Dubai’s real estate sector has been impacted by a slew of unprecedented events, but residential market sales are surviving the current economic crisis relatively well. This is according to a new KPMG report titled Post-pandemic plans for concrete recovery, which analyzes the prospects for Dubai’s real estate and hospitality sectors in the wake of Covid-19. According to the report, Dubai’s real estate sector is facing significant challenges in the current environment. While demand may be temporarily saturated, government and industry stakeholder incentives are keeping investors engaged and many developers intend to continue projects as originally planned. Dubai’s residential supply continues…
Author: Kasun Illankoon
Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), signed a memorandum of understanding (MoU) with the Geographic Information Systems (GIS) Centre of Dubai Municipality. The parties will collaborate to enhance the geospatial infrastructure development utilizing the latest technology solutions to accelerate the digital transformation and keep up with new opportunities to upgrade smart services and facilitate work procedures in various working conditions. The MoU was signed remotely by Engineer Muammar Al Katheeri, Executive Vice President of Engineering and Smart City at DSOA, and Engineer Mariam Obaid Al Muhairi, Director of Dubai Municipality’s GIS Center. The…
Intertek, a leading Total Quality Assurance provider to industries worldwide, has awarded the ISO/IEC 20000-1:2011 certification for Information Technology Service Management and ISO/IEC 27001:2013 for Information Security Management to the Saudi Electricity Company (SEC), the largest utility company in the Middle East and North Africa. SEC acquired certification for 50 different services within the company’s Information Technology and Communication systems. The new certifications demonstrate that SEC serves its customers through establishing international communication centers supported by new technologies – providing communication platforms and services that comply with global standards. ISO 27001 is the best-known standard for information security management systems. Using this family…
As reported on WAM, Sharjah Directorate of Public Works, SDPW, has announced the completion of construction works for Al Hamriyah Suburb Council building and another in Al Suyoh, at a cost of AED12 million. SDPW Chairman Ali bin Shaheen Al Suwaidi said that the two councils were established in a local and modern urban style, and that the distribution of its facilities was in a manner that meets many needs, adding that the project of establishing Al Hamriyah Suburb Council and another in Al Suyoh will contribute greatly to organising many of the Services. He explained that Al Hamriyah Suburb…
The International Air Transport Association (IATA) released data for global air freight markets in May showing a slight improvement in the air cargo market. But capacity remains unable to meet demand as a result of the loss of belly cargo operations on passenger aircraft that have been parked. Global demand, measured in cargo tonne-kilometers (CTKs*), fell by 20.3% in May (-21.5% for international operations) compared to the previous year. That is an improvement from the 25.6% year-on-year drop recorded in April. Global capacity, measured in available cargo tonne-kilometers (ACTKs), shrank by 34.7% in May (-32.2% for international operations) compared to the previous year, a…
Kooheji Development, one of the largest and leading real estate developers in the Kingdom of Bahrain, awarded Marazzi Group Italy, the worldwide leader in the design, manufacturing and distribution of ceramic and porcelain stoneware floor and wall tiles to supply the tiles requirements for ONYX Bahrain Bay project. The assigned two top international award-winning interior designers by Kooheji Development, developed bespoke two distinctive themes and colour collection for ONYX Bahrain Bay apartments. The two themes are the Madison and the Kingsbridge. Both themes have been designed as a definitive statement of style, with floor to ceiling, windows, and every apartment…
Al Mahsamma agricultural drainage treatment, recycling and reuse plant launched by Metito, Hassan Allam joint venture (JV) under the supervision of Egypt’s Armed Forces Engineering Authority, has been awarded the ‘Best Recycling and Reuse Water Project Global 2020’ award by Capital Finance International (CFI.co). The project worth USD100 million was inaugurated in April 2020 by H.E President AbdelFattah El Sisi. It has a daily capacity of 1 million m3/day and is built on an area of 42,000 m2, making it the world’s biggest agricultural drainage treatment plant for water recycling and reuse. Al Mahsamma has been recognized for its contribution…
Emirates SkyCargo has completed 30 years of operations in Singapore. Over the course of three decades, the freight division of Emirates has successfully facilitated trade and supported business links between Singapore and the rest of the world. “Singapore occupies a very important position in the economy of South East Asia and is therefore one of our most important cargo stations around our global network. Over the years we have transported an important volume of cargo, over 185,000 tonnes just in the five years between 2014 and 2019 and have also marked a number of success stories from the station across…
GE Gas Power successfully completed services on four 9F.03 gas turbines, two steam turbines and six generators at Iraq’s Besmaya Power Plant safely and on time, while continuing to execute wider operations and maintenance (O&M) works at the site despite the many challenges posed by the COVID-19 pandemic. These service activities reduced the risk of unplanned downtime of power generation equipment at the site, enabling the plant to reliably supply up to 3 gigawatts (GW) of electricity to the national grid to help meet the peak summer demand for power. Owned by Mass Group Holding (MGH), Besmaya is Iraq’s largest…
RTA Dubai has opened a flyover leading to the Western entrance of the Dubai Creek – Dubai Creek Harbour; an important phase of the Sheikh Rashid bin Saeed Crossing Improvement Project. The project encompasses the improvement of Nadd Al Hamar Street – Ras Al Khor Road intersection, along with extensive improvements of Ras Al Khor Road. “The project, which includes the construction of a new bridge of 3 lanes and 740-metre length, links the traffic inbound from Dubai-Al Ain Road and Al Khail Road heading Eastwards to Dubai Creek – Dubai Creek Harbour. The bridge has a capacity of 7500…