The ARY group of companies has launched its 45-storey ARY Digital Tower that will house the studios and corporate head office of ARY Digital Network, along with separate residential and commercial areas for offices and shops.
Dubai is betting on its exotic image to lure Indian, Arab and Western film productions to a tax-free studio complex, officials said. The latest initiative from the Dubai Holding Group, Dubai Studio City, aims to build a large cluster of companies from across the industry value-chain.
Construction of the Ras Al Khor Bridge, 1.5 km east of Al Garhoud Bridge, is now under way with completion due for the end of 2006. The bridge is part of one of the largest civil engineering projects in Dubai, dubbed the Ras Al Khor Project, and will involve a 15km corridor through to the first interchange of Sheikh Zayed Road.
Arabian Heights Residences, a luxury apartment project in Dubai Silicon Oasis, was officially launched last month. Project investment for the luxurious apartment building is over Dh300 million ($81.7 million) and is expected to be completed in March 2007.
Kwik Steel Structures has signed an agreement with Techno Park Dubai to build a Dh50 million ($13.6 million) highly automated facility. The facility will provide high-quality, high output fast-track steel fabrication services for the local and international construction and oil and gas industries over an area of 45,000 sq m.
Depa, the Middle East’s premier hotel interiors contracting company, and Mivan Limited of Northern Ireland, a specialist theming contractor for over 15 years, announced the launch of Mivan Depa. The new company has been created to offer specialised themed interiors for development and entertainment projects in the Middle East region.
The promoters of Dubailand have announced the launch of two major components – City of Arabia and the Al Barari – that will come up within the heart of the $5 billion mixed-use theme park. The Ilyas and Mustafa Galadari Group has announced the launch of a Dh4 billion ($1.08 billion) development in the heart of Dubailand called City of Arabia.
Ducab, the leading manufacturer of high quality power cables in the Middle East, has announced a Dh687 million ($187 million) record sales achievement in 2004 – a 30 per cent increase, compared to the previous year.
Rapid Link, a consortium of three Japanese companies – Mitsubishi, Obayashi and Kajima and the Turkish, Yapi Merkesi – presented the lowest bid at Dh6.285 billion ($1.85 million) for carrying out the civil and electro-mechanical works on the first phase of the Dubai Light Rail project.
Buoyed by a strong year behind it, Legrand is looking forward to consolidate its position through the creation of a technical hub in Dubai and by reorganising its regional operations. Legrand Middle East and Africa region has recently been reorganised into two zones – Africa and Middle East.
Aldar Properties has announced plans for the construction of a new Dh54 billion ($15 billion) city district, which will stand to serve as the new gateway to Abu Dhabi. “Work will start immediately in accordance with Aldar’s masterplan and development guidelines,” said Ahmad Ali Al Sayegh, chairman of Aldar Properties.
Palm access road works on targetDubai: Dubai Municipality will complete works on a new network of roads and two interchanges at a total cost of Dh611 million ($166.3 million) that will provide access to The Palm Island and the adjoining areas where several new projects are coming up.
