Month: September 2017

At Cityscape Global, Aldar achieves AED 400 million in Water's Edge sales“

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Reading time: < 1 Minute Aldar Properties, Abu Dhabi's leading real estate developer, investor and manager, has announced the success of its participation at the Cityscape Global exhibition in Dubai, which concluded on Wednesday evening, with the sale of the first phase of the AED 400 million Water's Edge middle-income project on Yas Island in Abu Dhabi. On this occasion, Talal Al Dhiabi, ... Read more

Ministry of Municipal and Rural Affairs asks Municipalities to implement a centralized database project for professional licenses and building permits

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Reading time: < 1 Minute  The Ministry of Municipal and Rural Affairs issued a circular to all secretariats regarding the implementation of a central database project for professional licenses and building permits data for all municipal sector agencies, within the framework of governance between the relevant authorities to achieve Vision 2030. The project aims to coordinate and cooperate with government agencies to facilitate procedures to ensure the implementation of the National Transformation Program 2020. Read more

Flynas succeeds in transporting 100,000 pilgrims from 17 countries on 274 flights

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Reading time: < 1 Minuteflynas has revealed the success of transporting pilgrims during the 1438 Hajj season, with its fleet transporting nearly 100,000 pilgrims from 17 countries around the world, thanks to early efforts and continuous coordination with all concerned authorities and prior preparations to serve the pilgrims. This came during the inspection tour carried out by Bandar Al-Muhanna, President ... Read more

Saudi Aramco grants Nomad a technical license for solar energy solutions, manufacturing and marketing

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Reading time: < 1 MinuteIn the first commercial licensing agreement of its kind, Saudi Aramco has granted a technology license to Nomad Solar Solutions, a local startup funded by King Abdullah University of Science and Technology (KAUST) that is manufacturing and commercializing a mechanical device for cleaning solar panels without the use of water. Under the agreement, Nomad will have the right to develop and manufacture the solar panel cleaning technology, which is ... Read more

Cityscape Global 2017 comes to a close with optimism in the real estate sector 300 companies showcased their real estate offerings

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Reading time: < 1 MinuteWith UAE projects worth more than 28 billion dirhams and the participation of more than 300 local, regional and international real estate companies and dozens of banks, Cityscape Global 2017 concluded concluded yesterday evening in Dubai, and varied between residential, retail and hotels. The projects that were launched during the exhibition focused on the residential sector, which accounted for about 75%, while the other projects were distributed ... Read more

Participants welcomed the move. Allowing direct sales of real estate at Cityscape Global doubles the number of visitors and investors

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Reading time: 2 MinutesFor the first time in 15 years, direct sales of properties being developed in the UAE will be allowed on the floor of Cityscape Global 2017 has doubled the number of visitors during the first day of the exhibition, which concludes this evening in Dubai. The real estate projects offered for sale at the exhibition witnessed a remarkable turnout of visitors with the opportunity to choose ... Read more

Saudi project makes the honor roll 300 projects from 17 countries compete for 11 Cityscape Emerging Markets awards

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Reading time: 2 Minutes The Cityscape Emerging Markets Awards unveiled the winning projects during a glittering ceremony yesterday evening, where the selected project companies were honored. More than 300 initial entries competed, 44 projects from 17 different countries were shortlisted for the awards, where the winning projects in the existing and future categories represented the pinnacle of excellence and creativity in the architecture of the projects. Best ... Read more

Aldar Properties Signs Real Estate Escrow Accounts Agreement for Water's Edge with Union National Bank

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Reading time: < 1 MinuteAldar Properties, Abu Dhabi's leading real estate developer, investor and manager, today signed an agreement with Union National Bank (UNB) to provide real estate escrow accounts for Aldar's recently launched Water's Edge development. Water's Edge, a 2225-unit waterfront community, is the first project to be launched in the ... Read more

Kingdom Holding Company announces the acquisition of 16% shares of Banque Saudi Fransi

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Reading time: < 1 Minute Kingdom Holding Company announced that it has entered into a share purchase and sale agreement with Credit Agricole Corporate & Investment to purchase 195,267,861 shares of the shares it holds in Banque Saudi Fransi representing 16.2% of Banque Saudi Fransi's share capital at a price of SAR 29.5 per share for a total amount of SAR 5,760,401,899.50. The transaction will be financed by ... Read more

“Municipal and Rural Affairs” invites companies and engineering consulting offices to apply for classification

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Reading time: < 1 Minute  The Ministry of Municipal and Rural Affairs has renewed its call to all companies and consulting engineering offices dealing with it to quickly apply for classification from the Ministry's Agency for Classification, in order to complete the classification of a suitable segment to compete for government projects, so that the classification is a prerequisite for awarding government projects to companies and consulting engineering offices. The Ministry continued in a circular to all agencies and secretariats ... Read more

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