Month: August 2014

Binladin-led consortium wins third contract for Qatar Metro«

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Reading time: < 1 MinuteQatar Rail announced that it has awarded the third major contract for the Doha Metro construction project to a consortium comprising Saudi Arabia’s Bin Laden Group, Austria’s Austria Bauphase, and Qatar’s HBK Construction. The new contract, the value of which was not disclosed, covers the elevated sections (above ground) of the Green Line, noting that the same consortium won last year … Read more

Construction of the 41-kilometer-long «Abu Dhabi» Strategic Tunnel Is Complete

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Reading time: 2 MinutesAbu Dhabi Sewerage Services Company has completed excavation work on the 41-kilometer-long Abu Dhabi Strategic Tunnel project, bringing the completion rate for the tunnel’s excavation work to 100 percent, In addition, excavation work on the 100-meter-long main treatment unit in the Al-Wathba area has been completed. This was announced by Abdullah Ali Musleh Al-Ahbabi, Chairman of the Board of Directors … Read more

Two consortiums of 6 contracting companies to bid for 11 stadium contracts

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Reading time: < 1 MinuteContinuous meetings among 130 companies over the past two weeks have resulted in the formation of two consortia, each comprising six companies in the Western and Central regions, which will compete to build the 11 King Abdullah stadiums scheduled for construction in several cities. Three major companies in Riyadh and three others in Jeddah have informally reached a preliminary agreement to form a consortium to win the contract to build the stadiums, while consultations are still ongoing … Read more

«MEED: Smart cities reduce labor globally

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Reading time: 2 MinutesMEED magazine stated that the term “smart cities,” which has become an appealing concept in countries around the world, generally refers to a combination of technology and communications—not only between people on the one hand and the services their cities provide on the other, but also to communication between different systems—or what is known as M2M (machine-to-machine) communication—where devices are… Read more

Under the patronage of King Mohammed VI and the participation of Gulf, Maghreb and international organizations

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Reading time: 2 MinutesThe Fourth Gulf-Moroccan Investment Forum will be held on November 28 and 29, 2014, in Casablanca, with the participation of economic bodies, commercial and investment institutions, as well as experts, academics, and researchers from the Gulf, Morocco, and around the world, under the patronage of His Majesty King Mohammed VI, King of the Kingdom of Morocco. Held under the theme “The Moroccan-Gulf Strategic Partnership: Casablanca as the Gateway to Africa,” this forum marks the culmination of the tour… Read more

Monitoring committees to follow up on stalled projects in Makkah

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Reading time: 2 MinutesYesterday marked the launch of the first inspection rounds by the Project Monitoring Committee, which was established by order of His Royal Highness Prince Mishaal bin Abdullah bin Abdulaziz, Governor of the Makkah Region, in light of the notable increase in the rate of stalled projects in the region’s cities and governorates, which has reached approximately 60% overall across all service projects, public facilities, and other initiatives. Three field teams were formed … Read more

19 billion dirhams of GCC investments in Dubai's real estate market

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Reading time: 2 MinutesEmiratis sent a clear message to investors from around the world that the Middle East remains a safe place for investment, after spending billions of dirhams on real estate in Dubai during the first half of 2014. According to the Dubai Land Department, total Gulf investments in the Dubai real estate market exceeded 19 billion UAE dirhams, with 66 … Read more

Aseer Emir stresses the importance of activating the role of encroachment committees and following up on white lands

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Reading time: 2 MinutesHis Royal Highness Prince Faisal bin Khalid bin Abdulaziz, Governor of the Asir Region and Chairman of the Regional Council, emphasized the importance of monitoring unclaimed land and curbing encroachment on wadi channels and ravines by activating the role of encroachment committees in the provinces. This came as His Royal Highness presided over the first annual meeting of governors for the year … in the emirate’s main conference hall today. Read more

Al-Zughaibi: Reducing the waiting period for applicants to the Real Estate Development Fund

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Reading time: < 1 MinuteThe Director General of the Real Estate Development Fund, Engineer Youssef bin Abdullah Al-Zaghibi, announced that, in accordance with the directives of the Minister of Housing and Chairman of the Fund’s Board of Directors, Dr. Shuwaish bin Saud Al-Duwaihi, to expedite the issuance of additional loan disbursements, four tranches of new loans will be issued during the remainder of the current fiscal year, and the Fund will work to establish fixed and scheduled dates for the issuance of these tranches … Read more

Handover of all units in the Al-Yasmin Neighborhood Housing Project in Jazan

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Reading time: 2 MinutesResidents have taken possession of all the villas in the Al-Yasmin neighborhood project in Jazan, which was built by the Ministry of Housing and distributed last Sha’ban, complete with full infrastructure, including electricity, water, sanitation, and roads, while the handover of other projects established by the Ministry in Jazan and other regions continues. The “Al-Yasmin” housing project is one of the projects that the Ministry has built in collaboration with … Read more

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