EFS Facilities Services Secures Managing Agent Contract with Tatweer Buildings Company (TBC)
March 24, 2019
EFS Facilities Services has been awarded the contract as the Managing Agent for facilities management services with Tatweer Buildings Company (TBC) for 2714 schools across the Western Region in Saudi Arabia, Jeddah, Mekkah and Medinah for a period of three years.
This project win solidifies EFS’s position as a managing agent by providing subject matter expertise and aligning to industry best practices, streamlining service delivery, and continuous"...
Dubai’s Construction Giant Reign Holdings Scoops Major Real Estate Award
March 20, 2019
(AETOS Wire) -- Reign Holdings Group Chairman Samir Salya is celebrating after the global firm scooped a major international business award.
His multi-billion-pound construction company has been named as one of the Top Real Estate Companies in the Middle East by Forbes Magazine.
Mr. Salya was presented with the award at a glittering"...
BAI Announces Its 2019 Global Innovation Awards are Open for Submissions
March 15, 2019
(AETOS Wire)-- BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, announced today the BAI Global Innovation Awards are now open for submissions. Nominations will be accepted through Friday, April 26, 2019. Winners and finalists will be announced this summer. Each year, hundreds of financial institutions from around the world submit nominations to achieve recognition from the BAI Global Innovation Awards. The program is a year-round community and content platform that recognizes the industry’s most innovative products, services, business processes and organizations worldwide. Now in its ninth year, past winners include Fifth Third Bank, USAA, CaxiaBank, Emirates NBD, Ping An Technology, Nusenda Credit Union and more. The nomination form is available at BAIGlobalInnovations.com. The 2019 award categories are: Best......
American Homebuilders of West Africa signs agreement with Guinea government to build 4,000 homes
March 4, 2019
American Homebuilders of West Africa (AHWA) and the Guinea Ministry of Housing and Urban Development have signed a $207 million convention agreement targeting construction of 4000 homes in the Republic of Guinea.
The current production of housing in Guinea is well below the level required to address the needs of the population. To fill this gap, the Government of Guinea has stated that providing adequate housing to the greatest number of Guineans"...
GST Council Cuts Rate On Under Construction Flats to 5%
February 28, 2019
In a big relief to home buyers, the GST Council on Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. The Council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent and expanded the scope of affordable housing to those costing up to Rs. 45 lakh and measuring 60 sq metre in metros and 90 sq metre in non-metro cities.
The new tax rates will come into effect from April"...
Housing Fund Intends to Establish Model Villages in the States
February 26, 2019
Khartoum – The National Fund for Housing and Reconstruction plans to establish pilot villages in areas affected by floods and natural disasters in the states, where the fund announced a plan to build 1,000 housing units in Al-Matama Locality, Nile River State.
Secretary General of the National Fund for Housing and Reconstruction, Dr. Gholamuddin Osman stressed the fund’s interest in supporting those affected by natural disasters in coordination with the concerned states and bodies..
During his visit"...
Egypt to build Africa’s tallest tower in new capital – minister
February 25, 2019
Cairo: Egypt’s Housing Minister Assem al-Gazzar said works started on installing the reinforced concrete for the foundations of administrative tower C02, or the ‘Iconic Tower’, in the New Administrative Capital’s Central Business District, set to be the tallest tower in Africa.
The concrete foundations of the skyscraper are currently at 50 meters high, Gazzar said in a press statement on Friday. Construction of the rest of"...