Construction

Financing announced for Baghdad metro plan

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A five-year project for French engineering group Alstom to build an above-ground urban metro line in Baghdad will cost US$1.5 billion and be funded by the French government and banks, Iraqi officials said.

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Housing sector in Egypt faces 'lost year'

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Housing projects in Egypt could see delays in delivery to clients and even face cancellations due to impact of the recent revolution in Egypt, according to a report by Jones Lang LaSalle.

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Dubai to finance new road infrastructure projects

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Dubai has hired four local and international banks to raise US$800mn by securitising Salik road toll receipts and will use the proceeds to fund infrastructure projects according to a recent government statement.

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OMICRON testing technology for the world's tallest building

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Omicron technology is used to test the partial discharge of power supply to the Burj Khalifa tower.

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Saudi construction sector surges in Q1

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Saudi Arabia's construction sector recorded a big leap in Q1, with the value of contracts awarded by the government rocketing by more than five times over the same period of last year.

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