Emrill has launched its employee carnival for the thirteenth consecutive year, kicking off celebrations with a virtual torch relay. The annual carnival, which takes place over three months, has undergone a dramatic change in 2020, becoming a mostly virtual event. In previous years, the carnival has presented Emrill employees with the opportunity to come together to participate in team sports, activities and a range of events designed to promote health, physical and mental wellbeing as well as fun. Due to the COVID-19 pandemic and physical distancing guidelines still in place, this year’s event will see the majority of activities taking…
Author: Kasun Illankoon
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has awarded its highest-value contract to date to a consortium led by ACWA Power to design, build, operate and transfer The Red Sea Project’s utilities infrastructure. The contract marks a significant step forward for The Red Sea Project, establishing it as the region’s first tourism destination powered solely by renewable energy. A tourism project of this size, powered solely by renewable energy, has never been achieved on this scale anywhere in the world. “This is a pivotal moment for us as we seek to…
Red Sea Gateway Terminal (RSGT) has taken delivery of two state-of-the-art remote-controlled Ship-to-Shore (STS) cranes, and 10 hybrid-Rubber-Tyred Gantry Cranes (RTGs), as part of the latest steps in the planned expansion of Jeddah Port’s premier facility to double annual container throughput capacity to 5.2 million TEUs by 2023. “This is another key milestone in RSGT’s commitment and continuous investment to enhance our world-class terminal services. As well as increase the efficiency and capability to meet the different levels of customer needs for next-generation vessels,” stated RSGT CEO Jens Floe. The new 65-ton twin-lift capacity STS cranes can accommodate the latest…
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) has inspected the construction at DEWA’s new headquarters, Al-Shera’a (Arabic for sail), in Al Jadaf. Al Tayer was accompanied by Abdullah Obaidullah, Executive Vice President of Water and Civil; Waleed Hashem, the project’s manager; a representative of the project’s consultant, W.S. Etkins and Co, and a representative of the project’s contractor, Ghantoot. Al Tayer was briefed at the project site about the foundations of the basement and the work preparations for the upper floors. Al-Shera’a will be the tallest, largest, and smartest government Zero Energy…
Eltizam Asset Management Group, one of the leading asset management companies in the region, announced that it will shed light on the impact of COVID-19 on the trends and developments in the UAE’s residential market during the first day of the Cityscape Real Estate Summit 2020, which will take place on November 16, 2020 at the Dubai World Trade Centre. Nourah Shuaibi, the General Manager of Eltizam’s Get Wonky Corporate Culture, will provide insights on the short- and long-term impact of COVID-19 on the residential market and what the road to recovery looks like for this segment in the UAE.…
Three innovative agriculture companies will develop cutting-edge projects in Abu Dhabi to boost the emirate’s agriculture technology, AgTech, capabilities across land, sea and space. The Abu Dhabi Investment Office, ADIO, announced today individual partnerships with Pure Harvest Smart Farms, Pure Harvest, FreshToHome and Nanoracks that will see the companies receive financial and non-financial incentives totaling AED 152 million (USD 41.4 million). The research and technologies developed by these companies will expand existing capabilities in Abu Dhabi’s AgTech ecosystem and promote innovation in the sector to address global food security challenges. The new partnerships are a continuation of ADIO’s efforts to…
665 secondary or ready to move in Villas/Townhouses were transferred in the month of October, which is 7.2 percent higher than the second highest month, September 2020 with 605 transactions. This figure is 34 percent higher than the 3rd highest month ever, July 2020 with 496 transactions. For the past four months we have had the highest number of transactions for villa/townhouses consistently, each month being at an all-time high with the record broken the very next month. This consistent growth started after May 2020 which had 110 transactions and since then has grown by over 500 percent. “The fear…
Dubai Design District (d3) today hosted a talk titled ‘Emerging Cultural Infrastructure in the Gulf’ as part of the d3 Architecture Festival 2020, organised in partnership with the Royal Institute of British Architects (RIBA) Gulf Chapter. Moderated by Khawla Al Hashimi, Director of Project Development at the Sharjah Investment and Development Authority (Shurooq), the panel discussion explored contemporary cultural infrastructure and its relation with the heritage and built environment in the GCC. Participants included Sumaya Dabbagh, Principal and Founder of Dabbagh Architects, Paolo Rossi, Associate Director of Architecture at Pace, Wael Al Awar, Principal Architect and Founding Partner at waiwai,…
DAMAC Properties Dubai Co. PJSC announced financial results for the first nine months of 2020. Total revenue stood at AED 3.7 billion vs AED 2.8 billion in 9M 2019. Booked sales for the period stood at AED 1.6 billion vs AED 2.4 billion for the similar period last year. Net loss for the period was AED 931 million (9M 2019: Profit of AED133 million). Gross profits for the period stood at AED 828 million (9M 2019: AED 838 million). Gross profit margin declined to 22.7% vs 30.3% last year. Total assets stood at AED 21.8 billion compared to AED 23.8…
In Illinois, USA, a W 220 Fi large milling machine is being used to remove an entire road surface in just two passes. Thanks to the Mill Assist machine control system, the milling operations are being carried out particularly cost-effectively. In the process, the Wirtgen Performance Tracker is responsible for the job’s precise documentation. Mill Assist Plays Vital Role To rehabilitate the on-ramp and off-ramp to Interstate 55 in Bolingbrook, Illinois, the contractors opted for a W 220 Fi with 812 PS because the demanding milling job required a machine that offers both maximum productivity and efficiency. In order to…