LD Export Gulf States news
Advertisements

Saudi Qiddiya – the largest Entertainment City project to enter construction phase soon

Saudi Arabia’s multi-billion-dollar Qiddiya Entertainment City project will be entering the construction phase within the next few months, reported The Saudi Gazette, citing a top official.

 

“This year we will complete our plans and finish the primary work on the site and during the coming months we will shift to the construction phase,” stated its CEO Michael Reininger.

Qiddiya is one of the three mega-projects, besides the Neom smart-city and the Red Sea Project ,which was launched by Crown Prince Mohammed bin Salman. It will be located about 40 km from the city centre.

It is expected to be the world’s largest entertainment city by 2030, with a total area of 334 sq km, surpassing Walt Disney World in Florida, which is only 110 sq km, he stated.

The project targets local, regional and international tourists and will be Saudi Arabia’s pre-eminent entertainment, sports and cultural destination that embodies the Saudi identity, he added.

Phase One of the project will officially open in 2022, while the final phase ends in 2035.

“We will witness a large increase in the construction work in the site. We are racing against time for the opening of the project in four years from now,” noted Reininger.

Once completed, Qiddiya will be among the world’s top most entertainment projects. It is expected to attract more than seven million Saudi tourists every year, he added.

 

Source: http://www.tradearabia.com/news/CONS_355703.html

Saudi Vision 2030 – endless opportunities for entrepreneurs

Saudi Vision 2030 is a plan to reduce Saudi Arabia’s dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism. Goals include reinforcing economic and investment activities, increasing non-oil industry trade between countries through goods and consumer products, and increasing government spending on the military, manufacturing equipment and ammunition.

 

Below we have presented the Saudi Arabia’s Vision 2030 main projects to complete:

  • Neom
  • Renewable Energy Program
  • Nuclear power plants – Desalination plants
  • 4 Smart Cities
  • Rails phases
  • New sea ports
  • New airports
  • Waste management
  • The Red Sea Project
  • Qiddiya entertainment city
  • Amaala
  • Jean Nouvel’s Sharaan Resort in Al-Ula
  • Makkah Grand Mosque
  • Third Expansion
  • Jeddah Tower
  • Ministry of Housing’s Sakani Homes
  • Al Widyan
  • Riyadh Metro
  • Riyadh Rapid Bus Transit System
  • King Fahd Medical City Expansion
  • King Abdullah Bin Abdulaziz Medical Complexes
  • King Salman Energy Park (Spark)
  • Saudi Aramco’s Berri and Marjan Hanergy Solar Park
  • Saudi Aramco-Total’s PIB Factory
  • Pan-Asia bottling facility
  • Diriyah Gate Development Authority
  • Green Riyadh Project
  • Sharma Complex (Near Tabuk)
  • Economic City (Jazan)
  • King Abdullah Economic City
  • Abha Steps
  • Pure Commercial Complex
  • 4D Cinema Theaters
  • Terraces Park project
  • Biotech & Pharmaceutical firms
  • Fisheries Park – fertilizer
  • Mining Plants
  • Medical Cities
  • Healthcare System
  • New Taif City
  • Electric linkage with neighbors

 

 

An interesting video about Vision 2030 you can find on: https://www.youtube.com/watch?v=pataGZ-rW5g

 

GCC started celebration of Eid Al-Fitr!

UAE, Saudi Arabia and Bahrain have announced that panels on moon-sighting convened on Monday evening.

The celebration are taking place from Tuesday, 4th June till Thursday, 6th June.

The holiday marks the end of Ramadan, a month-long period of fasting and deep reflection.

Of course, we wish to All our Muslim friends: Eid Mubarak!

 

Nearly 430 new restaurants, cafes open in Dubai in 2019

Department of Economic Development Dubai report shows at least two restaurants and one coffee shop open daily in the emirate

The total number of new restaurants and cafes opening in Dubai has reached 427 during the first four months of 2019.

According to the Business Registration and Licensing sector in the Department of Economic Development Dubai, the number includes 258 restaurants and 169 coffee shops, a growth of 25 percent compared to the same period in 2018.

The figures show that at least two restaurants and one coffee shop open daily in Dubai, state news agency WAM reported on Monday.

Bur Dubai accounted for the largest share of operational restaurants and cafes, followed by Deira, the research revealed.

The report also showed that the top ten nationalities investing in this sector during the first four months of 2019 were Indians, followed by Brits, Ethiopians, Pakistanis and Lebanese.
The total number of workers in active restaurants and cafes in Dubai reached 1,566.

The DED said in the report that restaurants and cafes must maintain the highest standards to be accepted by the public, citizens, residents and tourists.

Source: Arabian Business

French majors eye Oman economic zone for investment

Four leading French companies announce plans to explore investment opportunities in the Special Economic Zone of Duqm

Four leading French companies have announced plans to explore investment opportunities in the Special Economic Zone of Duqm, Oman.

CMA CGM, EDF Renewables, FIVES and SUEZ announced the creation of the French Business Syndicate with the goal of assessing various investment possibilities.

In response to the recent visit to France of Yahya Al Jabri, chairman of the Special Economic Zone Authority of Duqm (SEZAD), the companies said the syndicate will further strengthen the business relationship between Oman and France.

The syndicate has showed interest in a global approach to cement factory ecosystems and related facilities including solar power generation plant and the production of alternative fuel.

The companies have also proposed to implement an educational programme to enhance the integration of young Omanis in the projects.

Al Jabri welcomed the French investments in Duqm saying the agreement reached by the four companies to study investment opportunities in the zone is in line with its aspirations.

 

Source: Arabian Business

Inside Dubai Exhibition Centre: the event hub at Expo 2020 Dubai

Bookings are already being taken for the Dubai Exhibition Centre ahead of Expo 2020 Dubai, which is set to draw 25 million visits

 

Inside Dubai Exhibition Centre: the event hub at Expo 2020 Dubai
Dubai Exhibition Centre (DEC), which opens for business on October 20, 2020, will be spread across two campuses, housing a theatre, auditorium, several multi-purpose halls, four suites and 24 meeting rooms, and customisable to all event needs, including large indoor concerts.
Expo 2020 Dubai unveiled details of the 45,000 sq m exhibition centre that will serve at the meeting hub for the six-month event, as well as a significant legacy asset for UAE.

Co-located at the Expo 2020 site, the DEC forms a key part of Expo 2020’s legacy, where it will also serve District 2020, the integrated urban development that will repurpose more than 80 percent of Expo’s built environment.

Expo 2020 Dubai released a new 3D animated fly-through of the new venue, which will attract both domestic and international visitors

“By any standard, the Dubai Exhibition Centre will be a cutting edge venue that will play a pivotal role during Expo 2020,” said Ahmed Al Khatib, chief delivery officer, Expo 2020 Dubai

“But the impact of such a unique space will stretch well beyond the six months of the Expo, boosting the region’s meetings and events industry, furthering the UAE’s reputation as a destination for major conferences, and fuelling growth in Dubai’s knowledge-based economy for many years to come.”

Bookings are already being taken for the DEC ahead of Expo 2020 Dubai, which is set to draw 25 million visits.

“There will be no place on the planet offering more exceptional business networking opportunities than Expo 2020 Dubai, and the DEC will be right at its heart,” said Shaun Vorster, vice president, strategy and business integration – Programming at Expo 2020 Dubai.

“Bookings are already going well and this latest 3D animated fly-through, which gives a taster of the high-tech facilities on offer, has already sparked keen interest among the 190 countries participating in Expo 2020.”

The multi-purpose venue is expected to be used by the wider community as a location for summits, business festivals, seminars, weddings, gala dinners and live performances.

 

Source: https://www.arabianbusiness.com/construction/418362-inside-dubai-exhibition-centre-the-event-hub-at-expo-2020-dubai

Please note, our CEO will be presenting practical information how to enter the EXPO 2020 and how to prepare companies to visit the exhibition next year. 

More information on our presentation: https://www.beci.be/events/dubai-saisissez-les-opportunites-daffaire-a-la-veille-de-lexpo-2020/?utm_source=Newsletter&utm_medium=email&utm_content=Dubai+%3A+saisissez+les+opportunit%C3%A9s+d+affaire+%C3%A0+la+veille+de+l+Expo+2020&utm_campaign=2019+05+15+Duba%C3%AF+Expo+2020+29+05+2019

Hyundai completes 36km Kuwaiti causeway

Hyundai Engineering & Construction of South Korea yesterday completed the $2.6bn, 36km Sheikh Jaber causeway that links Kuwait City and the Subiyah area across Kuwait Bay.

 

The completion was marked by a ceremony attended by Korean prime minister Lee Nak-yon and Kuwait’s emir, Shaikh Sabah Al Ahmad Al Sabah.

The project is part of the country’s Silk City infrastructure scheme, which aims to link the Gulf to central Asia and Europe.

Hyundai E&C won the project along with Kuwait’s Combined Group Contracting, in which it holds a 78% stake.

The causeway, which was built after 66 months of construction, shortens the travel time between the capital city and Subiyah from 90 minutes to lass than half an hour.

Construction involved building 330,000 sq m of artificial islands and a 340m asymmetrical cable-stayed bridge.

 

Source: http://www.globalconstructionreview.com/news/hyundai-completes-36km-kuwaiti-causeway/

Work set to start on $1.6bn Dulmunia’s Grand Canal in Bahrain

Construction contract for the 1.7km long Grand Canal will be awarded by June, says developer

Construction work on a 1.7km canal is set to start as part of the $1.6 billion Dilmunia Project, a mixed-use development built on a man-made island, off the coast of Muharraq in Bahrain.

Ithmaar Development Company (IDC), the development manager for Dilmunia, has announced the completion of the foundations and soil preparatory works for the Dilmunia Grand Canal and Marina, marking a significant milestone for the project.

Dilmunia will offer homes, hospitality and leisure, F&B strips and shopping districts on the 125-hectare man-made island.

The contract for the Grand Canal works will be awarded by June.

In December, Abu Dhabi-based NSCC International was awarded the foundations and soil preparatory works package for $4.5 million and their completion will enable Ithmaar to now proceed with the final step of the construction of the Grand Canal.

The Dilmunia Grand Canal and Marina is a major element of the development and will feature public promenades, geysers, water fountains, water walls, water cascades, boardwalks and viewing decks.

With a total length of 1.7 km, and a width spanning 15-35 metres, it will have sea water pumped in around the mid-point of the canal with the water flowing via gravity in two opposing directions.

The canal will run through the entire stretch of Dilmunia in a semi-circular route, making it Bahrain’s largest man-made water body.

Mohammed Khalil Alsayed, CEO of IDC, said: “We are pleased to have reached another milestone in the continuing progress of Dilmunia and we are happy that the works proceeded smoothly on schedule.”

Alsayed added that with properties in Dilmunia now being allowed for purchase by foreign nationals and the increasing number of inhabitants in the island, its attractiveness has gained further traction.

Dilmunia offers a range of residential and commercial amenities, including The Treasure by Bin Faqeeh Development Company, The Essence of Dilmunia by Ahmed Al Qaed Group, and Seavilla by IDC.
Projects also underway include CanalView” by Naseej, The Hanging Gardens by Ahmed Al Qaed Group, Al Tijaria Resort Project by The Commercial Real Estate Development Co and the Mall of Dilmunia, set for completion before the end of 2019.

 

Source: https://www.arabianbusiness.com/construction/418976-work-set-to-start-on-16bn-dulmunias-grand-canal-in-bahrain

Ramadan, an Islamic holy month began yesterday.

Hundreds of millions of Muslims across the world began fasting on Monday in observance of the Islamic holy month of Ramadan, with the rest set to follow on Tuesday.

For 29 or 30 days, depending on the sighting of the next new moon, practising Muslims will abstain from eating, drinking and smoking during daylight hours.

In addition to its spiritual dimension, the month is also a time for families to come together by sharing meals after dusk and before dawn (or iftar and suhoor).

We wish to All our Muslim Partners: Ramadan Kareem and may you and your family have a very happy and blessed Ramadan.

UAE construction market said to be worth over $1trn

Protenders research reveals that 28% of all projects in the UAE are on hold

About 28 percent of the UAE’s construction projects are currently on hold, according to research by Protenders.

It said that the total value of the UAE construction sector is $1.01 trillion, with $284.7 billion on hold, without giving reasons or a comparative figure.

The research also revealed that $420.1 billion worth of projects are currently under construction, making up 42 percent of the total.

It added that $80.8 billion of projects are in the planning phase (8 percent), $152.7 billion are in the design phase (15 percent) with $72.6 billion at the tendering stage (7 percent).

Of the ongoing projects, Protenders said urban buildings make up 57 percent of the total development ($238.3 billion) while oil and gas projects make up 24 percent ($100.5 billion) and infrastructure represent 19 percent ($81.3 billion).

Of the upcoming $306 billion of projects, Protenders said that urban make up 42 percent, infrastructure 38 percent, oil and gas 20 percent.

The report also identified the top five developers in the UAE, according to the value of their projects. It named Abu Dhabi General Services (Musanada) as the top developer, with 27 percent of the total value of the construction pipeline, followed by Emaar Properties (25 percent), Adnoc (22 percent), the Roads and Transport Authority (21 percent) and Abu Dhabi Department of Transport (18 percent).

Last month, Dubai Municipality said that it approved 29,000 building permits in 2018, while 6,043 buildings were completed last year.

Dawoud Al Hajri, director general of Dubai Municipality said that the total area of construction completed in 2018 was 100 million square feet, which is a 6 percent increase in Dubai’s urban construction sector compared to that of 2017.

The municipality also said it approved the registration of 802 new contracting companies of different types in Dubai.

 

Source: https://www.arabianbusiness.com/construction/416868-284bn-construction-projects-said-to-on-hold-in-the-uae