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Arabian Business News
Finishing standards suffer as Dubai developers cut costs
Worst cases also seen in multi-million dirham penthouses on the Palm Jumeirah - surveyor.


JV signs $1.6bn deal to build giant Doha mall
1st phase of mixed-use project to finish 2012; IKEA, ACE and Toys 'R' Us stores confirmed.


Saudi construction deals rocket 175 percent in Q2
Power, residential real estate and road projects fire construction sector's rebound.


Qatar delays projects, learns lessons from Dubai
Qatar developer Barwa Real Estate said it has delayed its $8.3 billion Al Khor project.


Switching on
Carol Prince explains how LEDs let us keep the lights on for longer and reduce environmental damage.


Taking stock
Full working days await - how will your performance so far influence the rest of the year, asks Benjamin Roberts.


Zoning in
Abu Dhabi has the money, space and access to cheap energy to attract medium and heavy industry to the emirate. But has it happened yet?


Raising the roof
Arabian Business' sister website pays a flying visit to the new airport terminal building in Abu Dhabi.


Real Estate Construction
Barwa to take over Lusail's golf course project
Qatari developer Barwa Real Estate has agreed with Kuwait's Al Imtiaz Investment to take over the golf course development project in Lusail at a cost of QR1.24bn, the Peninsula has reported. The move aims to help the Imtiaz, in which Barwa has a stake, with liquidity.
Saudi to award more construction contracts in 2010
Saudi Arabia's National Commercial Bank has issued a new report which forecasts that the kingdom will award more construction contracts through the year within its post-crisis fiscal expansion strategy, Emirates Business has reported. The second quarter of 2010 saw a consistent increase in the value of awarded contracts, with the total awarded deals during leaping to more than SR24.2bn from around SR8.8bn during the first quarter, the bank said in its Construction Index Survey. The sectors that contributed to the majority of the growth in awarded contracts during the first half of 2010 were power (SR11.7bn), residential real estate (SR5.9bn), roads (SR3.9bn), mixed-use real estate (SR2bn), and urban development (SR2bn), the survey showed.
Kuwaiti firm postpones two Middle East projects
Ghazi Al Nafisi, chairman and managing director of Kuwait-based developer, Salhia Real Estate has said the firm has delayed two projects, one in Bahrain, the other in Oman, due to the fallout from the global financial crisis, Arabic Al-Watan has reported. Preparatory work on the Bahrain project was scheduled for completion this year, Al Nafisi told the daily. The project involves the construction of an office tower at a total cost of KD43m ($149m), he added.
Construction begins on Heart of Sharjah project
The Sharjah Investment and Development Authority (Shurooq) has announced the commencement of construction works on the 'Heart of Sharjah' project. The multi-phase project includes ongoing development works with the aim of reviving the historic and heritage areas of the Emirate. Construction on the first phase of the project began last week, and is scheduled for completion within two years.
Antonio Projects set to award Beirut tallest tower contract
Lebanese developer, Antonio Projects expects to award the main construction contract for the capital's tallest tower in October, Meed has reported, citing a source involved with the project. The 50-floor, 200-metre, Sama Beirut Tower will include seven floors of offices and 40 residential floors, which will contain 71 apartments. The tower will also contain seven basements, which will contain parking facilities for more than 700 cars.