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Dear Members,
I would like to welcome you to our News Letter issues number 4. This issue include some focus on Africa because of the growing potentials in most of Africans markets. In addition to that, we included important news and reports about the region.
Best Regards,
Alaa Al-Fahoum
MIU Coordinator
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| Zimbabwe Mall To Attract Foreign Retailers |
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18 Oct 2011
News: A shopping complex in Harare, Zimbabwe, which is to be built with an investment of US$100mn, has a strong possibility of attracting foreign retailers to the city, reports the Herald newspaper. Retailers, including South Africa's Pick n Pay Stores (PIK) and Spar Group have already booked approximately 53% of the mall. The shopping complex, which will be the biggest in Africa outside of South Africa, will be known as the Mall of Zimbabwe. Construction operations for the mall, which are scheduled to begin in 2012, will take 16 months, according to Jason McCormick, managing director of McCormick Property Development, a company involved in the project.
Source: BMI | | |
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Guinea To Use Rio Tinto Settlement For Infrastructure Improvements
18 Oct 2011
News: The government of Guinea is to use US$700mn paid in compensation by UK mining company Rio Tinto for infrastructure improvements, reports Yahoo. The money was paid by Rio Tinto in the settlement of a dispute over the Simandou iron ore project. The figure is almost 75% of Guinea's annual budget. US$240mn will be spent on roads, electricity, health and education in FY 2011/2012. US$112mn will be invested in the power sector, with the rest kept in reserve. |
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Hoteliers still see potential in Dubai
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Hamad Medical Corporation In Hospital Construction Programme
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Oman on Song
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International Federation of Consulting Engineers
FIDIC News
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