Author: Paromita Dey

Since 2013, Elon Musk’s vision for a magnetic and solar powered freight and passenger transport system has been slowly gaining pace. Then last month DP World announced an investment of $50m in the US-based developer Hyperloop One and the appointment of its group chair and CEO, Sultan Ahmed Bin Sulayem, to Hyperloop One’s board of directors, paving the way for the world’s first Hyperloop in Dubai.  Melanie Mingas examines what this could mean for the future of transport infrastructure

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Sales of residential property in Dubai fell by 24 percent in the third quarter, according to international property agency, Chestertons MENA. There were AED 3.45bn ($939mn) worth of residential sales transactions during that period, down 29 percent on the previous quarter with the most popular area, Dubai Marina accounting for sales of AED 654mn. Robin Teh, Country Manager – UAE & Valuations & Advisory Director, MENA, said: “Dubai Marina will always be an attractive location for investors with consistently high levels of yields. “The highest transaction values remained in the prime areas such as Emirates Living, Palm Jumeirah and Downtown…

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Following completion of Panalpina’s new warehouse at Dubai South, Logistics News ME catches up with Clinton Campbell, logistics engineer at Panalpina World Transport, and Varun Viswanath, storage and MH solutions, Genavco

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Construction work has begun on the first coal fired power plant in the GCC, Dubai Electricity and Water Authority (DEWA) has confirmed. Harbin Electric International and General Electric (GE) won the EPC contract to build the giant 2,400MW Hassyan clean coal power plant in Dubai. Located in Jebel Ali, Hassyan will be the first project of its kind in the region and will use the latest ultra-supercritical technology to restrict carbon emissions. Phase 1 of the project consists of four units of 600 MW power each, which will respectively be operational in March 2020, March 2021, March 2022 and March…

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