Leading Japanese architectural consulting firm Nikken Sekkei celebrated the official opening of its One Za’abeel project, wholly owned by the Investment Corporation of Dubai, with a ceremony at the site on February 10. Distinguished attendees included members of the United Arab Emirates Royal Family, major stakeholders and select members of the media. Nikken Sekkei was represented by Chairman Tadao Kamei, President and CEO Atsushi Omatsu, and Dr. Fadi Jabri, CEO of Nikken Sekkei Dubai (NIKKEN SEKKEI FZ-LLC). After being selected through an international design competition in 2014, the company served as Lead Consultant on the development, with responsibilities over architectural,…
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The 2024 Top Employers have been announced and ROSHN has been recognised as Top Employer in Saudi Arabia for the second consecutive year. Being certified as a Top Employer showcases an organisation’s dedication to a better world of work and exhibits this through excellent HR policies and people practices. The Top Employers Institute is one of the world’s most prestigious certifications in the field of human resources management, acknowledging the commitment of companies to HR topics including People Strategy, Work Environment, Talent Acquisition, Learning, Diversity, Equity & Inclusion, Wellbeing and more. The Top Employers Institute has certified and recognised over 2,300…
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Excellency Narendra Modi, Prime Minister of the Republic of India, have laid the foundation stone for Bharat Mart, during a ceremony at the World Governments Summit 2024. DP World unveiled plans for Bharat Mart, a Dubai marketplace set to open in 2026 that will offer a world-class trading platform for Indian manufacturers and exporters to access global markets. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of…
RAK Properties PJSC, Ras Al Khaimah’s pioneering publicly listed property developer, has today disclosed an exceptional financial performance for the fiscal year ended 31 December 2023. The landmark year has seen the company shatter previous records, with significant growth in revenue and net profit, signalling a vigorous demand for its property and hospitality ventures. FY2023 financial highlights: Revenue surged to AED 1004.89 million, dwarfing last year’s AED 408.22 million. Net Profit propelled to AED 201.82 million, a substantial rise from AED 30.79 million in the prior year. Total comprehensive income rose to AED 181.98 million, an increase from AED 20.97…
Unifeeder Group, an integrated and core part of DP World Marine Services, has launched a new direct service connecting four ports in Colombia and the port of Manzanillo in Panama, adding a new layer of flexibility to export customers, such as fruit producers in the Americas region. The service will be managed by Unifeeder Group, one of the leading multi-regional feeder and container operators in the world. The new route follows the introduction of the India Middle East Service (IMS) that was launched in August 2023, with a weekly service from the state-of-the-art Nhava Sheva and Mundra Terminals to Jebel…
ANAX Developments, a subsidiary of ANAX Holding, is proud to announce its first foray into Dubai’s luxury real estate sector – with the launch of VENTO Tower, a development designed to herald a new era in luxury living with a project total investment value of AED 470 million. The company’s first real estate venture, VENTO Tower, slated for completion in Q4, 2025 comprises 225 luxury residences – fully furnished and equipped – studios and one bedroom apartments. Sprawling over 19 residential floors, residents are welcomed via a five-star hotel style lobby, with 24hr security and a fully-fledged concierge service. VENTO Tower stands…
Residential transactions, which accounted for 58.7% of all real estate deals by total value, registered a -16% fall in the number of deals to just under 150,000 sales between January and November 2023, according to global property consultancy Knight Frank’s Winter 2023/24 Saudi Residential Market Review report. The total number of real estate transaction volumes across all asset classes in Saudi Arabia slipped by -17% in 2023 to just over 177,000, while the total value of all deals declined by -9% to SAR 197.7 billion, Knight Frank says. Faisal Durrani, Partner – Head of Research, MENA, explained: “The residential market has experienced…
Once home to the Saudi royal family, Diriyah is rich in history, culture, and tradition. The town is only about 12 miles northwest of the capital city Riyadh, and one of its districts was declared a UNESCO World Heritage Site in 2010. With Diriyah’s history and beauty, the Kingdom of Saudi Arabia decided to include it as part of its Saudi Vision 2030, a government program to increase economic, social, and cultural diversification. For Diriyah, that goal means meeting a target of 27 million local and international visitors by 2030. Diriyah Gate, a mixed-use project to attract those visitors, will…
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has launched SecureTech. This new product is the ninth addition to the carrier’s suite of premium products and is dedicated to the safe and secure transportation of consumer electronics, including mobile phones, laptops, tablets and other lithium battery-powered devices. Etihad Cargo has developed and launched SecureTech in response to growing global demand from the carrier’s customers and partners for a product that addresses the challenges of transporting high-value electronic devices cost-effectively while minimising risks. To ensure the secure transportation of electronic devices, Etihad Cargo provides several security features. Products transported…
Following an overwhelming response from discerning buyers, property developer AMIS is thrilled to announce that The Woodland Residences, a groundbreaking luxury real estate project valued at AED 425 million, has been completely sold out within a week of its launch. Boasting a sellable area of 220,000 sqft, the development elevates the concept of branded residences from mere aesthetics and marketing to seamless product integration within unit interiors. AMIS is collaborating with Laminam to bring Automobili Lamborghini branded surfaces to every villa within the project. The remarkable success of The Woodland Residences underscores the unparalleled demand for meticulously crafted residences that redefine luxury…