Spending plans for a number major of projects in Abu Dhabi have been approved by the Abu Dhabi Executive Council following a broad review of development plans in the emirate.
Major spending plans in Abu Dhabi approved
Construction
Nakheel plans new project on Palm Jumeirah
Nakheel is seeking to raise US$82mn for a new project on the artificial island Palm Jumeirah.
Nakheel is seeking to raise US$82mn for a new project on the artificial island Palm Jumeirah according to the companys Chairman Ali Rashed Lootah.
Continued support for MENA construction sector
The construction sector will continue to be supported by government spending in Saudi Arabia, Qatar and Abu Dhabi in 2012.
The construction sector in the MENA region will continue to be supported by government spending in Saudi Arabia, Qatar and Abu Dhabi in 2012 as these markets have undertaken massive infrastructure spending plans backed by the governments, according to a new Fitch report.
Dubai Aviation awards airport contract to Arabtec
Arabtec Construction was awarded a US$153mn contract by Dubai Aviation City Corporation.
Arabtec Construction, a unit of Arabtec Holding, was awarded a US$153mn contract by Dubai Aviation City Corporation (DACC) for the expansion of Dubai International Airport Terminal 2.
Mott MacDonald wins US$1.9 billion infrastructure project
Mott MacDonald has been appointed by Musanada to provide construction supervision services for a US$1.9 billion South Shamkha infrastructure project in the UAE.
Mott MacDonald has been appointed by the Abu Dhabi General Services Company (Musanada) to provide construction supervision services for a US$1.9 billion South Shamkha infrastructure project in the UAE.
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