FIFA World Cup 2022 will be held in Qatar as planned, says FIFA President Gianni Infantino
New FIFA president Gianni Infantino confirmed that the next two World Cups will take place safe in the knowledge there...
Construction
Dubai unveils plans for $8.2 billion 'Wholesale City'
Dubai has revealed plans for a AED30 billion ($8.2bn) ‘Wholesale City’ spanning over 51 million sqm. Dubai Wholesale City is...
Chinese builders sweeping Middle East construction market
Chinese construction companies are sweeping the Middle East market. According to Middle East Economic Digest (MEED), a market data provider,...
South Korea's Posco to build $1.6 billion steel mill in Iran
South Korean steelmaker POSCO said ay that it has signed an initial agreement to help build a $1.6 billion steel...
Egypt to start work on 200,000 new homes
Egypt's Ministry of Housing has begun awarding new residential projects to contractors under its ambitious Tahya Masr social housing scheme...
Egypt seeks $24 billion investment in power projects
Egypt is studying new energy pricing structures to facilitate private sector investment in power projects worth USD 70 billion that...
Japan to take part in Egyptian projects worth $18 billion
Japanese companies are set to take part in Egyptian projects worth about 2 trillion yen ($17.7 billion) in the electricity...
Saudi Arabia moves forward with megaprojects despite oil price fall
Currently grappling with the impact of low oil prices, Saudi Arabia announced a 2016 budget comprising spending cuts, subsidy overhauls,...
Iran to build "Formula 1 Circuit" on Qeshm Island
Iran plans to build a "Formula 1 circuit" on Qeshm Island, south of Iran. Mahmoud Seydanlou, the head of...
Italian firm ANAS carrying out Iranian road study
An Italian-Iranian road study agreement has now been signed. The Italian state-controlled road concession firm ANAS has a cooperation agreement...
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