Tuesday, February 21, 2017

Oasis Coils & Coatings in HPT software upgrade

Oasis Coils & Coatings (OCC), a key player in the heating, ventilation and air-conditioning (HVAC) sector in the Gulf region, has announced the upgrade of its HPT (Heat Pipe Technology) SelectPlus Design Software following a performance rating by Intertek, the testing agency of Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

A member of the UAE-based Al Shirawi Group of Companies, OCC is the exclusive manufacturer and distributor of HPT in the region.

SelectPlus, a cloud-based software solution that directly assists with heat pipe design, was modified and enhanced in accordance with the latest test results, said the company in a statement.

The fine-tuning has resulted in performance optimisation of all Heat Recovery Modules (HRM) and Dehumidifier Heat Pipe (DHP) within SelectPlus, it added.

Mazen Awad, senior VP (Sales and Marketing) HPT, said the design software had a loyal user-base in this region and it was committed to provide them with the best-in-class performance.

"This rating has resulted in the re-alignment of some aspects of the software to enable users to maximise the performance of heat pipes during the summer season," he noted.

Roshan Roy, the global sales manager of OCC, said: "HPT SelectPlus is perhaps the only product in its category in the region that has undergone such rigorous testing to ensure that it is performing to the expected standards set by the AHRI."

"HPT remains committed to achieving AHRI certification and we are proud to represent this quality-conscious, customer-focused brand in the region," he noted.

SelectPlus allows HPT representatives, design engineers and OEMs to access workflow processes that are central to their roles in the design, specification, and installation of HPT solutions, remarked Awad.

Its capabilities include the selection of DHPs, Energy Recovery Heat Pipes and the ability to calculate the Recovery Efficiency Ratio (RER) to determine true net savings.

In addition to being the manufacturer and distributor of HPT heat pipes in the Gulf region, OCC makes all types and sizes of finned tube coils for a broad range of HVAC applications.

It is also into the application of anti-corrosive coating to HVAC coils to improve the life of coils and has a dedicated plant for anti-corrosive coating in Dubai Industrial City.-TradeArabia News Service



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Balfour Beatty in deal to sell Middle East ventures

Balfour Beatty, a leading international infrastructure group, said it has reached an agreement with its joint venture partner in the Middle East region to sell its entire stake in Dutco Balfour Beatty and BK Gulf, subject to regulatory approval, for a total cash consideration of £11 million ($13.6 million).  

Dutco Balfour Beatty, a key player in the regional construction and engineering sector, is a joint venture between Dubai Transport Company and Balfour Beatty, while BK Gulf is a leading mechanical, electrical and plumbing (MEP) contractor in the UAE.

As part of the transaction, the local partner will assume responsibility for Balfour Beatty’s guarantees of bonding obligations in the joint ventures, stated the company in a statement.

Group chief executive Leo Quinn said: "We continue to simplify the group and strengthen the balance sheet through our Build to Last programme. As a result, Balfour Beatty enters Phase Two of its transformation with a solid foundation for long term profitable growth."

Since the start of 2015, Balfour Beatty has exited the Middle East, Indonesia and Australia in order to focus on its chosen markets, in the UK, US and Far East.-TradeArabia News Service
 



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Airbus launches new 'Future Scientists' initiative in Abu Dhabi

Airbus and Al Bayt Mitwahid, the initiative founded by the employees of the Crown Prince Court of Abu Dhabi, today unveiled a joint initiative to encourage bright Emirati students to discover, explore and choose a career path within the aerospace industry.

The programme, called ‘Future Scientists’, aims to inspire and ignite a passion for Stem (science, technology, engineering and mathematics) innovation among young Emiratis. It seeks to build a world-class UAE talent pool that the global aerospace industry can ultimately attract, nurture and retain.

A Memorandum of Understanding (MoU), underlining the programme objectives, was signed today at IDEX, between Saif Al Qubaisi, chairman of Al Bayt Mitwahid Associations; and Mikail Houari, president, Airbus Africa and Middle East.

‘Future Scientists’ will provide up to 21 Emirati high-school students the opportunity to discover the aeronautics industry over a period of three years. Through engaging and hands-on sessions, participants will have the chance to learn about best industry practices, get exposed to real-life aerospace challenges and receive mentorship and advice on a career path within the industry.

The programme also includes activities such as industrial site visits in Europe and the UAE, regular classroom sessions with industry experts and access to regional and global aerospace events. At the end of the programme, the students will receive an internship at Airbus or its industry partners’ facilities in the UAE and an opportunity to work alongside seasoned professionals.

“The Future Scientists initiative firmly asserts the importance of investing in our youth who are our future,” said Al Qubaisi. "It supports the nation’s Vision 2021 and UAE innovation strategy, and aims to build a leading Emirati workforce that is capable of taking the UAE’s aerospace industry to greater heights.”

“We value our collaboration with Airbus and are confident that this initiative will empower and provide the right foundation for the young Emirati to dream big and turn it into reality,” added Al Qubaisi.

Airbus’ portfolio of talent and capacity building global and regional initiatives such as the ‘Fly Your Ideas’, ‘The Airbus Little Engineer’ and ‘Entaliq with Airbus’, demonstrates its commitment to the future of aviation. These programmes aim to stretch students’ imagination and apply their classroom learning and research into real-life practice.

Mikail Houari, president, Airbus Africa and Middle East, said: “The aerospace industry thrives on innovation and it is our privilege to work closely with the local governments and inspire young minds to embrace Stem subjects for a better tomorrow.”

“The ‘Future Scientists’ programme will offer a creative learning environment, but more importantly, it will instil a pioneering spirit and prepare the Emirati youth to disrupt and transform the global aerospace sector in the near future.” - TradeArabia News Service



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Arthur & Hardman unveils new Italian-style luxury property

Arthur & Hardman, the development arm of global business conglomerate Reign Holdings, has launched Milano by Giovanni Boutique Suites, a premium Italian style luxury property in Dubai’s Jumeirah Village Circle - at an estimated investment of Dh125 million ($34 million).

The developer has many competitive options in all lot sizes with prices starting from Dh499,000 ($135,831) for a studio and going up to Dh1.3 million ($353,868) for a two-bed hotel apartment. The project is expected to be handed over in June 2018 and has a flexible payment plan of 50 per cent until completion and 50 per cent at handover.

Arthur & Hardman develops world-class, fully integrated lifestyle communities that meet the distinct gamut of residential and commercial needs in Dubai. Milano by Giovanni Boutique Suites is part of a sprawling development of three types of boutique suites, inspired by and named after the most remarkable Italian cities – Milano, Roma, Naples and Venice.

Reign Holdings has delivered over 50 high-grade developments across the world with projects across markets within the UK, Bulgaria, the UAE and India - with a regional fund portfolio of $1 billion and growing. The Group has diversified the funds risks into different sectors such as healthcare, recruitment and property investment and developments.

Commenting on the launch of the project, Samir Salya, chairman of Reign Holdings, said: “We are proud to launch the region’s first-of-its-kind Italian style luxury property in the Jumeirah Village Circle. We welcome investors from different parts of the world to the new name in Dubai’s luxury community living. The exclusive collection of high-end properties, designed and styled by master Italian artists, is something special for the region, as it consists of 124 fully furnished hotel apartments with an internationally recognized four-star facility, managed by a leading international hotel operator. This means, investors will have all the amenities and luxury they enjoy in leading hotels and at same time they would be able to call it ‘home sweet home’.”

“We have started sales for the property, where buyers can either purchase the unit as an end-user, or rent it out, or hand it over to the hotel operator. The unit will go to a rental pool and the income will be divided among owners based on their unit's area. The owner will have a certain amount of days allocated where s/he can stay in the apartment,” he added.

“We have already delivered a residential project called Roma Giovanni Boutique Suites with 400 furnished apartments in Dubai Sports City. The project was fully sold out. Arthur & Hardman has other projects in various stages of development. These include residential towers, hotels and iconic skyscrapers in Dubai Marina, Meydan, the Business Bay and DWC. Recently, we delivered 400 furnished units named Roma by Giovanni Boutique Suites in Dubai Sports City,” Salya further said.

“Naples by Giovanni Boutique Suites in Jumeirah Village Circle will be our next upcoming project, which is again going to be a fantastic bespoke style hotel apartment property and we have plans to launch a further 10 projects in the next 24 months. Reign Holdings has land bank worth about $150 million in Dubai,” he added.

The 18-floor Milano by Giovanni Boutique Suites features in-built facilities for luxury retail and temperature-controlled swimming pool and other unique amenities, offering a complete lifestyle featuring collaborations with renowned international hotel management companies. The property also features amenities like spa, cafe, 24-hour concierge, gym, retail and four floors of parking.

“Reign has a client base from all around the world. We believe keeping a strong footing in all areas expands quality of our product as you get an idea of what customers want from homes from all different walks of life. Previously we have had a lot of Russian, Indian and European clients and recently we have seen an exertion from Far Eastern clients, so the market is always evolving making Dubai a truly global brand,” Salya said. - TradeArabia News Service
 



from Construction Realestate

Arthur & Hardman unveils new Italian-style luxury property

Arthur & Hardman, the development arm of global business conglomerate Reign Holdings, has launched Milano by Giovanni Boutique Suites, a premium Italian style luxury property in Dubai’s Jumeirah Village Circle - at an estimated investment of Dh125 million ($34 million).

The developer has many competitive options in all lot sizes with prices starting from Dh499,000 ($135,831) for a studio and going up to Dh1.3 million ($353,868) for a two-bed hotel apartment. The project is expected to be handed over in June 2018 and has a flexible payment plan of 50 per cent until completion and 50 per cent at handover.

Arthur & Hardman develops world-class, fully integrated lifestyle communities that meet the distinct gamut of residential and commercial needs in Dubai. Milano by Giovanni Boutique Suites is part of a sprawling development of three types of boutique suites, inspired by and named after the most remarkable Italian cities – Milano, Roma, Naples and Venice.

Reign Holdings has delivered over 50 high-grade developments across the world with projects across markets within the UK, Bulgaria, the UAE and India - with a regional fund portfolio of $1 billion and growing. The Group has diversified the funds risks into different sectors such as healthcare, recruitment and property investment and developments.

Commenting on the launch of the project, Samir Salya, chairman of Reign Holdings, said: “We are proud to launch the region’s first-of-its-kind Italian style luxury property in the Jumeirah Village Circle. We welcome investors from different parts of the world to the new name in Dubai’s luxury community living. The exclusive collection of high-end properties, designed and styled by master Italian artists, is something special for the region, as it consists of 124 fully furnished hotel apartments with an internationally recognized four-star facility, managed by a leading international hotel operator. This means, investors will have all the amenities and luxury they enjoy in leading hotels and at same time they would be able to call it ‘home sweet home’.”

“We have started sales for the property, where buyers can either purchase the unit as an end-user, or rent it out, or hand it over to the hotel operator. The unit will go to a rental pool and the income will be divided among owners based on their unit's area. The owner will have a certain amount of days allocated where s/he can stay in the apartment,” he added.

“We have already delivered a residential project called Roma Giovanni Boutique Suites with 400 furnished apartments in Dubai Sports City. The project was fully sold out. Arthur & Hardman has other projects in various stages of development. These include residential towers, hotels and iconic skyscrapers in Dubai Marina, Meydan, the Business Bay and DWC. Recently, we delivered 400 furnished units named Roma by Giovanni Boutique Suites in Dubai Sports City,” Salya further said.

“Naples by Giovanni Boutique Suites in Jumeirah Village Circle will be our next upcoming project, which is again going to be a fantastic bespoke style hotel apartment property and we have plans to launch a further 10 projects in the next 24 months. Reign Holdings has land bank worth about $150 million in Dubai,” he added.

The 18-floor Milano by Giovanni Boutique Suites features in-built facilities for luxury retail and temperature-controlled swimming pool and other unique amenities, offering a complete lifestyle featuring collaborations with renowned international hotel management companies. The property also features amenities like spa, cafe, 24-hour concierge, gym, retail and four floors of parking.

“Reign has a client base from all around the world. We believe keeping a strong footing in all areas expands quality of our product as you get an idea of what customers want from homes from all different walks of life. Previously we have had a lot of Russian, Indian and European clients and recently we have seen an exertion from Far Eastern clients, so the market is always evolving making Dubai a truly global brand,” Salya said. - TradeArabia News Service
 



from Travel Tourism Hospitality

Russia, Iran begin building 1.4GW power plant

Russia and Iran have begun the construction of a 1.4-gigawatt (GW) thermal power plant in the city of Bandar Abbas in southern Iran, a report said.

Russian company Technopromexport and an Iranian holding company signed an agreement on the construction of a thermal power plant in Iran with €1.2 billion ($1.27 billion) funding of by Russia, reported Iran Daily, citing Sputnik.

The Russians will also improve the efficiency at the Ramin power plant in Khuzestan Province to 50-55 percent from the current 36 percent, a government official said.

"The two power contracts between Iran and Russia are worth several billion dollars. The details will be announced in the future," he added.



from Construction Realestate

Emirates to offer services to Phnom Penh in Cambodia

Phnom Penh in Cambodia will be the latest destination Emirates will serve from July 1 this year, with a Boeing 777-300ER aircraft in a two class configuration.

Outbound, flight EK388 will Depart Dubai at 0915hrs, and will arrive in Yangon at 1725hrs. It will then depart Yangon at 1855hrs, before arriving at Phnom Penh at 2125hrs.  The departure time of flight EK388 from Dubai seamlessly connects with a number of European services such as Paris, London, and Frankfurt. On the return segment, flight EK389 will depart Phnom Penh at 2310hrs, and will arrive in Dubai at 0540hrs the next day, after a short stop in Yangon. All times are local.

The launch of daily services from Dubai to Phnom Penh will coincide with the introduction of a direct, non-stop route between Dubai and Hanoi. From July 1, Emirates passengers travelling to Hanoi will no longer stop in Yangon before reaching the Vietnamese capital.

Phnom Penh, located in the south-central region of Cambodia, is the most populous city in Cambodia and is a gateway to World Heritage Site Angkor Wat, near Siem Reap. Recent growth and infrastructure development has led to Phnom Penh becoming a significant economic and tourism destination. There were more than 4.7 million foreign tourist arrivals to Cambodia in 2015 and this is forecast to rise to 8 million by 2020. The inauguration of the Phnom Penh Airport terminal extension in March last year will complement this growth, effectively doubling passenger capacity.

The new Dubai-Yangon-Phnom Penh route will also enable passengers from Yangon to travel to Phnom Penh and vice versa. Emirates will be the only airline with a direct service between these two cities.

In terms of cargo, garments and clothing are expected to be popular exports from Phnom Penh on this route.

All services between Dubai and Phnom Penh will offer two classes of travel – Business and Economy, with generous free baggage allowance (up to 35kg in Economy Class and 40kg in Business Class). Passengers on Emirates flights can also look forward to the award-winning inflight entertainment, ice, with more than 2,500 channels and free wi-fi, which is available on select Emirates aircraft.

Tickets can be booked online through www.emirates.com or authorised travel agents. - TradeArabia News Service



from Travel Tourism Hospitality

Dentons boosts construction, dispute resolution team

Dentons, one of the world's largest law firms, has announced that Alastair Young, an industry veteran, has joined the Middle East Construction and Dispute Resolution practice in Dubai, UAE.

Alastair recently relocated from Dentons' London office where he was based since joining the firm in 2011.

Alastair will initially lead Dentons' UAE Disputes practice and then the wider Middle East Disputes practice from May 1.

Dual qualified both as a barrister (since 1996) and as a solicitor (since 2007), he has been practising in the Middle East while based in the UK since 2007 and has a wealth of experience acting for international companies operating in the region.

Alastair has extensive experience of all forms of dispute resolution, including litigation in the UK's Technology and Construction Court, statutory/contractual adjudication, alternative dispute resolution (ADR) (including mediation and expert determination) and domestic and international arbitration.

Andrew Jones, partner and head of construction in the Middle East at Dentons, said: "We are pleased to welcome Alastair to our Middle East practice. His move strengthens our team and demonstrates Dentons' ongoing commitment to and investment in the region."

Paul Jarvis, Dentons' managing partner for the Middle East, commented, "Alastair is a great addition to our Middle East practice. His clients will benefit from his great wealth of international experience as we continue to see the rise of disputes where the resolution can take place in multiple jurisdictions."

Alastair provides advice in relation to all types of construction and engineering disputes. As a result of his former experience at the Bar – where he undertook criminal and forensic work – he also advises businesses in relation to investigatory and regulatory matters.-TradeArabia News Service



from Construction Realestate

The Ritz-Carlton Riyadh welcomes new executive sous chef

The Ritz-Carlton, Riyadh has appointed Riccardo Pinna as the executive sous chef for Azzurro Restaurant.

An experienced chef, Pinna's portfolio includes resourceful knowledge in launching and successfully opening five-star restaurants such as Villa Almarin Restaurant in Boutique Hotel, in addition to managing a fine dining restaurant, which he successfully did for four years at La Strada Restaurant and Café in Sumotori Company in Russia, while managing 20 chefs.

In his new role, Pinna will lead the Italian restaurant team and update the menu to include the finest of Italy’s favorite dishes throughout the various regions.

Azzurro menu offers a fusion of dishes from the most famous gastronomic regions of Italy with great emphasis on the southern region. Guests can choose from a vast variety of dishes, from homemade pasta to Neapolitan pizza, and a healthy combination of meat and fish like slow braised veal cheek, Azzurro’s veal Milanese, tagliolini with lobster and John Dory Acqua Pazza style. - TradeArabia News Service



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Monday, February 20, 2017

Dewa tops global average in sustainability index

The Dubai Electricity and Water Authority (Dewa) has achieved outstanding results through the Sustainability Culture Indicator achieving 88.7 per cent in 2016, an increase of 3.7 per cent over the previous year and exceeding the global average.

 The Sustainability Culture Indicator is conducted annually by organisations to measure their ability to instil a culture of sustainability among the business community, establish a culture of sustainability among employees, and in adherence with the directives of the wise leadership, and the national objective to build a sustainable future.

The survey witnessed the participation of over 3,126 employees from different sectors. The results showed a positive increase across all individual and organisational levels in the areas of commitment, leadership, and sustainability. This reflects Dewa’s efforts throughout the year, to improve institutional performance, and implement a culture of sustainability among employees while enhancing their abilities as per the highest international standards.

“The indicator offers credible, transparent, and in-depth results, based on a reliable methodology. This has enabled us to identify the level of awareness that has been adopted among employees regarding sustainability. The results achieved exceed the average results attained from other organisations that have completed the survey. This reflects a high level of awareness among employees regarding sustainability, as well as their commitment towards achieving it,” said Saeed Mohammed Al Tayer, MD & CEO of Dewa.

“These outstanding results reflect Dewa’s efforts to improve its organisational performance, and enhance the capabilities of employees to effectively contribute towards achieving sustainability. This supports the UAE Vision 2021 and the Dubai Plan 2021, to preserve the environment, increase reliance on clean energy sources, and transform Dubai into a smart and sustainable city with resources that are clean, healthy, and sustainable,” added Al Tayer.

The Sustainability Culture Indicator is based on the principles of achieving sustainability, strategic commitment, innovation in the field of sustainability, personal commitment, the ability to make a difference, training, and raising awareness regarding sustainability.- TradeArabia News Service



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$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said.

Gas spending is also set to increase as countries such as Saudi Arabia and the UAE study higher-cost sour gas and shale gas plans to meet rapidly-growing domestic demand, according to Meed Insight’s Mena Oil and Gas Report 2017.

Last year saw average crude prices drop to a 13-year low as oil and gas producers in the Mena region continued to face the impact of global oversupply.

The drop in crude revenues coincided with an eight-year low in the value of engineering, procurement and construction (EPC) contracts awarded in the regional oil, gas and petrochemicals sectors.

Investment in the Mena hydrocarbons industries hit an eight-year low in 2016, dropping 34 per cent to $32.4 billion.

“The oil, gas and petrochemicals sectors will continue to be the backbone of economies across the Mena region,” Meed editorial director, Richard Thompson was quoted as saying in the report.

“With an estimated $294 billion-worth of projects in the pre-execution phase, the sector provides a wealth of opportunity for business from Saudi Arabia’s ambitious oil-to-chemicals complex to the re-emergence of the Iran oil industry following years of sanctions.”

Upstream investment has been driven by the need to meet rising demand, at both home and abroad, and the need to replace resources lost through natural depletion. In the GCC, Saudi Arabia, the UAE,

Kuwait and Qatar have all raised their sustainable crude oil production capacity, while Oman has managed to reverse a slump in output through its enhanced oil recovery (EOR) programme. Outside the GCC, production capacity and output has stagnated or fallen in Algeria, Egypt and Libya, mainly due to the political problems in those states. Iraq has been able to increase capacity through one of the world’s largest upstream investment programmes.

In terms of a subsector breakdown of future projects, the largest sector is petrochemicals with over a quarter of total projects planned. Many projects in this sector, however, are at an early stage and the current market environment for petrochemicals is not strong. The future of many of them also depends on the availability of feedstock, which has held back many GCC petrochemicals projects in the past. Oil refinery projects rank in second place with the announcement of several new refinery projects in Iraq boosting this sector. Spending is also anticipated on new refineries in Bahrain and Oman.

With capital spending on oil & gas projects of about $44.3 billion, Kuwait has been by far the biggest spender over the past two years after a slump in project spending at the start of the decade. That was driven by major projects such as the Clean Fuels Project, the Al-Zour refinery (also known as the New Refinery Project) and the Lower Fars heavy oil handling facilities.

Kuwait is only number five however in terms of pre-execution project value. This includes the estimated $7 billion Olefins 3 petrochemicals project and phases two and three of the Ratqa Lower Fars Heavy Oil project.

In the UAE, lower prices have been a driver of workforce reduction and consolidation. Abu Dhabi National Oil Company (ADNOC) is merging its two offshore oil producers as well as several logistics subsidiaries to low costs and streamline operations. Job cuts have also been administered at Qatar’s major gas companies.

Over the period in review the UAE has been the third most valuable market for hydrocarbons projects, spending $35.1 billion. Abu Dhabi in 2013 and 2014 awarded a string of contracts in the offshore oil sector. The UAE had quiet years in 2015 and 2016 as several major projects faced delays at the main contract bid phase. In 2016 the UAE was not in the top five countries in the region in terms of contract awards.

The UAE is also eyeing major gas capacity expansions in the coming years, largely by developing new sour gas reservoirs. These include major projects on the Bab and Hail fields as well as the expansion of the Shah gas field. The UAE ran into delays at the contract award phase on several projects in 2015/16, including the $3 billion Bab Integrated Facilities Expansion, a new refinery in Fujairah and the Fujairah LNG import terminal.

Meanwhile, Saudi Arabia plans to list the world’s largest oil and gas company, Saudi Aramco, on the stock market, in an initial public offering (IPO) that values the company at an estimated $2 trillion.

Saudi Arabia had the region’s largest oil, gas and petrochemicals market in the 2011-2016 period, with a total of $69.37 billion worth of contracts awarded, accounting for over a quarter of the regional total. The bulk of these awards however were in 2011 and 2012 with over $47 billion spent in these two years combined. Average spending has dropped considerably in the subsequent four years.

Saudi Arabia’s project pipeline is buoyed by the region’s two largest projects which are both at an early stage: Sabic’s oil-to-chemicals project and Aramco’s integrated refinery and petrochemicals development, both at Yanbu on the Red Sea coast. These projects aside, Aramco is likely to prioritise projects to expand its gas capacity which includes higher gas processing capacity, the development of non-associated gas fields in the Gulf and expanding shale gas production in the north.

Saudi Aramco plans to spend $334 billion across the oil and gas value chain by 2025, meanwhile, Kuwait is expected to spend $115 billion on energy projects over the next five years to help boost crude production capacity to 4 million barrels a day by 2020. – TradeArabia News Service
 



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