AME Info (press release) - United Arab Emirates
In addition to support services provided by their Dubai headquarters, the company's comprehensive Customer Care Program provides solutions through its vast ...
UPDATE 1-Gulf investors launch $2.8 bln in new Islamic firms
Reuters - USA
By John Irish DUBAI, Aug 27 (Reuters) - Three Gulf Arab banks will launch a specialised bank to finance infrastructure projects, an agriculture firm and a hospitality fund as rapid growth in the Middle East and North Africa lures billions in new investment. ...The ambitious plans, the latest in a string of multi-billion-dollar projects, come as a five-fold rise in oil prices since 2002 fuels breakneck growth in the energy exporting nations of the Gulf, Middle East and North Africa. ...
Hill International Selected as Project Manager for Tamweel Headquarters Building at Business Bay
Al-Bawaba - Amman,Jordan
Hill International, the worldwide construction consulting firm, announced today that it has been awarded a contract by Tamweel P.J.S.C. to provide project management services for Tamweel Headquarters Building at Business Bay, Dubai, UAE. The twenty-six month contract has an estimated value to Hill of approximately AED 7 million ($1.9 million). ...The design of the building is characterized by the twisting of every 4-storeys block forming an architecturally interesting form. ...
Armani designs villas at $1.8 bln Egyptian resort
Reuters South Africa - Johannesburg, South Africa
MILAN, Aug 27 (Reuters Life!) - Giorgio Armani will design his first villas for a $1.85 billion gated community development in Egypt that is just two hours' drive from Cairo, the Italian fashion designer said on Wednesday. Emaar Properties is building the 9.9 billion Egyptian pounds ($1.8 billion) gated community at Sidi Abdel Rahman Bay, on 1544 acres of what Armani described in a statement as "the best stretch of beach on the north coast" of Egypt. ...
'We are in the process of setting up base in Abu Dhabi'
Zawya - Dubai, United Arab Emirates
Keith Levers, CEO of Palm Utilities, says that its USP and success in the market lies in engaging with every individual end user. Expansion plans include setting up a company in Abu Dhabi and signing MoUs in India, with potential for more in Egypt and Malaysia. ...
Real estate investing
International Business Times - New York,NY,USA
Dubai announced a wave of changes to its laws governing foreign freehold ownership of real estate in 2002, drawing in vast amounts of property investors as investors as the property sector exploded. ...On average, a villa in Dubai will cost around $1,000 per square meter with is cheaper in comparison to western areas like the London Docklands where a square meter will cost anything around $5,000. ...
Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence Launched
Al-Bawaba - Amman,Jordan
NBQ issues convertible bond worth Dh2.36b
GulfNews - Dubai,United Arab Emirates
Dubai: The National Bank of Umm Al Quwain (NBQ) and Global Investment House yesterday announced a primary agreement to issue a Dh2.36 billion convertible debt instrument. ...Upon successful conversion, the new issue would imply 25 per cent expansion of the existing paid in share capital, giving Global a 20 per cent stake in NBQ... The bank has an aggressive business plan to reinforce its presence in the UAE. The Government of Umm Al Quwain is the bank's major shareholder since inception, apart from major UAE major investors. ...
$5.8bn smelter will make UAE global powerhouse
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
by Tom Arnold on Wednesday, 27 August 2008 HOT STUFF: The development of the world's biggest aluminium smelter in the UAE will signal the country's arrival as one of the global powerhouses for production, the chief executive of the project said on Wednesday. ...The proposed aluminium smelter in the UAE will help move the country away from dependency on oil gas export ...
Former chief of Tameer launches Dh4b realty firm
GulfNews - Dubai,United Arab Emirates
Dubai: Omar Ayesh, former chief executive of Tameer Holding, has launched Nobles Investments, a Dh4 billion real estate development company in Dubai, ... Nobles Investments is committed to attracting the best industry talents who are destined to share the glory of Nobles' success story as part of the team. ...
Dubai-controlled KOP buys $250 mln Stein hotels stake
Reuters - USA
SINGAPORE (Reuters) - Singapore-based KOP Capital, controlled by the emirate-owned Dubai Group, will buy a 50 percent stake in European hotel chain Stein Group for $250 million, and spend about the same amount on new hotels in Asia
Re-branding Damac Properties has increased the private sector master developer's positioning as a luxury lifestyle provider to include a focus on the benefits of luxury and has differentiated it from its competitors, the company said yesterday.
Schön Properties Signs AED 1171 Billion Contract with Belhasa Engineering & Contracting Company for Dubai Lagoon
Al-Bawaba - Amman,Jordan
Schön Properties, developers of the AED 3 Billion Dubai Lagoon Development, has signed an AED 1,171 billion contract with Belhasa Engineering and Contracting Company LLC (BHECC), to handle the construction of zones 3 and 6 of the exclusive mixed-use project. ...
Emaar Properties Unveils Smart Living With 18 Burj Dubai Boulevard Residential Tower
Emaar Properties will unveil one of Dubai's pioneering urban professional residential towers, designed by international architects and centrally located within Downtown Burj Dubai. A two tower complex, 18 Burj Dubai Boulevard elegantly incorporates curvilinear architecture, and is designed to maximize its spatial dimensions and is located on the vibrant Burj Dubai Boulevard. ...
Sale of homes at Tower 1 of 18 Burj Dubai Boulevard will be held from August 30, 2008, at Emaar Business Park and Emaar's Abu Dhabi Sales Centre from 9am to 6pm. Dubai and other Emirate residents wishing to buy from Emaar Business Park must register online, while Abu Dhabi residents can make their purchases on a first-come, first-serve basis at the Abu Dhabi Sales Center. Online registration begins on August 27, 2008 at emaar Several financial institutions are offering easy home finance options. ...
Currently open are three hotels in the area, Al Manzil, Qamardeen and The Palace, The Old Town which is directly connected to Souk Al Bahar, a shopping mall featuring Arabesque architectural elements. The area will feature a fountain that is envisaged as one of the world's finest water features integrating musical and attractive visual elements....
UAE bank eyes support in lawsuit over US fund
Reuters - USA
DUBAI, Aug 26 (Reuters) - A United Arab Emirates bank said on Tuesday it expected other Gulf Arab investors to back a lawsuit it has filed against major US financial institutions over a fund that collapsed in the U.S. credit crisis.
Dubai Contracting awarded more tower work at Dubai Marina
MEED - Dubai,United Arab Emirates
Dubai -- Dubai Contracting company (DCC) was recently awarded the main contract to build a new residential tower in Dubai Marina valued at Dh265,000,000. ...Erga Progress are the consultants on the project, on which construction is expected to start before the end of this year.
India's BHEL gets $32 million UAE contract
Reuters - USA
MUMBAI, Aug 26 (Reuters) - Indian state-run power equipment maker Bharat Heavy Electricals Ltd said on Tuesday it had won a contract for two gas turbine generating units worth 1.4 billion rupees ($32 million) from the United Arab Emirates. ...
Top Awards for Sama Dubai's Doha Project
Gulf Times - Doha,Qatar
THE Dubai Towers-Doha project has won honours in three categories at the CNBC Arabian Property Awards 2008, a company spokesman said. The project is being developed by Sama Dubai, the international real estate investment and development arm of Dubai Holding. The awards for Property Marketing, High-Rise Architecture and Best Developer Website...
Al Sayegh plans Dh40m expansion
GulfNews - Dubai,United Arab Emirates
Duba:i Al Sayegh Brothers, part of Abu Dhabi-based Al Sayegh Group, is investing Dh40 million to open six more Electronics For You (e4u) outlets by 2010 as part of expansion drive, a top official said. ...We have also entered a joint venture with Aldar Properties to implement this system for the Al Raha Beach Development," he said. ...
Fortune Group plans five projects worth Dh2.5bn
Zawya - United Arab Emirates
Fortune Group International, a Dubai-based developer, will announce five projects worth Dh2.5 billion by December, a top company executive said. "The five projects will have a built-up area of two million square feet. We will be launching a residential project, Fortune Bellevue in Park View master development," Saeed Zuberi, Chief Executive, Fortune Group International told Emiartes Business.
Dh50 billion Culture Village inches closer to completion
GulfNews - Dubai,United Arab Emirates
Dubai: Dubai Properties, master real estate developer and a subsidiary of Dubai Properties Group (DPG), a member of Dubai Holding, announced that the Dh50 billion Culture Village project has crossed key construction milestones, including the completion of 90 per cent of the Dh1 billion infrastructure works.
Nakheel Unveils Location for Queen Elizabeth 2
India PRwire (press release) - Gurgaon,Haryana,India
Nakheel has revealed the new home for the world famous cruise liner, QE2, as the anchor of a luxurious marina development on the eastern trunk side of Palm Jumeirah. ...Plans for the QE2 include its transformation into an ultra-luxury floating hotel, featuring public promenades, retail outlets, cafes and restaurants, as well as a heritage museum displaying artifacts from the QE2 and maritime history. ...
Dubai Contracting Company awarded Dhs265m contract for new residential tower at Dubai Marina
AME Info (press release) - United Arab Emirates
Dubai Contracting Company (DCC) was recently awarded the main contract to build a new residential tower in Dubai Marina valued at Dhs265m. ...Erga Progress are the consultants on the project, on which construction is expected to start before the end of this year and be completed within 27 months....
UAE ambassador lays foundation stone for South Lebanon center
Daily Star - Lebanon - Beirut,Lebanon
By Mohammed Zaatari AL-ZALLOUTIYEH: United Arab Emirates (UAE) Ambassador to Lebanon Sultan bin Youssef al-Soueidi reiterated his country's support for Lebanon, while laying the foundation stone for an events center in Al-Zalloutiyeh in South Lebanon on Satarday.
Tapping mass market will boost Dubai's visitors to 15m by 2015
GulfNews - Dubai,United Arab Emirates
Chapal Flora villa sales hit Dh400m at launch
GulfNews - Dubai,United Arab Emirates
Dubai: Chapal Flora Residences. a cluster of villas being built in Ajman, has fetched Dh400 million in revenue as soon as sales were launched, a top official at Chapal Real Estate said. ...Located on Emirates Road, the project offers two-. three-, four- and five-bedroom duplex villas and town houses. ...The company entered the UAE market two years ago to tap the vast opportunities in the lreal estate market. It is developing towers in Dubai and Ajman, with portfolio valued at more than Dh20 billion.
ADCB to finance sales of Sorouh's residential project
GulfNews - Dubai,United Arab Emirates
Dubai: Sorouh Real Estate has signed a memorandum of understanding with Abu Dhabi Commercial Bank (ADCB) for the financing of residential sales at The Gate Towers, part of Sorouh's flagship project Shams Abu Dhabi, being built on Al Reem Island. ...The Gate Towers is located at the entrance of Shams Abu Dhabi, and is an eight-tower, mixed-use development that includes the 74-storey Sky Tower and the 65-storey Sun Tower.
DAMAC Properties to Participate in Cityscape USA 2008
PR-USA.net (press release) - Varna, Bulgaria
Al Raha Beach
Al Lissaily is a uniquely considered design that encapsulates the water features of Al Raha Beach and formalizes them to create a truly wonderful series of heritage waterside homes...The villas here are built in the traditional Arabic majlis style with colonnades, arcades and galleries around a central courtyard, but freshened with a clean contemporary touch and an uncompromisingly luxurious finish.
Al-Lissaily at Al-Raha Beach is being developed by property developer ALDAR Properties PJSC in Abu Dhabi.
UAE sets new standards in sustainability - The Big 5 programme of new initiatives showcase UAE's leading role in green buildings
Al-Bawaba - Amman,Jordan
The Middle East's biggest construction trade show has introduced a unique programme to make it easier for specifiers, contractors and developers to source sustainable and environmentally-friendly building products and services for their upcoming projects. ...Ecospecifier delivers the information via international databases in key countries such as the UAE site Ecospecifier ...
ecospecifier is a world renowned ecological and health preferred database of verified information on the life cycle impacts of built environment products, materials and technologies.
Dubai Retail to build 5m sq ft of space
Zawya - United Arab Emirates
Dubai Retail, the recently launched subsidiary of Dubai Properties Group, will add five million square feet of Gross Leasable Area (GLA) to Dubai's retail space by 2011, Haiyan Mujarkech, CEO, Dubai Retail told The Business Weekly. ...
Arabtec in line for $408mn resort deal
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
Dubai-based Arabtec Holding is the front runner to win a $408 million contract to build a resort in Abu Dhabi, according to reports. ...the contract to build a hotel, seven residential buildings, villas and sports facilities on Saadiyat island, UK-based Middle East Economic Digest (MEED) reported on Saturday, without citing anyone. ...
A five-star investment
Zawya Dubai, United Arab Emirates
In the climate of a rampant housing market in Dubai, the business case for dabbling in hotels is becoming a costlier headache for investors and developers. ...The number of tourists visiting Dubai will jump to 7.7 million this year from 6.9 million in 2007, according to Dubai Department of Tourism and Marketing (DTCM). ...It is also set to launch two projects in the emirate by the end of next year, in Dubai Marina and the DIFC, Shields told Emirates Business last week. ...
Sama Dubai Appoints Robert Trent Jones II to Design Scenic Golf Course at Salam Yiti
Zawya - United Arab Emirates
Dubai-UAE: 23 August, 2008 - Sama Dubai, the international real estate investment and development arm of Dubai Holding, today announced it has appointed globally preeminent golf course architects Robert Trent Jones II (RTJ II) as designers of the scenic 18-hole championship course at the Salam Yiti Resort-Oman. ...Farhan Faraidooni, Executive Chairman of Sama Dubai, said: "We conduct in-depth market studies for our exclusive projects prior to designating renowned partners who uphold our values in designing and developing our exceptional concepts for landmark destinations. ...
World-class urban developments to rise in UAE
World Architecture News - London,UK
The ambitious projects of Al Ghadeer, Ghantoot, Lu'Luat Al Raha, Shams represent over 15 million sq m of land development for communities ranging in size from 8,000 residents to over 100,000 residents and a collective total built-up area of over 18 million sq m. ...Ghantoot Development in the Emirate of Abu Dhabi is a large settlement for 100,000 residents: they will be able to enjoy the resort-like location at this historic tree plantation oasis along the Gulf halfway between Abu Dhabi and Dubai with convenient access to local ports and airports. ...Unlike the other projects, Shams Abu Dhabi will be the only new settlement that will consist of a majority high rise residential buildings. ...
Chatting With the Trump Brothers
FOXBusiness - USA
This morning I interviewed two pretty well known brothers, the Trump brothers, Eric and Donald Trump Junior. It was my first time meeting Eric... Donald Junior has been overseeing another huge project for the Trump Organization, the Trump International Hotel and Tower in Dubai, It'sa 62 story hotel and residential building that they are developing in conjunction with Nakheel, a world renowned developer for larger than life projects ...
Eco-wonder: The Pyramid city
XPRESS - Dubai,Dubai,United Arab Emirates
By Derek Baldwin, Senior Reporter A proposed pyramid city for the Dubai desert will stand 1.2 kilometres in height, dwarfing the Burj Dubai – the tallest tower in the world – by hundreds of metres. ..."The pyramid will be more than a kilometre tall and will house one million people inside," a source close to the project told XPRESS. "It will be completely self-sustainable." ...In a statement, Ridas Matonis, Timelinks Managing Director, said: "Communities [Ziggurat] can be almost totally self-sufficient energy-wise. ... "A number of eminent professors will be on hand to explain the technicalities of how the Ziggurat project works and how these communities can be integrated in master projects." ...
Kensington Realty flagship development 70% sold
Homes Overseas - London,UK
Dubai based developer, Kensington Real Estate, has announced that it has successfully sold 70% of its £270m Kensington Crystal development, located in Dubai ... The remaining 30% of the developer's first UAE project will be sold at the official launch in Dubai later in October as well as other possible launches in London and India. The development is expected for completion in 2011. ...Kensington Real Estate plans to launch projects worth in excess of £2.5bn by 2011 across different countries, including Dubai, Africa, Qatar, Morocco, Australia and India.
Jumeirah Living unveils two residence projects
Zaywa - Dubai, United Arab Emirates
Jumeirah Group has unveiled two more projects under its Jumeirah Living serviced residence brand as part of its plans to capitalise on surging demand in Dubai. ..."Because we're a Dubai-based company, it's all about growth here first," Jumeirah Living's Group General Manager Julie Shields told Emirates Business. "We're looking to grow first in Dubai and then we will grow and expand with Jumeirah Group as a brand globally. ...
Select to build new £100m block in Dubai
Manchester Online - Manchester,UK
OVERSEAS developer Select Property today announced a £100m apartments scheme in the Middle East which it said would help achieve its £800m sales target for this year. ...West Avenue will feature 251 studio, one and two-bedroom flats as well as shops and restaurants in the entrance lobby. ...Its other developments include the £1bn Aquitainia on The World, a Dubai offshore scheme. The World comprises 300 man-made islands four kilometres off Dubai. ...Select Property is also behind Pacific, a £368m residential project on Al Marjan Island in the neighbouring Emirate of Ras Al Khaimah....
Joint Developers Select Group and Select Property Award the largest Construction Contract to date on Al Marjan Island
Al-Bawaba - Amman,Jordan
The Dubai-based luxury residential property developer, Select Group, today announced it had awarded its construction contract to the Ras Al-Khaimah based Construction Technology Contracting. (CTC) for its Pacific project on the off-shore man-made development of Al Marjan Island. ...the world's foremost master planned waterfront development, Select Group Developments has undoubtedly raised the bar in the Dubai real estate industry. ...
Dubai Properties to double investment to $272bn
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
(ITP Images) State-owned Dubai Properties is set to almost double its real estate investment to 1 trillion dirhams ($272.2 billion) within the next five years... Mohamed Binbrek, CEO of Dubai Properties Group, said the company has 26 property plots still to be developed. ...The firm is also considering opportunities in Pakistan, Tunisia, Qatar, Uzbekistan, the Maldives and Madagascar, he said.
Salya to invest Dh5bn to build 15 boutique projects in UAE
Zawya - United Arab Emirates
Salya Developments is planning to launch "affordable" boutique homes across the UAE by leveraging its long-term relationships with top European designer brands... Mario Valentino Boulevard, a mixed-use project in Downtown Jebel Ali. It plans to invest Dh5 billion in 15 projects by 2010 and build boutique resorts on the Finland and Brunei islands on The World.
The company has several other projects planned over the next four years, which include locations such as Dubai Marina, Bawadi, Tecom, Dubailand and Abu Dhabi. ...
Salya's Website address and contact details.
Dubai plans an eco-friendly mall
Economic Times - Gurgaon,Haryana,India
DUBAI: An eco-friendly mall, based on the standards of US Leadership in Energy and Environmental Design (LEED), is being built in UAE. The Mirdiff City Centre, a Majid Al Futtaim project, scheduled to open here next year has been designed with LEED standards to make the building sustainable. ...LEED Green building rating system, developed by the US green building council in 1998 provides a suite of standards for environmentally sustainable constructions. ...
UAE- Rakeen completes 50% of piling for residential components of Bab Al-Bahr
Middle East North Africa Financial Network - Amman,Jordan
Rakeen, the master-planner and land developer of the Ras Al Khaimah government, that exercises environmental responsibility when planning and developing, has announced that it has recently completed the piling works for half of the residential component of the Bab Al Bahr and is set to proceed with the construction of the residential units.
Rakeen also reported that main contractor Al Hamra Construction Company will start the piling work and construction of the second half of the residential area shortly as the AED 1.2 billion mixed-use resort development remains firmly ahead of schedule.
Mirvac loses interest in small funds
The Australian - Sydney,Australia
THE $3.1 billion Mirvac Group will sell or wind up smaller funds... Many of those opportunities will be in the Middle East, where Mirvac has formed partnerships with Nakheel, which owns 14.8 per cent of the group after becoming the sub-underwriter for its dividend reinvestment plan, and Abu Dhabi conglomerate Al Badie Group. ...Nakheel has indicated it would keep its holding at less than 20 per cent," he said. ...
Major new project planned for Dubai World Trade Center
SteelGuru - Gurgaon,Haryana,India
It is reported that a major new mixed use development is currently being planned for the World Trade Centre area of Dubai. The project, currently known as District 49 ...The concept architect is UK based Atkins. The project manager is UK based EC Harris. The client is Wasl, formerly known as Dubai Real Estate Corporation.
Yahoo - Bangkok, Thailand
SEOUL, Aug 19 Asia Pulse -- The South Korean mid-sized builder Sungwon Corp, said on Tuesday it has signed an 82 billion won (US$78.4 million) contract to build an office building in Dubai, United Arab Emirates.
Under the deal signed with German company Silver Star Tower Ltd., the building will be located in Business Bay, which is being developed into a major business area in Dubai, and the building will be completed by 2010, the company said.
On August 13, the South Korean Builder Sungwon Corporation broke the ground for the building.
End News.
South Korean Sungwon Corporation invested heavily in Dubai Properties' projects, and was keenly seeking opportunities in the booming Dubai real estate market. One of the companies projects were the Villa and Mudon at Cultural Village.
Nakheel delegation to visit USA
Zawya Dubai, United Arab Emirates
Dubai, 19 August 2008: Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, is scheduled to pay a visit to the United States on 22 August to meet with a number of top US developers and investors seeking investment opportunities in Dubai. ...It is also developing the first Worlds of Discovery theme parks outside of the US, with SeaWorld, Aquatica, Busch Gardens and Discovery Cove set to provide major attractions on Palm Jebel Ali by 2012. ...
Currie & Brown mixes it up at Cayan-developed Infinity Tower in Dubai Marina
AME Info (press release) - United Arab Emirates
... Currie & Brown oversaw the continuous pouring of 7000m3 of concrete to create the 3m thick basement raft slab, including 1900 tonnes of steel reinforcement, that will support the iconic Infinity Tower currently under construction at Dubai Marina. ...Cayan Investment and Development to build the world's tallest tower featuring a 90 degrees twist. ...Commenting on the challenges that the unique design presented, Ahmad Kasem, Development Director at Cayan Investment & Development praised the team involved saying: "Infinity Tower presents unique and complex challenges to everyone involved in this magnificent project. ...
is a skyscraper under construction by Palma Real Estate in Dubai, United Arab Emirates. Construction of the 330 metres (1,083 ft) building began in February 2006 and when completed in 2009 will have 80 stories and be the world's tallest high rise building with a twist of 90˚. The official web site of Infinity Tower
Casamia Star sells 25% of AED 180 million Tulips Residence project
Middle East North Africa Financial Network - Amman,Jordan
Dubai, August, 2008: Casamia Star Gesamplanung Real Estate, the leading German Developer and Broker, today announced that it has sold 25 per cent of the AED 180 million Tulips Residence project within a short span of 15 days. The project, located at Marmooka City, Ajman, is being developed by top Chinese developer and real estate company Best Eastern Group... In his comments, Mr. Israr Yousaf, Managing Director of Casamia Star, said: "The remarkable sales of the Tulips Residence project echoes the strong demand for quality real estate project in the UAE ...
Stalled Dubai Lagoon project to go ahead, says Rera
The National - Abu Dhabi,United Arab Emirates
Dubai Lagoon, a stalled Dh3 billion (US$817 million) residential project, will go ahead, the Dubai Real Estate Authority says, dismissing earlier reports that the development had been cancelled. ..."The project, which was initiated before the launch of Rera, saw some delays," said Marwan Bin Ghalita, the chief executive of Rera, in response to a flood of complaints over the lack of progress. ...
Dubai issues mortgage law to regulate sector
DAMAC Properties Awards over AED 15m Enabling Works Contract for Executive Bay
Zawya - United Arab Emirates
Dubai, Aug 18 th , 2008: DAMAC Properties - the luxury lifestyle provider and Middle East's largest private sector master developer - has awarded over a AED 15m enabling works contract for Executive Bay located in Business Bay. The enabling works commenced on 21st July 2008 and has been awarded to Al-Habtoor Engineering enterprises - one of the leading names in construction in the region.
DAMAC Properties is part of DAMA Holdings, it was established in 1995 and has grown into one of the most successful residential, leisure and commercial developers in UAE, Dubai and the Middle East, and is expanding rapidly into North Africa, Jordan, Lebanon, Qatar, Saudi Arabia and the Far East.
4C Controls Announces Strategic Alliance with Sire Contracting Company to Provide Security and Surveillance Solutions for Large Scale Development Projects in UAE
Business Wire (press release) - San Francisco,CA,USA
4C Controls Inc. (OTCBB: FOUR.OB) today announced it has entered into a strategic alliance with Sire Contracting Company in Dubai, United Arab Emirates. Under the terms of the alliance, 4C Controls will be the exclusive provider of high technology security and surveillance solutions for all of Sire's current projects, ...4C Controls also expects the potential value of the contracts to increase due to anticipated synergy with other new projects in Dubai. ...
$68 Million in Kentucky Manufacturing Incentives Fast Tracks Electric Vehicle Talks at ZAP Headquarters With Integrity Manufacturing
CNNMoney.com - USA
ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. ...
Al Yousuf Group Provides a $10 Million Financing Arrangement for ZAP
SANTA ROSA, California, USA and DUBAI, UAE (August 5, 2008) – Electric vehicle manufacturer ZAP (OTC BB: ZAAP) announced that the Al Yousuf Group, a Dubai-based conglomerate and investor, is providing a $10 million financing arrangement for future working capital enabling ZAP to meet growing demand for its electric vehicles. ...ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. ZAP is positioning its business at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems.
Emaar widens its property portfolio in Dubai with Mushrif Heights
Gowealthy.com - Dubai,United Arab Emirates
Emaar Properties launches the eco-friendly Mushrif Heights, a Dh12 billion project, burgeoning Emaar's rich property portfolio in Dubai including Downtown Burj Dubai, Arabian Ranches, Emirates Living, Dubai Marina and Warsan Estate. ...Mushrif Heights property is located near Al Awir and is in close proximity to Mushrif Park, allowing easy access to Dubai's business hubs...
Over USD 100 billion poured in Gulf waterfront projects as study reveals growing population in coastal communities
Arabian Business - Dubai, United Arab Emirates
The Arabian Gulf is currently witnessing over USD 100 billion worth of investments in waterfront developments, in tune with ongoing global trends as indicated by recent studies that reveal up to two thirds of the world's population living in coastal communities and a large amount of developments taking place in waterfront areas. ...Al Fara'a Properties has pledged its support for the 'Blue Communities', a model that effectively manages building communities within the coastal areas. ...In conjunction with the Al Fara'a Construction, Industrial and Property Group, Al Fara'a Properties has played a major part in significant community-related activities ...
Glenn to head Dubai growth
nebusniess.co.uk- UK
TEESSIDE boss Glenn Ridsdale has revealed plans to build a sister business on the back of the world's largest manmade development that aims to transform 81 million square meters of desert and sea into a thriving international community. ...Apix ME (Middle East) will run a training centre on behalf of private developer Nakheel, which owns a 51% stake in the Waterfront scheme which will extend... The volume of construction work is set to continue for at least the next 20 years," said Mr Ridsdale. ...The Dubai Waterfront scheme will consist of a series of zones with mixed use including commercial, residential, resort, and amenity areas, described as "a world-class destination for residents, visitors and businesses in the world's fastest growing city" ...
BASF energy arm readies UAE projects
Gulf Times - Doha,Qatar
DUBAI: BASF's oil and gas unit Wintershall Holding plans to explore for crude in the United Arab Emirates as part of a plan to challenge rival oil majors for access to Arabian Gulf reserves, an official said. ...In Abu Dhabi, which accounts for almost all the UAE's crude production of about 2.6mn bpd, first announcements of joint activities with IPIC are "realistic"... "We're in the process of evaluating first opportunities, with focus on Abu Dhabi," Schmidt said. IPIC presently manages global energy investments worth about $13bn for the Abu Dhabi government. ...
UAE investment in theme parks to surpass $62bn by 2012
AME Info (press release) - United Arab Emirates
The UAE with its dramatic pace of development is all set to dazzle the world with over 30 multi-faceted entertainment resorts and theme parks being built until 2012 with a projected investment of $62bn according to CMPi UAE organizers of Middle East Attractions, Amusements, Parks, Leisure and Entertainment International Trade Exhibition (MEAAPLE). ...There is demand from a wide spectrum of facilities including Culture & Arts, Heritage Villages, Theme Parks, Hotels & Resorts, Recreational & Leisure Parks, Retail & Shopping Malls and Cinemas & Multiplexes, Water Parks, Amusement Parks, Zoos & Wildlife Parks, Golf Courses, Family Entertainment Centres, Museums & Science Centres, Aquariums, Sports & Spa Clubs, Health & Fitness Clubs, Equestrian & Polo Clubs. ...
ALDAR Aligns with Barclays Bank UAE
Al-Bawaba - Amman,Jordan
ALDAR Properties, the leading integrated property, investment, and management company today announced a strategic tie up with Barclays Bank Plc, UAE ('Barclays') to provide mortgage solutions for ALDAR's Al Raha Beach projects. ...ALDAR's projects are built, designed, and intended for a diverse audience. Bringing Barclays into our portfolio of banks to extend financial solutions demonstrates ALDAR's keenness on placing the widest possible choice...Barclays will offer mortgage solutions to ALDAR's developments on Al Raha Beach, dubbed the ultimate waterfront city, consisting of eleven precincts each with its own distinct character and appeal. ...
Vietnam, UAE agree to promote cooperation
VietNamNet Bridge - Hanoi,Vietnam
Vietnam and the United Arab Emirates (UAE) have signed a cooperation agreement on investment, finance, trade and labour during a recent visit to the UAE by a Vietnamese government delegation,... the delegation met with leading UAE economic groups, including Tanouh, Mubadala, Etisalar, Al Qudra, Bhoom Al Masdar, Limitless of Dubai Work and the Trade Ministry of the UAE. ...
Global Infrastructure Anti-Corruption Centre
GIACC provides independent assessment of the adequacy of government, ... Anti corruption advice: GIACC advises stakeholders on corruption related issues. ...
The series on Anti-Corruption and Corporate Ethics is moving to Dubai for a review of the Dubai and Gulf region compliance efforts. Hear from local and international companies and their role in dealing with anti-bribery and FCPA issues in the region.
Al Gurm Villas
Al Gurm Villas. Abu Dhabi, United Arab Emirates. The project consists of a high quality gated waterfront development. The project is located along the Western Ring Coast Road ...The development itself is visualized as a protected water development. It is envisaged that the villas will sit at the edge of the main and existing shoreline, whilst the resort will be within the reclaimed water areas. ...
Commonwealth Games Village will put Delhi in top league
Economic Times - Gurgaon,Haryana,India
Leading developer Emaar MGF won, as a part of DDA's global tendering process, this Public Private Partnership (PPP) initiative which will be one of the most... The development will incorporate the best international practices and standards not only from a design perspective, but include modern energy solutions, including solar power for common areas, VRV technology air-conditioning systems, apart from comprehensive security systems like video phones," said an Emaar MGF official. ... The village is spread over 34 towers and international architects & designer SRSS of Singapore is working on the project ...
Limitless seeks more global openings after subprime crisis
Khaleej Times - Dubai,United Arab Emirates
DUBAI - UNFAZED by subprime crisis in the United States and Europe, Limitless will continue to explore more opportunities across the world, a top official of the company said. ...In an exclusive interview with Khaleej Times, Saeed said Limitless currently has $100 billion projects in seven countries and will announce new projects in Europe, North Africa, the Middle East, South Asia and the Far East at an appropriate time. ..."Downtown Jebel Ali, our first project in Dubai, is well underway. Our first four commercial buildings are completed and being prepared for handover. ...
New alternative energy source discoveries
AME Info (press release) - United Arab Emirates
Dr. Abdulla Al Amiri, Chairman of the Emirates Energy Awards, a subsidiary of Dubai Quality Group, said: 'There is a consistent interest in using ebb (see Below) and... GCC countries are currently developing 114-120 energy-generating projects, collectively worth between $160m and $220m, and expected to grow, according to international growth rates, to $132m. These coun ...
UAE needs $10b to satisfy energy demand by 2018
Dubai: The UAE will need $10 billion to satisfy energy demand in the next ten years, due to increasing development and projects on land that are growing at the rate of 12 per cent each year... Dr Abdullah Al Amiri, chairman of the Emirates Energy Awards, a subsidiary of the Dubai Quality Group, said, "There is a consistent interest in using ebb and flow movements and river outlets to generate power, by letting large amounts of water flow into thin canals ...
Other sources of Renewable Energy:
Biofuels
Biomass
Geothermal
Hydro power
Solar power
Tidal powee (ebb)
Wave power
Wind power
Deyaar Names Markus Giebel CEO After Shahin Scandal
Zawya Dubai, United Arab Emirates
Deyaar Development has appointed Markus Giebel, Giebel replaces Zack Shahin Deyaar's former chief executive, who has been detained by Dubai Police since April for alleged embezzlement. ...Giebel has served as the former CEO and member of the Board of Directors since 2004 of Vedera Capital, a UAE-based investment firm specialising in real estate and financial services.
$1bn wellness resort planned for Dubai Creek
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
by Dylan Bowman on Sunday, 17 August 2008 HEALTHY LIVING: Dubai master developer Tatweer said on Sunday it plans to build a 3.68 billion-dirham ($1 billion) preventative and integrative medicine resort along the Dubai Creek. ...Tatweer, part of state-owned conglomerate Dubai Holding, said the resort brought its investment in DHCC to 12.5 billion dirhams ...
Sheffield Real Estate FZC awards Dhs1.1bn contract for Marina 101 ...
AME Info (press release) - United Arab Emirates
Sheffield Real Estate, one of the leading Dubai-based private developers announced awarding an Dhs1.1bn contract to build its flagship project, Marina 101, in Dubai Marina, to Tepe Akfen (TAV) Construction. ...Sheffield which pioneered the money-back concept in Dubai's real estate market will generate returns from Marina 101 by managing it prudentially and ...
Read more about Marina 101
Desert Dream bullish on Dubai property market
Khaleej Times - Dubai,United Arab Emirates
By Jose Franco DUBAI - Desert Dream Real Estate and Investment has four more development projects in Dubai to be announced soon as it launches tonight a Dh1.7-billion residential tower... Property prices in Dubai surged 800 per cent since 2002, when foreigners were first allowed to own properties in selected areas. ...
Rijas Group to introduce derivatives in real estate
The Post - Lahore,Punjab,Pakistan
Rijas Group plans to introduce options and derivatives for the first time in the UAE real estate sector. Talking to reporters, Kashif Shahzad, Head of Rijas ...
Dubai Real Estate Institute announces region's first graduate ...
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
Dubai Real Estate Institute (DREI), the region's first specialised real estate institution, today announced the launch of its latest graduate programmes, ...
UAE invites bids for nuclear power plan -magazine
Reuters - USA
DUBAI, Aug 16 (Reuters) - Emirates Nuclear Energy Corp (Enec) has invited global firms to bid for a contract to manage the Gulf oil producer's nuclear power programme,... Enec would except bids for a nuclear power project from global firms until Sept. 7 and is likely to award the contract by the end of the year... The UAE needs 22,000 megawatts of additional electricity capacity over the next seven years to meet demand ...
Luas chief to design hi-tech Dubai railway
Irish Independent - Dublin,Ireland
By Paul Melia AN IRISHMAN is to spearhead the development of Dubai's new light-rail system which will run along the coastline of the Middle Eastern state and serve the iconic Palm Jumeirah complex. ...Construction work on the Dubai system will begin next year and it is expected to be completed in 2011. ...
Trump launches $1b Indian hedge fund
IndUS Business Journal - Waltham,MA,USA
... Trump, the executive vice president of development and acquisitions at New York-based Trump Organization USA LLC, said India's red-hot economy has fueled demand for more residential development, particularly luxury housing, ...The younger Trump's plans to launch the $1 billion Indian real estate fund reflects Trump Organization's push to expand globally... plans to develop a pair of mixed-use projects in Istanbul, Turkey, and Dubai. The Istanbul project, which Trump Organization announced in April,... the company has partnered with local developer Al Nakheel Properties to build the $600 million, 62-story Palm Trump International Hotel & Tower on the ...
KGB INTERROGATION: Wal King
Business Spectator - Melbourne,Victoria,Australia
...Then when you move to the Middle East, Al Habtoor Leighton are the biggest contractor ... But in our engineering business, our building business, we've taken that off to the Middle East. ...The Middle East people are wanting to invest money around the world in places like Morocco. ...Well it's a big operation now. We employ like 40,000 people. The scale of what's on in the Middle East [is big] and if... On Saadiyat Island in Abu Dhabi there where we're sort of the prime contractor we're currently building [is], would you believe, a construction camp for 40,000 people and it's just of mind bending proportions. ...We just the other day had an invitation to be involved with a construction of a road from Abu Dhabi to the Saudi border. ... The numbers that we're employing in the Middle East are expected to go on up to 60,000 people.
Leighton shows it still has a solid foundation
The Australian, Australia
So shareholders should be confident that the Australian company's 1-for-14 share offer, at a 15 per cent discount to its current share price is worth taking ... Elsewhere, Leighton made a sensible move into the Middle East through its Al Habtoor joint venture, at a time when the construction boom there still shows few signs of abating.
Leighton profit up 35% to $608m, work in hand currently at $34.5bn. Leighton is Australia's largest project development and contracting group.
Hamptons opens sales office at Emaar Square
Trade Arabia - Manama,Bahrain
Hamptons International, one of the premier residential agents, has announced the launch of its new sales office in Emaar Square - the exclusive commercial component of Downtown Burj Dubai. ...To mark the official opening of the office, Hamptons International is hosting an exclusive sales event in Emaar Square on August 16th from 9am – 3pm. The event will showcase some of the most prestigious residential apartments in the Downtown Burj Dubai area. ...
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