Turner & Townsend wins Tiffany deal
TURNER & Townsend has been awarded the cost management framework for Tiffany & Co’s emerging market business.
Under the contract, the global programme management and construction consultancy will assist with the renovation of Tiffany stores across the Middle East, Eastern Europe and the emerging markets, and liaise with its global offices. Turner & Townsend will be providing cost management services from its Dubai office as well as expert advice on contractual issues and procurement.
Commenting on the project, Turner & Townsend UAE country manager Alan Talabani said: “Tiffany & Co is a truly iconic brand and it is an honour to be assisting with its expansion across the emerging market.
“The central challenge on a project of this scale will always be communicating across different time zones and countries; however Turner & Townsend’s global network of 74 offices makes all the difference, allowing for local expertise to be employed across the emerging markets as well as a face-to-face service for the core Tiffany & Co team based in New York.”
Work starts on Dubai school
A ground-breaking ceremony has held last month marking the launch of work on the Foremarke School Dubai, which is expected to open in September.
The school in Al Barsha South will be the first overseas venture for a UK junior school and is the result of a partnership between Foremarke Hall (Repton Preparatory School) and Evolvence Knowledge Investments (EKI), the wholly-owned education subsidiary of Evolvence Capital, one of the leading alternative investment firms in the GCC.
Located within the DuBiotech Science Park development in Dubai and covering a 25,978-sq-m site, the school is being built by international construction firm Brookfield Multiplex and will accommodate 1,280 children at full capacity.
$3.8bn budget for Dewa
THE Dubai Electricity and Water Authority (Dewa) has announced a Dh13.8-billion ($3.76 billion) budget for 2013, a modest increase over 2012 expenses.
It has allocated Dh12.51 billion ($3.4 billion) for operating budget and Dh1.21 billion ($329.7 million) for investment in capital projects and purchases, the state utility said.
The utility’s total combined production capacity at the end of 2012 was 9,646 MW of electricity and 470 million gallons per day (gpd) of water. Over the past year the peak power load reached 6,637 MW with a reserve margin exceeding 3,000 MW. The peak demand for water during 2012 was 285 gpd with a reserve margin estimated at 185 gpd of water.