A NEW industrial group that will focus on the infrastructure and construction sectors has been launched by the Abu Dhabi-based National Holding (NH) and Emirates International Investment Company (EIIC) group, a group of privately-owned companies that focuses on investments, industry, real estate, general trading, and oil and gas.
Ground broken on 5th Avenue towerWORK has started on a new tower within the Emirates Lake Towers residential development in Ajman, UAE. Called 5th Avenue Ajman, the freehold tower is one of five projects being undertaken by GBS Group Holding.
DAIKIN’S air, ground and water source heat pumps have been given a major boost by the European Parliament’s recent directive regarding the use of energy from renewable sources. For the first time, besides geothermal energy, aerothermal and hydrothermal energies have been recognised as renewable energy sources.
RAS Al Khaimah Engineering and Design (Red) will begin production of high-end furniture and partitioning systems from a new 7,000-sq-m manufacturing facility in Ras Al Khaimah in the coming months. Hani Al Qasem, managing director of Red, says there is a huge opportunity for locally-produced quality goods.
BASF Construction Chemicals UAE, a division of one of the world’s leading chemical companies, has been aggressively promoting its innovative products at exhibitions in the region, having launched work on a new manufacturing facility in Dubai.
TOURISM Development & Investment Company (TDIC) has awarded a Dh142 million ($39 million) contract to AST for dredging and construction of a 2-km quay wall and pontoons for the Fishermen’s Marina at the Al Bateen Wharf urban redevelopment project. The marine work has already commenced and is expected to take a year to complete.
THE Dh120-million ($432.6 million) Cayan Business Centre (left) at Tecom on Sheikh Zayed Road in Dubai has been completed and offices are now being handed over to their owners. The handover comes close on the heels of the Cayan’s recent handover of Dorrabay and previously of The Jewels at Dubai Marina.
AROUND 95 per cent of construction work on Phase One of the Jebel Ali Industrial Area bus depot has been completed, while 25 per cent of work has also been completed at Al Ruwiyah bus depot, according to Dubai’s Roads and Transport Authority (RTA). The Jebel Ali depot will be capable of housing 300 buses.
A $258-MILLION housing facility for construction workers in Abu Dhabi, billed as one of the most advanced of its kind in the Middle East, will be inaugurated next month.
SUMMERTOWN Interiors has completed a refurbishment project at the Abu Dhabi National Oil Company (Adnoc) headquarters in the UAE capital. The project was undertaken on the ninth floor of Adnoc Distribution head office, which occupies 1,000 sq m of office space.
CONSTRUCTION on the Gulf’s newest Formula One race track is “on schedule” and expected to be completed in time for its November 1 premiere, the circuit’s developers said. Ten per cent of the 5.5-km circuit for the inaugural Abu Dhabi Grand Prix – the final race on F1’s 17-race calendar – has been laid a year after construction began.
