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Dubai set for grand opening of world’s largest observation wheelAin Dubai, the world’s largest and tallest observation wheel by Dubai Holding, has lined up two days of family entertainment programmes and activities to mark its opening on October 21 at the spacious Ain Dubai Plaza. Standing at over 250 m, it is the ce More… |
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Al Ruwad puts spotlight on smart UAE real estate investmentsAl Ruwad Real Estate, a company specialised in real estate marketing and consultancy in Dubai, emphasised the importance of smart real estate investments in the UAE during an awareness-raising session organised virtually by the Innovation Experts Real Estate Institution (IEREI) recently More… |
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Saudi Arabia launches first offshore platform tourism projectSaudi Arabia's Public Investment Fund (PIF) has announced the launch of 'The Rig.', the world’s first tourism destination on offshore platforms. Inspired by offshore oil platforms, 'The Rig.' will be located in the Arabian Gulf and wi More… |
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Samana sells 80pc of Dubai luxury residential project unitsUAE-based Samana Developers has announced that 80 per cent of the units at its AED130 million ($35.3 million) Park Views project, located within the Arjan community in Dubai, have been sold out within four days of its launch. The wellness-featured design More… |
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AD Ports Group H1 revenue surges 21pc to $499mAD Ports Group, a leading global driver of trade and logistics in the UAE, has recorded a revenue of AED1.83 billion ($499 million) for the first half of the year, up 21 per cent compared to AED1.52 billion ($413 million) last year, mainly driven by organic growth, diversification into More… |
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Neom teams up with OceanX for deep sea expeditionSaudi Arabia's futuristic $500-billion city Neom has announced extensive findings from a joint mission with non-profit ocean exploration organisation, OceanX, following the most adventurous assessment of the northern Red Sea to date. The six-week exp More… |
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Global steel demand likely to return to pre-Covid level in 2021Global steel demand will grow by 4.5% in 2021 and reach 1,855.4 Mt after 0.1% growth in 2020, according to the World Steel Association (worldsteel). In 2022, steel demand will see a further increase of 2.2% to hit 1,896.4 Mt, stated worldsteel in its short-ran More… |
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Sodic signs $100m long-term syndicated facilityLeading real estate developer Sodic has signed a long-term syndicated facility worth EGP1.57 billion ($100 million) with Arab African International Bank (AAIB) and Banque Misr (BM) to finance its West Cairo flagship development Sodic West. The facility will be More… |
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Bloom names contractor for 181-unit Abu Dhabi projectLeading UAE developer Bloom Holding has appointed Emirates Link Maltauro as the main contractor for its 181-unit project, Aldhay, featuring two-, three-, four- and five-bedroom townhouses within its masterplanned community, Bloom Gardens, in Abu Dhabi. Located More… |
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Sakan seals $432m deal to build 5,000 new homes in RiyadhSaudi Arabia's National Developmental Housing Corporation (Sakan) has signed an agreement worth SR1.62 billion ($432 million) with Al Birr Charitable Society to build 5,000 new homes for the needy families in the Riyadh region. The agreement aims to provid More… |
