Tag Archives: construction

Basma Group Sharjah has awarded the AED 120 million (US$ 32.7m) construction contract for the Novotel Sharjah Expo to Klampfer Middle East LLC, a joint venture between Basma Group and KBW Investments. The new 4-star hotel will be located adjacent to the international exhibition and conference centre in Sharjah city’s central business district. The Gulf region’s meetings, incentives, conferences and ...

Majid Al Futtaim Holding is building a ‘super-regional’ shopping mall at Al Zahia community in Sharjah, which is planned to open in 2018. Al Zahia is a 1.3 million square metre (14m sq ft) masterplanned gated community being developed by Majid Al Futtaim and owned by Sharjah Holding, a joint venture between Majid Al Futtaim and the Government of Sharjah. ...

Sharjah Electricity and Water Authority (SEWA) is evaluating eight bids for the contract to expand and convert Hamriyah power plant from an open-cycle plant to a combined-cycle facility, according to Middle East Economic Digest (MEED). Media reports indicate that the expansion is expected to increase electricity production capacity from 500 Megawatts (MW) to between 1,000 MW and 1,500 MW. The ...

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, is studying plans for two new real estate developments in Sharjah worth an estimated AED 3 billion (US$822m), according to media reports. The company is also considering projects elsewhere in the region, including possible projects in Saudi Arabia. The new Sharjah projects in consideration are, reportedly, ...

KBW Investments and Basma Group Sharjah have formed two construction UAE joint-ventures in Sharjah, Klampfer Middle East LLC and Arcadia Middle East LLC. The agreements were signed in Sharjah this week by HRH Prince Khaled bin Alwaleed bin Talal, Chairman, KBW Investments, and Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group Sharjah. The creation of Klampfer Middle East LLC ...

A new 37,000 square metre shopping mall is being built near to Sharjah International Airport by Alef Group, a Sharjah-based real estate developer. The company has announced that it has awarded the construction contract for the AED 210 million (US$ 57m) retail complex to UAE contractor Omis Contracting and that it expected the complex to open in April 2017. Branded ...

Sharjah Waterfront City, a multi-billion dollar development on Sharjah’s northeast coast announced at Cityscape Global last September, has been listed as the third largest mixed-use project in the Gulf by MEConstructionNews.com. The AED 20 billion (US$ 5.4b) project, being developed by Sharjah Oasis Real Estate Development, is Sharjah’s largest master-planned mixed-use development project to-date and will be built over 10 ...

Sharjah Department of Public Works announced that it has undertaken more than 700 health, educational, housing and services development projects worth over AED 3 billion (US$ 0.8b) in different parts of the emirate. Abdullah Noman, head of supervision at the department of building projects, said that next year would see construction of many buildings including the AED 30 million (US$ ...

A multi-billion dollar development called ‘Sharjah Waterfront City’ on Sharjah’s northeast coast is expected to be announced at the region’s premier real estate event, Cityscape Global, next month. According to a report by Sharjah-based Al Khaleej newspaper, the emirate’s largest master-planned mixed-use development project to-date will cover an area of 60 million square feet along 36 kilometers of waterfront. The ...

Sharjah Investment and Development Authority (Shurooq) plans to invest AED 5 billion (US$ 1.4b) in tourism development projects by the year 2018, in Sharjah city, Sharjah’s east coast and in island resorts. HE Marwan bin Jassim Al Sarkal, CEO of Shurooq, recently revealed the authority’s multi-billion investment plans in an interview with UAE newspaper Al Ittihad. Shurooq was established by ...