Middle East Electricity Exhibition & Conference Dubai Feb 2009

	Middle East Electricity
	Up to US$50 billion could be spent in GCC countries by 2015 to increase electricity generation by nearly 60,000 megawatts according to recent industry reports. Further investment will also then be undertaken to update transmission and distribution networks. Faced with a possible 35% water and power shortfall by 2012 and with energy consumption in Dubai alone increasing by 15% year on year, regional governments are looking to alternative energy sources including renewable and nuclear to meet the rising energy demand. Visiting Middle East Electricity, held from 8-10 February 2009 at Dubai International Exhibition Centre, is essential if you are looking to witness the latest technological advancements in the Power Generation, Electricity, Lighting, Water, Nuclear and New & Renewable Energy sectors and to learn how they can assist your business. For free, fast-track access to Middle East Electricity 2009, with over 1,000 local, regional and international exhibitors, click here to pre-register. Exhibition space at Middle East Electricity is SOLD OUT. To request further information about the waiting list, click here. Power Generation & Water Middle East, the sister event to Middle East Electricity, takes place from 26-28 October at Abu Dhabi National Exhibition Centre. For further information visit http://www.powerandwaterme.com/ MAIN HEADLINES $95bn new city planned for Dubai 6 Oct 08, Arabian Business A Dubai government firm on Monday announced it will build a "new city" in the booming Gulf emirate at a projected cost of $95 billion. $1.2bn GCC power grid to start trials by year end 30 Sept 08, Arabian Business The Gulf Co-operation Council Interconnection Authority will soon start trial operations of its $1.2 billion electricity grid that will connect Gulf states and help meet the region's rising energy needs. Dubai commits Dh72bn for utility projects 29 Sept 08, Emirates Business 24/7 Dubai has committed Dh 72 billion to fund its utility projects, which have been implemented during 2008 or are still under construction.
	$2.1b allocated for thermal powerplant construction 27 Sep 08, Tehran Times About $2.1 billion has been allocated to thermal power plant construction, the Iran Power Development Company managing director said. Kingdom to invest $318b in energy sector 24 Sept 08, Saudi Gazette The Kingdom of Saudi Arabia is forecast to invest around $318 billion in energy over the next few years. Design unveiled for new world's tallest tower 5 Oct 08, Arabian Business 24/7 Nakheel has unveiled plans to build the tallest tower in the world to dwarf the Burj Dubai. Limitless reveals $350mn island resort plan 22 Sept 08, Arabian Business Limitless is to create a $350mn, 10.5 hectare luxury resort on a manmade island 14 kilometres off the Dubai coastline.
	Water Resources Ministry announces its plans erecting dams in Kurdistan region 09 Oct 08. Aswat Alaraq Baghdad - Iraq's Ministry of Water resources Thursday announced it signed a number of agreements with International firms to erect dams in Kurdistan regions. Private sector to build desalination plant in south Jeddah 06 Oct 08, Arab News A new desalination plant with a daily capacity of 50,000 cubic meters will be established by the private sector south of Jeddah. Oman to Work with IAEA 05 Oct 08, Khaleej Times Oman, which has just become a member of the International Atomic Energy Agency (IAEA) for the first time, has pledged to fully cooperate with the Geneva-based organisation, especially in the spheres of power generation and water desalination. UAE donates $10mn to nuclear energy partnership 30 Sept 08, Arabian Business 24/7 The UAE has donated $10 million to support the activities of the Global Nuclear Energy Partnership (GNEP), a project aimed at promoting commercial use of nuclear power and accelerating and enlarging peaceful nuclear uses.
	Dubai Needs Renewable Energy 5 Oct 08, Khaleej Times The city's per capita energy consumption is growing at the rate of 15 per cent a year and environmentalists say that exploration and development of renewable energy resources is one of Dubai's most urgent needs. New unit set up to make UAE more eco-friendly 22 Sept 08, Arabian Business A special unit has been set up by the UAE's Minister of Environment and Water in a bid to make the country more environmentally friendly.

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Karachi Electric Stake Deal

Dubai's Abraaj Capital buys into Karachi Electric
Reuters via Yahoo! Malaysia News
Dubai-based private equity firm Abraaj Capital said on Wednesday it had bought a stake in Karachi Electric Supply Co , but did not give a value for the deal. ...

First Phase of Sales for Deyaar Enclave Starts

Deyaar Enclave sales begin Zawya - United Arab Emirates Deyaar Development yesterday launched the first phase of sales for Deyaar Enclave, its first mid-size residential community development, in the International Media Production Zone (IMPZ). The development comprises nine residential buildings and a range of townhouses, duplex flats with terraces, one and two-bedroom apartments as well as studio flats with extensive landscape views. ...

Multi Billion Foray Launched into Dubai Waterfront

Sheffield Real Estate announces multi-billion foray into Dubai Waterfront
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Sheffield Real Estate, one of the leading Dubai-based real state houses, developer of the skyscraper Marina 101, today unveiled a major expansion of its project portfolio by announcing its foray into Dubai Waterfront, the world's largest waterfront development of Nakheel located near the new Dubai World Central Airport.

 

In a statement, Sheffield said it will have three projects on the Dubai Waterfront at a cumulative investment value of AED 3.5 billion (over US$1 billion). ...

X-Calibur International Dubai's New Headquarters

Dubai-based X-Calibur 'LEEDs' by example in USA
Zawya (press release) - United Arab Emirates
The expertise of a Dubai-based company has been called on to help reduce the environmental impact of the new Washington DC headquarters of the US Green Building Council - the body charged with setting green standards.

 

Dubai-based X-Calibur International - which supplied special environmentally friendly sealers for Burj Dubai, the world's tallest building currently under construction - has started work on the Green Building Council's new headquarters on two floors of an existing 12-storey building just two miles from The White House. ...

Health Sector not Affected by Global Crisis

Abu Dhabi Healthcare Investment At Dh18 Billion
Investment in Abu Dhabi's health sector reached Dh18 billion and is the best kind of investment because of high returns and promising growth, said a top official.

Moreover, the sector has not been affected by the global financial crisis, which had impacted the banking and real estate sectors …

Grand Avenue Project to go Ahead

Korean firm to invest $100 million in Grand Avenue project
Los Angeles Times - CA, USA
The developer of the massive Grand Avenue project in downtown Los Angeles said Tuesday that it had secured an additional financial partner for the long-delayed project.

The Korean investment firm Honua Group will invest $100 million in capital funds in the first phase of the project, which has been subjected to a series of delays as the credit market has tightened. ...

250 Major Construction Projects in Bidding Phase

$250bn Gulf projects in bidding phase
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
In spite of fears that the global credit crunch and economic slowdown could impact the Gulf, latest analysis shows there are still more than 250 major civil construction projects in the bidding phase across the region worth nearly $120 billion....

Yas Marina Circuit Hotel

Yas Marina 'will be something else'
The National - Abu Dhabi, United Arab Emirates Centrepiece of the Yas Marina Circuit, unveiled in detail for the first time yesterday, will be the "drive-through" hotel.
Race cars will travel at speed down a short straight between the hotel's two main buildings and under the pedestrian bridge linking them, giving spectators the best possible view. ...

UAE Pump $19 Billion Into UAE Banks

UAE orders new $19 billion emergency funds for banks: WAM
Reuters - USA
DUBAI (Reuters) - The United Arab Emirates more than doubled its emergency bank funding plan to 120 billion dirhams ($32.67 billion) on Tuesday as Gulf Arab states stepped up moves to combat the global financial crisis.

But the Gulf Arab state left bankers guessing about how it would employ the 70 billion dirhams ($19 billion) of new cash -- the biggest Gulf cash intervention to date -- after the UAE central bank opened a 50 billion dirham emergency lending facility last month. ...