Developer Nakheel today awarded a contract worth more than $6.4mn contract for piling work at its iconic, 260 metre PALM360 luxury hotel and residential project on Dubai’s Palm Jumeirah. The company has named the Dubai branch of BAUER Spezialtiefbau GmbH, headquartered in Germany, for the work, which will take four months to complete. The milestone…
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The owner of the historic Chrysler skyscraper, a fund dependent on the Government of Abu Dhabi, has commissioned the real estate group CBRE the sale of the famous office building in New York. According to ‘The Wall Street Journal’, the current owners of the iconic block want to get rid of their property due to…
Saudi Arabia Basic Industries Corp (SABIC) has been appointed to improve construction standards in Saudi Arabia by the Saudi Contractors Authority (SCA). SCA and SABIC signed a Memorandum of Understanding (MoU), which will see the latter share its knowledge to batter practises. The MoU also targets the safety of construction projects across the country, with…
eal estate fund Riant Capital has named Hyatt Hotels & Resorts as its official partner for the development of the Taipei Sky Tower (TST). The skyscraper, situated in the Xinyi District of the Taiwanese capital, will be home to two luxury Hyatt-branded hotels, Park Hyatt Taipei and Andaz Taipei, becoming Hyatt’s first dual branded luxury…