Top Construction News

UDC's reports H1 profits of QR 241 million

United Development Company (UDC), one of Qatar's leading public shareholding companies, reported net profits of QR 241 million for the first half of 2008, a 90% increase on the comparative period of last year reported at QR 127 million. Press Release - 20Jul 14:23GMT
Arabtec Signs AED599M Deal With Emaar Properties

Arabtec construction LLC received a letter of acceptance amounting to AED 599 million from Emaar to design and construct 550 villas at Warsan Development in Dubai. Press Release - 20Jul 08:47GMT
Building materials price index introduced in Abu Dhabi

Abu Dhabi launched its first building materials price index, which it said is intended to eliminate widespread market manipulation and prevent possible disputes between project owners and contractors Emirates Business 24/7 - 20Jul 07:22GMT
Cap on cement supply fuels construction sector woes in Bahrain

The cement crisis brewing in Bahrain fed by restrictions imposed by traditional supplier, Saudi Arabia demonstrated the persistence of non-tariff barriers despite the efforts of the Gulf Co-operation Council (GCC) to implement a common market. Bahrain Tribune - 20Jul 07:20GMT
Prices of building materials record rising trend in UAE

The prices of building materials in UAE saw a rising trend in June, as iron and steel items went up 4-17 per cent while steel pipe rates rose by 19 per cent, a survey said. Khaleej Times - 20Jul 07:13GMT
Dubai's RTA given green light to award Al Khail contract

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has endorsed the awarding of phase two and phase three contract of Al Khail Road upgrading project at an estimated cost of Dh1.29 billion. Emirates Business 24/7 - 20Jul 07:12GMT
Steel Costs Keep Soaring In UAE

Prices of construction steel continue to soar consistently on month-to-month basis according to contractors and official records. Gulf News - 20Jul 06:03GMT
Al Ain central area to get facelift with construction of new flyover

Residents and visitors alike will shortly face a number of road diversions in the busy downtown area on Shaikh Zayed Bin Sultan I Street, as work progresses on a new flyover. Gulf News - 20Jul 05:57GMT
QNCC H1 profit up 49% at $69.2 million

(Arabic) Qatar National Cement Q2 profit rose 5% to $35.4 million. Al-Arabiya - 19Jul 09:11GMT
IFC Supports Expansion of Lebanese Butec Group

IFC, a member of the World Bank Group, today signed an agreement to support Butec Group S.A.L. Holding, one of Lebanon's leading construction companies. Press Release - 19Jul 07:57GMT

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Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Orascom Construction Industries	Egypt	16,178
2	Lafarge Ciments	Morocco	5,231
3	Holcim Liban	Lebanon	5,035
4	Saudi Cement Company	Saudi Arabia	2,973
5	Arabtec Holding	UAE	2,874
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