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IHC SUBSIDIARY ESG

IHC’s Emirates Stallions Group reports 128% growth in operational profit

ESG reported a substantial revenue increase to Dhs640m, representing an impressive 140 per cent year-on-year increase

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project Image courtesy NEOM for illustrative purposes

Emirates Steel, Eversendai partner for NEOM Trojena Ski Village project

In line with the partnership with Eversendai, Emirates Steel will supply premium steel beams for the construction of the ski village

SAINT-GOBAIN FOSROC

Saint-Gobain agrees to buy Dubai-based FOSROC in all-cash deal

Since 2021, the Paris-based multinational has bought 35 companies

Saudi Arabia’s construction output value to hit $181.5bn by 2028

Saudi Arabia’s construction output value to hit $181.5bn by 2028, Knight Frank says

The ongoing transformation is being driven by Vision 2030, which aims to deliver more than 660,000 residential units and over 320,000 hotel keys

Smart cities, biometrics, nanotech: How techology is reinventing the property industry

Smart cities, biometrics, nanotech: How techology is reinventing the property industry

Technological advancements in the real estate sector are driving efficiency, enhancing user experiences, and fostering sustainable practices

Dubai South: Final phase of South Bay project sells out in 4 hours

Dubai South: Final phase of South Bay project sells out in 4 hours

Upon completion, South Bay will feature over 800 spacious villas and townhouses and more than 200 luxurious waterfront mansions

Drake-Scull-construction

Drake & Scull completes restructuring milestones, eyes future projects

The restructuring has allowed the contractor to write off over Dhs4bn in debt

In numbers: Saudi Arabia poised for EV boom, reveals survey

In numbers: Saudi Arabia poised for EV boom, reveals survey

Saudi Arabia has significant growth potential for battery-electric vehicles, with 71 per cent of consumers “very” or “moderately” likely to purchase a BEV this year, the AlixPartners study showed

George C0allas the CEO of Lifesize Plans Dubai talks about pre-construction technology and its advantages

How pre-construction tech is transforming the property sector

Building information modelling minimises waste, controls costs, coordinates workflows and optimises labour needs for future construction

Nakheel awards contracts for Palm Jebel Ali infrastructure works

Nakheel awards contracts for Palm Jebel Ali infrastructure works

Palm Jebel Ali will serve as a significant residential and leisure anchor for the new Expo 2020 urban centre

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management

Jaumur by Neom

Introducing Jaumur, Neom’s new luxury coastal haven

Jaumur is an exclusive residential community that aims to accommodate 6,000 residents

Aldar issues second green sukuk image Aldar

Aldar issues second $500m green sukuk

The 10-year issuance marks Aldar’s second green sukuk, following its inaugural $500m sukuk issued in May last year

Wajdi Marroun Md of Versatile International on Transforming supply chain challenges to deliver destination-scale projects

Navigating supply chain issues to deliver giga projects

Successful destination-scale project delivery hinges on a radical shift from traditional supply chain management to an integrated model emphasising transparency, quality control, and strategic partnerships

Biggest water park in the Middle East to open in Qiddiya next year

Aquarabia, in Qiddiya City, will feature 22 rides and the developers aim to break four world-records, including constructing the world’s tallest water coaster

ADQ acquires key stake in Australia's Plenary Group

Abu Dhabi’s ADQ acquires key stake in Australia’s Plenary Group

Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East

ROSHN launches ALDANAH

Saudi’s ROSHN unveils new residential project in Greater Dammam

Aldanah will feature more than 2,500 homes, spread across 1.7 million square metres, catering to nearly 10,000 residents

Alpha Dhabi to divest 49 per cent stake in construction subsidiary to ADQ Image-courtesy-WAM

Alpha Dhabi to divest 49% stake in construction firm to ADQ

The collaboration will enable the entities to tackle complex, large-scale projects with a keen focus on safety, quality, and timely delivery

Dubai South Properties awards Dhs1.5bn contract to AL Kharafi to build new phases

Dubai South awards Dhs1.5bn contract to develop new South Bay phases

South Bay is envisioned as a premier residential community located in the heart of the Residential District in Dubai South

Cheyne Capital secures investment from Abu Dhabi’s ADIA

Abu Dhabi unveils new Dhs3.5bn residential project for citizens

The Yas Canal project in Abu Dhabi will comprise 1,146 residential villas for UAE Nationals and is scheduled for completion in Q4 2027

Saudi’s Qiddiya City to build world-first Dragon Ball theme park

The unveiling of the theme park follows the launch of Qiddiya City’s gaming and esports district

AHS Properties CEO Abbas sajwani Image Motivate Media Group

‘Location sets the stage for luxury living’, says AHS Properties’ Abbas Sajwani

Keen to step outside the box and reimagine the expected, entrepreneur and AHS Properties CEO Abbas Sajwani is not just selling dream homes – he’s redefining the landscape of luxury living

New Murabba Mukkab

Saudi’s New Murabba ‘open for international investment’, says CEO

Already making significant strides in laying the groundwork for the iconic Mukaab building, the company has excavated nearly four million cubic metres of material

Abu Dhabi greenlights Dhs66bn development blitz in 2024 Image Ab Dhabi Media Office

Abu Dhabi green-lights Dhs66bn development drive in 2024

Marking a significant focus on bolstering the housing sector, over Dhs59bn has been earmarked for the development of housing and public facilities throughout Abu Dhabi

Reed smith experts on how Saudi giga-projects can introduced innovation to offset risks

Saudi giga-projects: How innovation can offset risks

There is an increasing awareness in the kingdom’s construction market of the necessity for more collaborative contracting methods to get these giga-projects across the finish line – efficiently and profitably

WOW resorts

These developers are bringing the ‘WOW’ factor to Ras Al Khaimah

The development, which has an estimated value of Dhs4.8bn, will be ready for handover by 2026

Bay Views by RAK Properties Image: Supplied

RAK Properties’ Sameh Muhtadi on why Ras Al Khaimah is a magnet for investors

With its strategic location, favourable business environment and diverse investment sectors, RAK offers compelling advantages for investors seeking to maximise their returns, says RAK Properties CEO Muhtadi

Work kicks off on new luxury Baccarat Hotel and Residences Dubai Image Supplied

Work kicks off on new luxury Baccarat Hotel and Residences Dubai

Award-winning architects Studio Libeskind and interior design studio 1508 London led by H&H Development will oversee the design

NEOM's Aquellum development. (Source: NEOM)

NEOM reveals ‘upside-down’, underground skyscraper in Saudi mountains

NEOM’s new futuristic project will also include bringing life-like meta-verse experiences and an “omnidirectional internal transit system”

Ali Al Kuwari on embracing smart and sustainable practices in construction

Insights: Embracing smart and sustainable practices in construction

Here’s why modern brands and construction projects must have sustainability and smart features at their core, and not just as an afterthought