uae mega projects

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13-May-14 2:59//uaemegaprojects.blogspot.ae/

S U N D A Y , M A Y 1 1 , 2 0 1 4

Mega Projects Could Cost More Than Expected

With more than $2.5 trillion worth of projects in prospect in theyears to 2030, the GCC is set to enjoy one of the greatest

construction booms the world has ever seen.

But there are risks as well as rich prizes for those bidding for major

projects in the region, says Anthony Holmes, director of the UKs

Institute for Infrastructure Studies and an internationally recognized

authority on the economic impact of Mega Projects.

The chances of there being problems with the regions Mega Project

program are enormous, Holmes says. Elsewhere in the world,

these projects tend to go 40-80 percent over budget. International

experience has also shown that big projects dont get delivered on

time.

Whats happening in the Middle East region to suggest the outcome

will be different? says Holmes. There is nothing. It is all being done

in the same way. This could mean that the project program in Qatar

alone is going to cost at least $80bn more than budgeted.

MEED(Middle East Economics Digest) estimates that at least 150

projects each worth a minimum of $1bn are due to be completed in

the GCC by 2030. Their combined value is estimated at close to $

900bn, more than one-third of the value of all projects under way at

present or planned in the region.

Details of some of these Mega Projects will be comprehensively

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Covers The Incredible Mega Projects Being Developed In The United Arab Emirates: Dubai, Abu Dhabi,

Sharjah, Ras Al Khaimah, Ajman, Fujairah And Umm Al Quwain. Also Covering: Bahrain, Qatar, Oman,

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discussed at the forthcoming Arabian World Construction Summit

(AWCS) on May 12-14, 2014 in the Sofitel Hotel Palm Jumeirah,

Dubai. During the conference, local and international experts will

also discuss project opportunities and challenges throughout the Arab

world, with rising costs as one of the most important factors that

could impact on completion and delivery of Mega Projects.

What is clear is that theres an enormous concentration of planned

project activity in the region, Holmes says. You have to think

about the material needed to execute all that work. There doesnt

seem to be sufficient work done on quantifying the needs in the years

to 2030.

The rise in costs may be something that Qatar can absorb, but

competition for building material, equipment and talent will have an

impact on poorer nations in the region.

If you look at places like Turkey and Egypt, you see that they wont

be able to do the things they want, says Holmes. Resources are

going to be diverted to Qatar and other GCC markets.

GCC countries also dont have to go to the international capital

market, says Holmes. But others in the region like Egypt, Oman

and Turkey will have to. So even if GCC countries can afford the

additional costs, there will be regional implications.

Holmes, an economist and former investment banker, will moderate

the infrastructure Mega Project development Masterclass during the

Arabian World Construction Summit. He will also participate in the

conference as an expert panelist.

At the AWCS, Holmes will highlight the risks facing all those involved

with delivering Mega Projects. But his focus will be identifying

actionable solutions.

What can be done is better co-ordination, particularly in

information, he says. You cant make decisions about material

resources unless you have information. We need someone toestablish a non-partisan body and capture data about future trends in

the regional projects market. And there needs to be a regional

investment bank that looks only at infrastructure projects.

Adding to Holmes comment on the importance of capturing hard

data about future trends, Alistair Kirk, industry expert and Middle

East Head of Infrastructure at EC Harris says, Key pieces of

infrastructure stimulate wider economic growth and generate

agglomeration benefits from supporting urbanization and industrial

growth to providing stronger trade links. With the major construction

boom expected in the region over the next 14 years, relevant

industry data and research, pertaining to the infrastructure sector, is

fundamental for industry players.

Highlighted within the 2014 Global Infrastructure Investment Index

(GIII), the UAE and Qatar are highly ranked among the worlds 40

most dynamic countries with greatest potential for growth and

investment in infrastructure. The analysis reveals insights into the

peculiarities and opportunities in these countries, showcasing areas

for long-term growth, financial risks and financial investor

prospects.

EC Harris GIII report is expected to launch regionally this quarter to

further support the regions infrastructure Mega Projects. Regional

experts across the sectors from EC Harris will participate and speak

at the conference this week.

"I RECOMMEND READINGUAE MEGA

PROJECTSFOR PROJECT REFERENCE

OR FOR INVESTORS WHO ARE

INTERESTED IN INVESTING IN THE

UAE AS IT GIVES A CLEAR VIEW OF

THIS MARKET, AND MANY THANKS

FOR BRETT ON DOING SUCH A

GREAT INITIATIVE ."Mubarak Al

Amry, COO, Al Amry Group, Abu

Dhabi

Brett Siegel - Profile and Contact:

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Posted byBrett Siegelat9:50 AM

As the premier construction event in the region, AWCS received

overwhelming support from projects market stakeholders, such as

CPC and HSBC which signed up as the events Strategic Event

Sponsors; Hyder Consulting and BESIX / Six Construct as Gold

Sponsors; Projacs, AGIS and Mashreq as Silver Sponsors; Drake &

Scull, Hill International, Zurich and AKSA as Conference Sponsors;

Bentley Systems as the CEO Forum Sponsor and Deloitte as

Knowledge Partner.

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M O N D A Y , A P R I L 2 8 , 2 0 1 4

GCC Invests Heavily In Turkish Real Estate

Demand for luxury residences in upmarket districts of Istanbul

continues to rise, fueled by buyers from the Middle East who are also

attracted by investment opportunities presented by developments in

the citys growing suburbs, said Turkish property agency Spot Blue

International Property in April.

In March 2014 alone, foreigners bought 478 properties in Istanbul, out

of a nationwide total of 1,362, according to the Turkish Statistical

Institute. Istanbul accounted for 20 percent of all propertytransactions in Turkey during March. Evidence suggests that districts

such as Bebek and Nianta on the European side of the city, and

Badat Street on the Asian side are helping to drive foreign sales, as

they attract an increasing number of wealthy citizens from the Gulf

Nations. Sales to foreigners are further boosted by Middle Eastern

investors targeting buy-to-let opportunities in residential

developments in the suburban districts of Bahcesehir, Sariyer,

Beylikduzu, Arnavutkoy and Esenyurt.

The Gulf-Turkish affair is gaining momentum, said Julian Walker,

director at Spot Blue International Property. Only this month,

Istanbul hosted an investment summit during which Turkish President

Abdullah Gul invited investors from Kuwait, Qatar, Saudi Arabia and

the United Arab Emirates to come to Turkey. Earlier in the year, a

Turkish delegation was in Qatar promoting Turkey while a Kuwait

Turkish Real Estate Forum will take place in Kuwait at the end of

April. At Spot Blue we have seen a rise in interest from Kuwaitis and

Qataris in particular in recent weeks. For Gulf investors, Istanbul is

an attractive stepping stone between the East and West, as well as a

place to be seen.

Confidence in Istanbuls property market has been boosted by a

series of infrastructure projects set in motion by the governing AK

Party, including a new mega airport and improved transport links

between the Asian and European sides of the city, as well as an

extension of the underground. In addition, $50 Billion has been

committed to re-developing entire districts to ensure all buildings areearthquake proof. Construction is currently Turkeys biggest industry

sector.

Growth in Istanbuls real estate market is unmatched by European

markets, most of which remain depressed, and price growth is

occurring at similar levels to London. Typical buy-to-let investments

are in the $150,000 to $200,000 bracket, continued Julian Walker.

The market is moving quickly though. Our representative in Istanbul

reports that new apartments in prime areas of Beylikduzu that were

on the market six months ago for $80,000 could be worth circa $

100,000 once the development is completed later in the year.

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Capital Gate, Abu Dhabi:

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Shams Abu Dhabi, Reem Island:

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ALDAR Headquarters, Abu Dhabi:


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Complementing Istanbuls growing status amongst the international

jet set is its increasing appeal to tourists. The city was voted the best

place to visit in the world in this years TripAdvisor Awards, while 35

million people visited the country as a whole last year, a 10 percent

increase over 2012, according to the countrys Culture and Tourism

Ministry.

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W E D N E S D A Y , A P R I L 1 6 , 2 0 1 4

$4 Trillion Construction Boom In MENA Region!

With more than $40bn worth of new contracts awarded in the six-

nation GCC alone in the first quarter, the projects markets of the

Middle East are set to enjoy a record-breaking year in 2014.

So far, the high profile projects that have been awarded include the

$12bn Kuwait National Petroleum Companys Clean Fuels Project;

Qatars Ashgal has so far awarded over $3bn for the Expressway and

LRDP projects; Abu Dhabis Musanada has awarded over $1bn worth

of contracts for the Mafraq-Ghuweifat Road Development project;

Qrail has awarded $700mn worth of contracts for the Elevated

Section of the Doha Metros Red Line South project; and Al Reem

Island in the UAE has awarded the main contract with a value of $705mn.

MEED's (Middle East Economic Digest's) latest forecast is that new

contract awards in the GCC will approach $150bn in the year ending

2014 compared with about $135bn in the previous 12 months. The

project boom encompasses all six markets and extends across all

sectors.

Confidence is being further lifted by the irresistible rise in project

spending in Iraq where oil production last year reached an all-time

high of more than 3m b/d. At least $20bn of new contracts are

expected to be placed in Iraq by the end of 2014 in a capital

investment program that will establish the country as one of the

most exciting prospects in the world for the local, regional and

global construction industry.

Figures compiled by MEED Projects show that a total of almost $2.5

TRILLION worth of contracts are planned or under way in the GCC. A

further $500bn worth of projects are at a similar stage in Iraq. For

the MENA region as a whole, more than $4 TRILLION worth of

projects are planned or under way.

This vast, varied and challenging opportunity will be comprehensively

reviewed in MEEDs annual Arabian World Construction Summit

(AWCS) which opens in the Sofitel Hotel on Palm Jumeirah on 12 May.

More than 60 speakers representing all high-growth Middle Eastconstruction markets and the regions largest project sectors will

address the event.

Among the highlights of the summit includes a keynote session on

developing Solution-based Delivery Strategies for the Regions

Complex Construction Projects. Dr. Faysal Alaquil, Director,

Department of Business Development & CSR, Construction Products

Holding Company (CPC) of Saudi Arabia, a Strategic Partner of the

event, says the complexity of the Mega Projects either underway or

in the pipeline requires contractors to design and execute to the

highest quality standards available. We will share a number of

building solutions that will help transform these projects from

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23 Marina

360 Kuwait

ABG Tower

ADIC Headquarters

Ajmakan

Al Barari

Al Bateen Wharf

Al Bidda Tower

Al Falah

Al Fattan Marina Towers

Al Hamra Tower

Al Hitmi Commercial And

Residential Development

Al Mada Towers

Al Manhal

Al Marasy Development

Al Marina

Al Mas Tower

Al Murooj Complex

Al Nawras

Al Raha Beach

Al Sorour Tower

Al Tijaria Tower

ALDAR Headquarters

Amaya Towers

Amwaj Islands

Arabian Ranches

Argan Business Park

Arraya Center

Arraya Tower II

Arzanah

Aspire Tower Doha

Aspire Zone

Atlantis The Palm

Bahrain Bay


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concept and design to physical realities that are not only of the

highest technical standards, but conform to sustainable and

environmental practices.

Across the region, there is a greater need for social and housing

capacity. In the past six years, according data collated by MEED

Projects, residential projects comprised 29 percent of total

construction projects awarded during the period, followed by mixed

use projects at 18 percent.

With real estate opportunities back to pre-bust days, meeting the

growing demand for private residential and social housing

developments will be of paramount importance. Imad Ghantous,

Managing Director-Property, Hyder Consulting Middle East, says

rapid population growth will be a key driver of this continued

growth in the construction sector, with a particular focus on

residential and social infrastructure projects. Experts currently

estimate that the regions population is expected to grow to more

than 600 million by 2030, from around 340 million today.

Saudi Arabia, the Middle Easts biggest project market which is

expected to witness more than $70bn of projects awarded in 2014,

will once again be at the heart of the conference. Speakers will

review the trends in the Kingdoms construction industry and

evaluate the opportunities in energy, water, rail, port and realestate markets. Special attention will be paid to the remarkable King

Abdullah Economic City (KAEC) in Rabigh where one of the worlds

largest new ports started operations earlier this year, and progress on

the Jeddah Kingdom Tower, the worlds tallest building, and the

supporting development. A special presentation will be delivered by

the General Authority of Civil Aviation (GACA), the largest new

airport client in the Middle East.

The UAE will get special attention as investment in the federation

starts in the race to the opening of the World Expo in Dubai. More

than $100bn worth of new projects are on the agenda for the Emirate

which expects 25m people to visit the six-month expo. The

conference will review some of the largest real estate developmentsin Dubai including exciting projects being developed by Meraas

Holdings.

Other markets to be reviewed will include Oman, Bahrain, Iraq and

Egypt where 40 Mega Projects worth more than $500m are planned or

under way.

The challenge of delivering complex, multi-component Mega Projects

will be one of the key themes of AWCS 2014. Regional and global

experts in Mega Project delivery and the role high-level program

management can play in bringing Mega Projects in on time and

budget will be among the primary topics of the event.

The AWCS was launched in 2007 and is established as the premier

annual event for major clients and senior construction industry

executives working in the Middle East Mega Project market, says

MEED Events Chairman Edmund OSullivan. This year, the delegates

will learn about the widest range of new projects and construction

opportunities since the first AWCS opened seven years ago. Im

confident they will leave inspired to intensify their efforts across the

region.

As the premier construction event in the region, AWCS has been able

to enlist the support of CPC and HSBC as Strategic Event Sponsors;

Hyder Consulting and Six Construct as Gold Sponsors; Projacs, AGIS

and Mashreq as Silver Sponsors; Drake & Scull, Hill International,

Bahrain Financial Harbour

Bahrain World Trade Center

Barwa Financial District

Bawabat Al Sharq

Bay Central

Bay Square

Bayan Palace

Bayswater

Beirut Waterfront

Blue Bay Tower

Boulevard Plaza

Burj Al Arab

Burj Khalifa

Burj Qatar

Burj Rafal

Business Bay Dubai

Capital Centre

Capital Gate Tower

Cayan TowerCentral Market Abu Dhabi

City Of Arabia

Citystars

D1 Tower

Diyar Al Muharraq

Doha Festival City

Dubai Industrial City

Dubai International Financial

Centre

Dubai Investment Park

Dubai Lagoon

Dubai Mall

Dubai Marina

Dubai Maritime City

Dubai Motor City

Dubai Pearl

Dubai Silicon Oasis

Dubai Sports City

Dubai World Central

DuBiotech

Durrat Al Bahrain

Durrat Al Fintas

Elite Residence

Emerald Palace

Emirates Financial Towers

Emirates Palace

Escan Marina Tower

Etihad Towers

Executive Towers

Fairmont The Palm


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Zurich and AKSA as Conference Sponsors; Deloitte as Knowledge

Partner and EC Harris as Lunch Sponsor.

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M O N D A Y , M A R C H 2 4 , 2 0 1 4

Oman Comes On Strong With New Salalah Rotana

Resort

The five-star Salalah Rotana Resort is now officially opened in the

capital of the southern Omani province of Dhofar. The stunning 400

room waterfront resort, part of the companys steadily expanding

Rotana Resorts, is the Sultantes largest free-standing hotel in Oman.

We pride ourselves in identifying desirable travel destinations and

are excited to begin a new journey today at the first hotel to be

operated by Rotana in Oman. Not only does it take us one step closer

to reaching our ultimate vision but it has strengthened the companys

standing as the leading hotel management company in the region,

stated Omer Kaddouri, President & CEO of Rotana.

Set on the pristine Arabian coast only a stones throw from the

famous Salalah Beach, each of the resorts luxury rooms and suites

are positioned directly on unique lagoons or nestled around waterfeatures and an elaborate network of man made waterways which

connect the property to the Indian Ocean and which are filled with

105,000m2 of seawater refreshed every four days using natural tidal

patterns.

Salalah Rotana Resort sits at one with nature, and has been designed

to offer guests a distinctive sense of calm. Drawing inspiration from

the landscapes natural beauty and culture, the heart of the hotel

boasts high ceilings and a central internally-lit handmade red clay

dome complementing the wooden finishing and decorative

mashrabiya latticework windows. The in-room furnishings have been

carved from desert rock while Arabesque geometric designs and

stone archways, constructed using traditional techniques, resemble a

cathedral atrium.

Ranging from 43 sq meters to 143 sq meters, Salalah Rotana Resort

boasts some of the most spacious accommodations in Oman. Private

terraces or balconies, ensuite bathrooms and generous living areas in

each room and suite allows for optimal privacy and superior comfort

in a grand setting. The perfect destination for every type of

traveller, the resorts wide variety of dining options range from

casual beachside cuisine and all-day-dining to fine dining Middle

Eastern and Western fare.

Guests looking to rejuvenate and rebalance the body can make use of

the Bodylines leisure and fitness club and impressive outdoor pool or

indulge in spa treatments at Zen the spa, Rotanas home-grown spaconcept derived from ancient holistic Asian philosophies, which

includes eight single-sex only treatment rooms and blends natural

Omani elements with holistic treatments and rituals including full

body massages, facials and soothing wraps.

Business visitors will benefit from a superb range of meeting rooms

and a state of the art Business Center in addition to an array of

business and leisure facilities.

Whether socializing at The Beach Bar & Restaurant, relaxing by the

poolside or spending time with children in the sophisticated playful

Kids Club, Salalah Rotana Resort exceeds the expectations of the

Ferrari World Abu Dhabi

Goldcrest

Golden Mile Palm Jumeirah

Grosvenor House & Residence

Hajar Tower

HHHR Tower

Ibn Battuta Gate

Jazan Economic City

Jeddah Gate

Jewel Of The Creek

Jubail City

Jumeirah Lakes Towers

JW Marriott Marquis Dubai

KBT Towers

Khalifa Industrial Zone

King Abdullah Economic City

King Abdullah Financial District

King Road Tower Jeddah

Kingdom CentreKingdom Of Sheba

Kingdom Tower

Kuwait Oil Sector Complex

La Hoya Bay

Lamar Towers

Lusail City

Madinat Al Fahaheel

Madinaty

Makkah Clock Royal Tower

Marina 101

Marina Mall Kuwait

Marina Pinnacle

Marina Square Reem Island

Marina West

Marina Wharf

Marina World

Marsa Plaza

Massaleh Towers

Maysan Towers

Mazaya Business Avenue

Maze Tower

Meena 7 Towers

Meydan City

Mina Al Arab

Mirdif City Centre

Mohammed Bin Rashid Gardens

Musheireb

Nation Towers

Nurai Island

O-14 Tower


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most discerning guest.

++ I am glad to see Oman developing their own kind of Mega Projects

that fit perfectly with the overall environment of the Sultanate.

Here is a link to the Salalah Rotana Resort site:

http://www.rotana.com/rotanahotelandresorts/oman/salalah/

salalahrotanaresort

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T H U R S D A Y , M A R C H 2 0 , 2 0 1 4

Qatar Registers Second Highest Growth Rate In

GCC Projects Market

Qatars projects market grew 26 percent last year, the second

highest growth rate in the GCC, where project awards increased

overall by 21 percent between 2012 and 2013, the first growth year

since 2009.

The data was presented in a breakfast briefing at the Qatar Projects

Conference, where a MEED Insight report detailed a comprehensive

review of the GCC projects market from 2008-2013. The report said

2008 was a landmark year for Qatar, when over $22bn worth ofprojects were awarded predominantly by the construction and power

sectors for megaprojects such as Ras Girtas Power & Water,

Kharamaa Transmission Phase VIII, Barwa City Development and the

Lusail Development.

Fast forward to 2013, Qatar maintains its momentum, awarding as

much as $20bn on projects such as Qrails Doha Metro Red and Green

Lines and several stations, which account for 41 percent of all

projects awarded in the country.

Overall, during the period in review from 2008-2013, Qatars project

market accounted for 12 percent ($96bn) of the total projects

awarded in the GCC, for a massive outlay of an average of $16bn a

year.

MEED Insight expects a robust 2014, with project awards estimated to

range between $140-150bn. The outlook is also positive over the

long-term, as GCC economies continue to grow and as the population

explodes requiring further investments in infrastructure.

Challenges will most likely come from stiffer competition as

contractors from Asia move to gain a bigger share of the market; and

financing will play a factor in ensuring projects are not delayed.

Meanwhile, Elie Andraos, General Manager of Al Maysan, says the

steady growth of the projects market is a great opportunity for heavy

equipment and machinery suppliers. Our participation in MEEDsQatar Projects Conference 2014 is due to its importance in attracting

local and international contractors. This conference is considered as

a unique opportunity to display SANYs heavy equipment and its

proven reliability and quality in major construction projects in the

GCC region. We are delighted to have participated, as it falls in line

with Qatars 2030 vision in all aspects, particularly economic and

construction, he added.

Qatar Projects Conference concluded successfully, with optimism

high among project stakeholders about the continued expansion of

the projects market in Qatar. This years conference was supported

by Samsung as the Official Technology Partner, Qatar Steel as

Ocean Heights

Olaya Tower

One Business Bay

One&Only The Palm

Orra Marina

Pacific

Palace Towers

Palazzo Versace Dubai

Palm Jumeirah

Park Towers

Princess Tower

Qatar Entertainment City

Qatar Financial Centre

Qatar Science And Technology

Park

Regal Tower

Remraam

Riffa Views

Rolex Tower

Rose Rayhaan

Royal Amwaj

Royal Oceanic

Saadiyat Island

Sabhan Industrial Project

Salhia Complex

Sama Beirut

Sama Tower

Shams Abu Dhabi

Shams ArRiyadh

Sharq Village And Spa

Shatha Tower

Silver Tower

Silverene Towers

Sorbonne Abu Dhabi

Sowwah Island

Sowwah Square

Stargate Park

Sulafa Tower

Sun And Sky Towers

Taj Exotica

Tameer Towers

The Address

The Citadel

The Gate Qatar

The Headquarters Business Park

The Index

The Onyx

The Opus

The Pearl Qatar


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exception of education and healthcare for which Qatar ranks top with

completed projects worth US$4.6bn in the educational segment

(KSA: US$1.01bn; UAE: US$714m) and worth US$1.12bn in the

healthcare segment (KSA US$482m; UAE US$570m).

Overview of 2013 GCC Interior Contracting and Fit-out Market:

The value of the GCC Interior Contracting and Fit-out Market in 2013

was US$7.81bn an increase of 8 percent when compared to 2012.

KSA was the largest market with a 47.4 percent share (US$3.7bn)

followed by the UAE and Qatar valued at US$2.39bn and US$953m

respectively. The residential sector accounted for almost half of the

overall 2013 market with a market share of 42.6 percent (US$3.33bn)

. The commercial sector followed with a 17.9 percent share

corresponding to a value of US$1.40bn and the hospitality sector with

13.4 percent share and a value of US$1.05bn.

2014 Forecast:

According to the Ventures ME study, figures for 2014 are expected to

increase further for both the building construction and interiors

markets. US$83.41bn worth of completed projects and US$82.8bn

worth of awarded projects are forecasted over the next 12 months;

the interiors market is also likely to grow by 18 percent and reach an

estimated value of US$9.2bn by the end of the year.

Building Construction Market 2014 Forecast:

The Healthcare Sector is expected to grow by 250 percent from a

value of US$2.4bn registered in 2013, to an estimated value of US$

8.4bn. The UAE in particular will be the country with the majority of

healthcare buildings completed worth a total value of US$3.19bn -

almost five times the value registered in 2013 - followed by KSA with

US$3.09bn and Qatar US$1.7bn. Kuwait is also worth highlighting

with the value of projects completed moving from US$47m in 2013 to

an estimated US$317m in 2014.

Despite the huge increase in the Healthcare Sector, the buildingconstruction market will still be led by the residential and

commercial sectors that together will account for over half of the

market share concentrated particularly in KSA, the UAE and Qatar.

Interior Fit-out Market 2014 Forecast:

Out of an overall estimated market value of US$9.2bn, the

Residential Sector will account for 35.9 percent and US$3.33bn in

value, followed by the Hospitality Sector at 19.8 percent and US$

1.82bn of value and the Commercial Sector with 15.7 percent and US

$ 1.44bn in value. When compared to 2013 figures, the Healthcare

Sector will see the biggest growth with a huge 256 percent increase

and reaching a value of US$672m. The Retail Interiors Market is

expected to see the biggest drop in value from US$393m to US$308m.

Commenting on the figures released by Ventures ME, Frederique

Maurell, Group Event Director for INDEX and workspace at INDEX,

said: Most segments of the GCC Building Construction market have

recovered significantly from the downturn and 2013 has been positive

with residential, education and hospitality segments in particular

showing signs of growth and a strong recovery.

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S U N D A Y , D E C E M B E R 2 9 , 2 0 1 3

Msheireb Properties

Nakheel

Naseej Properties

NREC Kuwait

Omniyat Properties

Omran Misr

Pearl Of Kuwait Real Estate

Qatari Diar

RAFAL Real Estate Company

RAK Properties

Rayadah Investment Company

REDICO Saudi Arabia

Reem Investments

Saba-RE

Salhia

Saudi Oger Real Estate

Development

Schon Properties

Seef Properties

Select Group

SNASCO Real Estate

Solidere

Sorouh

Taiba Holding

Tamdeen Group

Tameer

Tamouh

Tanmiya Realty Development

Tatweer

TDIC

The Land Saudi Arabia Real

Estate Development &

Investment Company

Tijara And Real Estate

Investment

Union Properties

United Development Company

United Real Estate Company

Yousef Ahmed Al-Gosaibi Real

Estate

Zaya

MEGA PROJECT ARCHITECT LINKS:

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ADPI

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New Hazaa Bin Zayed Mega Project For Al Ain

Major details of the massive mixed use Hazaa Bin Zayed Stadium

project in Al Ain have been announced today including a hotel,

residential and commercial buildings, a sports center, and food and

retail outlets. Once complete, the project will be the main

attraction for hundreds of community, entertainment and business

events.

The new development covers an area of 500,000 square meters

which, in addition to the main stadium, includes a community with

700 residential units in a complex of apartments and green spaces,

two office buildings of 20,000 square meters, and a chain of 50

restaurants and retail outlets plus a 172 room international hotel.

The project, which will be constructed in phases, will have a public

courtyard for both visitors and residents, stylish promenades linked

together by a network of pedestrian walkways and a family

entertainment area synonymous with a healthy and modern lifestyle.

The multi-use project is part of a vision of building a touristic, social

and sports destination that includes Hazaa Bin Zayed Stadium and the

area surrounding it, to foster ongoing growth and development in Al

Ain and the UAE.

The Hazaa Bin Zayed Stadium, which will be launched mid-January2014, is considered an architectural marvel and one of the most

impressive and technologically advanced sports constructions in the

UAE. It can accommodate 25,000 spectators and was built in only 17

months, measuring up to the best international standards.

The development is located in the strategic Tawya area of Al Ain,

which is easily accessible for visitors coming from Abu Dhabi and

Dubai, and with close proximity from the citys main roads. It is only

15 minutes from Al Ain Airport, and is situated near other main

attractions in Al Ain which makes it one of the most sought after

destinations by families in Al Ain and the UAE in general.

The Plaza area will stand as the main part of the project and thehead point for all sports and social gatherings, with the Hazaa Bin

Zayed Stadium in the background adding even more atmosphere to

the open spaces and surrounded by a number of restaurants and

retail outlets.

The project will also include a healthy lifestyle area with a number

of sports zones and a dedicated pool and gymnasium considered to be

the biggest of its kind in Abu Dhabi. The whole project has been

planned to reflect the principles of health and well-being and

encourage a more sporting life. The Plaza and the area surrounding

the stadium are designed to help walking as no cars are allowed

inside. The outer area of the project includes cycling, jogging and

walking tracks.

The family entertainment area provides its visitors with a wide

selection of entertainment facilities that suit different age groups

and several sports activities to help residents and tourists enjoy their

time in a healthy and stylish atmosphere throughout the year.

The restaurant and caf area is located near the hotel, linked

together with a pedestrian design that provides access to as many of

the developments destinations as possible and provides a location

for a variety of high-end restaurants and coffee shops.

The new stadium will be officially opened in January 2014. The

celebrations will include a 3 day family festival from January 16-18,

Broadway Malyan

Burt Hill

Callison

Denton Corker Marshall

Dewan Architects and Engineers

DP Architects

Foster+Partners

FX Fowle Architects

Gensler

Godwin Austin Johnson

Hadi Simaan

HGBD

HKS

KEO International

Khatib & Alami

Kling Consult

LAVA

Nikken Sekkei

NORRP&T Architects and Engineers

PRP/AI Architects

RMJM

RTKL

RUR Architecture

Sanjay Puri Architects

Schweger+Partner

Sheppard Robson

Skidmore Owings & Merrill

Snohetta

Sohne & Partner

SSH International

Sybarite Architects

Woods Bagot

Zaha Hadid Architects

MEGA PROJECT BUILDER LINKS:

Al Arrab Trading & Contracting

Al Futtaim Engineering

Al Hamad Group

Al Harbi Trading & Contracting

Al Latifia Trading & Contracting

Al Mabani General Contractors

Al Naboodah

Al Rashid Trading & Contracting

Al Shafar General Contracting

Arabian Construction Company

Arabtec

BAM International

Bechtel


12/26

E MEGA PROJECTS



plus other events for launching the stadium. The 25,000 capacity

Hazza Bin Zayed stadium will officially be the new home for Al Ain

Football Clubs first team, and is intended to boost the sports

activities in the UAE. The stadium covers an area of 45,000 square

meters and it is 50 meters high which makes it one of the highest

buildings in Al Ain City. It hosts more than 3,000 premium seats, one

of the highest ratios of premium seating in the world for football

stadiums. The mobile roof can move to cover the whole play field

during the hotter months. The marvelous design of the outer faade

of the stadium is inspired by the trunk of the palm tree which is an

integral part of the UAEs heritage and legacy.

No comments:

S U N D A Y , D E C E M B E R 1 5 , 2 0 1 3

The Billionaires - World's Richest Arabs 2013

Here is a list compiled by ArabianBusiness.com of the World's Richest

Arabs for 2013. I think you will enjoy reading it. These are the

wealthiest Arabs in the world and most of them are involved in one

way or another with the Mega Projects going up in the MENA Region.

As you will see Saudi Arabia is by far the leader in Arab Billionaires.

For some reason, aside from Prince Alwaleed of KSA, the list does

not include any other Arab Royals. Perhaps this is because their networth is harder to estimate.

WORLD'S RICHEST ARABS 2013

1. Prince Alwaleed bin Talal Al Saud, KSA, $31.2 Bil

2. Mohamed Al Jaber, KSA, $12.66 Bil

3. Olayan Family, KSA, $12.5 Bil

4. Mohammed Al Amoudi, KSA, $12 Bil

5. Issam Al Zahid, KSA, $11.6 Bil

6. Sawiris Family, Egypt, $11.2 Bil

7. Kharafi Family, Kuwait, $8.6 Bil

8. Binladin Family, KSA, $8.1 Bil

9. Joesph Safra, Brazil/Lebanon, $7.5 Bil

10. Said Khoury, Palestine, $7.2 Bil

11. Bukhamseen Family, Kuwait, $6.8 Bil

12. Al Ghurair Family, UAE, $6.3 Bil

13. Kanoo Family, Bahrain, $6.1 Bil

14. Majid Al Futtaim, UAE, $6.1 Bil

15. Tareq Al Qahtani, KSA, $6 Bil

16. Bugshan Family, KSA, $6 Bil

17. Toufic Aboukhater, Palestine, $5.8 Bil

18. Mansour Family, Egypt, $5.1 Bil

BESIX Group

Consolidated Contractors

Company

DCC Group

Dutco Group

El Seif Engineering & Contracting

ETA Ascon

Freyssinet Saudi Arabia

GalfarGeneral Construction Company

Gulf Colba (land reclamation)

Habtoor Leighton Group

Huta Group

Nass Group

Oger International

Samsung Engineering

Saudi Constructioneers

TAV Construction

Turner Construction Middle East

United Arab Construction

Company

Van Oord (land reclamation)

CITYSCAPE EVENT LINKS:

Cityscape Global

Cityscape Abu Dhabi

Cityscape Riyadh

Cityscape Jeddah

Cityscape Qatar

Cityscape Egypt

SOVEREIGN WEALTH FUND LINKS:

Abu Dhabi Investment Authority

Abu Dhabi Investment Council

Dubai World

Emirates Investment Authority

Investment Corporation Of Dubai

Kuwait Investment Authority

Mubadala Development Company

Mumtalakat Holding Company

Oman Investment Corporation

Public Investment Fund Saudi

Arabia

Qatar Investment Authority

RAK Investment Authority

Saudi Arabian Monetary Agency

REAL ESTATE NEWS:

LATEST REAL ESTATE NEWS

UPDATED CONTINUOUSLY:

AME Info | Real Estate:


13/26

E MEGA PROJECTS


19. Mohamed Abdul Latif Jameel, KSA, $5 Bil

20. Abdullah Al Rushaid, KSA, $4.6 Bil

21. Mubarak Al Suweiket, KSA, $4.5 Bil

22. Al Rajhi Family, KSA, $4.3 Bil

23. Gargash Family, UAE, $3.7 Bil

24. Adel Aujan, KSA, $3.56 Bil

25. Taha Mikati, Lebanon, $3.5 Bil

26. Mohammad Jamjoom, KSA, $3.4 Bil

27. Najib Mikati, Lebanon, $3.4 Bil

28. Alghanim Family, Kuwait, $3.4 Bil

29. Saad Hariri, Lebanon, $3.3 Bil

30. Sulaiman Al Muhaidib, KSA, $3.3 Bil

31. Abdulatif Al Fozan, KSA, $3.25 Bil

32. Hayek Family, Lebanon/Switzerland, $3.2 Bil

33. Bahaa Hariri, KSA, $3.1 Bil

34. Munib Masri, Palestine, $3 Bil

35. Zamil Family, KSA, $2.9 Bil

36. Mansour Ojjeh, KSA, $2.8 Bil

37. Mohammed Elkhereiji, KSA, $2.73 Bil

38. Ayman Asfari, UK/Syria, $2.7 Bil

39. Mohammed Sharbatly, KSA, $2.69 Bil

40. Osama Abu Dawood, KSA, $2.68 Bil

41. Wafic Said, UK/Syria, $2.6 Bil

42. Mohammed Al Barwani, Oman, $2.6 Bil

43. Ziad Manasir, Joedan, $2.58 Bil

44. Mohammed Al Issa, KSA, $2.38 Bil

45. Nadhmi Auchi, UK/Iraq, $2.2 Bil

46. Mohammed Ibrahim, Sudan, $2.15 Bil

47. Miloud Chaabi, Morocco, $2.1 Bil

48. Saleh Kamel, KSA, $2 Bil

49. Fawaz Al Hokair, KSA, $1.98 Bil

50. Ayman Hariri, KSA, $1.95 Bil

Driven Properties appointed as

exclusive agent for St. George

developments Sovereign Court

project in London

New dusit.com website launches

IHCC marks participation at

Arabian World Construction

Summit 2014



Summit 2014

DSIs quarterly net profits down

27%

Construction Week- News:

Wessal Capital to invest $2.4bn

in Morocco

Five more airlines transfer to

new Qatar airport

Atkins-designed boutique hotel

opens in Oman

Dubai's Drake & Scull wins $

600mn Egyptian deal

Plans for Dubai to become open

air gallery

Arabian Business- Real Estate:

Revealed: Moving trends in the

UAE

Developer Damac's Q1 net profit

soars 79%

From Chess City to Smurf Village

and flower towers: The Gulf's

craziest projects

UAE's Aldar Q1 net triples onhandovers and sales

Dubai's Remraam add 200 new

units for sale

Trade Arabia- Real Estate:

Abu Dhabi, Goodman set up $1bn

Japan JV

Egypt real estate portal in Saudi

foray

Rent hikes hit small businesses in

Bahrain

Cluttons opens new Abu Dhabioffice

UAE property rates up 10-15pc:

Tamweel

AME Info | Property Report:

OMRAN drives new tourism

projects in Oman

Abu Dhabi real estate could see

small growth in 2013

Broader based recovery expected

for Dubai real estate


14/26

E MEGA PROJECTS



Source:

http://www.arabianbusiness.com/the-world-s-richest-

arabs-530591.html

No comments:

T U E S D A Y , D E C E M B E R 1 0 , 2 0 1 3

Abu Dhabi To Spend $100 Billion On Projects!

Abu Dhabis project spending could balloon to over $100 billion in thenext seven years as the government ramps up efforts to sustain

economic gains built over the last few years.

The 8th Abu Dhabi Conference 2013, which began yesterday,

highlighted the key sectors that will receive the bulk of investments

until 2020.

According to MEED, which tracks projects activity throughout the

Middle East, construction projects remain the most active with $30

billion worth of projects to be awarded in the next seven years,

followed by the Oil & Gas sector with a project pipeline valued at $

25 billion.

Transport and chemical-related projects will also see a surge in

investments with a total of $20 billion contracts to be awarded during

the same period. The industrial as well as power & water sectors will

likewise be busy with contracts valued at $6 billion and $5 billion to

be awarded until 2020.

H.E. Eng. Mohammed Ahmed Bin Abdul Aziz Al Shehhi,

Undersecretary of the Ministry of Economy delivered the opening

address this morning, and said that the UAE economy is growing

strongly and will benefit from new government measures designed to

promote the private sector and foreign investment. The UAE

economy is on solid ground. It has been attracting visitors and

investors looking for a safe haven in the Middle East. Growth was 4.4

percent in 2012, its fastest pace since 2006. In view of improved

activities, we expect UAE GDP to have expanded by 4.5 percent this

year.

Abu Dhabi Department of Economic Development (ADDED)

Undersecretary H.E. Mohammed Omar Abdullah then spoke to the

conference delegates about creating a business hub critical to the

global economy, highlighting the initiatives and upcoming projects

aimed at driving long term investments into Abu Dhabi.

And for the first time at a conference H.E. Dr. Abdullah Hassan

Ghareeb Al Bloushi, Executive Director, Land and Property

Management Sector, Department of Municipal Affairs presented

details of the Onwani project the unified addressing and wayfindingproject for the Emirate of Abu Dhabi, saying This is the largest

project the municipal system in Abu Dhabi has ever undertaken, and

it is also one of the Emirates most important. The vital

infrastructure provided by the new addressing system will take us

forward to meet future economic and social challenges and bring real

benefits to residents, businesses and visitors alike. It is not only a

street map for the Emirate, but a road for development.

This year alone, based on an article 'Gulf projects market hits new

peak' recently released by MEED, the construction sector in Abu

Dhabi picked up pace when the Tourism Development & Investment

Company (TDIC) awarded the long-awaited $653m contract to build

Abu Dhabi property market to

benefit from key projects

Cityscape Global indicates a

revival in market

Arabian Business- Property:

Dubai's Damac raises $348m in

London share sale

REVEALED: The UAE's most iconic

projects

Dubai may not see Expo benefits

until 2015 - analyst

Dubai Expo 2020 loss could hit

property market

Dubai's Damac delays pricing of

London IPO by four days

AME Info | Real Estate Roundup:

Knauf Insulation showcases HVAC

and building insulation with

patented ECOSE technology at

Project Qatar

Driven Properties appointed asexclusive agent for St. George

developments Sovereign Court

project in London

New dusit.com website launches



Summit 2014



Summit 2014

Trade Arabia- Construction:

$1.68 TRILLION: Gulf

construction sector grows

New Egypt-Sudan road to open

on Sept 20

Qatar to build giant rotating

structure

Saudi signs masterplan contracts

for ports

Bahrain to open 5 new parks by

year-end

Arabian Business- Construction:

From Chess City to Smurf Village

and flower towers: The Gulf's

craziest projects

From Chess City to Smurf Village:

The Gulf's craziest projects

Jeddah firm in talks to raise $

3.73bn Kingdom City funds

UAE refinery expansion to be

commissioned by year-end


15/26

E MEGA PROJECTS



the Louvre Museum on Saadiyat Island to a consortium comprising the

local Arabtec Construction, Spains San Jose and Oger Abu Dhabi

the local affiliate of Saudi Oger.

TDIC has also tendered the contract to build the Zayed National

Museum on Saadiyat Island, although an award is not expected this

year. In July, Abu Dhabi-based Saadiyat Investment & Development

Company awarded a $482m contract to local Al-Jaber Building for the

construction of 462 villas at the Hidd al-Saadiyat Villas Development

on the island.

As a result, along with new projects awarded in Dubai, the UAE has

seen the largest rise in project activity in the GCC this year. MEEDs

Gulf Projects Index is now at its highest level ever, having reached $

3.19 trillion this month.

The return to growth is the latest chapter in what has been a roller

coaster ride for the index over the past seven years. The index

remained relatively flat until about 12 months ago, when it began to

move upwards as stalled projects were revived and new schemes

launched, which has seen it grow more than 30 percent to its current

level of $3.19 trillion. The major driver of this growth has been the

UAE, with Abu Dhabi contributing a significant chunk of investments,

said Richard Thompson, Editor, MEED.

By 2014, the IMF has forecasted real GDP growth for the UAE of 3.6

percent (up from 3.1 percent last year) owing to the governments

continued push to boost the economy led by a spate of new

infrastructure investments.

Abu Dhabi has targeted knowledge-intensive sectors, such as

aviation, petrochemicals, renewable energy and health care. The

developments across these strategic sectors are aimed to make the

capital an attractive proposition for domestic and international

investors, said Abraham Akkawi, MENA Infrastructure Advisory

Services Leader, Ernst & Young.

Yesterdays highlights included a special VIP Plenary Session thatprovided a snapshot of project opportunities, achievements and

challenges faced in delivering Abu Dhabis economic vision 2030

across key sectors. The session was led by a panel of authorities from

Abu Dhabis key agencies such as the Abu Dhabi Food Control

Authority (ADFCA), Environment Agency- Abu Dhabi (EAD), Health

Authority Abu Dhabi (HAAD), Industrial Development Bureau as well

as the Khalifa Fund for Enterprise Development.

The Abu Dhabi Conference is an annual gathering of government and

private sector leaders which enables discussions and updates on

upcoming project and investment opportunities in Abu Dhabis diverse

economy. It is a heavily Government supported event, with the Abu

Dhabi Department of Economic Development, Abu Dhabi

Sustainability Group, Western Region Development Council and Abu

Dhabi Tourism and Culture Authority as supporting partners; The Abu

Dhabi Water & Electricity Authority as Strategic Partner, Zones Corp

as Industrial Partner and the Abu Dhabi Chamber as silver sponsor.

Other conference partners include Al Khalij Bank Hill International,

E&Y, Bentley Systems and Mashreq. For more information on the

conference: http://www.theabudhabiconference.com/

No comments:

W E D N E S D A Y , N O V E M B E R 2 7 , 2 0 1 3

Dubai's Drake & Scull Q1 profits

down 27% as Saudi projects

delayed

BUSINESS NEWS:

LATEST BUSINESS NEWS UPDATED

CONTINUOUSLY:

AME Info | Finance and Economy:

Ministry of Economy and USDepartment of Commerce

express intent in forging stronger

bilateral ties

Second Al Gharbia Development

Forum to highlight economic

overview and investment

opportunities in region

Do expats enjoy the same

retirement rights in the UAE as in

their home countries?

Bahrain expects non-oil sector to

drive economy

Oman says no decision yet on

switching sponsors

Financial Times- Middle East:

DIC to sell Mauser for $1.7bn

Abu Dhabi sees film production

surge

Israels Marimedia set to float on

Aim

Heritage Oil agrees 924m

takeover offer

Al Jazeera sues Cairo over

crackdown

Arabian Business- GCC:

Kuwait set to intensify visa

investigations

Largest Sheikh Zayed painting

completed

Kuwait mulls compulsory health

insurance for visitors

Saudi backs clamp down on

'cover-up' businesses

Qatar drinking water demand

seen surging 138% by 2020

AME Info | Capital Club Dubai &

Bahrain:

Non-violence takes centre stage

at Capital Club Dubai

Capital Club hosts French-

themed Chine des Rtisseurs

season opener

Capital Club welcomes Non-

Violence Project to Dubai


16/26

E MEGA PROJECTS


Dubai Wins Bid For World Expo 2020 - New Boom

For Dubai!

Dubai is on the cusp of yet another development boom as it seeks to

strengthen its position as the leading business and tourism hub in the

region.

Detailing the latest investment and development opportunities in

Dubai, MEED(Middle East Economic Digest) has organized Destination

Dubai 2020 to dissect, along with local and international experts, the

various factors that will shape Dubais development trajectory in thenext six years.

Among the highlights of the conference presentations and panel

discussions include the impact of Dubai winning its World Expo 2020

bid, with leading stakeholders from across Dubais key government

agencies outlining their future plans in detail for the first time after

securing the rights to host the expo.

The total value to the economy of staging the event has been

estimated at AED143.22bn. More than 277,000 jobs would be created

between 2013 and 2021 as a result, with about 40 per cent in the

travel and tourism sector. For every Expo employee, about 60

additional jobs would be sustained in the wider economy.

MEED has organized Destination Dubai to track the exciting new

developments happening in Dubai until 2020, a critical case especially

in light of its winning expo bid and just a decade before the

governments 2030 vision for the country. We wholeheartedly support

Dubais Expo 2020 bid and look forward to working with our friends

and partners in Dubai and the UAE to ensure the 2020 Expo will be

the best ever," Ben Greenish, Managing Director, MEED.

Dubais bid dossier estimates hosting the expo will cost $8.7bn in

total $7bn in investments and operating expenses of $1.7bn. Capital

expenditure will mainly cover the development of the expos

planned 4.4 square-kilometer plot in Jebel Ali and connecting

infrastructure such as extending the Dubai Metros Red Line.

However, investors surveyed by the local chapter of CFA Institute, a

global organization of investment professionals, are concerned that a

successful bid by Dubai to host the expo could lead to another

economic bubble. The study measured the opinions of 216 investment

professionals in the UAE, and found out that more than half of the

surveys respondents (55 per cent) were concerned that a successful

bid for the Expo 2020 will create another economic bubble, and only

a quarter believed the UAE has done enough to make its economy

immune since 2008.

Meanwhile, Egypt-headquartered investment bank EFG Hermes says

the expo will make the countrys debt situation more pressing than it

is now. If the next phase of the investment cycle, accelerated by

the Expo, is not met by revenue-building measures and asset sales,

this could result in total Dubai debt rising to 110-115 per cent of

gross domestic product (GDP) by 2020, up from 102 per cent of GDP

currently, the lender said in a report.

Without a doubt, the winning expo bid will provide a massive tourism

boost. It is estimated that over the six months of the event 25 million

people would visit Dubai Expo 2020, with more than 70 per cent

coming from outside the UAE.

Destination Dubai will track the road map to Dubais continuing

economic recovery, providing investors and stakeholders insights on

Capital Club Bahrain hosts second

debate of its 2013 series

BIC Chief announces new

'Business in Formula 1' initiative

at Capital Club Bahrain

DEVELOPER NEWS:

LATEST DEVELOPER NEWS UPDATED

CONTINUOUSLY:

AME Info | Emaar Properties:

Emaar showcases premium

lifestyle communities and The

Opera District at Cityscape

Global

International fashion exhibitions

at The Dubai Mall for 'Vogue

Fashion Dubai Experience'

Reel Cinemas partners with Noor

Dubai on global campaign

Red Sea Housing Company

investing heavily in KAEC

International fashion exhibitions

at The Dubai Mall for 'Vogue

Fashion Dubai Experience'

AME Info | Nakheel Properties:

Nakheel to launch nearly 400

new homes at Al Furjan on

Sunday

Nakheel welcomes Waitrose to

Palm Jumeirah Mall

New lease of life as Nakheel

restores 290 homes at Jebel Ali

Village

Nakheel extends office hours to

meet customer demand

Nakheel floats tender for

construction of Nakheel Mall on

Palm Jumeirah

AME Info | ALDAR Properties:

Wing Zone opens at Aldar's

Boutik Sun and Sky

Aldar Properties announces 2013

second quarter and half year

results

Aldar and Sorouh Merger

becomes effective

Yas Mall to open on 26 March

2014

Aldar reports Q1 results

AME Info | DAMAC Properties:

DAMAC Properties launches

Paramount Hotels and Resorts-

branded serviced residences

tower in Riyadh, KSA


17/26

E MEGA PROJECTS



what is driving confidence in the Emirates equity market, which this

year has seen a 60 percent rise in growing confidence in Dubais

long-term prospects.

Of primary importance to the readers of this blog will be a dedicated

session on the real estate sector that will provide attendees key

insights on one of Dubais most critical growth drivers. Real estate

prices in the Emirate have risen more than 30 per cent since the

start of the year on growing demand from local, regional and

international investors. In addition, major private and government-

related real estate projects involving billions of dollars of new

investment in Dubai have been announced, opening a possible new

boom phase in Dubais property market, says MEEDs editorial

director Richard Thompson.

Other initiatives that are transforming Dubai into an unrivaled global

hub and the gateway to the high-growth emerging markets (CIS,

Africa, China and India) will be comprehensively discussed at

Destination Dubai, detailing the road map for the build up and

creation of a genuine and holistic destination involving travel,

industry, real estate, tourism, retail and hospitality infrastructure

and support systems.

++ In my opinion Dubai's winning bid for World Expo 2020 is extremely

POSITIVE for the real estate market in Dubai and the rest of the UAE.The best is yet to come!

Scheduled to take place on January 28-29, 2014 at the JW Marriott

Marquis, Destination Dubai is sponsored by Hill International.

http://www.destinationdubai2020.com/homepage.asp

No comments:

M O N D A Y , N O V E M B E R 2 5 , 2 0 1 3

Dream-Marina 101 Moving Right Along!

Dream-Marina 101 is set to open by the end of 2014. This super-tall

development in Dubai Marina is a comprehensive lifestyle project

conceptualized by Sheffield Holdings Ltd.

Dream-Marina 101 seeks to promote a unique concept of haute living

that encompasses nearly everything in terms of luxuries with world-

class restaurants, roof top nightclub and recreational facilities. "We

are proud to announce that nearly 80% of our hotel apartments are

sold." said Abu Ali Malik Shroff, Chairman of Sheffield Holdings LTD.

The hotel will house 300 guest rooms and 420 branded hotel

apartments featuring one and two bedroom units. The construction

on the exterior of the tower is close to completion with the elevator

going up to all 101 floors.

The interior finishing touches have been carefully chosen, with

energy efficient light fixtures and Spanish ceramic tiles in every

apartment. All internal doors are fire resistant, meeting international

standards and ratings for the building. Nearly sixty million dirhams

have been additionally spent on the interiors since the appointment

of the hotel operator.

Dream-Marina 101 has confirmed partnerships with worlds leading

restaurants such as Bombay Palace, which currently has branches in

England, North America, Canada and India. Another highlight of

Dream-Marina 101 is its roof-top bar which will be occupied by Ph-D,

known for being the nightlife state-of-the-art in Manhattan, New

DAMAC Properties hits

construction milestone in

Solidiere

DAMAC Properties hits

construction milestone in

Solidiere

DAMAC Properties awards DAMAC

Esclusiva main contract to Saudi

Binladin group

Damac Properties launches first

golf condominiums in Dubai

AME Info | Kingdom Holding:

Prince Alwaleed approves Alarab

channel technical infrastructure

Prince Alwaleed meets with

Greek Defense Minister in Athens

Prince Alwaleed meets with

Prime Minister Samaras of Greece

in Athens

Prince Alwaleed receives British

delegation

Prince Alwaleed receives ChargeD'Affaires of Sri Lanka

AME Info | Tameer:

Tameer delivers Regal Tower

Princess Tower commands Dubai

Marina Skyline

Tameer delivers Elite Residence

Tameer's Al Jawzaa project

ready for delivery

Tameer's Princess Tower reaches

final height of 414m

AME Info | Dubai Properties:

Arady Developments announces

successful sale of all Phase-I

residential units offered at

Central Park sales event

'Central Park' at DIFC to feature

48-storey residential tower

FIFA approved football complex

brought to Dubailand

DPG on target to deliver Mudon

Project with competitive

mortgages solutionsDubai Properties Group

announces development of JBR

Beach Club

AME Info | Sorouh Real Estate:

Sorouh announces Q1 results

2013

Sorouh Real Estate announces

full year and fourth-quarter

results

Abu Dhabi Urban Planning

Council, Sorouh Real Estate


18/26

E MEGA PROJECTS



York.

Shroff further added, "Dubai has and will always remain a fantastic

destination for residents and tourists. We are offering a unique and

hassle-free investment opportunity mirroring the growth of the Dubai

real estate market. All our investors will enjoy 28 days of free stay in

the hotel apartments per year, and will benefit from a guaranteed

75% return of the net profit".

++ Sheffield Holdings LTD is one of the leading Dubai-based private

developers. Here is a link to their website:

http://www.sheffieldholdings.com/

No comments:

W E D N E S D A Y , N O V E M B E R 2 0 , 2 0 1 3

UAE's Hadara Teams Up With Egypt's Rooya

Group

UAE based development company, Hadra, has signed an MOU with

Rooya Group, one of Egypts premier real estate developers. Hadara,

which is a member of Tharaa Holding Group, has announced its plans

to co-develop an upscale hospitality and residential project within

Rooyas Stone Park Katameya master development in New Cairo.

This project comes with recent announcements of Egypts credit

rating increase by S&P, making it an attractive option for investors.

The Stone Park Compound, winner of Cityscape Egypt 2013 Best

Future Residential Project Award, will offer a selection of luxury

residential and hotel apartments and villas, providing a resort-living

style to its residents. The project consists of a series of luxury low-

rise buildings surrounded by resort-style recreational facilities as well

as a prestigious villa community offering standalone villas as well as

townhouses.

The project will be part of the award-winning Rich Village series, a

global luxury living concept developed by Hadara.

In addition, the project will be surrounded by many attractions,

including a world-class Golf Course, Cairo Festival City Mall, the

prestigious Down Town shopping district and City Stars Mall.

Furthermore, The Stone Park Compound will feature many lifestyle

and recreational facilities including restaurants, cafeterias, shops, a

private club with pools, a spa, a childrens fun zone with indoor and

outdoor play areas, tennis and squash courts and a multi-purpose

sports field.

Mr. Tariq Ramadan, Chairman of Hadara, expressed his excitement

about the opportunity to expand outside the UAE and into a stable

and growing market. He said, This luxury project will be suitable for

GCC customers and investors. It demonstrates a true smart and safeinvestment since it offers capital appreciation and attractive returns.

At the same time, all sales revenues will be deposited into an Escrow

account dedicated only to the construction of the project as well as

other project related direct expenses. This means that investors

money is 100% protected and guaranteed to be spent on the project.

Commenting on signing the MOU Architect Hesham Shoukri, CEO &

Executive President at Rooya Group, quoted, This partnership adds a

new dimension to our Stone Park master development by developing

a luxury project that attracts buyers and investors from outside

Egypt, especially those from GCC countries. The unit owners will

have the option to live in their units, hand them over to the hotel

unveil first Estidama Villa

Prototype in Al Ghareba

development

Sorouh Real Estate announces

third quarter results

BOUTIK Sun and Sky Towers

expands its outlets with opening

of Caf Macondo

AME Info | Tamouh Investments:

Tamouh's Wadi Adventure opens

in the UAE

Tamouh completes handover of

Marina Square units

Tamouh hands over six buildings

at Abu Dhabi's Marina Square

Development

Tamouh receives completion

certificates for four buildings in

Abu Dhabi's Marina Square

development

Tamouh to finalise handover of

Marina Square projects

AME Info | Dar Al-Arkan:

NASDAQ Dubai, Majid Al Futtaim

and Emirates Airlines unite to

discuss Middle East sukuk market

Dar Al Arkan posts 69% drop in

Q2 net profit

Sabic bucks market drop, Dar Al

Arkan dips on sluggish H1 results

Prince Khalid bin Bandar

officially inaugurates commercial

center of Dar Al-Arkan Alqasr

Mall

Saudi bourse steadfast despite oil

price decline

AME Info | Omniyat Properties:

Omniyat to bring in two

international premium hotel

brands and launch three mega

service apartments projects

The Square goes against market

trends with reported 98%

occupancy rate

Omniyat crosses Dhs10m leasingmilestone with The Square

Omniyat Properties announces

completion of first phase

construction work on The Opus

Spinneys set to open at Omniyat

Properties first residential

development

AME Info | Mubadala:

Middle East seeks groundwater

conservation solutions amid

rising water scarcity


19/26

E MEGA PROJECTS



management company to rent them out for tourists, or a combination

of both. This means that owners, especially those who are living in

other countries, can enjoy a free 5-star living while on vacation in

Cairo, and make money on their units when they are away. On the

other hand, investors who choose to hand over the property to the

management company, will enjoy attractive returns on their

properties.

++ Hadara is a newly established UAE-based real estate development

company operating worldwide through the development of real

estate projects owned or co-developed by it. The company was

founded by Mr. Tariq Ramadan who is considered one of the leading

real estate industry figures in the Middle East. Hadaras vision is to

become the most successful and innovative development company in

the world. Hadara is a member of Tharaa Holding.

http://www.hadaragroup.com/

++ Rooya Group is one of the fastest growing real estate

development and tourism investment companies in Egypt with an

outstanding track record of successful completed or under

development projects in Egypt valued at over US$ 2 billion. These

projects include Stone Park Katameya in New Cairo, Telal Al-Sokhna

Resort, Canals Village in Port Ghalib Marsa Alam, and Telal Al

Alamein on the North Coast.

http://rooyagroup.com/

No comments:

T H U R S D A Y , O C T O B E R 2 4 , 2 0 1 3

Oman Mega Projects On The Rise!

Like the rest of the GCC Oman is moving ahead strongly with Mega

Project development. Currently Oman has over $100 Billion allocated

for a wide variety of Mega Projects. In fact the Mega Project industry

of Oman is expanding so fast that MEED(Middle East Economic Digest)

is holding a large event October 28-30 in Oman at the Grand Hyatt

Muscat called MEED Oman Projects Forum 2013. What follows is more

information from MEED about the Forum and the Mega Projects being

developed in Oman. Additionally I have included a chart of the top

40 Oman Mega Projects along with the amount of money (in US

dollars) budgeted for each project.

A total of 50 speakers will address the event which will be attended

by 200 delegates from the Sultanate, the Middle East region and the

world beyond. The conference is supported by Omans Ministry of

Commerce & Industry and will hear an opening address from His

Excellency Ahmed bin Hassan Al Dheeb, Undersecretary, Ministry of

Commerce & Industry.

Figures compiled by MEED Projects show 40 major projects are being

executed or planned in the Sultanate. Of these, almost 25 percentare for major projects in the construction sector, which is dominated

by plans to build a new town in Duqm. A similar amount of capital

investment is planned in the transport sector. This includes the $

15bn national rail program. Oil and gas projects combined account

for almost $40bn of major projects being executed or planned in

Oman.

Oman is already pushing ahead with many major projects. Around $

40bn worth of them are under execution, though some of the larger

ones are at an early stage of development. But the largest portion of

the Omani major project program is yet to come to the market. More

than $50bn of major projects are under design or study.

Over 30 librarians from GCC and

Turkey convene for 'UAE eFada'

Summit in Abu Dhabi

UAE Green Festival 2014

announces official launch of its

activities

Researchers from Masdar

Institute and TU Dresden assess

progress on ATIC-backed Twin

Labs

Mubadala releases first half 2013financial results

AME Info | Dubai World:

Gitex shopper 2013 opens

GCC governments ramp up e-

government services

Ten start-up ideas chosen for DP

World's TURN8 programme

Top ranking Saudi Customs

delegation led by Director

General visits Jafza

Nakheel to launch nearly 400new homes at Al Furjan on

Sunday

AME Info | Qatari Diar:

Qatari Diar dedicates progress in

Dushanbe to the Emir and Qatar

His Highness the Deputy Emir and

Heir Apparent of Qatar join

Tunisian Prime Minister to lay

foundation for Tozeur Desert

Resort

High-level delegation expected

at Qatari Diar groundbreaking in

Tunisia

Qatari Diar enters into MoU with

Omani Ministry of Tourism

Qatari Diar wins 557m Deal of

the Year for London's East village

AME Info | Limitless:

Limitless signs Sharjah Islamic

Bank at The Galleries' banking

hub

Limitless opens Business Lounge

at GalleriesSettlements worth Dhs807m put

The World back on map

Limitless signs MOU with

Vietnamese government to

implement halong star project

Limitless hosts summer

exhibition in support of Mawaheb

AME Info | Ezdan Real Estate:

Qatars real estate deals grow


20/26

E MEGA PROJECTS


The pace of execution of the major program is expected to be swift.

Some $56bn of major projects under execution or planned are due

for completion by the end of 2017. All $112bn of projects are due for

completion by the end of 2022, MEED Projects figures show.

The forum will hear a progress update about the Duqm port and

special economic zone, which is Omans largest single Mega Project

with budgeted investment of $20bn. Duqm is to be the location of a

250m barrel oil storage facility and a range of new industries.

Were delighted with the response to this years forum, says MEED

Events Chairman Edmund OSullivan. The speakers are first-class

and we are very grateful to the Minister of Economy HE Dr Ali Al

Sunaidy and his colleagues for their wonderful support. This

conference will set a new benchmark for everyone doing business in

and with Oman.

Oman Projects Forum 2013 is supported by the National Bank of

Oman as strategic partner; Oman Development Bank as SME Financial

Partner; Ernst &Young as Knowledge Partner and Hill International as

conference sponsor.

TOP 40 OMAN MEGA PROJECTS UNDER EXECUTION OR PLANNED

INCLUDING BUDGETS FOR EACH PROJECT:

Project and Project Budget (in $Millions)

1. Duqm new town 20,000

2. Oman national railway 15,600

3. Duqm refinery & petrochemical complex 15,000

4. Khazzan & Makarem fields 15,000

5. Muscat & Salalah international airport expansion 5,200

6. Gas-based steel plant 3,000

7. The Wave development 3,000

8. Batinah expressway 2,600

9. Sohar Aluminium smelter expansion 2,400

10. Sohar refinery expansion project 2,300

11. Duqm IWPP 2,000

12. Haima Solar thermal hybrid power plant 2,000

13. Oman convention and exhibition centre 1,800

14. Masirah island causeway 1,500

15. Sur IPP 1,500

16. Sultan Qaboos medical city complex 1,480

17. Batinah coastal road project 1,312

18. Bidbid to Sur dual carriageway 1,156

SAK Holding Group clinches

regional and global high rankings

and appraisals

Racing for the worlds tallest

building

Cityscape Qatar 2013 concludes

Sheikh Hamad bin Jassim bin

Jabor Al Thani tours Cityscape

Qatar Exhibition

AME Info | Deyaar:

Deyaar to showcase unmatched

Burj Khalifa district portfolio at

Cityscape Global Dubai

Deyaar commences handover of

'The Burlington' commercial

tower at Business Bay

Deyaar announces handover of

'The Burlington' commercial

tower at Business Bay in

September 2013

Deyaar reports Dhs27m net profit

in Q2 2013Deyaar opens new branch at

Business Bay

AME Info | Cayan Investment and

Development:

Cayan Real Estate Investment

and Development Company

launches Dhs1bn Cayan Tower

Cayan to inaugurate world's

tallest twisted tower in Dubai

Cayan Real Estate Investment

and Development announces

successful completion of

Silverene

Cayan's Silverene Towers

achieves phenomenal

construction progress

Cayan's Infinity Tower scales new

heights

AME Info | Star Giga:

Star Giga Establishment

inaugurates GoldCrest Views 2 at

Jumeirah Lake Towers

Star Giga Establishment beginsdelivery of GoldCrest Executive

in Jumeirah Lakes Towers

High demand for mid-income

housing in UAE

AME Info | Al-Futtaim Group:

All-new Yaris Sedan re-enters

UAE market and offers

exceptional 'style at play'

Plug Ins expects 25% increase in

sales during Gitex


21/26

E MEGA PROJECTS


Posted byBrett Siegelat1:44 PM

Older Posts

19. Yibal Khuff sour development project 1,050

20. Development of Block 60 (Abu Butabul) 1,000

21. International medical city 1,000

22. Rabab-Harweel integrated project 1,000

23. Saraya Bandar Jissah Resort 1,000

24. Sohar iron ore pelletising plant expansion phase 2 1,000

25. Sohar PTA & PET plant 850

26. Dualization of Adam to Thumrait road 800

27. Sur steel plant phase 1 665

28. Nahayda-Ras Markaz terminal-Duqm refinery pipeline 600

29. Solar power plant (CSP) 600

30. Bodour NE Integratedsour oil and gas development project 500

31. Condensate recovery maximization 500

32. Main oil line true vapour pressure control project 500

33. Marmul enhanced oil recovery facilities phase 2 500

34. Marmul enhanced oil recovery facilities phase 3 500

35. Ras Markaz crude storage terminal 500

36. Rima fields Cluster 500

37. Salalah EDC and caustic soda facility 500

38. Sohar iron ore pelletising plant 500

39. Suwaiq IWP 500

40. Water Discus hotel Oman 500

For more information visit:

http://www.meedconferences.com/oman/

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Blog Archive

2014(7)

May(1)

Mega Projects Could Cost More Than Expected

April(2)

March(3)

January(1)

2013(12)

2012(14)

Al-Futtaim Automotive Group

takes pole position at Al Badia

Golf Club as main sponsor of

Dubai Festival City Challenge

Tour Grand Final

Al-Futtaim Motors major global

partner of TMC Australia

Plug Ins announces results of

UAE-wide CE survey

AME Info | Union Properties:

Union Properties Company plans

to launch 6 new projects worth

Dhs1.5bn

Union Properties offers Control

Tower at Motor City selling 20%

of the units within a record time

Two Union Properties DIFC

developments registered

Union Properties introduces

Dubai Flea Market at UPTOWN

Mirdiff

Union Properties finalizes sale ofRitz Carlton Hotel at DIFC

AME Info | Saba Properties:

Residents move into SABA-3

Tower

SABA-2 Residential Tower at JLT

opens for residents

Quality is key to a healthy Dubai

property market

SABA-4 Office Tower will ease

commercial property shortfall

Saba Real Estate lands new plotat Jumeirah Lakes Towers

AME Info | Hydra Properties:

Hydra Properties completes first

phase of Hydra Village

Hydra Properties to offer 50

residential units in Marina Square

for delivery in June 2010

Hydra Properties reaches out

customers at Cityscape Abu

Dhabi

Hydra Properties launches in-

house bilingual call centre

Hydra Towers to start rising as

foundation work is complete

AME Info | Plus Properties:

Plus Properties participates in

Erbil International Fair

Plus Properties participates in

Beirut International Property Fair

Plus Properties opens new Sales

Centre in Downtown Beirut


22/26

E MEGA PROJECTS


2011(7)

2010(11)

2009(19)

2008(142)

2007(13)

Plus Properties signs with Assets

- Real Estate Investments Jeddah

to sell Lebanese real estate

projects

Plus Properties hits $100m sales

in Venus Tower-Solidere Beirut

within 48 hours

AME Info | Diamond Investments:

The first sustainable city to be

launched in Dubai

Diamond Developers completes

first phase of Diamond Views

project

The Marina Diamond buildings

increase the total supply of

residential units in Dubai by 1300

homes

Diamond Investments hands over

Marina Diamond V

Construction work in progress for

Diamond Views 1 & 2 according

to Diamond Developers

AME Info | Tanmiyat Group:

Tanmiyat assures local investors

at Cityscape

Tanmiyat focuses on overseas

developments

Tanmiyat commences site visits

at Living Legends

Tanmiyat reaches out to Living

Legends home owners

Tanmiyat eyes international

emerging property markets

AME Info | SNASCO:

SNASCO Holding expands

operations throughout MENA

region

Snasco showcases investment

opportunities at Cairo

International Exhibition

Sharjah Investment Center

commences delivery of 240

phase1 plots to clients

Snasco's Sharjah Investment

Center continues to attractinvestment

Snasco partners in Algeria for

Oran waterfront development

AME Info | IRIS:

DNA Centre signs cooperation

deal with Iris Media

Hotelandrest signs cooperation

deal with EMG Worldwide

Landmark tourism website

launches in Abu Dhabi


23/26

E MEGA PROJECTS


Iris PR signs on new clients

Tourism promotion website

launches in Abu Dhabi

AME Info | Gulf Holding Company:

Gulf Holding Company signs new

project manager to develop

Villamar Project

Gulf Holding signs with Al Hamad

to complete the Villamar project

Gulf Holding shareholders

represented at Annual General

Meeting with 79.85% attendance

GHC celebrates topping out of

Villamar @ the Harbour - Tower

B

Villamar @ the Harbour project

on track

AME Info | Al Qudra Real Estate:

Abu Dhabi Urban Planning

Council awards Al Qudra Real

Estate National Housing Programproject in Al Ain

Al Qudra Real Estate announces

opening of its Holiday Inn hotel

in Abu Dhabi this month

Al Qudra Real Estate collaborates

with Al Hilal Bank to offer

financing at Cityscape Abu Dhabi

2009

Al Qudra Real Estate, platinum

sponsor of Cityscape Abu Dhabi

2009

Al Qudra Real Estate's concept

project, Al Nasseem, praised for

its sustainability and selected to

test Estidama guidelines

AME Info | Aqaar:

Aqaar receives master developer

licence for Ajman

Ajman One project on track for

2011 completion

Aqaar's Ajman One Phase 2

breaks ground

Aqaar and Accor Hospitality team

up to open new NovotelAqaar Properties announces

Phase 2 of Dhs2.7bn 'Ajman One'

AME Info | Burooj Properties:

Burooj Views completed and

ready for delivery

OCI awarded development

contract for Burooj Properties

Egypt project - Village Garden

Katameya


24/26

E MEGA PROJECTS


Burooj Properties unveils new

offers and incentives for Egypt

project

Burooj Properties to expand its

client base by investing in Egypt

Burooj Properties unveils new

'Mohammed bin Zayed' project

for medium and limited income

class

AME Info | Al Manal Development:

Al Manal Development to deliver

lakeside residence

Al Manal participates in Special

Real Estate Summit

Two contractors sign on for Al

Manal Development's latest

project

Al Manal Development first to

issue new RERA pre-registration

certificates

The first real estate trust

account opened by Al ManalDevelopment with Badr Al Islami

AME Info | Al Faraa Properties:

Al Fara'a Properties hands over

'Le Grand Chateau' project ahead

of 2010 deadline

Al Fara'a Properties affirms

steady construction progress

across its development portfolio

Al Fara'a Properties achieves

major milestone for its Dhs353m

Manhattan Luxury Apartments

Project

Al Fara'a Properties presented

`Best Development' award at

CNBC Arabian Property Awards

2008

Al Fara'a Properties unveils

Dhs2bn Bellatora Residences

AME Info | Al Mazaya Holding:

First Dubai signs agreement with

local Islamic Bank to renew

credit limits

Al Mazaya sees 45% increase in

rental income and 19% decrease

in finance cost

Al Mazaya General Assembly

agrees against distribution of

dividents for year 2012

Al Mazaya reports 92% increase in

net revenues resulting

Mazaya Qatar appoints new CEO

AME Info | RAK Properties:


25/26

E MEGA PROJECTS


RAK Properties set to launch two

new iconic residential projects at

Cityscape Global 2013

RAK Properties launches world-

class customer service centre

RAK Properties posts net profit of

Dhs51.10m in second quarter

year 2013

RAK Properties'

uae mega projects

Documents