Italian construction company Astaldi and Germany's Max Bogl have been awarded an EUR 120 mln contract to modernise and expand capacity at the 'Lia Manoliu' stadium in Bucharest, Romania. Astaldi said that work on the project is slated to begin in the second quarter of 2007 and is expected to last for 20 months.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
