Careem, the region’s leading internet platform with ride-hailing, deliveries and payments services, has launched operations in Mosul, Iraq. Initially offering ride-hailing services only, Careem plans to roll out its full suite of services in line with its vision of becoming the region’s everyday super app. Having been in Iraq since January 2018, Careem has identified local market nuances and has developed solutions to overcome them – from the need to complement Google Maps’ work, Careem has mapped over 15,000 locations and has created a ‘lighter’ booking option allowing customers to book a ride via Whatsapp. In a market…
Author: Kasun Illankoon
WOLFFKRAN acquires a stake in TROWIS GmbH, a young German company dedicated to the development and production of high-performance fiber ropes for applications in the lifting and materials handling industry. WOLFFKRAN recognized the potential of TROWIS ropes while these were still in the research phase and actively supported the foundation of the company in July 2019. The executive management of TROWIS GmbH is made up of the managing partners Dr. Thorsten Heinze and Peter Streubel. TROWIS high-performance fiber ropes are a highly innovative product on the fiber rope market. They are characterized by the integration of a doubly redundant, self-monitoring…
LogiPoint (Logistics Enabled) , the largest of its kind in Saudi Arabia, has been awarded the Seatrade Maritime Supply Chain & Logistics Award 2019 for the Middle East, Indian subcontinent and Africa during a special ceremony held in Dubai to celebrate and honor distinguished regional shipping, port and maritime logistics operators. LogiPoint has won the award for the extended commitment to continually provide high quality and advanced integrated logistics solutions, and by making dynamic efforts to introduce international concepts towards logistics efficiency contributing to Saudi Arabia’s vision 2030 and the National Industrial Development and Logistics Program (NDLIP), under the supervision…
The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism initiatives, has contracted Saudi construction firms, HUTA Hegerfield and Saudconsulting Services (Saudconsult), to undertake a major ground-work improvement project for the Coastal Village at the Red Sea Project site. HUTA Hegerfield’s contract involves land raising and ground improvement for the 1.5 million square metre Coastal Village area. This will house the workers, staff and management of The Red Sea Project, and will include corporate offices, housing and high-end facilities. The contract awarded to Saudconsult will include construction supervision consultancy services, to ensure all elements of…
In line with the vision of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and following the instructions of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to build a modern community that adheres to the highest sustainability standards, Modon Properties (Modon), a development company mandated by the Abu Dhabi government to build vibrant and sustainable communities and develop strategic mixed-use projects in Abu Dhabi, has awarded the infrastructure project of the phase 1 south of Riyadh City. The AED1.53 billion project, which…
Monte Rei, a luxurious residential community, golf and country club set within a thousand acres of unspoiled countryside in Portugal’s Eastern Algarve, is targeting investors from the GCC region. A seven date Middle East roadshow has been organised, to showcase Monte Rei’s stunning million-dollar villas and award-winning Jack Nicklaus signature golf course and country club, kicking off at the St. Regis Hotel in Abu Dhabi on September 30th before visiting Dubai, Bahrain, Kuwait, Riyadh and Jeddah throughout October and November. Declan McNaughton, Commercial Director, Monte Rei, said: “The absence of inheritance tax along with two key initiatives – the non-habitual…
Swisslog is celebrating a major milestone: Vectura, its automated stacker crane for pallet warehouses, is turning 50. “We are very proud of this success story,” says Dr. Christian Baur, CEO of Swisslog. “We built the first crane in 1969. Over the decades, many committed employees have continued to enhance and optimize it – all the way to today’s Vectura system, which is still a top seller in our portfolio.” 575 logistics projects completed in 35 countries, with a total of 3,870 stacker cranes installed: The numbers speak for themselves. And the customer list is equally impressive: Walmart, Target, Woolworth, Michelin…
Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to number eight position, representing its highest ever ranking. The city is the only financial centre within MEASA to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York, Hong Kong and Singapore. Dubai was most recently placed number 12 within the Index in March 2019 and has consistently risen within the rankings, since the Index was launched 12 years ago. Dubai has moved up 17 places since first appearing in 25th place in the inaugural report in 2007, and…
Leading Japanese Architectural, Engineering, and Urban Design Firm Nikken Sekkei is preparing to showcase a range of developments at this year’s Cityscape Global event taking place at the Dubai World Trade Centre from September 25 – 27, 2019. The projects, which are divided into five distinct categories, including Transit Orientated Development (TOD), Hospitality, Tall Buildings, Sustainable Structures, and One Za’abeel, are designed to showcase the breadth of expertise Nikken offers to developers around the world. The mixed-use development One Za’abeel features a residential tower, ultra-luxury five-star hotel, a commercial tower, and retail destination, the Gallery. The sleek,…
Abu Dhabi Ports, one of the UAE’s leading proponents of regional trade and investment, today revealed robust operational performance with significant volume growth in the first half of 2019. The company, which operates ports and terminals across the UAE, as well as Khalifa Industrial Zone Abu Dhabi (KIZAD), said its success was driven in part by concession agreements signed with leading maritime firms, such as Mediterranean Shipping Company (MSC) and COSCO SHIPPING Ports (CSP). The agreements have seen an increase in the number of vessels taking advantage of Khalifa Port’s strategic location and world-class facilities, as well as significant…