Magnom Properties of Saudi Arabia plans to build a hydrogen-powered skyscraper in Egypt. Plans to break ground early next year on a $1 billion, 50-story office tower in Egypt’s new capital, aiming to be the first of its kind powered by clean hydrogen....
Indian investors led the list of new non-Emirati companies joining the Dubai Chamber of Commerce in the first half of this year, with a total of 7,860 Indian companies registering during this period, according to a recent analysis. Pakistan secured the second spot...
According to the Central Bank of the UAE (CBUAE), credit facilities provided by UAE national banks to the private sector reached AED49.5 billion during the first five months of 2024, bringing the cumulative total to AED1.182 trillion by the end of May, up...
Abu Dhabi Named World’s Safest City and Leads GCC in Quality of Life In the latest update from Numbeo’s ‘Crime Index by City 2024 Mid-Year’, Abu Dhabi has been recognized as the world’s safest city, leading a list of 311 cities with a...
Technology is the key to addressing many challenges faced by the construction industry in the region, but a change in mindset is essential, says Mohammad Khader Al Shouli, Managing Director and Head of Contracting Finance at Mashreq Bank.** With Expo 2020 approaching, the...
As sustainability mandates strengthen across the region, contractors and developers are increasingly turning to the potential of modular construction in the GCC techniques to reduce carbon emissions in their processes. Modular construction is emerging as a significant trend in the Middle East. But...
The UAE construction sector continues to demonstrate remarkable resilience, maintaining its strength despite a range of significant challenges. These challenges include adverse weather conditions, shortages of skilled labor, increasing material costs, and intensifying competition from neighboring Saudi Arabia. Weather Conditions The UAE’s harsh...
Best practices in construction law and project management encompass a range of legal principles and strategies. Which aimed at minimizing risks, resolving disputes, and ensuring compliance with regulations throughout the construction process. Here are some key aspects of best practices in construction law:...
For thorough legal oversight in construction projects, ensuring success and minimizing risks with communication and collaboration is paramount. From contracts to compliance, legal considerations permeate every aspect of construction. Clear and comprehensive contracts not only delineate responsibilities but also establish a framework for...
At Sky Crest Building Contracting LLC, managers role is pivotal, overseeing the strategic direction and operations of construction projects. Construction executives possess a unique blend of leadership, management, and technical expertise. They make them indispensable in navigating the complexities of the construction landscape....