#Construction

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

Dubai

Dubai Land Department introduces AI into real estate valuation process

The valuation will be provided via DLD’s app called Dubai REST

Explainer: How can the construction sector ensure the new normal is green?

Sustainable policies and awareness will help build a better future, opines Ali Al Jassim, chairman of Emirates Green Building Council

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain awards 769 tenders worth $1.7bn in H1 2020

The construction and engineering sector accounted for the biggest share of contracts in the first six months of the year

Saudi’s Amaala strengthens alliance with Dubai-based HASCO

The startup will offer excavation, backfilling, and earthworks for Triple Bay Marina

Dubai-new

Dubai businesses return to growth in July as pandemic impact eases

Construction as well as the wholesale and retail industry are leading the upswing

Arada launches new garden community at Aljada, Sharjah

Homes in Sarab 2 will be available for sale from August 10 onwards

Arada Aljada Sharjah

Arada awards Dhs423m construction contract for phase two of Aljada development in Sharjah

The East Village contract includes the construction of 16 apartment blocks with the project set to be completed by 2021

Expo 2020 Dubai uses wellness wearables to improve workers’ safety

The wellness wearable devices, regularly used by elite athletes worldwide, have been tailored to the needs of construction workers

Abu Dhabi’s Jubail Island Investment Company awards Dhs86m contract to Gulf Contractors Company

The overall infrastructure works on Jubail Island amount to approximately Dhs600m

Dubai

Dubai’s real estate sector records transactions worth Dhs72.5bn in H1 2020

In H1 2020, 4,536 women investors completed 5,112 investments worth Dhs6.6bn

Dubai reveals additional stimulus package worth Dhs1.5bn to support businesses

The stimulus package aims to support small and medium enterprises and a number of strategic sectors

Dubai buildings

Sheikh Mohammed establishes new committee to ease issuing building permits in Dubai

The committee will list, analyse, revise and develop procedures for providing services related to the issuance of building permits

Arabtec

Dubai-based Arabtec appoints Mubadala deputy group CEO as chairman

Waleed Al Mokarrab Al Muhairi replaces Mohamed Thani Al Rumaithi who recently tendered his resignation

New mega urban development project, Masar, launched in Saudi’s Makkah

The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases