Construction Industry News

Plans in place to have 70 Metro stations in Dubai by 2020

5th February 2014

Gulf News reported that plans to extend sections of Dubai Metro are on track with the designs of the expansion on three ends of the network currently being worked out, as told by a Mr. Abdullah Yousuf Al Ali, acting CEO of Roads and Transport Authority (RTA) Rail Agency. The extension will include doubling the length of Green Line, extending the Red Line from both ends including a branch to Red Line from Jebel Ali to the Expo 2020 site as well as building 21 more stations on the entire network.[..]

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MAF to develop Community Shopping Mall in IMPZ

4th February 2014

Tecom Investments, a unit of Dubai Holding, has sold a plot of land to Majid Al Futtaim (MAF), the latest in a series of plot sales initiated by state-linked firms in the emirate to raise funds. The 1 million sq.ft plot of land is located at Tecom's International Media Production Zone (IMPZ), a development that spreads across 43 million sq ft.[..]

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Dubai Investments and Union Properties to develop Plots together

Dubai Investments and Union Properties to develop Plots together

2nd February 2014

KhalidBinKalbanMr. Khalid Jassim Mohd Bin Kalban, Chief Executive Officer at Dubai Investments said that the company will join forces with Union Properties to develop plots of land around Dubai Expo 2020 site, The National reported recently. Other pieces of land that Dubai Investments (DI) owns bordering the Expo site will be developed under the DI banner. Mr. Kalban said announcements on some major projects will be made in two to three months time with regards to the sites around the Expo site.[..]

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MAG Group to develop Dhs.800Mn project in Dubai Healthcare City

2nd February 2014

Dubai based MAG Group announced the signing of a joint venture agreement with Dubai Healthcare City to develop approximately one million square feet mixed-use project in Dubai Healthcare City at an estimated cost of around Dhs.800 million. The development will include two hospitals covering a total of 260,000 square feet, plus an 80,000 square feet clinic; a residential complex of four buildings with combined gross floor area of 430,000 square feet; a hotel apartment with a gross floor area of 80,000 square feet and 100,000 square feet of retail space. The project will also include a mosque and one of the most advanced automated car parks and extensive hard and soft landscaping.[..]

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Arabtec wins $5.5b contract from Aabar

2nd February 2014

Arabtec is understood to have secured a Dhs.20 billion ($5.5 billion) contract from Abu Dhabi state fund Aabar to build as many as 37 major buildings across the United Arab Emirates as reported by Gulf News. The contract is one of the largest construction deals awarded to any contractor in the country. Aabar plans to build 12 mixed-use towers and 14 residential towers in Abu Dhabi, in addition to six furnished hotel apartment buildings and four hotels in Dubai. All the projects are expected to be completed before 2020 Dubai World Expo.[..]

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Nakheel to build nine hotels in Dubai by 2016

Nakheel to build nine hotels in Dubai by 2016

29th January 2014

AliRashidLootahDubai’s Nakheel chairman Ali Rashed Lootah while speaking to Bloomberg News, announced that it will have nine hotels under development by 2016 as it seeks to benefit from local tourism growth. He said Nakheel may build an additional four hotels on its upcoming Deira Island, formerly known as Palm Deira, in addition to an already announced property on the site.[..]

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Doha gears up to be a SMART CITY with Arab Future Cities Summit 2014

Doha gears up to be a SMART CITY with Arab Future Cities Summit 2014

28th January 2014

arabfuturecitiesDoha will once again play host to the Middle East’s premier smart cities event, Arab Future Cities Summit on 7th and 8th April, 2014 at Sheraton Doha Resort and Convention Hotel. Under the patronage of H.E. Sheikh Abdul Rahman Bin Khalifa Al Thani, Minister for Municipality and Urban Planning, State of Qatar, this event will attract over 300 high profile senior executives to discuss the progress and future requirements for constructing smart cities across the MENA region. With a focus on knowledge sharing and networking, the 3rd annual Arab Future Cities Summit 2014 will showcase best practice strategies and opportunities in the pipeline for city development through presentations from local thought-leaders and international smart city experts, and the innovative solutions that will integrate citizens, systems and services.[..]

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Abu Dhabi GDP rises 7.7%

13th January 2014

Abu Dhabi emirate’s GDP at current prices rose by 7.7 percent and reached AED911.6 billion at the end of 2012, compared to AED846.7 billion in 2011, state news agency Wam reported. The Economic Report of Abu Dhabi 2013 issued by the Studies Directorate of the Department of Economic Development has explained this relative growth through low growth rate achieved by the extractive industry activity in 2012, which amounted to about 6.2 percent, compared to 52.8 percent in 2011, due to the limited increases in quantities of oil production, and the limited rise in oil prices in global markets during 2012 compared to 2011.[..]

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