The nominations for the Construction Innovation Awards 2019 are now open. The event applauds the achievements of the region’s construction professionals. The awards strive to recognise individual excellence, corporate strengths, and project success. Companies are invited to nominate the people, projects, and initiatives of which they are most proud of, across 29 categories. Entries will be judged by an eminent jury of industry experts. In order to nominate, visit our official website for the awards here and don’t miss out on being a part of the Construction Innovation Awards 2019. This year’s awards will have new categories for companies to…
Author: Kasun Illankoon
Setting a new milestone in residential property development, global real estate developer Emaar Properties has announced plans to build its first 3D printed home in Dubai. This is the first step towards Emaar’s ambition to be a leading adopter of advanced construction technologies. Following a global competition, in which the world’s leading 3D printing technology providers participated, Emaar has awarded the contract to 3D print a model home in Arabian Ranches III. The construction will be facilitated using a local contractor with the goal of building in-country competencies in 3D printing for the property sector. Building the first…
L&T Hydrocarbon Engineering Limited (LTHE) has been awarded another Mega project in the Marjan Field by Saudi Aramco. The Saudi company’s trust on LTHE’s commitment to consistent project performance and ability to put the best team of young professionals to deliver value, time and again has resulted in the award of this mega contract for oil facilities for the Marjan Increment Program. It bears testimony to the execution capability of LTHE with excellent safety and quality performance, which was repeatedly demonstrated in the execution of the Hasbah Gas Increment Project and other projects in the Kingdom of Saudi Arabia,…
Considered to be the first fully operational sustainable community in the Middle East, The Sustainable City has announced plans to reduce the consumption of single-use plastic by 90%. The Sustainable City’s phase-out of single-use plastic – a significant environmental polluter with a lasting ecological footprint – will target plastic bags, straws, balloons, cutlery, soda and water bottles, and food packaging. “While plastic is integral to lives, people often tend to forget that plastic pollution is also one of the most damaging to our ecosystem. The Sustainable City’s goal to reduce single-use plastic consumption by 90 percent by 2020 underlines our commitment to promoting…
Dubai Land Department (DLD) signed memorandums of understanding (MoU) with Ras Al Khaimah International Corporate Centre (RAKICC) and with Ras Al Khaimah Economic Zone (RAKEZ) for the registration of land and freehold properties on behalf of free zone companies. This comes as part of DLD’s keenness to disperse its expertise across its various branches, including real estate regulation and registration at the local, federal, and global levels. The MoUs were signed by HH Sheikh Mohammed bin Humaid Al Qasimi, Managing Director of both RAKICC and RAKEZ, and HE Sultan Butti bin Mejren, Director General of DLD. Under the two MoUs,…
By Laith Haboubi – Associate Director, Building Structures, WSP How long do you think 3D printing has been around, five years, ten? 3D printing can actually be traced back to as early as 1981 when Hideo Kodama, of Nagoya Municipal Industrial Research Institute, published his account of a functional rapid-prototyping system using photopolymers; the base for 3D printing. Of course, it was only a theory and not the printers we know today, but I do wonder if back then, Hideo envisioned it becoming the most disruptive technology that will hit our industry? In its teenage years, 3D printing steadfastly…
While most sectors across UAE’s real estate market remained challenged during the first half of 2019, the various government initiatives launched recently are expected to boost sentiment and drive demand over the coming months. In the year ahead, market performance will heavily depend on how quickly these initiatives have an impact, outlines JLL’s Q2 2019 UAE Market report. The general economic environment has also shown a slight uplift, with UAE GDP growing by 2.2% in the first quarter of 2019, supported by a robust government, according to the Central Bank of UAE. In Q2, the UAE government announced a number…
Dubai Land Department (DLD), represented by its regulatory arm Real Estate Regulatory Agency (RERA), signed a memorandum of understanding (MoU) with the Arab Bank for Investment & Foreign Trade (Al Masraf) to manage and service Owners Association (OA) accounts. The MoU was signed by HE Marwan bin Ghalita, CEO of RERA, and Hussein Ohida, Assistant General Manager – Corporate Support Services. Bin Ghalita commented: “RERA seeks to attract as many potential private sector partners as possible to help them implement their strategies to regulate Dubai’s real estate sector and support all parties in their respective roles. The new MoU with…
RIB Software SE, the world’s leading provider of iTWO 4.0 Cloud Enterprise Platform Technology for the construction and real estate industries, today announced the successful signing of the 70% acquisition of CCS in South Africa. The purchase price amounts to 31.5 Million USD, based on an 8.5 EBIT/DA multiple. CCS was founded in 1982 and is generating 13.6 Million+ USD ARR revenue (more than 18 Million USD revenue in total forecasted for 2019) with high profitable EBIT/DA margin of ~30% in a high potential and fast-growing market. 160 highly professional vertical construction software experts are working mainly out of the…
Emerson today announced it has completed the purchase of Zedi’s software and automation businesses. The addition of Zedi’s cloud supervisory control and data acquisition (SCADA) platform will further enable Emerson, a global leader in automation, to help oil and gas producers increase production and lower operating costs through cloud-based monitoring, control and optimization. “As world energy demand continues to grow, helping our vital oil and gas market customers maximize their resources is a top priority,” said Lal Karsanbhai, executive president of Emerson’s Automation Solutions business. “Through our vast portfolio of automation technologies, we are helping the industry navigate ever-changing market…