Carillion bags $2.2bn Middle East orders
Britain’s second biggest builder wins range of UAE contracts, including work on Burj Dubai, Motor City.
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Nakheel plans overseas push
Dubai-based developer Nakheel is planning big investments in listed property firms in Asia, the UK and US to take advantage of bargains that are available following the credit crunch, reported Reuters. Nakheel also plans to raise its stake in Australia's Mirvac Group Ltd MRG.AX from 12.5% to just under 20% to expand its operations there.
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Emaar launches Warsan Estate
Emaar Properties has launched Warsan Estate in Dubai, an exclusive residential community located on Al Awir Road. The development will offer 500 single family townhomes that will appeal to residents who value the privacy of villa living in an immaculately laid out residential community, an Emaar statement said.
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