Q. What can UAE construction firms gain by adopting digital technologies in day-to-day operations? The short answer is improved efficiency in every aspect of a construction project. Efficiency in time and money. Today, digitising has become cheap enough to be integrated in daily activities. Most project owners today are blind to mistakes happening every day
A Dubai-based investment bank has allocated $1 billion to finance active construction projects across the Middle East and Africa. Under a memorandum of understanding with ABiQ Business Intelligence (ABiQ), Global Islamic Financial Services Firm (GIFS) is planning to provide financing and investment for infrastructure projects, government projects and private equity deals. The agreement will see
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Tuesday issued a new decree to update the way the emirate deals with unfinished and cancelled real estate projects. Sheikh Mohammed, also Vice President and Prime Minister of the UAE, issued the decree in relation to the Special Tribunal for Liquidation of Cancelled Real Property Projects.
The United States is back on track to complete the main construction on its Expo pavilion in two months after getting $60 million (Dh220 million) funding from the UAE. The project was temporarily derailed due to financial constraints. John Rakolta Jr, the US ambassador to the UAE, said in an online media briefing on Tuesday
