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Tag Archives: construction

Malaysia’s Eversendai gets worth RM269mil construction project in Qatar

KUALA LUMPUR: Malaysia’s Eversendai Corporation Bhd subsidiary in Qatar has clinched a new project worth RM269.2mil for the construction of the Al Wahda Arches and Visitors’ Centre in Doha. The specialist engineering and construction services company said it was the only pre-qualified firm from the Middle East that was involved in the international bidding for the project. The other competitors ... Read More »

UK building firms PMI rises from 59.1 in January to 60.1 in February

DUBLIN: Building firms performed strongly in February, ending the slowdown that hit the construction sector at the end of last year. However, economists say growth in the sector is likely to cool later this year. The Markit/CIPS Construction PMI rose from 59.1 in January to 60.1 in February, continuing the return to fast growth seen from the beginning of this ... Read More »

Lira losses against US dollar hit Turkey’s construction sector with $6 billion extra debt in 2.5 years

ANKARA: Turkey’s construction sector has shouldered around 15 billion Turkish Liras ($6 billion) of extra debt over the last 2.5 years due to the lira’s losses against the US dollar. The lira’s loss in value over the last two-and-a-half years has hit a number of sectors, causing their debt burdens to increase, including the construction sector. The lira was around 1.79 ... Read More »

FDI inflow into Pakistan enables govt to repay $1009.6 million loans

ISLAMABAD: The inflow of foreign direct investment (FDI) into Pakistan is on the rise and the country received $2640.9 million FDI last year. The increased amount of FDI enabled the government to pay $1009.6 million to the foreign countries during the fiscal year 2013-14. FDI is direct investment abroad where the investors have a complete control over their capital. There ... Read More »

Opponents flayed: 3,600MW Kalabagh Dam can lift industrial output to $5-6b, agriculture to $10b per annum

LAHROE: The construction of 3,600MW Kalabagh Dam, upon completion, will not only to help eliminate power loadshedding but will increase industrial output by $5-6 billion a year, while its contribution to value addition in agricultural output could go up to $10 billion a year. The KBD has also the potential to single-handedly wipe out rural poverty in Pakistan. Lahore Chamber ... Read More »

Chinese delegation visits ICCI, shows interest in energy, construction projects

ISLAMABAD: A 16 member business delegation led by Yang Hui, Deputy Director General, Department of Commerce of Yunnan Province of China visited Islamabad Chamber of Commerce & Industry and showed interest to invest in Pakistan with particular focus on hydro energy and construction sectors. The delegation was representing hydropower, engineering, construction, roads & bridges & export credit insurance etc. Addressing ... Read More »

Ambitious targets: KPRA collection increased by 300pc

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) is committed to executing the provincial government directives for broaden the base of sales tax on services in the province as the authority has already registered a 300 percent increase in the collection of Sales Tax on service in the last financial year. It is to be noted that the KPRA has been ... Read More »