JAPAN'S Nippon Steel Corporation (NSC), one of the biggest steelmakers in the world, has taken a 20-per-cent stake in the UAE’s Al Ghurair Iron & Steel (AGIS), a subsidiary of the Al Ghurair Group. Located in the Industrial City of Abu Dhabi (ICAD), AGIS is the first steel cold rolling and galvanising complex in the UAE.
THE 235-m-high Rolex Tower in Dubai, designed by SOM, was named Overall Project of the Year at the 2011 Middle East Architect Awards held in Dubai in September. The tower is owned and managed by Seddiqi & Sons Investment, the real estate arm of the UAE’s leading timepiece retailer Ahmed Seddiqi & Sons.
ABU DHABI International Airport’s Midfield Terminal Complex (MTC) project has received bids from six consortia, according to a local press report. The $3.2-billion project is a part of the airport’s Dh25-billion ($6.8 billion) redevelopment plan, the Gulf News newspaper reported.
UAE firms are expected to increase exports of local products and services to Saudi Arabia’s booming construction sector over the coming year, according to Saed Al Awadi, the CEO of Dubai Exports.
EMIRATES Steel, the largest integrated manufacturer of steel in the UAE, expects demand for heavy sections in the GCC to double by 2015. The company’s projections came during a conference it organised in Abu Dhabi last month.
LIUGONG, a leading Chinese manufacturer of high-quality construction equipment, has opened its Middle East regional headquarters in Jebel Free Zone, Dubai.
A FLEET of 16 Grove cranes is helping keep construction of more than 2,000 villas on track at a major project in Abu Dhabi. The rough-terrain cranes are working 24 hours a day at the $750-million Al Falah Community, a 12.5-million-sq-m masterplanned development located to the east of the Abu Dhabi International Airport.
TOURISM Development & Investment Company (TDIC), the master developer of Saadiyat Island in Abu Dhabi, has launched work on the second phase of Saadiyat Beach Villas following the sell-out success of the first phase. Consisting of 90 properties, Phase Two will be delivered from the beginning of Q4 of 2012.
SIEMENS has launched its new Siemens Open Office Landscape concept in the Middle East, which aims to increase productivity through increased employee interaction, a more attractive and spacious working environment, and the promotion of work-life integration.
Etihad Rail to launch Phase Two ETIHAD Rail will launch the second phase of its $11-billion project very soon with contracts to be awarded by the third quarter of next year. The second stage will connect the Abu Dhabi rail network to Jebel Ali in Dubai as well as links to the borders of Saudi Arabia and Oman.
Etihad Rail to launch Phase Two ETIHAD Rail will launch the second phase of its $11-billion project very soon with contracts to be awarded by the third quarter of next year. The second stage will connect the Abu Dhabi rail network to Jebel Ali in Dubai as well as links to the borders of Saudi Arabia and Oman.
