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Qatar’s public works authority, Ashghal, has opened the tender process for design, lead, and MEP consultancy contracts for the Al Riwaq Exhibition Building, located near the Museum of Islamic Arts in Qatar.
The tender was released on October 3rd, 2024, and bidders must be submitted by November 3rd, 2024. The contract award is expected in January 2025 and is set for completion by the third quarter of 2028.
Select Group has announced it had awarded Arabian Construction Company (ACC) the construction contract for Six Senses Residences Dubai Marina, with a gross development value of over US$1 Bn.
Scheduled for completion in 2028 and strategically located in the vibrant Dubai Marina district, the ultra-luxury 122-storey development presents 251 residences ranging from two- to four-bedroom deluxe residences, half-floor penthouses, and duplex and triplex Sky Mansions.
KASCO Group announced entry into property development with a portfolio valued at US$327 Mn Building upon its 15 years of experience in the UAE’s real estate sector, KASCO Group recently announced its strategic entry into property development with a project portfolio valued at US$327 Mn.
This initial investment reflects the company’s confidence in the UAE real estate market. The first three projects-Onda, Val, and Volna-are strategically located in prime areas of Business Bay and Al Jaddaf.
Saudi’s First Avenue Real Estate Development plans to expand into the hospitality sector, according to the company CEO and Managing Director Nader bin Hassan Al-Omari. He said the company’s project portfolio currently stands at approximately US$533 Mn, spanning residential, commercial and office projects. The announcement follows First Avenue’s listing on the Saudi parallel market (Nomu).
Egypt’s Finance Minister, Ahmed Kouchok, reported on Wednesday that the country expects nearly US$562 Mn of investments in public-private partnership (PPP) projects in the current fiscal year. Ahmed Kouchok said the government attracted around US$412 Mn in PPP projects in various sectors in the 2023-2024 fiscal year. He said Egypt targets six new large projects this year including the electricity, water, sewage, sectors.
Dubai Investments announced that its US$82 Mn Violet Tower project in Jumeirah Village Circle (JVC) is nearing the completion of its foundation phase, with 99.3 percent of the piling work already finished with targeted completion by the fourth quarter of 2024.
The project will feature 27 residential floors comprising 287 units and is scheduled for completion in the fourth quarter of 2026. According to the Ventures Onsite Database, Al Ghurair Contracting is the main contractor and Tech Foundation manages the enabling works.
Dar Global has appointed Stromek Emirates Foundations the contract for shoring, excavation, and piling works for its 200 million UAE dirhams ‘The Astera, Interiors by Aston Martin’ project in Al Marjan Island in Ras Al Khaimah.
The Island Dubai-based real estate developer Source of Fate Properties has broken ground on Sunshine Bay, a luxury residential project designed by Italian architecture and design firm Mercurio Design Lab (MDL), this project is scheduled for completion in 2027.
Saudi Arabia has launched a new project comprising more than 1,000 houses. The project is part of a massive program launched ten years ago to expand citizens’ house ownership.
The latest project is located South of the Red Sea Port of Jeddah, part of the Al-Sadan Community project. Eight developers are involved in the Al-Sadan Community project, including the National Housing Company (NHC), the main developer.
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