Diamond Developers launched The Diamond Innovation Centre during the UAE Innovation week 2015. The initiative is part of The Sustainable City, and aims to facilitate the study of sustainable and renewable practices. It will also host innovative study programmes, provide professional training and be at the forefront of formulating international standards and measurements. Faris Saeed, CEO of Diamond Developers, said: “The Diamond Innovation Centre marks the beginning of a new era in the field of sustainable studies in the region. There is a great deal to be done to head the Middle East towards an environmentally sustainable future and this…
Author: Paromita Dey
UAE-based Green Valley International Real Estate Group announced the launch of AED500m worth Green Valley City project in Tbilisi, Georgia. The company aims to expand its presents across Georgia as the company has marked a 25% increase in revenues in 2015 as compared to 2014. The project, situated across Tbilisi’s Green Belt area, spreads acorss 88,000 square metres with 35% covered in greenery. It includes 10 buildings containing 510 residential units ranging from studios, one-bedroom and two-bedroom apartments. Ali Saeed Al Salami, general manager at Green Valley said that a key driver of choosing Georgia is its strategic location, which…
Drake and Scull Engineering announced to be commissioned to deliver mechanical and lighting works for a mixed-use residential and commercial tower in Abu Dhabi, and two district cooling plants (DCP) in Dubai for a combined contract worth AED131m. In Abu Dhabi, DSE will supply and install heating, ventilation, air conditioning (HVAC), building management, fire fighting, water supply, drainage systems, and lighting fixtures for a mixed-use tower based in Abu Dhabi. The work on the project has already commenced with an estimated handover scheduled for 2018. In Dubai, DSE will supply, install, test and commission the mechanical, fire suppression, plumbing, heating,…
Volvo CE EMEA and FAMCO organised a regional customer event at Hilton Ras Al Khaimah in UAE on 26 November 2016, to conduct a regional launch of its new line of products. Machinery launched included the new EC750D excavator, new G-series wheel loaders with Z-bar linkage, new H-series wheel loaders and the latest line of hydraulic breakers. The EC750D excavator is currently the biggest machine produced at Volvo CE and most products launched were optimised for fuel efficiency and safety. The event was comparable with its most celebrated machinery show Volvo Days that is held at its factory in Eskilstuna,…
Speaking at the Sustainability Workshop during The Big 5, CEO of DC Pro Engineering George Berbari encouraged the GCC’s heating, ventilation and air conditioning (HVAC) industry to adopt new energy-efficient technologies. He said: “The air-cooled systems continue to dominate 70% of the HVAC market without offering any significant power saving features.” He raised concerns about power saving and refrigerant safety issues in VRF as well as in the design of fresh air systems. He recommended the upgrading of existing district cooling systems from partial to 100% usage of the thermal storage and treated sewage effluent (TSE). Berbari also stressed that…
Juno Enterprises, a multi-product distribution company, showcased the latest addition to its product line, Arbor Lighting Towers at The Big 5. The compact design, includes a vertical mast tower that offers complete flexibility with fixture ground access and 360 degree mast or light rotation. “The product is distinct in the market because of various features such as the telescopic mast can extend up to 8 metres while it has a certified wind stability of up to 110km/h,” said Rohan Kapur, business development manager at Juno Enterprises. The product underwent almost two years for R&D and finding a manufacturer. The product…
Fino will expand operations to Saudi Arabia in Q1, 2016, on the back of growing demand in the infrastructure and hospitality sectors, managing partner Talal Saeed told Construction Business News ME, during the exhibition. He explained: “Due to the religious pilgrimage, Hajj, Saudi Arabia has great potential in the hospitality sector as millions of pilgrims pour in every year. Due to which there are a large number of hotels in the pipeline, as well as projects like Riyadh Metro and new real estate developments.” Fino is headquartered in the UAE with a second office in Qatar. Saeed observes the GCC…
Over the last few years, steel in the UAE market has witnessed a stable annual growth of 5 to 15%. At The Big 5 show, CEO of Conares Bharat Bhatia says that as the number of projects increase, traders in the UAE are keen to buy from local manufacturers in order to save inventory cost and avoid risk of price fluctuations. “There are positive expectations on steel demand, which will grow substantially from 2016 onwards. This will have an additional growth of 10 per cent on a yearly basis from 2017. From the steel industry standpoint, local manufacturers will be…
On 20 November 2015, Damac Properties have announced a strategic collaboration with Chinese real estate and financial services company Qfang to strengthen and consolidate its sales operation in China. The agreement was signed in Shenzhen in Qfang’s headquarters by Damac managing director Ziad El Chaar and Liang Wenhua, chair of Qfang in China. This is the second major agreement Damac has signed with a Chinese real estate company. Associations and strategic collaborations in international markets are a proven strategy of the successful business operations of Damac, reinforced by the latest financial reports issued earlier this month highlighting AED3.67bn net profit…
Falconcity of Wonders LLC received an appreciation award from the organisers of the Dubai International Project Management Forum (DIPMF), held in November 2015 at Madinat Jumeirah in Dubai. The company was cited for its significant contributions and extensive support for the event, through a platinum sponsorship, along with adopting international standards in a series of mega projects that have attracted global attention. By sponsoring DIPMF, FCW extends its support to the “UAE Innovation Week 2015” which is being held in line with H.H. President Sheikh Khalifa bin Zayed Al Nahyan’s declaration of 2015 as the ‘Year of Innovation.’ Innovation Week…