Author: Paromita Dey

Azizi Developments has purchased a further six plots within Meydan in Dubai to add to the 180 plots acquired last month, which will lead to a city within the master development. The six additional plots will feature low-mid-rise residential and retail projects near the planned Meydan One Mall. With a gross floor area of 5 million square metres, Meydan will become home to more than 83,000 residents. The development will also feature Dubai One Tower, which will be the world’s tallest residential tower at a height of 711 metres. Farhad Azizi, CEO of Azizi Developments, said: ““Following our impressive portfolio of 20 projects in…

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Dubai has opened registration for the inaugural Hamdan Bin Mohammed Award for Innovation in Project Management (HBM AIPM) in Dubai. With total prize money of $550,000 up for grabs, the award aims to encourage excellence in project management within the international business community. “The Hamdan Bin Mohammed Innovation Award in Project Management is a catalyst for innovative leaders, innovative teams, and innovative ideas in various institutions,” said His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA). “The Award serves as a reference for the best project management innovation…

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How Gulf-based KBW Investments is taking Italy’s Raimondi Cranes to new heights It was on the eve of the last ConExpo that it was announced that Raimondi Cranes had been acquired by Prince KBW Investments, a company founded and chaired by the California-born Saudi prince HRH Prince Khaled bin Alwaleed bin Talal. The acquisition of the Italian crane-maker came at a turbulent period for the Italian construction equipment and automotive industries as it was seemingly being picked off by a series of circling investors. Concrete specialist Cifa had been purchased by Zoomlion in 2008 and Dressta fell to fellow Chinese…

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