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Aldar s development sales touch Dhs9 3bn in first nine months of 2022

The group announced a net profit of 2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth

MEED | Sodic offers to acquire Madinet Nasr

Egypt In-Focus — PMI sees its biggest slump in 2 years; trade balance deficit falls by 53%

CAIRO: Sharply rising prices and currency devaluation have resulted in Egypt’s non-oil private sector’s biggest drop in two years in June. Additionally, the country’s trade balance deficit fell by 53 percent during April. Egypt’s non-oil private sector Egypt’s non-oil private sector has seen its biggest drop in two years during the month of June, in the face of sharply rising

MEED | A new approach to project delivery

With tighter fiscal spending and narrowing liquidity in the GCC, projects market is under increasing pressure to optimise resources and drive more efficiency in the delivery model. The biggest opportunity to increase project value is to transform the way that projects in the region are procured in order to reduce time and cost overruns. “We understand that the traditional methods of procuring and delivering projects has not been working as optimally as it should be,” says Raymond Hector, Director – Commercial Contracts, Procurement at Abu Dhabi-based Aldar Properties. Speaking at the Collaborative Contracting webinar hosted by SNC-Lavalin in partnership with MEED, Hector says that the scale of projects in the region often makes them susceptible to design changes during the construction process.

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