Thursday 25 February 2021

SAY Studio turns Dubai tower into Mideast's first WELL-rated space

SAY Studio, a Dubai-based design and architectural consultancy, said it has successfully turned a building within Emaar Square into the only commercial WELL Health-Safety Rated Space in the Middle East and Europe regions.   The WELL health and safety seal was re


DLD expands 'Smart Valuation' to include buildings, villas

Dubai Land Department (DLD) has strengthened the scope of its innovative Smart Valuation initiative by launching the second phase that includes buildings and villas.   The initiative, which was launched in September last year to cover real estate units in the fi


Fleet expansion for Mammoet in the Middle East and Africa region

Mammoet, the world’s largest engineered heavy lifting and transport service provider, has expanded its fleet with the addition of eight cranes in the Middle East, Africa and Caspian (MEA) region.   Established in the region for over 40 years, Mammoet MEA p


TRSDC, Averda launch waste management facility for Red Sea project

The Red Sea Development Company (TRSDC) has announced the opening of an integrated waste management facility designed to handle all forms of waste generated during the construction of the ‘Phase One’ of the kingdom's giga-project.    Interna


Bahrain to begin global consultation on metro

Bahrain's Ministry of Transportation and Telecommunications (MTT) will host a global market sounding event on March 2 to introduce the Bahrain Metro project to international and regional players.   The ministry is looking to collaborate with the private sect


Saipem secures $1.7bn Qatar offshore project contract

Saipem, a leading engineering, drilling and construction company, said it has been awarded a $1.7-billion contract by Qatargas for the development of the North Field Production project, located offshore Qatar peninsula.   The scope of work encompasses the engine


Global real estate investment volumes down 28pc in 2020

Global real estate investment volumes declined by 28% year-on-year from a record amount of capital markets activity in 2019, according to real estate expert JLL.   In Europe, Middle East and Africa, investment volumes reached $282 billion, marking a 17% decrease


Al Masaood, Nidec Leroy-Somer partner for workshop

Al Masaood Power, an expert in marine propulsion and power generation systems, and Nidec Leroy-Somer, a global leader in alternators, electric motors and drives, have joined forces to establish a one-stop service workshop in the Gulf region.  The workshop will provide afters


Bahri showcases maritime capabilities, innovative solutions

Bahri, a global leader in logistics and transportation, is showcasing its maritime capabilities and innovative solutions at the fourth edition of the Naval Defense and Maritime Security Exhibition (Navdex 2021), which is being held in Abu Dhabi alongside the International Defence Exhibition a


Empower to distribute $109m cash dividends for 2020

Emirates Central Cooling Systems Corporation (Empower) has announced plans to distribute AED400 million ($109 million) in cash dividends to its shareholders for 2020.    This represents 45 per cent of the total net profit of AED901 million ($245 million) re

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