HSBC Bank Middle East acted as the Coordinator, Initial Mandated Lead Arranger, and Bookrunner for a USD120m sustainability-linked loan (SLL) issued to Metito Holding Limited (MHL), a leading global provider of water and alternative energy management solutions to further support its mission of developing sustainable water management solutions and a cleaner environment. As the Environmental Social and Governance (ESG) Coordinator, HSBC helped Metito in linking four ambitious Sustainability Performance Targets (SPT) that are fully aligned with the Company’s vision and its sustainability agenda which aims at playing an active role in securing a smart and sustainable water ecosystem: Water…
Author: Kasun Illankoon
How Blueair’s DustMagnet™ can ensure less dust and more clean indoor air at home Words by Alexander Provins, Director EMEA, Blueair Living in the Middle East, the risk of dust within the home is a cause for concern for both the health of our families as well as its cleanliness. A study by the Environmental and Geophysical Sciences (Engeos) Laboratory at Khalifa University in Abu Dhabi and the Environment Agency Abu Dhabi found that the UAE had an overall increase of up to 30% higher of tiny particles found in the air across Eastern Arabia since 2019, conclusive…
AMAALA, the ultra-luxury destination located along Saudi Arabia’s north-western coast, has signed a major contract for the infrastructure development of the first phase of its world-class accommodations at the Employee Village in Triple Bay. The contract was awarded to Saudi-based Haif Trading and Contracting Company, in recognition of their extensive understanding of the local landscape and capabilities in creating short and long-term residential communities, coupled with their high environmental standards. “AMAALA will set new benchmarks in luxury community living, and this ambition starts with state-of-the-art residential facilities for the talented people who will eventually operate the destination,” said John Pagano,…
The Taqdeer Awards were held to celebrate the remarkable workforce behind Expo 2020 Dubai and in honour of the top 12 service providers who have demonstrated industry best worker welfare and health and safety standards. EFS was honoured amongst the Top 12 with a recognition that entitles the company to 30+ incentives through a Gold Card provided by the Award’s Government Strategic Partners. Furthermore, this recognition also included an appreciation award to EFS Manager of Worker Welfare Purnima Sabnis. The Taqdeer Awards is an initiative of His Highness Sheik Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman…
With the support of Innovations Group’s outsourced team of 900 blue-collar staff, their client Abengoa has announced the successful completion of the construction of the world’s largest solar project in the Mohammed bin Rashid Al Maktoum Solar Park (MBR) -DUBAI. The project scope included assembly of 65,000+ Parabolic Trough Connect (PTC) Solar modules at the Factory set up in MBR and completing the erection in PT1, PT2 & P3 areas. The project broke a production record and was completed within the set timelines. Innovations Group is the UAE’s leading HR consultancy firm with activities that include recruitment, temporary staffing, HR…
Dar Al Arkan, the leading real estate company in Saudi Arabia, has unveiled the W Residences Dubai – Downtown in the bustling heart of Dubai, offering hotel-inspired living at one of the most sought-after addresses in the world. The development is anticipated to mark the first standalone residences in the world under the iconic lifestyle W Hotels brand. W Residences Dubai – Downtown, which will be managed by Marriott International is situated in the prestigious Downtown Dubai with uninterrupted, spectacular views of Burj Khalifa, the tallest man-made structure in the world, The Dubai Fountain, Dubai Opera and Old Town Dubai.…
Mark has over 15 years of experience delivering large infrastructure projects in the Middle East and the United Kingdom. In his new role, Mark will be responsible for delivering existing KSA major infrastructure projects and driving infrastructure portfolio growth in KSA by ensuring clients receive the best of the firm’s technical expertise and innovation. Mark has been with the business for the past 9 years and he has been fundamental in Turner & Townsend’s successful pursuit and delivery of several major public sector infrastructure programmes in the region. Mark has also actively been involved in the firm’s strategic positioning and…
Frigidaire, which has been a center piece of American households for generations, has been committed to delivering innovations that revolutionize home life. Owned by Electrolux Group since 1986, Frigidaire crafts design with dedicated passion and without compromise, Middle Eastern families can now purchase brand’s new products that are enjoyed by millions across the globe. Frigidaire is at the forefront of offering strong, sturdy, and reliable quality products for the home. Through innovation and commitment, Frigidaire as a brand is synonymous with longevity and reliability. It brings to the region a 100-year history in providing leading laundry and kitchen appliances to…
Qiddiya Investment Company (QIC) announced the award of a SAR 2.8 billion ($750 million) contract to build Saudi Arabia’s first and the region’s largest water theme park. The contract was awarded to ALEC Saudi Arabia Engineering & Contracting and El Seif Engineering Contracting, in a joint venture between the two companies. The Qiddiya Water Theme Park will be one of the key entertainment attractions at Qiddiya, the future capital of Entertainment, Sports and Culture. The agreement was formally signed between Qiddiya’s Managing Director Abdullah bin Nasser Aldawood, ALEC’s CEO Kez Taylor and El Seif’s CEO Ahmed Al-Bassam at a ceremony…
Dubai’s Museum of the Future opened to the world on Tuesday in the presence of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai. Nine years in the making, the Museum of the Future is already recognised as the most beautiful building on earth. The 77-ft modern architectural marvel, which tells the narrative of the future through a series of interactive exhibitions, invites people to experience the technologies and trends that will shape the future of humanity. Spanning an area of 30,000 square metres, the pillarless structure also represents a…