Monday 20 August 2018

Dubai Properties to offset 1,450T of CO2 annually

Dubai Properties, a member of Dubai Holding, has completed the instalment of energy-saving systems in its communities that will offset an estimated 1,450 tonnes of carbon dioxide (CO2) emissions annually. The master developer enlisted Honeywell, the Fortune 100 software-industria


Oman's Khazaen city to feature modern vegetables market

Khazaen Economic City (KEC), the master developer of the first integrated economic city in northern Oman, has announced plans to build a state-of-the-art central fruits and vegetables market on a 430,000-sq-m area in the new city, said a report. Khazaen Central Fruits & Veget


Azizi's Dubai waterfront project 20pc completed

Azizi Developments, one of the leading private developers in the UAE, has announced a major construction milestone for Azizi Riviera, its flagship Dh12-billion ($3.26 billion) waterfront community project located at Meydan One in Dubai. The construction work on Azizi Riviera, whi


Mena 'nuke plans stalled as challenges surface'

The region is not fully equipped with the right knowledge and expertise to undertake full operation of nuclear plants - signified by delays in commissioning the Barakah nuclear plant in the UAE, said a new report from Arab Petroleum Investments Corporation (Apicorp). Dependence o


Eight global firms vie for giant Muscat water project

Eight leading international water project developers have been prequalified by Oman Power and Water Procurement Company (OPWP) to build Oman's biggest greenfield water desalination project in the Ghubrah area of the capital, said a report. With a capacity of 300,000 cu m per


Dubai builders 'focusing on smaller, efficient homes'

Dubai has built its fame developing some of the tallest, largest, and most magnificent construction projects in the world. Recognised globally as a luxury destination, the emirate might have a surprise in store, said an expert. Dubai is now focusing on building more compact and e


Abu Dhabi replaces 4,096 speed control panels in record time

The Abu Dhabi City Municipality has announced that it has completed replacing more than 4,000 speed control panels in Abu Dhabi roads in a record time with the able support of Abu Dhabi Police. The project comes as part of the new law which has abolished the speed buffer system e


KFED 'provided funding for 1,364 projects in 2017'

Khalifa Fund for Enterprise Development (KFED) said the number of projects funded by the UAE-based group rose to 1,364  last year, of which around 27 per cent were industrial projects. Since its establishment in 2007, the fund has been providing financial and moral support t


Top Kuwaiti developer NREC's operating revenue up 46pc

Kuwait-based National Real Estate Company (NREC), a leading real estate developer with a major presence in the region, said its total operating revenue surged to KD14.02 million ($46 million) for the first half up 46.05 per cent over the same period last year. Announcing the resu


Emaar Development net profit surges 68pc to $496m

UAE-based Emaar Development has reported a net profit of Dh1.82 billion ($496 million) for the first six months of 2018, up 68 per cent compared to Dh1.08 billion ($294 million) for the same period last year.   A build-to-sell property development business majority-owned by D

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