AECOM Announces Contract with Abu Dhabi Tourism Development & Investment Company (TDIC) with Net Value Expected to Exceed $210 Million Through 2013

AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, today announced that it has signed a contract to provide development management services to Abu Dhabi’s Tourism Development & Investment Company (TDIC) for the Saadiyat Island Cultural District and other projects in the United Arab Emirates (UAE). Revenue from the development management contract is estimated to exceed $210 million through 2013.

AECOM: Press Release.

PI Insurance claims predicted to increase

As economic conditions worsen, LI members need to be aware that there is a risk of an increased number of complaints or insurance claims being brought against them by clients.

read more @ the SOURCE: Landscape Institute – PI Insurance claims predicted to increase.

Mega property projects in the Middle East could face funding problems | Middle East | News

Large scale finance and real estate projects in the Middle East, some of which were announced at Cityscape, will be vulnerable to the global credit crunch, according to a new report.

Read more @ the SOURCE: Propertywire.com – Mega property projects in the Middle East could face funding problems | Middle East | News.

U.S. Architects Hard Hit by Financial Crisis – Architectural Record

The plunging financial markets this month, followed by unprecedented responses from the federal government, have left many Americans bracing for a deep recession. In the architecture profession, however, the downturn has already arrived, according to a key measure of the market for architectural services.

Read more @ the SOURCE: Architectural Record – Architects Hard Hit by Financial Crisis

Government to boost Chinese property market

Facing a housing market lull which could drag China’s economy further in the backdrop of a worldwide financial crisis, Beijing is probing possibilities to loosen its macro control to activate the real estate sector.

As many as 18 Chinese cities, including Shanghai,Guangzhou,Hangzhou and Xi’an, have announced detailed policies to boost their property market, which have seen at least four months of consecutive drops in housing prices.

SOURCE: Chinadaily.com – Government to boost Chinese property market.

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