NEOM has announced that it has finalized contracts with investors for the first phase of its residential communities’ expansion, a social infrastructure project that will house the region’s growing workforce. The agreement amounts to a total value of over SAR 21 billion, making it one of the largest international public-private partnerships for accommodation. The preferred bidders for the first phase of the residential communities consist of leading Saudi Arabian companies, Alfanar Global Development, Almutlaq Real Estate Investment Company (AREIC), Nesma holding Co., and Tamasuk involved via two separate partners: Al Majal Al Arabi Group Company and the Saudi Arabian Trading…
Author: Kasun Illankoon
Asette launches an AI-driven property investment platform, revolutionizing off-plan property research and acquisition in the $35 billion UAE market. With a promise to save investors a 3-months decision-making process and over 40 hours of research, Asette simplifies the complex 30-step procedure using a single tool: the AI-driven platform that Asette is. Connecting investors to curated off-plan property options, while being the world’s first one-stop-shop. Asette offers personalized off-plan property searches, empowering investors with comprehensive analysis of price appreciation, rental yields, and ROI calculations. Asette aims to enhance the efficiency, transparency, and inclusivity of the property buying process. Employing sophisticated machine…
UAE-based facilities management (FM) services provider, Emrill, has bolstered its sustainability efforts and appointed Shariq Ahmad as associate director to lead Emrill Energy, which offers total energy management and techno-commercial energy engineering solutions by utilising the latest innovative technologies to deliver energy savings and increased efficiencies to clients. In his new role, Ahmad will implement key strategies to reinforce Emrill’s ongoing commitment to sustainable FM solutions across its diverse range of contracts and sectors in the UAE. Ahmad will be responsible for the sustainable optimisation of system efficiencies, reduction of energy costs across the organisation and its contracts, and collection…
Business France, the national agency supporting the international development of the French economy, is organizing “Vision Golfe”, the main business event between France and the Gulf Cooperation Council, a new platform to promote business cooperation in markets with high-growth potential. The conference is scheduled to take place in Paris on June 13-14, 2023, at the premises of French Ministry of the Economy, Finance and Industrial and Digital Sovereignty, under the high patronage of Mr Emmanuel Macron, President of the French Republic. The conference will cover a wide range of topics, including: • Best practices for building sustainable partnerships between France…
In a historic development, Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic private real estate developers, signed a landmark agreement with Dubai Land Department to deliver on-site Initial Sale Contract (Oqood) almost instantly. Once the necessary processes are completed, Oqood will be delivered instantly to Danube property buyers as compared to a longer standard process – saving time, hassle, and steps for investors – offering the highest level of customer happiness. The agreement reflects Dubai Land Department’s growing confidence and trust in Danube Properties – which has emerged as one of the fastest-growing real estate…
THE FITOUT, one of the leading providers of comprehensive interior solutions in the Middle East and a subsidiary of Union Properties, has collaborated with the Gurian, an Italian furniture manufacturing company, to expand its product offerings and introduce Italy’s finest luxury furniture to the UAE market. With a shared vision of offering high-quality products and exceptional customer service, the collaboration aims at bringing Italian furniture craftsmanship and design to the UAE, catering to the growing demand for luxury interior solutions in the region. Under this partnership, THE FITOUT will be the exclusive distributor in the UAE for the Italian furniture…
CIT Group Ltd, a leading facility management service provider headquartered in Jeddah, Saudi, has chosen Facilio’s Connected CaFM software platform to digitally transform the facilities at Al Jadidah site. The company successfully digitised end-to-end O&M processes, achieved QHSE audit and compliance readiness in a record three weeks time, making this the fastest and most seamless Computer-aided Facility Management (CaFM) deployment in the region till date. Monitored by the Royal Commission for AlUla (RCU), the Al Jadidah site is a cultural hub and home to restaurants, shops, art exhibitions and many entertainment options. CIT Group Ltd, which manages the site’s operations…
In a bid to promote eco-consciousness among families, Taqeef, the visionary behind desert cooling systems, has unveiled an exciting Sustainability Handbook for Families in celebration of World Environment Day and the UAE’s Year of Sustainability. With a cover page designed by talented Emirati artist of determination, Abdulla Lutfi, the handbook is packed with practical tips to reduce energy consumption while infusing sustainable practices into every aspect of how families live, work, and play. For the younger ones, it also incorporates engaging activities for kids, designed to educate and inspire them about sustainability in a fun and interactive way. Insightful contributions…
Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has agreed a pilot project to lay Partanna’s carbon negative concrete pavers at its landscape nursery. Partanna is the pioneer of the world’s first carbon negative concrete, with technology that not only avoids carbon emissions, but naturally removes it from the atmosphere. RSG has agreed a pilot project for the manufacture, delivery and installation of an initial 11,000 carbon negative pavers. The pavers will be placed at RSG’s landscape nursery, the largest in the region at one million m2, which…