A new record in visitor numbers has underlined what has been the most successful edition yet for the world’s leading trade fair for security, safety, and fire protection in Dubai. The 21st edition of Intersec, which concluded its three-day run on 22nd January 2019 at the Dubai International Convention and Exhibition Centre, attracted 35,889 visitors from 126 countries, a 23 per cent year-on-year increase over the previous year (29,000 in 2018). With 1,212 exhibitors from 54 countries, six show sections, 15 country pavilions, live outdoor demonstrations, a drone zone, and the new Future Security Summit, Intersec was at its very…
Author: Kasun Illankoon
Dubai South Properties – the development and real estate arm of Dubai South– revealed that preparations are well on track to effectively meet the constantly evolving property and community needs of discerning investors and end-users, who seek to explore the attractive propositions offered in Dubai South. Recognized as the UAE’s flagship urban development, Dubai South builds on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and is designed to support the diverse needs of a multitude of businesses, industries, investments current and future residents. Recently,…
The Dubai Maritime City Authority (DMCA) participated at the Middle East Bunkering Convention 2019 held recently in Dubai, attended by leading regional and international organizations discussing current and future trends of ship chandlers as a vital component in the maritime sector.
Sobha Realty, the leading premium real estate developer, announced the launch of the upper crest of Sobha Hartland’s most successful mid-rise tower – ‘Creek Vistas’ in Sobha Hartland at an exclusive event of 1,000 plus guests yesterday at the Madinat Jumeirah hotel.
DP World announces that it has acquired an additional stake in DP World Australia (Holding) Pty Ltd (DP World Australia) from Gateway Infrastructure Investments (Gateway) and other financial investors valuing DP World Australia at an enterprise value of approximately A$ 1.4 billion (USD 997 mn). The acquisition is subject to regulatory approval and is expected to close in 1Q2019. Following the closure of the transaction, DP World Australia will become a consolidated entity within the DP World Group and is expected to be earnings neutral in the first full year of ownership. Corsair Infrastructure Partners (CIP), the manager of the…
The Department of Economic Development – Ajman (DED-Ajman) revealed the signing of a strategic new cooperation agreement with Ajman Free Zone, to integrate and promote joint cooperation mechanisms on the unified commercial register and market control, through electronic connectivity and the strengthening of communication channels between the two sides. The agreement was signed by H.E Ali Issa Al Nuaimi, Director General of the Department of Economic Development – Ajman and H.E Fatima Mohammed Salem, Acting Director General of the Free Zone, who affirmed that the agreement comes within their mutual ambition to achieve the emirate objectives in the economic and…
Wilo, a leading German manufacturer of premium pumps, has opened an 8,000-square-metre facility in Jebel Ali Free Zone (Jafza), one of the largest free zones globally that offers market access to over 3 billion people. The new facility is Wilo’s headquarters for the Middle East and North Africa (MENA) region that spans 20 countries. Distinguished guests at the launch included His Excellency Peter Fischer, German Ambassador to the UAE, His Excellency Günter Rauer, German Consul General in Dubai, Mohammed Al Muallem, CEO and Managing Director of DP World, UAE Region and CEO of Jafza, Ahmad Al Haddad, Chief Operating Officer,…
SirajPower, the UAE’s leading provider of solar roof plants offering both construction and financing solutions under one umbrella, today announced the expansion of its operations in Abu Dhabi following the signature of the very first commercial lease in Abu Dhabi, with Hepworth, the Middle East premier manufacturer and supplier of plastic piping solutions. Under this new partnership, SirajPower will install, finance and operate 1.16 MWp PV system on two Hepworth facilities in Abu Dhabi, under a 20-year leasing scheme. The plant will cover almost 25% of its electricity consumption, saving 1,100 tons of CO2 from the first year of operations.…
Saudi Arabia’s maritime and logistics sector is set to provide a host of fresh investment opportunities that will enable the Kingdom’s integration into the regional and global economies as a hub connecting three continents – Asia, Europe and Africa, and positioning the country as a global logistics hub. The 2nd Saudi Maritime Congress held on March 11th and 12th at the Four Seasons Hotel Riyadh at Kingdom Center, Riyadh, Saudi Arabia, will bring together leading figures from the shipping industry to discuss the effect the ambitious Vision 2030 programme will have on the Saudi economy and how shipping and logistics…
Select Group, a leading global real estate investment and development company headquartered in Dubai, has begun handover of the luxurious, waterfront development No.9 in Dubai Marina.
With a gross development value of AED 520 million and built up area of 500,000 square feet, the development is spread over 34 floors with a total of 223 unit