Author: Content Writer
Total value of the various infrastructure, transport, and building projects across the MENA region is approximately $2.5T. Helping to connect construction businesses with suppliers of building materials, a pioneering B2B construction tech startup BRKZ that specializes in materials procurement for construction projects is today announcing a $8 million investment to empower contractors to reach their full potential. The funding round was co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures. With this series A funding round, BRKZ has now raised $13.55m in total. BRKZ’s seed round ($5.55m) was led…
The winners of the Logistics and Transport KSA Awards 2024 were announced on March 4, 2024, at Voco Riyadh. The event was hosted by Logistics News Middle East and BNC Publishing. The logistics and transport industry plays a pivotal role for economic activity, global trade and commerce especially in the Middle East. Countries in the region have heavily invested in building world-class infrastructure projects to enhance connectivity and efficiency. The region’s logistics sector is motivated by innovative technologies and services to meet the evolving needs of businesses and consumers which places it as a continuously growing market. In Riyadh, the…
The winners of the KSA Construction Innovation Awards 2024 were announced on March 4, 2024, at Voco Riyadh. The event was organised by Construction Business News Middle East and BNC Publishing. The construction industry in the Middle East is a rapidly evolving sector with infrastructure development, urbanization, and economic growth. Heavy investments are taking place in the region in construction projects spanning residential, commercial, industrial, and infrastructure sectors. Major cities including Riyadh, Dubai, Doha and others serve as hubs for architectural innovation and construction excellence, attracting global investors, developers, and construction firms. Although there are multiple challenges in the field,…
Ahmad Shibel, CEO of Taraf, highlights the collaboration between Taraf and Karl Lagerfeld with an exclusive residential community of villas. Through a meticulous interplay of premium materials, water features, and artistic architectural designs, this exceptional community creates an environment that truly captivates the senses. This community development showcases a unique blend of luxury with creativity to redefine sophisticated living. Inspired by Lagerfeld’s fascination with the 18th century, a period marked by intellectual curiosity and creative passion, the KARL LAGERFELD X TARAF project mirrors the discerning elegance of LAGERFELD’s (also referred to as the Maison) façade of the headquarters at 21 Rue St Guillaume, Saint-Germain-des-Pres,…
The Luxe Developers, a UAE-based real estate development firm, has underscored the rising demand for luxury property in Ras Al Khaimah as sales for the company’s premier residential development, Oceano, situated on Al Marjan Island, continue to attract ultra-high-net-worth individuals (UHNWI) seeking investment opportunities beyond Dubai. With prices starting from AED2.6 million for a one-bedroom apartment (AED2,856 per square foot (sqft)) and increasing to AED21 million (AED3,264 per sqft) for a Penthouse property, the development has witnessed a surge in interest from UHNWI looking at long-term returns following increases in the UAE’s luxury real estate market, which saw prices in…
Aeon & Trisl Real Estate, a multinational real estate, headquartered in the United Arab Emirates, with additional offices in the United Kingdom and Pakistan, proudly marks a historic moment as it illuminates on the iconic Burj Khalifa once again with another remarkable achievement. Under the dynamic leadership of Group CEO, Mr. Saleem Karsaz, the company celebrates securing the prestigious number 1 Position award from Emaar Properties at Annual Broker Awards 2023 held on 28th February 2024 at Armani Hotel, Dubai. Emaar continues to be one of the most valued, admired and trusted Real Estate Developers in the region and the…
Al-Futtaim Logistics, one of the leading logistics providers in UAE, recently entered the aerospace logistics business during MRO – AIME Middle East. Since its entry into the market the company has been able to establish a geo-gateway network with globalised control towers enabling international movement of aircrafts parts across the globe and offering a variety of services. In this exclusive interview with Logistics News ME, Dr. Raman Kumar, Managing Director at Al-Futtaim Logistics discusses about breaking into the aerospace logistics market, how their services are customer centric, the importance of collaborations, challenges, and so much more. https://youtu.be/JgHtitbb0Hg?si=n3emqsrj80vd9Q5F
SOHAR Port and Freezone announces the implementation of ISO 22192 international standards for Marine fuel supplies, aligning with global best practices observed in ports like Singapore and Rotterdam. This strategic move, which mandates the use of Mass Flow Meters (MFM) for fuel supplies, positions SOHAR as a pioneer in the Middle East, fostering enhanced operational efficiency and market competitiveness while supporting the development of bunker market. SOHAR Port and Freezone`s yesterday’s signing of an MoU agreement with TFG Marine during International Energy Week in London marks a significant step towards establishing an international bunker fuel supply operation within SOHAR Port…
Photo Credits: Masdar Website. DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across DP World’s global port operations in the Middle East and Africa. The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global supply chain. Over the course of the three-year partnership, DP World and Masdar will work together to identify optimal sites for the potential deployment of solar and energy storage systems, with an initial focus on Saudi…