The agreement includes the development of the first net zero carbon administration building to be constructed for the joint venture
RTA has also begun constructing internal roads and street lighting works in four new residential communities: Margham, Lahbab, Al Lesaily and Hatta
The partnership will initially focus on managing selected utilities networks, spare parts management and improved customer offerings
The announcement follows the launch of the Saudi Egyptian Investment Company in August
To mark the event, ADGM chairman Ahmed Jasim Al Zaabi took a special tour to meet the international and local entities located at the financial centre
Around 3,250 workers took part in the track laying work, recording 13 million work hours over 25 months
Intel will also relocate AI experts from various global offices to bring international tech talent and skills into the community
The master plan aims to create a vibrant cultural and creative destination in Dubai that encourages residents and visitors to engage with art and culture
The board appointed Ahmed Al Hashemi as CEO, and Mohammed bin Zahran Al Mahruqi as deputy CEO of the company
The newly formed company will handle the design, development, and operation of the rail network, connecting Sohar Port to the UAE National Rail Network
The joint venture Etihad Rail DB has been responsible for the operations of stage one of the UAE National Rail Network since 2016
The agreements, signed at InnoTrans 2022 in Berlin, cover rail operations and maintenance, service facilities, passenger stations and cargo transportation
Once ready, the new terminal will have an initial capacity of 1.8 million TEUs
General cargo volumes were up 8.93 per cent to reach 5,722,622 tonnes, with dry bulk cargo hitting 32,723,465 tonnes, reflecting a 7.16 per cent increase
The launch of KEZAD Group opens new opportunities to scale up adjacent businesses such as KEZAD Communities, which provides integrated solutions for staff residential communities
ARIA Commodities has launched four projects in HFZA, including a bitumen plant, multipurpose refinery, storage terminal and tire recycling plant
The camera can reliably detect collisions, stopped vehicles, wrong-way drivers and pedestrians in challenging lighting and weather conditions
The country excels in several essential areas, including education, environment, climate change, security and safety, cybersecurity, infrastructure, flexibility of regulations and governance
The bank approved a $1.79m grant for projects in key sectors such as food security, health, transport, energy, urban development, education, water and sanitation
The new corporate identity reflects ADNEC Group’s refreshed vision and mission, as it seeks to expand both in business terms and geographically
The Al Wakrah and Al Wukair STW project, valued at QAR5.4bn, is in line with Qatar’s 2030 Vision to streamline water consumption and the use of unconventional water resources
Al Shindagha Corridor Project is one of the biggest projects currently undertaken by RTA, and has been split into seven phases
The facility aims to host SMEs and startups by offering solutions that are designed for multipurpose activities
The new fleet was designed specifically to withstand the geographic, climate conditions, and the high temperatures and humidity levels common in the GCC
Agility reported H1 2022 earnings of 11.41 fils per share on a net profit of KD28.8m while revenue increased 22.9 per cent to KD270.5m
The 22.32 per cent stake in Aramex, which was transferred to AD Ports Group in January 2022, contributed Dhs12m to EBITDA and net profit in Q2
The company reported that H1 2022 revenues, excluding accounting construction revenues, were 17.8 per cent behind H1 2021 on the back of weaker Q1 results
The move underscores Dubai’s regional and international leadership in digital transformation and innovation in the construction and infrastructure sector
The Sheikh Rashid bin Saeed Corridor Improvement Project is one of the biggest undertaken by Dubai’s RTA
This 17-megawatt peak solar project will be the first-of-its kind to be installed in the region