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INFRASTRUCTURAL DEVELOPMENT - INFRASTRUCTURAL DEVELOPMENT

Private sector dominates UAE projects

Posted on 08/08/2009

The private sector has remained the dominant player in infrastructure and other projects in the UAE, unlike in other oil-producing GCC countries where the government has a bigger share, according to a study by a Kuwaiti bank. Of the total projects planned or underway in the GCC, the public and private sectors both account for roughly the same percentage of projects – around $833 billion (Dh3,057bn) or 39 per cent each, the National Bank of Kuwait (NBK) said. The remaining – 22 per cent – of ...  >>MORE

UAE construction sector still active by global standards, says report

Posted on 29/07/2009

Despite the global slowdown, the UAE continues to be one of the most active construction markets in the world with more than 750 active projects in construction and 450 recently completed, according to a new report* by Dubai-based research house Proleads Global. Although more than 400 projects with a total value in excess of US$300 billion have been placed on hold or cancelled, (the rest either in study, planning, design or bidding), the report forecasts stability returning to the sector this ...  >>MORE

Contractors entering Abu Dhabi increase 50% in H1

Posted on 29/07/2009

The number of contractors and consultants entering Abu Dhabi has increased by 50 per cent during the first six months compared to the same period last year. A report issued by the Directorate of Contractors' Classification and Consultants' Registration at the Department of Economic Development (DED) said the construction sector in Abu Dhabi has witnessed a major development during the first half of 2009. The number of contracting contractors that have been classified and registered by the ...  >>MORE

Final cladding slab to be put on to Burj Dubai within weeks

Posted on 29/07/2009

Construction work on Burj Dubai is almost nearing completion as the final cladding slab is about to be placed within weeks. The tower consists of 24,348 glass, aluminium and steel panels. Arabian Aluminium Company – a member of Al Ghurair Construction Industries, started work on the exterior cladding of Burj Dubai in April 2007 and is now entering the final phase with the manufacture of the six-metre long last panel for the tower. The panel will be transported to the Burj Dubai work site for ...  >>MORE

New DWTC extension on fast track

Posted on 18/07/2009

Dubai World Trade Centre, or DWTC, recently announced that its new, state-of-the-art extension has entered the final phases of completion and is on track to open on schedule. With construction firmly on the fast track, the new space will be open and available for hosting events for the upcoming exhibition season. Upon completion, the new world class Sheikh Saeed Halls will consist of four inter-connected halls including one multi-purpose hall – ‘The Trade Centre Arena.' The Arena, which ...  >>MORE

Aldar set to complete slew of projects

Posted on 14/07/2009

Abu Dhabi-based Aldar Properties, one of the UAE's largest real estate master developers, plans to deliver some major projects this year, according to a senior company executive. "We are going to deliver all of the Phase-I developments on the Yas Island, including hotels, marina and golf course ahead of the Formula One Etihad Grand Prix scheduled for November 1," he told Gulf News. The landmark Aldar head office would be ready by December and Al Bandar, a project comprising luxury ...  >>MORE

Capital Centre contract will be awarded in July

Posted on 14/07/2009

The Abu Dhabi National Exhibitions Company (Adnec), an international venue development and management company, has finished its detailed design on the infrastructure of the Capital Centre project and expects to award tenders this month, according to a senior official. "Tenders have been floated on the infrastructure side of Capital Centre and are expected to be awarded this month," Sanjay Tanna, Business Development Director at Adnec, told Emirates Business. "Work will commence in August," he ...  >>MORE

Prices of building materials retreat by 61.3% during June

Posted on 12/07/2009

Statistics Centre - Abu Dhabi (SCAD) issued yesterday its monthly building materials prices index, for the month of June. The statistical release is coming in line with SCAD active contribution to support the development vision of the emirate of Abu Dhabi, as well reflecting the Centre's keen interest and commitment to produce relevant vital statistics that provide solutions '&' development to help raise '&' elevate awareness within the overall business community and among the public at large ...  >>MORE

Law to regulate buildings in RAK

Posted on 11/07/2009

The building sector in the emirate of Ras Al Khaimah will be better regulated under a new law issued by H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras al-Khaimah. Provisions of law no 1 of 2009 for regulating buildings in the emirate shall be applicable to all buildings with exception of those come under a special decree or resolution. 'No one shall construct a building or make any additions, expansions or partly or wholly demolish it or make any modifications ...  >>MORE

Aldar Properties incorporates three subsidiaries on island project

Posted on 30/06/2009

Aldar Properties, Abu Dhabi's largest real estate developer by market capitalisation, has incorporated three subsidiary companies on Yas Island to meet legal requirements, a senior company executive said on Monday. "Yas Hotel, Yas Marina and the yacht club have been incorporated following approval from the company's board of directors," Ousama Ghannoum, Aldar's Marketing and Media Director told Gulf News. "These entities relate to existing Aldar assets. It's a normal business practice for ...  >>MORE

Reem Island receives four 500MVA and sixteen 80 MVA transformers

Posted on 01/06/2009

Four 500MVA and sixteen 80 MVA transformers, which form the first phase of the Reem Island AED 550 million Grid Station, have been delivered to the Island as part of a project by Abu Dhabi Transmission and Dispatch Company (TRANSCO) to supply Reem Island with electricity. This signals that work on the primary utility program is powering ahead according to the approved schedule. The four 500 MVA and four 80 MVA transformers have arrived and were installed at the 400/132kV Grid Station in Reem ...  >>MORE

Yas Marina flooding complete

Posted on 01/06/2009

Flooding of the marina at the heart of Yas Marina Circuit, the home of the inaugural Formula 1 Etihad Airways Abu Dhabi Grand Prix on November 1st was completed today. The Yas Marina is the first marina to be constructed as a dry basin and subsequently flooded in Abu Dhabi and is the maiden facility operated by Aldar Marinas LLC, a subsidiary of Aldar Properties PJSC. Aldar Marinas will manage the projects at the heart of Aldar's waterfront developments at Yas Island, Al Raha Beach, Al Gurm ...  >>MORE

Capital Gate reaches 100m height

Posted on 27/05/2009

Abu Dhabi National Exhibitions Company (ADNEC) has announced that it has achieved one of the most significant milestones in the construction of the iconic Capital Gate, adjacent to the Abu Dhabi National Exhibition Centre. A gigantic internal Atrium, including swimming pool and ‘tea lounge' has been suspended on the 17th and 18th floors, the halfway point of the 35 storey, 160 metre high tower. The tower now stands approximately 100m high with the central core at level 22 and the external ...  >>MORE

Plan for 100% ownership of Abu Dhabi properties

Posted on 25/05/2009

Abu Dhabi is considering allowing 100 per cent foreign ownership of some projects in the emirate, the chairman of the Department of Economic Development revealed yesterday. "We feel strongly inclined to grant 100 per cent ownership to foreigners in new and old industries as well as other projects," Nasser Ahmed Al Kuwaiti told Emirates Business. "The percentage might be less in other sectors according to the emirate's needs. Ownership covers projects and not land." But he said no final ...  >>MORE

Burj Dubai could still soar higher

Posted on 25/05/2009

It is possible to raise the spire on Burj Dubai, it has been confirmed by a senior official at Emaar. Market talk has been rife about the possibility of a new height by end-2009, higher than the "reported" 818 metres. "It is possible to jack up the spire from the inside of the building. What we have built has been designed for every situation," said Greg Sang, Project Director at Emaar Properties. Burj Dubai is expected to open by the end of this year, against its original completion date of ...  >>MORE

Aldar begins to market landmark office building

Posted on 24/05/2009

Aldar Properties, one of the largest real estate developers in the Middle East, said yesterday it had started marketing a landmark spherical office building just at the northern entrance of the capital. "HQ, the first spherical office building in the world, is now available for lease. The award-winning building developed by Aldar Properties is designed to meet the demands of regional and international companies for high end office accommodation," Aldar said in a statement. It said HQ would be ...  >>MORE

Aldar headquarters open for inspection

Posted on 20/05/2009

On the roof of the new headquarters of Aldar Properties, the last few panels of glass are being put in place. The Dh1.1 billion (US$299.6m) building will be ready for occupation by the end of the year and brokers are beginning the hunt for tenants. Aldar, the largest developer in Abu Dhabi, will take the top four floors. The remaining 80 per cent is available for rent. In spite of its isolation on the Al Raha Beach development, which is off Abu Dhabi island and in an area still under ...  >>MORE

TDIC announce new Saadiyat Construction Village

Posted on 18/05/2009

Tourism Development and Investment Company (TDIC) yesterday rejected leaks by Human Rights Watch about the conditions of construction workers on the Saadiyat Island project off the coast of Abu Dhabi. Abu Dhabi's leading tourism asset developer stressed that "the 2300 workers who are currently working at infrastructure projects on the island receive their full rights and their living conditions are stable." "What Human Rights Watch mentioned is inaccurate and lacks credibility Leaks from the ...  >>MORE

Q1 sees contracts worth US$10.6bn in UAE

Posted on 17/05/2009

Construction contracts valued at about US$10.60 billion (Dh39bn) were awarded during the first four months of 2009 with Abu Dhabi accounting for almost 58 per cent of the contracts awarded. Dubai accounts for another 33 per cent while the remaining nine per cent is spread across other emirates. For the period from January to April, the total value of contracts for commercial, residential and industrial projects was US$7.6bn, energy projects US$2.35bn and infrastructure US$600m. In 2009, major ...  >>MORE

ICT awards Dh1.6 billion construction contract for Nation Towers project

Posted on 11/05/2009

International Capital Trading LLC (ICT) has awarded a Dh 1.6 billion contract for the construction of the prestigious Nation Towers Mixed use development on Abu Dhabi's Corniche, to a joint venture between National Projects and Construction LLC, and Arabtec Construction LLC. The development includes two buildings comprising a 64-storey residential tower, a 50-storey hotel and office tower and a retail podium. The site, which straddles the Corniche seafront, features an underground tunnel ...  >>MORE

UAE top infrastructure builder in GCC with projects worth US$1.5trn

Posted on 10/05/2009

The UAE is the leading builder of infrastructure development projects in the GCC with almost US$1.5 trillion (Dh5.5trn) worth of projects being planned and under construction. While US$28.5bn worth of projects are currently under construction in the country, another US$76.9bn worth of projects are being planned during the coming decades. According to statistics released by Ventures Middle East, about US$2.43trn worth of infrastructure projects are either being built or are in the pipeline in ...  >>MORE

Dubailand fast-tracks 40 projects worth Dh235 billion

Posted on 07/05/2009

Dubailand, a Dh235 billion cluster of 40 mega projects including 20 theme parks, is talking to international technology partners to provide a single-window access to all the attractions once they are completed, a top official said. The project, launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai in 2003, is aimed at reinforcing Dubai's position as a preferred tourism destination. Dubailand is part of the government's ...  >>MORE

Dubai in the frame of winning design

Posted on 07/05/2009

A rectangular frame topped by a cafe and rooftop viewing terrace 150 metres high was announced on Wednesday as the winner of an architectural award for designing a structure emblematic of Dubai. An international jury selected ‘Dubai Frame', measuring 150 metres by 105 metres, as winner of the first prize in the ThyssenKrupp Elevator Architecture Award 2009. The designer, Fernando Donis, a Mexican who lives in The Netherlands, was awarded US$100,000 (Dh367,000) for a creation he says was ...  >>MORE

Work on Burj Dubai interiors rapidly progresses

Posted on 05/05/2009

Work on the interiors of Burj Dubai, the world's tallest building developed by Emaar Properties, is progressing alongside the tower's exterior cladding. Currently over 800 metres (2,624.7 ft) high, the tower's interiors are an aesthetic confluence of the best of the architectural influences from around the world and the region. Complementing the external architecture of the tower that is inspired by the geometries of the desert flower Hymenocalis and regional patterning systems, the interior ...  >>MORE

Abu Dhabi Municipality plans Dh550m Fun City

Posted on 29/04/2009

Abu Dhabi Municipality is planning to set up the Six Continents Fun City in the capital at a total cost of more than Dh550 million, Engineer Abdul Aziz Al Jiraishi, Director of Parks Department at the municipality, told Khaleej Times that the mega project will span over an area of more than 350,000 square metres, and the municipality will select a suitable location for construction of the facility. The project will take one year to complete. "The Fun City will house a pavilion designed in the ...  >>MORE

Aldar delivers solid results in first quarter 2009

Posted on 28/04/2009

Aldar Properties PJSC, Abu Dhabi's leading property development, investment and management company, yesterday announced its financial results for the first quarter of 2009, reporting Dh888.6 million in net profits and Dh14.2 million in net operating profits. Net asset value grew to Dh6.42 per share from Dh6.22 as at 31 December 2008. Net profits for the period amounted to Dh888.6 million, from Dh1,366.5 million achieved in Q1 2008. The drop in net profit was primarily due to lower sales ...  >>MORE

Statement from Dubai Department of Finance

Posted on 28/04/2009

The Department of Finance, Government of Dubai, issued the following statement yesterday in response to an inaccurate and misleading report published in MEED magazine on April 24, 2009. "The Government of Dubai will continue to meet all its contractual obligations, including to construction contractors, as per the terms agreed with all third parties. Further, the Government of Dubai has no intention to limit at any time the number of contractors licensed to operate in the emirate. Finally, ...  >>MORE

No projects on hold, says Emaar

Posted on 27/04/2009

An Emaar Properties spokesperson yesterday said none of the company's projects is on hold. Following is the statement: "No projects launched by Emaar Properties are currently on hold. All the developments are progressing and in line with Emaar's strategy to complete all commenced projects. "As part of our commitment to customers, we are currently offering several options including end-users having the option of transferring their purchases from projects that will be completed at a later stage ...  >>MORE

Dh1bn contracts to be given for Reem Island Phase II

Posted on 23/04/2009

Reputed local and international contractors are being invited to participate in the tenders for the second phase of construction and infrastructure development on Reem Island. A senior official of Bunya, which oversees the infrastructure development and construction on the island, yesterday told Emirates Business that contracts valued at around Dh1billion would be awarded by the end of the year for the second phase of infrastructure development on the Island. Tariq Hatim Sultan, Chief ...  >>MORE

Sheikh Mohammed bin Rashid briefed on mega projects at Abu Dhabi CityScape 2009

Posted on 21/04/2009

UAE Vice President, Prime Minister and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum was briefed Monday on progress of major multi-billion dollar development projects across the UAE at the Abu Dhabi CityScape 2009. He received the briefings during an extensive visit to Cityscape Abu Dhabi, which runs until Wednesday (22 April 2009) at the Abu Dhabi National Exhibition Centre (ADNEC) and brings together investors, architects, designers, developers, government authorities and key ...  >>MORE

VP meets Mohammed bin Zayed at sideline of Abu Dhabi CityScape 2009

Posted on 21/04/2009

Vice President and Prime Minister of UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum, met in Abu Dhabi yesterday afternoon at the Abu Dhabi National Exhibition Centre HH General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Sheikh Mohammed discussed with the Vice President at the sideline of the Abu Dhabi CityScape the developmental and future tourist projects of Abu Dhabi 2030 strategic plan, as well as ...  >>MORE

Abu Dhabi projects win top awards

Posted on 21/04/2009

Two major Abu Dhabi projects - the zero emissions Masdar City and the new Capital City District - have picked up top honours in the Cityscape Awards for Real Estate in the Middle East for their unique contributions towards architectural excellence and sensitivity to the environment. The awards were presented at a gala dinner at Emirates Palace Hotel attended by industry leaders during Cityscape Abu Dhabi, the international real estate and investment development event, taking place at the Abu ...  >>MORE

UAE's fifth green building gets US certification

Posted on 21/04/2009

The UAE's fifth green building has been certified as US LEED platinum while 450 buildings are currently waiting to be certified in Abu Dhabi and Dubai as building codes for both emirates are being drawn up. Mario Seneviratne, World Green Buildings Council secretary congratulated Ali Bin Towaih, executive director of Enpark and Director of the Sustainable Energy and Environment Division (Seed) at Tecom Investments on the completion of the UAE's fifth green building, the Tecom Investment ...  >>MORE

Abu Dhabi introduces new rating method to improve quality of buildings

Posted on 21/04/2009

The Abu Dhabi Urban Planning Council (UPC) has unveiled a New Buildings Rating Method, designed to dramatically improve quality of buildings in Abu Dhabi by allowing developers and their design teams to assess the performance of their proposed developments in light of rapidly evolving concepts for sustainability. The Rating Method will be an invaluable tool for designers, developers, government agencies and institutional investors. It will be accompanied by a Design Guide, which will provide ...  >>MORE

Elongated ‘oyster shell’ hotel for Lulu Island

Posted on 21/04/2009

The Government has chosen a marine design that resembles an "oyster shell that has been turned on its side and elongated” for a landmark tower on Lulu Island, an executive said yesterday. After reviewing four designs submitted by Sorouh Real Estate, the Government chose a concept by Skidmore, Owings and Merrill, said James O'Hagan, Sorouh's senior manager for development and marketing of Lulu Island. A rendering of the project, which will incorporate a hotel and residential apartments, shows ...  >>MORE

TDIC on track with major commercial, leisure and tourism development projects

Posted on 20/04/2009

Tourism Development '&' Investment Company (TDIC), a master developer of cultural, residential, and tourism destinations in Abu Dhabi, today presented a detailed delivery progress update of 12 of its key projects. The detailed update showcases TDIC's commitment in moving forward on schedule with its announced projects and comes only a short time after the company received AA ratings from three major credit rating agencies - Moody's, Standard '&' Poor's and Fitch Ratings. The information ...  >>MORE

Concreting commences at Burooj Properties' Al Ghurm Garden Villas

Posted on 20/04/2009

Burooj Properties, the real estate arm of Abu Dhabi Islamic Bank (ADIB) and developer of realty projects in the UAE and larger Middle East, announced yesterday that it has commenced concreting works at the company's Al Ghurm Garden Villas project, following the completion of earth works. Located on Abu Dhabi Island close to Al Bateen Airport and Sheikh Khalifa Public Park, the 80-villa Al Ghurm Garden project spans a built area of over 285,000 square feet, with each villa occupying 4,124 ...  >>MORE

ICT awards construction contract for Dj260m residential project in Abu Dhabi

Posted on 20/04/2009

International Capital Trading LLC (ICT), a leading Abu Dhabi-based investment and development company has announced that it has awarded an AED 260 million contract to Pivot Engineering '&' General Contracting Co WLL for the construction of a residential project in Mohammed Bin Zayed City, Abu Dhabi. The project will encompass 170 three and four bedroom villas, as well as a broad range of amenities for the residents including a clubhouse and swimming pool, two playgrounds, a mosque, a ...  >>MORE

Siemens to build Dh1.7b power plant in Abu Dhabi

Posted on 31/03/2009

Germany's Siemens Energy has secured a Dh1.7 billion order for building a power plant with an integrated seawater desalination facility at Shuweihat on the outskirts of Abu Dhabi, its chief executive officer said. The power plant will have a capacity in excess of 1,500 megawatts and will feed nearly 455,000 cubic metres of water into the local drinking water network. "We are on track with the project, which is together called Shuweihat II, and will be completing it by September 2011,” ...  >>MORE

President instructs building of dam at Sharm Valley in Fujairah

Posted on 25/03/2009

President H.H. Sheikh Khalifa bin Zayed Al Nahyan has instructed that a dam be built at Sharm Valley in the emirate of Fujairah after heavy rains flooding towns and villages at the Eastern Coast, and causing sand barriers protecting houses at the mouth of the mountains to collapse. This was announced by H.E. Sheikh Hamdan bin Mubarak Al Nahyan, Minister of Public Works, whose ministry was ordered by the President to carry out the project. Sheikh Hamdan directed planners at his ministry to ...  >>MORE

Abu Dhabi's tourism infrastructure development continues apace

Posted on 13/03/2009

Berlin - Abu Dhabi Tourism Authority (ADTA), the tourism body with wide ranging responsibilities for building, developing and managing the tourism industry in the Arabian Gulf emirate has reported at ITB Berlin, one of the world's major travel shows, that the destination's accommodation stock will increase by more than 3,000 rooms this year in time for November's Etihad 2009 Formula 1 Grand Prix. Despite the global economic uncertainty, the authority confirmed that all previously announced ...  >>MORE

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Quick List

Private sector dominates UAE projects


UAE construction sector still active by global standards, says report


Contractors entering Abu Dhabi increase 50% in H1


Final cladding slab to be put on to Burj Dubai within weeks


New DWTC extension on fast track


Aldar set to complete slew of projects


Capital Centre contract will be awarded in July


Prices of building materials retreat by 61.3% during June


Law to regulate buildings in RAK


Aldar Properties incorporates three subsidiaries on island project


Reem Island receives four 500MVA and sixteen 80 MVA transformers


Yas Marina flooding complete


Capital Gate reaches 100m height


Plan for 100% ownership of Abu Dhabi properties


Burj Dubai could still soar higher


Aldar begins to market landmark office building


Aldar headquarters open for inspection


TDIC announce new Saadiyat Construction Village


Q1 sees contracts worth US$10.6bn in UAE


ICT awards Dh1.6 billion construction contract for Nation Towers project


UAE top infrastructure builder in GCC with projects worth US$1.5trn


Dubailand fast-tracks 40 projects worth Dh235 billion


Dubai in the frame of winning design


Work on Burj Dubai interiors rapidly progresses


Abu Dhabi Municipality plans Dh550m Fun City


Aldar delivers solid results in first quarter 2009


Statement from Dubai Department of Finance


No projects on hold, says Emaar


Dh1bn contracts to be given for Reem Island Phase II


Sheikh Mohammed bin Rashid briefed on mega projects at Abu Dhabi CityScape 2009


VP meets Mohammed bin Zayed at sideline of Abu Dhabi CityScape 2009


Abu Dhabi projects win top awards


UAE's fifth green building gets US certification


Abu Dhabi introduces new rating method to improve quality of buildings


Elongated ‘oyster shell’ hotel for Lulu Island


TDIC on track with major commercial, leisure and tourism development projects


Concreting commences at Burooj Properties' Al Ghurm Garden Villas


ICT awards construction contract for Dj260m residential project in Abu Dhabi


Siemens to build Dh1.7b power plant in Abu Dhabi


President instructs building of dam at Sharm Valley in Fujairah


Abu Dhabi's tourism infrastructure development continues apace