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Kuwait to enter Abu Dhabi projects.....
Mayadeen, a listed Kuwaiti shareholding company, has announced it has signed five major contracts for its Shams Abu Dhabi projects.
Emirates Technical Associates, Beijing Construction Engineering Group and Cansult Maunsell are among the five companies that are due to work on its Dari and Aurora projects.
Khalid Jassem Al-Wazzan, Mayadeen chairman, said that the contracts have been signed to show the scope of ambition from the company and its commitment to delivering the build to it the highest possible standard.
"This is a milestone in Mayadeen's journey to establishing itself as a key player in the property development industry across the region," he stated.
Naser Ali Al-Attar, Mayadeen chief executive officer, said that it wanted to work with these "distinguished institutions" in order to complete the project.
According to the firm, both of the projects will have two high-rise residential towers reaching more than 200 metres high while having one tower for commercial purposes.
Meanwhile, Colliers International last week announced the launch of its House Price Index for Dubai.
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