Q Properties, the leading UAE real estate developer and a subsidiary of Q Holding (ADX: QHOLDING) has announced today the award of an AED 61.96 million design and construction contract of circa 5,000 piles foundation of the six apartment buildings of Reem Hills to NSCC International Ltd. Situated at the capital’s heart, Reem Hills is the only gated community on Abu Dhabi’s prestigious Al Reem Island, focusing on exclusivity and well-being. “We are delighted to announce the selection of NSCC International Ltd. for this crucial piling work across six apartment buildings of our prestigious Reem Hills project. Their proven expertise and commitment…
Author: Vibha Mehta
As the world discusses solutions to combat climate change at COP28, it’s essential to redirect attention to a seemingly overlooked aspect amidst the focus on direct emissions and energy reduction. While these are crucial, they represent a minority of global carbon emissions. Astonishingly, emissions from an organization’s supply chain surpass those from business operations by 11.4, contributing to 60% of global greenhouse gas emissions. Alarmingly, a whopping 90% of Chief Procurement Officers (CPOs) lack insight into the sustainability performance of these critical supply chains despite businesses allocating a significant portion – up to 70% – of their revenue to procurement,…
Over 10 per cent of the buyers of the Raffles branded The OWO Residences, part of the refurbished heritage property, The Old War Office of Britain’s World War II prime minister, Winston Churchill, is from the GCC from a value perspective, while global sales in the pipeline are hovering close to 50 per cent according to the Hinduja Group. “The fact that owning a residential property at The OWO is a rare opportunity to buy a piece of history has stirred up robust response from the UAE, GCC and Middle Eastern buyers,” said Sanjay Hinduja, who heads The OWO development…
Mirage is excited to announce that we have secured the building permit well before the Main Works Contractor’s appointment for our design studio’s first project – The St. Regis Residences Downtown Dubai by Emaar, located in the Opera District of Downtown Dubai. Enabling works are nearing completion, with preparatory work being undertaken for the sub-structure works. The project draws inspiration from the early 20th-century art deco style of New York, infused with a contemporary twist. Two residential towers – one at 65 storeys and another at 42 storeys, respectively; this development is an elegant addition to the cityscape overlooking Dubai…
du, from Emirates Integrated Telecommunications Company (EITC), signed a Memorandum of Understanding (MoU) with Versa Networks, the global leader in AI/ML-powered Unified Secure Access Service Edge (SASE), to enhance and expand du’s integrated network-security portfolio. Karim Benkirane, Chief Commercial Officer at du said: “Through our strategic partnership with Versa Networks, du is reinforcing its commitment to empowering enterprises in the UAE to embark on successful digital transformations. By delivering Unified SASE services, we aim to provide businesses with secure, reliable, and simplified network access while ensuring consistent and uniform security policies. Together, du and Versa Networks are poised to address…
The New Murabba Development Company (NMDC), a fully-owned subsidiary of the Public Investment Fund (PIF), Saudi Arabia, has appointed AtkinsRéalis (TSX: ATRL), a fully integrated professional services and project management company with offices around the world, to support the design of the New Murabba masterplan, the world’s largest modern downtown in Riyadh, and the Mukaab, an immersive destination that will revolutionize how people experience hospitality, retail and leisure. A signing ceremony, attended by Sabah Barakat, Acting CEO of New Murabba Development Company, and Campbell Gray, CEO of AtkinsRéalis, Middle East & Africa, was held to mark this milestone and celebrate…
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed on December 7th 2022, to outline the development of the first phase of the green hydrogen project in Egypt with a capacity of 600,000 tonnes-per-year of green ammonia, with an investment over USD 4bn, to scale up to a second phase with a potential capacity of 2 million tonnes-per-year The agreement was signed between ACWA Power and The Sovereign Fund of Egypt (TSFE), the Suez Canal Economic Zone (SCZone),…
Maersk announced that it would pause all vessels bound for the Red Sea / Gulf of Aden over the highly escalated security situation in the area. This decision was made to ensure the safety of our crew, vessels, and customers’ cargo onboard. Having monitored developments closely and retrieved all available intelligence, Maersk has decided that all vessels previously paused and, due to sail through the region, will now be re-routed around Africa via the Cape of Good Hope for safety reasons. They will continue their voyages on the diverted routes as soon as operationally feasible, and we will update customers…
Daikin is actively engaged in international climate change initiatives as part of its proactive approach to sustainability. Accordingly, Daikin showcased its high-efficiency inverter air conditioning technology at COP28 in the UAE earlier this month. With this cutting-edge inverter technology, energy consumption can be reduced by up to 50%. Experience Daikin’s innovative retrofit solutions and dedication to minimising environmental impact alongside its customers as they embark on their journey towards sustainability. Here, we speak to Daikin UAE’s Managing Director Samer Alawiah on how they taking a proactive stance towards sustainability…
Leading real estate developer Al Fattan Properties in Dubai has awarded Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, a 10-year Cooling as a Service (CaaS) agreement. The milestone business deal marks the company’s first-its-kind projects in the UAE and the region. It includes all-around cooling infrastructure services to ensure the comfort of residents of Al Fattan Downtown Towers, Al Fattan Properties’ premier residential development in Dubai. “In the Gulf region, energy consumed for cooling accounts for around 50%-60% of total building power consumption. CaaS can help substantially reduce a building’s cooling-associated carbon footprint by…