Tuesday 27 September 2022

Abu Dhabi group in deal to build 1,000-room RAK luxury resort

Abu Dhabi National Hotels (ADNH) has announced plans to build a 1,000-room luxury resort on a one million sq ft area overlooking the Arabian Gulf at a total investment of AED1 billion ($272 million).      In this regard, ADNH has sealed a deal with Mar


Weatherford lands $400m Abu Dhabi drilling services contract

Weatherford International, a leading global energy services company based in Houston, has announced that it has signed a five-year framework agreement with Abu Dhabi National Oil Company (Adnoc), to provide directional drilling and logging-while-drilling services for a key project of the grou


Sharjah Sustainable City starts handover of Phase I villas

Sharjah Sustainable City, a fully sustainable residential community developed by Sharjah Investment and Development Authority (Shurooq), in partnership with Diamond Developers, has now started handing over the villas within first phase of the premium project to the homeowners. &n


Imdaad to provide FM services for Abu Dhabi skyscraper

Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management (FM) services, has officially won a three-year contract to provide a range of hard and soft FM services at Landmark Tower, the second-tallest building in Abu Dhabi with a 97,010.25-sq-ft plot


EAD wins key Leed certificate for its eco-friendly buildings

The Environment Agency – Abu Dhabi (EAD) said it was awarded the Leed (Leadership in Energy and Environmental Design) (O+M)) version 4.1 certificate by the US Green Building Council (USGBC). The Green Building Classification System is considered the most widely used in the world. 


NBB completes solar panel installation project in Bahrain

The NBB Group, comprising the National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), has successfully completed the installation of solar panels across a number of its physical locations in the kingdom.    The panels will generate a sustainable sou


Office landlords 'under pressure amid slowing economies'

A new equilibrium has yet to emerge for global office real estate given the adoption of hybrid work model. Landlords are contending with higher vacancy rates, lower rent, and lower values over the next few years. Growing recession risk adds to the downside risk, according to S&P Global Ra


Al Bawani acquires Dutch group A.Hak's Saudi unit

Al Bawani Water & Power Company (AWP), a leading Saudi utility company, said it has reached an agreement to acquire  the entire shares of Dutch firm A.Hak Pijpleidingen's Saudi unit, in a major move that will help boost Al Bawani’s growth plans in the water, environment and


Sweid & Sweid announces new commercial project for DIC

Sweid & Sweid, a leading UAE-based real estate company, has announced its latest project, 6 Falak, a new commercial development located in Dubai Internet City (DIC).    After great success delivering landmark commercial developments in DIC, including Th


Ewec seeks bids for 100 MIGD Abu Dhabi Islands water project

Emirates Water and Electricity Company (Ewec) today (September 19) has invited epressions of interest (EOIs) from leading developer/ developer consortiums for the Abu Dhabi Islands Reverse Osmosis (RO) Independent Water Project (IWP).   The project consists of t

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