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January 11, 2024 wicsummit0

A consortium led by French utility specialist EDF Renewables and Korea Western Power Corporation (Kowepo), has announced that it has reached financial close on Manah 1 – a 500MW solar power plant located in Oman.

Following the bid submission in September 2022, the consortium was awarded and signed a 20-year Power Purchase Agreement (PPA) with Oman Power and Water Procurement Company (PWP) in March last year.

As per the PPA, the consortium will be responsible for the design, finance, construction and operation of the plant located in the Al Dakhiliyah Governorate, 175km south of Muscat. The plant will begin commercial operation during the first quarter of 2025.

Once commissioned, the Manah 1 project will power more than 50,000 Omani households providing clean energy, while off-setting over 700,000 metric tonnes of CO2 per year.

The Manah 1 project is the first for EDF Renewables and Kowepo in the sultanate and is part of the consortium’s strategy to support the region’s Net Zero ambitions, as well as contribute to Oman nation’s Clean Energy Goals, through the diversification of the country’s energy mix aiming at 35-39% of renewable generation by 2040.

The financing for the project will be secured through equity and loan schemes sourced from local and international financial institutions, such as the Export-Import Bank of Korea, European bank Société Générale and Oman Bank Muscat.

EDF Renewables Middle East CEO, Olivier Bordes said, “Today we are reaching the financial close for this project, which highlights our strong commitment to contribute to Oman’s goal to produce from 35 to 39% of its electricity from renewable sources by 2040, and demonstrates EDF Renewables and Kowepo’s consortium’s continuing support for the sultanate in reaching its Clean Goals. The consortium’s first large-scale renewable installation in the country is perfectly in line with the EDF Group commitment to triple the renewable energy net capacity in operation worldwide, between 2023 and 2030.”

Korea Western Power Corp CEO (for MENA region), Youn Ho Ko added, “We are very pleased to announce the successful financial close of the Manah 1 solar PV project, and that we are the first Korean company to be awarded a project in Oman. This achievement was possible due to the strong partnership with EDF Renewables and their extensive experience and the unwavering support of Société Générale, KEXIM Bank and Bank Muscat.”

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Source: MEConstructionNews


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January 10, 2024 wicsummit0

Quattro Del Mar has been announced by developer RAK properties. Billed as a premium project, the developer’s latest residential project it will take shape in a prime location on Hayat Island, Mina Al Arab.

According to a report, Quattro Del Mar comprises four towers and will feature an integrated lifestyle hub with entertainment options and world-class facilities, set in a serene and captivating environment. The development will offer studio, one-, two- and three-bedroom apartments, in addition to luxury sky duplexes and garden townhouses.

Connected by skywalks, the towers will offer majestic views, while an integrated podium ensures easy access to signature amenities, including a Zen garden, a Spa Club, a gymnasium for fitness enthusiasts, a nature-surrounded yoga studio, indoor and outdoor cinema, sky pools, gourmet experiences ranging from casual bites to fine dining, retail shops, a miniature golf course, promenades, a safe and creative space for kids to play, courts for recreational play, fitness trails and pet parks, the developer said.

Unveiling the project, CEO Sameh Muhtadi said Quattro Del Mar was a masterpiece that will revolutionise Ras Al Khaimah’s urban landscape by integrating urban architecture seamlessly, fostering connectivity and the community spirit.

“The Ras Al Khaimah property market is witnessing unprecedented demand, with a spike in activity expected in 2024. As the leading developer in the emirate, the launch of Quattro Del Mar confirms our commitment to meet the growing demand for investment opportunities in Ras Al Khaimah. We believe the project will become a benchmark for opulent island living in Mina Al Arab and beyond, representing a unique opportunity for local and global investors to secure their dream home surrounded by stunning natural beauty,” said Muhtadi.

The developer said the project was designed using Al and dynamic software, and will deliver exclusive views of the lagoon, and resorts. The bridges, a pivotal design feature, not only enhance the architectural flow but also house residences, elevating the cascades’ allure with breath taking panoramic vistas, it explained.

RAK Properties added that the residential project embodies a minimalist and timeless aesthetic design, and will feature unique floor-to-ceiling windows that reflect the waters of the Arabian Gulf, and offer residents an intimate connection with the coastal surroundings.

Quattro Del Mar forms part of RAK Properties’ broader master plan for Hayat Island, reinforcing Mina Al Arab’s position as a community-centric lifestyle destination in line with RAK Vision 2030, Muhtadi concluded.

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Source: MEConstructionNews


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January 10, 2024 wicsummit0

Two agreements have been signed by Saudi Electricity Company (SEC) and its subsidiary National Electricity Transmission (NET) with Emaar, The Economic City (EEC) – the main developer of King Abdullah Economic City (KAEC). The agreement outlines the delivery of electrical services to the second and third phases of the mega project in Jeddah.

Saudi Electricity Company CEO Khalid bin Hamad Al Qunun pointed out that the company was working to contribute to the Kingdom’s efforts to provide advanced electrical solutions and services through a set of initiatives.

The first agreement is said to be aimed at connecting the main substation in KAEC with the general electrical system network of the NET Company, while the second agreement stipulates the delivery of electrical service to feed the projects.

“We are pleased to sign these important agreements to meet the increasing demand for energy in KAEC, which is an incubator and attractive city for many projects that will contribute effectively to achieving many of the goals of the Kingdom’s vision,” said EEC Managing Director Mansour bin Abdulrahman Al Salem.

The modern international industrial sector specialises in manufacturing electric cars in the third phase of the Industrial Valley of KAEC, including the Saudi Ceer Company factory for the manufacture of electric cars and the factories of the Lucid electric car company, said senior company offcials at the signing ceremony, which was held in the presence of Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz.

It is implementing key strategies that are aimed at providing electrical energy with high reliability for major projects related to achieving the goals of the Kingdom’s Vision 2030, the report stated.

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Source: MEConstructionNews


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January 9, 2024 wicsummit0

Major developers have been invited to submit requests for qualification (RfQs) for the development of a new solar photovoltaic (PV) independent power project (IPP) at Ibri city in Oman. The RfQ was issued by Oman’s Nama Power and Water Procurement company.

The launch of the Ibri III Solar IPP aligns with Oman’s vision to diversify fuel sources and achieve its Net Zero target by 2050, through the use of clean energy for power generation, the group said in its tender notification.

The deadline for submitting the RfQs has been set for 19 February 19, the company stated.

According to a report, the 500MW facility is the fourth solar PV project that is being developed by Nama Power and Water Procurement in partnership with the private sector. In May 2023, the firm announced it was rebranding as it accelerated its focus on developing renewables-based power generation in the Kingdom with the support of the private sector.

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Source: MEConstructionNews


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January 9, 2024 wicsummit0

Saudi-based Adel Real Estate has unveiled the blueprints for its mega project – Adel District – at Dammam in the Kingdom’s Eastern Province. Spanning 5.6m sqm, the plot-based urban development will boast five residential neighbourhoods that can together accommodate 50,000 people.

Designed by Adel Real Estate, Adel District has a full range of facilities, which include residential buildings, office spaces, mosques, shopping malls and retail centres, health centres, educational and recreational facilities, as well as creativity and innovation incubators – and even green spaces, which will be known collectively as Adel Park.

According to Adel, major infrastructure and public works have already been completed, with water, electricity, lighting, roads, telephone, rainwater drainage, and sewage networks already in place, in accordance with the latest approved sustainability standards.

Located west of Dammam City, Adel District sits along King Fahd Road (Airport Road), between King Saud Road and Riyadh Road, close to some of the major  highways connecting the city’s most famous landmarks.

A key feature of Adel District will be ‘West Boulevard’, providing investors with the means to build business communities. This space will be the district’s cornerstone, and will support the growth of its markets, shopping centers, restaurants, and cafes.

To ensure people’s wellbeing and quality of life, and in alignment with the Saudi Green Initiative, Adel Real Estate also planted 13,000 trees to achieve environmental sustainability.

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Source: MEConstructionNews


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January 8, 2024 wicsummit0

NEOM has awarded a contract for the installation of public safety systems within its key development, Sindalah, to Saudi-based Nesma Infrastructure & Technology.

The contract is said to be valued at US $13.3mn and makes Nesma responsible for the design, supply, installation as well as the operation and maintenance of comprehensive security systems, including CCTV cameras and radar.

The first of NEOM’s assets to be unveiled, Sindalah will offer guests an idyllic luxury lifestyle. Home to one of the world-leading yachting ecosystems, and Sindalah marina aims to become a new hub and fixture in the global yachting calendar. The project is likely to be delivered in June, said a report.

Located off the coast of NEOM in the Kingdom’s north-west region, Sindalah is the developer’s first luxury island and yacht club destination in the Red Sea.

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Source: MEConstructionNews


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January 8, 2024 wicsummit0

A US $90.39mn contract has been awarded for the improvement of the Umm Suqeim Street Project by Dubai’s Roads and Transport Authority (RTA). The Improvement of Umm Suqeim Street Project is a 4.6km-long development that extends from Al Khail Road to Sheikh Mohammed bin Zayed Road.

According to the RTA, the project includes an upgrade of the intersection with Al Barsha South Street, located near Kings School, by constructing an 800m-long tunnel with four lanes in each direction on Umm Suqeim Street. A signalised surface intersection will also be constructed as a part of the project.

The project is crucial to enhance the connectivity between east-west transverse streets and north-south vertical streets. This project complements RTA’s continuous efforts to improve the corridor, as per Mattar Al Tayer, the Director General and Chairman of the Board of Executive Directors of the RTA.

Al Tayer added, “This project aims to improve the connectivity of four major traffic corridors in Dubai: Sheikh Zayed Road, Al Khail Road, Sheikh Mohammed bin Zayed Road, and Emirates Road. It will enhance the capacity of the streets to accommodate up to 16,000 vehicles per hour in both directions, ensure a smoother flow of traffic, and significantly reduce the travel time between Sheikh Mohammed bin Zayed Road and Al Khail Road from 9.7 to 3.8 minutes. This project will serve various residential and developments areas, including Al Barsha South 1, 2, and 3, and Dubai Hills. These areas have an estimated population of about two million people.”

The RTA said that it completed the initial phase of the Improvement of Umm Suqeim Street Project in 2013. This phase covered the sector between Sheikh Zayed Road and Al Khail Road and resulted in the construction of two three-lane bridges, two signalised intersections and three pedestrian bridges. In 2020, the RTA also opened a central 500m bridge as part of the bridges and roads leading to Dubai Hills Mall.

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Source: MEConstructionNews


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January 8, 2024 wicsummit0

Global and regional construction firms have been invited to submit bids for the development of the third phase of the Al Dibdibah Power and Al Shagaya Renewable Energy solar PV project by the Kuwait Authority for Partnership Projects (KAPP). The project is being undertaken in collaboration with the Ministry of Electricity & Water & Renewable Energy.

The winning developer or developer/consortium will be responsible for the financing, design, procurement, engineering, construction, testing, commissioning, operation and maintenance, as well as the transfer of the Al Dibdibah Power and Al Shagaya Renewable Energy – Phase III – Zone 1 Solar PV IPP. The deadline for submitting the bids has been set at February 22, according to the KAPP.

The Al Dibdibah Power and Al Shagaya plant is located in the administrative boundary of the Jahra Governorate in the west of Kuwait City, and is said to be approximately 100km from the capital. On completion, it will boast a net capacity of 1,100MW.

As the main body responsible for implementation of the public-private-partnership projects, KAPP aims to utilise private sector skills and expertise to maximize value for money and service quality. It is currently in the process of initiating several high-impact projects in the power, water/wastewater, education, health, transportation, communications, real estate, and solid waste management sectors, said a report.

Following the completion of the project, it will benefit from a power purchase agreement with the Ministry of Electricity & Water & Renewable Energy as the off taker for a 30-year term. It will export the output from the plant to Kuwait’s electricity grid and transmission network, the report added.

Ernst & Young supported KAPP and the Ministry of Electricity & Water & Renewable Energy as lead and financial advisor, DLA Piper as legal advisor and DNV as technical and environmental advisor.

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Source: MEConstructionNews


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January 4, 2024 wicsummit0

The Sustainable City – Yiti (TSCY) is a billion-dollar development that aims to support the goals of Oman Vision 2040, as well as the National Tourism Strategy, by creating a live-work-thrive city, that is green, energy efficient, and people-centric.

Spearheaded by Diamond Developers in partnership with Oman Tourism Development Company (OMRAN Group), the project – once complete – will consist of 300 villas, 1,225 apartments and 132 luxury serviced apartments, along with a number of community focused facilities and amenities. The project is expected to house 10,000 residents once it has been fully delivered.

For Salah Habib, CEO of Diamond Developers, sustainability is not simply an abstract concept or target to aspire for – it is a guiding principle that shapes every decision that the developer makes. As the CEO, Habib is steadfast in his commitment to ensuring the company fulfils its mission ‘to build and maintain sustainable, evidence-driven and intelligent cities’, all designed to contribute towards climate neutrality and circular economy, while maximising favourable economic returns on investments for their stakeholders.

The Sustainable City – Yiti is a testament to this; Habib says the project embodies their pledge to Oman’s sustainability objectives, and stands in full alignment with the country’s vision of delivering an emission-neutral city that provides a green, energy-efficient, and people-centric environment for its residents to live, work, and thrive.

“Oman’s Vision 2040 paints a clear path towards a diversified, inclusive, and sustainable national economy, with the aim to achieve Net Zero emissions by 2050. With bold ambitions to become the largest operational sustainable community in the region and the first Net Zero emissions city in Oman by 2040, The Sustainable City – Yiti will extend the blueprint that we have been developing and continue to act as a living proof-of-concept of The Sustainable City brand,” says Habib.

Design for Energy Efficiency and Reduced Carbon Emissions

To achieve their overarching vision, Habib says the community aims to reduce its residents’ per capita carbon footprint by at least 75% compared to conventional living conditions in Oman, among other significant contributions. To achieve this, it is essential to prioritise energy efficiency and reducing carbon emissions for which Habib notes, “the key to this contribution resides in the planning phase”.

“Each step in our design and construction processes is carefully planned to uphold our commitment to sustainability and to implement the highest standards across social, environmental and economic sustainability,” he adds.

Elaborating on how the developer approaches this, Habib explains that they optimise demand-side management by combining passive and active design across the master plan, improving energy efficiency and lowering carbon emissions.

“When it comes to product selection. We consider upstream and downstream emissions, choosing products with high lifecycles and, where possible, sourced locally, which cuts down on long-term costs. Habib points out that his firm is also committed to off-setting embodied and operational carbon emissions, which is considered at the planning stage.

“Finally, we employ recycled materials to build playgrounds, tracks, and other community facilities, as well as include precast wall panels into our construction process to reduce waste,” he states.

Renewable Energy Sources

The Sustainable City – Yiti is also bold in its mission to enable residents to achieve up to 100% energy bill savings, and introduce high-efficiency water systems that could reduce water bills by as much as 50%. Habib notes there are two ways they will harness renewable energy. The first is installing solar panels on rooftops and biogas plants that convert organic waste into energy.

“The community will be equipped with smart systems such as micro-grids to enable off-grid and positive energy capabilities, which include energy storage solutions. Smart systems also provide residents with the ability to share power,” he elaborates.

Salah Habib, CEO of Diamond Developers.

Within the project, Habib says water efficiency is at the core of its environmental strategies across The Sustainable City brand. The developer is exploring the use of water conservation systems and technologies to source potable water from alternate sources such as seawater and ambient humidity, which can be harvested and mineralised to produce safe drinking water.

“Wastewater will be recycled, and landscaping will be irrigated using treated sewage effluent,” he points out before adding that the buildings are equipped with state-of-the-art water installations and low-flow fixtures to conserve water effectively.

“We truly take pride in our 100% water recycling and reuse targets, whereby all used water in our communities is treated and repurposed for the irrigation of our green landscapes. Further enhancing our commitment to sustainability, we’ve embraced cutting-edge humidity harvesting technologies, allowing us to produce drinking water from the air around us,” he remarks.

Moreover, Habib says the innovative design of the 1,657 residential units within the project ensures that they are all equipped with energy-efficient appliances, LED lighting, low-flow water fixtures, and smart home systems, resulting in significant savings in consumption and utility bills.

“These savings are largely dependent on the residents’ resource utilisation. The more environment-conscious the residents are, the more they save. As such, residents have a big role to play in optimising their savings. To help them maximise these, a lot of our efforts are focused on raising awareness and educating residents – and the larger general public – about sustainable living and sustainability best practices,” he highlights.

Habib also says homes in their cities are likely to have a higher resale value in the coming years, given the growing demand for sustainable, energy-efficient living spaces, which reduce carbon footprint and, as such, have lower operational costs. “This makes a compelling case for considering more sustainable developments when looking to invest in property and real estate,” he adds.

Comprehensive Sustainability in Amenities and Facilities

Underlining their live-work-thrive philosophy, Habib tells BPME that Diamond Developers is also committed to bringing together a vibrant community. “Everything from retail, dining, hospitality, leisure, healthcare, education, jobs and services will be available at The Sustainable City – Yiti. Minimising the need to leave the community and therefore slashing the collective emissions of the community even further,” he comments.

The Sustainable City – Yiti will be home to a sustainable school and nursery, SEE Lab and Institute, an autism centre, two hotels, a wellness centre, an equestrian club, a sports complex, a plaza, and a ‘green’ mosque, to name a few.

“The design of the community aims to enhance residents’ well-being through an expansive urban landscape and green spine that will contribute to biodiversity and improve air quality,” he says.

Shaded sikkas and porous pavements are set to reduce heat islands and create social spaces for neighbours and children to gather. Combined with the car-free spaces around the residential areas, this will enhance walkability and encourage residents to use clean mobility such as bicycles or electric buggies.”

At the end of the day, Habib says residents are at the heart of the communities. “It is invaluable for us to promote a culture of sustainability amongst them. We make sure to regularly engage with them through community events and communication portals, with the aim to maintain the highest quality of life with the lowest emissions. We also actively involve residents in urban farming programs and encourage waste separation at source, to name a few examples,” he emphasises.

A Booming Market for Sustainable Living

Habib firmly believes the project is another sterling example of how the Sustainable City brand has achieved remarkable success across different cities. He points out that the original project in Dubai has been at full occupancy for over four years, with a long waiting list of aspiring residents. Currently in its fourth phase of sales, their development in Sharjah has also achieved strong sales performances and entirely sold out the first two phases. Earlier this year, the groundbreaking of The Sustainable City – Yas Island in Abu Dhabi saw the units entirely sold out within 24 hours of the sales announcement.

Sustainable living solutions are in strong and increasing demand in the region and around the globe, says Habib. He notes, “These achievements are true testaments to the market’s trust in and recognition of SEE Holding’s expertise in delivering high-quality, eco-friendly urban developments.”

Expanding Sustainability Across the GCC Region

For Habib, the developer’s ongoing work is just the beginning of its journey. He explains, “The vision behind The Sustainable City has always been to create a blueprint for future cities. It took over four years of extensive research and in-depth studying of existing sustainable urban development models around the world to come up with an integrated model that encompasses all aspects of sustainability: a concept that is resilient, replicable, and future-proof.”

Habib adds that this is why they partner with like-minded institutions and pioneers as they aim to replicate The Sustainable City model, not only across the GCC region but across continents. He says this is why they have recently consolidated their services, expertise, and portfolio of subsidiaries into SEE Holding. Through this consolidation, Diamond Developers will design, invest in, and build sustainable cities and infrastructures worldwide to amplify their social, environmental, and economic impact.

“Our ambitions are on a global scale. We’re spearheading the way towards a Net Zero emissions future by inspiring, enabling, and empowering partners in the region and around the world to adopt sustainable solutions and embrace knowledge-sharing initiatives. Making a real impact and driving change needs global solidarity, and we can’t do it alone,” he concludes.

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Source: MEConstructionNews