Meraas Holding (“Meraas”) is pleased to announce that it has entered a long-term strategic partnership with Brookfield Asset Management (“Brookfield”) to jointly own and operate a retail-focused real estate platform in the UAE with a mandate to explore growth opportunities in the retail sector across the GCC region. This transaction represents a significant investment in the region for Brookfield and its debut investment in the retail sector. The partnership is a notable success for the Emirate in connection with Dubai’s Strategic Vision Plan 2021 and associated government initiatives aimed at promoting Dubai as a global business hub that attracts…
Author: Kasun Illankoon
As part of its efforts to strengthen Dubai’s position, and place it among the leading and most distinguished investment destinations, Dubai Land Department (DLD) entered a strategic partnership with the current edition of Cityscape Global 2019 that will take place 25 – 27 September at the Dubai World Trade Centre under the theme ‘Adapting to Change: Charting a Course in an Era of Transformation.’ During this prestigious global event, DLD is well prepared to receive visitors at its stand H1A10 in hall 1. HE Sultan Butti bin Mejren, Director General of DLD, said: “Our strategic partnership with this exhibition aims…
Swissport International has won a license for ground services at 15 airports in Morocco. The new license is valid from 1 October 2019 and has a term of seven years. Swissport International has been awarded a license for 15 airports in a global tender for airport ground handling services by the Moroccan airport operator ONDA. The new license has a term of seven years and is valid for the airports in Agadir, Al Hoceima, Casablanca, Dakhla, Errachidia, Essaouira, Fès, Laâyoune, Marrakech, Nador, Ouarzazate, Oujda, Rabat, Tangier and Tetouan. Swissport was awarded the license for two out of four lots (lots…
Mohammed Bin Rashid Al Maktoum City, District One – part of the master development Meydan – has announced the launch of its newest tower, Seagull Point, located in its prestigious D1 Residences. Seagull Point comprises of 14 floors featuring contemporary waterfront from 1, 2 and 3 bedroom apartments. These cutting-edge homes are bathed in natural light that stream through ceiling-to-floor windows. In addition to the beautiful interior of these homes, the tower has a few community-first features as well. It includes a well-stocked library to expand the knowledge horizon as having libraries within a neighbourhood helps in building a…
Months of planning have successfully led to the final piece of Al Wasl dome being lifted into place after an intricate and complex construction operation. The dome’s huge steel crown was positioned at the top of the jewel of the Expo 2020 Dubai site in an inspiring feat of precision engineering. Enclosing a space of 724,000 cubic metres and standing 67.5 metres tall – higher than the Leaning Tower of Pisa – the 130-metre-wide domed steel trellis encircles Al Wasl Plaza, a structure that will be the heart of the Expo 2020 site and set to become Dubai’s latest architectural…
The CEO of Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), has addressed delegates assembled for the first Saudi International Iron and Steel Conference, which is being held in Riyadh, Saudi Arabia. Eng. Saeed Ghumran Al Remeithi, CEO of Emirates Steel, participated in the conference 2nd session titled “Middle East and North Africa Steel Outlook” during which he spoke of the importance of the GCC market to the global steel industry, alongside discussing the sector’s ongoing challenges and opportunities. The conference, which is held from 16 – 18 September 2019, brings…
The unprecedented Food and Beverage event, hosted by UAE Food and Beverage Manufacturers Group, which brings together the manufacturing industry, developers, leaders in the sector and the industry experts; will be held on the 25th and the 26th of September 2019 at Address Hotel, Dubai mall. Powered by the top regional leaders from the Food and Beverage Manufacturing business,the forum will feature :- H.E. Mariam Al Mehairi – Minister of State for Food Security, UAE; H.E. Abdulla Al Maeeni – Director General, Emirates Authority for Standardization and Metrology(ESMA), UAE; Saleh Lootah – Chairman, Food and Beverage Manufacturers Group, UAE; Abdulla…
DHL Express, the world’s leading international express services provider, has announced that it is turning environmentally damaging waste into sustainable polyester yarn to be used as staff eco-uniforms, as part of its ‘Go Green’ drive to reduce its logistics-related emissions in the region. DHL is working with Nouveau to create high quality uniforms from plastic bottles that are identical to the current uniforms. The Waste2Weave process is to turn bottles into ready to wear clothing, for example, a pair of DHL trousers can be crafted from 23 plastic bottles, 19 bottles to make a shirt, and 9 bottles to make…
Supporting the availability and service of its Genie® branded products, Terex Aerial Work Platforms (AWP) announces the appointment of Elite Motors Ltd as a distributor of its full range of aerial access equipment, telehandlers and jobsite support equipment, including Terex® light towers — Georgia-wide. For Okan Acar, Genie Sales Manager, Turkey and the Caspian Sea region, Terex AWP, who initiated the agreement: “Thanks to this new collaboration, customers in Georgia now have easy access to the full range of Genie products and parts support in a growing market where premium, high-quality aerial equipment is under increasing demand. We have…
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 Emirate, has completed a supermarket project located in North Riyadh City (formerly known as South Shamkha). Modon awarded Lulu Group International the operating license as part of its ongoing cooperation with leading retail brands, designed to meet the needs of residents in North Riyadh City. Modon has also awarded the tender for its Retail Strip Mall project, as a part of the company’s plan to build a modern community in North Riyadh City that…