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Page 1 UAE MEGA PROJECTS

13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/


S UN D A Y , M A Y 1 1 , 2 0 1 4
Mega Projects Could Cost More Than Expected
With more than $2.5 trillion worth of projects in prospect in the
years to 2030, the GCC is set to enjoy one of the greatest
construction booms the world has ever seen.
But there are risks as well as rich prizes for those bidding for major
projects in the region, says Anthony Holmes, director of the UKs
Institute for Infrastructure Studies and an internationally recognized
authority on the economic impact of Mega Projects.
The chances of there being problems with the regions Mega Project
program are enormous, Holmes says. Elsewhere in the world,
these projects tend to go 40-80 percent over budget. International
experience has also shown that big projects dont get delivered on
time.
Whats happening in the Middle East region to suggest the outcome
will be different? says Holmes. There is nothing. It is all being done
in the same way. This could mean that the project program in Qatar
alone is going to cost at least $80bn more than budgeted.
MEED(Middle East Economics Digest) estimates that at least 150
projects each worth a minimum of $1bn are due to be completed in
the GCC by 2030. Their combined value is estimated at close to $
900bn, more than one-third of the value of all projects under way at
present or planned in the region.
Details of some of these Mega Projects will be comprehensively
UAE MEGA PROJECTS IS THE
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ESTATE PROJECTS OF THE MIDDLE
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UAE MEGA PROJECTS
Started In 2007 By Middle East Real Estate Expert Brett Siegel, UAE MEGA PROJECTS Completely
Covers The Incredible Mega Projects Being Developed In The United Arab Emirates: Dubai, Abu Dhabi,
Sharjah, Ras Al Khaimah, Ajman, Fujairah And Umm Al Quwain. Also Covering: Bahrain, Qatar, Oman,
Egypt, Lebanon, Kuwait And Saudi Arabia. Includes Over 50 Mega Project Industry News Feeds
Continuously Updated Giving You The Most Current And Complete Information Available!
Page 2 UAE MEGA PROJECTS
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discussed at the forthcoming Arabian World Construction Summit
(AWCS) on May 12-14, 2014 in the Sofitel Hotel Palm Jumeirah,
Dubai. During the conference, local and international experts will
also discuss project opportunities and challenges throughout the Arab
world, with rising costs as one of the most important factors that
could impact on completion and delivery of Mega Projects.
What is clear is that theres an enormous concentration of planned
project activity in the region, Holmes says. You have to think
about the material needed to execute all that work. There doesnt
seem to be sufficient work done on quantifying the needs in the years
to 2030.
The rise in costs may be something that Qatar can absorb, but
competition for building material, equipment and talent will have an
impact on poorer nations in the region.
If you look at places like Turkey and Egypt, you see that they wont
be able to do the things they want, says Holmes. Resources are
going to be diverted to Qatar and other GCC markets.
GCC countries also dont have to go to the international capital
market, says Holmes. But others in the region like Egypt, Oman
and Turkey will have to. So even if GCC countries can afford the
additional costs, there will be regional implications.
Holmes, an economist and former investment banker, will moderate
the infrastructure Mega Project development Masterclass during the
Arabian World Construction Summit. He will also participate in the
conference as an expert panelist.
At the AWCS, Holmes will highlight the risks facing all those involved
with delivering Mega Projects. But his focus will be identifying
actionable solutions.
What can be done is better co-ordination, particularly in
information, he says. You cant make decisions about material
resources unless you have information. We need someone to
establish a non-partisan body and capture data about future trends in
the regional projects market. And there needs to be a regional
investment bank that looks only at infrastructure projects.
Adding to Holmes comment on the importance of capturing hard
data about future trends, Alistair Kirk, industry expert and Middle
East Head of Infrastructure at EC Harris says, Key pieces of
infrastructure stimulate wider economic growth and generate
agglomeration benefits from supporting urbanization and industrial
growth to providing stronger trade links. With the major construction
boom expected in the region over the next 14 years, relevant
industry data and research, pertaining to the infrastructure sector, is
fundamental for industry players.
Highlighted within the 2014 Global Infrastructure Investment Index
(GIII), the UAE and Qatar are highly ranked among the worlds 40
most dynamic countries with greatest potential for growth and
investment in infrastructure. The analysis reveals insights into the
peculiarities and opportunities in these countries, showcasing areas
for long-term growth, financial risks and financial investor
prospects.
EC Harris GIII report is expected to launch regionally this quarter to
further support the regions infrastructure Mega Projects. Regional
experts across the sectors from EC Harris will participate and speak
at the conference this week.
"I RECOMMEND READING UAE MEGA
PROJECTS FOR PROJECT REFERENCE
OR FOR INVESTORS WHO ARE
INTERESTED IN INVESTING IN THE
UAE AS IT GIVES A CLEAR VIEW OF
THIS MARKET, AND MANY THANKS
FOR BRETT ON DOING SUCH A
GREAT INITIATIVE ." Mubarak Al
Amry, COO, Al Amry Group, Abu
Dhabi
Brett Siegel - Profile and Contact:
View my complete profile
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Page 3 UAE MEGA PROJECTS
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Posted by Brett Siegel at 9:50 AM
As the premier construction event in the region, AWCS received
overwhelming support from projects market stakeholders, such as
CPC and HSBC which signed up as the events Strategic Event
Sponsors; Hyder Consulting and BESIX / Six Construct as Gold
Sponsors; Projacs, AGIS and Mashreq as Silver Sponsors; Drake &
Scull, Hill International, Zurich and AKSA as Conference Sponsors;
Bentley Systems as the CEO Forum Sponsor and Deloitte as
Knowledge Partner.
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M ON D A Y , A P R I L 2 8 , 2 0 1 4
GCC Invests Heavily In Turkish Real Estate
Demand for luxury residences in upmarket districts of Istanbul
continues to rise, fueled by buyers from the Middle East who are also
attracted by investment opportunities presented by developments in
the citys growing suburbs, said Turkish property agency Spot Blue
International Property in April.
In March 2014 alone, foreigners bought 478 properties in Istanbul, out
of a nationwide total of 1,362, according to the Turkish Statistical
Institute. Istanbul accounted for 20 percent of all property
transactions in Turkey during March. Evidence suggests that districts
such as Bebek and Nianta on the European side of the city, and
Badat Street on the Asian side are helping to drive foreign sales, as
they attract an increasing number of wealthy citizens from the Gulf
Nations. Sales to foreigners are further boosted by Middle Eastern
investors targeting buy-to-let opportunities in residential
developments in the suburban districts of Bahcesehir, Sariyer,
Beylikduzu, Arnavutkoy and Esenyurt.
The Gulf-Turkish affair is gaining momentum, said Julian Walker,
director at Spot Blue International Property. Only this month,
Istanbul hosted an investment summit during which Turkish President
Abdullah Gul invited investors from Kuwait, Qatar, Saudi Arabia and
the United Arab Emirates to come to Turkey. Earlier in the year, a
Turkish delegation was in Qatar promoting Turkey while a Kuwait
Turkish Real Estate Forum will take place in Kuwait at the end of
April. At Spot Blue we have seen a rise in interest from Kuwaitis and
Qataris in particular in recent weeks. For Gulf investors, Istanbul is
an attractive stepping stone between the East and West, as well as a
place to be seen.
Confidence in Istanbuls property market has been boosted by a
series of infrastructure projects set in motion by the governing AK
Party, including a new mega airport and improved transport links
between the Asian and European sides of the city, as well as an
extension of the underground. In addition, $50 Billion has been
committed to re-developing entire districts to ensure all buildings are
earthquake proof. Construction is currently Turkeys biggest industry
sector.
Growth in Istanbuls real estate market is unmatched by European
markets, most of which remain depressed, and price growth is
occurring at similar levels to London. Typical buy-to-let investments
are in the $150,000 to $200,000 bracket, continued Julian Walker.
The market is moving quickly though. Our representative in Istanbul
reports that new apartments in prime areas of Beylikduzu that were
on the market six months ago for $80,000 could be worth circa $
100,000 once the development is completed later in the year.
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Capital Gate, Abu Dhabi:
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Page 4 UAE MEGA PROJECTS
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Posted by Brett Siegel at 10:32 AM
Complementing Istanbuls growing status amongst the international
jet set is its increasing appeal to tourists. The city was voted the best
place to visit in the world in this years TripAdvisor Awards, while 35
million people visited the country as a whole last year, a 10 percent
increase over 2012, according to the countrys Culture and Tourism
Ministry.
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WE D N E S D A Y, A P R I L 1 6 , 2 0 1 4
$4 Trillion Construction Boom In MENA Region!
With more than $40bn worth of new contracts awarded in the six-
nation GCC alone in the first quarter, the projects markets of the
Middle East are set to enjoy a record-breaking year in 2014.
So far, the high profile projects that have been awarded include the
$12bn Kuwait National Petroleum Companys Clean Fuels Project;
Qatars Ashgal has so far awarded over $3bn for the Expressway and
LRDP projects; Abu Dhabis Musanada has awarded over $1bn worth
of contracts for the Mafraq-Ghuweifat Road Development project;
Qrail has awarded $700mn worth of contracts for the Elevated
Section of the Doha Metros Red Line South project; and Al Reem
Island in the UAE has awarded the main contract with a value of $
705mn.
MEED's (Middle East Economic Digest's) latest forecast is that new
contract awards in the GCC will approach $150bn in the year ending
2014 compared with about $135bn in the previous 12 months. The
project boom encompasses all six markets and extends across all
sectors.
Confidence is being further lifted by the irresistible rise in project
spending in Iraq where oil production last year reached an all-time
high of more than 3m b/d. At least $20bn of new contracts are
expected to be placed in Iraq by the end of 2014 in a capital
investment program that will establish the country as one of the
most exciting prospects in the world for the local, regional and
global construction industry.
Figures compiled by MEED Projects show that a total of almost $2.5
TRILLION worth of contracts are planned or under way in the GCC. A
further $500bn worth of projects are at a similar stage in Iraq. For
the MENA region as a whole, more than $4 TRILLION worth of
projects are planned or under way.
This vast, varied and challenging opportunity will be comprehensively
reviewed in MEEDs annual Arabian World Construction Summit
(AWCS) which opens in the Sofitel Hotel on Palm Jumeirah on 12 May.
More than 60 speakers representing all high-growth Middle East
construction markets and the regions largest project sectors will
address the event.
Among the highlights of the summit includes a keynote session on
developing Solution-based Delivery Strategies for the Regions
Complex Construction Projects. Dr. Faysal Alaquil, Director,
Department of Business Development & CSR, Construction Products
Holding Company (CPC) of Saudi Arabia, a Strategic Partner of the
event, says the complexity of the Mega Projects either underway or
in the pipeline requires contractors to design and execute to the
highest quality standards available. We will share a number of
building solutions that will help transform these projects from
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23 Marina
360 Kuwait
ABG Tower
ADIC Headquarters
Ajmakan
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Al Hitmi Commercial And
Residential Development
Al Mada Towers
Al Manhal
Al Marasy Development
Al Marina
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Page 5 UAE MEGA PROJECTS
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concept and design to physical realities that are not only of the
highest technical standards, but conform to sustainable and
environmental practices.
Across the region, there is a greater need for social and housing
capacity. In the past six years, according data collated by MEED
Projects, residential projects comprised 29 percent of total
construction projects awarded during the period, followed by mixed
use projects at 18 percent.
With real estate opportunities back to pre-bust days, meeting the
growing demand for private residential and social housing
developments will be of paramount importance. Imad Ghantous,
Managing Director-Property, Hyder Consulting Middle East, says
rapid population growth will be a key driver of this continued
growth in the construction sector, with a particular focus on
residential and social infrastructure projects. Experts currently
estimate that the regions population is expected to grow to more
than 600 million by 2030, from around 340 million today.
Saudi Arabia, the Middle Easts biggest project market which is
expected to witness more than $70bn of projects awarded in 2014,
will once again be at the heart of the conference. Speakers will
review the trends in the Kingdoms construction industry and
evaluate the opportunities in energy, water, rail, port and real
estate markets. Special attention will be paid to the remarkable King
Abdullah Economic City (KAEC) in Rabigh where one of the worlds
largest new ports started operations earlier this year, and progress on
the Jeddah Kingdom Tower, the worlds tallest building, and the
supporting development. A special presentation will be delivered by
the General Authority of Civil Aviation (GACA), the largest new
airport client in the Middle East.
The UAE will get special attention as investment in the federation
starts in the race to the opening of the World Expo in Dubai. More
than $100bn worth of new projects are on the agenda for the Emirate
which expects 25m people to visit the six-month expo. The
conference will review some of the largest real estate developments
in Dubai including exciting projects being developed by Meraas
Holdings.
Other markets to be reviewed will include Oman, Bahrain, Iraq and
Egypt where 40 Mega Projects worth more than $500m are planned or
under way.
The challenge of delivering complex, multi-component Mega Projects
will be one of the key themes of AWCS 2014. Regional and global
experts in Mega Project delivery and the role high-level program
management can play in bringing Mega Projects in on time and
budget will be among the primary topics of the event.
The AWCS was launched in 2007 and is established as the premier
annual event for major clients and senior construction industry
executives working in the Middle East Mega Project market, says
MEED Events Chairman Edmund OSullivan. This year, the delegates
will learn about the widest range of new projects and construction
opportunities since the first AWCS opened seven years ago. Im
confident they will leave inspired to intensify their efforts across the
region.
As the premier construction event in the region, AWCS has been able
to enlist the support of CPC and HSBC as Strategic Event Sponsors;
Hyder Consulting and Six Construct as Gold Sponsors; Projacs, AGIS
and Mashreq as Silver Sponsors; Drake & Scull, Hill International,
Bahrain Financial Harbour
Bahrain World Trade Center
Barwa Financial District
Bawabat Al Sharq
Bay Central
Bay Square
Bayan Palace
Bayswater
Beirut Waterfront
Blue Bay Tower
Boulevard Plaza
Burj Al Arab
Burj Khalifa
Burj Qatar
Burj Rafal
Business Bay Dubai
Capital Centre
Capital Gate Tower
Cayan Tower
Central Market Abu Dhabi
City Of Arabia
Citystars
D1 Tower
Diyar Al Muharraq
Doha Festival City
Dubai Industrial City
Dubai International Financial
Centre
Dubai Investment Park
Dubai Lagoon
Dubai Mall
Dubai Marina
Dubai Maritime City
Dubai Motor City
Dubai Pearl
Dubai Silicon Oasis
Dubai Sports City
Dubai World Central
DuBiotech
Durrat Al Bahrain
Durrat Al Fintas
Elite Residence
Emerald Palace
Emirates Financial Towers
Emirates Palace
Escan Marina Tower
Etihad Towers
Executive Towers
Fairmont The Palm
Page 6 UAE MEGA PROJECTS
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Posted by Brett Siegel at 10:57 AM
Zurich and AKSA as Conference Sponsors; Deloitte as Knowledge
Partner and EC Harris as Lunch Sponsor.
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M ON D A Y , M A R C H 2 4 , 2 0 1 4
Oman Comes On Strong With New Salalah Rotana
Resort
The five-star Salalah Rotana Resort is now officially opened in the
capital of the southern Omani province of Dhofar. The stunning 400
room waterfront resort, part of the companys steadily expanding
Rotana Resorts, is the Sultantes largest free-standing hotel in Oman.
We pride ourselves in identifying desirable travel destinations and
are excited to begin a new journey today at the first hotel to be
operated by Rotana in Oman. Not only does it take us one step closer
to reaching our ultimate vision but it has strengthened the companys
standing as the leading hotel management company in the region,
stated Omer Kaddouri, President & CEO of Rotana.
Set on the pristine Arabian coast only a stones throw from the
famous Salalah Beach, each of the resorts luxury rooms and suites
are positioned directly on unique lagoons or nestled around water
features and an elaborate network of man made waterways which
connect the property to the Indian Ocean and which are filled with
105,000m2 of seawater refreshed every four days using natural tidal
patterns.
Salalah Rotana Resort sits at one with nature, and has been designed
to offer guests a distinctive sense of calm. Drawing inspiration from
the landscapes natural beauty and culture, the heart of the hotel
boasts high ceilings and a central internally-lit handmade red clay
dome complementing the wooden finishing and decorative
mashrabiya latticework windows. The in-room furnishings have been
carved from desert rock while Arabesque geometric designs and
stone archways, constructed using traditional techniques, resemble a
cathedral atrium.
Ranging from 43 sq meters to 143 sq meters, Salalah Rotana Resort
boasts some of the most spacious accommodations in Oman. Private
terraces or balconies, ensuite bathrooms and generous living areas in
each room and suite allows for optimal privacy and superior comfort
in a grand setting. The perfect destination for every type of
traveller, the resorts wide variety of dining options range from
casual beachside cuisine and all-day-dining to fine dining Middle
Eastern and Western fare.
Guests looking to rejuvenate and rebalance the body can make use of
the Bodylines leisure and fitness club and impressive outdoor pool or
indulge in spa treatments at Zen the spa, Rotanas home-grown spa
concept derived from ancient holistic Asian philosophies, which
includes eight single-sex only treatment rooms and blends natural
Omani elements with holistic treatments and rituals including full
body massages, facials and soothing wraps.
Business visitors will benefit from a superb range of meeting rooms
and a state of the art Business Center in addition to an array of
business and leisure facilities.
Whether socializing at The Beach Bar & Restaurant, relaxing by the
poolside or spending time with children in the sophisticated playful
Kids Club, Salalah Rotana Resort exceeds the expectations of the
Ferrari World Abu Dhabi
Goldcrest
Golden Mile Palm Jumeirah
Grosvenor House & Residence
Hajar Tower
HHHR Tower
Ibn Battuta Gate
Jazan Economic City
Jeddah Gate
Jewel Of The Creek
Jubail City
Jumeirah Lakes Towers
JW Marriott Marquis Dubai
KBT Towers
Khalifa Industrial Zone
King Abdullah Economic City
King Abdullah Financial District
King Road Tower Jeddah
Kingdom Centre
Kingdom Of Sheba
Kingdom Tower
Kuwait Oil Sector Complex
La Hoya Bay
Lamar Towers
Lusail City
Madinat Al Fahaheel
Madinaty
Makkah Clock Royal Tower
Marina 101
Marina Mall Kuwait
Marina Pinnacle
Marina Square Reem Island
Marina West
Marina Wharf
Marina World
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Massaleh Towers
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Maze Tower
Meena 7 Towers
Meydan City
Mina Al Arab
Mirdif City Centre
Mohammed Bin Rashid Gardens
Musheireb
Nation Towers
Nurai Island
O-14 Tower
Page 7 UAE MEGA PROJECTS
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Posted by Brett Siegel at 10:12 AM
most discerning guest.
++ I am glad to see Oman developing their own kind of Mega Projects
that fit perfectly with the overall environment of the Sultanate.
Here is a link to the Salalah Rotana Resort site:
http://www.rotana.com/rotanahotelandresorts/oman/salalah/
salalahrotanaresort
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T HUR S D A Y , M A R C H 2 0 , 2 0 1 4
Qatar Registers Second Highest Growth Rate In
GCC Projects Market
Qatars projects market grew 26 percent last year, the second
highest growth rate in the GCC, where project awards increased
overall by 21 percent between 2012 and 2013, the first growth year
since 2009.
The data was presented in a breakfast briefing at the Qatar Projects
Conference, where a MEED Insight report detailed a comprehensive
review of the GCC projects market from 2008-2013. The report said
2008 was a landmark year for Qatar, when over $22bn worth of
projects were awarded predominantly by the construction and power
sectors for megaprojects such as Ras Girtas Power & Water,
Kharamaa Transmission Phase VIII, Barwa City Development and the
Lusail Development.
Fast forward to 2013, Qatar maintains its momentum, awarding as
much as $20bn on projects such as Qrails Doha Metro Red and Green
Lines and several stations, which account for 41 percent of all
projects awarded in the country.
Overall, during the period in review from 2008-2013, Qatars project
market accounted for 12 percent ($96bn) of the total projects
awarded in the GCC, for a massive outlay of an average of $16bn a
year.
MEED Insight expects a robust 2014, with project awards estimated to
range between $140-150bn. The outlook is also positive over the
long-term, as GCC economies continue to grow and as the population
explodes requiring further investments in infrastructure.
Challenges will most likely come from stiffer competition as
contractors from Asia move to gain a bigger share of the market; and
financing will play a factor in ensuring projects are not delayed.
Meanwhile, Elie Andraos, General Manager of Al Maysan, says the
steady growth of the projects market is a great opportunity for heavy
equipment and machinery suppliers. Our participation in MEEDs
Qatar Projects Conference 2014 is due to its importance in attracting
local and international contractors. This conference is considered as
a unique opportunity to display SANYs heavy equipment and its
proven reliability and quality in major construction projects in the
GCC region. We are delighted to have participated, as it falls in line
with Qatars 2030 vision in all aspects, particularly economic and
construction, he added.
Qatar Projects Conference concluded successfully, with optimism
high among project stakeholders about the continued expansion of
the projects market in Qatar. This years conference was supported
by Samsung as the Official Technology Partner, Qatar Steel as
Ocean Heights
Olaya Tower
One Business Bay
One&Only The Palm
Orra Marina
Pacific
Palace Towers
Palazzo Versace Dubai
Palm Jumeirah
Park Towers
Princess Tower
Qatar Entertainment City
Qatar Financial Centre
Qatar Science And Technology
Park
Regal Tower
Remraam
Riffa Views
Rolex Tower
Rose Rayhaan
Royal Amwaj
Royal Oceanic
Saadiyat Island
Sabhan Industrial Project
Salhia Complex
Sama Beirut
Sama Tower
Shams Abu Dhabi
Shams ArRiyadh
Sharq Village And Spa
Shatha Tower
Silver Tower
Silverene Towers
Sorbonne Abu Dhabi
Sowwah Island
Sowwah Square
Stargate Park
Sulafa Tower
Sun And Sky Towers
Taj Exotica
Tameer Towers
The Address
The Citadel
The Gate Qatar
The Headquarters Business Park
The Index
The Onyx
The Opus
The Pearl Qatar
Page 8 UAE MEGA PROJECTS
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Posted by Brett Siegel at 10:00 AM
Associate Partner, Mashreq and Global Building Solutions as Silver
Sponsors, Parsons, Al Maysan and Larsen & Toubro as Bronze
Sponsors.
Other corporate partners include Ibq (Gala Dinner Sponsor), Qatar
Insurance Group (Lunch Sponsor), SEIB (Dedicated Partner and
Breakfast Sponsor), PWC (as Reception Sponsor), HSBC (Masterclass
Sponsor), Drake & Scull, ECG Engineering Consultants Group SA,
Zurich Insurance and Hill International as Conference sponsors; and
Shapoorji Pallonji as the Networking Sponsor.
Exhibiting companies include Al Jaber Engineering, ASTAD Project
Management, International Aramoon Co Ltd as well as Salfo and
Associates SA.
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WE D N E S D A Y, M A R C H 1 2 , 2 0 1 4
Marjan Island Resort & Spa Opens in Ras Al
Khaimah
Located on a private island off the coast of Ras Al Khaimah, Marjan
Island Resort and Spa opened its doors to the public this month.
Offering spacious and sumptuously decorated accommodations, the
resort boasts a total of 302 rooms and suites with large balconies
from which guests can view idyllic island sunsets with the warm
waters of the Arabian Gulf right on the doorstep. All rooms and
suites, designed in palatial grandeur and thoughtfully decorated with
Arabian touches, feature exclusive amenities and advanced
interactive multimedia systems.
Marjan Island Resort and Spa prides itself on being a true family
destination with a superb range of facilities and activities for even
the very youngest of guests, including an indoor-outdoor playground,
Pirates Club, Youngsters Entertainment Fun Center, dedicated
childrens swimming pool and a host of watersports on the islands
two pristine beaches. Visitors will discover a variety of delectable
dining outlets on the resorts 1-km seafront boardwalk.
Relaxation and wellbeing are essential elements of the resorts
vision, with an entire floor dedicated to the LaMar Holistic Wellness
Spa which houses separate ladies and gentlemens treatment rooms,
Hamams, steam rooms, saunas, Jacuzzis, gyms and an indoor
swimming pool. Guests can book an appointment with a nutritionist
or a cosmetic specialist, which forms part of the resorts extensive
wellbeing facility.
For business there is no need to leave the resort. With a 250-person
ballroom, fully serviced business center as well as a boardroom and
various breakout rooms, executives and decision-makers will have
everything they need to get the job done.
Ive been in the hotel business for over 30 years, and you dont get
opportunities like this very often, to work in a destination as
beautiful and rewarding as Marjan Island - Ras Al Khaimah, managing
a property as amazing as Marjan Island Resort and Spa, said Roger
Tannous - General Manager, a Lebanese national who is also fluent in
English and French and Arabic. I am thrilled to be working with
Marjan Island Resort and Spas management and owners. This resort
is a one-of-a-kind, offering families a complete immersion in an
authentic, intimate Arabian experience soaking up the culture,
hospitality, tranquility and stunning surroundings, and that remains
truer today than ever before.
The Prism
The Regent Emirates Pearl
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Page 9 UAE MEGA PROJECTS
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Posted by Brett Siegel at 9:44 AM
We already have such an incredible property, the type of place
where you can spend a week and not go out at all, just soaking up
the cultural experience and one of the regions biggest spas, fine
restaurants and lavish guest rooms, said Khalid Motik EAM Marjan
Island Resort & Spa.
We are confident that now is the time to bring Marjan Island Resort
and Spa Ras Al Khaimah to the world. We have listened carefully to
what our customers are looking for and we have taken the necessary
time to ensure the product offering is just right. It has been
meticulously planned and we are extremely happy with the result.
Mr. Motik further added.
++ Marjan Island Resort and Spa is owned by Manazil Real Estate
Group of Sharjah and managed by InnovationZ Hospitality Group,
specialists in resort operations, and is located on a private island off
the coast of Ras Al Khaimah in the United Arab Emirates. They have
done a great job with the development of this Mega Project! Here is
a link to their website:
http://www.marjanislandresort.com/
No comments:
S UN D A Y , J A N UA R Y 1 9 , 2 0 1 4
Completed GCC Construction Projects Up 27
Percent In Value For 2013
++ Total value of completed projects reached US$69.91bn
++ Residential (US$30.3bn), Commercial (US$12.7bn) and Education
(US$7.01bn) were the leading sectors
++ GCC Interior Contracting and Fit-out Market also increased by 8
percent
++ A further 17 percent and 18 percent increase forecasted in 2014
for the Construction and Interiors Markets respectively
Construction projects across all building sectors worth US$69.91bn
were completed in the GCC in 2013 according to a study conducted
by Ventures ME and commissioned by DMG Events. The research also
looks into 2014 and estimates projects for US$83.41bn (+17.43%) to
be completed and US$82.2bn to be awarded across the year. US$
7.81bn is the value of the related 2013 GCC Interior Contracting and
Fit-out Market that registered an 8 percent increase compared to
2012 and is expected to increase by another 18 percent this year.
This is the third consecutive year that DMG Events, the company
behind INDEX - the leading MENA Design exhibition and workspace
at INDEX, has invested in the study, contributing to the global
industry with useful regional market insights.
Overview of 2013 GCC Building Construction Projects:
With residential (43.3%), commercial (18.2%) and educational (10%)
segments leading the way, 2013 has been a positive year for the
construction market. US$69.91bn worth of projects were completed
with a further US$71bn worth of projects awarded. Hospitality,
medical and retail buildings were also completed with total values
of US$4.6bn, US$2.4bn and US$1.8bn respectively.
KSA and the UAE rank in the top two positions for all sectors with the
Bonyan Group
Burooj
Capitala
Cayan
Credo Investments
DAMAC Properties
Dar Al-Arkan
Dar Qatar
DEC
Deyaar
Dhafir Development
Dubai World
Emaar
Enshaa Real Estate Development
Era Projects
Escan Development
Eshraq Real Estate
ETA Star
Ezdan Real Estate
First Bahrain
First Dubai Real Estate
Development
First Qatar
Fortune Group
Gulf Holding
HAR Properties
Hydra Properties
Injaz Development
Inovest
Investors Holding Group
Iris
Ishraqah
Jabal Omar Development
Khoie Properties
Kingdom Holding
Kuwait Business Town Real
Estate
Kuwait Remal Real Estate
Limitless
Mabanee
Mada'in Properties
Madeed Properties
Makkah Construction And
Development
Manara Developments
Massaleh Real Estate
Massar International
Memon
Meraas Development
Page 10 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
Posted by Brett Siegel at 9:28 AM
exception of education and healthcare for which Qatar ranks top with
completed projects worth US$4.6bn in the educational segment
(KSA: US$1.01bn; UAE: US$714m) and worth US$1.12bn in the
healthcare segment (KSA US$482m; UAE US$570m).
Overview of 2013 GCC Interior Contracting and Fit-out Market:
The value of the GCC Interior Contracting and Fit-out Market in 2013
was US$7.81bn an increase of 8 percent when compared to 2012.
KSA was the largest market with a 47.4 percent share (US$3.7bn)
followed by the UAE and Qatar valued at US$2.39bn and US$953m
respectively. The residential sector accounted for almost half of the
overall 2013 market with a market share of 42.6 percent (US$3.33bn)
. The commercial sector followed with a 17.9 percent share
corresponding to a value of US$1.40bn and the hospitality sector with
13.4 percent share and a value of US$1.05bn.
2014 Forecast:
According to the Ventures ME study, figures for 2014 are expected to
increase further for both the building construction and interiors
markets. US$83.41bn worth of completed projects and US$82.8bn
worth of awarded projects are forecasted over the next 12 months;
the interiors market is also likely to grow by 18 percent and reach an
estimated value of US$9.2bn by the end of the year.
Building Construction Market 2014 Forecast:
The Healthcare Sector is expected to grow by 250 percent from a
value of US$2.4bn registered in 2013, to an estimated value of US$
8.4bn. The UAE in particular will be the country with the majority of
healthcare buildings completed worth a total value of US$3.19bn -
almost five times the value registered in 2013 - followed by KSA with
US$3.09bn and Qatar US$1.7bn. Kuwait is also worth highlighting
with the value of projects completed moving from US$47m in 2013 to
an estimated US$317m in 2014.
Despite the huge increase in the Healthcare Sector, the building
construction market will still be led by the residential and
commercial sectors that together will account for over half of the
market share concentrated particularly in KSA, the UAE and Qatar.
Interior Fit-out Market 2014 Forecast:
Out of an overall estimated market value of US$9.2bn, the
Residential Sector will account for 35.9 percent and US$3.33bn in
value, followed by the Hospitality Sector at 19.8 percent and US$
1.82bn of value and the Commercial Sector with 15.7 percent and US
$ 1.44bn in value. When compared to 2013 figures, the Healthcare
Sector will see the biggest growth with a huge 256 percent increase
and reaching a value of US$672m. The Retail Interiors Market is
expected to see the biggest drop in value from US$393m to US$308m.
Commenting on the figures released by Ventures ME, Frederique
Maurell, Group Event Director for INDEX and workspace at INDEX,
said: Most segments of the GCC Building Construction market have
recovered significantly from the downturn and 2013 has been positive
with residential, education and hospitality segments in particular
showing signs of growth and a strong recovery.
No comments:
S UN D A Y , D E C E M B E R 2 9 , 2 0 1 3
Msheireb Properties
Nakheel
Naseej Properties
NREC Kuwait
Omniyat Properties
Omran Misr
Pearl Of Kuwait Real Estate
Qatari Diar
RAFAL Real Estate Company
RAK Properties
Rayadah Investment Company
REDICO Saudi Arabia
Reem Investments
Saba-RE
Salhia
Saudi Oger Real Estate
Development
Schon Properties
Seef Properties
Select Group
SNASCO Real Estate
Solidere
Sorouh
Taiba Holding
Tamdeen Group
Tameer
Tamouh
Tanmiya Realty Development
Tatweer
TDIC
The Land Saudi Arabia Real
Estate Development &
Investment Company
Tijara And Real Estate
Investment
Union Properties
United Development Company
United Real Estate Company
Yousef Ahmed Al-Gosaibi Real
Estate
Zaya
MEGA PROJECT ARCHITECT LINKS:
A-Cero Architects
ADPI
Aedas
ARENCO
Atkins Design
BDP
Benoy
Page 11 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
New Hazaa Bin Zayed Mega Project For Al Ain
Major details of the massive mixed use Hazaa Bin Zayed Stadium
project in Al Ain have been announced today including a hotel,
residential and commercial buildings, a sports center, and food and
retail outlets. Once complete, the project will be the main
attraction for hundreds of community, entertainment and business
events.
The new development covers an area of 500,000 square meters
which, in addition to the main stadium, includes a community with
700 residential units in a complex of apartments and green spaces,
two office buildings of 20,000 square meters, and a chain of 50
restaurants and retail outlets plus a 172 room international hotel.
The project, which will be constructed in phases, will have a public
courtyard for both visitors and residents, stylish promenades linked
together by a network of pedestrian walkways and a family
entertainment area synonymous with a healthy and modern lifestyle.
The multi-use project is part of a vision of building a touristic, social
and sports destination that includes Hazaa Bin Zayed Stadium and the
area surrounding it, to foster ongoing growth and development in Al
Ain and the UAE.
The Hazaa Bin Zayed Stadium, which will be launched mid-January
2014, is considered an architectural marvel and one of the most
impressive and technologically advanced sports constructions in the
UAE. It can accommodate 25,000 spectators and was built in only 17
months, measuring up to the best international standards.
The development is located in the strategic Tawya area of Al Ain,
which is easily accessible for visitors coming from Abu Dhabi and
Dubai, and with close proximity from the citys main roads. It is only
15 minutes from Al Ain Airport, and is situated near other main
attractions in Al Ain which makes it one of the most sought after
destinations by families in Al Ain and the UAE in general.
The Plaza area will stand as the main part of the project and the
head point for all sports and social gatherings, with the Hazaa Bin
Zayed Stadium in the background adding even more atmosphere to
the open spaces and surrounded by a number of restaurants and
retail outlets.
The project will also include a healthy lifestyle area with a number
of sports zones and a dedicated pool and gymnasium considered to be
the biggest of its kind in Abu Dhabi. The whole project has been
planned to reflect the principles of health and well-being and
encourage a more sporting life. The Plaza and the area surrounding
the stadium are designed to help walking as no cars are allowed
inside. The outer area of the project includes cycling, jogging and
walking tracks.
The family entertainment area provides its visitors with a wide
selection of entertainment facilities that suit different age groups
and several sports activities to help residents and tourists enjoy their
time in a healthy and stylish atmosphere throughout the year.
The restaurant and caf area is located near the hotel, linked
together with a pedestrian design that provides access to as many of
the developments destinations as possible and provides a location
for a variety of high-end restaurants and coffee shops.
The new stadium will be officially opened in January 2014. The
celebrations will include a 3 day family festival from January 16-18,
Broadway Malyan
Burt Hill
Callison
Denton Corker Marshall
Dewan Architects and Engineers
DP Architects
Foster+Partners
FX Fowle Architects
Gensler
Godwin Austin Johnson
Hadi Simaan
HGBD
HKS
KEO International
Khatib & Alami
Kling Consult
LAVA
Nikken Sekkei
NORR
P&T Architects and Engineers
PRP/AI Architects
RMJM
RTKL
RUR Architecture
Sanjay Puri Architects
Schweger+Partner
Sheppard Robson
Skidmore Owings & Merrill
Snohetta
Sohne & Partner
SSH International
Sybarite Architects
Woods Bagot
Zaha Hadid Architects
MEGA PROJECT BUILDER LINKS:
Al Arrab Trading & Contracting
Al Futtaim Engineering
Al Hamad Group
Al Harbi Trading & Contracting
Al Latifia Trading & Contracting
Al Mabani General Contractors
Al Naboodah
Al Rashid Trading & Contracting
Al Shafar General Contracting
Arabian Construction Company
Arabtec
BAM International
Bechtel
Page 12 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
Posted by Brett Siegel at 9:22 AM
plus other events for launching the stadium. The 25,000 capacity
Hazza Bin Zayed stadium will officially be the new home for Al Ain
Football Clubs first team, and is intended to boost the sports
activities in the UAE. The stadium covers an area of 45,000 square
meters and it is 50 meters high which makes it one of the highest
buildings in Al Ain City. It hosts more than 3,000 premium seats, one
of the highest ratios of premium seating in the world for football
stadiums. The mobile roof can move to cover the whole play field
during the hotter months. The marvelous design of the outer faade
of the stadium is inspired by the trunk of the palm tree which is an
integral part of the UAEs heritage and legacy.
No comments:
S UN D A Y , D E C E M B E R 1 5 , 2 0 1 3
The Billionaires - World's Richest Arabs 2013
Here is a list compiled by ArabianBusiness.com of the World's Richest
Arabs for 2013. I think you will enjoy reading it. These are the
wealthiest Arabs in the world and most of them are involved in one
way or another with the Mega Projects going up in the MENA Region.
As you will see Saudi Arabia is by far the leader in Arab Billionaires.
For some reason, aside from Prince Alwaleed of KSA, the list does
not include any other Arab Royals. Perhaps this is because their net
worth is harder to estimate.
WORLD'S RICHEST ARABS 2013
1. Prince Alwaleed bin Talal Al Saud, KSA, $31.2 Bil
2. Mohamed Al Jaber, KSA, $12.66 Bil
3. Olayan Family, KSA, $12.5 Bil
4. Mohammed Al Amoudi, KSA, $12 Bil
5. Issam Al Zahid, KSA, $11.6 Bil
6. Sawiris Family, Egypt, $11.2 Bil
7. Kharafi Family, Kuwait, $8.6 Bil
8. Binladin Family, KSA, $8.1 Bil
9. Joesph Safra, Brazil/Lebanon, $7.5 Bil
10. Said Khoury, Palestine, $7.2 Bil
11. Bukhamseen Family, Kuwait, $6.8 Bil
12. Al Ghurair Family, UAE, $6.3 Bil
13. Kanoo Family, Bahrain, $6.1 Bil
14. Majid Al Futtaim, UAE, $6.1 Bil
15. Tareq Al Qahtani, KSA, $6 Bil
16. Bugshan Family, KSA, $6 Bil
17. Toufic Aboukhater, Palestine, $5.8 Bil
18. Mansour Family, Egypt, $5.1 Bil
BESIX Group
Consolidated Contractors
Company
DCC Group
Dutco Group
El Seif Engineering & Contracting
ETA Ascon
Freyssinet Saudi Arabia
Galfar
General Construction Company
Gulf Colba (land reclamation)
Habtoor Leighton Group
Huta Group
Nass Group
Oger International
Samsung Engineering
Saudi Constructioneers
TAV Construction
Turner Construction Middle East
United Arab Construction
Company
Van Oord (land reclamation)
CITYSCAPE EVENT LINKS:
Cityscape Global
Cityscape Abu Dhabi
Cityscape Riyadh
Cityscape Jeddah
Cityscape Qatar
Cityscape Egypt
SOVEREIGN WEALTH FUND LINKS:
Abu Dhabi Investment Authority
Abu Dhabi Investment Council
Dubai World
Emirates Investment Authority
Investment Corporation Of Dubai
Kuwait Investment Authority
Mubadala Development Company
Mumtalakat Holding Company
Oman Investment Corporation
Public Investment Fund Saudi
Arabia
Qatar Investment Authority
RAK Investment Authority
Saudi Arabian Monetary Agency
REAL ESTATE NEWS:
LATEST REAL ESTATE NEWS
UPDATED CONTINUOUSLY:
AME Info | Real Estate:
Page 13 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
19. Mohamed Abdul Latif Jameel, KSA, $5 Bil
20. Abdullah Al Rushaid, KSA, $4.6 Bil
21. Mubarak Al Suweiket, KSA, $4.5 Bil
22. Al Rajhi Family, KSA, $4.3 Bil
23. Gargash Family, UAE, $3.7 Bil
24. Adel Aujan, KSA, $3.56 Bil
25. Taha Mikati, Lebanon, $3.5 Bil
26. Mohammad Jamjoom, KSA, $3.4 Bil
27. Najib Mikati, Lebanon, $3.4 Bil
28. Alghanim Family, Kuwait, $3.4 Bil
29. Saad Hariri, Lebanon, $3.3 Bil
30. Sulaiman Al Muhaidib, KSA, $3.3 Bil
31. Abdulatif Al Fozan, KSA, $3.25 Bil
32. Hayek Family, Lebanon/Switzerland, $3.2 Bil
33. Bahaa Hariri, KSA, $3.1 Bil
34. Munib Masri, Palestine, $3 Bil
35. Zamil Family, KSA, $2.9 Bil
36. Mansour Ojjeh, KSA, $2.8 Bil
37. Mohammed Elkhereiji, KSA, $2.73 Bil
38. Ayman Asfari, UK/Syria, $2.7 Bil
39. Mohammed Sharbatly, KSA, $2.69 Bil
40. Osama Abu Dawood, KSA, $2.68 Bil
41. Wafic Said, UK/Syria, $2.6 Bil
42. Mohammed Al Barwani, Oman, $2.6 Bil
43. Ziad Manasir, Joedan, $2.58 Bil
44. Mohammed Al Issa, KSA, $2.38 Bil
45. Nadhmi Auchi, UK/Iraq, $2.2 Bil
46. Mohammed Ibrahim, Sudan, $2.15 Bil
47. Miloud Chaabi, Morocco, $2.1 Bil
48. Saleh Kamel, KSA, $2 Bil
49. Fawaz Al Hokair, KSA, $1.98 Bil
50. Ayman Hariri, KSA, $1.95 Bil
Driven Properties appointed as
exclusive agent for St. George
developments Sovereign Court
project in London
New dusit.com website launches
IHCC marks participation at
Arabian World Construction
Summit 2014
IHCC marks participation at
Arabian World Construction
Summit 2014
DSIs quarterly net profits down
27%
Construction Week- News:
Wessal Capital to invest $2.4bn
in Morocco
Five more airlines transfer to
new Qatar airport
Atkins-designed boutique hotel
opens in Oman
Dubai's Drake & Scull wins $
600mn Egyptian deal
Plans for Dubai to become open
air gallery
Arabian Business- Real Estate:
Revealed: Moving trends in the
UAE
Developer Damac's Q1 net profit
soars 79%
From Chess City to Smurf Village
and flower towers: The Gulf's
craziest projects
UAE's Aldar Q1 net triples on
handovers and sales
Dubai's Remraam add 200 new
units for sale
Trade Arabia- Real Estate:
Abu Dhabi, Goodman set up $1bn
Japan JV
Egypt real estate portal in Saudi
foray
Rent hikes hit small businesses in
Bahrain
Cluttons opens new Abu Dhabi
office
UAE property rates up 10-15pc:
Tamweel
AME Info | Property Report:
OMRAN drives new tourism
projects in Oman
Abu Dhabi real estate could see
small growth in 2013
Broader based recovery expected
for Dubai real estate
Page 14 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
Posted by Brett Siegel at 10:06 AM
Source:
http://www.arabianbusiness.com/the-world-s-richest-
arabs-530591.html
No comments:
T UE S D A Y , D E C E M B E R 1 0 , 2 0 1 3
Abu Dhabi To Spend $100 Billion On Projects!
Abu Dhabis project spending could balloon to over $100 billion in the
next seven years as the government ramps up efforts to sustain
economic gains built over the last few years.
The 8th Abu Dhabi Conference 2013, which began yesterday,
highlighted the key sectors that will receive the bulk of investments
until 2020.
According to MEED, which tracks projects activity throughout the
Middle East, construction projects remain the most active with $30
billion worth of projects to be awarded in the next seven years,
followed by the Oil & Gas sector with a project pipeline valued at $
25 billion.
Transport and chemical-related projects will also see a surge in
investments with a total of $20 billion contracts to be awarded during
the same period. The industrial as well as power & water sectors will
likewise be busy with contracts valued at $6 billion and $5 billion to
be awarded until 2020.
H.E. Eng. Mohammed Ahmed Bin Abdul Aziz Al Shehhi,
Undersecretary of the Ministry of Economy delivered the opening
address this morning, and said that the UAE economy is growing
strongly and will benefit from new government measures designed to
promote the private sector and foreign investment. The UAE
economy is on solid ground. It has been attracting visitors and
investors looking for a safe haven in the Middle East. Growth was 4.4
percent in 2012, its fastest pace since 2006. In view of improved
activities, we expect UAE GDP to have expanded by 4.5 percent this
year.
Abu Dhabi Department of Economic Development (ADDED)
Undersecretary H.E. Mohammed Omar Abdullah then spoke to the
conference delegates about creating a business hub critical to the
global economy, highlighting the initiatives and upcoming projects
aimed at driving long term investments into Abu Dhabi.
And for the first time at a conference H.E. Dr. Abdullah Hassan
Ghareeb Al Bloushi, Executive Director, Land and Property
Management Sector, Department of Municipal Affairs presented
details of the Onwani project the unified addressing and wayfinding
project for the Emirate of Abu Dhabi, saying This is the largest
project the municipal system in Abu Dhabi has ever undertaken, and
it is also one of the Emirates most important. The vital
infrastructure provided by the new addressing system will take us
forward to meet future economic and social challenges and bring real
benefits to residents, businesses and visitors alike. It is not only a
street map for the Emirate, but a road for development.
This year alone, based on an article 'Gulf projects market hits new
peak' recently released by MEED, the construction sector in Abu
Dhabi picked up pace when the Tourism Development & Investment
Company (TDIC) awarded the long-awaited $653m contract to build
Abu Dhabi property market to
benefit from key projects
Cityscape Global indicates a
revival in market
Arabian Business- Property:
Dubai's Damac raises $348m in
London share sale
REVEALED: The UAE's most iconic
projects
Dubai may not see Expo benefits
until 2015 - analyst
Dubai Expo 2020 loss could hit
property market
Dubai's Damac delays pricing of
London IPO by four days
AME Info | Real Estate Roundup:
Knauf Insulation showcases HVAC
and building insulation with
patented ECOSE technology at
Project Qatar
Driven Properties appointed as
exclusive agent for St. George
developments Sovereign Court
project in London
New dusit.com website launches
IHCC marks participation at
Arabian World Construction
Summit 2014
IHCC marks participation at
Arabian World Construction
Summit 2014
Trade Arabia- Construction:
$1.68 TRILLION: Gulf
construction sector grows
New Egypt-Sudan road to open
on Sept 20
Qatar to build giant rotating
structure
Saudi signs masterplan contracts
for ports
Bahrain to open 5 new parks by
year-end
Arabian Business- Construction:
From Chess City to Smurf Village
and flower towers: The Gulf's
craziest projects
From Chess City to Smurf Village:
The Gulf's craziest projects
Jeddah firm in talks to raise $
3.73bn Kingdom City funds
UAE refinery expansion to be
commissioned by year-end
Page 15 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
Posted by Brett Siegel at 11:08 AM
the Louvre Museum on Saadiyat Island to a consortium comprising the
local Arabtec Construction, Spains San Jose and Oger Abu Dhabi
the local affiliate of Saudi Oger.
TDIC has also tendered the contract to build the Zayed National
Museum on Saadiyat Island, although an award is not expected this
year. In July, Abu Dhabi-based Saadiyat Investment & Development
Company awarded a $482m contract to local Al-Jaber Building for the
construction of 462 villas at the Hidd al-Saadiyat Villas Development
on the island.
As a result, along with new projects awarded in Dubai, the UAE has
seen the largest rise in project activity in the GCC this year. MEEDs
Gulf Projects Index is now at its highest level ever, having reached $
3.19 trillion this month.
The return to growth is the latest chapter in what has been a roller
coaster ride for the index over the past seven years. The index
remained relatively flat until about 12 months ago, when it began to
move upwards as stalled projects were revived and new schemes
launched, which has seen it grow more than 30 percent to its current
level of $3.19 trillion. The major driver of this growth has been the
UAE, with Abu Dhabi contributing a significant chunk of investments,
said Richard Thompson, Editor, MEED.
By 2014, the IMF has forecasted real GDP growth for the UAE of 3.6
percent (up from 3.1 percent last year) owing to the governments
continued push to boost the economy led by a spate of new
infrastructure investments.
Abu Dhabi has targeted knowledge-intensive sectors, such as
aviation, petrochemicals, renewable energy and health care. The
developments across these strategic sectors are aimed to make the
capital an attractive proposition for domestic and international
investors, said Abraham Akkawi, MENA Infrastructure Advisory
Services Leader, Ernst & Young.
Yesterdays highlights included a special VIP Plenary Session that
provided a snapshot of project opportunities, achievements and
challenges faced in delivering Abu Dhabis economic vision 2030
across key sectors. The session was led by a panel of authorities from
Abu Dhabis key agencies such as the Abu Dhabi Food Control
Authority (ADFCA), Environment Agency- Abu Dhabi (EAD), Health
Authority Abu Dhabi (HAAD), Industrial Development Bureau as well
as the Khalifa Fund for Enterprise Development.
The Abu Dhabi Conference is an annual gathering of government and
private sector leaders which enables discussions and updates on
upcoming project and investment opportunities in Abu Dhabis diverse
economy. It is a heavily Government supported event, with the Abu
Dhabi Department of Economic Development, Abu Dhabi
Sustainability Group, Western Region Development Council and Abu
Dhabi Tourism and Culture Authority as supporting partners; The Abu
Dhabi Water & Electricity Authority as Strategic Partner, Zones Corp
as Industrial Partner and the Abu Dhabi Chamber as silver sponsor.
Other conference partners include Al Khalij Bank Hill International,
E&Y, Bentley Systems and Mashreq. For more information on the
conference: http://www.theabudhabiconference.com/
No comments:
WE D N E S D A Y, N OVE M B E R 2 7 , 2 0 1 3
Dubai's Drake & Scull Q1 profits
down 27% as Saudi projects
delayed
BUSINESS NEWS:
LATEST BUSINESS NEWS UPDATED
CONTINUOUSLY:
AME Info | Finance and Economy:
Ministry of Economy and US
Department of Commerce
express intent in forging stronger
bilateral ties
Second Al Gharbia Development
Forum to highlight economic
overview and investment
opportunities in region
Do expats enjoy the same
retirement rights in the UAE as in
their home countries?
Bahrain expects non-oil sector to
drive economy
Oman says no decision yet on
switching sponsors
Financial Times- Middle East:
DIC to sell Mauser for $1.7bn
Abu Dhabi sees film production
surge
Israels Marimedia set to float on
Aim
Heritage Oil agrees 924m
takeover offer
Al Jazeera sues Cairo over
crackdown
Arabian Business- GCC:
Kuwait set to intensify visa
investigations
Largest Sheikh Zayed painting
completed
Kuwait mulls compulsory health
insurance for visitors
Saudi backs clamp down on
'cover-up' businesses
Qatar drinking water demand
seen surging 138% by 2020
AME Info | Capital Club Dubai &
Bahrain:
Non-violence takes centre stage
at Capital Club Dubai
Capital Club hosts French-
themed Chine des Rtisseurs
season opener
Capital Club welcomes Non-
Violence Project to Dubai
Page 16 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
Dubai Wins Bid For World Expo 2020 - New Boom
For Dubai!
Dubai is on the cusp of yet another development boom as it seeks to
strengthen its position as the leading business and tourism hub in the
region.
Detailing the latest investment and development opportunities in
Dubai, MEED(Middle East Economic Digest) has organized Destination
Dubai 2020 to dissect, along with local and international experts, the
various factors that will shape Dubais development trajectory in the
next six years.
Among the highlights of the conference presentations and panel
discussions include the impact of Dubai winning its World Expo 2020
bid, with leading stakeholders from across Dubais key government
agencies outlining their future plans in detail for the first time after
securing the rights to host the expo.
The total value to the economy of staging the event has been
estimated at AED143.22bn. More than 277,000 jobs would be created
between 2013 and 2021 as a result, with about 40 per cent in the
travel and tourism sector. For every Expo employee, about 60
additional jobs would be sustained in the wider economy.
MEED has organized Destination Dubai to track the exciting new
developments happening in Dubai until 2020, a critical case especially
in light of its winning expo bid and just a decade before the
governments 2030 vision for the country. We wholeheartedly support
Dubais Expo 2020 bid and look forward to working with our friends
and partners in Dubai and the UAE to ensure the 2020 Expo will be
the best ever," Ben Greenish, Managing Director, MEED.
Dubais bid dossier estimates hosting the expo will cost $8.7bn in
total $7bn in investments and operating expenses of $1.7bn. Capital
expenditure will mainly cover the development of the expos
planned 4.4 square-kilometer plot in Jebel Ali and connecting
infrastructure such as extending the Dubai Metros Red Line.
However, investors surveyed by the local chapter of CFA Institute, a
global organization of investment professionals, are concerned that a
successful bid by Dubai to host the expo could lead to another
economic bubble. The study measured the opinions of 216 investment
professionals in the UAE, and found out that more than half of the
surveys respondents (55 per cent) were concerned that a successful
bid for the Expo 2020 will create another economic bubble, and only
a quarter believed the UAE has done enough to make its economy
immune since 2008.
Meanwhile, Egypt-headquartered investment bank EFG Hermes says
the expo will make the countrys debt situation more pressing than it
is now. If the next phase of the investment cycle, accelerated by
the Expo, is not met by revenue-building measures and asset sales,
this could result in total Dubai debt rising to 110-115 per cent of
gross domestic product (GDP) by 2020, up from 102 per cent of GDP
currently, the lender said in a report.
Without a doubt, the winning expo bid will provide a massive tourism
boost. It is estimated that over the six months of the event 25 million
people would visit Dubai Expo 2020, with more than 70 per cent
coming from outside the UAE.
Destination Dubai will track the road map to Dubais continuing
economic recovery, providing investors and stakeholders insights on
Capital Club Bahrain hosts second
debate of its 2013 series
BIC Chief announces new
'Business in Formula 1' initiative
at Capital Club Bahrain
DEVELOPER NEWS:
LATEST DEVELOPER NEWS UPDATED
CONTINUOUSLY:
AME Info | Emaar Properties:
Emaar showcases premium
lifestyle communities and The
Opera District at Cityscape
Global
International fashion exhibitions
at The Dubai Mall for 'Vogue
Fashion Dubai Experience'
Reel Cinemas partners with Noor
Dubai on global campaign
Red Sea Housing Company
investing heavily in KAEC
International fashion exhibitions
at The Dubai Mall for 'Vogue
Fashion Dubai Experience'
AME Info | Nakheel Properties:
Nakheel to launch nearly 400
new homes at Al Furjan on
Sunday
Nakheel welcomes Waitrose to
Palm Jumeirah Mall
New lease of life as Nakheel
restores 290 homes at Jebel Ali
Village
Nakheel extends office hours to
meet customer demand
Nakheel floats tender for
construction of Nakheel Mall on
Palm Jumeirah
AME Info | ALDAR Properties:
Wing Zone opens at Aldar's
Boutik Sun and Sky
Aldar Properties announces 2013
second quarter and half year
results
Aldar and Sorouh Merger
becomes effective
Yas Mall to open on 26 March
2014
Aldar reports Q1 results
AME Info | DAMAC Properties:
DAMAC Properties launches
Paramount Hotels and Resorts-
branded serviced residences
tower in Riyadh, KSA
Page 17 UAE MEGA PROJECTS
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Posted by Brett Siegel at 9:21 AM
what is driving confidence in the Emirates equity market, which this
year has seen a 60 percent rise in growing confidence in Dubais
long-term prospects.
Of primary importance to the readers of this blog will be a dedicated
session on the real estate sector that will provide attendees key
insights on one of Dubais most critical growth drivers. Real estate
prices in the Emirate have risen more than 30 per cent since the
start of the year on growing demand from local, regional and
international investors. In addition, major private and government-
related real estate projects involving billions of dollars of new
investment in Dubai have been announced, opening a possible new
boom phase in Dubais property market, says MEEDs editorial
director Richard Thompson.
Other initiatives that are transforming Dubai into an unrivaled global
hub and the gateway to the high-growth emerging markets (CIS,
Africa, China and India) will be comprehensively discussed at
Destination Dubai, detailing the road map for the build up and
creation of a genuine and holistic destination involving travel,
industry, real estate, tourism, retail and hospitality infrastructure
and support systems.
++ In my opinion Dubai's winning bid for World Expo 2020 is extremely
POSITIVE for the real estate market in Dubai and the rest of the UAE.
The best is yet to come!
Scheduled to take place on January 28-29, 2014 at the JW Marriott
Marquis, Destination Dubai is sponsored by Hill International.
http://www.destinationdubai2020.com/homepage.asp
No comments:
M ON D A Y , N OVE M B E R 2 5 , 2 0 1 3
Dream-Marina 101 Moving Right Along!
Dream-Marina 101 is set to open by the end of 2014. This super-tall
development in Dubai Marina is a comprehensive lifestyle project
conceptualized by Sheffield Holdings Ltd.
Dream-Marina 101 seeks to promote a unique concept of haute living
that encompasses nearly everything in terms of luxuries with world-
class restaurants, roof top nightclub and recreational facilities. "We
are proud to announce that nearly 80% of our hotel apartments are
sold." said Abu Ali Malik Shroff, Chairman of Sheffield Holdings LTD.
The hotel will house 300 guest rooms and 420 branded hotel
apartments featuring one and two bedroom units. The construction
on the exterior of the tower is close to completion with the elevator
going up to all 101 floors.
The interior finishing touches have been carefully chosen, with
energy efficient light fixtures and Spanish ceramic tiles in every
apartment. All internal doors are fire resistant, meeting international
standards and ratings for the building. Nearly sixty million dirhams
have been additionally spent on the interiors since the appointment
of the hotel operator.
Dream-Marina 101 has confirmed partnerships with worlds leading
restaurants such as Bombay Palace, which currently has branches in
England, North America, Canada and India. Another highlight of
Dream-Marina 101 is its roof-top bar which will be occupied by Ph-D,
known for being the nightlife state-of-the-art in Manhattan, New
DAMAC Properties hits
construction milestone in
Solidiere
DAMAC Properties hits
construction milestone in
Solidiere
DAMAC Properties awards DAMAC
Esclusiva main contract to Saudi
Binladin group
Damac Properties launches first
golf condominiums in Dubai
AME Info | Kingdom Holding:
Prince Alwaleed approves Alarab
channel technical infrastructure
Prince Alwaleed meets with
Greek Defense Minister in Athens
Prince Alwaleed meets with
Prime Minister Samaras of Greece
in Athens
Prince Alwaleed receives British
delegation
Prince Alwaleed receives Charge
D'Affaires of Sri Lanka
AME Info | Tameer:
Tameer delivers Regal Tower
Princess Tower commands Dubai
Marina Skyline
Tameer delivers Elite Residence
Tameer's Al Jawzaa project
ready for delivery
Tameer's Princess Tower reaches
final height of 414m
AME Info | Dubai Properties:
Arady Developments announces
successful sale of all Phase-I
residential units offered at
Central Park sales event
'Central Park' at DIFC to feature
48-storey residential tower
FIFA approved football complex
brought to Dubailand
DPG on target to deliver Mudon
Project with competitive
mortgages solutions
Dubai Properties Group
announces development of JBR
Beach Club
AME Info | Sorouh Real Estate:
Sorouh announces Q1 results
2013
Sorouh Real Estate announces
full year and fourth-quarter
results
Abu Dhabi Urban Planning
Council, Sorouh Real Estate
Page 18 UAE MEGA PROJECTS
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Posted by Brett Siegel at 10:48 AM
York.
Shroff further added, "Dubai has and will always remain a fantastic
destination for residents and tourists. We are offering a unique and
hassle-free investment opportunity mirroring the growth of the Dubai
real estate market. All our investors will enjoy 28 days of free stay in
the hotel apartments per year, and will benefit from a guaranteed
75% return of the net profit".
++ Sheffield Holdings LTD is one of the leading Dubai-based private
developers. Here is a link to their website:
http://www.sheffieldholdings.com/
No comments:
WE D N E S D A Y, N OVE M B E R 2 0 , 2 0 1 3
UAE's Hadara Teams Up With Egypt's Rooya
Group
UAE based development company, Hadra, has signed an MOU with
Rooya Group, one of Egypts premier real estate developers. Hadara,
which is a member of Tharaa Holding Group, has announced its plans
to co-develop an upscale hospitality and residential project within
Rooyas Stone Park Katameya master development in New Cairo.
This project comes with recent announcements of Egypts credit
rating increase by S&P, making it an attractive option for investors.
The Stone Park Compound, winner of Cityscape Egypt 2013 Best
Future Residential Project Award, will offer a selection of luxury
residential and hotel apartments and villas, providing a resort-living
style to its residents. The project consists of a series of luxury low-
rise buildings surrounded by resort-style recreational facilities as well
as a prestigious villa community offering standalone villas as well as
townhouses.
The project will be part of the award-winning Rich Village series, a
global luxury living concept developed by Hadara.
In addition, the project will be surrounded by many attractions,
including a world-class Golf Course, Cairo Festival City Mall, the
prestigious Down Town shopping district and City Stars Mall.
Furthermore, The Stone Park Compound will feature many lifestyle
and recreational facilities including restaurants, cafeterias, shops, a
private club with pools, a spa, a childrens fun zone with indoor and
outdoor play areas, tennis and squash courts and a multi-purpose
sports field.
Mr. Tariq Ramadan, Chairman of Hadara, expressed his excitement
about the opportunity to expand outside the UAE and into a stable
and growing market. He said, This luxury project will be suitable for
GCC customers and investors. It demonstrates a true smart and safe
investment since it offers capital appreciation and attractive returns.
At the same time, all sales revenues will be deposited into an Escrow
account dedicated only to the construction of the project as well as
other project related direct expenses. This means that investors
money is 100% protected and guaranteed to be spent on the project.
Commenting on signing the MOU Architect Hesham Shoukri, CEO &
Executive President at Rooya Group, quoted, This partnership adds a
new dimension to our Stone Park master development by developing
a luxury project that attracts buyers and investors from outside
Egypt, especially those from GCC countries. The unit owners will
have the option to live in their units, hand them over to the hotel
unveil first Estidama Villa
Prototype in Al Ghareba
development
Sorouh Real Estate announces
third quarter results
BOUTIK Sun and Sky Towers
expands its outlets with opening
of Caf Macondo
AME Info | Tamouh Investments:
Tamouh's Wadi Adventure opens
in the UAE
Tamouh completes handover of
Marina Square units
Tamouh hands over six buildings
at Abu Dhabi's Marina Square
Development
Tamouh receives completion
certificates for four buildings in
Abu Dhabi's Marina Square
development
Tamouh to finalise handover of
Marina Square projects
AME Info | Dar Al-Arkan:
NASDAQ Dubai, Majid Al Futtaim
and Emirates Airlines unite to
discuss Middle East sukuk market
Dar Al Arkan posts 69% drop in
Q2 net profit
Sabic bucks market drop, Dar Al
Arkan dips on sluggish H1 results
Prince Khalid bin Bandar
officially inaugurates commercial
center of Dar Al-Arkan Alqasr
Mall
Saudi bourse steadfast despite oil
price decline
AME Info | Omniyat Properties:
Omniyat to bring in two
international premium hotel
brands and launch three mega
service apartments projects
The Square goes against market
trends with reported 98%
occupancy rate
Omniyat crosses Dhs10m leasing
milestone with The Square
Omniyat Properties announces
completion of first phase
construction work on The Opus
Spinneys set to open at Omniyat
Properties first residential
development
AME Info | Mubadala:
Middle East seeks groundwater
conservation solutions amid
rising water scarcity
Page 19 UAE MEGA PROJECTS
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Posted by Brett Siegel at 10:01 AM
management company to rent them out for tourists, or a combination
of both. This means that owners, especially those who are living in
other countries, can enjoy a free 5-star living while on vacation in
Cairo, and make money on their units when they are away. On the
other hand, investors who choose to hand over the property to the
management company, will enjoy attractive returns on their
properties.
++ Hadara is a newly established UAE-based real estate development
company operating worldwide through the development of real
estate projects owned or co-developed by it. The company was
founded by Mr. Tariq Ramadan who is considered one of the leading
real estate industry figures in the Middle East. Hadaras vision is to
become the most successful and innovative development company in
the world. Hadara is a member of Tharaa Holding.
http://www.hadaragroup.com/
++ Rooya Group is one of the fastest growing real estate
development and tourism investment companies in Egypt with an
outstanding track record of successful completed or under
development projects in Egypt valued at over US$ 2 billion. These
projects include Stone Park Katameya in New Cairo, Telal Al-Sokhna
Resort, Canals Village in Port Ghalib Marsa Alam, and Telal Al
Alamein on the North Coast.
http://rooyagroup.com/
No comments:
T HUR S D A Y , OC T OB E R 2 4 , 2 0 1 3
Oman Mega Projects On The Rise!
Like the rest of the GCC Oman is moving ahead strongly with Mega
Project development. Currently Oman has over $100 Billion allocated
for a wide variety of Mega Projects. In fact the Mega Project industry
of Oman is expanding so fast that MEED(Middle East Economic Digest)
is holding a large event October 28-30 in Oman at the Grand Hyatt
Muscat called MEED Oman Projects Forum 2013. What follows is more
information from MEED about the Forum and the Mega Projects being
developed in Oman. Additionally I have included a chart of the top
40 Oman Mega Projects along with the amount of money (in US
dollars) budgeted for each project.
A total of 50 speakers will address the event which will be attended
by 200 delegates from the Sultanate, the Middle East region and the
world beyond. The conference is supported by Omans Ministry of
Commerce & Industry and will hear an opening address from His
Excellency Ahmed bin Hassan Al Dheeb, Undersecretary, Ministry of
Commerce & Industry.
Figures compiled by MEED Projects show 40 major projects are being
executed or planned in the Sultanate. Of these, almost 25 percent
are for major projects in the construction sector, which is dominated
by plans to build a new town in Duqm. A similar amount of capital
investment is planned in the transport sector. This includes the $
15bn national rail program. Oil and gas projects combined account
for almost $40bn of major projects being executed or planned in
Oman.
Oman is already pushing ahead with many major projects. Around $
40bn worth of them are under execution, though some of the larger
ones are at an early stage of development. But the largest portion of
the Omani major project program is yet to come to the market. More
than $50bn of major projects are under design or study.
Over 30 librarians from GCC and
Turkey convene for 'UAE eFada'
Summit in Abu Dhabi
UAE Green Festival 2014
announces official launch of its
activities
Researchers from Masdar
Institute and TU Dresden assess
progress on ATIC-backed Twin
Labs
Mubadala releases first half 2013
financial results
AME Info | Dubai World:
Gitex shopper 2013 opens
GCC governments ramp up e-
government services
Ten start-up ideas chosen for DP
World's TURN8 programme
Top ranking Saudi Customs
delegation led by Director
General visits Jafza
Nakheel to launch nearly 400
new homes at Al Furjan on
Sunday
AME Info | Qatari Diar:
Qatari Diar dedicates progress in
Dushanbe to the Emir and Qatar
His Highness the Deputy Emir and
Heir Apparent of Qatar join
Tunisian Prime Minister to lay
foundation for Tozeur Desert
Resort
High-level delegation expected
at Qatari Diar groundbreaking in
Tunisia
Qatari Diar enters into MoU with
Omani Ministry of Tourism
Qatari Diar wins 557m Deal of
the Year for London's East village
AME Info | Limitless:
Limitless signs Sharjah Islamic
Bank at The Galleries' banking
hub
Limitless opens Business Lounge
at Galleries
Settlements worth Dhs807m put
The World back on map
Limitless signs MOU with
Vietnamese government to
implement halong star project
Limitless hosts summer
exhibition in support of Mawaheb
AME Info | Ezdan Real Estate:
Qatars real estate deals grow
Page 20 UAE MEGA PROJECTS
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The pace of execution of the major program is expected to be swift.
Some $56bn of major projects under execution or planned are due
for completion by the end of 2017. All $112bn of projects are due for
completion by the end of 2022, MEED Projects figures show.
The forum will hear a progress update about the Duqm port and
special economic zone, which is Omans largest single Mega Project
with budgeted investment of $20bn. Duqm is to be the location of a
250m barrel oil storage facility and a range of new industries.
Were delighted with the response to this years forum, says MEED
Events Chairman Edmund OSullivan. The speakers are first-class
and we are very grateful to the Minister of Economy HE Dr Ali Al
Sunaidy and his colleagues for their wonderful support. This
conference will set a new benchmark for everyone doing business in
and with Oman.
Oman Projects Forum 2013 is supported by the National Bank of
Oman as strategic partner; Oman Development Bank as SME Financial
Partner; Ernst &Young as Knowledge Partner and Hill International as
conference sponsor.
TOP 40 OMAN MEGA PROJECTS UNDER EXECUTION OR PLANNED
INCLUDING BUDGETS FOR EACH PROJECT:
Project and Project Budget (in $Millions)
1. Duqm new town 20,000
2. Oman national railway 15,600
3. Duqm refinery & petrochemical complex 15,000
4. Khazzan & Makarem fields 15,000
5. Muscat & Salalah international airport expansion 5,200
6. Gas-based steel plant 3,000
7. The Wave development 3,000
8. Batinah expressway 2,600
9. Sohar Aluminium smelter expansion 2,400
10. Sohar refinery expansion project 2,300
11. Duqm IWPP 2,000
12. Haima Solar thermal hybrid power plant 2,000
13. Oman convention and exhibition centre 1,800
14. Masirah island causeway 1,500
15. Sur IPP 1,500
16. Sultan Qaboos medical city complex 1,480
17. Batinah coastal road project 1,312
18. Bidbid to Sur dual carriageway 1,156
SAK Holding Group clinches
regional and global high rankings
and appraisals
Racing for the worlds tallest
building
Cityscape Qatar 2013 concludes
Sheikh Hamad bin Jassim bin
Jabor Al Thani tours Cityscape
Qatar Exhibition
AME Info | Deyaar:
Deyaar to showcase unmatched
Burj Khalifa district portfolio at
Cityscape Global Dubai
Deyaar commences handover of
'The Burlington' commercial
tower at Business Bay
Deyaar announces handover of
'The Burlington' commercial
tower at Business Bay in
September 2013
Deyaar reports Dhs27m net profit
in Q2 2013
Deyaar opens new branch at
Business Bay
AME Info | Cayan Investment and
Development:
Cayan Real Estate Investment
and Development Company
launches Dhs1bn Cayan Tower
Cayan to inaugurate world's
tallest twisted tower in Dubai
Cayan Real Estate Investment
and Development announces
successful completion of
Silverene
Cayan's Silverene Towers
achieves phenomenal
construction progress
Cayan's Infinity Tower scales new
heights
AME Info | Star Giga:
Star Giga Establishment
inaugurates GoldCrest Views 2 at
Jumeirah Lake Towers
Star Giga Establishment begins
delivery of GoldCrest Executive
in Jumeirah Lakes Towers
High demand for mid-income
housing in UAE
AME Info | Al-Futtaim Group:
All-new Yaris Sedan re-enters
UAE market and offers
exceptional 'style at play'
Plug Ins expects 25% increase in
sales during Gitex
Page 21 UAE MEGA PROJECTS
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Posted by Brett Siegel at 1:44 PM
Older Posts
19. Yibal Khuff sour development project 1,050
20. Development of Block 60 (Abu Butabul) 1,000
21. International medical city 1,000
22. Rabab-Harweel integrated project 1,000
23. Saraya Bandar Jissah Resort 1,000
24. Sohar iron ore pelletising plant expansion phase 2 1,000
25. Sohar PTA & PET plant 850
26. Dualization of Adam to Thumrait road 800
27. Sur steel plant phase 1 665
28. Nahayda-Ras Markaz terminal-Duqm refinery pipeline 600
29. Solar power plant (CSP) 600
30. Bodour NE Integratedsour oil and gas development project 500
31. Condensate recovery maximization 500
32. Main oil line true vapour pressure control project 500
33. Marmul enhanced oil recovery facilities phase 2 500
34. Marmul enhanced oil recovery facilities phase 3 500
35. Ras Markaz crude storage terminal 500
36. Rima fields Cluster 500
37. Salalah EDC and caustic soda facility 500
38. Sohar iron ore pelletising plant 500
39. Suwaiq IWP 500
40. Water Discus hotel Oman 500
For more information visit:
http://www.meedconferences.com/oman/
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2014 (7)
May (1)
Mega Projects Could Cost More Than Expected
April (2)
March (3)
January (1)
2013 (12)
2012 (14)
Al-Futtaim Automotive Group
takes pole position at Al Badia
Golf Club as main sponsor of
Dubai Festival City Challenge
Tour Grand Final
Al-Futtaim Motors major global
partner of TMC Australia
Plug Ins announces results of
UAE-wide CE survey
AME Info | Union Properties:
Union Properties Company plans
to launch 6 new projects worth
Dhs1.5bn
Union Properties offers Control
Tower at Motor City selling 20%
of the units within a record time
Two Union Properties DIFC
developments registered
Union Properties introduces
Dubai Flea Market at UPTOWN
Mirdiff
Union Properties finalizes sale of
Ritz Carlton Hotel at DIFC
AME Info | Saba Properties:
Residents move into SABA-3
Tower
SABA-2 Residential Tower at JLT
opens for residents
Quality is key to a healthy Dubai
property market
SABA-4 Office Tower will ease
commercial property shortfall
Saba Real Estate lands new plot
at Jumeirah Lakes Towers
AME Info | Hydra Properties:
Hydra Properties completes first
phase of Hydra Village
Hydra Properties to offer 50
residential units in Marina Square
for delivery in June 2010
Hydra Properties reaches out
customers at Cityscape Abu
Dhabi
Hydra Properties launches in-
house bilingual call centre
Hydra Towers to start rising as
foundation work is complete
AME Info | Plus Properties:
Plus Properties participates in
Erbil International Fair
Plus Properties participates in
Beirut International Property Fair
Plus Properties opens new Sales
Centre in Downtown Beirut
Page 22 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
2011 (7)
2010 (11)
2009 (19)
2008 (142)
2007 (13)
Plus Properties signs with Assets
- Real Estate Investments Jeddah
to sell Lebanese real estate
projects
Plus Properties hits $100m sales
in Venus Tower-Solidere Beirut
within 48 hours
AME Info | Diamond Investments:
The first sustainable city to be
launched in Dubai
Diamond Developers completes
first phase of Diamond Views
project
The Marina Diamond buildings
increase the total supply of
residential units in Dubai by 1300
homes
Diamond Investments hands over
Marina Diamond V
Construction work in progress for
Diamond Views 1 & 2 according
to Diamond Developers
AME Info | Tanmiyat Group:
Tanmiyat assures local investors
at Cityscape
Tanmiyat focuses on overseas
developments
Tanmiyat commences site visits
at Living Legends
Tanmiyat reaches out to Living
Legends home owners
Tanmiyat eyes international
emerging property markets
AME Info | SNASCO:
SNASCO Holding expands
operations throughout MENA
region
Snasco showcases investment
opportunities at Cairo
International Exhibition
Sharjah Investment Center
commences delivery of 240
phase1 plots to clients
Snasco's Sharjah Investment
Center continues to attract
investment
Snasco partners in Algeria for
Oran waterfront development
AME Info | IRIS:
DNA Centre signs cooperation
deal with Iris Media
Hotelandrest signs cooperation
deal with EMG Worldwide
Landmark tourism website
launches in Abu Dhabi
Page 23 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
Iris PR signs on new clients
Tourism promotion website
launches in Abu Dhabi
AME Info | Gulf Holding Company:
Gulf Holding Company signs new
project manager to develop
Villamar Project
Gulf Holding signs with Al Hamad
to complete the Villamar project
Gulf Holding shareholders
represented at Annual General
Meeting with 79.85% attendance
GHC celebrates topping out of
Villamar @ the Harbour - Tower
B
Villamar @ the Harbour project
on track
AME Info | Al Qudra Real Estate:
Abu Dhabi Urban Planning
Council awards Al Qudra Real
Estate National Housing Program
project in Al Ain
Al Qudra Real Estate announces
opening of its Holiday Inn hotel
in Abu Dhabi this month
Al Qudra Real Estate collaborates
with Al Hilal Bank to offer
financing at Cityscape Abu Dhabi
2009
Al Qudra Real Estate, platinum
sponsor of Cityscape Abu Dhabi
2009
Al Qudra Real Estate's concept
project, Al Nasseem, praised for
its sustainability and selected to
test Estidama guidelines
AME Info | Aqaar:
Aqaar receives master developer
licence for Ajman
Ajman One project on track for
2011 completion
Aqaar's Ajman One Phase 2
breaks ground
Aqaar and Accor Hospitality team
up to open new Novotel
Aqaar Properties announces
Phase 2 of Dhs2.7bn 'Ajman One'
AME Info | Burooj Properties:
Burooj Views completed and
ready for delivery
OCI awarded development
contract for Burooj Properties
Egypt project - Village Garden
Katameya
Page 24 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
Burooj Properties unveils new
offers and incentives for Egypt
project
Burooj Properties to expand its
client base by investing in Egypt
Burooj Properties unveils new
'Mohammed bin Zayed' project
for medium and limited income
class
AME Info | Al Manal Development:
Al Manal Development to deliver
lakeside residence
Al Manal participates in Special
Real Estate Summit
Two contractors sign on for Al
Manal Development's latest
project
Al Manal Development first to
issue new RERA pre-registration
certificates
The first real estate trust
account opened by Al Manal
Development with Badr Al Islami
AME Info | Al Faraa Properties:
Al Fara'a Properties hands over
'Le Grand Chateau' project ahead
of 2010 deadline
Al Fara'a Properties affirms
steady construction progress
across its development portfolio
Al Fara'a Properties achieves
major milestone for its Dhs353m
Manhattan Luxury Apartments
Project
Al Fara'a Properties presented
`Best Development' award at
CNBC Arabian Property Awards
2008
Al Fara'a Properties unveils
Dhs2bn Bellatora Residences
AME Info | Al Mazaya Holding:
First Dubai signs agreement with
local Islamic Bank to renew
credit limits
Al Mazaya sees 45% increase in
rental income and 19% decrease
in finance cost
Al Mazaya General Assembly
agrees against distribution of
dividents for year 2012
Al Mazaya reports 92% increase in
net revenues resulting
Mazaya Qatar appoints new CEO
AME Info | RAK Properties:
Page 25 UAE MEGA PROJECTS
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RAK Properties set to launch two
new iconic residential projects at
Cityscape Global 2013
RAK Properties launches world-
class customer service centre
RAK Properties posts net profit of
Dhs51.10m in second quarter
year 2013
RAK Properties' Board of
Directors to announce 1st half
financial results on 28 July
RAK Properties offers sales
packages giving full ownership
over two and three year periods
AME Info | Saraya:
Saraya Aqaba signs $629m
contract with international joint
venture led by Arabtec
Saraya Aqaba's General Assembly
approves a JD450m capital
increase
Saraya Aqaba to increase capital
by JD430m
Saraya selects contractor for its
W Amman hotel mixed use tower
in Abdali
Saraya Aqaba addresses solutions
with customers
AME Info | First Bahrain:
Majaal breaks ground on new
construction in Bahrain
Majaal to be long-term home for
Abudawood Alsaffar Co.
Majaal signs new tenancy
agreement at the Gulf Industry
Fair 2013
Majaal doubles size of its
facilities in Bahrain
Majaal signs new tenancy
agreement
AME Info | RAKEEN:
Rakeen Development gears up
for showcase of highly
anticipated island projects at
Cityscape Global in Dubai
Rakeen completes structural
work and block work on Bab Al
Bahr
Rakeen completes 80% of
infrastructure work on Ras Al
Khaimah's Al Marjan Island
Rakeen to participate in MIPIM /
MIPIM Horizons 2010
Rakeen appoints Harradine Golf
to design Mukhrovany Golf
Village
Page 26 UAE MEGA PROJECTS
13-May-14 2:59:23 PM http://uaemegaprojects.blogspot.ae/
GCC Business Recap:
Ministry of Economy and US Department of Commerce express intent in forging stronger bilateral ties
Second Al Gharbia Development Forum to highlight economic overview and investment opportunities in region
Do expats enjoy the same retirement rights in the UAE as in their home countries?
Bahrain expects non-oil sector to drive economy
Oman says no decision yet on switching sponsors

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