Month: September 2014

«Bahrain's Housing Ministry hands out contracts for Zallaq project today

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Reading time: < 1 MinuteUnder the patronage of King Hamad bin Isa Al Khalifa of Bahrain, and on behalf of His Highness Sheikh Abdullah bin Hamad Al Khalifa, the King’s Personal Representative, the Ministry of Housing is organizing a ceremony today to hand over occupancy contracts for housing units in the Zallaq Housing Project to 210 beneficiaries from the waiting lists in the Southern Governorate. The ceremony for the handover of housing unit occupancy contracts comes just a few days after … Read more

Real Estate Contributions Committee returns SAR 5.6 billion to 25,000 shareholders

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Reading time: 2 MinutesThe Real Estate Contributions Committee has completed the liquidation of 100 delinquent contributions, either through the direct sale of the properties involved in those contributions, through public auctions held by the Committee to sell the land associated with those contributions, or through settlements with the contribution holders, settling shareholders’ rights and submitting accounting reports following the completion of the liquidation of 100 contributions by the end of the first half of the current year, 2014. The Committee also completed the disbursement of … Read more

Bar: Receiving applications to deliver electricity to homes without deeds

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Reading time: < 1 MinuteDr. Osama bin Fadl Al-Bar, Secretary of the Holy City and Chairman of the Board of Directors of Al-Balad Al-Ameen Company, announced that the Secretariat has begun examining and studying all necessary arrangements; in preparation for accepting requests to connect electricity to residences whose owners do not possess legal title deeds, noting that the provision of services to these residences does not constitute proof of ownership, as stated in the circular issued by the Minister … Read more

23 cities undergoing thermal insulation system

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Reading time: < 1 MinuteRelevant government agencies continue to work on implementing thermal insulation measures in all buildings across the Kingdom, particularly residential buildings, given their significant impact on reducing household electricity consumption resulting from the continuous use of air conditioners during the summer, as well as heating systems during the winter. Specialists are working within a coordinated system through … Read more

«Ma'aden begins commercial operation of aluminum smelter

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Reading time: < 1 MinuteThe Saudi Arabian Mining Company (Ma'aden) announced yesterday the start of commercial operations at the aluminum smelter owned by Ma'aden Aluminum. The company said in a statement on Tadawul: The financial impact of the commencement of commercial production at the aluminum smelter will be reflected in the company’s financial results for the third quarter of fiscal year 2014. Ma’aden Aluminum is a joint venture between the Saudi Arabian Mining Company (Ma’aden) and … Read more

Manama International Airport Expansion Tender

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Reading time: 3 MinutesThe Ministry of Transportation in the Kingdom of Bahrain has invited contractors to bid on the expansion of Manama International Airport. The expansion includes the construction of a new passenger terminal, aircraft parking areas, and several other buildings, as well as civil and electrical works for the airport facilities. Construction Week magazine reported that the Bahraini Ministry of Transportation stated that the project will be financed by the Abu Dhabi Fund for Development. According to the fund’s website… Read more

80.% of major contracts for Qatar's new port completed

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Reading time: 2 MinutesQatari Minister of Transport Jassim Saif Ahmed Al-Sulaiti confirmed that work on the new port project is proceeding according to plan, noting that although some phases of the project were completed ahead of schedule—such as the laying of the final stone for the harbor basin wall— the project has not exceeded the allocated budget. He expressed his hope that the project would be completed in accordance with the vision of His … Read more

35 million dinars worth of construction subsidies distributed in Kuwait

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Reading time: < 1 MinuteThe Ministry of Commerce and Industry has granted approvals to eligible recipients for subsidized construction materials, in accordance with the new subsidy law, totaling approximately 34.65 million dinars. A source at the ministry said that central air conditioning continues to rank first in terms of value among all construction materials recently added to the list of subsidized building materials. He explained that the value of approvals granted to eligible citizens for central air conditioning amounted to … Read more

Real Estate Contributions Committee liquidates 100 contributions in 10 years

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Reading time: 2 MinutesA recent report by the Real Estate Contributions Committee detailed the liquidation of 100 distressed contributions since the committee began its work ten years ago, These investments were liquidated through the direct sale of their properties, through public auctions held by the committee to sell the land of these investments, or through settlements with the investment owner involving the restoration of shareholders’ rights and the submission of financial reports. The report stated … Read more

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