Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Ajman records US$1.01 billion in construction contracts in H1 2023

The department leads the Arab world in terms of the fastest issuance of construction licenses.
  • The department said the contracts' value rose from the last two years, noting that in 2021 it was $517 million, and in 2022 it reached $571 million
  • The emirate provides conducive environment for investment projects, and attracts tourists and visitors from both inside and outside the country

Ajman, UAE— The value of construction contracts in the emirate has exceeded $1.01 billion during the first half of 2023, in line with its strategic goal to achieve the sustainable development of the construction and contracting sector, according to the Ajman Municipality and Planning Department.

Abdul Rahman Mohammed Al Nuaimi, Director-General of the Department, said that the contracts’ value increased from the previous two years, noting that in 2021, it was $517 million, and last year, it reached $571 million.

Ajman is a city that provides a happy life and well-being for its people, supports entrepreneurs through a conducive environment for their investment projects, and attracts tourists and visitors from both inside and outside the country as a sustainable emirate and integrated city, he added.

He then attributed the high levels of satisfaction and happiness in Ajman and its steady commitment to stability and successful project launches to the variety of its facilities and the quality of services it offers.

Eng. Khalifa Abdullah Al Falasi, Director of the Buildings Department at the Department, said the value of construction contracts increased by 72 percent compared to last year, commending the department’s ambitious plans and innovative initiatives to provide excellent services related to construction permits, speed up service delivery, and enhance the emirate’s global competitiveness.

The department leads the Arab world in terms of the fastest issuance of construction licenses due to its digital transformation efforts that ensure high accuracy and efficiency in transactions.