Industry News

Qatar will emerge as one of the fastest growing construction markets on a global basis, BMI Research said and it forecasts an annualised average sector expansion of 14.1% out to 2022. “Despite potential headwinds stemming [...]

BIM is key to future of Quantity Surveying profession says RICS Building Information Modelling (BIM) can help quantity surveyors to speed up the estimating process by supporting the use of the New Rules of Measurement, [...]

Great news for Quantity Surveyors and related industries. The Q4 2017 RICS Global Commercial Property Monitor, which has just been released, suggests that sentiment remains generally upbeat across the majority of real estate markets covered [...]

His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and chairman of Dubai Municipality, has approved AED1.3bn for the implementation of the first stage of the rainwater and groundwater drainage [...]

Kleindienst Group on Monday launched The Floating Venice, the world's first underwater luxury vessel resort to be built off Dubai's coastline. Valued at AED2.5 billion ($680 million), The Floating Venice will be located in The [...]

Arada has revealed plans to award the main contract for Phase 1 of its $6.5 billion (AED24bn) Aljada megaproject in January 2018. The developer said that it would float the main construction tender for Phase [...]

Nakheel, the Dubai-based master developer, has said that it will announce a range of projects – collectively worth more than $871 million – at Cityscape Global 2017. In a statement, the developer said that it [...]

Oman’s Tender Board approved construction, infrastructure, and property tenders worth $14.8m (OMR5.7m) during its seventh meeting of 2017. The organisation, led by chairman Dr Rasheed bin Al Safi al-Huraibi, approved 25 tenders, worth $53.4m (OMR20.6m), [...]

Sheikh Mohammed bin Rashid Al Maktoum – Vice President and Prime Minister of the UAE and Ruler of Dubai – has unveiled the blueprint for Dubai Food Park (DFP), the latest addition to Dubai Wholesale [...]

The first four trains that will run on the Doha Metro arrived in Qatar yesterday, in what is a landmark moment for the infrastructure project. After a three-week journey by sea from Kobe in Japan, [...]

The Middle East and Africa (MEA) hospitality market is witnessing solid growth with a total of 123,589 rooms under construction in the region, said a report. Of this, about 95,089 rooms are under construction in [...]

Master developer Nakheel has awarded four contracts worth a collective AED430 million ($117m) for its Deira Islands project, a 15.3 sq km waterfront city under construction in Dubai. The contracts, covering islands A and B [...]