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REAL ESTATE

Kuwait signs $48m civic infrastructure contract

July 17, 2018

Kuwait signs $48m civic infrastructure contract

A design and build contract for roads, bridges, sewers, and waterways in Kuwait City has been awarded by a senior government minister.

Kuwait's Minister of Public Work and Minister of State for Municipal Affairs, Hussam Al-Roumi, signed a $48.5m (KWD14.7m) contract for the design, construction, and maintenance of a new civic"... Continue Reading

Massive buildings that cost govt millions of dinar left in ‘disuse’

July 17, 2018

Massive buildings that cost govt millions of dinar left in ‘disuse’

Amid warnings against wastage and the belt-tightening policy, several massive buildings that cost the government millions of dinars are deserted without internal or external activities. Those buildings are still waiting for employees and visitors to open their doors before they become dilapidated or a technical report declares them unfit for use, reports Al-Rai daily.

Al-Rai"... Continue Reading

Kuwait awards $61m airport terminal expansion contract

July 15, 2018

Kuwait awards $61m airport terminal expansion contract

Kuwait has awarded a KD18.6 million ($61 million) contract for the development of its new passenger terminal (T2) at Kuwait International Airport, reported Kuna.

Minister of Public Works and Minister of State for Municipal Affairs Hussam Al Roumi signed the deal which includes the work on the design and expansion of the runway"... Continue Reading

Balfour Beatty JV wins major Hong Kong deal

July 14, 2018

Balfour Beatty JV wins major Hong Kong deal

Balfour Beatty, the international infrastructure group, today announced that its 50:50 Far East joint venture, Gammon Construction, has won an HK$2.6 billion ($331.28 million) contract for the Highways Department of Hong Kong.

The contract is for the ‘Tuen Mun-Chek Lap Kok Link – Northern Connection Tunnel Buildings,"... Continue Reading

Acquisition of RAK plant by Shree Cement complete

July 14, 2018

Acquisition of RAK plant by Shree Cement complete

The Government of Ras Al Khaimah today completed a deal with India’s Shree Cement under which the latter has acquired the emirate’s Union Cement Company (UCC).

The Foreign Direct Investment (FDI) deal has been completed exactly six months"... Continue Reading

Incheon International Airport Corporation operates Kuwait Terminal 4

July 10, 2018

Incheon International Airport Corporation operates Kuwait Terminal 4

As the construction of Kuwait International Airport’s Terminal 4 is completed, the Incheon International Airport Corporation’s Kuwait Airport Terminal 4 consignment operation project is on its way.

On June 4th (local time), the opening ceremony of the 4th Terminal was held at Kuwait Airport, which is located 15.6 km south of the city of Kuwait.

The event was attended"... Continue Reading

Dalby eyes expansion into Middle East

July 9, 2018

Dalby eyes expansion into Middle East

Dalby, a company with 50 years' experience in hydraulic hooklifts, aims to expand its operations into the Middle East and is looking for partners in the region, the company says.

Dalby designs, builds and markets hydraulic hooklifts for all types"... Continue Reading

Local market stagnant for nearly four years – ‘Review reasons that prevent expats from owning property’

July 5, 2018

Local market stagnant for nearly four years – ‘Review reasons that prevent expats from owning property’

The Mudon Ahlia Real Estate Company has urged the real estate sector in Kuwait to review the reasons that prevented the effective implementation of the decision of the Council of Ministers to allow foreigners to own the property, after it was issued about 4 years.

The company said in a report that the conditions and regulations"... Continue Reading

For the first time in Mideast, Kuwait sees opening of Hafele Design Studio

July 5, 2018

For the first time in Mideast, Kuwait sees opening of Hafele Design Studio

Extending to its leadership and success in the industry All Wood Design- a subsidiary of Mohamed Al Mahmoud Company signs an agreement with a well-reputed German company Hafele. This agreement was established to create a joint design studio between All Wood Design Studio and Hafele. This ultimate partnership will enable All Wood Design to offer its customers with an enhanced custom experience for all sorts"... Continue Reading

Property Monitor appoints new CTO

July 3, 2018

Property Monitor appoints new CTO

Property Monitor, the real estate data platform of Cavendish Maxwell, one of the UAE's leading property and construction consultancies, has appointed Moe Abeidat as its chief technology officer (CTO).

Abeidat will be responsible for the continued development of the platform, harnessing his extensive experience in software development and property and financial technology.

Abeidat"... Continue Reading

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