Infrastructure Sector

U.S. homebuilders' confidence remains stable during May

The latest National Association of Home Builders/Wells Fargo builder sentiment index, which was releasedon Monday, showed that the U. S. homebuilders' confidence remained stable during the month of May.

The stability of the index indicated that there is optimism in the market for the new home market even as the pace of sale of houses slowed in the country. The National Association of Home Builders/Wells Fargo builder sentiment index remained at the level of 58 during the month of May. The index has remained in low 60s for eight months until February.

Noe Valley Sinkhole Repair Under Progress; Muni Line Affected

Noe Valley Sinkhole Repair Under Progress; Muni Line AffectedOfficials said on Thursday morning that the sinkhole that's three foot wide and equally long and about ten feet deep caused by a sewer pipe that busted stopped a certain part of J-Church Muni line in San Francisco.

The Muni line is facing blockade at 24th and Church streets due to the sinkhole said the San Francisco Municipal Transportation Agency.

Get Industrial and Infrastructure Projects off the Ground, CBI Demands

infrastructure-projectsBusiness leaders have requested the government to remove the delays imposed on infrastructure projects. Government has requested to support the business leaders to get schemes off the ground.

Al Jaber Group gets oil deal worth Dh205 mn

Al-Jaber-GroupThe Abu Dhabi Municipality has given a deal worth Dh205 million to Baniyas Investment and Development Company (BID) and is going to be related to the oil business.

The contract is for setting up of an infrastructure for the Bawabat Al Sharq project and the same is going to be executed in three phases.

Depa acquires UAE based marble firm Carrara

Depa acquires UAE based marble firm CarraraDepa Ltd, one of the prominent interiors contractor based in Dubai, has announced to acquire UAE-based stone producer Carrara Mid East Industrial Co in line with its policies to expand its business by tapping new opportunities available in the international market.

GCC contracts record 11.4% growth in 2009

In an apparent indication of signs of recovery in the global economy, GCC registered 11.4 per cent rise in the construction projects.

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