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DAMAC Properties awards US$241mn Cavalli Tower

Staff Writer | Feb 14 2023

Ventures Onsite Construction News Update

In the news this week

Sany Alameriah partners with MGB Berhad

Saudi Arabia’s Sany Alameriah For Construction Company entered into a contract agreement with MGB Berhad, a leading Malaysian construction and property development company, to design and build 10,000 residential units in Jeddah.

The US$665 million project is being developed as part of Sakani housing programme and due for completion in five years.

Starlinks launched fulfilment centre in KSA

Starlinks, a leading logistics and supply chain solutions provider in Saudi Arabia, announced the launch of the most technologically advanced fulfilment centre in the Kingdom.

Located in Agility Logistics Park, the facility will comprise a storage area of 400,000 square feet and will be equipped with 254 autonomous robots for picking and sorting, providing storage capacity for over 12 million units.

ILF Consulting Engineers won contract in KSA

ILF Consulting Engineers Saudi Arabia was appointed as the consultant for pre-development studies of three multiple gigawatt solar PV parks, which, once commissioned, would constitute by far the world’s biggest renewable energy projects by installed capacity.

The scope of work for ILF involves provision of world-class engineering services for the parks to reach a development maturity ready for tendering on IPP basis.

eXtra Saudi partners with Mawani

The Saudi Ports Authority (Mawani) signed an investment agreement with leading consumer tech retailer United Electronics Company (eXtra) to set up a state-of-the-art logistics center at King Abdulaziz Port in Dammam. To be built over 32,000 sq.m, the logistics and distribution centre is estimated to cost $9.3 Mn.

DAMAC Properties awards Cavalli Tower

In news from UAE, DAMAC Properties awarded main works construction contract worth US$241mn for its 71-storey Cavalli Tower in Dubai Marina to China State Construction Engineering Corporation.

At completion, the 436-unit Cavalli Tower will feature premiere interior designs by renowned Italian fashion house Roberto Cavalli.

Aldar Properties announced Manarat Living

Aldar Properties unveiled ‘Manarat Living’, a boutique residential development in Abu Dhabi’s Saadiyat Island.

The development will feature 273 homes and will feature a range of sustainable design and building measures, including the use of efficient water fixtures, green building technologies, and sustainable construction materials.

Al Zorah Development launched Seaside Hills Residence

Al Zorah Development Company, a joint venture unit between Ajman government and Solidere International, has announced the launch of its new beachside residential project – Seaside Hills Residence in the emirate. The development will comprise three interconnected buildings with a total of 90 residential units.

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