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    Featured in Real Estate Retail
    Summary of weekly real estate transactions for the week ending 18 March 2021.

    Dubai: The real estate and properties transactions valued at 5.7 billion in total during the week ending 18 March 2021. The sum of transactions was 1,495. 104 plots were sold for AED 548.87 million, 900 apartments and villas were sold for AED 2.16 billion. The top three transactions were a land in Wadi Al Safa 3 sold for AED 41.16 million, followed by a land that was sold for AED 39.35 million in Al Thanayah Fourth, and a land sold for AED 41.16 million in Wadi Al Safa 3 in third place. Al Hebiah Fourth recorded the most transactions for this week by 22 sales transactions worth AED 78.68 million, followed by Nad Al Shiba Third with 20 sales transactions worth AED 51.07 million, and Nad Al Shiba First with 15 sales transactions worth AED 33 million in third place. The top three transfers for apartments and villas were an ......read more

    World's Largest Fountain to Launch at The Pointe

    Waterfront destination by Nakheel Malls to attempt a Guinness World Records™ title on 22 October   Dubai, UAE: 04 October 2020 – The Pointe, Dubai’s premier lifestyle and dining destination by Nakheel Malls, is gearing up to launch the world’s largest fountain. ‘The Palm Fountain’, Palm Jumeirah’s latest waterfront attraction, will attempt to break a Guinness World Records™ (GWR) title on Thursday, 22 October during its inaugural launch event, and the public is invited to witness the celebration.   Spread over 14,000 sqft of sea water, the fountain’s super shooter will stand tall at 105 metres and come alive with over 3,000 LED lights. The attraction is the only multicoloured fountain in Dubai and is a celebration of Dubai’s resurgence and ambition to aim ......read more

    Emirates Glass Emicool Sun T Series Leads Way as the Most Preferred Coating Option for Over a Decade

    - 3 projects across MEA worth AED 12 million being supplied with 165,000 sqm of Emicool Sun T Series - Coatings produced with the highest quality standards   Dubai, UAE, 6 August 2020:   Emirates Glass LLC, one of the leading processors of architectural flat glass in the Middle East and a subsidiary of Glass LLC, wholly owned by Dubai Investments PJSC, has announced exceptional performance by its Emicool Sun T Series, leading the way as the most preferred coating option for over a decade now.   The Company has announced winning three prestigious projects across the Middle East and Africa (MEA) region worth AED 12 Million, which are being supplied with 165,000 sqm of the EmiCool® Sun T series. Among the three projects, Emirates Glass provided 80,000 sqm of EmiCool® Sun NN40T glass for The ......read more

    Majid Al Futtaim's Elan Development Begins Construction Phase Following Noteworthy Buyer Response

    • The milestone follows the sale of 594 total units in phases one and two of Elan, representing a total sales value of AED 900 million.  • Move underscores Majid Al Futtaim’s enduring commitment to its customers’ investments. • Elan will be an exclusive gated community within the wider Tilal Al Ghaf development in Dubai   Dubai, UAE, 13 July 2020:  Majid Al Futtaim Communities has underlined the resilience of the UAE real estate market by holding a ground-breaking ceremony for their recently launched Elan neighbourhood at Tilal Al Ghaf on July 12. The move officially kicks off the construction phase of the development, moving the project one step closer to its planned delivery by December 2022. The milestone follows the sale of 594 total units in phases one and two of Elan, ......read more

    Rizwan Sajan, Founder and Chairman of Danube Group Says That Construction Sector in UAE Will Soon Get Back on Track Even After the Current Pandemic

    Dubai, United Arab Emirates, June 28, 2020:   Construction sector in the GCC countries will continue to thrive despite the temporary thaw in activities caused due to the unprecedented Covid-19 crisis that almost halted the global economic activities and triggered a panic reaction across the world. There are a number of realistic reasons for the optimistic outlook. First, more than a third of the region’s 54 million people are younger than 25 years of age. All of them are going to enter the productive phase in their lives – earning a decent living, getting married and raising a family within the next 3-5 years. They would look for housing facilities, be it an apartment or a villa, within this timeframe. In addition to the housing facilities, the governments will have to invest in infrastructure – roads ......read more

    SCCI Announces Completion of 15% of 10th Industrial Zone Development Project

    Sharjah, June 13, 2020: The Sharjah Chamber of Commerce & Industry, SCCI, has recently announced the completion of 15% of the infrastructure development project for the 10th industrial zone in Sharjah. The project is held under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah, and in collaboration with the Sharjah Department of Town Planning and Survey, Sharjah Roads and Transport Authority (SRTA), and Sharjah Electricity and Water Authority (SEWA). The project was launched last February with the aim of reconstructing the whole area, providing the best services to the people, promoting the Emirate’s competitiveness and developing its economic environment and its investment attractiveness and enhancing its sustainable development. The total ......read more

    SCAD Building Materials Price Report Construction Labour Costs and Diesel Price Record the Largest Annual and Monthly Falls in April 2020

    Dubai, United Arab Emirates, May 30, 2020:   The Statistics Centre – Abu Dhabi (SCAD), a Department of Government Support entity, has issued its monthly Building Materials Price Statistics (BMPS) report for April 2020. The report covers price movements across key building materials in April 2020 compared with March 2020 and April 2019.   April 2020 vs March 2020 In April 2020, the average prices of cement group increased by 0.9%, concrete by 0.1% compared with March 2020. During April 2020, the average cost of construction labour dropped by 20.5%. Diesel price dropped by 8.4%, and steel by 2.7% compared with March 2020.   April 2020 vs April 2019 In April 2020, the average prices of natural stone increased by 6.4%, wires for small building rose by 3% and stainless steel sinks with single ......read more

    SRTI Park Discusses Reality, Future of Research and Development in Arab Region

     SHARJAH, 20 May, 2020 - The Sharjah Open Innovation Council organised by the Sharjah Research, Technology and Innovation Park, SRTI Park, has launched the first series of remote sessions titled 'Horizons of Scientific Research and Knowledge – based Economy in the Arab World'. Moderated by Hussain Mohammed Al Mahmoudi, CEO of SRTI Park, the session hosted Dr. Rania A. Al Mashat, Minister of International Cooperation in Egypt, and Talal Abu-Ghazaleh, Chairman and Founder of the Jordan-based the Talal Abu-Ghazaleh Global. During the session, which was inaugurated by Al Mahmoudi, the reality and future of research and development in the Arab region were discussed. Al Mahmoudi underlined the pioneering role that Sharjah plays in supporting education, culture and scientific research in the Arab world through ......read more

    Dubai Investments Industrial Manufacturing Companies Continue Production Meeting Local Requirements

    Adhering to local regulations, companies continue to reinstate manufacturing sector’s key role in supporting the economy Dubai, UAE, April 26 2020:   With the manufacturing sector identified as a crucial industry and used as a means to achieve sustainable growth, Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, is committed to contributing to the UAE economy through this vital sector by continuing the ongoing production of raw materials across its industrial manufacturing subsidiaries in steel, aluminum, glass and other building materials. The functionality of the production lines are in line with maintaining and adhering to the regulations implemented by the government and in full commitment to protecting and safeguarding employees.  “Supporting ......read more

    UAE's Construction Sector Needs Standardised Contracts to Counter Delays and Cost Overruns

    • UAE construction sector significantly impacted by Covid-19 pandemic • Construction industry think tank outlines 26 recommendations to improve the overall state of the sector • The UAE has about $710bn-worth of building and civil engineering projects currently planned or underway     Dubai, UAE, 14 April 2020:    A construction industry think tank has called for the adoption of standardised construction contracts in the UAE in order to tackle a growing problem of delays and cost overruns on projects in the country.   While these problems are the result of behaviors that are deeply entrenched in the construction industry culture, the coronavirus (Covid-19) crisis has increased the damaging impact of these behaviours and highlights the critical need for ......read more

    Armstrong Launches New Colour Guides for This Spring Season

    Dubai, United Arab Emirates- 9 March 2020:   Armstrong Ceiling Solutions continues to create exciting, vibrant spaces in the Middle East with the release of their new commercial guides for both coloured and black ceiling solutions. Committed to designing human-centric spaces, Armstrong Ceiling Solutions enhances the customer experience by offering high-quality, engineered solutions in a multitude of colours and materials including mineral, metal, mesh, floating ceilings and suspension systems. Each guide provides in-depth insight and detailed recommendations on the use of vibrant ceilings, fit for the purpose of any project. The guides recommend using light-coloured ceilings to achieve bright and social retail, reception and restaurant spaces and using dark hues or black ceilings to encourage contrast for cinemas, lounges ......read more

    Siemens Completes Its First Solar Project in Pakistan

    • Substation in the Thatta district in Pakistan’s Sindh Province links output from a new 50-megawatt solar plant to K-Electric’s grid.  • Project boosts renewable power supply in Karachi, Pakistan’s most populous city       Dubai, United Arab Emirates, March 09, 2020:   Siemens has completed the supply of equipment and services for a major substation that will help in supplying low-cost electricity to Karachi, Pakistan.    Siemens completed the grid connection for Gharo Solar Ltd.’s 50-megawatt solar plant in the Thatta district in Pakistan’s Sindh Province through a 132 kilovolt (kV) grid station. Clean energy from the plant will feed into K-Electric’s power grid. This was the first contract that Siemens has completed for a solar ......read more

    SCCI Launches a Project for Developing Infrastructure of the 10th Industrial Zone

    Sharjah, Feb 29, 2020: Under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Sharjah Chamber of Commerce & Industry, SCCI, in collaboration with the Department of Town Planning & Survey, Sharjah Roads & Transport Authority (SRTA), and Sharjah Water and Electricity Authority (SEWA), has announced the launch of the infrastructure development project for the 10th industrial zone in Sharjah. The new project is one of the pioneering initiatives with the aim of reconstructing the whole area, providing the best services for the people, and keeping pace with Sharjah’s universal renaissance. This would help promote the Emirate’s competitiveness, develop its economic environment and its investment attractiveness, and enhance its ......read more

    AF Construction Achieves 10 Million Man-hours Without Lost Time Injury on Creek Horizon Tower Project

    Dubai, UAE - February 27, 2020:   In a major milestone for the region’s construction sector and as part of its commitment to health and safety, AF Construction (AFC) has announced it has achieved 10 million man-hours without a lost time injury (LTI).  AFC achieved this significant landmark on January 30, 2020, at its Creek Horizon Tower project which marked 462 days without an incident. Over 67,750 task briefings were held and over 159,000 Don’t Walk Bys (DWB) were conducted resulting in raising the safety standard and quality for hazard assessment and work processes at the project site. The 10 million man-hour record is an industry best and reflects the Al-Futtaim Group company’s commitment to creating a safe workplace by setting high safety standards and ensuring operational excellence. Edmund ......read more

    Hormann Helps Companies to Achieve Greater Fire Protection With New Flexfire Curtain

    Dubai, UAE; February 23, 2020: Hormann has launched their new FlexFire protection curtain, specifically designed to provide the construction and other industrial sectors with unrivalled smoke protection in the event of a fire. Equipped with an intelligent FSA-FLEXControl hold-open device as standard, the curtain closes reliably if smoke develops. Combined with optical smoke detectors that monitor the door area, the hold-open device is perfect for fire protection. The system can also be connected to the on-site fire alarm system for a complete fire protection offering, supported by an optional battery pack to bridge potential power failures.  These new weightless curtains are created to save space, and they come equipped with narrow side guide dimensions of 115 × 75 mm to ensure protection but remain discreet. Tested for ......read more

    SteelFab 2020 introduces the latest Laser Metal Cutting Machine & the world's first automated welding and assembly line

    The event attracts a large number of international companies, delegations, and decision-makers. Sharjah, 15 January 2020 - The 16th edition of SteelFab 2020, the region’s largest showcase of machinery, equipment, tools, and accessories for the metalworking and forming industry, continues for the third day, attracting a heavy turnout of decision-makers, traders and delegations from around the world. Held at Expo Centre Sharjah with the support of Sharjah Chamber of Commerce and Industry (SCCI), the four-day event is putting on display the latest products and services relating to welding and cutting technology, machine tools, fasteners and allied industries, some of which are showcased for the first time. This reflects the exhibition’s international position as evidenced by thousands of local and international ......read more

    16th SteelFab opens at Expo Centre Sharjah

    • From new tech to welding contest, 4-day show to be a key industry event Sharjah, 13 January 2020: Presenting the region’s largest showcase of machinery, equipment, tools and accessories for the metal working and forming industry, the 16th SteelFab 2020 has got under way at Expo Centre Sharjah on Monday (Jan 13). Serving as a one-stop sourcing and reference point for the entire spectrum of products and services relating to welding and cutting technology, machine tools, fasteners and allied industries, SteelFab was inaugurated by Sheikh Khalid bin Abdullah bin Sultan Al Qasimi, Chairman of the Department of Seaports and Customs. The event will run until January 16. More than 300 manufacturers, distributors and 700 brands from 35 countries from across the world are displaying products and solutions ranging from the ......read more

    Danube Properties completes Dh300 million ‘Royal Magical' Resortz project

    A luxury resort-type residential project, Resortz, will add 444 units to Danube’s portfolio of 1,711 delivered units across 7 projects, out of 5,453 units in 13 projects announced so far       Date: Dubai, UAE, January 9, 2020   News Highlights 1. Resortz is the first project to be delivered by any developer in the UAE in 2020 2. With Resortz, Danube has now delivered seven out of 13 residential projects so far 3. Danube Properties has a development portfolio of 5,453 units, with a combined value exceeding Dh4.1 billion.  4. It has delivered 2,155 units with a combined sales value of Dh2 billion – nearly half of the entire portfolio value.   Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate ......read more

    French Safety Manufacturers to connect with International and Local experts at INTERSEC

    • 2 French pavilions specialized in Fire & Rescue (Hall 4) and Commercial Security, Information Security, Perimeter & Physical Security (Sheikh Saeed 1) 19-21 January 2020 at Dubai World Trade Center United Arab Emirates – 06 January 2020: Business France, the national agency supporting the international development of the French economy will be organizing the French pavilion at INTERSEC 2020, the world’s largest international trade fair for safety, security and firefighting that gives privileged access to MENA markets. The French industry has gained an international reputation in different fields such as fire prevention and fire fighting, personal protective equipment (PPE), infrastructure protection and safety, those sectors will be represented by companies offering solutions at the cutting edge of ......read more

    Infrastructure development, investment incentives will make land a top investment choice in 2020 and beyond

    Dubai, United Arab Emirates, January 05, 2020:     The United Arab Emirates (UAE) is on the verge of reclaiming its rightful position as the hotbed for real estate investment judging by the sheer number of multi-billion dollar projects that are currently underway. Players in the regional real estate sector are optimistic that mega projects such as the much-anticipated Expo 2020 alongside the ongoing capital-intense infrastructure expansion works will continue attracting investors, developers and homebuyers to the region. Notable areas in Dubai, in particular, that indicate that the once sluggish sector is on a recovery path include Emaar South and Dubai South where demand for residential units, both from owner-occupiers and tenants is on the increase. Others include Mohammed Bin Rashid City, Dubai Creek Harbour, ......read more

    Empower guides customers to budget district cooling bill

    Dubai, UAE; 5th January 2020: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced plans to provide its customers with a set of guidelines to reduce consumption and save in their annual district cooling bills.  Empower pointed that customers can manage their district cooling budget by reviewing the overall use and checking the financial value for consumption, using the calculator available in Empower website at https://www.empower.com/calculator.php. This tool helps customers to determine and manage the total consumption, setting a plan for annual expenses. The online calculator comes in line with Empower's efforts to achieve customer happiness and satisfaction, by helping them to easily estimate consumption for a specific period, through a seamless ......read more

    Empower awarded contracts with a total value AED1,130 billion in 2019

    Dubai, United Arab Emirates; December 25, 2019: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that it has awarded contracts with a total value of AED1,130 billion during 2019, to various companies as part of the development of District Cooling infrastructure in Dubai. The contracts included engineering consultancy; plant and other constructions, design and operation of cooling plants; expansion of district cooling pipe network; development of new networks to serve the latest projects in Dubai, as well as establishment of new energy transfer stations, procurement of pipes and fittings and more.   This substantial increase in the company's contracting activity during 2019, reflects the growing demand for eco-friendly district cooling services, ......read more

    Expo 2020, infrastructure projects driving growth of Dubai's construction sector

    • Dubai accounts for 42% of current active projects in the UAE • Construction sector contributed an estimated 6.4% to Dubai’s GDP in 2018 • New analysis released during Dubai Chamber briefing held on the sidelines of The Big 5 exhibition in Dubai      Dubai, UAE - November 26, 2019:   Expo 2020 and government-led infrastructure projects were key factors driving the growth of Dubai’s construction sector in 2018 and 2019, and this is trend expected to continue over the next two years, according to new analysis released by Dubai Chamber of Commerce and Industry at a briefing organised for delegates attending the Big 5 exhibition.   The analysis, based on recent data from BNC, IMF, Haver Analytics and Fitch Connect, revealed that the construction sector contributed ......read more

    Empower starts construction of its new headquarters worth AED 280 million

    Dubai, UAE, 6th November 2019:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced the beginning of construction of its new headquarters in Al Jaddaf, Dubai, at a cost of AED 280 million. The building is expected to be inaugurated in Q1 of 2021. The new headquarters includes two buildings; an office building and a residential building, both will be having a 3-storey underground parking as well as shops. Each building consists of 10 floors; the office building includes staff offices and shops, while the residential building consists of social amenities, restaurants, and green areas for residents and employees. Empower highlighted that the total built up area of the new headquarters will be  730,000 square feet, of which 555,000 square feet ......read more

    Sustainability is ‘changing the Manufacturng Game' as Half of World's Consumers Are Willing to Pay More for Sustainable Products

    Latest data from Accenture highlights growing trend, which will be one of several key topics under the microscope at 2nd Gulfood Manufacturing Foodtech Summit With three quarters of consumers citing reusable or recyclable designs as important to their buying habits, Summit will hear why manufacturers must embrace change to succeed   Dubai, UAE – 28 October 2019:   Increased consumer knowledge on sustainability in manufacturing sparked by growing environmental awareness, and the prevalence of digitalisation, are changing the manufacturing industry. According to a study by Accenture, half of the world’s consumers are willing to pay more for sustainable products. The same research shows that more than three quarters of consumers (83 percent) believe it is important for companies to design ......read more

    Other Top Stories from Real Estate Retail
     
    DuPont Water Solutions and Waterise Collaborate Toward Sustainable Subsea Desalination

    Subsea Process, which Reduces Energy Requirements of Desalination by 40 percent, Requires Durable, Long-Lasting Membranes March 7, 2021, – DuPont (NYSE:DD) today announced that it has entered into a collaboration with Waterise to provide seawater reverse osmosis membranes and expertise to the company’s subsea desalination plants. Subsea reverse osmosis (RO) desalination presents a sustainable and more economical new way to turn seawater to freshwater. As subsea desalination leverages the natural hydrostatic pressure found at the depths of the sea to run the reverse osmosis, ......read more

    Gulf Learning., has announced its 4th HVAC Show to be held in Dubai, UAE from 24-25 March, 2021.

    Dubai, UAE, December 17, 2020: Today, the HVAC sector has become a multi-billion dollar industry, with global demand for cooling continuing to rise. The global heating, ventilation, and air conditioning (HVAC) market is projected to reach about 367.5 billion U.S. dollars by 2030, based on a compound annual growth rate (CAGR) of 3.9 percent between 2020 and 2030. The Middle East and Africa (MEA) HVAC market is projected to come up with a revenue of $10.1 billion by 2024, as per the study. The market is being driven by many factors, reminiscent of billowy non-secular tourism, growing ......read more

    Eltizam's advances in technology strengthen efforts to beat COVID-19 impact

    30 May 2020 - Eltizam Asset Management Group, a leading physical asset management organization in the Middle East, announced that it found advanced technology to be a boon in its efforts to serve clients efficiently and maintain business continuity in the face of the coronavirus disease (COVID-19) crisis. Over the past 12 months, Eltizam has launched several projects as part of its five-year technology roadmap which has brought multiple benefits to the company particularly in light of the present global crisis caused by the pandemic spread of COVID-19. P Some of these technology ......read more

    Municipal investments can contribute SAR 20 billion annually to KSA's GDP, says Bain & Company

    Benefits include government revenue worth SAR 5 billion and 125 thousand jobs 27 February 2020 - Diverse municipal investments can give rise to more internationally competitive cities in Saudi Arabia and accelerate the Kingdom’s development in line with Vision 2030 by contributing SAR 20 billion annually to gross domestic product (GDP). Global management consulting firm Bain & Company presented this finding during the recently concluded Municipal Investments Forum in Riyadh.    Bain & Company led a workshop titled the ‘Role of Municipal Investment in ......read more

    IDB's Industrial Activity report shows 57% growth in Industrial facilities operating in Abu Dhabi in 2019

    1,552 licenses released to establishments under ‘Production,’ ‘Under Process,’ and ‘Industry Pioneers’ categories Construction, glass, metal, and chemical companies dominate Abu Dhabi’s industry sector Abu Dhabi, 17 February 2020: The number of industrial facilities operating  in Abu Dhabi grew by more than 57 per cent in 2019 to reach 66 facilities – recording a combined investment value of AED 6.29 billion -  as opposed to 42 facilities in 2018, according to the latest edition of the annual Industrial Activity report issued ......read more

    Emerson Expands Analytics Platform for Industrial Enterprise-Level Wireless Infrastructure Management

    Plantweb Insight platform adds two new Pervasive Sensing™ applications that manage wireless networks more efficiently with a singular interface to the enterprise December 21, 2019 – Emerson has added two new IIoT solutions to its Plantweb™ Insight data analytics platform that will enable industrial facilities to transform the way they manage their enterprise-level wireless network infrastructure. As digitalization and wireless technology adoption continue to rapidly expand in industrial facilities throughout the world, the need for greater visibility of network ......read more

    2019 edition marks Al Masaood's fifth year of collaboration with The Emirates Airlines Dubai Rugby Sevens

    UAE, December 7, 2019 – Al Masaood Begum (AMB), one of Abu Dhabi’s iconic Modular and Prefabricated Building Solutions providers and part of the Al Masaood Group, is continuing its collaboration for the fifth consecutive year with The Emirates Airlines Dubai Rugby Sevens as Tournament Partner of the 2019 edition – was successfully concluded at the Sevens Stadium, Dubai. Through this collaboration, as AMB Rentals, a Division of AMB, will provide turnkey solutions for an array of temporary structures required for the event including ablution units, access toilets, VIP ......read more

    DuPont to Acquire Membrane Business from Evoqua Water Technologies Corp.

    October 20, 2019 – DuPont (NYSE: DD) recently announced it has signed an agreement to acquire the Memcor® business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals. “Our strategic intent for the Water Solutions business is to have a robust portfolio of technologies so that our talented global organization can leverage a broad range of solutions to solve our customers’ most pressing ......read more

    Construction of Abu Dhabi's AED 4.4 bn Reem Mall Reaches its Highest Point

    The structure of Snow Abu Dhabi –world’s largest snow play park -  reaches its highest peak with rest of the building structure continuing to progress rapidly   Abu Dhabi, UAE, 20 October 2019:   Reem Mall, the world’s first fully digitally enabled smart shopping mall, was officially topped out this week after construction reached the highest point for the new mall structure. The topping out was marked by key project representatives from Al Farwaniya Property Developments including Faisal Sultan, Chairman, David Boesley, Executive Chairman, ......read more

    Azizi Developments sponsors H.H. Sheikh Mohammed bin Rashid Al Maktoum Italy Endurance Festival

    Dubai, United Arab Emirates, 21 September 2019:  Azizi Developments, one of the leading private developers in the UAE, sponsored the highly-esteemed H.H. Sheikh Mohammed bin Rashid Al Maktoum Italy Endurance Festival, part of the Toscana Endurance Lifestyle 2019, held at the San Rossore Racecourse in Pisa, Italy between the 17th and 19th of September 2019. This is the third consecutive year in which Azizi sponsors the prestigious event.  As one of the most prominent equestrian gatherings, the Endurance Festival comprises a series of races, including the 120km FEI Meydan World ......read more

    CEO of Emirates Steel calls for fundamental shift in GCC steel industry

    The inaugural conference offers delegates an opportunity to discuss the status of the regional steel and iron market in both Saudi and the wider GCC Emirates Steel is the Rhodium sponsor of the conference, being held in Riyadh between 16 – 18 September 2019   19 September 2019 - Dubai, UAE: The CEO of Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), has addressed delegates assembled for the first Saudi International Iron and Steel Conference, which is being held in Riyadh, Saudi Arabia. Eng. Saeed ......read more

    Empower completes 80% construction of the world's first unmanned and fully-automated district cooling plant in Jumeirah Village'

    Dubai, UAE, 8th September 2019:  Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that 80% construction work has been completed of its new plant at Jumeirah Village, which is the world’s first unmanned and fully-automated district cooling plant. Upon completion, the plant will have a total capacity of 50,000 Refrigeration Tons (RT). This is part of Empower's strategy to develop its infrastructure using the advanced smart technologies to meet the increasing demand for district cooling services and to ......read more

    UAE- based affordable housing pioneer, Danube Properties enters South Indian market by opening office in Kochi, Kerala

    Bollywood sensation Sunny Leone to greet investors at the launch event in Kochi, Kerala – marking a major expansion of Danube Properties sales operation in India      • Developers offering up to 15 percent annual return on investment, one of the highest globally • Immense security of investment with Escrow Law • Ease of buying through 1% Per Month payment plan • High capital appreciation • All projects at attractive and matured Location • World class amenities in each project  • Great health ......read more

    Dubai show to reveal the future of Middle East manufacturing and construction

    Automation experts to unwrap industry-changing technology at SPS Automation Middle East 2019     Dubai, United Arab Emirates -  September 02, 2019:   Deep insights into the future of the Middle East’s design, manufacturing and construction sectors will be unveiled this week at SPS Automation Middle East, the region’s only showcase for innovative solutions in the automation industry which runs at the Dubai World Trade Centre from 3-4 September 2019.     One of the most incisive examinations of the region’s readiness for ......read more

    Hormann announces speed rolling shutter DD S6

    Dubai, UAE; August 15, 2019:   Hormann has launched an all new experience DD S6 rolling shutter whose robust design is characterised by fast door opening for doors up to 7500 mm width and 8500 mm height. It has a compact, space-saving design, making it an ideal choice for tight spaces. It also offers high operational safety. The shutter allows for high opening and closing speeds of up to 1.1 m/s to optimise door operation and reduce heat loss. The standard light grille at the side reduces the risk of collisions with forklifts and monitors the closing zone of the door up to a ......read more

    RAK Ceramics Announces H1 2019 Financial Results

    Total revenue decreased by 6.8% to AED 1.29 billion compared to H1 2018. However, total revenue increased by 7.6% quarter on quarter.  Sanitaryware revenue increased by 6.7% year on year driven by sales in Saudi Arabia, India and Europe. Tableware revenue increased by 3.8% driven by growth in US and GCC markets.  Total gross profit margin increased by 100bps year on year to 34.2%, driven by an increase in tiles gross profit margins by 130bps to 29.9%.  EBITDA increased by 8% year on year to AED 239.8 million.   Reported net profit decreased by 8.5% year on ......read more

    Empower connected its service to 43 new buildings with a cooling capacity of more than 56,000 Refrigeration Tonnes

    During the first half of 2019 Dubai, UAE, 25th July 2019:   Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that the number of buildings served by its district cooling services has increased by 8% from last year, reaching a total of 43 buildings during the first half of 2019, with a cooling capacity of more than 56, 000 Refrigeration Tonnes (RT). Empower has connected its services to major projects in Dubai during the period, including the Royal Atlantis Resort and Residences at Palm Jumeirah, the ......read more

    US$125 billion worth of new construction projects announced in GCC in H1 2019, BNC says

    GCC witnessed the completion of US$88.5 billion (Dh324.8 billion) worth of construction projects in the first half of 2019, according to BNC Construction Intelligence   1.     The GCC countries saw announcement of US$125 billion (Dh458.75 billion) worth of new construction projects in the first half of 2019  2.     The GCC countries witnessed the completion of US$88.5 billion (Dh324.8 billion) worth of construction projects in the first half of 2019, according to BNC Construction Intelligence  3.     New construction ......read more

    Siemens to supply power equipment and services for 840 MW power plant in Iraq

    • Combined-cycle power plant in Maisan will deliver electricity supply to more than three million Iraqis  • Siemens equipment includes F-class gas turbines, steam turbine, generators, main transformers and project supervision • Power Diagnostics Services to optimize performance, including employee training and know-how transfer   09 July  2019:    As part of its long-term support to expand Iraq’s power infrastructure, Siemens has received an order to supply gas and steam turbines and generators as well as long-term power generation ......read more

    Al-Futtaim Engineering and Technologies to supply state-of-the-art Hitachi elevators across major real estate projects in the UAE

    Dubai, United Arab Emirates - 22 June 2019:   Al-Futtaim Engineering and Technologies, a multi-disciplinary engineering organization, has announced it is supplying and installing state-of-the-art Hitachi elevators across several real estate projects in the UAE.  The projects will see the Al-Futtaim group company’s Elevator Division supply over 70 Hitachi elevators for major real estate projects including the Deyaar Midtown project at Dubai Production City, Rawda and UNA Apartments by Town Square and DAMAC’s Paramount Tower Hotel & Residences in ......read more

    Tribe Infrastructure finances landmark power project in Sharjah

    Abu Dhabi, 19 June 2019:  Leading Abu Dhabi advisor Tribe Infrastructure (Tribe), in partnership with Alderbrook Finance, has completed the debt financing for Sumitomo Corporation (Sumitomo), GE Energy Financial Services (GE EFS), Sharjah Asset Management Holding (SAM) and Shikoku Power on the 1,800MW Hamriyah independent combined-cycle power plant (IPP) in Sharjah, United Arab Emirates.   Acting as the exclusive financial advisors to the sponsors, Tribe Infrastructure and Alderbrook have advised the arrangement of over US$1 billion in senior non-recourse debt ......read more

    Steel and construction industries to continue powering regional development according to experts at Constructsteel Conference

    His Excellency Dr. Matar Hamed Al Neyadi, the Undersecretary in the Ministry of Energy and Industry UAE, highlighted the contribution of the steel and construction industries to long-term economic growth and diversification Eng. Saeed Ghumran Al Remeithi, CEO of Emirates Steel, discussed the important role played by the steel industry in decarbonization and technological innovation  Sponsored by Emirates Steel and organized by the World Steel Association, the conference brought together 100 international companies and organizations in Dubai on 18 June 2019   18 June ......read more

    Nahyan bin Mubarak Inaugurates Sir Bani Yas Church and Monastery

    The first Christian site discovered in the UAE is unveiled following the implementation of new conservation measures Abu Dhabi, UAE, 15 June 2019:  The Church and Monastery on Sir Bani Yas Island, the first Christian site discovered in the UAE, has reopened its doors to visitors following the implementation of conservation measures and site enhancements by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). The inauguration ceremony for the site was conducted by HE Sheikh Nahyan bin Mubarak Al Nahyan, Cabinet Member, Minister of Tolerance, with the opening ......read more

    Constructsteel Conference to take place in the Middle East for the first time

    Emirates Steel is the main sponsor of constructsteel conference 2019, to be held in Dubai on 18 June 2019 The conference will focus on the future of the steel construction industry in 2030 The conference, bringing together 100 international steel manufacturers, is organized by the World Steel Association (worldsteel) The conference will be addressed by His Excellency Dr. Matar Hamed Al Neyadi, the Undersecretary in the Ministry of Energy and Industry UAE   8 June 2019 – Abu Dhabi, UAE: Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of ......read more

    Shurooq and BESIX Group announce launch of construction of QATRA water reuse plant

    The effluent treatment project will be completed in January 2020 with a daily production capacity of 5,000 cubic meters Sharjah, United Arab Emirates,23rd May 2019:  Sharjah Investment and Development Authority (Shurooq) has officially started the construction of QATRA, ajoint venture with BESIX Group to develop new water reuse plant in Sharjah’s Al-Sajaa industrial area.  Set for a January 2020 completion, the plant will produce 5,000 cubic metres per day of high-quality water for non-drinking purposes out of Treated Effluent from the Al Saja’a Sewerage Treatment ......read more

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