Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, last month inaugurated the second phase of the Mohammed bin Rashid Al Maktoum Solar Park at Seih Al Dahal in Dubai.
Dubai Holding plans to develop the largest public park in the emirate over a sprawling 1.43 million sq m at Dubailand in partnership with the Dubai Municipality. The park will feature 30 km of pedestrian pathways, 20 km of jogging track, 14-km cycle tracks and 7-km nature trails.
EDF Group, an integrated electricity company, said it has joined a consortium led by Abu Dhabi future energy company Masdar which is developing the 800-MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
Al Futtaim has broken ground on a new mall located on a 78,500-sq-m site in Jebel Ali. The mall forms part of a 15 million-sq-ft mixed-use community being developed by wasl Properties. It is located along the Abu Dhabi-Dubai Highway and is being built as part of the first phase of the development.
UAE-based Omran Properties has announced plans to launch three real estate projects worth a total Dh2.47 billion ($672 million) in Sharjah as part of its massive investment drive.
The Dubai Electricity and Water Authority (Dewa) plans to build 97 new 132/11-kV substations over the next three years, at a projected cost of Dh10 billion ($2.72 billion).
Dubai-based wasl Hospitality and Leisure is to build a 26-acre premier destination resort in the UAE emirate and has selected MGM Hospitality to advise and manage the development.
Thales has won a contract to upgrade Dubai Metro’s Red Line, one of the world’s longest driverless metro lines which will be used by the 25 million visitors expected at World Expo 2020.
Dutch technology firm 2getthere has won a contract to deliver a new automated vehicle system in Dubai that will link the Bluewaters waterfront destination to the city’s metro stations. 2getthere will implement the project through its Middle East joint venture with United Technical Services.
There are currently 401 active projects in the UAE’s utility sector, with an estimated value of $84 billion, said a report. The utilities sector constitutes four per cent of the number of active construction projects and 11 per cent of the total estimated value of ongoing construction, according to leading project tracker BNC.
Marubeni Corporation’s joint venture with China’s JinkoSolar Holding, has won a contract to develop a major photovoltaic (PV) power plant near the town of Sweihan in Abu Dhabi. Construction is likely to be completed in April 2019 and will be funded by international project finance lenders.
Nakheel has floated four separate tenders for the construction of Deira Islands Towers – each involving a cluster of four residential properties – coming up at the heart of its 15.3-sq-km Deira Islands coastal city in Dubai.
NakheeL has floated tenders for the piling works at a Dh900-million ($245 million) hotels and resorts project being developed with Spanish hospitality group RIU at Deira Islands in Dubai. RIU Hotels & Resorts is an 800-room property being jointly developed by Nakheel at Deira Islands.
Danube launches new project Danube Properties has launched Resortz in Dubai’s Arjaan neighbourhood. The Dh300-million ($81.6 million) project offers 419 apartments, ranging from studio to three-bedroom apartments and retail units.
