A visionary initiative aimed at transforming Dubai into a pedestrian-friendly city has been approved by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The plan envisions a 6,500 km interconnected walkway network.
Dubai’s Roads and Transport Authority last month awarded a consortium of Turkish and Chinese companies – Mapa, Limak and CRRC – the contract for the $5.6-billion Dubai Metro Blue Line project. Construction is slated to begin in April, with all works expected to be completed and operations officially commencing in September 2029.
Emirates Water and Electricity Company (Ewec) has announced that it has obtained approval to allocate four new sites covering an area of approximately 75 sq km of land to be turned into world-leading solar photovoltaic (PV) and wind energy developments.
Emirates Biotech, a leading innovator in the biopolymers industry, is set to start construction this year on its major polylactic acid (PLA) production plant in the UAE. The facility will be constructed in two phases, each with an annual capacity of 80,000 tonnes, resulting in a total production capacity of 160,000 tonnes per annum.
Dubai South, the largest urban master development, has signed an agreement with BT Holding, Dubai to develop a gated master-community within Dubai South’s Golf District.
Ohana Development, a leading real estate developer in the Middle East, has partnered with Jacob & Co, a global luxury timepiece and jewellery brand, to unveil its luxury beachfront living project in Abu Dhabi, being built at an investment of AED4.7 billion ($1.27 billion).
Leading Abu Dhabi real estate group Aldar has signed a strategic AED2.3 billion ($626 million) deal with Dubai-based H&H Development for one of the largest commercial tower acquisitions registered in Dubai International Financial Centre (DIFC).
The Abu Dhabi Investment Office (ADIO) has partnered with Partanna, a Bahamian climate tech company, to establish its regional headquarters and a state-of-the-art manufacturing facility in the UAE capital.
Modon, a leading master developer, has entered into a deal with Emsteel Group, the UAE’s leading steel and building materials manufacturer, to source its pioneering low-carbon steel for a key project in the UAE capital. With this, Modon said it has become the first real estate developer to use low-carbon steel in the UAE.
UAE-based RAK Properties has announced that it has completed the design phase for its upcoming Nikki Beach Resort & Spa project located in Hayat Island on Mina, the company’s premium waterfront lifestyle destination in Ras Al Khaimah.
UAE-based AARK Developers has appointed Atlas Foundations as the enabling contractor for its flagship project, Sora Beach Residences, a AED4 billion ($1.1 billion) luxury beachfront development on Al Marjan Island in Ras Al Khaimah.
Union Properties, a leading UAE developer, has broken ground on its AED2 billion ($544 million) mixed-use development – Takaya – in Dubai’s Motor City community featuring three residential towers with 788 luxury homes and a 500-m-long shopping boulevard.
