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Keywords: Construction Industry
The fall of the former Chinese real estate giant takes a new judicial turn. Xu Jiayin, founder of Evergrande, has been sentenced to life in prison, while the group and its real estate branch face heavy financial penalties. The Chinese judiciary has delivered its verdict in one of the most emblematic......
Portugal’s tightening migration policies are creating uncertainty for the construction industry, with companies warning that restrictions on foreign workers could worsen labor shortages at a time when the country urgently needs more housing. The construction sector has relied heavily on migrant......
The construction sector in Morocco is set to benefit from a new strategic cooperation aimed at bridging the gap between professional training and industry requirements. The Office of Vocational Training and Employment Promotion (OFPPT) and the Travaux Généraux de Construction de Casablanca......
A new professional body representing civil engineers has officially been established in Morocco, marking a structured effort to better organize and coordinate stakeholders across the country’s rapidly evolving construction sector. The National Association of Civil Engineers (ANIC) was founded......
French construction materials group Saint-Gobain has agreed to sell its specialist distribution business in Scandinavia to Finnish retailer Kesko in a deal valued at approximately $1.7 billion, marking a significant portfolio restructuring move for the company. The transaction involves the Dahl-branded......
Dangote Cement Plc is in early discussions regarding a possible secondary listing on the London Stock Exchange, a move that could significantly expand its access to international investors and global capital markets. The Nigerian cement producer stated that the initiative remains at a preliminary stage......
India’s largest cement producer has reported stronger-than-expected quarterly earnings, supported by rising construction activity and favorable seasonal conditions. UltraTech Cement posted a 20.2% year-on-year increase in consolidated net profit for the fourth quarter, reaching approximately 29.83......
TGCC (Travaux Généraux de Construction de Casablanca) has signed an agreement to acquire a 60% controlling stake in STAM (Société de Travaux Agricoles Marocains), in a deal valued at MAD 4.3 billion ($430 million). The transaction includes STAM's 55% ownership of VIAS......
In a recent development that has sparked debate and concern, 'The Guardian' has turned its investigative lens towards Morocco's preparations for the upcoming FIFA World Cup, raising questions about worker safety and the nation's ability to host the prestigious event. The article,......