Dubai Land Department (DLD) announced the launch of the Real Estate Investment Opportunities (REIOs) initiative during a press conference held yesterday. The new initiative is a new way to attract investors from all economic sectors. Before the launch of the project, a feasibility study was conducted, and the most prominent international experiences and local and global practices were reviewed, and a special committee was formed to follow up and develop the project. Under this initiative, several important investment products will be launched, most notably the collective real estate investment funds, partial title deeds procedures to register units owned by a…
Author: Kasun Illankoon
The fully integrated, UAE-based, Grandweld Shipyards, has exhibited immaculate operations and achieved a number of landmark milestones during 2018. From environmentally friendly and sustainable services, to closing new deals; the company is embedding its footprint in the maritime industry to make its presence known. Existing and new clients continue to seek Grandweld for its impeccable deliveries and designs, proving that the company is a invaluable port for all maritime related services. Jamal Abki, General Manager of Grandweld Shipyards said, “Grandweld has been the trusted provider of workboats, security and offshore support vessels to a wide range of key players in…
The 11th edition of the International Real Estate and Investment Show (IREIS), a leading investment platform and the only real estate event in Abu Dhabi that targets investors and consumers rather than trade visitors, is all set to take place at the Abu Dhabi National Exhibition Centre from October 30, 2019 until November 1, 2019. Organized by Dome Exhibitions, the three-day event is expected to bring under one roof regional and international real estate investors, brokers, and developers from the Middle East, Europe, and Asia Pacific to showcase their wide spectrum of property developments alongside an array of immense investment options…
Raimondi Cranes has unveiled the latest heavyweight addition to its advanced luffing range, the LR372. Equipped with Raimondi’s next generation high performance winches, the LR372 is a 370 ton-meter class luffing tower crane with a maximum jib length of 60 meters and a maximum capacity of 20,000 kg in two falls configuration. At the maximum radius, the LR372 can lift 3,795 kg using Ultralift mode, making this Raimondi’s most powerful luffing crane to date. “Following our internal tests and procedural checks, the LR372 was in testing phase for a total of three months. This short period of time was possible…
ASGC, one of the leading construction groups in the UAE, has been appointed to construct the new Dubai Cruise Terminal at Dubai Harbour, the first ever dedicated cruise port in the region, which when complete, will be the most advanced of its kind in the region. Located in the heart of Dubai, in the vibrant area between Bluewaters and Palm Jumeirah, Dubai Cruise Terminal will become the main hub for international cruise ships visiting or deployed in the region. The Dubai Cruise Terminal is part of Dubai Harbour – the industry-defining maritime neighbourhood by Meraas. Work conducted by ASGC on the project…
DAMAC Properties has commenced handovers at the ‘Claret’ cluster of its landmark 55 million square-feet master development, AKOYA. Claret, which consists of 315 townhouses, is nestled amidst lush green surroundings and world-class amenities. Following the handovers at Claret, DAMAC is committed to delivering over 1,300 homes across other clusters in the coming months. Construction works at AKOYA, which is DAMAC’s largest community development project, is in full swing, spurred by a slew of contracts that the developer has awarded over the last two years. All internal roadways have been constructed, and the highly-anticipated community center is in the final…
As a result to the success of Dubai maritime industrial strategy, Kongsberg Maritime recently opened its new headquarters at Dubai Maritime City (DMC), the latest international organization to do so, further underscoring the robust confidence of the global maritime community in Dubai’s competitiveness and attractiveness as one of the most important maritime hubs in the world. Amer Ali, Executive Director of DMCA said: “we are proud today to see that the Dubai maritime industrial strategy is gaining momentum and attracting such distinguished maritime manufacturing and services provider as Kongsberg to Dubai. I am confident that this addition will further enhance…
noon.com, the home-grown digital marketplace, held an event to celebrate its sellers in Riyadh, KSA, recently. The e-commerce platform is helping transform the businesses of small and medium local companies, enabling sellers in Saudi to deliver across the Kingdom, giving them the tools they need to reach new online audiences. noon.com’s first seller event was an interactive session attended by Saudi businesses, including Saudi SME entrepreneurs, and featured a keynote and panel discussion led by Mohamed Alabbar, the founder of noon. Addressing the audience, Mr. Alabbar said noon.com was created to offer a local platform for Saudi businesses to tap…
In line with the efforts of the United Arab Emirates (UAE) government, global logistics leader UPS (NYSE: UPS) today announced The UPS Foundation has renewed its partnership with Emirates Foundation, a national organization set up by the Abu Dhabi Government to facilitate public-private funded initiatives for the empowerment of youth across the UAE, to continue supporting road safety campaigns in the country. The agreement was signed at UPS regional headquarters in Jebel Ali in the presence of Emirates Foundation Chief Executive Officer H.E. Maytha Al Habsi and Rami Suleiman, UPS President for the Indian Subcontinent, Middle East and Africa (ISMEA).…
The GCC has been a central logistics node between India, China and the West for centuries. Investment in international connectivity and new digital technologies now give regional nations such as Bahrain a matchless advantage The GCC has emerged as a global logistics hub, thanks to its geostrategic location at the confluence of three continents, and a rapid embrace of state-of-the-art technologies, such as Bahrain’s pioneering adoption of 5G networking. Those qualities will stand it in good stead as the industry is buffeted by the technologies of the fourth industrial revolution. As cross-platform developments such as artificial intelligence, the Internet of…