Dubai is set to build a giant food park on a 48-million-sq-ft area near the Expo 2020 site at an estimated cost of Dh5.5 billion ($1.5 billion). The first-of-its-kind project is aimed at boosting the emirate’s status as a regional hub for the food sector.
Dubai Electricity and Water Authority (Dewa) has announced that Sustainability, a 132/11 kilovolt (kV) main substation at Expo 2020 Dubai, is 77 per cent complete and is expected to be operational by October 31, 2017.
Dubai-based Engineering Contracting Company (ECC) said it has been awarded a major contract by Dubai lnvestments Real Estate Company (DIRC) to develop the first phase of its Mirdif Hills project in the UAE emirate.
Dubai plans to have a new deep-tunnel sewerage system costing around Dh30 billion ($8 billion) by the year 2025 as part of efforts to meet long-term needs for used water collection, treatment, reclamation and disposal, a report said.
Fourzone Décor, a UAE-based interior contracting and fit-out company, has completed the interior fit-out for The Retreat Palm Dubai MGallery by Sofitel. Said to be the first holistic well-being resort in the Middle East, The Retreat Palm Dubai MGallery by Sofitel is a project of Ajman-based hospitality group R Holdings.
In line with its plans to be the region’s premier destination for adventure tourism, Ras Al Khaimah is set to open a new observation deck close to the summit of Jebel Jais, providing adventure seekers and nature lovers breathtaking views and experience of the UAE’s highest peak at 1,934 m above sea level.
Fujairah has reached an agreement with Niras, an international, multidisciplinary engineering consultancy, to start the construction of the first phase of its ambitious smart logistics city project.
Dubai-based Azizi Developments has begun work on a Dh12-billion ($3.26 billion) project patterned after the French Riviera in Mohammad Bin Rashid Al Maktoum City, a report said. The project, dubbed Azizi Riviera, will be implemented within the Meydan One project near Dubai Water Canal, reported Wam, the UAE’s official news agency.
MH Al Mahroos Trading Establishment, the authorised distributor for Genie – a unit of global lifting solutions specialist Terex Corporation – in the UAE has been appointed as its authorised service provider (ASP).
Hill International, a global leader in managing construction risk, said it has secured a major contract from leading developer Emaar Properties to provide programme management services in connection with the Dubai Creek Harbour Development in Dubai. Hill said its initial one-year contract has an estimated value of Dh27.8 million ($7.6 million).
Dubai Electricity and Water Authority (Dewa) has awarded a Dh46-million ($12.5 million) contract to leading UAE contracting firm Dutco Balfour Beatty for the development of the first phase of its new headquarters, Al Sheraa, said the state news agency Wam.
Atlantis, The Palm, an iconic five-star destination resort in Dubai, will undertake a three-year refurbishment programme covering the resort’s 1,539 rooms and suites.
Dubai Electricity and Water Authority (Dewa) said work on the 800-MW Phase Three of the Dh50-billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park is progressing as per schedule with nearly 22 per cent of the project already completed.
UAE-based Cityland Group said it has secured a term loan of $143 million from a consortium of banks comprising Emirates NBD as the lead bank and Kuwait’s Burgan Bank for its flagship retail project Cityland Mall. Construction work on the 2.2-million-sq-ft mall complex is well under way and is being supervised by JLL as the project manager.
The UK Export Finance (UKEF) is providing more than $600 million in support for UK construction firms to deliver three major infrastructure projects in Dubai, said a senior official.
While Dubai’s commercial real estate market has experienced muted growth over the past six months, the recently-announced Emirates Towers Business Park (see Real Estate) is set to become the most defining commercial development in the emirate over 10 years, according to leading international real estate consultant Cluttons.
