The Times (UK) reports“Nakheel, the government-owned developer of Dubai’s man-made palm islands, has cut 500 jobs, or 15 per cent of its workforce, as it scales back projects amid the global financial crisis. “We have the responsibility to adjust our short-term business plans to accommodate the current global environment,” it | Read More
By Jennifer Heldt Powell of the Boston Herald reports “Landscape architect David Warner has been reading some alarming headlines. Towns all over the country are cutting back on school building projects or nixing them altogether. That could be really bad news for a firm that does a lot of work | Read More
Louise Armitstead reports on Dubai and the Financial Crisis “Mohammed Ali Alabbar, a member of Dubai’s executive council and chairman of Emaar Properties, said the emirate’s borrowings amounted to $80bn against assets of about $350bn. He insisted: “The government can and will meet all its obligations.” ……..We’ve been seeing a | Read More
Times Online reports ”The crisis in the Spanish construction sector claimed another victim yesterday as the country’s fifth biggest property development company went into administration. Promociones Habitat said it had financial commitments of up to €2.3 billion (£1.93 billion).” [SOURCE: Spanish developer falls with €2.3bn debt – Times Online].
As The Big 5, the Middle East’s biggest trade fair for the building and construction sector, drew to a close on the 27 November 2008, the organisers reported in excess of 57,000 visitors over the five day event – a new record. “While these may be testing times as | Read More
Consulting (architecture, landscape, engineering) Firms across the global are starting to lay people off with some firms trying to hold out until after Christmas or New Year. In the USA firms reports from Seattle Times, Daily Journal of Commerce(Portland) report hard times for firms with some already laying off staff as many | Read More
Saudi Gazette reports“Emaar Middle East, the business subsidiary of Emaar Properties PJSC focused on various Middle East projects, has launched an advanced Enterprise Resource Planning (ERP) system to streamline project management and overall growth.” [SOURCE: Saudi Gazette – Emaar launches ERP system to optimize project management].
AMEInfo.com reports ”The Dubai government has indicated that it is looking at holding down the roll out of upcoming housing units to steady the emirate’s real estate market. The announcement comes as the authorities also denied that a rumoured merger between the city’s two biggest developers, Emaar and government-owned Nakheel | Read More
WSP Group USA has been ranked No. 1 on the authoritative ZweigWhite list of fastest-growing engineering, environmental and architecture firms for 2008. This award reflects the firm’s consistent growth and success at outperforming the economy and their competitors to become market leaders. WSP Group USA provides a broad range of | Read More
“North American design firm Stantec announced today it has offered to acquire Jacques Whitford, an environmental consulting services firm with more than 1,700 employees and 40 offices principally in Canada. The company’s trailing twelve month gross revenue is approximately C$230.0 million and net revenue is about C$170.0 million. “Jacques Whitford | Read More