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REAL ESTATE

Kuwait inks $48.5m infrastructure projects deal

July 18, 2018

Kuwait inks $48.5m infrastructure projects deal

Kuwait has awarded contracts worth KD14.72 million ($48.5 million) for infrastructure development including construction and maintenance of roads and bridges besides several key waterways and sewerage projects in the capital, said a report.

The agreement was signed by Minister of Public Works and Minister of State for Municipal Affairs Hussam Al Roumi for these key projects which will come up"... Continue Reading

DP World JV acquires majority stake in India firm

July 18, 2018

DP World JV acquires majority stake in India firm

Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), has closed the transaction to acquire 90 per cent stake in Continental Warehousing Corporation (Nhava Seva) in India.

CWCNSL’s"... Continue Reading

Al-Raya United expands, opens new branch in Saudi Arabia

July 18, 2018

Al-Raya United expands, opens new branch in Saudi Arabia

As part of its strategic initiative to expand and serve the largest number of its clients, Al-Raya United Company for Real Estate Development recently opened a branch in Madina Monwwara, Saudi Arabia. The opening ceremony was held in the presence of CEO Jassim Al-Fajji and a number of employees from Al-Raya’s various departments.
Speaking on the occasion, Al-Fajji said that the expansion in the"... Continue Reading

Indian real estate — an opportunity for smart buyers

July 18, 2018

Indian real estate — an opportunity for smart buyers

The aftershocks of multiple disruptive policy reforms and structural changes continue to ripple through the Indian real estate sector.

While its visible transformation from unorganised to organised and opacity to transparency are indubitably positive, we cannot help but count the fatalities of this process. Many real estate developers"... Continue Reading

Boston Capital Announces Closing of Boston Capital Income & Value U.S. Apartment Fund

July 18, 2018

Boston Capital Announces Closing of Boston Capital Income & Value U.S. Apartment Fund

(AETOS Wire)-- Boston Capital, the third largest owner of apartments in the U.S. with over $19.6 billion invested, is pleased to announce the final investor closing of Boston Capital Income and Value U.S. Apartment Fund (“BCIV”). BCIV, a discretionary multi-investor Luxembourg based fund vehicle, includes financial institutions, insurance companies, pensions,"... Continue Reading

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

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