ALDAR Properties has announced the completion of the external structure of Ferrari World Abu Dhabi – the world’s largest indoor theme park. It will also be the first Ferrari theme park in the world when it opens its doors next year.The park is located on Abu Dhabi’s Yas Island, which also hosts the Yas Marina Formula One Circuit.

DUBAI Pearl has marked a key construction milestone with the installation of three of the Middle East’s largest rafts on Towers 1, 2 and 3 of the iconic project. Developer Pearl Dubai achieved this with the completion of the concrete raft pouring at the Tower 2 (North Tower).

Hydra Towers contractor namedKele Contracting has been named the lead construction contractor for Hydra Towers, a series of five uniquely-shaped high-rise buildings in Business Bay, Dubai.

ABU Dhabi has marked a major milestone in its infrastructure development with the launch of the newly-built 10-lane Sheikh Khalifa Bridge on Saadiyat Island, along with a 27-km expressway.

THE first phase of Manarat Al Saadiyat, a state-of-the-art visitor centre on Saadiyat Island in Abu Dhabi, will be completed in the third week of this month.

DUBAI Industrial City, a dedicated light and medium manufacturing zone, has completed construction work on the extension to its first labour village. The complex is among the first in the country to comply with the stringent Ministry of Labour regulations, according to a statement.

JOTUN Paints has supplied more than 3 million litres of paint for the first phase of Dubai Metro’s Red Line, which has started operations. The company will also deliver its paints and coatings for the remaining phases within the Red Line and the entire Green Line, which are expected to be opened to public by June and December next year.

A WORLD-class district cooling plant has been commissioned at the Business Bay Executive Towers, a mixed-use community within the Business Bay in Dubai. The 45,000 refrigeration ton (RT) plant was provided by Emirates Central Cooling Systems Corporation (Empower).

DUBAI Properties Group (DPG) plans to hand over five new developments spread across the emirate before the end of this year.

RESIDENTIAL rents in Abu Dhabi are expected to remain weak for the rest of this year after modest declines in the third quarter in central locations, real estate services firm CB Richard Ellis said. Rents are likely to stabilise in 2010, it said.

A SECOND glass dome will soon join the magnificent first one at the Mall of the Emirates in Dubai. The new dome that will be home to 40 more world-class stores is being constructed above the mall’s 10,500 sq m extension. Like its twin, the apex of the new dome is 38 m above the granite floor.

REDSKY IT has launched a service management software solution in the UAE to improve control and financial management of  the activities of contractors, building services firms and facilities management companies.

TEKLA’s advanced technology has helped build a ‘gravity-defying’ tower in Abu Dhabi that has four times the inclination of Italy’s Leaning Tower of Pisa, the company said.

CONSTRUCTION work on Phase One of Bawabat Al Sharq, a Dh3-billion ($816 million) world-class, mixed-use development under construction in Abu Dhabi’s Bani Yas city, is progressing as per schedule.

TOURISM Development & Investment Company (TDIC), master developer of cultural, residential and tourism destinations in Abu Dhabi, has commenced work on Deyar Al Mafraq, a hotel staff accommodation development.

ABU DHABI National Exhibitions Company (Adnec) has completed the transformation of its 7,920-sq-m multi-purpose Hall 12 into the UAE’s largest indoor auditorium with 5,700-seating capacity.

DUBAI developer Deyaar has announced plans to re-start developing projects next year and set up co-investment funds for its overseas expansion. “2009 was a development holiday. In 2010, we have to start developing again,” Markus Giebel, the firm's chief executive told the Reuters Middle East Investment Summit.

DANUBE has launched a Dh10-million ($2.72 million) Buildmart in Dubai Festival City, marking Danube Home Interior’s first retail showroom to be based within a mall. The new venture will cater to individual homeowners and designers, and is part of the construction, building materials and shop fitting industry leader’s Dh50-million ($13.

THE Belgium-based Besix Group is now celebrating 100 years of experience and innovation in construction of large and complex buildings, marine works, infrastructure and environmental projects around the world.