Saudi Arabia’s Al Sharq Group is to invest Dh7 billion ($1.9 billion) in developing a 8 million sq ft project in Dubailand, which will comprise the largest and most diverse theme park resort in the Middle East, as well as a residential community.
Sharjah has unveiled plans for a Dh18 billion ($4.9 billion) commercial, residential, and tourism development, the largest of its kind to be built in the emirate. Nujoom Islands will cover 60 million sq ft of prime coastal land near the village of Hamriya and will be developed by Saudi real estate giant Al Hanoo Holding Company.
Dubai’s International Media Production Zone (iMPZ) will shortly invite tenders for one of the largest construction packages involving a 64-storey tower, exhibition halls and associated facilities, estimated to cost Dh1.8 billion ($490.21 million), officials said.
Emaar to invest $4bn on mallsDubai: Leading real estate company Emaar Properties has announced plans to aggressively expand the retail sector with a massive Dh15 billion ($4 billion) investment.
Sorouh Real Estate has announced the appointment of the lead design architects for the first phase of its landmark development project Shams Abu Dhabi on Al Reem Island, located off the northeastern shore of Abu Dhabi.
Dubai Festival City (DFC), the mixed-use development taking shape on the banks of the Dubai Creek, is finalising core construction of its signature 29-storey premium-grade office building, Festival Tower.
Saudi-based Tanmiyat Investment Group has acquired the full residential and commercial components of the $3.8 billion Legends integrated theme park project in Dubailand at an investment of Dh7.3 billion ($2 billion) from the Bahrain-based Gulf Finance House (GFH).
The UAE-based National Central Cooling Company (Tabreed) signed a Dh3 billion ($816 million) agreement with the Dubai Municipality to provide the entire Dubai Metro project with district cooling services. This massive project will comprise 43 metro stations that will initially require a cooling load of 36,000 TR (tons of refrigeration).
Kwik Steel Structures, being set up with an investment of Dh50 million ($13.6 million), launches operations this month. It is expected to be the second largest structural steel plant in the UAE when completed.
Leading German design firm Kling Consult has been appointed to carry out the concept design for villas that form part of the first phase of Falcon City of Wonders, an ambitious Dh5.5 billion ($1.5 billion) project to be set up within Dubailand. The firm will prepare the detailed design of 345 villas within the mega development.
