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DIR launches a residential project in JVC

Staff Writer | Apr 01 2024

Ventures Onsite Construction News Update

In the news this week

Larsen & Toubro wins contract to build hospital in Oman

In Oman, the Ministry of Health awarded the Buildings & Factories (B&F) vertical of Larsen & Toubro Construction (L&T) a contract to construct the 165-bed Al Namaa General Hospital. The scope of work includes the construction of a G+4 building, including a basement and ancillary buildings.

Green Metal Industries sets up a US$100 Mn facility 

UAE-based Green Metal Industries will set up a US$100 Mn special steel recycling and production facility in Kezad, Abu Dhabi. Spanning over 116,000 sq m in Kezad Industrial Area, the plant will utilize cutting-edge recycling technologies like melt shops, refining facilities, multi-product continuous casting, and a rolling mill to convert metal scrap into high-quality products for diverse industrial applications, including construction and infrastructure developments.

Ssangyong E&C partners with Emaar Properties 

Ssangyong Engineering & Construction Co. announced that it secured two luxury residence construction projects from Emaar Properties in Dubai. The total construction cost amounts to US$223 Mn. Creek Waters 1 and 2 each consist of two basement levels and 52 above-ground floors, totaling 450 and 455 units, respectively.

KOWEPO partners with EDF Renewables for Khazna 1.5GW Project

Korea Western Power Co. (KOWEPO) announced in a statement that it has signed a Joint Development Agreement with EDF Renewables for the potential development of the Khazna 1.5 GW Solar Project in UAE. The project will have a generation capacity of 1,500 megawatts (AC).

DIR launches a US$81.74 Mn residential project in JVC

Dubai Investments Real Estate (DIR), Dubai Investments’ real estate arm, launched a US$81.74 Mn residential project in Dubai’s Jumeirah Village Circle (JVC). Named Violet Tower, the project features a ground floor, four podium floors, and 27 additional floors comprising a total of 287 units.

Bloom Holding appoints Emirates Link Maltauro for Casares

Bloom Holding appointed Emirates Link Maltauro as the main contractor to carry out the construction work for Casares, phase three of its Bloom Living development. Casares comprises two—and three-bedroom townhouses and is scheduled for completion in Q1 2026.

Feerum Egypt establishes a new factory 

Feerum Egypt has announced the establishment of a new factory spanning an area of 51,950 square meters in the East Port Said region. The design, manufacture, and construction of grain storage silos is backed by an investment of US$34 Mn.

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