BELHASA Six Construct Company has been awarded a Dh802-million ($218 million) deal to carry out the construction work on Phase Three of the Dubai Water Canal project. Dubai’s Road Transport Authority (RTA) has given the go-ahead for the contract, bringing the total cost of the three phases of the project to Dh1.76 billion ($479 million).
UAE third in world CSP ranking THE UAE has been ranked third in the world in concentrated solar power (CSP) generation. Masdar’s Shams One CSP plant in Abu Dhabi helped the UAE achieve this distinction – behind only Spain and the US – in both 2013 CSP technology investment and total CSP capacity.
RTKL, the worldwide architecture, engineering, planning and creative services organisation, has begun design work on The Reem Mall in Abu Dhabi, following its appointment as the design consultant on the project by National Real Estate Company (NREC), one of the leading real estate developers in the Middle East and North Africa (Mena).
HABTOOR Leighton Group (HLG) has been awarded a Dh1.45-billion ($395 million) contract by Dubai International Real Estate (Dire) for work on a key package of the Jewel of the Creek mixed-use project in Port Saeed, Dubai. The contract for Package Eight forms a significant part of the Dh3-billion ($817 million) development.
CONSTRUCTION work is expected to start shortly in Dubai on what is expected to be the largest economy hotel in the Middle East.
OMNIYAT, a leading developer in the Middle East, said work on its flagship project The Opus has reached the halfway mark, with the structure due to be completed in October. The Dh2.
DUBAI-based real estate developer Nakheel and Hong Kong-based Shangri-La Hotels and resorts have signed an agreement to construct and manage a 52-level five-star hotel and residential complex in Palm Jumeirah in Dubai.
EMIRATES Pearl for Development and Investment (EPDI), which is developing a 47-storey hotel in central Abu Dhabi, has signed an agreement with a Hyatt Hotels Corporation affiliate for the management of the property.