UAE Focus

Belhasa Six Construct, part of the Belgian Besix Group, has been appointed as the infrastructure contractor for the recently announced Dh394-million ($107 million) Shindagha Bridge project in Dubai.

Ducab, a global leader in the manufacture of copper and aluminium wire and cable products, said its joint venture firm Ducab HV has successfully completed a 400-kV cable circuit two months ahead of schedule for an Abu Dhabi project.

Al Farwaniya Property Developments has laid the foundation stone for Reem Mall, the biggest retail, leisure and entertainment destination in Abu Dhabi, being built at a cost of $1.2-billion on Reem Island.

Sharjah Airport Authority (SAA) has signed three agreements worth approximately Dh100 million ($27.2 million) for the ongoing comprehensive expansion of its airport, a media report said.

Damac Properties said its four-tower master-development Damac Towers by Paramount, is nearing completion, after logging a record 25 million safe worker hours, eight times more than the industry average of three million hours. The record marks almost 2,000 days of incident-free work.

Egis, an international group offering engineering, project structuring and operations services, has been awarded a project management consultancy (PMC) contract for the development of the UAE railway network (Stages Two and Three).

Emaar Development, a UAE build-to-sell property development business majority-owned by Emaar Properties, has launched Grande, a 78-storey residential tower located in the heart of The Opera District in Downtown Dubai.

Eagle Hills Sharjah, a leading real estate investment and development company, has launched Sapphire Beach Residence, the second residential building of the flagship Maryam Island project in Sharjah.

Mediterranean Shipping Company (MSC), a Swiss-based leader in global transportation and logistics, is set to invest close to Dh4 billion ($1.08 billion) on the development of a new container terminal at Khalifa Port in Abu Dhabi. The funding comes as part of a 30-year concession agreement it has signed with Abu Dhabi Ports.

Sharjah Holding, a strategic partnership between Majid Al Futtaim – Properties and Sharjah Asset Management, has launched Uptown Al Zahia, the newest neighbourhood in Sharjah’s premier lifestyle destination – Al Zahia.

UAE developer Meraas has signed a strategic deal with Carnival Corporation, a US-based cruise company and the world’s largest travel leisure company, to transform Dubai into a major regional maritime tourism hub.

Leading developer Nakheel has invited tenders for piling and enabling works at Palm360, its iconic, two-tower luxury hotel and residential landmark project coming up on a 500,000-sq-ft area at Palm Jumeirah in Dubai. The news comes as Nakheel assesses ground work preparation bids for the Palm360 site, following a tender release in March.

Nakheel said work on The Pointe, its Dh800-million ($217 million) waterfront dining and entertainment destination coming up on Palm Jumeirah, is nearing completion. Managed by Nakheel Malls, the retail arm of the top Emirati developer, The Pointe features unique concepts from around the globe with over 100 dining and retail outlets on offer.

Hyatt on Palm ‘ready by year-end’ UAE-based wasl Asset Management Group said work is in full swing at its major hotel development, Hyatt Centric The Palm Dubai, with 69 per cent of the construction already completed and on track for launch by the year-end.