New York Times Feed

    REAL ESTATE

    Savage Saudi Arabia to Provide One of the First Industrial Rail Switching Operations in the Kingdom of Saudi Arabia at Saudi Aramco’s Natural Gas Plants June 27, 2017

    (ME NewsWire)-- Savage Saudi Arabia (Savage) has entered into an agreement with Saudi Aramco, the world’s top exporter of crude oil and natural gas liquids, to operate one of the first industrial rail switching facilities in the Kingdom of Saudi Arabia. The rail operations will support Saudi Aramco’s Wasit and Berri natural gas plants, located near the Jubail area in the Eastern Province of Saudi Arabia.

    “We’re"...

    Continue Reading >
    Housing developers ‘shocked’ by GAM endorsement of building by-law June 25, 2017

    Housing investors have protested the Greater Amman Municipality’s (GAM) endorsement of the 2017 building by-law before the conclusion of discussions of draft provisions.

    Zuhair Omari, president of the Jordan Housing Developers Association (JHDA), said negotiations which started earlier this month have considered investors’ demands on 20 provisions that regulate matters related to “objects, not humans”.

    Meanwhile,"...

    Continue Reading >
    Jordan sees increase in construction licenses in first four monthsJune 22, 2017

    The number of construction licences issued in the first four months of 2017 was 15.8 per cent higher than that of the same period last year, according to a statement by the Department of Statistics (DoS).

    A total of 13,118 licenses were issued in the January-April period up from 11,325 in the same period last year, the DoS said.

    In"...

    Continue Reading >
    Crystal Lagoons eyes Jordan real estate projects June 21, 2017

    Crystal Lagoons, a multinational water innovation company, is in discussion with several prominent real estate developers in Jordan in a bid to increase the number of crystal-clear lagoons in the country’s Aqaba and Dead Sea areas.

    The cutting-edge technology is already making a huge impact in the Middle East and Africa, including the multi-million-dollar project located in the Al-Rama area of Jordan, just 30 minutes from Amman at the Lagoon Hotel and Resort, the 13 signed developments in Egypt, two in"...

    Continue Reading >
    Housing developers appeal to government to 'rescue' sector June 13, 2017

    The Jordan Housing Developers Association (JHDA) is urging the government to swiftly intervene to “rescue” the housing sector, which it says is going through “huge financial difficulties” that might affect the national economy, according to a concerned source.

    In a letter directed to Prime Minister Hani Mulki late last week, the association urged"...

    Continue Reading >
    Housing developers appeal to government to ‘rescue’ sector June 12, 2017

    The Jordan Housing Developers Association (JHDA) is urging the government to swiftly intervene to “rescue” the housing sector, which it says is going through “huge financial difficulties” that might affect the national economy, according to a concerned source.

    In a letter directed to Prime Minister Hani Mulki late last week, the association urged the government to provide the sector with a number of incentives in order to"...

    Continue Reading >
    West Elm Partners with Signature Development Group and Jordan Real Estate Investments for New Hotel in Oakland, California June 8, 2017

    Today West Elm announced Oakland, California as the newest location for its West Elm HOTELS portfolio. With a shared focus on designing to impact, West Elm HOTELS is teaming up with Signature Development Group and Jordan Real Estate Investments to develop the hotel expected to open in 2020. Signature Development’s extensive experience with residential and commercial projects throughout the Bay Area complement West Elm’s consumer and marketing expertise to bring a unique hospitality experience to Oakland’s"...

    Continue Reading >
    GAM to float BRT tender for overpass at Sahafeh tunnel June 6, 2017

    Construction work on an overpass at the Sahafeh tunnel on Queen Rania Street will begin in July, under the Bus Rapid Transit (BRT) project, a municipal official said on Monday.

    The overpass will be for dedicated use of the BRT, the project’s director Riyad Kharabsheh said, noting that two stations will also be established under this phase.

    “In addition to"...

    Continue Reading >
    The First Group’s New Dedicated Food & Beverage Division to Bring Innovative Dining Concepts to DubaiJune 5, 2017

    The First Group has launched a dedicated F&B business that will introduce new and established restaurant brands to Dubai, some of which will be global firsts.

    In a move that marks significant expansion for the Dubai-based property development firm, the new division will fill the gap in the market for affordable lifestyle-driven dining concepts, as demand in the midscale and upscale hospitality"...

    Continue Reading >
    Friends Provident International invests in Munich Re’s ALLFINANZ digital new business solution to streamline policy application and improve customer serviceMay 30, 2017

    (ME NewsWire)-- Munich Re Automation Solutions Ltd., the leading provider of new business underwriting solutions to the life insurance industry, today announced that Friends Provident International (FPI) has become the latest international life insurance provider to implement the ALLFINANZ Interview Server solution. The automated underwriting platform will enable FPI to streamline the policy application process, accelerate customer acquisition and improve customer service.

    ...

    Continue Reading >