From the 3rd of August until the 28th of August, Ajdan Real Estate Development company will present the unique Ajdan Suite on the fiſth floor of Harrods—in collaboration with Harrods Estates —welcoming visitors from across the world to experience the developer’s luxury lifestyle vision. Infiniti by Ajdan will be among the brand-new projects showcased at the Ajdan Suite. The extravagant mixed-use, landmark project will cover a total land area of 45,510 sqm overlooking the eastern coast of Al Khobar and will consist of more than 480 residential units in three high rise towers. Additionally, 20,000 sqm will be reserved for…
Author: Kasun Illankoon
The architecture, engineering and construction industry has undergone significant changes in recent years yet one major challenge they face is the slow and costly manufacture of large components as part of their installations. Enabling the industry to move faster and efficiently, SAEKI has today launched from stealth with a $2.3M seed funding round to create fully automated plants with industrial robots using 3D technology to create anything from wings for aircraft to construction site installations. The funding round was led by Wingman Ventures including participation from Vento Ventures, Getty Capital and angel investors. Founded in 2021 by Andrea Perissinotto,…
UAE-headquartered Hardington Residential has signed an exclusive contract with Barratt London, part of the UK’s largest housebuilder Barratt Group, to market the company’s latest London developments to MENA investors, as differing demands from countries in the region are seeing an uptick in sales for properties in prime central locations and ‘Cinderella’ boroughs of London. The new partnership, the first of its kind for Barratt London in the region, will capitalise on Hardington Residential’s combined 75 years of real estate expertise, 25 of which are in the MENA region. With over ten projects in various locations across London and at differing…
Arada and American University of Sharjah (AUS) have completed their latest collaboration, which saw students from one of the Gulf’s top architectural programmes design a series of façade prototypes for the cladding of a substation at the Aljada megaproject in Muweileh. Sponsored by master developer Arada, the Thick Skins design studio was a partnership between academic and industry partners that afforded students an important learning experience regarding architectural practice including concept design, site analysis, design development, and coordination with consultants. Taught by Associate Professor of Architecture Jason Carlow, a group of 18 students in their final year of studies at…
Wizz Air, Europe’s fastest growing and most environmentally sustainable airline and the Middle East’s leading ultra-low-cost airline, is accelerating its growth in the Middle East with the addition of its latest route from London Luton Airport to Sphinx International Airport. The new milestone expands horizons and reaffirms the airline’s commitment to expanding ultra-low-cost travel and unlocking an eclectic mix of travel opportunities in Europe, the Middle East and North Africa. The flights from Cairo and London will start from 30 October and operate on Monday, Wednesday and Friday, providing hassle-free, point-to-point travel for tourists and residents in both Egypt and…
Aramex (DFM: ARMX) a leading global provider of comprehensive logistics and transportation solutions, announced its financial results for the second quarter (“Q2”) and first half (“H1”) ending 30 June 2023. In Thousands of UAE Dirhams Q2 2023 Q2 2022 % Change (YoY) H1 2023 H1 2022 % Change (YoY) Revenues 1,388,839 1,516,589 (8%) 2,820,336 2,965,521 (5%) Gross Profit 345,546 378,623 (9%) 703,546 722,723 (3%) Gross Profit Margin 25% 25% 25% 24% EBIT 52,762 63,569 (17%) 115,762 138,575 (16%) EBIT Margin 4% 4% 4% 5% EBITDA 143,293 155,534 (8%) 296,456 324,201 (9%) EBITDA Margin 10% 10%…
Zakat, Tax and Customs Authority (ZATCA) has been awarded with5-star recognition certificate for institutional excellence from the European Foundation for Quality Management (EFQM), the most important global reference for institutional excellence assessment, making ZATCA the first and highest entity in the Kingdom to achieve that level of recognition from the foundation according to the new model 2020, and culminating its efforts to implement the most prominent standards and concepts of institutional excellence on the local and global levels, in line with the Saudi Vision 2030. ZATCA has won this prestigious recognition of its institutional excellence in accordance with the globally…
Parsons Corporation announced today that the company has been selected to deliver design engineering consultancy services to Qatar’s Public Works Authority, more commonly known as Ashghal, for a new road and infrastructure framework. The $52 million, six-year contract includes conceptual, preliminary, and detailed design for roads and infrastructure projects within Doha city. “We are honored to be working with Ashghal on transforming such a key part of Doha’s critical infrastructure in line with the country’s national strategy,” said Pierre Santoni, President, Parsons MEA. “Frameworks like this will help improve access and decrease congestion – thereby decreasing transportation costs. We are…
Air transport industry IT provider SITA and Envision Digital, a Singapore-headquartered global net zero partner and Artificial Intelligence of Things (AIoT) technology leader, today signed a new partnership to help airports reduce operational costs and support their net zero ambitions. The companies have developed solutions that allow real-time data IoT flows, enabling airports to monitor and report their energy usage, emissions from aircraft and other vehicles, and their carbon footprint. Airports can use insights from these data feeds to take action to reduce consumption costs and resulting emissions. In future, the above solutions will allow airports to harness and orchestrate…
Department of Energy – Abu Dhabi (DoE) has launched a project to enhance the safety of centralised liquid petroleum gas (LPG) systems in commercial and residential buildings within the emirate, in an initiative that is being carried out in collaboration with all relevant governmental entities. The DoE is committed to boosting community safety, and safeguarding assets, in accordance with international best standards. In fulfillment of this pledge, an extensive survey initiative kicked off in July, covering a six-month period, with a focus on approximately 2,800 buildings in Abu Dhabi. During the inspection campaign, a comprehensive examination will be conducted on…