Barry has over the last 22 years with Alec, managed and been instrumental in growing the construction capabilities of ALEC. He has overseen the successful execution of multiple significant landmarks in the region, e.g Mina Al Salam , Mirdiff City Centre, Dubai Airport Concourses A and D, Bluewaters Retail, Doha City Centre, Bvlgari Hotel and Resort , One Zabeel , Seaworld AD to name a few. ALEC recently announced the appointment of Barry Lewis as its new CEO and the transition of former-CEO, Kez Taylor, into an advisory position on the board as a Non-Executive Director of ALEC. Barry will…
Author: Kasun Illankoon
Bahrain’s capital, Manama, witnessed the groundbreaking ceremony of the “Bahrain Marina” project, which is considered one of the strategic and development projects aimed at diversifying the Kingdom’s economy and strengthening the real estate development sector as one of the most crucial sectors that contribute positively and effectively to the non-oil gross domestic product of the Kingdom of Bahrain. During the ceremony organised by the Bahrain Marina Development Company at the Bahrain National Theater, in the presence of His Excellency Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister, a film was shown about the factors of the mixed-use development…
By Stuart Leslie, International Sales and Marketing Director at Barratt London London’s real estate market is undergoing transformation in various regeneration areas, and investment in properties within a 750-meter radius of these zones tends to yield higher returns. Several sites, such as Tooting, Mill Hill, and Hounslow, have gained increased interest from Middle Eastern investors due to attractive yields, location, and transport links. The London property market has consistently grown even during challenging periods, making it a sound long-term investment choice. The market has shown a remarkable history of resilience and growth. Over the past two decades, London’s…
The first cohort of senior executives from Musanadah, a leading Saudi-based integrated facilities management organization, have completed comprehensive management acceleration leadership program’s in collaboration with leading international business school, INSEAD, designed to empower high-potential individuals and enhance the skillset of key employees within the group. Organized by Musanadah’s parent company, Alturki Holding, and taught by INSEAD – one of the world’s leading business schools headquartered in France – the new management acceleration leadership program’s are an immersive learning experience designed to advance the strategic thinking and leadership capabilities of selected directors from various subsidiaries within the diversified, 100 per cent…
Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, today announced the start of construction of the United Arab Emirates’ largest aluminium recycling plant. The 170 thousand tonnes per year facility is being built next to EGA’s existing smelter in Al Taweelah. The plant will process post-consumer aluminium scrap such as used window frames, as well as pre-consumer aluminium scrap from extrusion production, into low-carbon, high quality premium aluminium billets. The new facility will supply local and global markets with low carbon metal under the product name RevivAL. Construction is expected to be complete within three years. Most…
ESG Hospitality, the hospitality arm of Emirates Stallions Group (ADX: ESG), a global investment, engineering, and construction services company is partnering with Hilton to develop Mallside residence and Hotel, Curio Collection by Hilton. This upscale development comprises 18 floors hotel and residential tower, featuring a diverse range from studios to three-bedroom apartments. The development is further enhanced with an extensive selection of retail, food and beverage, and lifestyle offerings. This marks the debut venture for ESGH, the recently launched hospitality arm of Emirates Stallions Group. According to the partnership agreement, ESGH will hold the majority stake of 51%, while Montgomerie…
As Dubai’s ultra-luxury real estate market continues its remarkable growth, Penthouse.ae, powered by Metropolitan, a Dubai-based full-service real estate agency specializing in serving the needs of Ultra High Net Worth Individuals (UHNWIs), has announced the launch of The Luxury Collection, a portfolio of 60 ultra-luxury properties worth over AED 30B. This extraordinary collection comprises off-plan and secondary units strategically located in some of Dubai’s most sought-after locations, including Palm Jebel Ali, Palm Jumeirah, Jumeirah Bay Island, Jumeirah Islands, Downtown Dubai and more. The Collection, a mix of lavish villas and penthouses, includes standalone units from premium developers and branded residences…
With a tactical approach and strategic thinking, real estate investments can be an essential factor to building and diversifying one’s wealth. Adding real estate to the investment portfolio has been recognised as a powerful tool for its incredible potential to create wealth, representing a prime avenue for individuals to generate a passive income. However, before embarking on this journey towards wealth creation and financial prosperity, understanding the key principles and developing a systematic investment plan is quite imperative for investors to succeed. It is necessary to equip oneself with the requisite knowledge about the ins and outs, opportunities and difficulties…