RAK Properties has signed a construction, infrastructure and landscape work contract with Al Ali Construction & Development for its AED 500mn project. Situated in the prestigious Hayat Island Ras Al Khaimah, Marbella Villas consists of 205 contemporary designed villas and townhouses facing a serene ocean front. The villas on the property are expected to be an amalgamation of traditional and modern design and feature luxury rooms in a comfortable and trandquil surrounding. RAK Properties CEO Samuel Dean Sidiqi said, “Living at Marbella Villas will be a once in a lifetime experience for anyone choosing to live in one of our…
Author: Kasun Illankoon
Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that it has added approximately USD 475 million of new awards to its backlog in Q1 2019. Projects in Egypt comprised approximately 75% of total new awards during the quarter across market segments including infrastructure, marine, roads, the New Administrative Capital and Al Alamein. New awards in the U.S., which accounted for the balance, were mostly comprised of private sector work in the commercial and data center sectors. The estimated consolidated backlog stood at USD 4.2 billion as of 31 March 2019
The powerful European presence at this year’s Automechanika Dubai exhibition will have a big boost of turbo-charged Italian flair, with a host of companies from Italy revving their engines ahead of the Middle East and Africa’s largest automotive aftermarket trade fair. More than 1,800 exhibitors from 60-plus countries will partake in the 17th edition of Automechanika Dubai in June 2019, with more than 350 of that figure hailing from Europe. Italy, known worldwide for its reputation as a producer of high-end sports cars, is also a major aftermarket player, exporting US$15.3 billion worth of auto parts and components in 2018…
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched Abu Dhabi’s most sustainable retail destination – My City Centre Masdar. The AED 300 million community project – Majid Al Futtaim’s first shopping mall in Abu Dhabi and its 25th in the region – is a flagship mixed-used development with sustainability at its core. “My City Centre Masdar’s opening marks a key milestone for Majid Al Futtaim as its 25th shopping mall in the region and its first mall in the UAE’s capital. Expected to be one of the…
Stable market conditions in most regions helped propel Volvo Construction Equipment (Volvo CE) to a solid set of financial results in the first quarter of 2019, with the company posting good growth in sales, profitability and machine deliveries. During the first three months of 2019 Volvo CE saw net sales jump by 15% to SEK 24,155 M (SEK 20,914 M in Q1 2018). These higher sales, plus improved prices and product mix, helped to positively impact operating income, which rose to SEK 3,646 M, up over a quarter (26%) compared to the SEK 2,888 M posted in the first quarter…
Home buyers have the opportunity to invest in Dubai’s most-in-demand residences – Expo Golf Villas by Emaar, located only 10 minutes from the Expo 2020 Dubai site and seven minutes from the Al Maktoum International Airport. The fourth phase launch of Expo Golf Villas in Emaar South follows the sell-out customer response to the first three phases of the residences that are only minutes away from an 18-hole championship golf course and offer soothing views of green parks and landscaped areas. Expo Golf Villas have gained investor interest for the incredible value offered with its central location in the heart…
Nagpur, in the state of Maharashtra, India, is seeing growing economic activity. With motorized transport dominated by two-wheelers contributing to congestion, pollution, and accidents on its roads, Maharashtra Metro Rail Corporation Limited (Maha Metro) is working hard to deliver a safe, reliable, efficient, affordable, commuter-friendly, and environmentally-sustainable rapid public transport system for the region. When complete the Nagpur Metro project will be 41.7 kilometers in length and include 40 stations and two depots. While the current public transportation system only accounts for 10 percent of total trips, Nagpur Metro will provide first- and last-mile connectivity via feeder services that will…
Triangle Heavy Equipment, the sole distributor of world’s finest heavy equipment brands in Egypt, today officially announced its partnership with Renault Trucks in Triumph Hotel, New Cairo, by launching the latest range of models of heavy-duty trucks to meet the growing demands of the booming construction and infrastructure development projects across the country. The 2019 launched models include D, C and K ranges; globally renowned for being sturdy and reliable, with low fuel consumption that result into delivering greater productivity and control operating costs. The trucks are equipped with the latest features, delivering a reliable experience to its users, including…
The third annual edition of the competition focused on three key areas; Safety, fuel efficiency, and productivity. The aim of the Volvo Trucks Driver Challenge is to draw attention to the important work done by truck drivers. It is also a way of attracting more trucks drivers in the constantly growing industries of transportation, constructions and logistics. Commenting on the event, Mr. Vladimir Knezevic, Managing Director at Famco UAE, said; “The Volvo Trucks Driver Challenge 2019 in the UAE brings together all the different challenges that truck drivers face every day. Their skills are often the critical factor in the…
Continental, the leading German tyre and automotive technology company, has announced that its newest technological innovation, ContiLogger, is set to arrive in the Middle East in the second half of this year. Targeting Off-The-Road tyre (OTR) customers, Continental’s new consultancy concept offers cost-effective analysis of cycle downtime, distance, speed, lateral forces, cornering and road grade, enabling optimised route management and perfectly coordinated tyre use. Making its world premiere at the world’s leading construction machinery trade fair – BAUMA 2019 (8 – 14 April), ContiLogger combines tyres, hardware, software, data and manpower into an individual consulting service approach. Using a range…