The annual list of the Middle East’s Top 60 most prominent contractors, real estate developers, consultants, facilities management companies features more than 11 new entries from across the region, putting in the spotlight the current improving outlook of the sector. These new entries have altered the entire corporate dynamics of the Power Hour 2019. For the full rankings click here. We reveal who got placed from Ranking 1 to 5 below: 1. Kez Taylor, CEO of ALEC Kez Taylor has been CEO of ALEC for 20 years and has led ALEC’s work on some of the…
Author: Kasun Illankoon
The annual list of the Middle East’s Top 60 most prominent contractors, real estate developers, consultants, facilities management companies features more than 11 new entries from across the region, putting in the spotlight the current improving outlook of the sector. These new entries have altered the entire corporate dynamics of the Power Hour 2019. Find out more about this list right here: http://bit.ly/2Yxd1Ej
Bahrain has announced it will pilot new guidelines for the procurement of Artificial Intelligence in the public sector, produced by the World Economic Forum (WEF) Centre for the Fourth Industrial Revolution. The announcement was made by WEF and the Bahrain Economic Development Board (EDB) – the public agency tasked with attracting investment to the Kingdom – at the WEF Annual Meeting of the New Champions in Dalian, China. AI has huge potential to streamline and transform service delivery for governments. However, due to lack of understanding and concerns over complexity, public institutions are often wary of adopting AI and lack…
Emirates Water and Electricity Company PJSC (EWEC), the UAE’s leading procurer of water and electricity, has issued a Tender for the construction and development of a new 2,000 MW solar photovoltaic (PV) power project to be located at Al Dhafra, Abu Dhabi. The new project forms part of a series of projects approved by the higher Committee for the Water and Electricity Sector in Abu Dhabi. Once completed, the project site will cover an area of approximately 20 Km², almost doubling the capacity of the current largest operational single-site solar PV plant in the world, Noor Abu Dhabi. The new project is expected…
Dubai Land Department (DLD) signed a memorandum of understanding (MoU) with Tanami Properties (TP) through which DLD will support the Manzili initiative launched by TP. The MoU aims to strengthen the strategic partnership between the public and private sectors, achieving public interest to develop Dubai’s real estate market. HE Sultan Butti bin Mejren, Director General of DLD, said: “This relationship is in line with our institutional goals to provide a systematic approach to register lands and properties, protect customer rights, and ensure all legal aspects related to land sales and purchases. We hope that our partnership and cooperation with the…
Dubai South has made its latest move to strengthen trade relations with leading business and trade organizations based in Shanghai, in support to UAE’s leading efforts to promote the Belt & Road Initiative, a global infrastructure development led by the Chinese Government. It signed two separate Memorandum of Understanding (MOU) with the China Council for the Promotion of International Trade Shanghai (CCPIT Shanghai) and China Chamber of International Commerce Shanghai (CCOIC Shanghai) on Tuesday (July 2, 2019) at the Dubai South headquarters. H.E. Khalifa Al Zaffin, Executive Chairman of the Dubai Aviation City Corporation and Dubai South signed the agreements…
he Kingdom of Saudi Arabia will have a large presence at the 24th World Energy Congress in Abu Dhabi after signing a major contract with the Organizing Committee today. More than 20 organizations from the energy sector in Saudi Arabia are set to showcase their services during the World Energy Congress, highlighting the strength of the country’s energy sector and its efforts to move towards a more sustainable industry model. Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the 24th World Energy Congress will offer a unique platform for global energy leaders to…
The beauty of a family-owned business is how everyone shares the same beliefs, ethos, and carries the legacy forward. Personal bonds result in strong commitment, and loyalty that gives a competitive edge over others. Mirodec Gulf is all about this and much more. This Lebanon-based glass manufacturer has grown from strength to strength with each passing generation. Michael Khoury, general manager of Mirodec Gulf, beamingly says: “We take pride in being a family business in its third generation. The journey of this family business started in Lebanon in the 1950s when my grandfather laid the foundation of a small workshop…
Global infrastructure services firm AECOM has been awarded a multi-year contract to provide project management consultancy (PMC) services for Phase 1 as part of NEOM Bay. One of the most ambitious mega-projects ever contemplated, NEOM Bay is being developed in North West Saudi Arabia within the NEOM Zone. Located in the country’s far north-west at the intersection with Jordan and Egypt, NEOM will be an special economic zone and diverse society offering world-class education, healthcare and culture, purpose built for a new way of living. All aspects of NEOM’s planning and delivery will embrace innovation and technology to ensure that ‘the land…
DP World PLC announces the acquisition of 100 per cent of Topaz Energy and Marine Limited (“Topaz”) from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for an enterprise value of $1,079 million. Topaz is a leading international critical logistics and solutions provider to the global energy industry. The company operates a modern, versatile fleet of 117 vessels, predominantly in the Caspian Sea, MENA, and West Africa regions. The group enjoys a particularly strong position in its core Caspian Sea market. The Caspian Sea is the largest inland body of water in the world, and one of the most…