Four-lane highway, which is an extension of Sheikh Mohammed bin Zayed Road, was initially set to open this year
Construction
Saudi builder says nearly $100m worth of projects delayed
Abdullah Abdul Mohsin al-Khodari and Sons blames slow issuance of visas, clients facing funding shortages
Construction starts on $8.1bn Dubai Wholesale City mega project
Development spread over 550m sq ft aims to increase the UAE’s share of the global wholesale trade sector
Hotel giant says resuming plan to build Ras Al Khaimah resort
InterContinental Hotels Group to partner with RAK Properties to restart work on Mina Al Arab resort
Embattled Saudi builder MMG says ‘doubts over the company’s ability to continue’
In a short statement via the stock exchange, MMG said it has written directly to Deputy Crown Prince Mohammed bin Salman over future operations
Spanish firms reach deal with Saudi Arabia over $7bn Mecca-Medina rail contract
Al Shoula consortium comprising 12 Spanish companies including OHL and Indra as well as two Saudi firms had become embroiled in a dispute over payments with the Saudi government.
FIFA 2022 stadium numbers to be decided next year
The number of stadiums required still remains unclear
Saudi’s Fawaz Alhokair closes in on loan for $1.1bn Arab Bank stake buy – sources
The family firm aims to buy Saudi Oger’s 20.93 percent stake in Arab Bank, banking sources say
Brayan Group and Klampfer combine to form local MEP firm
KBEC to compete in UAE market
Qatar gets green light to turn US embassy in London into luxury hotel
Westminster Council approves Qatari Diar’s plans despite pressure from lobbying group
Work restarts on Seef tower in Bahrain following five-year delay
Landmark Cityview Tower’s completion date was set for December 2016 but is now expected to be September 2017
Qatar 2022
Swiss-based BWI trade union to inspect Qatar 2022 World Cup sites
Around 10,000 construction workers from Nepal, India and Bangladesh are building eight stadiums in Qatar
United Development awards $191m contracts for Pearl-Qatar
Leighton Contracting Qatar had been commissioned for construction work at the main building of Al Mutahidah Towers
Work on Taif Airport to begin in two months
Project designed to enhance tourism to city in Makkah Province
Dubai’s Drake & Scull posts narrower Q3 net loss
Drake & Scull said it appointed a financial adviser in the third quarter to assist in a number of business transformation and strategic initiative
Dubai contractor Arabtec reports narrowing Q3 net loss
Arabtec Group will continue to implement cost reduction and transformation programme “to ensure lean operations and better position the group in the current challenging market conditions”
Kuwait awards project contracts worth $3.4bn in Q3
Majority of contracts were given through public private partnerships (PPP)