Thursday 21 February 2019

Al Seef Dubai vies for top global design awards

Al Seef, a modern touristic destination in Dubai that offers retail, dining, and hospitality experiences by top international architect 10 Design, has been shortlisted as one of the four finalists at Mipim Awards 2019 in the Best Mixed Use Development awards category. 10 Design i


Saudi Arabia launches $589m airport expansion work

The Saudi General Authority of Civil Aviation (Gaca) has officially launched work on two international terminals at the King Khalid International Airport at an investment of SR2.21 billion ($589 million). This is part of the Riyadh Development Projects, which was launched by Saud


Flatiron named apparent low bidder on San Bernardino County rail project

Flatiron Construction Corp., one of the largest infrastructure contractors in North America, has been named apparent low bidder on the Redlands Passenger Rail project in San Bernardino County, California. The nine-mile new rail construction, valued at more than $154 million, is a


Meraas unveils new residential neighbourhood in Dubai

UAE-based Meraas has unveiled its plans for Central Park at City Walk, a new exclusive residential neighbourhood which will surround a 40,000 sq m private park in the heart of Dubai. A Dubai-based conglomerate, Meraas aims to enhance the emirate’s cityscape with a human-cen


Dubai deploys robots to clean metro stations

Dubai’s Roads and Transport Authority (RTA) has embarked on using robots to clean metro stations as part of efforts to introduce new techniques driven by artificial intelligence technology. The step is in line with RTA’s efforts to support the UAE Artificial Intellige


Alstom to unveil latest technologies at Middle East Rail

Alstom, a global leader in power generation and rail infrastructure sector, will be showcasing its breakthrough technologies that address the evolving mobility needs of both the operators and passengers, at the upcoming Middle East Rail 2019 expo. The largest and most established


UAE mulls Fujairah-Mumbai subsea tunnel project

The UAE’s National Advisor Bureau, a consultancy firm based in Masdar city in Abu Dhabi, has announced its latest futuristic project - The Fujairah-Mumbai Subsea Tunnel Project. It aims to connect the UAE and other GCC countries for the first time with Mumbai, India, via a subsea


DIRC residential project set for December completion

Dubai Investments Real Estate Company (DIRC), a subsidiary of leading diversified investment company Dubai Investments, has announced that 25 per cent of the work has been completed at its new residential tower coming up within the 38,917-sq-ft Al Barsha 1 development. Situated w


Senaat, Spanish group in deal to set up tubular products JV

Senaat, one of the largest industrial investment holding companies in the UAE, said it has agreed the terms of a joint venture with Tubacex, a global leader in the manufacture of stainless steel and high-alloyed tubular products (tubes and accessories).   Senaat


ENBD REIT announces share buy-back programme

ENBD REIT (CEIC), a shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management, has announced that it will introduce a share buy-back programme, as part of its strategy to add value to shareholders holding equity at the current discounted share price level.

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