Arada has awarded a contract worth AED 604 million to Modern Building Contracting Company (MBCC) for the construction of the first phase of the Arada Central Business District (CBD). This new commercial hub is part of the AED 35 billion Aljada megaproject in Sharjah. Construction is set to begin immediately, with the completion and handover...
Arabian Construction Co. (ACC), based in Abu Dhabi, is contemplating an initial public offering (IPO) in the United Arab Emirates to take advantage of the country’s flourishing property market. The firm has reached out to banks to propose their roles in this potential share sale, which could generate several hundred million dollars, although no final...