Leading paints and coatings manufacturer Jotun Paints, which is celebrating its 30th anniversary in the Middle East this year, is planning to continue with its programme of investments and expansion in the region. “Times have really changed for Jotun since we first arrived in the Middle East,” says Erik Aaberg, executive group vice president.
Nakheel has announced that its iconic project, The World, is rapidly transforming from vision to reality with 55 per cent of sand reclamation already complete.
Emaar Properties’ iconic building, the Burj Dubai, started its ascent last month following the pouring for the sheer walls of the core, which will hold the superstructure of the world’s tallest tower. “This is a very significant moment in the construction of Burj Dubai,” said executive director Issam Galadari.
The eighth Caterpillar Operator Challenge to be held in Malaga Spain later this October, will see the UAE Champion – Ghulam Fareed of Al Marwan General Contracting Company – meet with nearly 70 winners from 30 countries in a closely-fought contest.
The World Trade Centre Hotel on Shaikh Zayed Road has been brought down by demolition experts to make way for a new development. The site of the well-known, 27-year-old building will be occupied by a luxury residential development, the World Trade Centre Residence, due for completion in December 2007.
The Dh7.2 billion City of Arabia – a brainchild of developer Ilyas and Mustafa Galadari, with the guidance of Dubailand – was unveiled last month.
The recently concluded technical seminar of LG Electronics (LGE), held at Fairmont Hotel (Dubai) and Millennium Hotel (Sharjah) last month, discussed among other issues, the company’s ability to adapt to newer technology, its sales growth and also its plans for the region.
$3bn financing deal for Taweelah BAbu Dhabi: Abu Dhabi Water and Electricity Authority (Adwea) has signed a Dh11 billion ($3 billion) 20-year financing deal with a group of local, regional and international banks for Taweelah B – a water and power project.
