#Construction

Arada gets Dhs250m funding from Dubai Islamic Bank for megaproject construction

The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank

Qatar says World Cup preparations on track despite pandemic

Qatar is spending hundreds of billions of dollars on infrastructure construction ahead of the World Cup

Dubai Roads

RTA awards contracts for constructing 34.4km internal roads in Dubai

The internal roads will be constructed at three residential communities – Al Quoz 2, Nad Al Sheba 2 and Al Barsha South 3

Abu Dhabi’s Aldar launches Noya Luma villa project in Yas Island

Construction is set to commence in November 2021, with handovers expected to begin in February 2024

Sharjah’s Arada awards Dhs180m contract to build The Boulevard at Aljada

Construction will commence immediately, with completion scheduled by end-2022

Click and mortar: The acceleration of technology in construction in the GCC

The future of the construction sector hinges on how swiftly players adapt to newer technologies

Abu DHabi

Abu Dhabi issues two PPP tenders to private sector

The projects include the construction of three schools and a street lighting upgrade programme

Al Khawaneej Roads Improvement Project

Video: New Dubai-Sharjah road cuts travel time between the two emirates

The Al Khawaneej Roads Improvement Project cuts travel time between the Emirates Road and the Sheikh Mohamed bin Zayed Road from 25 minutes to 9 minutes

Construction of roads to the new Al Khail Avenue Mall to be completed soon – Dubai’s RTA

The roads and bridges leading to the mall will complete construction by the end of the first half of 2021

Dubai Centre for Waste Processing

Dubai to build one of the world’s largest energy-from-waste projects

A consortium of companies will build and operate the Dhs4bn Dubai Centre for Waste Processing

Aldar Yas Mall Abu Dhabi

Aldar unveils Dhs500m Yas Mall redevelopment plan in Abu Dhabi

The redevelopment will add a total of 15,000 sqm of office space to Yas Mall

Arabtec Holding

Arabtec confirms filing for bankruptcy in Dubai Court

The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application

Tadweer Abu Dhabi

Tadweer recycled 1.9 million tons of construction waste in Abu Dhabi last year

The Abu Dhabi Executive Council has mandated that at least 40 per cent of recycled materials be used in road and construction projects across the emirate

Trump’s Dubai golf expansion gets delayed until at least 2022

The 18-hole course designed by Tiger Woods is reportedly facing another delay

Work progresses on One Za’abeel project in Dubai with Tower B topped out

The One Za’abeel project includes two towers and ‘The Link’ – claimed to be the world’s longest cantilevered structure

Aerial View of Coral Bloom Concept

In pics: Saudi’s Red Sea project unveils ‘Coral Bloom’ design for gateway island

Upon completion in 2030, the Red Sea project will comprise 50 resorts, offering up to 8,000 hotel rooms

UAE-BUSINESS- Arabtec

CEO of Dubai contractor Arabtec resigns amidst its ongoing liquidation

Wail Farsakh was appointed to the role in April 2020

Proceedings begin in Amman court against former Drake & Scull CEO Khaldoun Al Tabari

The public prosecutor in Amman has filed an indictment against Al Tabari, his daughter Zeina Khaldoun Al Tabari, and Saleh Mustafa Muradweij on several charges

In pics: Abu Dhabi’s Al Qana project, featuring region’s largest aquarium, now 90% complete

Spread across 2.4km, the waterfront destination is expected to open this year

Dubai contractor Arabtec to file for liquidation at ‘earliest opportunity’

The decision reversed efforts sought by a minority group of shareholders to restructure and save the company from liquidation

AquaChemie Middle East

AquaChemie begins construction on $40m petrochemical terminal at Jebel Ali Port in Dubai

The specialised bulk storage terminal will have a total capacity of around 40,000 cubic metres

Saudi Binladin considers joint ventures and asset sales amid revamp

The company has put thousands of employees on indefinite leave in recent months

Sheikh Mohammed bin Rashid Al Maktoum Dubai

Sheikh Mohammed reviews Dhs6.6bn upcoming environmental sustainability projects in Dubai

It includes the construction of a Dhs4bn Dubai Centre for Waste Processing and a Dhs2bn Green Dubai Park Project

Abu Dhabi’s ADNOC grants $324m worth of contracts to optimise onshore field operations

The contracts also include the construction of a new bypass system to backup existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals

Samana Developers’ projects worth Dhs185m sold out in Dubai

The two residential projects include 327 studios, one, two-bedroom apartments and six retail outlets

Abu Dhabi converts status of 29 industrial licences to ‘production’

Construction and glass industries account for the largest share of industrial licences in Abu Dhabi with 20.1 per cent

Arabtec

Dubai’s Arabtec to file for liquidation – reports

It recorded an H1 2020 loss of Dhs794m

Majid Al Futtaim Elan Tilal Al Ghaf

Phase III of Majid Al Futtaim’s Elan neighbourhood in Dubai sells out in 48 hours

Construction on the Elan neighbourhood began in July this year

Drake & Skull

Dubai-based contractor Drake & Scull appoints new CEO, CFO

Munir Mansour has been appointed as the new CEO, while Peter Lalor has now taken over as the CFO

Dubai Chamber headquarters extension slated to be ready by early 2021

As much as 76 per cent of the construction work has been completed on the building