Browsing: Construction

Bentley Systems, Incorporated, the leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure, presented SYNCHRO XR, its app for immersively visualizing 4D construction digital twins with the new Microsoft HoloLens 2, which Microsoft announced during a press conference at Mobile World Congress in Barcelona.

Leading UAE-based technology and sustainability-driven facilities management (FM) company Farnek, has broken ground on its new AED 150 million state-of-the-art staff accommodation in Dubai Investments Park.

The 100,000 square feet facility, which will become home to some 5,000 Farnek employees, will be completed by the summer of 2020. The low-rise (basement, G+5) building will raise the bar for intelligent buildings, employing the latest smart technology and the most energy, water and waste-efficient accommodation centre of its kind, not only in the UAE but throughout the region.

CBNME visited the site on which upon completion will host 580 retail stores including 30 anchor stores and 80 flagship luxury stores, 190 dining outlets and a 13,200-square meter hypermarket.

Meydan One, which is currently under development as part of the Mohammed Bin Rashid Al Maktoum City in Dubai, has announced that the project is on track for its launch in early 2020 with 60 percent of structural work already completed.

Increased government spending and progress on giga-project developments provide a catalyst for future investment opportunities in Saudi Arabia, outlines JLL’s 2018 Year in Review report.

With stronger oil revenues and progress on new social reforms, GDP growth levels are expected to register 2.4% in 2018 according to Oxford Economics, up from -0.9% in 2017. 2019 is expected to witness ongoing activity on the back of the Kingdom’s largest ever expansionary budget (SAR 1 trillion in spending), and commitment to driving economic growth in line with Vision 2030’s objectives.