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Emaar Properties has unveiled new residential towers in the Opera District in Downtown Dubai.The “Act One | Act Two” residences are housed in 52- and 46-storey towers with views of the Burj Khalifa and Mohammed bin Rashid Boulevard, and located close to the Dubai Mall. The towers will feature 718 residential units as well as retail units and cafes, a health club, a spa and swimming pools.Emaar Properties’ managing director Ahmad Al Matrooshi said: “Act One | Act Two are truly a defining destination of choice for all culturally inclined as they now have the unique value proposition of living right next door to Dubai Opera.“A premium development that celebrates the vibrant cultural lifestyle of the city, the residences bring a one-of-a-kind lifestyle choice to the city.“The international launch of the project underlines the strong demand from discerning investors who cherish the inspired way of life that Act One | Act Two brings.”The residential towers will be launched internationally on a sales event in London on Wednesday, 10 August, at Harrods, followed by the Dubai launch on Thursday, 11 August, at Emaar Sales Centres.
Construction firm Al Futtaim Carillion has been selected as the preferred tenderer for the construction of the $1bn Reem Mall project in Abu Dhabi.The project, developed by NREC in partnership with UPAC, will deliver 186,000sq m of leasable area. It will feature about 450 stores, including 85 food and beverage outlets and a range of family-focused entertainment offerings. Reem Mall is set to discuss the contract details with Al Futtaim Carillion exclusively, with the aim of finalising an agreement for the mall’s construction.Abu Dhabi-based Dutch Foundation is currently carrying out the enabling works, which involves excavation, lateral restraint systems, and dewatering. Reem Mall’s chief operating officer Shane Eldstrom said: “The announcement marks yet another milestone for Reem Mall and comes on the back of final permission to construct received from Abu Dhabi Municipality earlier this month.“Al Futtaim Carillion was selected as the preferred tenderer due to its strong track record of delivering significant high quality projects in the region, and its team of construction experts. We look forward to successfully completing the tendering process.”Al Futtaim Carillion’s managing director Andrew Ridley-Barker said: “Al Futtaim Carillion prides itself on delivering some of the most notable projects in the region. We hope to have the process concluded shortly and deliver this important retail project to the people of Abu Dhabi.”
Al Jaber Building has won a contract worth AED370m ($100m) from the Tourism Development & Investment Company (TDIC) for the construction of Jawaher Saadiyat villa complex in Abu Dhabi.
Dubai-based healthcare provider Thumbay Group has announced the construction of 6 hospitals and 12 clinics in the UAE and beyond. The healthcare facilities, part of Thumbay’s AED1.2bn ($326M) expansion plan, will be located in the UAE, Qatar, Egypt and India, as well as in other countries. The group’s healthcare and retail division vice president Akbar Moideen Thumbay has said that the group expects to build 420 new medical facilities — including hospitals, medical universities, clinics and pharmacies — over the next four years. The number of staff is also expected to increase from the current 4,000 employees to around 15,000 by 2021.
Abu Dhabi-based developer Aldar Properties has awarded contracts worth AED440M ($120M) to National Projects and Construction (NPC) for its Nareel Island and Al Merief communities in Abu Dhabi.Nareel Island is located on the coast in Al Bateen and is spread over two islands. It will include 148 villa plots, a lagoon, a marina, a clubhouse, open parks, private beaches, as well as pontoons and gardens. The earthworks and marine works tender packages have been awarded in October 2015. Reclamation work for the lagoon has also started, and dredging work on the southern island is complete.Al Merief project is located in Khalifa City and features 283 land plots. The villas will be located within recreational facilities and sheltered gardens, in close proximity to the community's parks, mosques, an Aldar Academies-operated school, and neighbourhood retail centre. The development’s conceptual and preliminary designs were completed in 2015.Aldar Properties’ chief development officer Talal Al Dhiyebi said: "As one of the most exclusive developments in the region, Nareel Island truly brings a new level of luxury to Abu Dhabi. Meanwhile, Al Merief is set to become a welcoming, impressive new address to a burgeoning area of the capital.“With the appointment of NPC, we are on track for the completion of both developments in 2017."Work on both projects is expected to be delivered over a 16 month-period.
Dubai Municipality has approved the construction of an AED20bn ($5.4bn) sustainable city in Dubai.The Desert Rose City, which was first announced in 2014, will be constructed in the Al Ruwayyah area. It will cover an area of 4,000ha and accommodate 160,000 residents.The development will deliver 20,000 plots for building luxury homes and 10,000 affordable housing units.The city, designed in the shape of a desert rose, will feature schools, shopping centres, clinics, hospitals, mosques, a police station and other services. It will also have resources to provide more than 40,000cb m of potable water.Dubai Municipality planning department director Dawood Al Hajeri said the city will produce 200MW of electricity using solar panels on the rooftops of houses and other buildings.The first phase of the development is anticipated to be complete before Dubai hosts the World Expo 2020.
Dubai South has awarded AED1bn ($272M) contracts for project developments in Dubai’s Residential District.Dubai South’s Residential District will feature 10,000 residential units, including villas, townhouses and apartments, accommodating about 35,000 residents. It will also include schools, nurseries, hospitals, retail outlets, food and beverage options, a post office, a swimming academy and a sports centre.Atkins Global, Studio International Architects and RNL Design have been selected to supervise the masterplan and product design for the mixed-use project, which will be delivered in phases. UAE-based Al Nasr is currently working on the first section of the District’s infrastructure, which will be completed by the fourth quarter of 2016. The company has also secured a contract for the construction of infrastructure in Dubai South’s Logistics District.Tristar Engineering & Construction has secured an infrastructure construction contract for the remaining areas of the first phase — scheduled to be complete by the fourth quarter of 2017.Parsons and Kele Constructions have also been awarded a contract to build the first phase of Sakany Staff Village, which will accommodate 20,000 residents by 2020.Additionally, UAE-based City Diamond Contracting has won a contract to build a multi-purpose aerospace supply chain facility in Dubai South’s Aviation District.Ahmed Al Ansari, Dubai South’s acting CEO, said: "We, at Dubai South, are excited to be working with the leading companies in the construction industry to help create a solid foundation for the future of Dubai South residents."This entirely new and incomparable model of urban living puts people first, while celebrating nature and diverse populations, which come together to form a thriving and healthy community."
INSHA Contracting and Trading has won a QAR1bn ($274.6M) contract from Barwa Real Estate for the construction of the first phase of the QAR1.5bn ($412M) Motor City project in Qatar.‘Madinat Al Muwatar’ — to be located on Rawdat Rashed Road, near the intersection with Salwa Road — will house various services related to the sale, purchase and maintenance of used vehicles.The project’s first phase will be constructed on a 215,600sq m site and will include 60 car showrooms with a total area of 18,500sq m, 176 residential apartments, and 10 commercial shops and workshops.The development will also include three electrical substations, internal roads, a petrol station, potable water, firefighting, irrigation, sewage, storm water and CCTV networks, as well as all related services, such as pump rooms and tanks with a total build up area of 34,000sq m. The first phase is expected to be built in 12 months.
Fujairah National Construction (FNC) has won an AED700M ($191M) contract from Mag 5 Property Development (MAG 5 PD) joint venture for a housing community project in Dubai South. The MAG 5 Boulevard development will include 1,172 residential units, retail space, and food and beverage, leisure and entertainment amenities.The 74,000sq m project, located within Dubai South’s residential area ‘The Village’ and adjacent to the Expo 2010 site and Dubai Parks, will be surrounded by running and cycling tracks, playgrounds, and community and retail centres. Talal Moafaq Al Gaddah, MAG 5 PD’s chief executive, said: “FNC has an enviable portfolio for the delivery of premium real estate developments in the UAE. “We are confident in their ability to bring MAG 5 Boulevard to the market within two years and in doing so, create the ultimate quality affordable living in one of the city’s most sought-after locations, Dubai South.”The project is set to break ground this month.
Dubai Parks and Resorts has started construction on the first Six Flags branded theme park in Dubai.The new park will be Dubai Parks and Resorts’ fourth theme park alongside Motiongate Dubai, Legoland Dubai, and Bollywood Parks Dubai.The AED2.6bn ($707M) project will be built on a 325,000sq m area with an opening day footprint of 186,000sq m.Six Flags Dubai will feature 27 rides and attractions for all ages across six themed zones. It will also include at least three world record breaking rides apart from six roller coasters, four aerial attractions, a 350m river rapids ride and three performance spaces.Dubai Parks and Resorts’ CEO Raed Kajoor Al Nuaimi said: “We are delighted to announce that construction has commenced on the region’s first Six Flags-branded theme park.“This is the fourth theme park at our destination alongside Motiongate Dubai, Bollywood Parks Dubai and Legoland Dubai and it will help us strengthen the appeal of Dubai Parks and Resorts as a must visit destination in the region.“Six Flags is a very successful brand in other parts of the world and the introduction of this exciting theme park will further establish Dubai Parks and Resorts as the region’s largest leisure and entertainment destination.”The park is expected to open in late-2019.
Damac Properties has unveiled a collection of colourful villas in Dubai.The project, named Akoya Imagine, is located at the heart of the Akoya Oxygen — a 5M sq m master development that will showcase the greenest living spaces in Dubai.In Phase 1, the three-bedroom villas will be released with starting prices of AED1.2M ($326,713) spread across a three-year payment plan. Homes will also benefit from free service charges for five years.DAMAC Properties’ managing director Ziad El Chaar said: “Akoya Imagine is targeted towards a new type of buyer – young, professional and savvy to the lifestyle and financial benefits of buying in an international golf course community. “This type of community is proven to consistently yield higher returns than a purely residential one and there is a limited supply in Dubai. Combined with the Tiger Woods Design element, a villa in AKOYA Imagine presents a very lucrative investment, not to mention an extremely attractive home.”The units will go on sale on Saturday, 9th of July.
UAE-based Arabian Construction Company (ACC) has been awarded a contract to build Mashreq Bank new headquarters in Dubai.The 151m-tall tower will be built within a period of 28 months and will feature four basements, a ground level and 35 additional storeys.The L-shaped structure, with a square top crown by Skidmore, Owings & Merrill’s Chicago office, will cover a plot area of 4,868sq m and a total built-up area of 71,292sq m. Ghassan Merehbi, ACC’s chairman, said: “We are delighted to be working with one of the best-known banking industry names in the Middle East, and to be able to add Mashreq Bank headquarters to our portfolio of noteworthy projects across the UAE.”Mashreq will relocate from its current headquarters in Deira, where it has been operating since its establishment in 1967, to the new building as soon as it is completed. HE AbdulAziz Al Ghurair, Mashreq’s CEO, said: “The planned tower is testament to the growth we have witnessed over the last 50 years, which has in many ways mirrored that of both Dubai and the UAE.“In a short space of time, the country has established itself as an international gateway for trade and banking, and we’re confident in its ability to maintain its momentum, allowing us to continue investing in our business and talent across the country and wider region.”Construction work is expected to commence in December 2016, with its completion expected in April 2019.
Whaha Capital subsidiary Waha Land has signed an AED426M ($116M) financial deal with Emirates Islamic Bank for Stage 2 of its Almarkaz light industrial real estate project in the United Arab Emirates.The 1.5sq km development is located 25km south of Abu Dhabi city. Stage 2 of the project, to be built in two packages, will include an additional 187,000sq m of premium industrial and logistics facilities, as well as retail and commercial amenities.Package 2a, to be delivered by Ali & Sons Contracting L.L.C, consists of 92,500sq m of industrial and logistics facilities, and retail and commercial amenities. The first buildings will be available for occupancy in June 2017, while the entire package is expected to be complete by the fourth quarter of 2017.Further development will include flexible industrial building sizes, fitted industrial units, warehouse and storage facilities, commercial offices and food beverage outlets.Hazem Saeed Al Nowais, Waha Land’s chief executive officer, said: “Almarkaz has proven extremely popular because of the quality of the facility, and its excellent location as a hub in transport infrastructure.“This success has enabled the project to achieve attractive financing. Building on the success of Stage 1, we are moving ahead with our planned development, which aims to meet the needs of the Abu Dhabi manufacturing and logistics market in addition to SME’s.” Almarkaz’s Stage 1 comprises 90,000sq m of industrial and logistic units, which are already fully leased.
A Salini Impregilo-led consortium has won a $955M contract from Kuwait’s Public Authority for Housing Welfare to build an urban residential development in Kuwait.The contract forms part of the South Al Mutlaa Housing Project and includes the construction of 12,000ha of residential development about 40km northwest of Kuwait City.Upon completion, the project will provide accommodation for 400,000 residents. The project will also see the construction of 150km of roads and related structures, numerous art works, lighting infrastructure, water distribution, rainwater gathering and sewage systems, and other civil works.
Oman Tourism Development Company (Omran) has announced that it will facilitate the development of Oman’s first world-class family waterpark in Muscat.The project has been developed by six graduates of the National CEO Programme (NCP) — an initiative by the public private partnership taskforce (Sharaka), under the benefaction of the Diwan of Royal Court.The team has worked on the development for one year, spending 5,000 hours on the elaboration of a detailed business plan, including financial modelling and stakeholder research.James Wilson, CEO of Omran, said: “Omran’s mission is to seek and support projects of national significance that can help position Oman as a leading global visitor destination. “We actively look to support develop and grow national capacities to develop and manage these projects, which is why we are fully committed to collaborating with the NCP. “Based on extensive market research carried out by the NCP team it is clear that there is significant interest from the younger generation in Oman and as is the case at other successful Waterparks in our neighbouring countries it is a significant driver of family based hotel occupancy.”
Turner & Townsend has been chosen to provide full project and cost management services for the construction of Unilever’s new manufacturing plant in the UAE.The £250M facility will enable the consumer brands firm to expand its latest personal care products business across Middle Eastern and Northern African countries, while creating 400 jobs.Turner & Townsend’s managing director for Middle East Mike Collings said: “Having worked successfully with Unilever on multiple occasions, we have a clear understanding of their expectations so we are well positioned to deliver a high-quality finished product, which will exemplify best practice in environmental friendly construction.”Unilever Gulf’s supply chain director Ahmed Kadous said: “We’ve worked with Turner & Townsend before so we’re confident in their ability to deliver the latest and best practice whilst working on this project.“Our decision to continue investing in Dubai was the result of the steady rise in demand for quality personal care products in the region. In addition to that, the new facility will assist us in achieving our long-term vision; doubling the size of our business while halving our environmental footprint.”
Bahrain Real Estate Investment (Edamah) has announced an investment of $930M to transform the Hawar Islands into an eco-friendly tourism destination.The project, to be located across 100ha on the northern coast, will be delivered in two stages. Stage one will include the construction of a 350 key five-star lagoon resort and 150 eco-friendly apartments and villas. Stage two will involve the renovation of an 100-year old Hawar mosque, the development of a bird research centre, a hotel and heritage souq, 155 residential villas and a wellness resort and spa.Construction work is expected to start in 2017, with the lagoon resort opening in 2019. The second phase of the development will be complete by the end of 2021. The development also includes a revamp of the existing Hawar resort, which will offer new water sports activities, entertainment and restaurant facilities. The resort is scheduled to open its doors in July 2016.Edamah’s chief development officer Mireille Babti said: “Preserving the environment and promoting healthy living is at the heart of our development’s strategy. “We are promoting an offering to cater to diverse lifestyles and socioeconomic conditions, and we aim to transform Hawar into an eco-friendly offering that intertwines with nature to provide an experience of barefoot luxury that is second to none.“In doing so, the team is conscious of developing Northern Hawar in a holistic manner, promoting sustainability and innovation, while preserving the raw wilderness of the habitat.”Once completed, the project is expected to create 3,000 direct jobs.Hawar archipelago comprises 35 islands spanning over 51M sq m to the south-east of the Kingdom’s mainland. 80% of its land is a wildlife preservation zone, home to the world’s largest breeding for the Socotra cormorant bird, the dugong seacow, the Arabian oryx, reem gazelle, and extensive sea grass and coral.
Larsen & Toubro and Al Balagh Trading & Contracting joint venture has been awarded a contract to build the Al Rayyan Stadium in Qatar.The contract was announced by the Supreme Committee for Delivery & Legacy.Designed by Ramboll and Pattern, the 40,000-seat stadium will host games up to the quarter-finals at the 2022 FIFA World Cup.Under the contract, the joint venture will be responsible for the main works and construction of the site, following the completion of enabling works.The contract for the project is for a combined value of $360m for both JV partners and is scheduled to be completed by 2019.After completion of the tournament, the stadium will accommodate 20,000 seats and will be the home for Al Rayyan Sports Club.Al Balagh chairman Sherida Saad Jubran Al Kaabi said: "The award of main construction works for Al Rayyan Stadium and precinct to Al Balagh, a 100% Qatari company along with its joint venture partner, L&T, is a great honour and recognition."L&T Qatar CEO Dr Jens Huckfeldt said: "It is a matter of immense pride for us at Larsen & Toubro Limited, along with our joint venture partner Al Balagh, to have been given the responsibility to design and build the Al Rayyan Stadium and Precinct in preparation for the historic first Middle Eastern FIFA World Cup in 2022."We are extremely mindful of the trust and confidence given to us by the Supreme Committee for constructing this stadium and it will be our endeavour to deliver a masterpiece."
Saudi Aramco has signed a memorandum of understanding (MoU) with GE and Cividale SpA of Italy to build the SAR1.5bn ($400M) forging and casting manufacturing facility in Saudi Arabia.The facility will be located in Ras Al-Khair under the Royal Commission of Jubail and Yanbu industrial area.It will complement Saudi Aramco’s plans to develop several industrial projects in the country including a maritime project focused on building, maintenance, repair and overhaul (MRO) of offshore platforms, jack-ups, offshore service vessels and commercial tankers.The facility is scheduled to be operational in 2020 and create 2,000 jobs in the region. Cividale is a producer in the steel and cast iron industry.Saudi Aramco’s senior vice president of finance, strategy and development Abdallah Al-Saadan said: “The MoU reflects our ambition to create a robust supply chain that builds positive synergies in the oil and gas manufacturing sector.“This builds on our deep commitment to support the goals of Saudi Vision 2030 to promote economic and industrial diversification in the Kingdom and boost localized manufacturing.”The plant is scheduled to be operational in 2020 and create 2,000 jobs in the region.
Dubai Holding’s real estate arm Dubai Properties Group has started work on a AED1bn ($272M) waterfront development in Dubai.The project, named ‘Marasi Business Bay’, will feature a 12km promenade, water homes with boat access, floating restaurants and cafes, leisure and entertainment facilities and five tree-lined marinas.It will also include more than 100 shops and outlets, spanning about 16,000sq m, and 60,000sq m of park area.The promenade will be divided into three themed areas, the yacht club with luxury homes, the park and the pier.According to the developer, the Bay is set to become a major future landmark in Dubai, a unique waterside destination concept in the UAE and Middle East.H.E. Mohammad Abdulla AlGergawi, chairman of Dubai Holding, said: “The new project will strengthen the historic relationship between Dubai and its creek through the addition of a new dimension to the residential, tourism and leisure offerings along the Dubai Creek.“Located along the Dubai Water Canal, this waterfront destination embraces the longest water-side promenades, comprising a space rich with green spaces. Our goal is to build a way of life. “Our approach to the real estate landscape has gone far beyond the construction of towers and buildings, to encompass innovation and creativity; a symbol of the civilization of Dubai and the UAE and an essential instrument contributing to the happiness of the people as envisioned by His Highness Sheikh Mohammed bin Rashid Al Maktoum.”‘Marasi Business Bay’ will be built in phases, with its first phase, the promenade, to be complete by September 2016, followed by the park and the yacht club. Overall works are set to be concluded by 2023.
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