Designed to meet the needs of the workplace of the future, Immersive Tower by DIFC is scheduled for completion in 2027 Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, marked a significant milestone today with the ground-breaking ceremony of the Immersive Tower by DIFC, the latest architectural landmark within the heart of Dubai’s financial district. The ceremony was held in the presence of His Excellency Essa Kazim, Governor of DIFC, and Arif Amiri, Chief Executive Officer of DIFC Authority. Other representatives at the event included Alya Al Zarouni,…
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ACWA Power’s project will mitigate the equivalent of 247 billion tonnes of CO2 emissions over its lifetime On the sidelines of the Tashkent International Investment Forum held under the patronage of His Excellency President Shavkat Mirziyoyev, President of the Republic of Uzbekistan, Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for Central Asia’s largest wind farm — the Aral 5GW Wind Independent Power Producer (IPP) project in the Karakalpakstan region. The agreement was…
The MoU between Diriyah Company and HPE is intended to improve the efficiency of ongoing tourism, cultural, and heritage projects in Diriyah Diriyah Company and Hewlett Packard Enterprise (HPE) have signed a strategic Memorandum of Understanding (MoU) to enable collaboration between the two parties and leverage HPE’s expertise in Information Technology to facilitate data exchange and network technology integration. This collaboration will help transform Diriyah into a leading global tourism destination by harnessing advanced technologies that promote sustainability and contribute to developing, restoring, and preserving heritage sites and the surrounding environment in line with the highest international standards. The MoU…
The partnership emphasizes Daikin’s expansion in the Middle East region Daikin Middle East and Africa FZE (“Daikin”), a leading manufacturer of Air Conditioning, Heating, Ventilation, & Refrigeration solutions proudly announces its partnership with Almoayyed Contracting Group, a powerhouse in Bahrain’s business landscape, as its new distributor in the Kingdom of Bahrain. This strategic alliance underscores the company’s commitment to expanding its presence in the Middle East and aligns with its overarching goal of bringing innovative HVAC solutions closer to customers worldwide. Tuna Gulenc, Regional Vice President, Daikin Middle East expressed enthusiasm about the partnership, stating, “We are thrilled to join…
Under this agreement, Emaar, The Economic City and Aramex will implement cutting-edge, sustainable logistics solutions to minimise environmental impact and improve operational efficiency Emaar, The Economic City, the master-developer of King Abdullah Economic City (KAEC), has signed an agreement with Aramex, a leading global provider of comprehensive logistics and transportation solutions, to implement sustainable and value-added logistics solutions in KAEC to minimise environmental impact and enhance operational efficiency. The agreement was signed by Sami Al-Najrani, Chief Operating Officer and Advisor to the Chairman, KAEC; and Mahmoud Asha, General Manager for Western Region, Aramex, on behalf of Mr. Abdulaziz Abdullah Al…
Brookfield’s acquisition marks a step into the logistics sector in the Middle East region Brookfield Asset Management, through one of its private real estate funds, today announced that it has acquired a controlling stake in Gulf Islamic Investments’ logistics real estate platform. The portfolio, comprising 1.5M sq. ft. of high quality warehouses in the UAE, marks the company’s foray into the logistics sector in the region. The firm plans to invest and scale the platform overtime through the acquisition and development of high-quality logistics real estate assets. Jad Ellawn, Managing Partner, Head of Middle East, Brookfield said: “Our on-the-ground approach…
ACCIONA’s first series of these events at the Spanish Embassy in Riyadh highlights the solution for water sustainability in the Kingdom: reverse osmosis desalination ACCIONA, a global company and a leader in the provision of regenerative solutions for a decarbonized economy, held its first panel discussion in its series of Talks designed to promote regenerative and sustainable solutions in the Kingdom of Saudi Arabia. The event took place at the Spanish Embassy in Riyadh last Sunday 28th of April and brought together a range of leading figures from across the water field, government, and business to showcase the importance of…
Rental rates in Dubai saw an average increase of 7% across the city Dubai’s real estate market has seen exponential growth over the first quarter of 2024, driven by the increase in expatriate population, real estate investor policy changes to the Golden Visa, and a strong performance in non-oil sectors. Global real estate services provider Savills released the Dubai Residential Market – Q1 2024 report, which revealed a record-breaking first quarter in 2024. Andrew Cummings, Head of Residential Agency at Savills Middle East, said, “Dubai’s residential real estate market has continued an upward trajectory fuelled by factors such as population…
Dave Lee was appointed as CEO of SPARK King Salman Energy Park (SPARK), the leading industrial hub at the heart of the energy market, announces the appointment of Dave Lee as the CEO of SPARK Logistics, a joint venture established between SPARK and Hutchison Ports to operate a state-of-the-art, fully automated Logistics Zone and the region’s largest dedicated private dry port. Lee’s appointment is a significant step towards establishing the company as a global hub for trade, transport and logistics, in line with the National Industrial Development and Logistics Program. Lee brings over two decades of experience in the logistics and port management industry. He has held several leadership positions at Hutchison Ports, where he played…
Inhabitr expands in the Middle East and collaborate with Alsulaiman Group Inhabitr, the first AI-powered commercial real estate furnishing platform, is excited to announce its expansion into the Middle East, marked by the opening of new office and design studios in Saudi Arabia. Inhabitr’s partnership with Alsulaiman Group, a prominent Saudi-based conglomerate, will further enhance its ability to provide last-mile delivery and installation services across the region. Leveraging AI trained specifically for furniture, fixtures, and equipment (FF&E), Inhabitr offers a single solution that encompasses design, procurement, delivery, installation, and financing. This integration significantly accelerates the furnishing process, making it up…