Showing posts with label construction-realestate. Show all posts
Showing posts with label construction-realestate. Show all posts

Wednesday, August 16, 2017

$32bn worth urban projects 'at tendering stage in GCC'

As many as 801 construction projects with a combined estimated value of $32 billion (Dh117.44 billion) are currently in tendering stage in the GCC's urban construction sector, according to a report.

These projects will serve as a strong pipeline of projects to be awarded in the near future, according to BNC Network, a comprehensive project research and intelligence provider in the Middle East and North Africa (Mena) region.

By the end of the year 2017, the combined total value of urban construction contracts is expected to reach $50.9 billion (Dh186.8 billion). While this is lower than the peaks seen in prior years, the volume of construction contracts is still tremendous and Dubai remains the most active construction market in the region, the report said.

BNC forecasting model suggests that there would be an increase of 29 per cent in the total value of contract awards to $65.6 billion in the urban construction sector in the GCC in 2018 followed by another 1 per cent growth to reach $66 billion in 2019.

The latest BNC Intelligence report shows that 292 contracts with a combined estimated value of $9.5 billion were awarded in the second quarter of 2017 within the GCC's urban construction sector that includes commercial and residential buildings, hospitality, healthcare, retail, education, religious buildings, leisure and recreation and mega urban developments.

Some major contract awards in the second quarter include Deira Islands Mall project in Deira Island, Dubai; City Centre - Al Zahia in Sharjah; Yas Acres (Phase 1) in Yas Island, Abu Dhabi; and Danat Al Lawzi in Bahrain.

The urban construction contracts constitute 80 per cent of the contracts awarded for all sectors in the GCC and in dollar terms this translates to 49 per cent of the total contracts awarded, it said.

“Events like Dubai Expo 2020 along with stabilisation of the oil price and the drive of the various GCC countries to achieve economic diversification and increase in the living standards will play a vital role in the construction industry contract awards,” Avin Gidwani, chief executive officer of BNC Network, said.

“As the economic growth is expected to pick up pace next year, we expect an increased construction activity across the board in 2018. New project announcements by major developers that have taken place from 2016 till now – will go into tender next year and trigger increased construction activities across the GCC.” - TradeArabia News Service
 



from Construction Realestate

Work may restart on Makkah's $3.5bn hotel

Work on one of the world’s largest hotel projects, the $3.5-billion Abraj Kudai in Makkah, Saudi Arabia, is expected to restart, reports said.

The hotel construction was halted in 2015 following the decline in oil prices and the austerity measures announced by the government.

Sub-contractors have been asked to submit pricing proposals to Saudi Binladin, the main contractor, by mid-September, a Reuters report said quoting sources.

Saudi Binladin, one of the country’s biggest construction conglomerates, has been hit hard by a slump in the building sector caused by the economic decline.

Renewed plans for the government-funded project signal Riyadh is again willing to spend on strategic economic development projects, the report said.

When completed, the hotel will have 10,000 rooms, 70 restaurants, several helipads and a section reserved for the Saudi royal family.

A planned opening date for the Abraj Kudai has not yet been confirmed, but one source said it would take at least 2½ years to complete, the report said.
 



from Construction Realestate

New fish market planned in Oman's Ibri

Oman's Ministry of Agriculture and Fisheries (MoAF) will build on a new fish market in Ibri, a city in northwest Oman.

The market will be constructed on an area of 3,000 sq m, with a building area of 1,800 sq m, said an Oman News Agency report.

It will include fish display tables for sellers, fish cutting tables, a table for wholesale display, a five-tonnes daily ice production unit, market staff offices, stores, parking lots for fish transport marketing, and other services, it said.



from Construction Realestate

Drake & Scull to carry out Fairmont Abu Dhabi MEP works

Drake & Scull International (DSI), a regional market leader in engineering and related services, has announced that it will carry out the mechanical, electrical and plumbing (MEP) works for the Fairmont Abu Dhabi Hotel and Serviced Apartments under a Dh233 million ($63.44 million) contract.

Strategically located adjacent to the landmark Marina Mall in Abu Dhabi, the Fairmont Abu Dhabi Hotel and Apartments Towers are owned by Abu Dhabi-based National Investment Corporation.

Mohammad Atatreh, board member, Drake & Scull International, said: “Our work for Fairmont Abu Dhabi Hotel and Serviced Apartments reflects the high confidence in our services and capabilities within the local and regional property and tourism sectors, particularly in terms of hospitality development and MEP execution. It also highlights DSI’s involvement in strategic projects that are reinforcing Abu Dhabi’s regional and global stature as a preferred leisure and lifestyle destination. We look forward to extending our support to this major local development.”

The Dh1 billion ($272 million) iconic development is a 39-floor Arabian themed arched structure. It occupies an overall area of 178,000 sq m with an extensive water frontage.

The project's scope of work consists of the 39-storey tower comprising 563 five-star hotel rooms and 249 serviced apartments.

The project features a network of sea water canals where guests can travel in specially designed Arabic boats. The opulent Fairmont Gold rooms and lounge will be situated on top the bridge between the hotel and residences.

The project is scheduled for completion and handover in 2018. – TradeArabia News Service
 



from Construction Realestate

Cofely Besix gets ISO certificate for energy management

Dubai’s Cofely Besix Facility Management (CBFM) has been awarded the ISO 50001:2011 Energy Management System (EnMS) certification for the provision of facilities management services at Masdar City.

The EnMS framework ensures energy management activities are carried out in a systematic manner to improve energy performance. Objectives and targets are regularly set and reviewed to drive year on year energy performance improvement for Masdar City.

“We have chosen to integrate the EnMS into our CAFM system to assure ourselves of a standardised use, management and monitoring of utility consumptions and carbon emissions,” explained Bart Holsters, operations manager of Cofely Besix Facility Management.

“Moreover, this integration with our CAFM platform enables us to manage, share and benchmark energy conservation measures (ECMs) in a centralised manner which, in turn empowers knowledge sharing across our organisation.”

The EnMS includes the understanding of the premises efficiency and benchmarking, and setting objectives and targets to improve energy performance. Opportunities are identified and managed through the CAFM system, whilst an operational control plan which includes operational and management best practices is created. Annual energy audits are carried out, and all employees receive the required energy management awareness training to ensure consistency throughout the company.

“Implementing and obtaining the ISO50001 certification for our developed EnMS was a very important step within Cofely Besix FM’s overall sustainability programme,” added Holsters.

“We are very pleased with this achievement which will help us to further improve on our operational efficiency service delivery models and also to continuously reduce carbon emissions and utility expenditures within our operation.”

“In partnership with Masdar City, we have proven that an energy management system a client might already have in place can be shaped easily into a standardized ISO50001 EnMS model. Ultimately our goal is to make sure energy efficiency becomes a mandatory target, whilst preserving our precious environment,” concluded Holsters.

CBFM was initially awarded the 3-year facilities management contract for Masdar City in January 2017. The scope of services includes full hard, soft and civil facility management services including operations and maintenance of electrical systems, HVAC and ventilation systems, potable water, fire detection systems, life-safety critical systems, elevators, BMS, low voltage systems and civil infrastructure work.

“At CBFM, we regard energy consumption as a business cost, like all other business costs,” explained Andre Mars, Quality Health Safety & Environment Manager of Cofely Besix Facility Management.

“Being certified to ISO 50001 standards, will not only yield benefits in terms of cost reduction to us as a business, but it also generates additional gains for our clients through energy savings, as we continually monitor their energy consumption and resolve anomalies that may cause energy waste.”

Masdar City, one of the world’s most sustainable urban communities, is a rapidly growing clean-tech cluster, business freezone and residential neighbourhood containing one of the largest groups of low-carbon buildings in the world.

“The application of sustainable best practice is at the heart of Masdar City’s vision, from planning and design through to construction and operations, and it is essential that our suppliers have the same philosophy,” said Dr Nawal Al-Hosany, executive director of Sustainability and Brand at Masdar.

“We welcome the award of this certification, which demonstrates the robustness of energy management activities at Masdar City, as well as reflecting our commitment to constantly improving energy performance.”

Masdar City is currently experiencing the most rapid development in its history. More than 176,000 sq m of completed buildings are fully leased and occupied, while a further 740,000 sq m of projects at Masdar City have firm development agreements in place, including schools, offices, hotels, shops, restaurants and private homes. – TradeArabia News Service



from Construction Realestate

Tuesday, August 15, 2017

CB&I wins storage tanks project in Saudi Arabia

CB&I today announced it has been awarded a contract by Técnicas Reunidas for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia.

CB&I's scope includes the engineering, procurement, fabrication and construction of nine flat bottom tanks, as well as modifications to numerous existing tanks, all of which were previously supplied by CB&I. 

In support of Saudi Aramco's In-Kingdom Total Value Add programme, CB&I will provide all fabrication and project management utilising its local facilities in Al-Khobar. 

The project will facilitate CB&I's ongoing efforts to train, develop and employ Saudi Arab nationals in key positions, the company said.

"This award reinforces our global relationship with Técnicas Reunidas and builds on our nearly 80-year history of supporting Saudi Aramco," said Luke V Scorsone, executive vice president of CB&I's Fabrication Services operating group. 

"Beginning in 1938, CB&I has provided nearly all of the product storage at the Ras Tanura facility."

CB&I is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, CB&I provides reliable solutions to its customers around the world. - TradeArabia News Service



from Construction Realestate

Union Properties takes $626m provisions

Union Properties (UP), one of the leading property investment developers in the UAE, has taken provisions of Dh2.8 billion resulting in a second quarter net loss of Dh2.3 billion ($626.19 million).

Following a thorough accounting review and in the long-term interests of the company, UP’s new management team took the decision to book the provisions, which has subsequently been approved by the company’s board of directors and communicated to the regulator and UP shareholders, said a said a statement.

The provisions reflect the new management team’s prudent approach to risk and in its treatment of unbuilt or floating gross floor area (GFA) from an accounting standpoint, it said.   

Nasser Butti Omair Bin Yousef, chairman of Union Properties who took over only in May 2017 after a board reshuffle, said: “Union Properties is one of the most respected companies in the UAE and has gained a reputation for the highest quality in both its developments and in every aspect of its business operations. The actions we have taken this quarter are in line with protecting the intrinsic value of the UP brand and its proud heritage and take a one-time charge for the accounting irregularity by the previous management.

“We are confident that with the developments we are planning this year, we will quickly bring back the recognised value for the long-term sustained growth of the company.”

The provisions relate to four separate issues:
Restatement of Dh503 million ($136.95 million) gain from FY2015 statement: Following the appointment of UP’s new board and senior management in May 2017, an in-depth investigation of accounting practices within the company dating back to 2013 was initiated. As part of this process an external forensic investigation was commissioned in August 2017. The investigation examined the validity of the Dh503 million fair value gain applied to the unbuilt gross floor area (Unbuilt GFA) on a plot of land in Motor City, where UP was the master developer. The gain was recognised in the audited financial statements for the year ended December 31, 2015.
 
The plot of land which included a partially built hotel was sold to another real estate developer in 2013 and derecognised in the company’s 2013 audited financial statements. In 2014, the management of UP reassessed the land bank and available GFA and concluded it still held the rights to approximately 156,000 sq m of Unbuilt GFA. In 2015 UP’s Board approved the recognition of a fair valuation gain of Dh503 million in the audited 2015 financial statements. At the time the ownership of the full GFA for the plot was under dispute and unresolved.

The interim report of the external forensic investigation concluded that the fair value gain for the Unbuilt GFA should be reversed as it continues to be wrongly included in the assets of UP. The report also revealed that important information was not fully disclosed to UP’s external auditors who signed off the 2015 accounts.  As a result of the external interim report and its own investigations, the board of Union Properties is restating the 2015 financial statement to reflect the correct treatment of Dh503 million. The results of the full forensic investigation will be disclosed when completed, the company said.

Valuation loss on investment properties: Following the latest six-monthly assessment by Valustrat Consulting FZCO, an independent registered valuer, the average price per square foot of UP’s land bank has been reduced, resulting in a fair valuation loss and leading the company to take provisions totalling Dh1.2 billion ($326.71 million), it said.

Using industry accepted valuation techniques and adopting the IFRS basis of fair value, the independent valuer has determined Dh3.608 billion ($982.30 million) as the fair value of the company’s investment properties as at June 30, 2017. Accordingly, based on the above valuation, a fair value loss of Dh2.070 billion ($563.57 million) has been recognised in the condensed consolidated interim statement of profit or loss, UP said.

The valuation indicated an expected significant increase in new supply of plots of land in and around the land bank of the company together with the already existing undeveloped plots of land in existing communities. Furthermore, increased property developments in and around UP’s land bank that are being completed for delivery in the end user property market resulting into more competition and reduced prices for developed properties as well as land prices. As a result, development margin risks are believed to be increasing when purchasing land as compared to 2016. These factors have resulted in a lower fair value of UP’s land bank, it said.  

The board of directors have reviewed the assumption and methodology used by the independent registered valuer and in their opinion these assumptions and valuation methodology is appropriate and prudent as at the reporting date.  

Valuation loss on gross floor area: As at January 1, 2017, the company had ownership of approximately 14 million sq ft of gross floor area for development within the Motor City project. With the expected significant increase in new supply of plots of land in and around the land bank of the company, during the six-month period ended June 30, 2017, the company had appointed an independent third party consultant to review and prepare an updated master community development plan for the Motor City project. The advice given to UP was that it would be only able to utilise 12 million sq ft of the available gross floor area (GFA) and that the utilisation of the other two million sq ft would require separate regulatory approval.

In consideration of this advice, UP’s board applied a Nil valuation on the 2 million sq ft of extra GFA as at June 30, 2017. The company has recorded the corresponding fair valuation loss amounting to Dh690 million in the condensed consolidated interim statement for the period.

Downsizing at Thermo: UP has taken provisions totalling Dh196 million ($53.36 million) in relation to the managed wind down of Thermo, a subsidiary of the company that undertakes contracting work. The provisions were taken by UP’s board with the assistance from independent lawyers and will cover the work in progress and on certain contract and retention receivables in addition to potential future claims from performance bonds and guarantees on projects, the company said.

A full overview of provisioning has been commissioned by auditors KPMG and has been disclosed to the regulator and company shareholders, it added. - TradeArabia News Service



from Construction Realestate

Over 123,000 hotel rooms under construction in MEA

The Middle East and Africa (MEA) hospitality market is witnessing solid growth with a total of 123,589 rooms under construction in region, said a report.

Of this, about 95,089 rooms are under construction in the Middle East - up 14.3 per cent in year-over-year comparisons, while the rest are in the African region, said STR's July 2017 Pipeline Report.

Dubai topped the the MEA list for the largest number of rooms under construction with the total put at 23,816 rooms in 18 hotels.

Three other markets reported more than 5,000 rooms under construction in the region: Makkah, Saudi Arabia (23,816 rooms in 18 projects), Doha, Qatar (8,714 rooms in 36 projects), Riyadh, Saudi Arabia (6,712 rooms in 30 projects).

Africa also reported continued development, with 28,500 rooms in 163 hotels under contruction, a 4.8 per cent decrease in year-over-year comparisons.

The pipline report also highlighted rooms under contract for MEA, showing 166,166 rooms in 590 hotel projects under contract in the Middle East (up 6.6 per cent from July 2016) and 56,925 rooms in 308 hotels under contract in Africa (up 1.2 per cent from July 2016).

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. -  TradeArabia News Service



from Construction Realestate

Dewa, Adwea partner for Dubai-Abu Dhabi water network

Dubai Electricity and Water Authority (Dewa) and Abu Dhabi Water and Electricity Authority (Adwea) have signed a memorandum of understanding (MoU) for strategic water connections and the exchange of potable water in case of emergencies, or other purposes, between Dubai and Abu Dhabi.

This is part of the efforts of both Dewa and Adwea to ensure that water security is sustainable and to establish strategic water reserves in the UAE. The MoU supports the strategic objectives of the federal government of the UAE.

The MoU was signed by Saeed Mohammed Al Tayer, MD & CEO of Dewa, and Dr Saif Saleh Al Seiari, director general of Adwea.

“This agreement supports our joint efforts to promote water security in the UAE, and achieve the objectives of the National Agenda of the UAE Vision 2021 to ensure a sustainable environment and preserve water resources in the UAE,” said Al Tayer.

“It also supports our strategy to enhance the efficiency of the water network by working together to achieve the strategic objectives of the Federal Government of the UAE and the recommendations of the UAE Water Security Strategy 2036. It strengthens the cooperation between Adwea and Dewa as this strategic National project will contribute to improving the reliability of water systems in Dubai and Abu Dhabi.”

Al Tayer noted that this strategic initiative began in 2007 when Adwea and Dewa coordinated to study the possible options for water interconnection between Abu Dhabi and Dubai. This cooperation will help prevent crises and any water shortages.

The two organisations will work to secure the needs for their ambitious development plans by increasing the efficiency and operational capacity of their water networks, to meet growing demand for their services. This, in turn, will contribute to the sustainable development of the UAE.

According to the MoU, Dewa and Adwea will conduct a feasibility study for water interconnection between the two networks, including all available options and final recommendations regarding the best technical options. The two parties will agree on the consultancy services tender, list of bidders interested in participation, bids’ evaluation, and awarding the tender that will include the consultancy services for preparing studies and detailed designs for the connection points. – TradeArabia News Service



from Construction Realestate

Monday, August 14, 2017

Geze to showcase latest products, solutions at Dubai event

Geze, a global leading player in building technologies, will showcase its innovative products and latest system solutions at the upcoming Window, Doors and Facades Trade Show, to be held next month, in Dubai, UAE.

The show is set to strengthen its positioning as a leading event in its industry within the region with its second edition to be held at the Dubai World Trade Centre, from September 25 to 27, the company said.

Geze will introduce complete door and window systems as 'smart solutions'. They improve the comfort, security and energy efficiency of our work and home environments, said a statement.

The company will be presenting its range of innovative building automation system for 'smart' technology and new interface modules that utilizes BACnet and KNX - the globally renowned communication standards in home and building system technology, it said.

Charles Constantin, managing director of Geze Middle East, said: “Our smart building solutions aim to provide automated and networked building infrastructure solutions to make modern buildings more comfortable, secure and ultimately reduce energy consumption.”

“With a lot of research going into developing this, we are confident that our smart solutions for doors and window automation and a future of facades will be well received in the region,” he said.

The Geze Cockpit building automation system will be showcased for the first time. With this innovative control unit, automated system components from the fields of door, window and safety technology from Geze and other manufacturers can be networked, monitored centrally and controlled - even via smartphone or tablet.

Via the IO 420 interface module, Geze products can be integrated into network solutions with BACnet, and be networked with each other via BACnet MS/TP.

A unique complete solution is a multifunctional, centrally controlled swing door system with an automated and a manual door leaf. With the 'robust', award-winning Powerturn drive and tried-and-trusted Geze door closer technology, the door system combines accessible door control, emergency exit protection, fire protection, increased burglar resistance, complete protection when passing the door and remote monitoring. The universal drive design across both door leaves is a visual highlight.

Automated, networked windows create facades that adapt to the climate. For controlled, natural ventilation, Geze will be presenting facade windows with IQ window drives. Via the IQ box KNX interface module, windows can be connected as direct bus users in a KNX building system and be monitored and managed 'smartly'.

Whether in public buildings, office buildings or schools - energy-efficient ventilation, a healthy indoor climate and monitoring the window statuses are central demands for large projects. Networked solutions from Geze fulfil them: a 'climate active' facade is created as the result of the intelligent interplay between window drives and sensors which record external environmental influences and the indoor climate.

Automatic windows are an ideal solution for automatic natural night-time back cooling. Automatic windows can be monitored and operated intelligently via IQ box KNX interface module, integrated into the KNX communication standard. The module has won the Silver Protector Award.

Geze focuses on the integrated support of the building technology in a project and supports architects, planners and installation engineers at every stage of a project, it stated. – TradeArabia News Service



from Construction Realestate

Drake & Scull cuts losses; CEO to leave

Drake & Scull International (DSI), a regional market leader in engineering and related services, reported a net loss of Dh199 million ($54.18 million) for the second quarter of this year, a 12 per cent reduction compared to Dh226 million ($61.53 million) during Q2, 2016.

Revenues for the quarter stood at Dh660 million ($179.69 million) compared to Dh806 million ($219.44 million) recorded for the same period last year. The revenue achieved for the quarter is consistent with the parameters of the financial targets set forth by the group at the outset of the fiscal year and is reflective of a sustained performance in key markets, mainly the UAE, the company said.
 
The net loss included the Dh68 million ($18.51 million) additional one-off provisions and impairments charges undertaken during Q2, 2017. The provisions recorded in the quarter characterises the strategic direction of the group aimed at mitigating all contingent exposures to set a solid foundation for sustainable growth and profitability post completion of the capital restructuring programme, it said.  
 
The group’s board in its meeting to review and approve the financial results, also resolved to terminate the services of CEO Wael Allan. It also approved the resignations of several board members including that of former executive vice chairman Khaldoun Al Tabari.
 
The company’s Capital Restructuring Program is steaming ahead on schedule and is set to be concluded by the end of Q3, 2017. Phase 1 of the programme (capital reduction) will be concluded in few weeks with the approval for the issuance of the new equity to Tabarak Investment expected to be completed in September. Phase 2 will see the group’s capital increase by Dh500 million with Tabarak Investment’s entry as a strategic investor.  
 
Tabarak Investment, currently the largest shareholder of DSI, recently reaffirmed its commitment to the company and extended an interest-free ‘Qard Hasan’ loan of up to Dh100 million ($136.13 million) to the group. The loan will be directed towards DSI’s working capital requirements to accelerate projects performance and delivery as it proceeds with its capital restructuring programme.
 
The group advanced with the disposal of its non-core assets and has also finalised negotiations for the release of the remaining funds from the sale of its One Palm investment in Dubai in Q3, 2017. The funds along with the fresh equity infusion from Tabarak Investment will help restore the liquidity of the group, enabling DSI to successfully execute its projects backlog and improve productivity across all operating segments.  
 
As of June 30, 2017, the group had a diverse order backlog of Dh6.6 billion ($1.8 nillion) and is in the advanced stages of negotiation for new orders, with the latest project wins expected to be announced during the second half of the year, it said.
 
 Feras Kalthoum, acting CFO, said:  “The results of the quarter should be viewed within the context of our turnaround plan and the capital restructuring programme and are consistent with our financial targets set out at the outset of the fiscal year.  
 
“Our efforts to complete the capital and debt restructuring of the group coupled with continued balancing of our portfolio to mitigate any contingent exposure that may impact our future profitability will soon reflect positively on our financial performance and top line targets.”
 
 Mohammed Atatreh, board member, added:  “The year 2017 will continue to be a transitional year for DSI as we proceed with the execution of our turnaround plan. Our efforts to streamline our operations and restore our financial position will enable us to set solid foundation for sustainable growth.
 
“The continued support of Tabarak Investment has enabled us to maintain good progress year to date, keeping us on track to set up the Group for growth in 2018 and beyond. We look forward to shifting our focus on aggressively delivering and growing our order pipeline and invigorating our industry leadership,”he said. – TradeArabia News Service
 



from Construction Realestate

Major components installed at UAE nuclear power plant

The Emirates Nuclear Energy Corporation (Enec) has made significant progress on the construction of the Barakah Nuclear Energy Plant in Abu Dhabi, with the installation of the steam generators for Unit 4, the final unit at the plant.

This milestone event coincides with the successful installation of Unit 4’s reactor vessel (RV), said a statement.

Jassim Mohammed Buatabh Al Zaabi, chairman of the Executive Committee Office and member of the Executive Council, led the delegation of the General Secretariat of the Executive Council (GSEC), which attended the commemoration ceremony in Barakah, the world’s largest nuclear energy construction site.

The delegation was hosted by chairman of the board of directors of Enec, Khaldoon Al Mubarak; Enec CEO Engineer Mohamed Al Hammadi; Korea Electric Power Corporation (Kepco) chairman   Ahn Choong Yong, as well as Eenec, Nawah and Barakah One company executives.

During the event, the delegation took part in a signing ceremony, as well as tour of the site, which highlighted Enec’s focus on quality and safety during construction and nuclear operational readiness activities, in preparation for the units to start generating electricity.

Al Mubarak said: “The UAE’s  Peaceful Nuclear Energy Program supports the Abu Dhabi Plan by contributing to a diversified energy mix and sustainable, long term economic growth. The installation of the final reactor vessel and steam generators, as per the 2009 Prime Contract, is a great achievement.

“I am proud of the unwavering commitment and professionalism demonstrated by the entire team. From our Emirati engineers to our international experts and Korean partners, the focus has remained on quality, safety and efficiency throughout this development process,” Al Mubarak added.

“I am proud to be to be here in Barakah today to witness this extraordinary milestone in the UAE Peaceful Nuclear Energy Program,” said Al Zaabi. “Nuclear energy plays a strategic role for the future of our Nation, enabling economic and industrial growth, as well as careers in nuclear energy for Emirati youth. It will also support in securing the energy sector by diversifying energy sources to meet the rapid growth of the national economy.”

The delegation closed the visit to Barakah with a signing ceremony inside Unit 4, where they observed the installation of the steam generators. Guests signed a specially-prepared panel to commemorate this important milestone.

Enec’s CEO Engineer Mohamed Al Hammadi said: “These achievements are showcasing our commitment to delivering a world-class nuclear energy program, from construction through to operations.

"The successful installation of the final reactor vessel and steam generators for the Barakah Plant is testament to the dedication of our teams towards the previous milestones and for the upcoming plans.” Al Hammadi added.

Steam generators, which are similar in length to a tennis court, play a key role in the conversion of the energy generated by the nuclear fission reaction in the RV into electricity, which will eventually power homes and businesses throughout the UAE. The heat generated in the RV is transferred to the steam generator and turns water into steam, which is then used to spin a turbine and generate electricity.

The installation of the RV is a critical step in the continued progress and development of the UAE Peaceful Nuclear Energy Program. The RV is one of the most important and largest components in a nuclear energy plant. Weighing over 500 tonnes and measuring almost 15 m in height, the RV will eventually contain the controlled nuclear reaction that will generate the clean, efficient and reliable electricity that will feed into the UAE grid. It is also one of the many defence-in-depth barriers that ensure the safety of nuclear energy plants, said the statement.

The project at Barakah is progressing steadily. Unit 4 is now more than 52 percent complete. Unit 1 is more than 96 percent, while Unit 3 is more than 85 percent, and Unit 3 is more than 75 percent. Overall, construction of the four Units is now more than 82 percent complete.

All four units will deliver clean, efficient and reliable nuclear energy to the UAE grid, pending regulatory reviews and licensing. When the four reactors are completed, the Barakah Nuclear Energy Plant will save up to 21 million tons of carbon emissions each year, the statement added. - TradeArabia News Service



from Construction Realestate

Nakheel’s Dragon Towers draws 5 bids, lowest $245m

Master developer Nakheel is assessing five proposals, with bids starting at under Dh900 million ($245 million), for the construction of Dragon Towers, its twin-building residential complex at the rapidly-expanding Dragon City community in Dubai, UAE.

Dragon Towers comprises 1,140 one- and two-bedroom apartments across two buildings directly linked to the Dragon Mart retail and trading hub. The complex will have two retail floors, four parking floors and a podium level swimming pool, restaurant and gym.

Nakheel expects to award the contract by the end of 2017, with construction completion in 2020, said a statement.  

Dragon Towers is a key element of Dragon City, Nakheel’s 11-million-sq-ft mixed-use master development, currently best known for Dragon Mart, the world’s largest Chinese trading hub outside mainland China.

The Dragon City transformation began in 2012 with the construction of Dragon Mart 2, which opened in 2015, doubling the size of the original Dragon Mart to more than 3.5 million sq ft.

Dragon City also includes two hotels – a 251-room ibis Styles that opened in February 2016 and a 304-room Premier Inn under construction – and a 375,000-sq-ft showroom complex and car park, also under construction.  – TradeArabia News Service



from Construction Realestate

Trina begins PV module operations in Dubai

Trina Solar, a global leader in solar photovoltaic (PV) solutions, has commenced operations of its PV modules in the 10MW Sustainable City in Dubai, UAE, which will use clean energy sources to meet its energy needs.

With several facilities, including 500 residential villas, 170-room hotel, mosque, school, swimming pool and an equestrian club and track, the proposed residential and commercial complex is tagged as one of the largest sustainable cities in operation to date in Middle East.

Given the harsh environmental conditions in Middle East, the installation will be made up of 40,000 Duomax panels – a solution which has long been renowned for its durability and reliability. Duomax panels feature a first-of-type frameless design, ensuring no dust accumulation and requires minimum amount of cleaning thereby adhering to the city's sustainable and environment friendly design standards. The dual glass design of Duomax secures the project design life of 30 years backed with Trina's performance warranty.

Built by Diamond Developers, one of the first companies in Dubai to enter the freehold property and real estate development industry since the introduction of freehold property ownership in 2002, the Sustainable City is billed as Middle East's first operational sustainable community, built on a 5-million square foot complex located 18 miles from Dubai City and expected to host a population of around 2000. With several large scale installations to its name, Trina Solar was the developer's choice for a 40,000-panel solar array, estimated to produce around 16GWh per annum.

"Trina Solar is incredibly proud to have been the major contributor to this community's energy needs" said Helena Li, president, Asia Pacific & Middle East.

"Solar power is expected to be a significant contributor to Dubai's ambitions to become the world's most sustainable city by 2020. As a result, the government has looked towards smarter living initiatives, particularly in a desert environment, and we are delighted to have supported them in achieving their clean energy vision through our innovative solar products.

“The Sustainable City is a ground-breaking initiative in ensuring that the city's growth and development continues responsibly. With Trina Solar's supply, a significant portion of the residents' energy needs are being met for a cleaner, lower cost, and more sustainable future,” she added.

Anwar Zabin, CEO of City Solar, said: "The completion of phase 1 is a momentous milestone in our work within The Sustainable City with the installation of 24,170 solar panels so far.

“Our work continues and we look forward to embarking on phase two, which will see the installation of further 15,000 solar panels. We are building up to our total goal of 40,000 solar panels, which will eventually produce up to 10 MW of power at maximum capacity. The energy produced per year will be equivalent to 16,000 MW contributing to the reduction of carbon emissions by 8,000 tonnes per year.” –TradeArabia News Service



from Construction Realestate

Red Sea, Aecom enter Saudi housing deal

Red Sea International Company has announced that its fully-owned subsidiary Red Sea Housing Services Company (Jafza) has signed a memorandum of understanding (MoU) with Aecom Middle East for cooperation in pursuing housing projects in Saudi Arabia. 

The main objective of the12-month MoU is to explore housing opportunities presented by the Ministry of Housing and identify ways to deliver innovative affordable housing solutions, that meet the expectations of the stakeholders, and can be delivered on fast track basis, said a statement.

Under the MoU, Aecom will carry out the following responsibilities: Project management and construction management; master planning (urban planning / infrastructure planning); sustainability and energy conservation; infrastructure design; buildings and landscaping design; modular construction solutions; cost consulting and value engineering services. 

There is no material financial impact at this point resulting from the MoU, it said.

A Fortune 500 company, Aecom is a leading global design firm. It provides professional technical services in the fields of engineering, consulting, planning, architecture, construction management, project management, asset management, and environmental services.-TradeArabia News Service



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Sunday, August 13, 2017

Wärtsilä to supply 22 MW power plant to Morocco

Finland-based Wärtsilä, a leading provider of complete life-cycle marine and energy solutions and services, will supply a 22 MW baseload power plant to Morocco’s state utility under an engineering, procurement and construction (EPC) contract.

The main evaluation criterion for the project was the levelised cost of energy (LCOE) during an operating period of 20 years. LCOE measures the operating period costs divided by the energy produced, said a statement from the company.

The power plant consists of two Wärtsilä 46 engines, operating on heavy fuel oil with the capability to use light fuel oil as a back-up.

This order is booked in the second quarter of 2017. The equipment will be delivered in early 2018, and the plant is expected to be fully operational in January 2019.

The growth in energy demand in Morocco is a result of improvements in the population’s access to a basic infrastructure – including electricity.  

With this new power plant, Wärtsilä will now have an installed base of 189 MW in Morocco, the total installed base in Africa being 6 GW, it stated. – TradeArabia News Service



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Phase One of Salalah Water Park to open this December

The first phase of Salalah's Water Park project is scheduled for completion in December, said a report citing senior officials.

The project, which will include a five-star hotel, a mall and five wedding and conference halls,  will be located close to Itin Recreation area - the official venue of the Salalah Tourism Festival, said a report in Oman Daily Observer.

Spread over a total area of 35,000 sq m, the theme park will have six types of water rides, a restaurant, a coffee shop, an administration building, parking lot and green areas.

The contract also consists of a 50,000-sq-m project which will also open next to the park. This will have a five-star hotel with 148 rooms, meeting rooms, restaurants and coffee shops, a shopping mall with 218 retail stores, five halls for weddings and conferences, among other amenities.

The second stage of the project includes the construction of the administration building, service facilities and parking, as well as the management, operation and maintenance of the two stages of the project for a period of 25 years. 

The project is part of the government's efforts to promote economic and tourism activity in the Dhofar Governorate.



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SSH CEO Hope to leave; to Squires to take charge

SSH, a leading master planning, infrastructure, building design, construction supervision and project management firm in the region, has announced that CEO Bob Hope will step down from his position and will hand over charge to Matt Squires, the current chief operating officer, as part of the group's ongoing succession plan strategy.

Hope, who leaves after five years at the helm, will remain in an advisory support capacity for the remainder of the calendar year and will also continue to provide ongoing consultancy support to the group chairman, said a statement.

SSH chairman Omran Hayat stated: “On behalf of myself and the board of SSH, we would like to thank Bob for five years of outstanding service to SSH and in leading the transformation of the group from being a highly respected local design consultancy into a leading multidisciplinary design consultancy group across the Mena region.

“Bob has developed a solid leadership team at SSH and as part of this team Matt has been developed as his successor. This news demonstrates both our commitment to internal staff development and the success of our succession strategy. I'm sure that Matt will now build on the foundation established to date and take SSH to even greater future success, and I congratulate him on his promotion,” he said.

 Squires will be leading the SSH delegation to the Dubai Cityscape as CEO in early September, the statement added. – TradeArabia News Service



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Dubai event to showcase solutions for fire safety of facades

Global manufacturers and distributors will address risks and security concerns related to combustible facades at the Windows Doors & Facades Event 2017, being held in Dubai next month.

Following a number of global and regional blazes in high-rise towers, there is a growing debate on the implementation of fire safety regulations. The UAE updated its Fire Safety and Life Protection Code earlier this year, incorporating international standards and best practices. The new code also targets the exterior cladding that has been blamed for the spread of many fires and aims to reduce its flammability, said a statement.

The event to be held from September 25 to 27 at the Dubai World Trade Centre, will showcase products, latest trends and explore opportunities for growth in a more collaborative and safer future.

Organised by dmg events Middle East, Asia & Africa, the second edition of Windows, Doors & Facades Event will host industry leaders and experts sharing their thoughts and experiences on how the rapidly advancing facade technology and innovative design are playing a critical role in the industry development.

Windows Doors & Facades is the region’s only dedicated platform for global consultants, manufacturers and distributors of window, door and facade products to network and conduct business in one place, at one time. Following its successful launch that attracted more than 5,500 visitors in 2016, the event will feature more than 300 exhibitors from 64 countries, and is expected to attract more than 8,000 industry professionals from the Mena region.

The event introduces professionals to global and regional trends that are changing the traditional approach of the windows, doors and facades industry. This includes the advent of 3D building information modelling and innovations supporting regional government agendas related to environmental sustainability, safety and the wellbeing of occupants.  

“This gathering of industry professionals presents a great opportunity for visitors and exhibitors to gain strategic insights from international & regional thought-leaders and industry experts,” said Muhammed Kazi, exhibition director of Windows, Doors & Facades 2017. “Visitors and exhibitors will be able to benchmark with the latest global and regional trends to ensure their organisations can take a leading approach in addressing industry needs, demands and challenges,” he added.

The business-to-business event brings together in one place global and regional developers, investors, consultants, architects, contractors and distributors. Representatives from key industry stakeholder groups including Alumil, Platinum Sponsor; Reynaers, Executive Associate Sponsor; and Founding Partners Schüco, Elumatec, Cladtech International and Orgadata, will leverage the exhibition to engage in active and productive dialogue on key challenges facing the industry’s projects, working to bring businesses closer and fulfil their potential, said the statement.

“Windows Doors & Facades is a much-anticipated event for industry players to meet potential business partners, investors, and collaborators,” said Christopher Chatzigeorgiou, managing director of Alumil. “Building on the growth of the Middle East market and after successfully establishing itself last year, more exhibitors from the region and the globe are expected to join, giving event participants more opportunities to develop their business and fulfil their potential.”

The exhibition will host a series of visionary keynotes, educational seminars and relevant workshops presenting the best global practice, providing the tools and knowledge to develop and improve business efficiency. With accredited workshops and over a thousand innovative products on display, the second edition of Windows, Doors & Facades event is packed with exciting features.  - TradeArabia News Service



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Diyar Al Muharraq's Al Bareh project work on track

Diyar Al Muharraq, one of the leading urban developers in Bahrain, has announced that the secondary infrastructure work for the southern 50 per cent of its Al Bareh project will commence this month for completion in 12 months.

Situated in a prime location in the west side of Diyar Al Muharraq, Al Bareh is a seafront development that wholly embraces the elements of nature in a seamless blend.

Al Bareh comprises three main products including: sea front residential plots for high-end villas that are easily accessible both by sea and by road; residential plots within walking distance to waterfront parks positioned in the heart of Al Bareh; and residential investment plots overlooking the main road designated for the construction of multi-storey buildings. The Al Bareh plots are being offered for sale on a freehold basis to all nationalities.

The Phase 1 of the project is being constructed at a total cost of BD4.3 million ($11.41 million).

Dr Maher Al Shaer, chief executive officer of Diyar Al Muharraq, said: “In terms of the diversity in the offerings that it encompasses, Al Bareh boasts a highly impressive mix of residential projects. Al Bareh’s complete residential portfolio encompasses plots that can be purchased for the purpose of developing high end luxury products such as villas and residential buildings, catering to both investors and potential residents. Therefore, to get to this milestone in the construction timeline of one of our most illustrious and varied residential offerings makes this truly a momentous occasion.

“In line with our philosophy of total transparency in all our offerings as well as our punctual and professional approach in terms of our operations, we are pleased to announce that work on the mock-up villas within Al Bareh has commenced, with more details to be announced soon," he added. - TradeArabia News Service
 



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