Dubai Festival City, the Middle East’s largest privately-funded, mixed-use development taking shape on the banks of Dubai Creek, is set to open five major components over the next year, starting with the launch of the flagship Toyota showroom at the project’s automotive park this month.
RAK Ceramics has opened of its ninth factory in the emirate at a cost of Dh180 million ($49 million) to join its operational system.
Following the successful launch of the first two towers at Dubai Marina’s Park Island development last month, Emaar Properties has unveiled the third tower – the 24-storey Sanibel Tower. The peninsula-shaped development consisting of four residential condominium towers, offers upscale community living in an exclusive marina environment.
Dubai to get world’s largest wheel Dubai: Dubailand and the Great Wheel Corporation have signed an agreement under which land has been allocated for the construction of the world's largest observation wheel at Dubailand. It will open to the public in 2008.
The Supervision Committee for the Expansion of Abu Dhabi International Airport (Scadia) is currently prequalifying contractors for the construction of a new runway at Abu Dhabi International Airport, as part of the airport’s Dh21 billion ($6.
CSHK Dubai Contracting has signed a Dh315 million ($85.88 million) agreement with the UAE's Armada Group for the construction of Armada Towers, located at the Jumeirah Lake Towers in Dubai. CSHK Dubai Contracting, a group member of China State Construction Engineering Corporation (HK), will be completing the contract in about 28 months.
The foundation stone for the Dubai metro project is to be laid this month, following the recent award of the Dh12.45 billion ($3.39 billion) contract by Dubai Municipality to Dubai Rapid Link (DURL) – a consortium of four companies headed by Mitsubishi Corporation of Japan – for the construction of Dubai metro.
Reem Investments has announced plans to develop 25 per cent or 1.8 million sq m of Abu Dhabi's Reem Island involving an investment of around Dh20 billion ( $5.5 billion).
The long-term investment that Hilti made almost two decades ago in setting up a regional office at Jebel Ali Free Zone has certainly paid off, says Michael Hilti, who has been chairman of Hilti since 1994. Returning to Dubai after almost a decade, Hilti was clearly amazed at the remarkable change that the emirate has undergone.
