Red Sea Global (RSG) has opened its first mangrove nursery, which will support the developer’s goal to plant 50m mangrove trees by 2030. The initiative is said to closely align with the national objectives of the Saudi Green Initiative and RSG’s commitment to conserving and revitalising the Kingdom’s Red Sea coast, underpinned by an overarching ambition to deliver a 30% net conservation benefit by 2040.

The seedlings will be cared for in the nursery for approximately eight months until they grow to 80cm, at which point they will be carefully transplanted in designated mangrove parks within the destination. RSG’s experts chose to cultivate native mangrove species to increase the chances of survival, such as the Rhizophora Mucronate (red mangrove) and the Avicenna Marina (gray mangrove), the statement noted.

“We hold the utmost respect for the environment in which we operate and recognise it as our most valuable asset. It is our shared obligation to not only safeguard it but also proactively enhance it wherever possible. The successful opening of our Mangrove Nursery is a testament to that unyielding dedication to the preservation and rejuvenation of the Red Sea coastline,” said John Pagano, Group CEO at Red Sea Global.

He added, “While we will continue to explore novel approaches, embrace cutting-edge methodologies, and utilise innovative technology, often nature already provides the greatest solutions. The power of mangrove forests to store carbon, to manage flooding and stabilise coastlines, and to provide shelter for fish and other organisms, makes them one of nature’s super ecosystems. Our Mangrove Nursery will increase numbers of mangroves and boost biodiversity, ensuring we reach the environmental ambitions we have set ourselves.”

Raed Albasseet, Group Chief Environment and Sustainability Officer at RSG added, “The establishment of a sustainable mangrove ecosystem is a key part of our commitment to protect and enhance the natural environment of our destination. These trees are among the most efficient tools we have for carbon sequestration, with the capacity to absorb up to 5-10 times more carbon than other plants. Coupled with the positive impact on biodiversity, the successful cultivation of seedlings forms a central pillar in our ambition to achieve a 30% net conservation benefit across our destinations. I speak for the entire team when I express my pride in reaching this milestone moment for our organisation.”

Mangrove nurseries must also be protected from natural threats in their own habitats such as storms, extreme high tides, grazing animals, and algae that feed on them. RSG has implemented the highest measures of protection for the nursery to minimize any harm to the seedlings. The dedicated mangrove parks will soon form part of the guest experience, being open for visitors to explore and learn more about the important role they play in natural ecosystems, the developer stated.

Tarik Alabbasi, Environmental Programs Director at RSG remarked, “The process of the cultivation and transplantation of mangrove trees is highly technical requiring significant planning and proficiency. Since mangrove forests require water to survive, nurseries are typically located near a source of water within the intertidal zone to ensure the optimal growth of the seedlings. We need to carefully track the tide cycles to find periods of low tide in addition to consistently monitoring the weather to avoid windy days.”

The establishment of the mangrove nursery is the latest initiative launched by RSG to protect and enhance key habitats crucial to biodiversity. Previous projects include the first-ever successful transplantation of native Doum Palm Trees, achieved earlier this year, and the establishment of pioneering floating coral nurseries to help expand the region’s coral reefs. The group also regularly conducts environmental surveys of wildlife ecosystems to track impacts and improvements, to optimize its approach, and ensure it reaches its regenerative goals, the statement outlined.

The Red Sea destination is on track to welcome its first guests this year, when the international airport and the first hotels will open. Amaala will be opened to visitors soon after in 2024, the developer concluded.

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Samana Developers has launched its US $58.53m ‘California’ residential project in Al Furjan, a project headed by master developer Nakheel Properties.

The developer said it has a target to launch 12 projects by the end of 2023, and the G+P+10+Roof California is the sixth project launched by the developer in H1 2023. The new residences are inspired by the vibrant lifestyle of the state of California, a lifestyle reflected in every aspect of the design, features and amenities. The project has already seen strong commercial appeal, being 90% sold out within a few days of the launch.

The project spans 254,000sqft, offering 178 apartments. The units include 60 studio apartments with private pools, 76 one-bedroom apartments with private pools, 32 two-bedroom apartments, and 10 two-bedroom duplex apartments.  The project is scheduled for handover in December 2025.

“Samana’s new concepts and the designs inspired by the resorts and islands are picked up well by property buyers, especially from Europe and the UK who account for 50% of the investors of Samana Developers. In addition, other key contributors that are helping boost Dubai real estate transactions are the 10-year UAE residency, fast recovery from the Covid-19 pandemic, the success of Expo 2020 and the UAE winning the hosting rights for the COP28, the United Nations Climate Change Conference,” explained Samana Developers’ CEO, Imran Farooq.

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The real GDP of Saudi Arabia grew by 1.1% in the second quarter of 2023, compared to the same period last year, according to the General Authority for Statistics (GASTAT).

Meanwhile, ‘snapshot’ estimates for the GDP in Q2 2023, issued in the report by GASTAT, showed a 5.5% increase in non-oil activities in Q2 of this year over the same period last year.

GASTAT is the only official reference for statistical data and information in Saudi Arabia; it carries out all statistical work, as well as the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and researches, analyses data and information,

These figures are highly significant in that they reveal the growing importance of the non-oil sector in Saudi Arabia, as the Kingdom massively diversifies the economy via a series of government initiatives – placing far greater emphasis on its construction and enterprise sectors. This is borne out by further data from the GASTAT report, which shows the kingdom witnessed a 4.2% decrease in oil activities in Q2 2023 as compared to Q2 2022.

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Work on Kuwait’s Al Khiran Mall have been completed according to SSH. The firm notes that the mall is being developed by the Tamdeen Group in the heart of Sabah Al Ahmad Sea City, and is the country’s first hybrid leisure and lifestyle destination.

Located in the marina, the 750m-long, two-storey mall is said to offer visitors a luxurious setting, blending shopping and leisure with picturesque waterfront views and a refreshing sea breeze. The enchanting Pearl area features a beautifully landscaped exterior, providing a relaxing oasis of greenery, SSH said in its statement.

With 300 retail stores, shoppers are spoiled for choice, while the stunning shopping complex houses renowned brands to fulfil every desire, it added.

“Captivating plazas, family entertainment options, and a unique internal landscape further elevate the mall’s allure. Al Khiran Mall is not just a mall; it is an immersive experience that captures the essence of leisure, lifestyle, and luxury. SSH is proud to have worked with Tamdeen Group to deliver construction supervision and project management services for this new leisure and lifestyle destination, establishing Al Khiran Mall as one of the new hotspots in Kuwait,” said a spokesperson.

Situated within the Al Khiran mixed-use development, the mall’s design showcases brilliance, from the glazed skylight roofing system that floods the interior with natural light to the striking perforated metal screens that create a symphony of light and shadow, the statement concluded.

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Unique Properties says that it has observed “an unprecedented surge in Dubai’s real estate sector”, with 60,440 sales transactions worth $48.2bn being recorded during the first half of the year.

The value of real estate sales recorded in the first six months of the year is said to exceed the annual sales value recorded each year in Dubai from 2009 to 2021, while also showcasing a 46.71% jump for the residential property market and 30% for the commercial sector when compared to the same period last year, the firm said.

During the period, the firm notes that Dubai has witnessed the largest real estate sales deals in its history with transactions, including a land sale covering an area of approximately 203m sqft in the adjacent Maktoum International Airport area, valued at $1.03bn. The firm pointed out that the most expensive apartment sale ever was recorded in the Bulgari Residences project on Jumeirah Bay Island at $111.6mn.

“Dubai keeps on paving the way for everyone and proving to the world that it is a top destination when it comes to both its residential and commercial sectors. Whether it is expatriates who are looking to enter the market for strong business opportunities or high net worth individuals (HNWIs) wanting to experience the luxury lifestyle that Dubai has to offer, the city is always committed to providing a multitude of benefits that cater to everyone’s needs, coupled with the UAE government’s initiatives to further strengthening the sector. A strong Golden Visa program, real estate regulations that safeguard investors’ interests, full business ownership incentives are just some additional factors to ensure that the sector will always maintain its prosperity, while continuing to attract more expatriates into the UAE,” stated Arash Jalili, Founder and Chief Executive Officer of Unique Properties.

The firm also said that Dubai has witnessed a strong surge in its residential market. According to ‘Savills World Cities Prime Residential Index,’ the emirate ranks as the best city in the world when it comes to the price growth for luxury homes.

While prices globally experienced the slowest annual growth since December 2020, Asia-Pacific cities experienced the strongest luxury price growth in the first half of the year; Dubai led the way with an 11.2% increase in luxury home prices, further solidifying its position as one of the top destinations in the world for expatriates to visit and live in, surpassing London, New York and Paris as the world’s leading luxury property market, the statement concluded.

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Saudi-based Integrated Telecom Company (Salam) has signed a deal with Khazzan Information Technology (Edgnex Data Centers), Cinturion Corp, and Emaar, The Economic City (EEC) to explore opportunities in the field of telecom and digital infrastructure.

A fully licensed fixed, mobile, data and voice services provider owning telecommunications infrastructure across Saudi Arabia, Salam said it aims to create an integrated digital hub that enables multi-services to all targeted customers national and globally, and all from one place: King Abdullah Economic City (KAEC).

The companies sealed the strategic MoU in the field of telecom & digital infrastructure whilst contributing to the Saudi 2030 Telecommunication Transformation Vision led by Ministry of Communication and Information Technology (MCIT).

Salam said the parties have identified a common interest in exploring the opportunity to develop a digital infrastructure hub that will include initiatives such as an international submarine cable project, data centers, fibre infrastructure, cloud, and Internet, among others, and building a seamless and innovative digital experience in KAEC – which aims to become an intelligent, national city.

KAEC Chief Executive, Cyril Piaia, said its partnership with Salam, Edgnex Data Centers and Cinturion was another step towards making KAEC one of the world’s leading digital hubs.

“This collaboration will greatly contribute to our city’s reputation as a vision ready platform, making KAEC an ideal destination for the latest and greatest up-to-date digital infrastructure technology. It reinforces our commitment to continuing the city’s growth in its role as an ultramodern ecosystem that has all the ingredients of a national economic enabler,” he concluded.

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Dubai’s Department of Economy and Tourism (DET) has launched the ‘Dubai Sustainable Tourism Stamp’, a new sustainability initiative that seeks to recognise hotels with the highest adherence to DET’s 19 ‘Sustainability Requirements’.

The initiative, launched in line with the UAE Year of Sustainability, is part of DET’s commitment to strengthening Dubai’s position as a leading sustainable tourism destination.

Developed in collaboration with Dubai’s hospitality sector, the new stamp is designed to accelerate efforts towards empowering the tourism sector to achieve its sustainability goals and support the UAE’s NetZero 2050 initiative. As Dubai continually strives to achieve the objectives outlined in the Dubai Economic Agenda, D33, the initiative will contribute to further consolidating the city’s status as one of the top three global destinations.

The Dubai Sustainable Tourism Stamp will serve as a validation of the hotel’s dedication to sustainability and showcase its sustainable practices. To obtain the stamp, hotels of all classifications must meet the highest standards of DET’s 19 Sustainability requirements, which include criteria such as energy and water efficiency, waste management programmes, and staff education and engagement initiatives. The accreditation process will be overseen by a committee of senior industry professionals to ensure integrity and independence, with the initiative designed based on global best practices.

The stamp will feature a three-tier scheme with the categories Gold, Silver and Bronze. Nominations for hotel establishments to obtain the Dubai Sustainable Tourism Stamp will begin on 3^rd August and end on 31^st August.

Yousuf Lootah, Acting CEO of Corporate Strategy and Performance sector, Dubai’s Department of Economy and Tourism, stated: “As part of our efforts to transform Dubai into a leading sustainable tourism destination in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make our city the best place in the world to visit, live and work in, the Dubai Sustainable Tourism Stamp champions sustainable practices while setting a benchmark for excellence in environmental stewardship, aligned with the goals of the Dubai Economic Agenda 2033. We have carefully curated a set of high standard criteria that will reward hotels that go ‘above and beyond’ in their sustainable practices. By recognising these exemplary establishments, we are encouraging others to follow suit and embrace sustainable initiatives that not only benefit their businesses but also contribute to the collective well-being of our city and the world at large.

“Supported by Dubai’s vibrant hotel industry, this initiative is a strategic step towards achieving our goal of making Dubai a leading destination for global travellers seeking the ultimate sustainability experience. By supporting businesses and encouraging them to adopt eco-friendly practices and reducing their carbon footprint, we are not only safeguarding the environment but also promoting sustainable growth.”

As Dubai prepares to host the 28th Conference of the Parties (COP28), the UN Climate Change Conference from 30^th November to 12^th December this year, the launch of the Dubai Sustainable Tourism Stamp also demonstrates the tourism industry’s foresight and determination to foster an eco-friendly sector that is both economically prosperous and environmentally responsible.

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Khalifa Economic Zones Abu Dhabi (Kezad Group), the largest operator of integrated and purpose-built economic zones in the UAE, has commenced the upgrade and revamp of the road network and facilities across an area of 40,000 sq. m. in Kezad Musaffah (ICAD 1).

The AED55m ($14.97 million) project includes repairs and tarmac recarpeting of 23 km of roads within Kezad Musaffah (ICAD 1), as well as widening of junctions, enhanced road markings and lighting, in addition to hard landscaping and provision of new bus stops.

The enhancements are aimed at significantly improving the flow of traffic and facilitating the movement of goods to and from the area. The project is being executed in coordination with relevant government agencies such as the Abu Dhabi City Municipality and Integrated Transport Centre, among others, as well as the businesses operating in the area – to ensure the smoothest possible workflow at an accelerated pace.

The project is also planned to be completed in phases, so as to avoid causing organisational or movement challenges to businesses operating in the area.

Mohamed Al Khadar Al Ahmed, CEO Khalifa Economic Zones Abu Dhabi – Kezad Group, said: “Kezad Group is continually looking for ways to improve the business experience of our clients. By improving our road network systems and facilities in Mussafah, we are providing our existing clients faster and more efficient world-class connectivity, in addition to sustainable and high-quality infrastructure with global standards, that meets their requirements, in line with the vision of the wise leadership. The upgradation of the vital industrial area in Kezad Musaffah (ICAD 1) will go a long way in reinforcing Abu Dhabi’s position as an advanced economic and industrial hub, which plays a key role in the development of the emirate’s economy.”

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Deyaar Development has begun construction on its three plots in Al Furjan comprising of Millennium Talia Residences, Amalia Residences, and development of a third plot which will be announced soon.

The total value of the project will be approximately AED 300 million, and once completed, the three plots will comprise residential units and hotel apartments and will include approximately 371 diverse units consisting of one, two and three bedrooms.

“We are pleased to announce the commencement of construction works for these important projects in the Deyaar portfolio at the heart of Al Furjan, one of Dubai’s most up-and-coming districts,” said Ayman Al Hammadi, SVP – Development at Deyaar.

“The start of construction for a project of this magnitude is always an essential milestone, as we seek to engage reputed parties with a proven track record in delivering projects on time and to the highest standards. This vital step reflects our steadfast commitment to delivering world-class quality and on-time completion for these three projects in Al Furjan. As with all our projects, we will provide our investors with construction updates and keep them posted on the key milestones of Millennium Talia Residences and Amalia Residences as they unfold.”

Millennium Talia Residences will feature exquisitely designed and elegantly furnished hotel apartments operated by Millennium Hotels & Resorts. Strategically situated at a convenient location in Al Furjan, one of Dubai’s most popular and vibrant districts, Millennium Talia Residences is poised to set a new standard of hospitality living within the community. The project will be the fourth property managed by Millennium Hotels & Resorts under Deyaar’s extensive portfolio, following Millennium Atria Business Bay, Millennium Mont Rose at Dubai Science Park and Millennium Al Barsha.

Amalia Residences will offer a variety of modern and spacious residential units suitable for families, consisting of one, two and three bedrooms. The project will provide a wide range of amenities for residents, including swimming pool, children’s pool, play area, and gym.

The project’s location between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road offers convenient access to public transportation, Dubai’s business districts and major tourist attractions. Al Furjan is seamlessly connected to some of Dubai’s best-known malls, education and healthcare facilities, entertainment hubs, beaches, parks and more.

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