Red Sea Global (RSG), the multi-project developer behind two of the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has hosted two exclusive high-profile trade and media market entry events in the UAE bringing together key decision-makers in travel trade and key media titles to create awareness about The Red Sea as it will be ready to welcome first guests in 2023. The Red Sea destination was introduced to over a 150 of select group of luxury travel agents, online travel agents, leading airlines operators and other prominent industry stakeholders alongside key journalists and editors. The exclusive…
Author: Kasun Illankoon
Abu Dhabi National Energy Company PJSC (TAQA) one of the largest listed integrated utilities in the region, announced today that it has entered into the operations and maintenance (“O&M”) of the Taweelah B Independent Power and Water Plant (the “Taweelah B IWPP”) as well as acquiring an additional stake in the plant. As part of a transaction valued at USD $65 million (approx. AED 239 million), TAQA has completed its acquisition from BTU Power Company and its liquidators of BTU’s entire interest in the Taweelah B IWPP in the Emirate of Abu Dhabi. In particular, TAQA acquired an additional 10%…
Alpago Properties, the leading high-end real estate developers known for developing residential, commercial, and hospitality projects has just announced the completion, of the spectacular signature villa, “Framed Allure”, which is located on Frond G of the iconic Palm Jumeirah. The impeccable property had already been purchased earlier in the year for $35 million, and it has just been handed over to the new owner. The early finalization of all amenities in this superb villa is another indication of the leading role Alpago Properties plays in the luxury real estate segment in the UAE and the region. The villa, named aptly…
A high-level Dutch trade mission to Abu Dhabi Sustainability Week (ADSW) 2023 consisting of a 25-member delegation representing 15 companies paid a special visit on 18 January 2023 to Sharjah Sustainable City – the first sustainable master-planned community developed by the Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers, to learn more about the city’s sustainable housing solutions. In particular, the visit focused on exchanging knowledge on integrated, sustainable, future-proof solutions related to water, food, sustainable energy and a circular economy in urban environments such as the emirate of Sharjah. During the visit, the Sustainable Cities-themed trade…
Khansaheb Industries, part of Khansaheb Group, has signed a distribution agreement with LG Gulf Electronics, part of LG Electronics Global, a world leading consumer electronics brand. The agreement will see Khansaheb Industries promote and sell LG heating, ventilation, and air conditioning (HVAC) products to the UAE market, providing greater product diversity to UAE consumers and businesses. The partnership was signed at Khansaheb’s head office in Dubai on January 16th in the presence of Khansaheb Industries’ Managing Director, Abdulrahman A. Khansaheb; and LG Gulf Electronics Chief Executive Officer, Michael Park. The agreement will see Khansaheb Industries promote and sell LG’s wide…
We are pleased to announce that our long-term partner Havelock One has once again joined forces with us as Gold Partners for the KSA Construction Innovation Awards 2023, which will be held on February 9 in Riyadh at Fairmont. Havelock One Interiors has established itself as one of the Middle East and KSA as a leading fit-out contractors and manufacturers of high-quality joinery, metal works, furniture, and shop fittings since 1998. They have operations across all GCC locations (seven offices/ two factories and five markets – Bahrain, Kuwait, Qatar, Saudi Arabia, and the UAE). In Bahrain, Havelock One operates two…
The Abu Dhabi Waste Management Company (Tadweer) signed five operations contracts with a value of over AED 2 billion. The contracts, which were signed with Alphamed Abu Dhabi LLC and Terberg RosRoca Vehicle Manufacturing, Beeah Sharjah Environment Company LLC, Averda Waste Management LLC, and JV Lavajet Al Ain/Nael & Bin Harmal Hydroexport LLC (NBHH), cover solid waste collection and transportation services, public cleaning services in Abu Dhabi and Al Ain, and waste containers management and maintenance in Abu Dhabi. The 6-year contracts aim to make a big leap in the quality of services and environment-friendly services by providing electrical equipment…
A new partnership between Masdar City, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and The Catalyst, the region’s first clean technology startup accelerator, aims to drive the growth of artificial intelligence (AI), clean tech, and smart city technology, including autonomous transportation, throughout the region. Mohamed Al Breiki, the executive director of sustainable real estate development of Masdar City; Sultan Al Hajji, the vice president of public affairs and alumni relations at MBZUAI; and Stephen Severance, director of growth of Masdar City for the Catalyst, signed the Memorandum of Understanding (MOU) at Abu Dhabi Sustainability Week 2023. The partnership will…
Soneva expands its solar power developments at Soneva Fushi and Soneva Jani in the Maldives based on a USD 10 million funding provided by German-headquartered Aareal Bank, boosting the electricity generated from renewable energy to over 50% at both resorts. Soneva has pioneered clean energy and sustainability in the luxury hospitality industry for decades. Its resorts have been proudly carbon neutral since 2012, and a 2% environmental levy is added to every Soneva stay with proceeds helping to offset carbon emissions. Soneva Fushi was also the first resort to install a solar power facility in the Maldives in 2008, taking…
ABB will launch its ABB Cylon Smart Building Management Systems (BMS) for the Middle East region at the Light Middle East and Intelligent Building Middle East 2023 event, held at the Dubai World Trade Centre from January 17 to 19, 2023. The ABB Cylon Smart Building Management Systems portfolio of products covers scalable automation and energy control for a wide variety of commercial or industrial buildings, regardless of size. The BMS enables buildings to automate functions and reduce energy costs with energy control and management. It also allows real-time monitoring and control of the building facility. Thamer Al Omari, Product…