Tuesday 27 February 2024

BSBG unveils design for Phase Two of DMCC Uptown project

Brewer Smith Brewer Group (BSBG), a renowned global architecture group, has unveiled the designs for two new towers as part of Phase Two of Uptown project being developed in collaboration with Dubai Multi Commodities Centre (DMCC).   The BSBG +studio d


Arcapita, Rikaz to build top-class logistics park in Riyadh

Arcapita Group Holdings Limited, a global alternative asset manager, has announced a strategic collaboration with Rikaz, a prominent large-scale real estate developer in Saudi Arabia, for the development of a top-class logistics park - The Node - in capital Riyadh, which is designed to meet t


Raffles joins hands with NEOM to develop new Trojena resort

Raffles Hotels & Resorts, a leading luxury brand of Accor, has announced plans to launch its new resort in Trojena, the year-round mountain destination located in northwestern Saudi Arabia, in collaboration with NEOM, the developer of a new Saudi futuristic city.  


Binghatti Holding set to launch debut US dollar sukuk

Binghatti, a leading Emirati property development company headquartered in Dubai, is preparing to launch its inaugural US dollar sukuk in the coming days, subject to market condition. This will highlight the company's strategic move towards diversifying its funding base. &nbs


Italian multinational Mapei buys top Saudi waterproofing company

Mapei Group, a leading Italian multinational manufacturer of chemical products for use in the building industry, has announced the successful acquisition of Bitumat, a leading manufacturer of waterproofing solutions in the Kingdom of Saudi Arabia (KSA).   


RSG achieves super 5G mobile internet speeds at Red Sea resort

Red Sea Global (RSG), the developer of the world-renowned destinations of The Red Sea and Amaala, has announced 'remarkable mobile internet speeds at its flagship destination,' in a bid to provide an exceptional experience for guests.   According to an i


Global developer Mered opens HQ in Dubai Internet City

Mered, an international real estate developer, has announced the opening of its new HQ in the heart of Dubai Internet City. It boasts a design concept by Pininfarina that blends the natural world with the sophistication of the Italian architecture and craftsmanship. &nb


Eidesvik to build first methanol-powered vessel for subsea

Norwegian shipowner Eidesvik Offshore has joined forces with Agalas to build a state-of-the-art Construction Support Vessel (CSV) to perform subsea and offshore wind operations.    Equipped with methanol engines and a battery hybrid system the vessel will b


Majid Al Futtaim awards contract for $817m Elysian Mansions project

Majid Al Futtaim Development has signed up Innovo Build, the design and construction arm of Innovo Group, as the main contractor for its AED1.13 billion ($817 million) Elysian Mansions project within Tilal Al Ghaf community in Dubai.    Headquartere


Deira’s Old Municipal Street is now a pedestrian tourist corridor

The Old Municipal Street in Deira has transformed into a bustling commercial pedestrian tourist pass from a traditional thoroughfare, on completion of a reconstruction project by Dubai Municipality that carried out a comprehensive overhaul. The initiative was aimed at enriching the exp

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