Morgan Stanley to Win in the Gulf

Morgan reaps reward for Dubai gamble
Financial Times - London,England,UK
Dubai - Morgan Stanley, along with several other large investment banks, bet big on the Gulf... Against a backdrop of -global economic gloom, surging growth in the oil-rich Gulf is now serving the bank well. This year, say bankers there, it is expected to win $500m (€356m, £285m) in fees from the region, much more than last year.

Aya Tower at Hoora - Bahrain to be Launched by Era Projects

Era's 40-storey project in Hoora
Gulf Weekly - Manama,Bahrain
Era Projects, the Bahraini real estate development company, is planning to launch a 40-storey freehold residential tower in Hoora called Aya Tower. Covering a built-up area of 25,000 sq m, the luxurious tower consists of 162 apartments overlooking the sea. ...

Grindrod Considering Investment in Maputo Port

Grindrod looks to invest in Maputo port
Business Report - Johannesburg, South Africa
Durban - Grindrod, the shipping and logistics group that recently reported a 94 percent increase in earnings to R1.1 billion in the six months to June, was investigating making a substantial investment in the Maputo port to bring it on par with Durban, South Africa's busiest port. ...Grindrod and DPW each own 48.5 percent of Portus Indico. The balance of 3 percent is held by a Mozambican shareholder. The Maputo port is run by Portus Indico, which has a 51 percent interest in the Maputo Port Development Company. The Mozambican government and rail operator CFM hold 49 percent. ...

Emirates Industrial Cities Co. Award 41 Million Contract to Sharjah General Contracting

Emirates Industrial City connects with Dubai ring road at a cost of over Dhs41m
AME Info (press release) - United Arab Emirates
Emirates Industrial Cities Co. has sent a contract worth over Dhs41m to Sharjah General Contracting for the enhancement and expansion of the roads surrounding the Emirates Industrial City project. ...Emirates Industrial City project, developed by Al Hanoo Holdings, is located in the Sajaa industrial district in the emirate of Sharjah.
The project covers and area of 83 million square feet and is divided into 8 sections. ...

Dubailand Theme Park Power Supply System

Siemens to deliver power supply system for theme park in Dubai
The FINANCIAL - Tbilisi, Georgia
As part of the expansion of the power supply network in the United Arab Emirates, Siemens Energy is delivering four turnkey high voltage substations for the planned "Dubailand" theme park. The customer is the infrastructure developer Tatweer. The order has a volume of approximately EUR95 million.... Siemens is involved in practically all major projects in the Emirate with its power supply solutions, including the "Burj Dubai" skyscraper, the waterfront developing project "Dubai Waterfront" and the three artificial islands in the shape of palm trees. ...

Zabeel Investments Bid Rejected by Morgans Hotel Group

Morgans Hotel Group shareholders plan action after bid fails
Times Online - UK
Zabeel Investments, a Dubai-based fund, is considering whether to lift its offer for Morgans Hotel Group after the board of the luxury hotel group rejected its $1.4 billion (£796 million) bid last week. The Times understands that David Hamamoto, the Morgans chairman, notifed the sovereign wealth fund that its indicative offer of $22 a share for the Nasdaq-listed company had been unanimously rejected by the board. ...

Cityscape USA 2008 Unites Leading US and Emerging Markets Companies

Cityscape USA Unites Leading US and Emerging Markets Companies For Premiere Real Estate Event at the Jacob Javits Center in NYC - September 9, 10 & 11
Business Wire (press release) - San Francisco,CA,USA
Cityscape USA kicked off its highly anticipated real estate conference and exhibition this week at the Jacob Javits Center in New York. With over 120 exhibitors from around the world, and more than 100 conference speakers, Cityscape USA has organized an influential real estate investment gathering by bridging the gap between the booming emerging markets and the United States. ...From the emerging markets, Abu Dhabi's Tourism Development and Investment Company (TDIC) is presenting Saadiyat Island Cultural District. ...

Tripolis Towers - Libya a $500 Million Project by Nobles Properties

Nobles plans big with Libya project
GulfNews - Dubai,United Arab Emirates
Dubai: Nobles Properties, a new real estate company, is developing the $500 million Tripolis Towers in Libya, officials said yesterday. The Tripolis Towers in the heart of the Libyan capital Tripoli will be developed in line with an agreement signed with OYA Tourism Investment and Development, a subsidiary of Libya's Economic and Social Development Fund. Nobles Properties, a new real estate company, is developing the $500 million Tripolis Towers in Libya, ...

Power Generation & Water Middle East 2008 Events

A Middle East Electricity Event

Innovation and investment is once more on the agenda as several GCC countries consider "Seawater Greenhouses" to provide water for agriculture.

The process uses seawater to cool and humidify the air that ventilates the greenhouse and sunlight to distill fresh water from seawater. At approximately US$ 118m for a 1 hectare site of greenhouses and a 10MW concentrated power farm, this approach could become a low cost, sustainable method of desalination.

The largest vacuum sewerage system in the world is to be implemented in the UAE, on the Palm Jumeirah, it was announced this week. It will deliver waste water to a membrane bio-reactor system sewerage treatment plant located on the trunk of the Palm and the resulting safe water will be used to irrigate landscaping - reducing the demand for desalinated water.

Investment in water projects in the UAE has increased by 20% from US $11.62 billion in 2007 to US $14bn in 2008. There are currently 55 on-going projects - a figure which is expected to rise due to the growing population and sustained economic activities. Abu Dhabi has earmarked US$1.3 billion for the expansion of its existing 5 desalination plants while a further 5 plants are expected to be complete by 2010.

Power Generation & Water Middle East 26-28 October 2008, Abu Dhabi National Exhibition Centre, provides a unique platform for regional and international businesses to showcase their products and services for the power, water and energy sector.

Visit Power and Water Middle East for further information to book a stand and to
pre-register for free, fast-track entry

Power Generation & Water Middle East supporters –The Carbon Capture Storage Association - was formally launched in March 2006, bringing together a wide range of specialist companies across the spectrum of carbon capture and storage (CCS) technologies, as well as a variety of support services to the energy sector. The Association exists to represent the interests of its members in promoting the business of CCS and to assist policy developments in the UK, EU and internationally towards a long term regulatory framework for CCS, as a means of abating carbon dioxide emissions. In addition, the Association supports UK interests in EU and international developments in CCS, as well as providing a sound and transparent information base for the public, professions and policy makers on the benefits of CCS.

INDUSTRY NEWS

Seawater Greenhouses under study
07 Sept 08, The Peninsula
Qatar is toying with the idea of launching "Seawater Greenhouses" in its deserts; an innovative method to turn vast swathe of deserts into arable lands.

Work begins on 170km long Maabela sewerage line
02 Sept 08, Omanet
As part of the Seeb Wastewater Project, Oman Wastewater Services Company has commenced excavation work for building the sewage collection network in Al Maabela.

Gulf nations likely to invest over $320b in energy sector by 2018
01 Sept 08 Gulf News
Gulf Cooperation Council countries are likely to invest more than $320 billion by 2018 to develop oil, gas, power and petrochemical projects to meet burgeoning energy demands of their fast expanding economies.

Bids for Kingdom's first operational plant expected this month
31 Aug 08, Jordan Times
Bids for the Kingdom's first operational wind energy plant are expected to be received by the end of the month, the first in a series of steps projected to speed up utilisation of wind power

GCC in $217bn power capacity expansion drive
31 Aug 08, Emirates Business 24/7
GCC countries are in a serious drive to expand their power capacity and have already earmarked $217 billion on power projects to date. Photo: Osama Abughanim.

Palm will use world's largest vacuum sewerage
28 Aug 08, Arabian Business
The largest sewerage system of its kind anywhere in the world will be used in Dubai's Palm Jumeirah project.

Qatar leads in race to boost power supply
26 Aug 08, The Peninsula
Qatar has taken the lead by switching on the power generation race in the region by spending $ 1bn to upgrade its network supply system.

Kuwait signs loan for controversial Sudan dam
25 Aug 08, Arabian Business
The Kuwait Fund for Arab Economic Development has signed a loan agreement with Sudan to help finance the construction of the controversial Merowe Dam. (Photo: Dam in 2007, Getty Images).

UAE's water project investments jump 20%
25 Aug 08, Emirates Business 24/7
UAE's investments on water projects have increased by 20 per cent from $11.62 billion in 2007 to $14bn in 2008. The number of projects, which leapfrogged from 39 to 55 to date, is expected to rise further due to continuous increase in population and sustained economic activities.

Al Samra Wastewater Treatment Plant to serve millions
24 Aug 08, Jordan Times
Prime Minister Nader Dahabi on Saturday unveiled the $170-million Al Samra Wastewater Treatment Plant in Zarqa Governorate, which is expected to treat an average daily flow of 267,000 cubic metres of wastewater.

___________________________________________________________________
Power Generation & Water Middle East

Power Generation & Water Middle East provides a unique platform for regional and international organisations to showcase their products and services for the power, water and energy sector.

Product areas of interest include:

• Power Generation
• Water
• Cables
• Electricity
• Energy
• Switchgear
• Transformers
• Transmission
• Pumps
• Valves
• Desalination
• Turbines
• Safety Equipment
• Pipes

Visit the Power Generation & Water Middle East 26-28 October 2008 Abu Dhabi National Exhibition Centre or Book a Stand.