Select-Group-Contract1_1000x600.jpg

January 17, 2023 wicsummit0

Dubai-based real estate developer, Select Group, has awarded construction contracts worth more than US $816.7mn for its projects on Dubai’s Palm Jumeirah and in Business Bay. The developer said the construction contracts cover more than 10m sqft of development.

In a statement, the firm noted that the contracts have been awarded to China State Construction Engineering Corporation Middle East, Engineering Contracting Company (ECC), iBuild Construction, and Al Basti & Muktha.

Rahail Aslam, CEO and founder of Select Group, said that the awards come off the back of a record year in development launches and sales. He explained that the construction contracts are for each of its recently launched projects, and that their awarding was a sign of the developer’s commitment to delivering them in a timely manner, while still surpassing expectations.

Aslam said that iBuild Construction has been awarded the contract for delivering one of Select Group’s most prestigious developments, Six Senses Residences The Palm, Dubai, which is being built on one of the last available plots on the West Crescent of Palm Jumeirah.

In mid July 2022, Select Group acquired The Mere Golf Resort & Spa in the UK.

“Ultra-luxurious projects such as Six Senses Residences The Palm, Dubai bring great minds together. Having sourced the best-in-class partners, such as architects and interior designers, to bring this project to fruition, we’re thrilled to be working with iBUILD Construction LLC and look forward to surpassing buyers’ and investors’ expectations,” he said.

Spread over 1.2m sqft, the Six Senses Residences development comprises of penthouses, duplex Sky Villas, nine Signature Beachfront Villas, a Six Senses Hotel, and Six Senses Place, which is a 60,000sqft premium wellness and leisure facility.

Construction work is well underway, with excavation works completed and shoring in progress, the developer said. The project is on track for its scheduled completion in 2024, it added.

Sameh Fam, Managing Director of iBUILD Construction (Innovo Group) remarked, “We are excited to work on such an iconic project with a key developer like Select Group. We are proud to be the main contractor for the Six Senses Residences The Palm, Dubai project and are committed to delivering operational excellence, playing the role in creating a more sustainable community that will have a myriad of positive impacts. It is a privilege to add this landmark development to our portfolio of hospitality projects and we are looking forward to strengthening our cooperation with Select Group.”

In early August 2022, Select Group and Jumeirah Group partnered to launch a new development in Business Bay.

Aslam added that the developer’s Peninsula master development in Business Bay, was another significant milestone for Select Group in 2022. Four out of six towers were completely sold out during the launch stage, he stated.

Contracts for the individual towers of the waterfront community have been awarded, he continued, and pointed out that works are well underway, with completion of the master community scheduled for 2026.

Al Basti & Muktha LLC (ABM) will be at the forefront of delivering Peninsula Five, The Signature Collection, and the flagship of the development, Jumeirah Living Business Bay, a branded residence design by Killa Design, the mastermind designer behind Museum of the Future.

In addition, China State Construction Engineering Corporation was awarded the Peninsula One and Peninsula Two developments, while most recently, ECC Group was successful in their bid to lead the development of Peninsula Three.

In mid October 2022, Select Group launched the final development at its Peninsula waterfront master community.

“After a successful year of sales for the Peninsula project, our key focus pivots to ensuring that we deliver on our promise both from a product perspective and timeline while adhering to our premium standards and applicable policies.”

Aslam concluded, “Based on their track record and the shared commitment to delivering excellence, we are thrilled to partner with Al Basti & Muktha LLC (ABM), ECC Group and China State Construction Engineering Corporation, as well as sub-consultants and sub-contractors, to bring this landmark development to life.”

The post Select Group awards $816.7mn in contracts for Dubai projects appeared first on Middle East Construction News.

Source: MEConstructionNews


Stephan-Degenhart-web.jpg

January 17, 2023 wicsummit0

Sustainability has been and continues to be a hot topic within the built environment across the globe, given the sector’s significant contribution to greenhouse gas emissions (GHGs). The World Green Building Council (World GBC) states that buildings are currently responsible for 39% of global energy related carbon emissions: 28% from operational emissions, from energy needed to heat, cool and power buildings, and the remaining 11% from materials and construction. As a result, the sector has been under mounting pressure to reduce its impact on the environment.

“In the last 12 months, I have observed a greater emphasis on sustainable development and practices in construction projects. Many governments internationally have implemented regulations that require projects to use renewable materials and adhere to green building standards. Additionally, I have seen a growing trend towards making construction projects more energy efficient, which includes the use of solar panels, efficient lighting, and other technologies,” Stephan Degenhart, Associate Partner of Drees & Sommer, Managing Director of Middle East & Asia Pacific tells Middle East Construction News (MECN).

He adds, “Projects are increasingly taking into account the impact of their construction on the environment and local communities, with an emphasis on reducing pollution and preserving natural resources.”

Unfortunately, Degenhart reckons the built environment still has a way to go before sustainable practices become standard practice. He observes, “Overall, I believe sustainable development practices are very much more front of mind than in previous years, however, we have some way to go before these practices become the norm rather than exceptions.”

In late October 2022, the UNEP cautioned that the lack of progress leaves the world hurtling towards a temperature rise far above the Paris Agreement goal of well below 2C, and preferably 1.5C.

Within the Middle East and, more specifically the GCC, sustainability has been embedded into a number of governments’ long-term plans, as they move forward with their respective vision agendas to diversify their economies away from oil and gas. In October 2021, the UAE announced its Net Zero by 2050 strategic initiative while, in the same month, Saudi Arabia’s Crown Prince announced that the country aims to reach Net Zero by 2060.

In late November 2022, following the conclusion of COP27 which was held in Sharm El-Sheikh, Egypt, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the UAE would host COP28 at EXPO City Dubai. He also stated that the event would be the most important event hosted by the nation in 2023.

Asked about the potential impact COP28 could have on the built environment in the UAE and the broader GCC region, Degenhart responds, “COP28 has the potential to have a significant impact on the built environment in the region, as it brings together world leaders to discuss and develop global policies on climate change. It is likely that there will be an increased focus on sustainable and resilient construction and infrastructure in the region, as well as greater awareness of the need to reduce carbon emissions and protect the environment.”

Discussing his firm’s own sustainability goals and plans for the year, Degenhart is quick to point out that his firm has set ambitious sustainability goals for 2023 and beyond.

In early November 2022, Abu Dhabi environment and energy agencies unveiled a 60% clean electricity plan for the emirate by 2035 and, in early December 2022, JLL’s Louise Collins’ shared her COP27 takeaways and thoughts exclusively with MECN.

“Our plans include developing energy-efficient and green building solutions, promoting resource efficiency and circular economy principles, and contributing to the UN’s Sustainable Development Goals. In addition, we are committed to reducing our own carbon emissions and reducing our environmental footprint through green practices.”

He concludes, “We also aim to increase our involvement in the digital transformation of the built environment, such as the development of smart cities and the use of digital technologies to reduce energy consumption.”

In mid January 2023, the Copernicus Climate Change Service’s (C3S) 2022 Global Climate Highlights report warned that several high temperature records were broken in Europe and across the world, while extreme events such as drought and flooding affected large regions of the world in 2022.

 

The post “COP28 has the potential to have a significant impact on the built environment in the region” appeared first on Middle East Construction News.

Source: MEConstructionNews


LG-x-Khansaheb1_1000x600.jpg

January 17, 2023 wicsummit0

A distribution agreement for the promotion and distribution of LG heating, ventilation and air condition products has been signed by Khansaheb Industries with LG Electronics Global. The deal is expected to bring greater product diversity to UAE businesses and consumers, Khansaheb Industries stated.

The partnership agreement was signed at Khansaheb’s head office in Dubai in the presence of Khansaheb Industries’ Managing Director, Abdulrahman A.  Khansaheb and LG Gulf Electronics Chief Executive Officer, Michael Park.

According to Khansaheb Industries, the agreement will see the firm sell LG’s wide diversity of HVAC products. Those include units with variable refringent flow, direct expansion, air handling units, and chillers.

“This distribution agreement is a clear demonstration of the offering that Khansaheb has in the regional market. We deliver the latest technology in the HVAC space to businesses and consumers, ensuring that the units they have not only fulfil their cooling requirements, but further deliver highly efficient solutions that are sustainable over the long-term,” said Abdulrahman A. Khansaheb, Khansaheb Industries’ Director.

In early July 2022, Varun Malhotra, Senior Consultant at Cundall shared his thoughts on sustainable trends in the HVAC industry.

In its statement, Khansaheb pointed out that it offers a wide diversity of progressive HVAC solutions including Spiralite, which is said to be the world’s first, patented, circular and flat oval insulated AC air duct that is energy efficient and lightweight, while also being robust, with optimal airflow and thermal performance.

Khansaheb added, “Khansaheb continues to operate at the cutting edge of the HVAC industry with our product, Spiralite. Uniquely circular, Spiralite offers key advantages over traditional metal ducts: it is lighter, offers better thermal performance, reduces areas for bacteria growth, and delivers sustainability benefits. LG’s suite of advanced products will sit well alongside Khansaheb’s own Spiralite offering.”

The partnership between Khansaheb Industries and LG will deliver highly efficient and sustainable cooling solutions that provide customers with the highest indoor air quality and optimal AC performance at the lowest operating cost. Khansaheb Industries and LG Electronics also both focus on ensuring reliable on-time delivery and continuous optimization of their products and services, the firm clarified.

Michael Park, LG CEO, B2B – MEA Region remarked, “We are proud to announce LG’s partnership with Khansaheb, who will work closely with us as a distribution partner to provide our customers with the market-leading HVAC solutions. We are confident that our collaboration will lead to many fruitful projects that will deliver the best value to our clients in the UAE.”

In mid August 2022, a Taqeef survey revealed that 47% of UAE residents said they aimed to make their homes as sustainable as possible.

The agreement is said to be part of Khansaheb Industries’ business objective of strengthening its HVAC portfolio of solutions, while also offering complete air conditioning solutions and expanding its presence across the Middle East.

Khansaheb Industries will service a wide customer base of MEP contractors, owners, developers, and operators as well as consultants undertaking refurbishment and retrofitting works, it pointed out.

The HVAC solutions have a wide range of applications in the residential and commercial segment including residential and commercial buildings on mainland or offshore, as well as schools, universities, commercial and retail, hospitality, and healthcare segments, as well as large infrastructure facilities such as industrial plants, airports, and hydro farms, the firm concluded.

In early December 2022, Voltas said it would provide HVAC services for the Jubail 3B IWP in Saudi Arabia.

The post Khansaheb Industries expands HVAC offering with distribution deal with LG Electronics appeared first on Middle East Construction News.

Source: MEConstructionNews


Precast-Concrete_1000x600.jpg

January 17, 2023 wicsummit0

The American Concrete Institute (ACI) has announced PRO, which is billed as a ACI Centre of Excellence for advancing the concrete industry’s productivity.

Commenting on the facility, the firm said that PRO will collaborate with designers, materials suppliers, and contractors to identify and resolve issues that negatively impact productivity in concrete construction, and will act as a catalyst for solving the barriers of constructability to advance concrete construction productivity.

“The concrete contractor’s input on design details, specifications, and material criteria that embraces the construction process is long overdue. Improving construction productivity through concrete design is the key to unlocking project value. I’m very excited to participate as the industry collaborates with a single focus to improve concrete construction productivity,” said Phil Diekemper, Executive Director at PRO.

Located at the ACI Headquarters in Farmington Hills, MI, in the United States, the centre aims to optimise labor and time against materials by improving structural design and construction processes through a collaborative approach with designers, material suppliers, builders, and industry stakeholders, the ACI remarked.

In mid July 2022, NEx and ExxonMobil to advance the development of nonmetallic building materials and, in early December 2022, VTT said its electric kiln advanced environmentally friendly cement and paper production.

It added that initial areas of focus for PRO include industry collaboration efforts, identification of productivity obstacles and solutions, constructable design resources, automation, technology validation, interaction with ACI committees, and more. Managed by ACI, the centre will draw from the institute’s technical and administrative support services, with funding provided by sponsors.

Initial staffing for the centre comprises an Executive Director supported by ACI technical experts, the firm clarified.

PRO and its future sponsors aim to advance new technologies and processes that improve productivity beyond historic levels, the firm concluded.

To learn more about PRO and to get involved, visit concreteproductivity.org.

In early January 2023, Middle East Construction News spoke to Partanna Founder Rick Fox about his firm’s new cement alternative, which is said to minimise carbon emissions and remove carbon from the atmosphere.

The post ACI establishes new centre of excellence for concrete industry productivity appeared first on Middle East Construction News.

Source: MEConstructionNews


Digital-Construction4_1000x600.jpg

January 17, 2023 wicsummit0

A two-city summit (Dubai and Riyadh) focusing on the enhancement of the Digital Maturity Index (DMI) in regional AEC firms has been announced by digital solutions and services firm Omnix. The firm says its Omnix Digital Summit 2023 will present the latest research, trends and best practices relating to the AEC industry’s DMI, and will generate though-provoking conversations and fresh approaches to tackle challenging issues.

Industry 4.0 digital transformation is beginning to pervade the built environment in the region, and can offer significant benefits when implemented and used correctly, the firm explained. Integrating new technologies and processes is a big step for most companies, which is why some organisations are more open and prepared for the transformation than others.

This is why Digital Maturity Index (DMI) is crucial – it is a standardised method of measuring a company’s readiness to take on digital transformation, the company added.

“Many AEC companies within the region have embraced digital transformation in recent years, driven by the need to deliver complex projects on time and budget, while complying with ever stricter government regulations and maintaining margins despite challenging market dynamics. However, there are many firms that have yet to kick off their digital transformation journeys or are at a nascent stage and may even be facing significant challenges,” stated Simran Bagga, Vice President of Omnix Engineering and Foundation Technologies.

Big Project Middle East is hosting its inaugural ME Digital Construction Awards on 15 March 2023; regional consultants and contractors can now submit nominations across a wide range of categories here.

She continued, “This is where DMI can make a difference as a company’s digital maturity score can highlight existing strengths they can leverage and which weaknesses they must overcome in order to take full advantage of Industry 4.0 digital transformation.”

The first leg of the Omnix Digital Summit is scheduled to take place in the UAE on 18 January 2023 at The H Hotel Dubai, while the Saudi Arabia event will take place on 6 February 2023 at the Hilton Garden Inn & Double Tree By Hilton Financial District in Riyadh, Omnix said.

It added that the event is open to industry professionals and will bring together a number of regional veterans to participate in insightful panel discussions including Mahmoud Adly, BIM Administrator at Abu Dhabi City Municipality; Prakash Senghani, CEO and Co-Founder of Navatech Group as event chair; Evgenia Maksimova Manager, Cloud Sales at EMEA Emerging and Sorin Bularca- Technical Sales Specialist AEC at Autodesk; Muhammad El Kaloush, Senior Channel Manager UKI for the Middle East and Africa at Bluebeam, Ahmed Khalil, Regional Director EMEA from SAEFUEM  and others.

“A full understanding of the digital maturity framework can help AEC companies plan their digital transformation journeys in a more organised and efficient way. Through the Omnix Digital Summit 2023 in the UAE and Saudi Arabia, Omnix Engineering will raise awareness about enhancing the DMI in the AEC industry,” concluded Bagga.

In late November 2022, Omnix and viAct inked a deal to increase digitalisation and safety in the AEC and O&G sectors and, in late December 2022, Omnix and IMSCAD signed a deal to bring VDI environments to AEC firms.

The post Omnix to enhance Digital Maturity Index within regional AEC firms appeared first on Middle East Construction News.

Source: MEConstructionNews


Emaar-The-Viewing-Point1_1000x600.jpg

January 17, 2023 wicsummit0

Emaar has announced the launch of its new walkway, The Viewing Point, at Dubai Creek Harbour, a 70m structure spanning out over Dubai Creek that offers visitors spectacular views toward Downtown Dubai and back inland.

In a statement, Emaar said the structure is a key part of the Dubai Creek Harbour masterplan and has been designed to blend in seamlessly with its surroundings. Standing 11.65m above the water level, the structure is a 26m-long cantilever that projects out over the water, providing unobstructed views across the creek.

“It’s positioning at the end of one of the area’s most populated pedestrian walkways will ensure significant footfall to one of the city’s most creative structures and one which will allow time for stunning photography and videos clips – it is perfect for anyone looking for that idyllic Instagram post, whether you are an in-demand influencer or someone who simply loves snapping on a phone,” said a company spokesman.

In mid August 2022, Emaar said it was buying out Dubai Holding’s stake in Dubai Creek Harbour for $2.04bn and, in mid September 2022, Emaar investors approved the Dubai Creek Harbour acquisition.

The structure’s design has already proved a talking point with residents and visitors alike and is perfect for friends and families to gather and take in the beautiful surrounds or bask in the sensational sunsets to be enjoyed from Dubai’s newest vantage point, he elaborated.

The design and build of the bridge have been executed using a painted steel to give its final effect and the unique overall appearance of this one-of-a-kind architectural piece, he concluded.

The Viewing Point is an extension of the Grand Creek Harbour development and access to it is free.

In mid November 2022, Emaar Development said it recorded its highest-ever property sales of $6.31bn in the first three quarters of 2022.

The post Emaar launches new walkway at Dubai Creek Harbour appeared first on Middle East Construction News.

Source: MEConstructionNews


MAG-Mansion1_1000x600.jpg

January 16, 2023 wicsummit0

Following the successful launch of eight of the 12 mansions at The Ritz-Carlton Residences, Creekside, Dubai developer MAG has announced the release of the remaining four Sky mansions onto the market, each valued at US $54.4mn.

The initial launch of the mansions at the Ritz-Carlton Residences, Dubai Creekside took place in early November 2022.

The newly-announced mansions have four levels (Basement + G + 2), featuring eight bedroom suites, a majlis, a media room, a lounge, living and family rooms, dining spaces, and a personal office.

Each mansion, outfitted with cutting-edge home automation and security systems, also has a premium spa, private wellness facilities, a state-of-the-art gym, as well as a home cinema, the developer explained.

In late October 2022, Mukesh Ambani purchased Dubai’s most expensive villa for $163mn.

On the sales launch, Senior Executive Vice Chairman Talal Moafaq Al Gaddah said: “The unveiling of the Sky mansions further heightens our overall enthusiasm, as we are thrilled with the response to our launches of the Earth and Water mansions. The project has been designed in response to strong demand and project sales. The careful planning that went into creating the mansions, symbolising intellect, creativity and new beginnings, also considers the elements of nature embodied in the Sky theme. The Ritz-Carlton Residences, Dubai, Creekside project reflects MAG’s ongoing efforts to provide an immersive wellness-luxury lifestyle across Dubai by taking a comprehensive approach to offering top-notch amenities within residences and meeting the current aesthetic standards of residents.”

According to MAG, the exterior and interior designs of the mansions reflect the natural elements of the sky, giving residents unique experiences of the outdoor world.

The Sky mansions’ interiors have elegant and light-filled areas complemented by unique, custom-made designer furnishings. The residences are differentiated by a high aesthetic value, using only hand-selected premium materials from artisans worldwide to offer a long-lasting, exquisite experience, the developer concluded.

In mid November 2022, LUXHABITAT Sotheby’s International Realty said it completed the $39.5mn sale of a villa on the Palm Jumeirah in Dubai.

The post MAG launches four ultra-luxury Dubai mansions appeared first on Middle East Construction News.

Source: MEConstructionNews


EGA-Aluminium-Recycling1_1000x600.jpg

January 16, 2023 wicsummit0

The Aluminium Recycling Coalition has been launched by Emirates Global Aluminium (EGA). The coalition was launched at EGA’s facility in Al Taweelah in the presence of His Excellency Abdullah Bin Touq Al Marri, UAE Minister of Economy, and Her Excellency Mariam bint Mohammed Saeed Hareb Almheiri, UAE Minister of Climate Change and Environment.

Members of the coalition include EGA, Abu Dhabi Waste Management Company (Tadweer), Aujan Coca-Cola Beverages Company, Coca-Cola Al Ahlia Beverages Company, BEEAH Tandeef, Pepsi-bottler Dubai Refreshment, CANPACK, Crown Bevcan EMEA, DULSCO Group and Veolia.

“The Aluminium Recycling Coalition is led by Emirates Global Aluminium, the biggest ‘premium aluminium’ producer in the world and the heart of the broader aluminium sector in the UAE, which generates over US $5bn annually in the national economy. It will enhance the UAE’s position as a global leader in international efforts towards green development, support our 2031 goals on the circular economy, and contribute to building a knowledge-based economy that is more resilient and competitive,” said Al Marri.

EGA said the initiative aims to drive a step-change in aluminium recycling in the UAE and will promote aluminium recycling by UAE consumers, particularly beverage cans – as millions of individual decisions every day on which bin to use drive collection rates.

In late December 2021, EGA pays off Al Taweelah project finance facilities early.

Aluminium plays an essential role in the development of a more sustainable society. The metal’s properties are ideal to make everything from packaging to lightweight electric vehicles, and aluminium is infinitely-recyclable. Around the world, aluminium is the most-recycled material, with more than three-quarters of the aluminium ever made still in use today, the firm explained.

As its first project, the coalition will support a study by the International Aluminium Institute on aluminium recycling rates and behaviours in the UAE, in a bid to understand the scale of the opportunity and potential solutions. The International Aluminium Institute is the global trade association for the aluminium industry, and are conducting similar studies around the world, it added.

The coalition also expects to provide support to Government on aluminium recycling regulation and policies, and to work together to further the development of aluminium recycling infrastructure.

Almheiri stated, “Aluminium demand is expected to grow worldwide by between 50% and 80% by 2050, because of the key role of this infinitely recyclable material in achieving Net Zero. Cooperation throughout the value chain, such as the Aluminium Recycling Coalition, will speed the decarbonisation of our economy in line with the Net Zero by 2050 Strategic Initiative. I wish EGA and the other members of the Aluminium Recycling Coalition every success in their collective endeavour.”

In early February 2022, EGA announced plans to build a 150,000 tonnes per year aluminium recycling facility.

His Excellency Ali Al Dhaheri, CEO of Abu Dhabi Waste Management Centre (Tadweer) noted, “We are delighted to be a partner of the Aluminium Recycling Coalition founded by EGA, and are excited to usher in the next era of aluminium recycling in the UAE through concentrated efforts. Recycling and circular economy are both key pillars of our country’s ambition towards prosperity. For us at Tadweer, this is also part of our commitment to support national platforms that support sustainability and raise awareness on the importance of recycling in the UAE.”

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium concluded, “Recyclability is one reason aluminium is so important for human progress, but every day as a society we throw too much of this valuable metal away. By championing the Aluminium Recycling Coalition, EGA aims to increase aluminium recycling rates in the UAE to the benefit of our society and economy. I thank all our partners for joining us in this initiative.”

In late December 2022, EGA said it would supply CelestiAL solar aluminium to Kobe Steel.

The post Emirates Global Aluminium announces Aluminium Recycling Coalition appeared first on Middle East Construction News.

Source: MEConstructionNews


Diyar-Al-Muharraq-Infrastructure_1000x600.jpg

January 16, 2023 wicsummit0

Bahrain-based developer Diyar Al Muharraq has said that it has begun secondary infrastructure works for the key B3 residential building plots within its integrated city project in the Kingdom.

In a statement, the developer said the B3 project consists of 38 housing plots, with sizes ranging from 454sqm to 979sqm. The development offers an array of benefits and features in line with its strategic location and proximity to Diyar Al Muharraq’s main entrance, Marassi Al Bahrain, and Al Naseem, making it an ideal investment opportunity, the statement continued.

Furthermore, the community will offer close access to hotels, mosques, community centres, stores, and malls, it added.

Work will begin later in January 2023 and will continue through to Q3 2023. Jahecon has been appointed as the main contractor, and AECOM, as the designer and supervisor, the firm stated.

In late September 2022, Diyar Al Muharraq said it completed secondary infrastructure works at Mozoon and, in early October 2022, the cancellation of the Flexi Permit system was welcomed by the Bahrain Contractors Society.

CEO Engineer Ahmed Ali Alammadi said: “We are pleased to announce the start of secondary infrastructure works on our B3 plots, with an expected completion date during the third quarter. The landmark project will provide potential owners with plots that meet all their needs and requirements.”

“At Diyar Al Muharraq, we maintain the highest quality standards on all blueprints and projects within the Masterplan. We also aim to offer a wide and extensive range of residential and commercial investment opportunities,” he noted.

Alammadi stated that the scope of work for the secondary infrastructure works include construction of the inner road, as well as key services such as road lighting, sewage and rainwater networks, electricity and water networks, as well as setting up of telecommunications networks in partnership with BNET.

The development is a modern-day, urban city in Bahrain. It aims to offer residents and investors a luxury lifestyle, while offering the feel of a local community with traditional family values. There will be a mix of residential and commercial facilities across the development, creating a wide mix of investment opportunities, Diyar Al Muharraq concluded.

In late November 2022, Bahrain said it would invest $312mn into new education facilities by 2030.

The post Secondary infrastructure works begin at key plots in Diyar Al Muharraq appeared first on Middle East Construction News.

Source: MEConstructionNews


Infiniti-by-Adjan1_1000x600.jpg

January 16, 2023 wicsummit0

Saudi-based developer Ajdan has unveiled its latest destination – Infiniti by Ajdan – which will occupy a total land area of 45,510sqm on Al Khobar’s eastern coast.

According to the firm, the integrated mixed-use landmark project will comprise more than 480 residential units in three high rise towers of 35-, 40- and 45-stories respectively, flanked by 20,000sqm of retail, food and beverage, and other mixed-use space.

Ajdan said it has commissioned a world renowned international architectural studio as lead architects for the project, in order to provide outstanding standards of design and delivery.

With stunning views of the Arabian Gulf, Infiniti promises to be a timeless destination embodying Ajdan’s vision for an upscale, 360-degrees lifestyle experience, it stated.

In early October 2022, HRH Mohammed bin Salman launches Saudi Downtown Company to develop areas in 12 cities and, later in the month, Ajdan said it would develop the $66.5mn Bayfront on Al-Khobar Corniche.

Ajdan CEO Mohammed Abdulmohsen Al Otaibi said the project represents the culmination of the Saudi developer’s design-first vision, “Ajdan’s aim to transform people’s lifestyle and mindset toward a more open society will help drive the investment inwards in Saudi Arabia, especially in terms of entertainment and tourism growth. This project will be the Eastern Province’s foremost, premium mixed development.”

He elaborated, “This stunning destination carries the name Infiniti, which is derived from the spectacular pools integrated in the development’s design – acting as a connective tissue across the foot of the three towers – giving the space an infinite, captivating feel.”

The retail development will include a luxury shopping boulevard, as well as fine dining and premium casual concepts, and is set to attract leading national and international brands. Ultimately, it will be both a home for locals and expats, as well as helping cement the Eastern Province as a destination for visitors from across Saudi Arabia and the GCC, the statement concluded.

In late November 2022, PIF subsidiary SEVEN said it would invest $13.3bn into 21 integrated entertainment destinations in KSA.

The post Ajdan launches exclusive mixed-use project in Al Khobar appeared first on Middle East Construction News.

Source: MEConstructionNews