Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), has signed an agreement with Marjan – the master-developer of freehold properties in Ras Al Khaimah, to acquire land to develop a dynamic mixed-use beachfront residential, beach resort and lifestyle destination on Al Marjan Island with stunning views of the Arabian Gulf, providing a new paradigm for Ras Al Khaimah and the region worth of AED 1 billion. The agreement was signed by Khalid Bin Kalban, Vice Chairman & CEO, Dubai Investments and Eng. Abdulla Al Abdooli, CEO of Marjan. Epitomizing a masterful orchestration of contemporary…
Author: Kasun Illankoon
Azizi Developments, a leading private developer in the UAE, has extended its agreement with RAK Ceramics, one of the largest premium ceramic brands in the world, to supply its floor and wall tiles for apartment and bathroom fittings and more, for its prestigious phase 3 of Riviera in MBR City. RAK Ceramics is one of the largest ceramics brands in the world. Specialising in ceramic and grès porcelain wall and floor tiles and sanitaryware, RAK Ceramics produces 123 million square meters of tiles and 5 million pieces of sanitaryware per year at their 22 state-of-the-art plants across the United Arab…
ENOC Link, the digital mobile fuel delivery service for businesses in the UAE by ENOC Group, today announced the launch of its new and world-first eLink station on Palm Jumeirah. The eLink Station is a mobile fuelling format that will offer residents and visitors to the community easy access and convenient fuelling services. With this, the eLink station becomes the only station on Palm Jumeirah to serve the growing community. This is a unique initiative which will offer customers an easy and uninterrupted supply of fuel. ENOC Link’s eLink Station is equipped with a 30,000-litre tank and can fuel up…
Expo 2020 Dubai will be a vision of the connected cities of the future, with the global mega-event the ideal platform to bring together the very best smart city concepts under one roof. That was the message delivered by Helmut Von Struve, CEO Siemens Middle East. Speaking during the latest installment of ‘En Route to the Expo’ video, an initiative of Dubai Chamber, the chief executive outlined how the forthcoming expo’s status as one of the first mega events to take place following the coronavirus outbreak puts it in a uniquely significant position, as it gives the world a…
SAL Saudi Logistics Services (SAL) – Saudi Arabia’s leading ground handling and logistics company – has signed an agreement with Classic Automotive Relocation Services (CARS) to provide comprehensive logistics support for all its car shipments passing through the Kingdom’s main airports, land ports & seaports, including Riyadh, Jeddah, Dammam, and Medina. The companies agreed to collaborate on all logistics services on a comprehensive scale, including first-mile, last mile, custom clearances, warehousing, and end-to-end services, as well as other bespoke solutions for different shipments. Their agreement covers shipments both within and outside of KSA. For more than three decades, CARS (Classic Automotive…
Majid Al Futtaim Communities, part of “Majid Al Futtaim Properties”, and Sharjah Asset Management, have announced the commencement of the handover for the second phase of Al Lilac, comprising 169 homes ranging from three-bedroom townhouses and courtyard villas to five-bedroom villas. Homeowners will soon experience an array of elevated living and lifestyle choices offered by Sharjah’s most desirable destination, in line with Majid Al Futtaim’s vision to create distinct communities and living spaces. The handover of the second phase comes after the successful completion of the first phase of Al Lilac in March 2021 and follows the successful launch and…
Master-developer Dubai South Properties announced the launch of ‘The Avenue’, a limited number of freehold plots which can be purchased on a payment plan and developed by investors for commercial use. The new launch follows the vast development of Dubai South, the successful sell-out of several freehold projects as well as sales of residential plots at the Residential District that were launched earlier by the company. The Avenue will vary in sizes, with plots ranging from 30,000 to 55,000 square feet, while built up areas ranging from 50,000 to 90,000 square feet. Prices are highly competitive in comparison with the…
In support of the UAE Strategy for Artificial Intelligence (AI) 2031, the Ajman Free Zone has launched its “Artificial Intelligence and Robotics Hub” at GITEX Global 2021. The free zone, which is part of the Ajman Government’s pavilion, said that its new integrated Center provides digital access to its services such as company registration, visa sponsorship, residence visa application, and many more. More than 9,000 companies and institutions operating in its community will benefit from its fully digital business system. The Artificial Intelligence and Robotics Hub will empower small and medium enterprises (SMEs), large companies, academic institutions, and government entities.…
The Public Investment Fund (PIF) announced today the launch of “THE RIG.”, a new tourism project. Inspired by offshore oil platforms, “THE RIG.” will be located in the Arabian Gulf and will span a combined total area of more than 150,000 square meters and provide a multitude of hospitality offerings, adventures, and aquatic sporting experiences. “THE RIG” is a project in the tourism and entertainment sector, one of PIF’s key strategic sectors, and is expected to be a significant value-add to the local economy. Additionally, to ensure the sustainable preservation of the environment in the project’s vicinity, the project will…
CBNME conducted an Real Estate Giants Roundtable with some of the leading real estate developers in the UAE. Francis Alfred, CEO at Sobha Realty, Eng. Khaled Ababneh VP – Projects and Commercial at Deyaar and Chairman of Deyaar Community Management. and Raja Alameddine, CEO of Lootah Real Estate Development, joined this exclusive roundtable to discuss a variety of topics.