Real estate

May 18, 2017


SA Trade Department Launches Upgraded Mthatha Industrial Parks

The Department of Trade and Industry (dti) has launched the new upgraded Vulindlela Heights Industrial Park in Mthatha, Eastern Cape.
Speaking at the launch, Deputy Director-General (DDG) of Special Economic Zones and Economic Transformation at the dti, Sipho Zikode, said radical economic transformation has received a boost with the revitalisation of the industrial park.

The DDG said radical economic transformation starts when government provides"...

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May 17, 2017


Qalaa Holdings completes US$60 million-deal to sell ASEC Ciment Algerie

Qalaa Holdings has announced that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have completed the sale of 100% of ASEC Ciment Algerie, ‘AACC’, to an Algerian investor at a deal estimated at US$60 million, World reported.

The Sellers are currently complying"...

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May 15, 2017


Kennedy Wilson Announces Sale of 130,000 Sq Ft Office Building to J.P. Morgan as First Occupier at Its Capital Dock Development 

Global real estate investment company Kennedy Wilson (NYSE:KW), in a joint venture with Fairfax Financial Holdings Limited and the National Asset Management Agency (‘NAMA’) today announces that J.P. Morgan Bank (Ireland) plc (‘J.P. Morgan’) is to become the first major occupier to commit to the highly-sought after Capital Dock campus development through a forward-funding sale agreement.

Extending over 4.8 acres, Capital Dock"...

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May 13, 2017


Festival City's IMAGINE Show with Panasonic Projectors Receives Second Guinness World Record 

(ME NewsWire)-- Guinness World Records recognized IMAGINE, the latest multimedia attraction in Dubai, for the World's Largest Permanent Projection Mapping after a three-month successful run, using over 60 Panasonic projectors covering approximately 4,857 square meter of projection area on the facade of InterContinental Dubai Festival City.

[Video] Projection Mapping with Panasonic Projector - Dubai"...

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May 11, 2017


 RSG International & Rotana announce second collaboration to launch a new 4-star hotel in Dubai 

RSG International, UAE-based business group with interests in the property development, automotive and industrial equipment sectors, signed a management agreement with Rotana, one of the leading hotel management companies in the region with the hotels across the Middle East, Africa and Turkey, for a new 4-star hotel in Dubai, at a prime location on Sheikh Zayed Road, Jebel Ali Central, next to UAE Exchange Metro Station.


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May 10, 2017


S African builder Murray & Roberts to quit Middle East

Murray & Roberts, a leading South Africa-based construction, engineering and mining contractor, is set to quit its Middle East operations after failing to sell them during its disposal of infrastructure and building business, said a report.

But the shutdown of those operations is expected to affect the construction firm’s full-year results negatively, reported Business Day.

The company sold the infrastructure and building business to a consortium led by the Southern Palace Group for R314"...

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May 9, 2017


Housing Bank Algeria Selects Infosys Finacle to Power its Operations

The Housing Bank, one of the most respected banks in the Middle East, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), announced the selection of the Finacle suite of solutions to power the bank's operations in Algeria. The bank has chosen to deploy the Finacle core banking, trade finance and internet banking solutions and will also deploy the Finacle Islamic Banking solution for its Shariah banking product. The Finacle"...

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May 9, 2017


Azizi Developments Unveils its First Residence in Downtown Jebel Ali: Azizi Aura

Azizi Developments, the fast growing and award-winning Dubai real estate developer, announced the incredible sales results for Azizi Aura, its first project in Downtown Jebel Ali. The developer has sold 57 per cent of the residential apartments before its official launch, which will take place on May 13th at the Murjaan Ballroom within Madinat Jumeirah’s Conference and Events Centre from 10 AM to 10 PM.


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April 26, 2017


SAA eyes more African inc'l 5th Freedom routes

Given the success it has seen at its West African hub in Accra, Ghana, South African Airways (SA, Johannesburg O.R. Tambo) is seeking to expand its 5th Freedom business model to include more destinations across Africa. The Star Alliance carrier began operations out of the Ghanaian capital to each of Abidjan and Washington Dulles in August 2015 by virtue of the country's liberal policy of awarding foreign carriers 5th Freedom traffic rights. Similar rights have since been secured from the Gabonese and Cameroonian governments paving the way for the launch of a 3x weekly Johannesburg O.R. Tambo-Libreville-Douala-Libreville-Johannesburg service. As such, the carrier's acting General Manager (Commercial), Aaron Munetsi, told African Aerospace earlier this year that as part of SAA's renewed focus on developing its continental African market access, it is now looking to expand the......

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April 25, 2017


Tebboune: National housing integration rate exceeds 85%

Minister of Housing, Urban Planning and the City, Interim Trade Ministry Abdelmadjid Tebboune affirmed Sunday in Algiers that the national integration rate of housing currently exceeded 85%, stressing that the strict measures taken by his services, requiring builders to use locally produced building materials, have saved the public treasury USD$1.4 billion in 2016.


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