Rockwell Group First Office in Middle East

Rockwell Group Launches First Office in Middle East
PR Newswire UK (press release) - London,UK
Rockwell Group Middle East Opens in Dubai to Better Serve Clients in Asia, India, and Africa.

Rockwell Group today announced the November 16 opening of the firm's second satellite office, Rockwell Group Middle East. It will be located in the Jumeirah Lakes Towers district of Dubai, U.A.E. ...

EarthWise Centrifugal Chillers to Dubai World Central Airport

Trane wins key Dubai World Central Project
AME Info - United Arab Emirates
Trane, a global provider of energy-efficient and environmentally responsible cooling & heating systems to homes and buildings around the world has been awarded the contract of supplying fifty of its internationally respected and award winning EarthWise Centrifugal chillers to Dubai's massive Dubai World Central airport development. ...

Luxury $29 Billion Saadiyat Island Complex Still Going Ahead

$29 billion Abu Dhabi complex goes ahead, but hotels may suffer
By The Kitchen Rat
The $29 billion luxury Saadiyat island complex is, amazingly, still going ahead despite the current economic downturn. The complex set to be complete with the usual - marinas and shops - plus the very unusual ...

Salam Street development Project Launched

Dh5bn Salam Street project launched
Emirates Business 24/7 - Dubai, Dubai, United Arab Emirates
Abu Dhabi Municipality yesterday announced the official launch of the Salam Street development project.
Salam, one of the capital's busiest streets, will be upgraded to an urban expressway at a cost of Dh5 billion. It is scheduled to be completed by 2010. This was announced at a press conference by Juma Mubarak Al Junaibi, General Manager of Abu Dhabi Municipality. ...

Louvre Abu Dhabi will be Built

Abu Dhabi will still build branch of Louvre
AsiaOne - Singapore
Abu Dhabi plans to review its tourism investment due to tightening credit conditions, although it will still bring the Guggenheim and Louvre museums to the oil-exporting region. ...

Orangeburg Plans to be Unveiled at the Eeconomic Summit

Jafza International to unveil Orangeburg plans at economic summit
Charleston Regional Business - Mount Pleasant, SC, USA
Jafza International, based in Dubai, United Arab Emirates, is set to unveil its master plan to develop a 1,300-acre logistics and transportation corridor at the intersection of Interstates 26 and 95.

The blueprint will be laid out Wednesday as part of the all-day Orangeburg County Economic Development Summit from 8:30 a.m. to 5:30 p.m. at Orangeburg-Calhoun Technical College. ...

First Casualties of the Global Credit Crunch are Expatriate Employees

Realty check: The big crunch
XPRESS - Dubai,Dubai,United Arab Emirates
Hundreds of expatriate employees of property giants here may be among the first local casualties of the global credit crunch.

In the latest sign of diminishing appetite for risky loans, a confidential circular by Emirates NBD issued on November 6 has advised their staff to suspend credit facilities to expatriate employees of nine property developers. ...

Stromek Wins AED 12 Million Contract Enabling Work on Burjside Boulevard Tower

Stromek wins AED 12 million contract from Damac Properties
Zawya (press release) - United Arab Emirates
Stromek Emirates Foundations LLC, a subsidiary of M'Sharie and one of the leading foundation, Piling and enabling works contractors in the Middle East, has secured an AED 12 million contract from Damac Properties to carry out enabling work on Burjside Boulevard Tower, a luxury residential project located in Burj Dubai District. ...

Qatari Diar to Buy Chelsea Barracks Project Blue Equity

Qatari Diar To Buy London Property
Zawya

Qatari Diar, the property arm of Qatar's sovereign wealth fund, is to buy Christian Candy's CPC Group's equity stake in the Chelsea Barracks Project Blue, London's most expensive development. ...

Off-plan Cancellations Forces a 30% Forfeit

Real estate defaulters targeted by new law
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
New rules announced by the Dubai Land Department will force property buyers who breach contracts or default on payments to forfeit 30 per cent of the sale price to the developer. The developer may also delay any payment until the property is resold to another buyer, the Land Department said in a statement. The new rules, effective immediately, apply only to new contracts. ...

Strategic Development Between Aldar and Ritz-Carlton Hotels

Aldar Hotels & Hospitality announces Strategic Development relationship with The Ritz-Carlton Hotels Company
Zawya (press release) - United Arab Emirates
Aldar Properties today announced the signing of an exclusive development agreement with The Ritz-Carlton Hotels Company which will result in the development of a number of luxury hotels in Abu Dhabi to be managed by The Ritz-Carlton. The parties also announced the signing of the second hotel management agreement under the exclusive arrangement which relates to The Ritz-Carlton Abu Dhabi, Al Dana to be developed at the exclusive Al Dana precinct on Aldar's spectacular Al Raha Beach development.  

Oasis Group Purchased Island D43 from Nakheel

Oasis Group signs Purchase Agreement to develop Island D43 on Nakheel's The World...
Zawya - United Arab Emirates
Oasis Group, a leading international real estate investment and development group of companies, has announced that it has today (Wednesday, November 12, 2008) signed a Purchase Agreement with Nakheel for the purchase of Island D43, located close to the Eastern hub on Nakheel's The World™ project. ...

Orangeburg the Biggest Economic Development Project for the Poor

Dubai company describes SC distribution center
Fort Wayne Journal Gazette - Fort Wayne, IN, USA
Hundreds of government and business leaders gathered Wednesday in Orangeburg for a glimpse of the biggest economic development project ever announced for the poor, rural county located about halfway between Columbia and Charleston.

The project, ultimately a $600 million, 1,300-acre distribution center and manufacturing park,