Al-Reem Island Towers by Rakaa Properties at Cityscape Dubai 2008

Rakaa Properties to showcase Reem Island Towers at Cityscape Dubai 2008 Zawya (press release) - United Arab Emirates Rakaa Properties, the real estate arm of the Saudi owned Rakaa Properties and Holdings, and one of the leading real estate developers in the Gulf, is showcasing the Dynasty and Falcon Crest Towers recently developed on Al Reem Island, Abu Dhabi, at a cost of AED 1.5 billion, using smart building technology. ...

Abu Dhabi’s Mubadala Partner with Kor Hotel Group

Kor Hotel Group and Abu Dhabi's Mubadala Partner to Grow Elite Brands Internationally Business Wire (press release) - San Francisco,CA,USA California-based Kor Hotel Group and Mubadala Development Company (Mubadala), a business development and investment company headquartered in Abu Dhabi, United Arab Emirates, announce the formation of a strategic partnership through Mubadala's acquisition of fifty-percent of Kor Hotel Group. The agreement will focus on aggressive global expansion of The Tides and Viceroy brands in key gateway cities and top resort destinations. ...

Resort on Saadiyat Island to be Managed by Hyatt International

Hyatt to manage new resort on Saadiyat
Trade Arabia - Manama,Bahrain
 Hyatt International will manage the luxurious five-star resort being developed by Abu Dhabi National Hotels (ADNH) on Saadiyat Island.

An agreement was signed today in this respect. Under the terms of the agreement, Hyatt will handle all operational and management aspects of the Park Hyatt that will be developed by ADNH on Saadiyat Island at the northern part. ...

Middle East Electricity Exhibition & Conferences Dubai 2009

	Middle East Electricity Exhibition & Conferences Dubai 2008
	Industry estimates suggest that Gulf Cooperation Council (GCC) countries are likely to invest US$320 billion to meet the energy demands of their fast-paced economies. US$217 billion has already been earmarked to expand power generation capacity. Economies around the globe are being hit hard by effects of the credit-crunch. Despite this, the Middle East remains comparatively untouched and continues to be an attractive prospect for international companies looking to increase revenue from emerging markets. Preliminary estimates from the UAE Ministry of Economy state that Foreign Direct Investment was US$17 billion in 2007 and is expected to grow to US$19 billion in 2008. Exhibition space at Middle East Electricity, taking place 8 – 10 February 2009 at Dubai International Exhibition Centre, has already sold out further highlighting the prosperity of the region and the opportunities for local, regional and international companies. There is currently a waiting list for companies still needing to secure exhibition space. Go to the link to request further information or to book a stand at the Middle East Electricity For free, fast-track access to the Middle East Electricity exhibition, pre-register online today. Middle East Electricity's sister event, Power Generation & Water Middle East Abu Dhabi takes place next month, 26 – 28 October at Abu Dhabi National Exhibition Centre.    MAIN HEADLINES UAE FDI in 2008 may hit $19 billion 10 Sept 08, Emirates Business  The UAE was the top Arab destination for foreign capital during 1997-2006, attracting more than $35bn   Gulf nations likely to invest over $320b in energy sector by 2018 01 Sept 08, Gulf News Gulf Cooperation Council (GCC) 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.   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 (Dh797bn) on power projects to date PARTNER EVENT 26-28 October 2008 Abu Dhabi National Exhibition Centre
	Dewa plans new power stations 15 Sept 08, UAE Interact Dubai Electricity and Water Authority (Dewa) has set out to construct three main power generation stations with a capacity of 400/132 KV in three modern development locations in Dubai as well as electricity transference lines with a capacity of 400KV, with the total cost of the three stations and lines up to Dh2.120 billion. 13 electricity projects to be implemented in Karbala 15 Sept 08, Aswat Aliraq Thirteen electricity projects have been scheduled for implementation in the holy Shiite city of Karbala at a cost of over one million dollars 12 Electricity projects at $5.7 million launched in Yemen 02 Sept 08, Saudi Press Agency Management Authority of Local Council and General Foundation for Electricity signed on Tuesday implementation contracts for 12 projects in electricity field at a total cost of $5.7 million funded by the government, Saba reported.   Nujoom plan updated at Dh600m 17 Sept 08, Emirates Business  Al Hanoo Holding, a leading developer, has updated the master plan for Al Nujoom Islands at a cost of Dh600 million. Dubai Sports City Cricket Stadium will be lit by a ring of fire 14 Sept 08, Arabian Business  Dubai Sports City (DSC), the world's first purpose-built sports city, will host a range of innovative technologies and showcase some of the best facilities in the world. Dubai Outsource Zone opts for solar lights 09 Sep 08, Trade Arabia  Dubai Outsource Zone (DOZ), the first dedicated zone for the outsourcing industry and a member of Tecom Investments.
	$3.32bn raised for Ras Laffan C project 15 Sept 08, The Peninsula Doha: The financing early this month for Ras Laffan C power and water desalination project totalled $3.32bn, the largest non-recourse for a Middle East power and water project. JVA to start construction on Karak, Tafileh, Maan dams next year 15 Sept 08, Jordan Times The Jordan Valley Authority (JVA) will begin construction on three dams early next year as part of a three-year plan to establish nine new dams in different parts of Jordan at a total cost of JD80 million. Jebel Ali sewage water project 58% complete 15 Sept 08, Gulf News Dubai Municipality has completed more than 58 per cent of the work of setting up the new sewage water pumping station at Jebel Ali, which is being set up at a cost of Dhs195 million.   UAE nuclear programme draws praise 08 Sept 08, Gulf News The Arab League General Secretariat has praised the UAE's efforts at using nuclear energy for peaceful purposes. New generation 06 Sept 08, Arabian Business As governments embrace a greener future, can renewable sources remedy the problem of crippling power shortages? Business backs nuclear for UAE 03 Sept 08, 7 Days Over two thirds of regional business leaders believe in using nuclear energy to meet growing UAE electricity demand
	Race for solar plant heats up 06 Sept 08, Arabian Business  The Masdar Initiative could pave the way for solar power across the GCC as countries begin to take the first steps towards solar power generation. UAE urged to develop renewable energy 02 Sept 08, Trade Arabia  Most regional business leaders believe the UAE should invest in the development of alternative and renewable energy such as solar or wind power, bio-fuels or other sources. 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, according to the Energy Ministry.

 

Russian to Pump USD 1.5 Billion into the Dubai Property Market in 2008

International Property Show Moscow 2008 to attract major Russian into the region
Eye of Dubai (press release) - Dubai, United Arab Emirates
Russian investors are expected to pump USD 1.5 billion into the Dubai property market in 2008, as studies reveal their eagerness to find more investor-friendly markets outside their country.

With the outpouring of global real estate investments coming from Moscow-based multinational corporations, Strategic Marketing & Exhibitions (SME), organisers of the 'International Property Show' in Dubai, is set to launch the 'International Property Show Moscow 2008', with the aim of attracting major Russian investors into the emirate. ...