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LATEST NEWS

Drake and Scull in advanced negotiation with Wahat Al Zaweya for Dh 1 billion contract

21/01/2018
Drake and Scull International (DSI), a Dubai-based contractor, said, its general contracting subsidiary, Gulf Technical Construction Company (GTCC), is negotiating for Dh1 billion worth of contracts with Wahat Al Zaweya in Al Ain, and has also been awarded as part of the negotiations a Dh250 million contract to develop the Nasayem project in Wahat Al Zaweya.

Eagle Hills and Shurooq to develop 3 projects worth Dh2.7 billion

17/01/2018
His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Tuesday unveiled three real estate projects to be developed in Sharjah, collectively worth a total of Dh2.7 billion. The trio of projects are the result of a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, an Abu Dhabi-based private real estate investment and development company.

Dubai Economy issues 19,877 new licenses in 2017

15/01/2018
The number of active businesses in Dubai rose to 148,842 in 2017, including 19,877 new trade licenses issued in 2017, according to the Department of Economic Development, the trade licensing body of Dubai Government.

Azizi Developments to commence construction of Phases 3 and 4 of Azizi Riviera in February

14/01/2018
Azizi Developments, one of the leading private developers in the UAE, said, construction of Phases 3 and 4 of its flagship project, Azizi Riviera, will commence in February 2018. Construction of Phases 1 and 2 of the Dh12 billion canal development in Meydan One is well underway.

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Dubai’s GDP to grow 3.2% to US$105.95 bn in 2017
Dubai’s read gross domestic product (GDP) at constant price is expected to record 3.2 per cent in 2017 US$105.95 billion (Dh388.85 billion) in 2017, up from US$102.67 billion (Dh376.8 billion) in 2016, according to a latest report by Dubai Economy – the trade licensing and economic regulatory body of the Government of Dubai. Read More...
Dubai’s GDP reaches US$102.67 bn in 2016
Dubai’s read gross domestic product (GDP) at constant price recorded 2.9 per cent in 2016 to Dh376.8 billion (US$102.67 billion), according to a latest report by Dubai Economy – the trade licensing and economic regulatory body of the Government of Dubai. Read More...
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