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Dubai Holding awards record Dhs5bn contract for new headquarters

Scheduled to open in 2029, Dubai Holding’s new headquarters will consolidate the group’s businesses into a single workplace designed to promote collaboration, sustainability and employee wellbeing

Rajiv Pillai
Rajiv Pillai

09 September, 2026

Dubai Holding awards record Dhs5bn contract for new headquarters
Bird's Eye View Render/Image: Supplied

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Dubai Holding has awarded its largest-ever construction contract, signing a Dhs5bn agreement with China State Construction Engineering Corporation Middle East (CSCEC ME) to build its new headquarters and the Jumeirah Residences Emirates Towers development.

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, witnessed the signing ceremony, which was also attended by His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, Her Excellency Ou Boqian, Consul General of the People’s Republic of China in Dubai and the Northern Emirates, Amit Kaushal, group CEO of Dubai Holding, Tian Sanchuan, chairman of CSCEC ME, and senior representatives from both organisations.

The Dhs5bn contract is the largest construction award made by Dubai Holding to date, reflecting the group’s continued investment in projects supporting Dubai’s long-term economic growth.

Scheduled to open in 2029, Dubai Holding’s new headquarters will consolidate the group’s businesses into a single workplace designed to promote collaboration, sustainability and employee wellbeing. The project will also include Jumeirah Residences Emirates Towers, comprising 754 branded residences across two towers in one of Dubai’s prime commercial districts. The residential development is expected to be completed in 2030.

Sheikh Ahmed bin Saeed Al Maktoum said: “Dubai’s success has been built on a clear vision for the future, the confidence to invest with purpose and the discipline to turn ambition into progress. We continue to build from a position of strength, committing capital to assets that support economic growth and create value for our people, communities and future generations.

“For more than two decades, Dubai Holding has been an important contributor to the emirate’s transformation, enabling economic activity equivalent to 30 per cent of Dubai’s GDP. This investment reflects the same long-term ambition: to keep setting new standards for what a global city can achieve, and to strengthen Dubai as a global hub for business, investment and talent.”

The headquarters has been designed by Skidmore, Owings & Merrill (SOM), the architectural firm behind several of the world’s landmark buildings. Featuring a distinctive circular design, the building will be centred around an open-air atrium and landscaped courtyard, with expansive terraces intended to encourage collaboration.

Dubai Holding said the headquarters has been designed with sustainability, technology and employee wellbeing at its core, with ambitions to meet leading international sustainability and workplace wellbeing standards while supporting a lower-carbon future.

Amit Kaushal, group CEO of Dubai Holding, said: “This commitment reflects the scale at which Dubai Holding continues to invest for the future. We have a clear strategy for growth and a disciplined approach to capital deployment, focused on strengthening our portfolio, advancing high-quality assets and creating sustainable long-term value for the Group and the city.

“Our new headquarters marks the next phase in our evolution. Built to world-class design principles, it sets a new benchmark for prime office space in Dubai and is designed for the people who will shape our future, today and in the years to come. Jumeirah Residences Emirates Towers carries the same ambition in another form, adding a residential landmark to one of Dubai’s most prominent districts and adding further strength to our real estate portfolio.”

CSCEC ME will also construct Jumeirah Residences Emirates Towers, a flagship Meraas development designed by SCDA Architects. The branded residences will combine contemporary architecture with Jumeirah’s hospitality offering and feature a range of lifestyle, wellness and leisure amenities, alongside direct connectivity to Dubai’s key business and cultural destinations.

Tian Sanchuan, chairman of CSCEC ME, said: “We are honoured to have been awarded these landmark projects by Dubai Holding, reflecting the mutual trust and confidence between our two organisations.

“These landmark developments reflect the resilience and strength of Dubai’s economy and reinforce our confidence in its continued growth. We remain committed to Dubai and are proud to contribute to the development of this remarkable city and its ambitious future.”

Operating in the UAE since 2003, CSCEC ME has delivered more than 110 large-scale residential, commercial, hospitality and infrastructure projects across the Gulf region.

Aramex appoints former DHL executive as chief commercial officer

Based in Dubai, Faysal El Hajjami will lead Aramex’s global commercial agenda

Rajiv Pillai
Rajiv Pillai

09 September, 2026

Aramex appoints former DHL executive as chief commercial officer
Faysal El Hajjami/Image: Supplied

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Aramex has appointed logistics industry veteran Faysal El Hajjami as its new chief commercial officer (CCO), strengthening its executive leadership as the Dubai-headquartered logistics company accelerates its global growth strategy.

Based in Dubai, El Hajjami will lead Aramex’s global commercial agenda, overseeing commercial strategy and execution, customer growth, sales, pricing, and strategic account management across the company’s international network.

He joins Aramex from DHL Express, where he most recently served as vice president commercial for the Middle East and North Africa. In that role, he oversaw commercial strategy across a significant regional revenue portfolio and was a member of DHL’s Global Commercial Executive Committee.

El Hajjami brings more than 25 years of experience in the international express and logistics sector, with expertise spanning commercial strategy, sales, pricing, product development, aviation, trade lanes and general management.

Amadou Diallo, Group CEO of Aramex, said: “We are delighted to welcome Faysal to Aramex. He brings an exceptional depth of commercial and logistics experience, together with a proven ability to drive profitable growth and lead transformation across complex international markets.

“As we continue to strengthen our global commercial capabilities and deepen the value we deliver to customers, Faysal’s expertise will be invaluable. We look forward to working with him as we continue to execute our growth ambitions with the Accelerate program.”

Commenting on his appointment, El Hajjami said: “I am excited to be joining Aramex at such an important point in its journey. Aramex has a strong global brand, an entrepreneurial culture and a network that connects customers across some of the world’s most dynamic trade markets.

“I look forward to working with teams across the organisation to build on these strengths, deepen our customer relationships and further strengthen commercial excellence across the business. Above all, I am excited by the opportunity to help shape the next phase of sustainable, profitable growth for Aramex and its customers.”

Separately, Aramex announced that Tim Martin has been appointed Regional CEO, West, following El Hajjami’s move into the CCO role. The company said it looks forward to Martin’s continued contribution as it advances its long-term growth ambitions.

Most UAE EV repairs completed within two weeks as sector tackles parts delays

Shory and EVS data shows nearly 90 per cent of repairs handled by the network are completed within two weeks, but specialist components can take significantly longer to source

Neesha Salian
Neesha Salian

09 September, 2026

Most UAE EV repairs completed within two weeks as sector tackles parts delays
Image: Getty Images/ For illustrative purposes

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Nearly 90 per cent of electric vehicle repairs handled through Electric Vehicle Services’ (EVS) UAE network are completed within two weeks. However, shortages of specialist parts and the complexity of some repairs continue to create longer delays, according to data released by AI-driven insurtech firm Shory and EVS.

The companies said up to 45 per cent of repairs handled by the network were completed within three days, while between 65 and 75 per cent were finished within one week.

Routine servicing and minor repairs typically take between one and two days, according to the analysis.

More complex work involving high-voltage batteries, power electronics, charging systems and software diagnostics can take considerably longer and requires specialist equipment, safety procedures and trained technicians.

Lead times for some high-voltage battery components can stretch to between four and 12 weeks or longer because of reliance on global supply chains, the companies said.

The findings highlight a growing challenge for the UAE automotive sector as electric vehicle adoption increases and the aftersales industry adapts to the different technical requirements of battery-powered vehicles.

Shory cited research from Astute Analytica that said only 15 per cent of repair shops in the UAE currently have EV-trained technicians.

Aoun Al Smadi, CEO of Shory UAE, said a gap remained between consumer expectations and the realities of maintaining and repairing electric vehicles.

“Many drivers expect a simpler maintenance experience, which is true for routine servicing, but the reality is that more advanced repairs require a completely different ecosystem, from specialised diagnostics to integrated repair networks,” Al Smadi said.

He said insurers could play a greater role in improving transparency and giving customers more predictability around the repair process.

Saeed Aljunaibi, founder and CEO of EVS, said access to parts and appropriately trained technicians was critical to reducing the time vehicles spend off the road.

“The biggest challenge after an accident isn’t identifying the damage, it’s having the right infrastructure to repair the vehicle properly,” he said.

EVS said it had invested in EV spare-parts inventory, specialist equipment and repair capabilities in the UAE as it seeks to reduce repair times.

The companies said closer integration between insurers, repair networks and supply chains would become increasingly important as the country’s electric vehicle fleet expands.

Shory offers motor, home, health and pet insurance in the UAE. It is part of First.tech and Judan Financial Holding, IHC’s financial services platform.

Read: Oman sets EV charging fees from October: How much will drivers pay?

Turner & Townsend names new Saudi infrastructure chief

The appointment comes as Saudi Arabia continues to accelerate investment in large-scale transport, logistics and urban infrastructure projects aimed at diversifying the economy and strengthening connectivity

Rajiv Pillai
Rajiv Pillai

09 September, 2026

Turner & Townsend names new Saudi infrastructure chief
Leila Taghavi/Image: Supplied

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Global programme management consultancy Turner & Townsend has appointed Leila Taghavi as head of Infrastructure for Saudi Arabia, as the firm expands its leadership team to support growing demand for major infrastructure programmes across the Kingdom.

Based in Saudi Arabia, Taghavi will lead Turner & Townsend’s infrastructure business across key sectors including rail, roads, ports, water, aviation and defence, supporting projects aligned with the Kingdom’s Vision 2030 economic transformation agenda.

The appointment comes as Saudi Arabia continues to accelerate investment in large-scale transport, logistics and urban infrastructure projects aimed at diversifying the economy and strengthening connectivity.

Taghavi brings more than 20 years of international experience delivering complex infrastructure programmes across Asia, Australia and the Middle East. Before joining Turner & Townsend, she held consultancy and client-side leadership roles, including at Transport for New South Wales, where she was involved in programme delivery, governance and assurance for major capital projects.

Since relocating to the Middle East, she has contributed to several of Turner & Townsend’s transport, aviation, urban development and destination projects in Saudi Arabia.

Graeme Baxter, regional head of Infrastructure, Middle East at Turner & Townsend, said: “Infrastructure represents a significant growth opportunity for Turner & Townsend across the Middle East, particularly in Saudi Arabia. Leila’s decades of experience leading complex capital programmes, proven track record across services our clients value most, and extensive expertise will position her well as we embark on this next phase of growth.

“We pride ourselves on investing in world-class leadership at Turner & Townsend, as we move further and faster to expand our presence across the region.”

Commenting on her appointment, Taghavi said: “Saudi Arabia is undertaking one of the most ambitious infrastructure transformations in the world, driving the creation of nationally significant schemes that will have a lasting impact on connectivity, economic growth and future generations. Turner & Townsend’s reputation for delivering major programmes and excellent client outcomes provides a strong platform for continued expansion. I look forward to working with our clients to help bring to life transformational infrastructure projects across the Kingdom.”

Rakbank rebrands after 50 years, doubles down on digital banking

The bank said the new identity reinforces its commitment to combining digital innovation with personalised banking services

Rajiv Pillai
Rajiv Pillai

09 September, 2026

Rakbank rebrands after 50 years, doubles down on digital banking

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Rakbank has unveiled a new brand identity as it looks to strengthen its position as one of the UAE’s leading financial institutions, marking the latest step in its digital transformation and long-term growth strategy.

The rebrand reflects the bank’s evolution over the past five decades from a community-focused lender into a diversified financial institution serving more than 250,000 businesses, alongside expanding its wholesale banking and wealth management operations.

Rather than a purely visual refresh, the bank said the new identity reinforces its commitment to combining digital innovation with personalised banking services, under the theme “Digital with a Human Touch”.

Raheel Ahmed, group chief executive officer of Rakbank, said: “For 50 years, our brand has stood for trust, innovation and expertise. As we evolve, we are not just modernising how we look. We are rehumanising Rakbank itself.

“Our brand is not built by a logo. It is built by the way our people welcome, listen, care and take ownership every single day. It is shaped by 55 nationalities and five generations working together, united by a shared belief that banking must remain human.

“Technology gives speed, but people give confidence. When customers are buying their first home, growing a business or planning their wealth, they want both digital efficiency and human reassurance. They should never have to choose between the two.”

The bank said the refreshed identity reflects its ambition to deepen customer relationships while continuing to invest in digital capabilities and artificial intelligence.

As part of its transformation, Rakbank’s digital channels have recorded more than 50 million logins, while its in-app digital assistant, rai, now supports more than 270,000 users with personalised services.

The bank also highlighted the growth of Skiply, its digital school payments platform, which serves more than 350,000 students and their families, alongside its Microfinance programme, which has issued more than 590,000 loans to support financial inclusion.

The new brand introduces an updated logo inspired by Rakbank’s heritage, refreshed typography, a more customer-focused tone of voice and an enhanced mobile banking experience designed to simplify customer journeys across digital and physical channels.

The rollout extends across branches, payment cards, digital platforms and customer communications as the lender continues to expand its SME, wealth and wholesale banking businesses while supporting the UAE’s long-term economic vision.

UAE says it does not comment on speculation over leaders’ conversations

The Ministry of Foreign Affairs said the UAE’s engagement since October 7 has focused on de-escalation, regional stability and preventing violence

Nida Sohail
Nida Sohail

09 September, 2026

UAE says it does not comment on speculation over leaders’ conversations

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The UAE Ministry of Foreign Affairs has issued a statement addressing media reporting and speculation concerning conversations between government leaders.

The ministry said the UAE Government does not comment on such reports or speculation, while reiterating its focus on de-escalation and regional stability.

The statement said in full:

“The Ministry of Foreign Affairs underscores that the UAE Government does not comment on media stories or speculation regarding conversations between government leaders.

The UAE’s engagement since October 7 was consistently directed toward de-escalation, regional stability and preventing violence.

UAE and Israeli government entities have maintained open and direct lines of communication since the inception of the relationship more than five years ago. When necessary, all relevant intelligence has been and continues to be communicated between the relevant entities.”

The statement was published by the Ministry of Foreign Affairs on September 8.

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