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Arabtec wins $193m Dubai tower contract

Arabtec Holding, the biggest construction company in the UAE, said on Sunday it had won a building contract valued at AED710 million ($193 million) to build the first stage of an 80-storey tower comprising a five-star hotel.

Dual residency for expats backed by GCC immigration chiefs

Dual residency for expats backed by GCC immigration chiefs

 

Moves to introduce dual residency for professional expatriates living in the GCC have been officially backed by the Gulf’s immigration chiefs, at a meeting in Abu Dhabi on Tuesday.   

The reccomendation will now be sent to each government and if approved would see all expatriates with “first degrees”, such as doctors, engineers, businessmen and lawyers, being free to live and work in all six Gulf states without having to gain new residency permits.

This would make it easier for companies to deploy staff to different offices in the region, agreed delegates at the 24th meeting of the GCC director generals of naturalisation and residency departments.

Mideast construction sector 'looks good' says UK builder

The construction sector in the Middle East “looks good in the medium term”, an executive from the construction firm who built the Dubai Mall said in an interview printed in the UK.

Saudi Aramco plans to build largest gas plant

 

 

 

Saudi Arabia will shortly finalise plans to build the largest ever gas plant in the kingdom to supply utilities and some industries, Saudi Aramco's chief executive, Khalid al-Falih has announced.

UAE civil projects worth $698 billion ongoing

 

Despite the negative impact on the United Arab Emirates of the global economic crisis, work on civil construction projects worth $698 billion continues to move ahead.

But the downturn is taking an increasing toll with more than half of all civil construction projects across real estate, infrastructure, leisure and entertainment now on hold, according to a detailed report published today, (8th February 2009).

“The UAE may no longer be the land of milk and honey but it is still in a far better position than most," said Emil Rademeyer, director of Proleads Global, the Dubai-based publishers of the first in-depth investigation of its type. "To put it into perspective, the $698 billion of continuing work we are reporting is almost equivalent to the latest stimulus package proposed for the United States."

 Source www.arabianbusiness.com

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