Lebanese Prime Minister Rafik Al Hariri has launched work on a $150 million Saudi-managed real estate project in Beirut. The Marina Towers, a luxury apartment complex overlooking a new $170 million marina in central Beirut is aimed at rich Gulf nationals and Lebanese expatriates. The smallest 580-sq-m flat sells for $1.8 million.
Dubai will spend another billion dollars on the expansion of its international airport, lifting the total cost to $2.5 billion.
Bahrain's Ministry of Justice and Islamic Affairs has launched a BD1.2 million ($3.18) expansion of its premises. The project entails the construction of 24 new courts, 18 of which will be located on the first floor and the other six on the ground floor.
Britain's leading trade association for electrical installation equipment manufacturers is planning a major seminar in Dubai in a bid to help pull the plug on counterfeit products which, it says, are damaging genuine brands worldwide.
The Big 5 construction and contracting exhibition reported a rise in the number of exhibitors and visitors over last year and an initial declared order intake nearing Dh6 million ($1.6 million), the organiser said.
UAE's cement manufacturers have increased prices of Ordinary Portland cement (OPC) for the second time in four months, a report said. Industry sources, quoted by the Khaleej Times, said the price increase of Dh12 ($3.
DECEMBER 2001 3-4: FIDIC Conditions of Contract and the Dispute Adjudication Procedure Seminar, The Landmark, London, England. 5-7: Intertunnel 2001, in Basel, Switzerland. JANUARY 2002 10-14: Salon du Meuble de Paris (Paris Furniture Exhibition), at the Paris Expo- Porte de Versailles, France.
The Netherlands-based Van Oord ACZ has undertaken to complete Palm Island Phase 1 land reclamation project, Dubai Palm Developers announced. A statement from the UAE developers added that Archirodon Construction (Overseas) Company of Greece will construct the breakwater for Crescent Island and associated reclamation.
The Dubai-based Jasaf Building Technology (JBT) has won a contract for the construction of distribution warehouse and offices for Transmed at Dubai Investment Park. Transmed was established in Lebanon in 1945 as a distributor of premium FMCG brands. In 1975, it started operation in the UAE and later expanded into Jordan and Syria.
Routine maintenance work on the King Fahad Causeway has been delayed by the shortage of some vital materials. The project was supposed to be completed last month but was suspended until the additional plastic reinforcements required are received.
Philips, a world leader in lighting, will provide the Arena Vision floodlighting system in five of the largest sports stadiums across the UAE.
Glass maker Pilkington will introduce its newest product, the world's first self-cleaning glass, to the UAE market early next year. The new product, called Pilkington Activ, was launched in the European and north American markets this year, after extensive test marketing in the US, Ireland and Austria.
Ajman signs airport deal The UAE emirate of Ajman has signed a Dh367 million ($100 million) contract with a British firm to build an international airport. The terminal, which would be the seventh commercial international airport in the UAE, is expected to become operational in the second-half of next year, local media reported.
Dubai to upgrade interchange Dubai has approved a Dh43.3 million ($11.7 million) project to upgrade the Ras Al Khor Interchange at the Nadd Al Hammar Road junction in the emirate.
Beachside tower nears completion A 14-storey beachside deluxe apartment tower is nearing completion at Bahrain's Seef district, near Le Royal Meridien and is set to open early next year, said International Hotels Company (IHC) general manager Raymond Andre. The Sail Tower houses 21 fully-furnished units.
The new 17-storey Seef Tower in Bahrain's Seef district will be opened early next year. Seef Properties assistant general manager and centres manager Maher Al Shaer said the Housing Bank would occupy Seef Tower's ground floor, as well as three upper floors while the top floor would feature a yet-to-be-named five-star restaurant.
Mesteel.com, a B2B steel portal for the Middle East, now offers its members a chance to spend a night at the world's tallest hotel tower. The special promotion is in line with the UAE government's commitment to make e-government and services widely available, says web administrator Deep Kumar.
Abu Dhabi-based Tarmac Quarry Products has purchased two Extec Turbotrac screening systems to be used alongside an existing machine bought in 1999 for operations throughout the UAE.
One of Europe's leading building materials maker, YTong, is setting up a Dh100 million ($27 million) factory in Abu Dhabi in association with local promoters, a report said.
