Select Group, one of the region’s largest private real estate developers, announced the top out of Jumeirah Living Marina Gate, the third and final tower in the Marina Gate development. A significant milestone for the project, the day was marked by the placement of the final concrete to the upper roof slab. The ceremony was attended by representatives from JumeirahTM Group and ALEC. The development is scheduled for completion in Q2, 2020. Jumeirah Living Marina Gate combines Jumeirah Group’s luxury hospitality experience with Select Group’s commitment to creating an exceptional standard of living and is Jumeirah Group’s first venture in…
Author: Kasun Illankoon
Leading UAE-based business services provider, Transguard Group, announced its financial figures for the financial year ending 31st March 2019, revealing a record profit growth of 22% to over AED 186 million. The Group’s revenue climbed 11% to a record AED 2.578 billion with record contract wins of more than AED 2.8 billion – representing a 33% increase from the previous year. “With a key focus on profit improvement, the 2018-2019 financial year was one of steady revenue growth as a result of continuous optimisation in operational efficiencies and strategic alignments,” said Dr. Abdulla Al Hashimi, Chief Executive Officer, Transguard Group.…
IQPC had the opportunity to sit down with Mr. Amer Bin Ahmed, Managing Director, Knauf Middle East and India for an interview at the THEME PARKS & ENTERTAINMENT DEVELOPMENT FORUM, Middle East conference held in April where they were the platinum sponsors, to get an insight into the role of fire safety in these sectors Mr, Amer, if you had to simply explain the connection between Knauf and the Entertainment & Theme park industry how would you explain it? Knauf is a family owned company. As a result of this, we are inspired to ensure our products and solutions are…
Raza, the real estate management arm of Saudi Public Pension Agency (PPA) and a subsidiary of Al Ra’idah Investment Company (RIC), announced today the launch of operations in Saudi Arabia, the biggest real estate market in the GCC. Previously known as Al Ra’idah, the company under its new identity has established an integrated real estate management platform to focus beyond property development to offer asset management, property management and commercial services. Raza currently manages a total AUM (assets under management) of approximately SAR13 billion covering 2 million square meters (sqm) of high quality office, mixed-use and community developments Riyadh, Jeddah…
In a major international competitive bidding process, the Metallurgical & Material Handling Business of L&T Construction has been awarded a large order from MA’ADEN Gold and Base Metal Company (MGBM), wholly owned subsidiary of Saudi Arabia Mining Company (MA’ADEN) for setting up Mansourah Massarrah Gold project. Ma’aden is the champion of the Saudi Arabian Mining Industry, and now internationally recognized mining company with global presence. This (EPC) Engineering, Procurement & Construction order for gold processing plant in the Kingdom of Saudi Arabia, secured against stiff global competition is the largest single EPC order for the Metallurgical Business in International market.…
Udrive, the app-based pay-per-minute car rental service, has announced a USD 5 million Series B round of funding, in which it will welcome commercial, institutional and private investors. Founded in 2017, the UAE-based start-up has undergone one previous round of funding, in which it raised USD 1 million and saw investors’ return triple. This second round underpins Udrive’s unprecendented growth in the market, while proving the welcomed reception of the pay-as-you-drive concept. Udrive anticipates a round of Series C funding will take place in another 18-months. The new capital will allow Udrive to execute its ambitious expansion plans, such as…
Enova has expanded its Dubai headquarters into two floors and unveiled a dedicated space for its energy, technical and performance solutions. Accommodating for growth and modernization in this new age of digital omnipresence and customer service prominence, this new space will support the Middle East’s smart facilities management market growth. With the Middle East growing its infrastructure and mega-events, organizations are driving green buildings, smart buildings, and integrated HVAC systems to enhance daily lives. “As the Middle East advances new levels of innovative facilities management, the dedicated extension is in line with our vision of permanent openness, innovation and collaboration.…
Note: The original article appeared here on CNN by Tom Page, CNN Max Burnell, CNN Under the Arabian sun, a monumental construction effort is making headway. Located deep within Dubai’s desert interior, the Mohammed Bin Rashid Al Maktoum Solar Park — named after the emirate’s ruler and the UAE’s vice president and prime minister — continues to grow and has just passed another milestone. In its eighth year of development, satellite images give a sense of scale already: miles of photovoltaics arranged along neat east-west lines, their uniformity at odds with the creases and crinkles of the sands surrounding the…
Vincitore Realty, a Dubai-based developer of quality properties and a pioneer in branded realty, today announces the launch of Dubai’s first wellness and affordable branded realty project – Vincitore Benessere – the developer’s third such project in Dubai that will change the way people see real estate in this part of the world. With a development value exceeding Dh375 million, Vincitore Benessere will host 380 branded residences ranging from Studios to 3-Bedroom luxury apartments – all fitted with the best-in-class facilities and amenities suited for medieval-era European royalty and landed aristocracies. It will include 38,000 square feet of high street…
When Mina Rashid, the first modern port of Dubai, opened in 1972 – realising the vision of the late Sheikh Rashid bin Saeed Al Maktoum, the Father of Dubai – it ushered in a new era of prosperity for the city, transforming it into an important port of call between the East and the West. Now, Emaar, the developer of global icons that add to the pride of the nation, is building the world’s new sailing destination by the historic Dubai Creek near Bur Dubai/Deira, the very heart of the Dubai’s glorious coastal heritage, in the very location where the…