotelSubscription

 Property is being built by Select Group

Colin Foreman

It is always a good time to launch tall towersSubscription

Market conditions inevitably change during the construction of long term projects

Hossam Abougabal

Cairo must let go of large state-owned companiesSubscription

Letting go of large state-owned companies will create more efficient operations that can drive growth in the private sector

Colin Foreman

Villas are an opportunity for Arabtec to trade out of troubleSubscription

Dubai-listed construction firm has a strong track record and specialist technology

Colin Foreman

Business as usual for a depressed construction marketSubscription

Region needs more that just a few pockets of activity

Hossam Abougabal

Saudi Arabia must address housing despite limited spending VideoSubscription

The government has set a target of 3 million units by 2025

Jennifer Aguinaldo

Investments on key airports must proceedSubscription

Budget cuts must exclude projects that could help expand non-oil GDP

Colin Foreman

Slow 2016 as Riyadh takes stock of projectsSubscription

There could be new long-term opportunities in the kingdom for companies prepared to adapt


Saudi budget eagerly watched amid expectations of economic reformsSubscription

Kingdom’s Deputy Crown Prince Mohammed bin Salman al-Saud has privately outlined plans for sweeping changes in the country’s economy.

Hossam Abougabal

Egypt’s One Million Homes scheme more a policy than a projectSubscription

Ambitious scheme has been significantly delayed

Jennifer Aguinaldo

Continued investment is key to aviation growthSubscription

To not invest in a sector that can create well-paying jobs is irresponsible

Colin Foreman

Reversing declines will take timeSubscription

Firms hungry for new work in 2016 may have to wait

Colin Foreman

Transport plan will help Abu Dhabi make decisionsSubscription

Updated plans will reflect a more measured approach to development

Richard Thompson

Iranian oil contracts highlight challenges facing investors

Future investors in Iran should be prepared to share the frustration felt by oil companies awaiting new oil contracts

Kuwait airport extends prequalification

Kuwait's $4.3bn airport project award hangs in balanceSubscription

Lowest bidder awaits award of contract letter as politicians debate transparency

Dubai contractor records profit dip

Cash flow alarm rings loud for contractors Subscription

Regional contrators brace for harder times ahead as clinets delay payments

Hossam Abougabal

Egyptian contractors to benefit as international lending stallsSubscription

Project owners may be forced to appoint local contractors as foreign currency problem deepens

Richard Thompson

Oil ministers promise 2016 recovery

 The region’s governments should seek to take advantage of the low-cost environment to drive investment

Philippa Wilkinson

Kuwait promises much on projectsSubscription

The challenges on delivering its ambitious infrastructure plans are significant

Colin Foreman

Only the strong survive a cash flow crisisSubscription

Contractors without financial clout will struggle to shoulder the burden of delayed payments

Colin Foreman

Contractor woes are bad for Dubai's economySubscription

There is a strong link between construction activity and consumption