Thursday, November 30, 2017

Lufthansa offers 700,000 extra seats this winter

The Lufthansa Group hub airlines will be offering over 700,000 additional seats on flights in its winter flight schedule with main focus on connections within Germany.

This is a response to the greatly increased and continuously high demand after the market exit of Air Berlin, in particular on the routes they already serve most frequently. On a large number of routes, Lufthansa’s hub airlines have increased their capacity between September 2017 and March 2018 by a total of 25 per cent, and by as much as 60 per cent on some routes. With this move, the airlines are re-establishing 45 per cent of the previous capacity of Air Berlin.

This includes the use of the 747-400 between Frankfurt and Berlin-Tegel in November and December. The jumbo jet will shuttle between the two cities approximately 90 times in total. Going forward, Lufthansa plans to exclusively use the larger version of the Airbus A321, which seats 200 passengers, on the route between the capital and its most important hub whenever possible.

The main focus of the changes in capacity is on a large number of additional flights within Germany by Lufthansa’s hub airlines. For instance, this winter, Lufthansa will be offering approximately 100 additional flights from Munich to Berlin-Tegel, Hamburg, Düsseldorf and Cologne.

The connections between Frankfurt and Berlin-Tegel (seven additional flights per week) and Frankfurt and Düsseldorf (14 additional flights per week) will also be increased.

Austrian Airlines will be offering 14 additional weekly flights between Vienna and Berlin-Tegel as well as 14 additional flights between Vienna and Düsseldorf, while Swiss will be offering 21 additional flights between Zurich and Berlin-Tegel as well as 15 additional flights between Zürich and Düsseldorf.

In order to meet demand on the busiest travel days in October, the Lufthansa hub airlines used intercontinental aircraft for flights to Berlin-Tegel from all four hubs (Lufthansa: six Airbus A340-600 from Munich and three Airbus A340-400 from Frankfurt; Swiss: six Airbus A330 from Zürich; Austrian Airlines: one Boeing 777 from Vienna).

Lufthansa’s winter schedule also includes two new long-haul destinations. Since November 2017, Lufthansa has been connecting Berlin with New York five times a week and Düsseldorf with Miami three times a week.

These increases in capacity are made possible by the reactivation of operational reserves, deployment of new aircraft and cancellation of less frequented routes, as well as through wet-lease agreements for a number of aircraft owned by other airlines. – TradeArabia News Service

from Travel Tourism Hospitality

Cimic unit wins $295m Hong Kong airport works

Leighton Asia, a unit of the global infrastructure company Cimic Group, has won the contract the A$390 million ($295 million) Terminal 2 (T2) foundation and substructure works at Hong Kong International Airport.

The Airport Authority Hong Kong awarded the contract to Leighton Asia and its joint venture partner Chun Wo Construction and Engineering Company.

Revenue to Leighton Asia, which is part of Cimic Group construction company CPB Contractors, is approximately A$273 million, reflecting Leighton Asia’s leading 70 per cent joint venture share.

Construction is scheduled to commence in late 2017 and be completed by December 2021.

Cimic Group chief executive officer Adolfo Valderas said: “We are pleased to play a greater role in the development of one of the world’s fastest growing airports, following our selection this year to deliver the A$278 million Terminal 1 expansion for the Airport Authority Hong Kong.

“Cimic and Leighton Asia’s engineering capabilities, and track record of successfully providing certainty for clients within complex aviation works programs, position us strongly for projects such as those at Hong Kong International Airport.”

CPB Contractors and Leighton Asia managing director Juan Santamaria said: “This award is a continuation of our strong working relationship with the Airport Authority Hong Kong, to deliver world-class assets of long-term value.

“Our team is committed to utilising innovative and cost-effective construction solutions to achieve the project’s planned operational, economic and social benefits.”

Leading the joint venture, Leighton Asia will deliver the foundations for the modified T2, two annex buildings and associated viaducts, construction of the T2 basement, south annex building structures, diaphragm walls, utility services and other advance works. - TradeArabia News Service

from Construction Realestate

China’s Sany signs $86m construction deal in Kuwait

China-based Sany Heavy Industry signed a $86 million purchasing agreement with a Kuwaiti engineering construction contractor on November 15, which is Sany's largest international order in Middle East market so far.

Sany will provide a full range of its products to its Kuwaiti customer, including more than 600 truck cranes, excavators and rotary drilling rigs. Xiang Wenbo, president of Sany Heavy Industry and Zhou Wanchun, chairman of Sany International Headquarters, attended the signing ceremony.

The 600 machines will be used in Kuwait's national infrastructure projects, which are expected to great promote the implementation of "Belt and Road Initiative" in Middle East.

"Sany has always regarded product quality and service as its core competitiveness in the overseas markets," Xiang said.

Sany has invested heavily to build the perfect marketing service network, establishing Sany's unique service advantage in Kuwait and laying a solid foundation for the greater development of Sany in the Middle East, he added.

Since its first entry into the Middle East market in 2006, Sany's machines have participated in a number of mega projects' construction, including Burj Khalifa Tower, Jazan Economic City in Saudi Arabia and the world's largest airport--King Abdulaziz International Airport. Sany has gained high appraisal in Middle East market by its quality products' excellent construction performances and perfect service system. – TradeArabia News Service

from Construction Realestate

Installux Gulf marks 20 years of excellence

Installux Gulf, a Bahraini French joint venture company, recently marked 20 years of successful operations with major contributions to the skylines of many cities in the Gulf and Middle East.

Striving to constantly meet and exceed its partner’s expectations with products that offer the latest energy efficient and performance rating is the hallmark for Installux Aluminium.  Since establishing its office in 1997 in Bahrain serving the markets of the Middle East, the joint venture company has done many landmark projects and introduced competition that help fuel innovation in the region.

Energy-efficient, high-performance products, integrity, focused service and practical solutions have transformed a Bahraini French company into a sustainable and viable regional business entity.

The company has created its own niche market by offering a wide range of products for both commercial and residential projects across the region, thanks to the founder’s mission to become a leading architectural aluminium system supplier in the region.

“We constantly introduce new innovative and practical solutions to drive the market towards better value,” Basim Al Saie, managing director of Installux Gulf, said.

Started from a one-man operation, Installux Gulf has emerged as one of the success stories in a short span of time due to its commitment to the professionalism, dedication and culture of self-accountability.

“For our team, just doing the job is not enough. We need to go above and beyond expectations of our clientele,” Al Saie added, who had been at the helm of the company’s affairs since the very beginning.

In a highly competitive business climate, Al Saie added, only efficient companies will withstand stiff competition and global challenges. “We need to be competitive and efficient on a global scale, and not only at local level.”

The company’s integrity and transparency in doing business has had few but important benchmarks for Al Saie.

“We don’t compromise on our values, they are inherent in everything we do.  We don’t believe in short term gains rather doing the right thing for the first time and every time.  We do what we do not because it is good businesses sense, but because we believe in it,” he said.

“Every region has its own unique needs and requirements; no standard solution will fit all.  From the early days, we offered customized solutions to meet our market demands and local needs. Installux is constantly updating its range of products – we now have introduced a 4m-high sliding door with a slim profile and high energy efficiency.

“Looking back over the last 20 years, we faced adversity in many ways, but we are proud that in spite of all these challenges we stuck to our values and today our clients and market recognize this in how we do our business.  We are forever grateful to our team and those that believed in us when we first started and gave as an opportunity,” he added.

“I am happy to see that we have overcome adversity and learnt a great deal. For us, a major turning point came when we won an Emaar project in 2002, The Greens in Dubai. We won it after being pushed out of another project in a painful way, but we responded to that by winning a bigger one – 14 buildings became 41 buildings. There are always difficulties but setbacks are a great opportunity for learning. I always want to push and to strive to do better,” Al

Installux Gulf, today employs around 17 and is involved in projects across the Gulf. The company has carried out many landmark projects in the major cities across the Gulf.

The list of major projects includes Emaar Dubai, Burj Residences, The Greens, Dubai Police Head Quarters, In Abu Dhabi Ansam Development, in Bahrain most of recent Bin Faqeeh projects, and many more in Kuwait, Saudi, and Qatar. – TradeArabia News Service

from Construction Realestate

Wednesday, November 29, 2017

Majid Al Futtaim, Visa join to offer World Cup chance

Majid Al Futtaim, a leading shopping mall and leisure pioneer, has announced an exclusive partnership with Visa, a world leader in digital payments, to deliver an once-in-a-lifetime opportunity and unforgettable great moments for Visa cardholders across the region.

From November 25 to December 25, Majid Al Futtaim’s shopping malls will be the first to engage with shoppers to offer seven incredible winning opportunities to attend the 2018 Fifa World Cup in Russia.

“We are proud to partner with Visa as this collaboration underscores Majid Al Futtaim’s commitment to rewarding customers with unrivalled first-time experiences through meaningful partnerships with leading global companies. By understanding the needs of our loyal customers -- in this case, their passion for football -- we are dedicated to creating experiential marketing and promotional activities that deliver ‘money can’t buy’ opportunities,” said Nada Abou Saab, Marketing Director, Shopping Malls (East region), Majid Al Futtaim Properties. 

“With four teams from the region -- Egypt, Saudi Arabia, Tunisia and Morocco -- having qualified for the 2018 Fifa World Cup, our winning customers are set to enjoy great moments just by shopping with Majid Al Futtaim and Visa.”

Karim Beg, Head of Marketing – Mena, Visa, said: “As the exclusive payments sponsor of Fifa globally, Visa is proud to offer our cardholders the chance of a lifetime at next year’s World Cup. We appreciate the love and passion for football that runs strongly in the region and are pleased to partner with one of its leading retailers to offer our cardholders a rewarding cashless shopping experience. Over the coming months, we look forward to reinforcing our partnership with Majid Al Futtaim to bring consumers more fantastic opportunities, and award seven lucky winners the chance to attend the biggest sporting event in the world.”

This year will be the 21st Fifa World Cup, a quadrennial international football tournament contested by the men's national teams of the member associations of Fifa. More than one billion fans tuned in to watch the final of the 2014 Fifa World Cup Brazil, with the competition reaching a global in-home television audience of 3.2 billion people, according to final figures from Fifa and Kantar Media. An estimated 280 million people around the world watched matches online or on a mobile device, as a sign that more and more fans are embracing new technology for sports content.

Shoppers at Mall of the Emirates; City Centres Deira, Mirdif, Me’aisem, Al Shindagha and My City Centre Al Barsha in Dubai; City Centres Sharjah, Ajman, Fujairah, My City Centre Nasseriya and Matajer Al Quoz, Al Khan, Al Mirgab and Al Juraina in the Northern Emirates; City Centres Muscat and Qurum in Oman; City Centre Bahrain as well as City Centre Beirut in Lebanon and Mall of Egypt in Egypt can avail from this exclusive promotion. Guests who shop in participating retailers using Visa will receive entry into the draw. 

The seven prizes shared between the malls in the UAE, Oman, Bahrain, Egypt and Beirut include flights and accommodation for two people to stay in Russia for up to four nights plus tickets to attend either the opening match, group stage matches, quarter final games or the semi-final.  – TradeArabia News Service

from Travel Tourism Hospitality

Abu Dhabi trade in planes, spacecraft tops $2.5bn

Abu Dhabi trade in planes and spacecraft, including parts thereof, has amounted to Dh9.3 billion ($2.53 billion) during the first nine months of 2017, according to figures released recently by the Statistics Centre-Abu Dhabi.

The stated value doesn't include the deals made by the emirate and registered by other ports of exit, including sea, land or air, reported Wam, the Emirates official news agency.

In more detail, the emirate's imports of planes and spacecraft from January through end of September neared Dh7 billion, against Dh8.8 billion during the same period last year.

Plane and spaceship imports account for 8 per cent of the emirate's total imports of Dh88 billion during the same monitored period.

Plane and spaceship re-exports stood at around Dh2.2 by the end of September, a growth of 11 per cent against Dh1.03 during the same period the year before, making up 14 per cent of the emirate's re-exports trade.

The value of exports, according to SCAD figures grew by 309 per cent from Dh9.3 million during the first nine months of 2016 to Dh38 million during the corresponding period 2017.

The total value of spaceship and aircraft trade, including parts thereof, represents 7.7 per cent of the Emirate's total non-oil trade of Dh119.5 billion during the same monitored period.

from Travel Tourism Hospitality

Senior executive named for Dubai Arena

A major player in the development of the live entertainment industry in the Middle East during the past 17 years, Thomas Ovesen has been appointed to a key strategic role at the AEG Ogden managed Dubai Arena.

Ovesen has been named the venue’s Vice-President - Programming, becoming the first member of Chief Executive Guy Ngata’s senior management team.

AEG Ogden CEO and Chairman Harvey Lister said securing Ovesen was a coup not only for the venue but for the future development of the live entertainment industry in the region.

“As the CEO of live events company 117 Live, a Dubai-based conglomerate with a large media and entertainment portfolio, Mr Ovesen comes well equipped to handle the challenge of delivering a world-class events calendar for Dubai and the Middle East region.

“Thomas oversaw the launch of the new Autism Rocks Arena and an impressive events calendar that featured among others Nicky Minaj, Gabriel Iglesias, Elton John , Bryan Adams, Guns ‘N Roses, Justin Bieber and Ed Sheeran. It’s quality international standard acts such as those plus more that we’re looking to bring to Dubai Arena.

“His understanding of the region and the local live entertainment scene and its players will be vital to Guy and his management team as they plan an event schedule second to none anywhere, ahead of the Arena’s opening in 2019,” said Lister.

Including 117 Live, Ovesen has spent almost 17 years with Mirage Promotions, AEG Live and Done Events and has a proven track record in events management and delivering large-scale concerts and is the recipient of many industry awards for achievements in the Middle East.

Ovesen is looking forward to his new role and to be joining the AEG international family from the beginning of 2018.

"I am really excited joining Guy and the Dubai Arena project for what will be a game changer for live entertainment here in the Middle East.

“I intend tapping into the AEG touring and venue network and most importantly, working with all the regional promoters as well as the top talents, their agents and managers of the global touring and music world.

“I look forward to my team programming an unprecedented level and volume of top quality live events fitting for what is a state of the art indoor venue,” Ovesen said.

AEG Ogden will operate the 17,000-seat Dubai Arena on behalf of Meraas, a Dubai-based holding company committed to creating and delivering unique experiences. It is part of AEG Ogden’s growing network in the Asia Pacific region which includes arenas in Sydney, Brisbane, Perth and Newcastle and three in China, convention centres with entertainment theatre inclusions in Sydney, Brisbane, Cairns, Darwin, Kuala Lumpur and Oman, plus the

52,000-seat Suncorp Stadium in Brisbane and will be a valued addition to AEG Facilities’ family of 150 plus iconic venues worldwide.

Strategically located at City Walk with close proximity to the Dubai International Airport and accessible via the Dubai Metro, the new venue will be at the heart of Dubai’s latest urban lifestyle destination surrounded by a plethora of hospitality, food and beverage, entertainment and shopping options. The arena has been designed to support a wide range of entertainment and sports events from smaller theatre style entertainment events to major concerts, basketball and ice hockey. The venue can be quickly transformed according to the scale of the event being held, regardless how small or big it is. - TradeArabia News Service

from Travel Tourism Hospitality

Jazeera Airways to launch flights to Kochi, Ahmedabad

Jazeera Airways, Kuwait’s leading low cost airline, operating regionally and internationally, has announced plans for further expansion into India. 

Following a successful launch in Hyderabad in November, Jazeera Airways will now fly to Ahmedabad and Kochi starting January 17 and 18 respectively. With the increase in operations to India, the award winning carrier is now able to support the travel needs of over 920,000 Indians residing in Kuwait, the airline said. 

Rohit Ramachandran, CEO of Jazeera Airways, said: “This is a major strategic move for us to extend our network into India and provide greater choice and value for the Indian community in Kuwait and broader GCC. We have been delighted with how well our new operations to Hyderabad, Kochi and Ahmedabad have been received both in India and the wider Middle East region. The decision to invest further in India comes from the rising demand of Indian expats visiting their friends and families, as well as the large interest of Kuwaiti travelers in exploring new destinations for tourism and medical visits.”

Located in western Indian state of Gujarat, Ahmedabad has emerged as an important economic and industrial hub in India. The city was selected as one of the 100 Indian cities to be developed under Government of India's flagship Smart Cities Mission and in July 2017, the Historic City of Ahmedabad or Old Ahmedabad, was declared as India's first Unesco World Heritage City.  

Known as the centre of the world for spice trade, Kochi is a major port city in Kerala state. The state is renowned for tourism ranging from the famous Backwaters – a chain of  lagoons, rivers and canals; to the archaeological landmarks of museums, ancient palaces and forts. More importantly, Kerala has been fast developing into a world-class health care centre and is known as the hub of Ayurveda.

Jazeera Airways will operate three flights on Wednesdays, Fridays and Sundays to and from Ahmedabad starting January 17 departing 00.05 am from Kuwait and arriving at 6.00 am, ensuring a quick and efficient journey. Kochi flights will operate four times a week on Mondays, Tuesdays, Thursdays and Sundays departing at 12.45 pm from Kuwait and arriving at 20.10 pm in Kochi International Airport.

Passengers can enjoy a baggage allowance of 30kg for Economy class and 50kg per Business class passenger. – TradeArabia News Service

from Travel Tourism Hospitality

ME hotels see occupancy drop in September

Hotels in the Middle East saw an overall decline in performance across occupancy and average room rate (ADR) parameters, resulting in a revenue per available room (RevPAR) performance drop across most of the international branded four and five star hotels during September, said an industry expert.

“Kuwait achieved the highest year-on-year increase in occupancy with 10.7 percentage points when compared to the same month last year,” added Yousef Wahbah, EY Mena Real Estate, Hospitality and Construction Sector leader.

“Furthermore, Cairo witnessed an increase of 69.4 per cent in ADR and 77.7 per cent in RevPAR during September 2017 when compared to September 2016,” he noted, commenting  on the September 2017 Mena Hotel Benchmark Survey Report from professional services firm EY.

In the UAE, Dubai and Abu Dhabi’s hospitality markets witnessed slight decreases in RevPAR performance in September 2017.Looking at Dubai specifically, the hospitality market experienced a decrease in RevPAR by 18.4 per cent from $153 in September 2016 to $125 in September 2017.

The decrease was primarily due to the ADR dropping by 12 per cent and a decrease in occupancy by 5.8 per cent points. A shorter than predicted public holiday for Eid Al Adha, resulting in lower demand, may have attributed to the performance drop.

In Abu Dhabi, the hospitality market witnessed an increase in occupancy of 5.9 per cent points from 74.7 per cent in September 2016 to 80.5 per cent in September 2017. However, the ADR dropped by12 per cent from $106 to $94 compared to the same time last year, resulting in an overall drop in RevPAR by 5 per cent.

Saudi Arabia witnessed an overall increase in occupancy in its major cities when compared to the previous year. Occupancy increased by 4.9 per cent in Jeddah, 6.8 per cent in Makkah, 4.5 per cent in Riyadh, and 6.7 per cent in Madinah.

However, ADR decreased by 1.8 per cent in Jeddah, 31.2 per cent in Makkah, 9.8 per cent in Riyadh and 23.3 per cent in Madinah. In regards to RevPAR, Jeddah experienced an increase of 4.6 per cent while Makkah decreased by 22.8 per cent and Madinah decreased by 15.5 per cent, though Riyadh’s RevPAR remained steady.

In parallel with Kuwait’s hospitality market witnessing the highest increase in occupancy in the Mena region, it also achieved a substantial increase in RevPAR. Occupancy reached 44.2 per cent in September 2017, an improvement from the 33.5 per cent recorded in September 2016. ADR faced a slight decrease by 3.3 per cent from $224 to $217; however, overall, the country saw an increase in RevPAR by 27.6 per cent in September 2017 when compared to same period last year. This can be attributed to the opening of new hotels and an increase in leisure and business travellers to the country.

In the Levant region, Beirut’s hospitality market witnessed an increase across all KPIs. Average occupancy increased by 2.6 per cent points to 74.1 per cent in September 2017 from 71.5 per cent in September 2016.

This was matched by an increase in ADR by 11.1 per cent from $150 in September 2016 to $166 in September 2017. This resulted in an overall RevPAR growth of 15.2 per cent from $107 to $123 over the same period last year.

Egypt also saw significant increases in its hospitality key performance indicators. The city witnessed an increase in average room rate, going from $49 in September 2016 to $83 in September of this year.

The jump led to Cairo’s increase in RevPAR by 77.7 per cent, from $36 in September 2016 to $64 in September 2017.This was the highest RevPAR year-on-year increase across the region in September.

“While occupancy rates are fluctuating throughout the Mena region, the average room rate in the majority of hospitality markets has declined, affecting the RevPAR performance across the four- and five-star hotel segment. Having said that, as the year draws to a close, the hospitality market is entering what are historically the stronger performing months of the year, so we may see an improved performance in the sector when compared to previous months,” Wahbah concluded – TradeArabia News Service

from Travel Tourism Hospitality

Jazeera Airways to launch flights to Kochi, Ahmedabad

Jazeera Airways, Kuwait’s leading low cost airline, operating regionally and internationally, has announced plans for further expansion into India. 

Following a successful launch in Hyderabad in November, Jazeera Airways will now fly to Ahmedabad and Kochi starting January 17 and 18 respectively. With the increase in operations to India, the award winning carrier is now able to support the travel needs of over 920,000 Indians residing in Kuwait, the airline said. 

Rohit Ramachandran, CEO of Jazeera Airways, said: “This is a major strategic move for us to extend our network into India and provide greater choice and value for the Indian community in Kuwait and broader GCC. We have been delighted with how well our new operations to Hyderabad, Kochi and Ahmedabad have been received both in India and the wider Middle East region. The decision to invest further in India comes from the rising demand of Indian expats visiting their friends and families, as well as the large interest of Kuwaiti travelers in exploring new destinations for tourism and medical visits.”

Located in western Indian state of Gujarat, Ahmedabad has emerged as an important economic and industrial hub in India. The city was selected as one of the 100 Indian cities to be developed under Government of India's flagship Smart Cities Mission and in July 2017, the Historic City of Ahmedabad or Old Ahmedabad, was declared as India's first Unesco World Heritage City.  

Known as the centre of the world for spice trade, Kochi is a major port city in Kerala state. The state is renowned for tourism ranging from the famous Backwaters – a chain of  lagoons, rivers and canals; to the archaeological landmarks of museums, ancient palaces and forts. More importantly, Kerala has been fast developing into a world-class health care centre and is known as the hub of Ayurveda.

Jazeera Airways will operate three flights on Wednesdays, Fridays and Sundays to and from Ahmedabad starting January 17 departing 00.05 am from Kuwait and arriving at 6.00 am, ensuring a quick and efficient journey. Kochi flights will operate four times a week on Mondays, Tuesdays, Thursdays and Sundays departing at 12.45 pm from Kuwait and arriving at 20.10 pm in Kochi International Airport.

Passengers can enjoy a baggage allowance of 30kg for Economy class and 50kg per Business class passenger. – TradeArabia News Service

from Travel Tourism Hospitality

UAE mega events to boost tourism value by $44bn

Virtual reality concerts and matches, augmented reality apps, and immersive audiovisual will catalyze $44 billion in UAE tourism receipts by 2020, and transform the live entertainment and mega-event experience for millions across Mena, a report said.

With the UAE enhancing its role as a global leisure, tourism, and entertainment hub, it is set to welcome 25 million visitors for Expo 2020 Dubai, and draw $44 billion in international tourism receipts by 2020, or 51 per cent growth from 2016, according to BMI Research.

Thanks to mega-projects such as the UAE’s Bluewaters Island, Expo 2020 Dubai, and the Warner Brothers theme park, the Mena region’s $4 trillion construction market is the world’s fastest-growing, according to reports by BMI Research and PwC.

"The Middle East and North Africa is one of the world’s fastest-growing live event markets. The UAE has the potential to leapfrog established European and North American markets in using the latest audiovisual innovations to transform the visitor experience,” said Dan Bolton, president of the International Live Events Association Middle East.

As a result, the Middle East’s professional audiovisual market is one of the world’s fastest-growing at 15 per cent CAGR, reaching $2.8 billion in 2016, with the UAE as the region’s largest at $1.2 billion in 2016, according to a report by InfoComm International, organizers of InfoComm Middle East and Africa, the region’s largest professional audiovisual event.

Augmented and virtual reality to transform live events

InfoComm MEA 2017 will be held under the theme of “See the Future of Networked Communications,” showcasing the latest audiovisual solutions and knowledge across audio, digital signage, and immersive technologies such as augmented reality and virtual reality.

Experts agree that thanks to the Mena region’s ICT infrastructure, along with the region being the world’s second-fastest market in smartphone adoption, according to industry group GSMA, virtual and augmented reality can transform the live event experience.

“With the Middle East and North Africa’s strong investment and innovative mindset, Expo 2020 Dubai and Morocco’s potential hosting of the 2026 World Cup present strong opportunities to showcase how virtual and augmented reality can deliver immersive mega-event experiences. Fans can be in the front row at a match or concert, and receive geo-location offers in venues,” said Shujat Mirza, chapter president - Dubai at the global association Virtual Reality/Augmented Reality Association.

One exhibitor, Shure, deployed the networked wireless microphone solution for the NYU Abu Dhabi Arts Center, one of the UAE’s largest and most advanced indoor performing arts hubs, and is exchanging best practices from the Salzburg Festival, Bregenz Festival, and Tony Awards.

“Wireless systems are essential to modern production values. From live performance to big shows, corporate conferences to sport events, wireless systems are everywhere. InfoComm MEA is the leading event to drive new business leads and showcase the latest innovations to savvy business leaders across the Middle East and Africa,” said Freddy Sicko, general manager for Shure Middle East and Africa.

Standalone show sees strong success

For 2017, InfoComm MEA has expanded its partnerships to drive audiovisual take-up and innovation, with the International Live Events Association and Virtual Reality/Augmented Reality Association set to host half-day seminars on professional audiovisual innovation.
Supporting leisure and hospitality projects to enhance the guest and visitor experience, the Association of Professional Interior Designers return as a partner and host a half-day seminar.

The InfoComm MEA Summit expects to host more than 500 delegates to network with the world’s top audiovisual experts, and exchange knowledge on and share rising trends, technology updates and industry best practices. Three program tracks will include the InfoComm University Seminar, Technology Forums, and Industry Forums.

“InfoComm MEA saw strong success on our first standalone edition in 2016, with 45 per cent visitor growth. Thanks to our expanded partnerships and conference program tracks, and enhanced exhibitor and visitor experiences, Middle East and Africa entertainment leaders will be able to sign deals and exchange knowledge to support the region’s audiovisual growth,” said David Lim, project director of InfoComm Asia Pte Ltd., the event’s co-organizers.

The 7th InfoComm MEA will run from December 5 to 7 at the Dubai World Trade Centre. – TradeArabia News Service

from Travel Tourism Hospitality

Bahrain awards $13.4m tenders in October

Bahrain has awarded five tenders worth over BD5.1 million ($13.4 million) in October besides inviting bids for 11 tenders worth worth BD2.5 million ($6.5 million); five of which belong to the sanitary sector and the construction sector and one tender only belongs to the roads sector, said a report.

Of the awarded five tenders, three were for construction projects and one each for roads and sanitary sector, reported BNA, citing a senior Ministry of Works, Municipality Affairs and Urban Planning official.

The awarded tenders included the construction of a sewerage network in Hunainiya Block 901 in Riffa, at the cost of BD350,673, revealed Ahmed Al Khayyat, the works affairs undersecretary at the Ministry.
In the roads sector, a tender was awarded; covering the revamp of Jasra Interchange- Phase Two, at the cost of BD1.63 million, he stated.

The construction sector included the award of the BD3 million consultancy services for the design and construction of the Convention & Exhibition Center at the Southern Governorate, which is a leading project aiming to attract and develop the international exhibitions industry.

The project is to be implemented based on the latest technologies and technical specifications that accommodate the needs of businessmen and investors in the exhibitions field, which would naturally benefit the national economy and further support the country’s development, noted Al Khayyat.

The new center will be constructed over an area of 308,000 sq m nearby the Bahrain International Circuit, with an actual construction area of 149,000 sq m. The center will boast 10 exhibition halls with a total area of 95,000 sq m, he added.

Al Khayyat also referred to the projects for which bids were invited, which included five in the sanitary sector, all of which relate to Tubli Sewage Treatment Plant.

Bids were also invited for one tender in the roads sector, covering the time contract for causeways/flyovers maintenance 2018-2019 besides five others in the construction sector, said the BNA report.

Al Khayyat pointed out that the Cost Engineering Directorate of the Ministry, represented by the Procurement Department, approved 69 purchase requests at the cost of BD259,955.

The ministry also received a number of qualification requests from various sectors, where 11 licences were issued, including five renewal requests, three upgrade requests and three new registration requests.

A total of 10 applications were rejected, while no pre-qualification requests were received, he added.

from Construction Realestate

Virgin Atlantic offers IFE for blind passengers

Virgin Atlantic has announced a global airline first as it launches a fully accessible inflight entertainment (IFE) system for passengers with sight loss.

The technology will be offered throughout its fleet serving destinations across North America, the Caribbean, Africa, China, India and the Middle East.

Virgin Atlantic is pioneering new technology, which will enable visually impaired customers to enjoy the full range of on-board entertainment via specially adapted iPads. Working with UK tech company Bluebox Aviation Systems, the innovative iPad-based platform was tested by representatives from Guide Dogs for the Blind includes audio descriptions, large type, and consistent layout and controls.

Virgin Atlantic and Bluebox worked closely with Guide Dogs for the Blind to assist with the development of the special kit and considered a number of impairments which it could benefit, including blindness partial vision and sensitivity to brightness. Representatives from the charity provided recommendations for the initial design and undertook a year of extensive system testing to ensure the technology met their needs.

 Mark Anderson, executive vice president - Customer at Virgin Atlantic, said: “Nearly 30 years ago, Virgin Atlantic was the first airline to offer seat back entertainment in all cabins, so it’s apt that we should be the first to ensure our entertainment is fully accessible across all flights.

“Working with Bluebox and Guide Dogs for the Blind we’ve been able to create a world first that ensures customers with sight loss can experience the full range of on-board entertainment including the latest blockbusters, TV shows and albums.”

John Welsman, policy business partner for Travel and Transport for the charity Guide Dogs, said: “We know that something as simple as an in-flight entertainment system with voice overs and audio descriptions will help passengers with sight loss to enjoy flights just like anyone else on board. As someone with sight loss who flies quite often myself, I think it’ll be wonderful to access entertainment and information on Virgin planes without needing to ask for help. Not having to call for cabin crew, or disturb fellow passengers around me who might be sleeping, will be great.

“The charity Guide Dogs works hard to make sure that people who are blind or partially sighted are not left out of life, and so we’re delighted that Virgin Atlantic is helping passengers with sight loss to be more independent on board their planes by providing accessible in-flight entertainment.”

David Brown, business development director at Bluebox, said: "Bluebox's accessible inflight entertainment platform - aIFE - offers Virgin Atlantic the means to give visually impaired passengers access to the latest IFE content, and the independence and navigational ease-of-use they told us they wanted and needed from an IFE system. For such a complex development, we're incredibly grateful to have had such willing and committed partners in both Virgin Atlantic and our testing group from Guide Dogs for the Blind."

Virgin Atlantic already offers familiarisation days, which include aircraft visits, allowing visitors to get used to the on-board systems before they begin their actual trip. Similarly, guide dogs that have not fully passed their training are not allowed to fly, so the airline allows familiarisation courses for them too, to get used to the aircraft environment. – TradeArabia News Service

from Travel Tourism Hospitality

Unatarac wins $275m funding for MEA expansion

Unatrac Holding Limited, an exclusive Caterpillar dealer for Iraq, said it has secured a $275-million credit package comprising a $225-million five year revolving credit facility, alongwith a $125-million accordion option and a $50-million one-year short term facility.

The company is a wholly-owned unit of Egypt-based Mansour Group, one of the largest privately-owned conglomerates in the Middle East and Africa (MEA) region.

The facility, arranged by Barclays Bank and JP Morgan Securities, who acted as joint global co-ordinators, bookrunners and mandated lead arrangers, received significant interest resulting in the syndication closing oversubscribed.

The fund will be used by Unatrac to boost its growth opportunities in the Middle East and Africa region and for strategic global expansion, said the company in a statement.

One of the leading Caterpillar dealers globally, Unatrac has been ranked consistently amongst the Top 3 in the MEA region. The company has exclusive dealership rights in nine countries across Africa, the Middle East and Russia, and an export sales office in the UK.

Besides Iraq, Unatrac is also the exclusive Caterpillar dealer in Ghana, Kenya, Liberia, Nigeria, Russia, Sierra Leone, Tanzania and Uganda.

The mandated lead arrangers are Abu Dhabi Commercial Bank, Caterpillar Financial Services (Dubai) Limited, Citi, Commercial Bank of Dubai, First Abu Dhabi Bank and The Standard Bank of South Africa Limited.

The transaction has been advised by Man Capital, the investment arm of the Mansour Group.-TradeArabia News Service

from Construction Realestate

Jafza attracts 26 construction firms in 8 months

Jebel Ali Free Zone (Jafza), a subsidiary of Dubai-based ports operator DP World, said that it attracted about 26 steel and construction material companies from 17 countries during the first eight months of 2017.

The Middle East acquired the lion’s share of these companies with 11 firms, followed by Europe and Asia-Pacific region with eight and seven companies, respectively, reported Emirates news agency Wam, citing a Jafza statement.

The steel and construction materials companies are expected to maintain their growth in the coming years on the back of the huge volume of the construction projects in the Middle East, DP World’s Chairman Sultan Ahmed bin Sulayem stated.

''Jafza has allocated 1.1 million sq m of land for steel and building material companies, which highlights their importance. This is part of our support of the vision of the country’s leadership to diversify the national economy in a post-oil era," he added.

Jafza, the Dubai flagship logistics hub of global trade enabler DP World, said that trade in steel and building material reached Dh13.5 billion ($3.7 billion) during 2016 with further increases expected as the free zone continues to develop services for companies in the sector.

Jafza has more than 967 companies operating in the steel and building materials sector from 87 countries around the world. Around a third (37 per cent) are Middle East-based, 27 per cent are from the Asia-Pacific region, 26 per cent from Europe, 7 per cent from North America and 3 per cent from Africa. Indian businesses have the largest share with 14 per cent with UAE-based companies at 13 per cent. The sector employs more than 18,000 people, which is 13 per cent of total Jafza sponsored employees.

A report published earlier by Business Monitor International (BMI) Research expected that the Middle East and North Africa region would top the international construction market in terms of growth rate on the medium- and the long-term.

Value of the construction market is expected to expand from $225 trillion in 2018 to $330 trillion in 2022.

from Construction Realestate

Airbus in tie-up to develop hybrid-electric plane

Airbus, Rolls-Royce, and Siemens have formed a partnership which aims at developing a near-term flight demonstrator which will be a significant step forward in hybrid-electric propulsion for commercial aircraft.

The three companies together announced the groundbreaking collaboration, bringing together some of the world’s foremost experts in electrical and propulsion technologies, at the Royal Aeronautical Society in London.

The E-Fan X hybrid-electric technology demonstrator is anticipated to fly in 2020 following a comprehensive ground test campaign, provisionally on a BAe 146 flying testbed, with one of the aircraft’s four gas turbine engines replaced by a two megawatt electric motor. Provisions will be made to replace a second gas turbine with an electric motor once system maturity has been proven.

“The E-Fan X is an important next step in our goal of making electric flight a reality in the foreseeable future,” said Paul Eremenko, Airbus’ chief technology officer.

 “The lessons we learned from a long history of electric flight demonstrators, starting with the Cri-Cri, including the e-Genius, E-Star, and culminating most recently with the E-Fan 1.2, as well as the fruits of the E-Aircraft Systems House collaboration with Siemens, will pave the way to a hybrid single-aisle commercial aircraft that is safe, efficient, and cost-effective. We see hybrid-electric propulsion as a compelling technology for the future of aviation.”

The E-Fan X demonstrator will explore the challenges of high-power propulsion systems, such as thermal effects, electric thrust management, altitude and dynamic effects on electric systems and electromagnetic compatibility issues.

The objective is to push and mature the technology, performance, safety and reliability enabling quick progress on the hybrid electric technology. The programme also aims at establishing the requirements for future certification of electrically powered aircraft while training a new generation of designers and engineers to bring hybrid-electric commercial aircraft one step closer to reality.

As part of the E-Fan X programme, Airbus, Rolls-Royce, and Siemens will each contribute with their extensive experience and know-how in their respective fields of expertise:

-       Airbus will be responsible for overall integration as well as the control architecture of the hybrid-electric propulsion system and batteries, and its integration with flight controls.

-       Rolls-Royce will be responsible for the turbo-shaft engine, two megawatt generator, and power electronics. Along with Airbus, Rolls-Royce will also work on the fan adaptation to the existing nacelle and the Siemens electric motor.

-       Siemens will deliver the two megawatt electric motors and their power electronic control unit, as well as the inverter, DC/DC converter, and power distribution system. This comes on top of the E-Aircraft Systems House collaboration between Airbus and Siemens, launched in 2016, which aims at development and maturation of various electric propulsion system components and their terrestrial demonstration across various power classes.

Paul Stein, Rolls-Royce, chief technology officer, said: “The E-Fan X enables us to build on our wealth of electrical expertise to revolutionise flight and welcome in the third generation of aviation. This is an exciting time for us as this technological advancement will result in Rolls-Royce creating the world’s most powerful flying generator.

“Siemens has been driving innovation in core technology fields at full speed,” said Roland Busch, chief technology officer of Siemens. “In April 2016 we opened a new chapter in electric-mobility with the collaboration with Airbus. Building up electric propulsion for aircraft, we are creating new perspectives for our company and also for our customers and society. With the E-Fan X partnership, we now take the next step to demonstrate the technology in the air.”

Among the top challenges for today’s aviation sector is to move towards a means of transport with improved environmental performance that is more efficient and less reliant on fossil fuels. The partners are committed to meeting the EU technical environmental goals of the European Commission’s Flightpath 2050 Vision for Aviation (reduction of CO2 by 75 per cent, reduction of NOx by 90 per cent and noise reduction by 65 per cent).

These cannot be achieved with the technologies existing today. Therefore, Airbus, Rolls-Royce and Siemens are investing in and focusing research work in different technology areas including electrification. Electric and hybrid-electric propulsion are seen today as among the most promising technologies for addressing these challenges. – TradeArabia News Service

from Travel Tourism Hospitality

Tuesday, November 28, 2017

Iran invests $1bn in developing Chabahar port

Iran has invested about $1 billion on developing the first phase of Shahid Beheshti Port in Chabahar, according to a senior official from the port.

Chabahar Port enjoys a high geopolitical status in transit and transshipment to Central Asian states and Afghanistan at the lowest price, Behrouz Baqaei, general manager of Sistan-Baluchestan Ports and Maritime Department, was quoted as saying in an Iran Daily News report, citing IRNA.

With the launching of the first phase of Shahid Beheshti Port, he noted, 100,000-tonne ship will be able to call at the port.

Baqaei stated that the development project of the port is in its final stages and President Hassan Rouhani will visit Chabahar to inaugurate it in the near future.

India has committed $500 million to Chabahar Port to open a trade and transport route to landlocked Afghanistan, as well as the resource-rich countries of Central Asia.

New Delhi plans to send seven shipments of wheat to Afghanistan via Chabahar until the end of January.

Chabahar Port, located in the Sistan-Baluchestan Province, lies outside the Gulf and can be easily accessed from India's western coast, added the report.

from Construction Realestate

55,000 new homes in Dubai to bolster fit-out sector

Over 55,000 homes are being added to Dubai the housing market in 2017-18 bolstering the $17.7-billion GCC interior fit-out sector, said the organisers of the upcoming Dubai International Furniture Accessories Components (Difac) exhibition.

A total of 25,000 residential units are expected to be delivered in Dubai this year and a further 30,000 in 2018, they explained, citing recent report from Jones Lang LaSalle, a global real estate advisory.

Dubai will see a further 163,840 properties being built over the next five years from 387 projects. The year after could see 19,850 units and 17,754 further homes in 2020. So far in 2017, Dubai has seen the launch of 90 projects consisting of 36,556 units.

According to Ventures Middle East research, interior-based design and fit-out spend in the GCC has risen from $15.5billion in 2016 to $17.7billion this year.

The sector will also benefit from a larger construction project pipeline to the tune of $2.4 trillion (Dh8.8 trillion) at a time hundreds of exhibitors from all over the world showcase the latest products and innovation at the Dubai International Furniture Accessories Components, Semi-Furnished Products (Difac) exhibition at the Dubai World Trade Centre from March 12-14, 2018.

The exhibition showcases innovative furniture technologies, products and brands. At display by the global players of the furniture industry, it gives the visitors a chance to educate themselves about the latest products in surfaces and fittings, elements and systems, semi-finished products and materials, furniture fabrics and upholstery materials.

In order to capture the market, more than 300 exhibitors from 100 countries are all set to showcase their innovative solutions at the next edition of Difac Show in 2018, running in conjunction with Dubai WoodShow, which will showcase new designs, style and product innovation on managing home space in an innovative ways.

Dawood Al Shezawi, CEO, Strategic Marketing and Exhibitions, organiser of the Difac, said: “As the economic growth accelerates with an increase in oil price, we see a strong growth in the region’s furnishing, accessories, components, interior fit-out, home furnishing, home textile sectors, especially when home buyers move into their new homes, they are expected to spend more on decorating their homes to suite their tastes.

“Difac provides a wonderful opportunity for the industry and other stakeholders to showcase the best on offer in the market.”

Shezawi said that the growth of the furniture and interior fit-out industry will also be driven by innovation and creativity and the greater comfort and convenience provide by the manufacturers to the home owners.

“Smart furniture or space-saving furniture that helps families to save space would be in high demand in the years to come, or foldable or wall-mounted beds that could be tucked on to the wall during the daytime and released through a lever to be used as a bed at night, offer greater convenience and extra space within a small budget home,” he added.

In addition to the residential sector, Dubai will add 40,000 hotel rooms and service apartments to meet the growing demand of tourists as part of the build-up to the Expo 2020, which is less than three years away.

Dubai currently has 100,000 hotel rooms and service apartments. By October 2020, the emirate will host 140,000 hotel rooms and service apartments.

“Hotels and hospitality assets are also customising their interior décor based on customer choice and trends. While some opt for traditional look and feel, others are looking at young and trendy as well as green products to make hotels more environment-friendly,” Shezawi said.

“Hotel operators also look for wall paintings, stuffs like flower vases and fresh flowers, small water fountains and water features to offer freshness within the four walls. Customer tastes will also create a demand for new products in these sectors.” – TradeArabia News Service

from Construction Realestate

Celebrate National Day at Coral Beach Resort Sharjah

Coral Beach Resort Sharjah will celebrate the UAE's 46th National Day on December 2 with an array of cultural activities that will be open to all guests and visitors. 

The day commemorates the founding of the UAE in 1971 and is an occasion for one and all to salute the country’s achievements.

As part of the tradition, the hotel’s public areas, including the lobby and restaurants, will sport a festive look with spectacular Arabic décor and patriotic touches. On site will also be a camel, falcon and other signature Emirati attractions creating fabulous picture opportunities. Guests will be welcomed all day long with traditional Arabic coffee and dates.

A lavish UAE National Day Lunch Buffet, featuring a variety of authentic Emirati delicacies, will be served in Cote Jardin Restaurant from 12:30 pm to 3:30 pm for Dh109 per person. There will also be a whole lot of entertainment and fun for children.

Haytham Aziz, hotel manager, Coral Beach Resort Sharjah, stated: "We are delighted to celebrate this momentous occasion with our guests. It is a great opportunity for them to discover the unique Emirati culture and heritage. Let us all get together to extend our heartiest congratulations and best wishes to the government and people of the United Arab Emirates."  - TradeArabia News Service

from Travel Tourism Hospitality

Ajman's Al Zorah introduces adrenaline-fuelled watersports

Al Zorah, the unique lifestyle and leisure destination in the UAE, nestled in the exotic setting of natural mangroves and breathtaking lagoons of Ajman, has expanded its portfolio of sporting activities to offer ultimate thrilling watersports experiences.

Perfect for adventure enthusiasts and family retreats, the luxury destination will host several motorised and non-motorised sports including jet-skiing, wake boarding, flyboarding, kayaking, paddle boating, water skiing, kite-boarding and much more. Catering to all age groups and levels of ability, the new additions promises visitors an action-packed experience at Al Zorah. 

Unlike any other tourist destination, Al Zorah provides visitors and adventure seekers an extraordinary, spirit-uplifting natural setting for adrenaline-fuelled water activities, operated by Adventure Leisure Tourism (ALT), a destination management company. With friendly, safety-conscious instructors and equipment available on the peninsula, guests can take it at their own speed and wait for winds that suit them. 

Imad Dana, Chief Executive Officer of Al Zorah Development Company, said: “The introduction of the leisure and recreational activities at Al Zorah further reinforces our objective to offer a distinctive tourist and lifestyle destination. Watersport enthusiasts and families looking for an exciting vacation and an intuitive experience can escape the bustle of city-life and create unforgettable memories at Al Zorah.”

He further added: “Our highly reputed operators – Adventure Leisure Tourism and Quest for Adventure - will ensure our guests receive the highest quality of service and have them experience the best watersports and rides, as they enjoy the magnificent views of the mangroves, the golf course, and waterfront.”

Besides the exhilarating water sporting activities at Al Zorah, the Kayak Tours conducted by ‘Quest for Adventure’, an adventure sports company, offers visitors an opportunity to explore one of the region’s most prized natural mangroves, officially declared as a Wetland of International Importance by the Ramsar Convention.

The destination will soon host special events like Stand-Up Paddle Boating Championships, Best Underwater Photo Competition and Jet-skiing Acrobatic Displays. Furthermore, Marina 1 at Al Zorah, constructed along the creek is near completion and will unveil berthing facilities for yachts, over 17 food and beverage outlets and additional entertainment activities including seaplane tours and abra rides. - TradeArabia News Service

from Travel Tourism Hospitality

IBTM Arabia offers 1-day attendance for UAE buyers

IBTM Arabia, part of IBTM events’ global portfolio of meetings and events industry trade shows, has announced a new one-day attendance option for buyers from the United Arab Emirates attending the 2018 event.

The event takes place at Jumeirah at Etihad Towers in Abu Dhabi from February 5-7.

The initiative will see an additional 30 UAE-based corporate and agency event planners attending on the final day of the event. The aim is to help them consolidate their meetings and focus on building connections and doing business with international exhibitors, allowing them to maximise the value of their time spent at the event.

 The group will be able to connect with an exciting mix of international suppliers, organisations already confirmed to attend include the United Nations Conference Centre, Interprefy, Norwegian Cruise Line Holdings, Events-Case, the Georgian National Tourism and Tourvest IME (Incentives, Meetings & Events).

Marco Balia, head of Buyer Programmes – IBTM events, said: “Following feedback from Hosted Buyers and suppliers, we are delighted to introduce this new attendance option for UAE buyers, to allow more flexibility for their diaries and connect them to suppliers during ten one-to-one business appointments. They will also gain invaluable insights during the day’s Knowledge Programme, delivered over lunch, as well as network with suppliers and peers from across the globe at the event’s closing reception.”

 IBTM Arabia, the number one event for the Middle East’s MICE industry, provides all Hosted Buyers with a personalised schedule of one-to-one meetings with a hand-picked selection of leading suppliers. The event’s innovative and exclusive ‘pod’ format, combined with IBTM events’ bespoke ‘matchmaking’ software, creates a diary of mutually matched, pre-scheduled appointments for each Hosted Buyer.

More than 2,100 pre-planned meetings took place during the three-day event in 2017.

This year also sees the rollout of an enhanced Hosted Buyer programme across the IBTM portfolio. The IBTM events team now pre-selects and qualifies Hosted Buyers, allowing them to be fast-tracked through the process. This enables IBTM events to be even more targeted in ensuring only the highest calibre of Hosted Buyers are present.

The format of IBTM Arabia has been designed to embrace the importance of networking and relationship building ahead of doing business, with 12 networking events held over the three-day-long show. For those attending the full duration of the event, it will kick off with ‘Discovery Day’, introducing Hosted Buyers and exhibitors to some of the highlights of Abu Dhabi, whilst giving them the opportunity to network with other attendees and key media.

This year, Discovery Day will incorporate a trip to the new Louvre Abu Dhabi and the opportunity to experience some of the delights of Yas Island. Additionally, the networking programme will include the renowned White Party at Rotana Beach and a cocktail reception on the final evening. – TradeArabia News Service

from Travel Tourism Hospitality

US firms' UAE orders total $44bn at Dubai Airshow

US companies were the big winners at the 2017 Dubai Airshow as UAE customers placed more than $44 billion in new orders for commercial aircraft and defense-related equipment and services.

"US companies remain the preferred supplier for UAE commercial and military aviation requirements," said Ambassador Yousef Al Otaiba. "US exports of commercial and military aircraft, services and equipment to the UAE make up the largest share of America's $19 billion trade surplus with the UAE."

At the Airshow, Emirates Airline placed firm orders for 40 Boeing 787-10 Dreamliner aircraft valued at $15.1 billion. According to the US Department of Commerce jobs multiplier, this order alone will support 78,000 US jobs – both at Boeing and at its suppliers across the US. 

Also at the Airshow, UAE-based regional airline flydubai announced a separate $27 billion order for 225 Boeing 737 MAX Airplanes, the largest-ever single-aisle jet order by a Middle East carrier. flydubai operates an all-Boeing fleet of planes.  

"The UAE's airlines rely on Boeing airplanes to meet the growing demand for air travel in the region, and between the region and Asia, Africa, Europe and North America," said Al Otaiba. "Over the last decade, UAE customers have purchased over $150 billion in Boeing aircraft, supporting hundreds of thousands of American jobs."

The 787-10 aircraft will be assembled at the Boeing facility in North Charleston, South Carolina and the 737s will be manufactured in Renton, Washington.

Emirates is also the world's largest operator of Boeing 777 aircraft, and was the launch customer for the 777X.  In 2013, Emirates announced the largest commercial airplane order in the history of US commercial aviation with commitments and purchase rights for a total of 200 Boeing 777X aircraft. According to Boeing data, it has delivered or has on order a total of 329 aircraft for Emirates.  

Flydubai has a total of 361 Boeing 737s on its order books, with 63 planes already having been delivered. Abu-Dhabi-based Etihad currently flies 24 777 aircraft with 25 more on order, along with an $8.7 billion order for 787-10 aircraft first announced in 2013. 

Including the latest agreements, UAE airlines have received or have on order more than 800 Boeing aircraft, according to Boeing data.

In the defence sector, the UAE agreed to a $1.6 billion deal with Lockheed Martin to upgrade the UAE Air Force's fleet of 80 F-16 fighter jets. The F-16 "Block 60" is regarded as the most advanced version of that aircraft ever produced, and it forms the backbone of the UAE Air Force's fleet. 

The UAE also announced a $684 million deal with Raytheon for precision-guided munitions.  

"The deals between UAE customers and US companies will support American jobs and help grow the US economy," said Al Otaiba. "The UAE is proud to partner with US manufacturers to create shared prosperity and advance our mutual security interests." - TradeArabia News Service

from Travel Tourism Hospitality

UAE approves $130m residential grants

The UAE government has approved Dh476 million ($130 million) worth of housing aid for Emirati families under its Sheikh Zayed Housing Programme in conjunction with the country celebrations of the 46th National Day.

The board of directors of the Programme have given the go-ahead to 737 Emiratis, who are eligible for housing support, reported the state news agency Wam.

During a meeting at the Etihad Museum in Dubai, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, the Minister of Infrastructure Development and Programme Board chairman, announced that the housing support was distributed between 553 loans and 184 residential grants, stated the report.

Dr Al Nuaimi said the initiative was in line with the directives of President HH Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the follow up of Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, it added.

from Construction Realestate

Egyptian developer to start work on Tower Bay

Egypt’s real estate company Tower Developments is set to start work on the first phase of its flagship Tower Bay project in Port Said by May next year, said a report.

The first phase, being built at a cost of E£800 million ($45.2 million), will come up over a 45,000-sq-m area, reported Amwal Alghad, citing a senior company official.

“This phase is to encompass about 325 various units,” stated Ahmed Lasheen, the chief executive of Tower Developments.

The company will soon sign construction contracts worth around E£300 million to execute the first phase within the next nine months, he added.

from Construction Realestate

Amlak redeems $27m from Mudaraba instrument

Amlak Finance, a leading specialised real estate financier in the Middle East, said it has redeemed an additional Dh100 million ($27.2 million) of a Mudaraba instrument worth Dh1.3 billion ($353 million) as part of its restructuring plan.

With this move, the Emirati company’s total redemptions have reached Dh309 million, about 21 per cent of the Mudaraba instrument, said the company in its statement.

Amlak’s restructuring proposal allowed financiers to swap Dh1.3 billion of its original facilities to a convertible Mudaraba instrument. The instrument is fully convertible into company shares, if not redeemed, by the end of the 12th year of the restructuring period from monetization of Amlak’s real estate assets value growth, it added.

On the achievement, Arif Alharmi, the managing director and CEO, said: "We are pleased that, despite certain headwinds, Amlak has successfully paid 21 per cent of the Mudaraba instrument. Going forward, we seek to remain committed and on track in our commitments to financiers."

Alharmi pointed out that its long-term focus continued to be on growing its business and positioning the company as one of the leading specialised real estate financiers in Dubai and the Middle East.

"While there may be challenges ahead, I am confident that Amlak, with continuous support from its financiers, liquidity support providers and shareholders, will be well-positioned to capitalise on the improving economic backdrop in the UAE. I look forward to seizing these opportunities," he added.-TradeArabia News Service

from Construction Realestate

Queen Alia airport passenger traffic up 12.6pc

The Queen Alia International Airport (QAIA) in Amman, Jordan welcomed 599,683 passengers in October, registering a significant 12.6 per cent year-on-year leap in comparison to the same month of last year.

According to October 2017statistics announced by Airport International Group, QAIA also experienced an impressive 12.6 per cent improvement in cargo figures compared to October 2016 by handling 9,950 tons. Meanwhile, the airport recorded 5,536 aircraft movements (ACM), representing a year-on-year decrease of 1.7 per cent.

Additionally, as of the end of October, QAIA had received a total of 6,802,053 passengers in 2017, resulting in a 6.6 per cent year-to-date (YTD) increase in passenger traffic (PAX) in comparison to the same period in 2016.The Airport also registered a minimal 1.4 per cent rise in YTD ACM figures, amounting to 63,445by the end of October. Moreover, QAIA handled 90,433 tons of cargo during the first 10 months of this year, affecting a significant7.5 per cent increase.

“We are pleased to see that October’s passenger traffic figures have increased for the fifth consecutive month in 2017, a winning streak by any means. Top destinations contributing to this growth included regional routes such as Cairo, Alexandria, Doha and Kuwait, as well as the ever-popular Turkey and Rome. Moreover, we aspire to see positive results in the winter months, during the upcoming holiday season,” said Airport International Group CEO Kjeld Binger. - TradeArabia News Service

from Travel Tourism Hospitality

UAE construction projects value tops $818bn

The combined value of the 11,755 active construction projects in the UAE has exceeded $818.2 billion (around Dh3 trillion) in November 2017, according to latest UAE Construction Analytics report issued by BNC Network, a major project research and intelligence provider in the Mena region.

This makes the UAE, which is the second largest Arab economy, the largest construction market in the Arab World and the Mena region, reported Wam, the Emirates official news agency.

"The UAE’s 11,755 construction projects constitutes 52 per cent of 22,680 active construction projects in the GCC and in terms of value, these projects account for 33.6 per cent of the total estimated value of the GCC construction projects, worth $2.43 trillion," said Avin Gidwani, chief executive officer of BNC Network.

"The UAE’s futuristic and visionary leadership is determined to utilise the current resources in their best abilities to build a much better and more sustainable economy that will serve the country’s future generations well. These projects are in line with the country’s Vision 2021 – when it celebrates the 50th National Day and 2071 – when the country celebrates its 100th National Day.”

Of the 11,755 active construction projects, 9,972 are urban construction projects with a combined value of $537 billion.

The number of 9,972 urban construction projects represents nearly 85 per cent of the 11,755 construction projects. However, it terms of value, Dh1.97 trillion worth of urban construction projects represent 65.66 per cent of the Dh3 billion worth of construction projects in the UAE.

The value of the 533 utilities projects reached $93.6 billion, according to the report.

BNC Network report also shows that the total value of 493 transport projects reached $87.4 billion, while the value of 92 oil and gas projects reached $68.2 billion and the total value of 665 industrial projects reached $32 billion.

"In the third quarter of 2017, a total of 138 projects with a combined estimated value of $20.7 billion were announced in the UAE. Once completed, all these projects will change the face of the UAE’s urban infrastructure and overall economic landscape," Gidwani said. "More than 1,000 active projects with a combined estimated value of $14.2 billion were completed during the third quarter of 2017."

In October, the number of active projects in the UAE increased by 1 per cent as compared to September 2017 and the total estimated value of these projects increased by 2 per cent.

A total of 96 active projects with a combined estimated value of $5.3 billion moved to construction from other stages during the month. The largest dollar-denominated active project in awarded recently was Reem Mall worth $1 billion located at Najmat Abu Dhabi.

Notable projects announced in the third quarter of 2017 include Aljada Residential City located near Sharjah's University City worth $6.5 billion; Expansion of Borouge Petrochemicals Complex located in Abu Dhabi worth $2.5 billion and Emirates Towers Business Park located in Dubai worth $1.3 billion.

BNC, the largest project intelligence provider in the Mena region, tracks 25,324 live construction projects with a value exceeding $7.7 trillion. It publishes more than 250 project updates that are distributed amongst 73,000 executives and professionals every day.

from Construction Realestate

Monday, November 27, 2017

Drake and Scull shares in MSCI GCC Index

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has announced that its shares have been included in the (MSCI) GCC Index.

The Index is used as a common benchmark for 'world' or 'global' stock funds. It includes a collection of stocks of all the developed markets in the world.

DSI said its inclusion in the MSCI GCC Index comes just a month after the company’s successful completion of a comprehensive recapitalisation programme designed to improve the financial and operational performance of the group.

The Dubai contractor's move demonstrates the growing regional and international confidence in its turnaround plan, which is expected to help bolster investor interest in the company.

It also follows a series of strategic appointments and changes within DSI geared towards further streamlining the business. The new management views MSCI’s decision as a very positive and timely development amidst the company’s ongoing efforts to reorient itself for recovery and growth.

Rabih Abou Diwan, the investor relations director of DSI, said: "This affirms the unwavering confidence from regional and international investors and our unique market positioning."

"It proves that our ongoing reorganisational efforts are on track and leading us to new and exciting opportunities and a more sustainable future. The inclusion further emphasises our successful efforts to increase transparency, enhance corporate governance, and improve our investor outreach program," he added.-TradeArabia News Service

from Construction Realestate

Sharjah Hospitality Industry Forum next week

The Sharjah Commerce and Tourism Development Authority (SCTDA) has announced that it will organise the 4th Hospitality Industry Forum, on December 4 at the Sharjah Chamber of Commerce and Industry (SCCI). 

The event is expected to bring together leading experts and specialists of the tourism industry in a one-day event highlighting discussions of the latest developments covering the hospitality segment--at the local, regional and international levels. 

Khalid Jasim Al Midfa, Chairman, SCTDA, said the authority remains fully committed in organising the forum. Now on its fourth year, the event serves as a strategic platform to showcase and discuss the latest developments, trends and issues within the tourism and hospitality segments. 

The forum complements the vision of His Highness Sheikh Dr Sultan Al Qasimi, Ruler of Sharjah and Member of the Federal Supreme Council, to further develop and enhance the emirate's assets--including infrastructure, facilities and the like. 

The Hospitality Forum will cover many key issues covering the future of Sharjah's tourism segment. Participants are expected to develop innovative solutions to help address challenges faced by the hospitality industry, which in turn, will play a key role in the efforts to achieve the goal set forth in the Sharjah 2021 vision to attract 10 million tourists before 2021. 

The event will feature key talks and presentations made by leading tourism experts like Gerald Lawless, chairman of the World Travel and Tourism Council, and Doug Lansky, tourism advisor to leading countries, destinations and tourism-based companies. Lansky will be delivering two talks entitled: ‘Innovation in the development of the travel industry’ and ‘Innovative Marketing Strategies’ and will also facilitate workshops covering timely topics like investing in human resources and enhancing the competitiveness of tourist destinations, among others.  – TradeArabia News Service

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Bahrain completes key road, sanitary projects

Bahrain's Ministry of Works, Municipalities Affairs & Urban Planning has completed projects worth BD3.43 million ($9 million) in Busaiteen area of the kingdom, including construction and sanitary projects in addition to maintenance and dirt roads paving work in the area.

Recently the construction of a fast lane exit from Busaiteen area in Block 228; leading to Sheikh Isa bin Salman Causeway towards Manama, was completed.

The ministry also revamped and expanded Sheikh Isa bin Salman and Ghous Highway Interchange towards Muharraq, and constructed new lanes for traffic heading towards Busaiteen, said the ministry in a statement.

The ministry is particularly keen to improve roads in the kingdom, where it has recently completed the construction of Avenue 8 in Block 225.

However, a number of roads in the block are in need of revamp and asphalting, all of which are included within the roads maintenance programme for next year; to be implemented once budget is allocated and the new asphalt contracts are available, said the ministry.  

The revamp of roads in Block 227 is included within the villages development projects during the past years. However, a few roads in the block still needs to be repaved with asphalt.

Those are included within the roads maintenance programme for next year; to be implemented once budget is allocated. In Block 228, most roads had been fully constructed and paved during the past two years, it stated.  

On the dirt roads paving, the ministry said it completed the work in Busaiteen Blocks 226 & 228 (Phase Two) on September 30. The project also involved the opening of 11.4-km-long new roads at a cost of BD2.38 million.

In August, the ministry managed to link Avenue 9 to Sheikh Isa bin Salman Highway as part of the second phase of the project at a cost of BD376,621. Also, Phase One of the project was completed in June last year at the cost of BD172,750.

In 2015, the ministry completed the revamp of roads in Block 228; Road 2830 and the environs (Phase One). New roads were also built in the area at the cost of BD495,193.

A number of main roads were revamped in the last few years in the area including Ghous Highway, Avenue 11, Busaiteen Avenue, Avenue 6 & 7 and other roads and avenues.

On the sanitary projects, the ministry said it had completed the implementation of a sewerage project in Block 227 in March 2014 at the cost of BD226,763. In Blocks 226 and 228, the sanitary works were implemented in January 2015.-TradeArabia News Service

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Citymax Hotels opens new hotel in Aswan

Citymax Hotels, part of the hospitality division of Landmark Group, made its debut in the historic city of Aswan in Egypt with the soft opening of Citymax Hotel Aswan last week.

Owned by Egypt Holland for Touristic Investments, this 4-star hotel is superbly located in Kornish Al Nile in close proximity to Aswan’s key tourist attractions. The hotel features 79 rooms equipped with all modern comforts and amenities.

Russel Sharpe, COO, Citymax Hotels, stated: “It is exciting to open our first hotel outside the UAE and underpins our commitment to grow our portfolio in the region. Aswan is a prominent city in Egypt and has tremendous potential for growth.

“We are delighted to enter the destination at this strategic time. Citymax Hotel Aswan is a beautiful property, conveniently located for both business and leisure travellers. Designed for today’s travellers, it offers its guests a comfortable and affordable stay with all the little extras that make a difference – be it the free connectivity, extra value or space. At Citymax Hotels we go beyond service to create memorable experiences.”

Citymax Hotel Aswan boasts outstanding leisure facilities including an outdoor swimming pool and cafe, sauna, Jacuzzi and an all-day-dining restaurant. Decorated in contemporary style, some rooms offer beautiful Nile river views while others overlook the city landscape.

Aswan is Egypt’s third largest city and an important administrative, commercial and touristic centre situated at the foot of the Nile Valley. Home to many granite quarries, it was the ancient Egyptians’ gateway to Africa. While there is a lot to see here, it a place where one can truly relax.

The river flows gently down from Lake Nasser around dramatic black-granite boulders and palm-studded islands. Colourful Nubian villages run down to the water and stand out against the backdrop of the west bank’s desert. EgyptAir runs daily flights from Cairo to Aswan and back. It is also well connected by train, road and sea. – TradeArabia News Service

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Hilton 'Winter Sale' offer in 200 locations

Hilton has launched its Winter Sale offering travellers savings of up to 25 per cent in the most exciting destinations across Europe, the Middle East and Africa. 

Whether it’s the chance to seek out some winter sun, a last minute city break, or a chance to explore some Christmas markets abroad, holidaymakers will be sure to find a saving that suits them this winter. 

Available from the November 14 and running until January 31, Hilton’s Winter Sale features over 400 hotels across Europe, the Middle East and Africa and is applicable for stays right up to December 31, 2018. It spans the whole portfolio of Hilton brands, from Hilton Hotels & Resorts, and Hilton Garden Inn, to the recently launched Curio Collection by Hilton.

Guests booking direct via Hilton’s channels receive the best available rate and even more savings can be found by joining Hilton Honors at, the loyalty scheme with over 65 million members worldwide, a statement said.

Highlight offers for guests include: Istanbul from £69 per night (DoubleTree by Hilton Hotel Istanbul - Moda); Brussels from £55 per night (Hilton Garden Inn Brussels Louise); Venice from £132 per night (Hilton Molino Stucky Venice); Wroclaw from £74 per night (DoubleTree by Hilton Hotel Wroclaw); Rome from £252 per night (Aleph Rome Hotel, Curio Collection by Hilton); Dubai from £59 per night (Hilton Garden Inn Dubai Mall Of The Emirates); Glasgow from £87 per night (Hilton Garden Inn Glasgow City Centre); Ras Al Khaimah from £66 per night (Hilton Al Hamra Beach & Golf Resort). - TradeArabia News Service

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Bali airport closed after volcanic eruptions

The main airport in Indonesian resort island of Bali was closed after volcanic eruptions from Mount Agung, reports said.

Indonesian authorities have issued the highest-level warning after the volcanic eruption and evacuated thousands of residents living nearby.

Thick ash started shooting thousands of meters into the air above Mount Agung on Saturday, driving east and southeast along the archipelago, causing dozens of flight cancellations, said a CNN report.

At Ngurah Rai International Airport, Bali's main airport, flights were canceled for 24 hours from 7.15 am Monday local time, stranding roughly 59,000 domestic and international passengers, according to the airport's latest report.

"While the sun is shining and there is little sign of volcanic ash in the southern regions of Bali, evidence of volcanic ash at higher altitudes on aviation approach and departure paths has prompted the decision to close the airport," Bali Tourism Board Chairman Ida Bagus Agung Partha Adnyana said in a statement.

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Dubai Properties' luxury villa project on track

UAE-based Abdul Rahim Architectural Consultants (Araco) said more than 35 per cent of the construction work had been completed on a residential development within The Villa, a project being master-planned by Dubai Properties.

The project, which boasts 18 high-end villas, is being developed by Tadhamon Capital, a Sharia-compliant investment firm as part of The Villa Project in Dubailand.

To meet the needs of families in the emirate, the villas are available in a variety of sizes each feature five bedrooms – including one master and one guest – and a maids’ room, said a statement from Araco.

The 18 villas have elegant designs and finishes along with spacious areas to accommodate a practical and high-end lifestyle. In addition, the villa community features an international supermarket, cafes, restaurants, jogging and bicycle tracks, children’s nursery and play areas, in addition to being a well-established gated family-oriented community, it stated.

Divided into four neighbourhoods, the entire development of The Villa will feature hundreds of homes once completed, many of which are already sold or occupied, said Araco in its statement.

With over 30 years of experience in the real estate sector in the UAE, and the region, Araco provides comprehensive services to clients ranging from architectural, MEP (mechanical, electrical and plumbing) and structural engineering besides interior design, project management and supervision.

Araco’s scope of work comprised all engineering designs, including architectural, structural and MEP, in compliance with the standards and regulations set out by Dubai Properties, said a senior official.

"We are very excited to work with Tadhamon Capital on this project and we look forward to a fruitful and mutually beneficial relationship with this well-established company, in this project and in many more to come," noted Abdul Rahim Lari, the managing director.

Tadhamon Capital is a Sharia-compliant investment firm with a primary focus on asset management across three principal business lines – real estate, alternative investments, and treasury and capital markets.

Established in 2008 as a closed Bahraini joint stock firm, Tadhamon Capital operates under a Category One Investment Business Firm Licence issued and regulated by the Central Bank of Bahrain. The firm has an authorised capital of $100 million.-TradeArabia News Service

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Acwa Power launches $1bn power plant in Turkey

Saudi-based Acwa Power has announced the launch of the $1-billion Kirikkale Combined Cycle Power Plant in Turkey which has a 1,000 MW capacity, enough to meet three per cent of the country's total electricity demand.

A leading developer, investor and operator of a portfolio of power generation and desalinated water production plants, Acwa currently has presence in 10 countries including in the Middle East and North Africa, Southern Africa and South East Asia regions.

The project was officially launched at a major ceremony held at the Presidential Complex in the presence of President Recep Tayyip Erdoğan and Berat Albayrak, the Minister of Energy and Natural Resources besides other senior officials.
Acwa said the plant was the first and largest of Saudi energy investments in Turkey’s power sector.

More than 2,000 local engineers and workers were employed in the construction process, which began in December 2014, it stated.

Acwa Power's chairman Mohammad Abunayyan said: "The inauguration of this project is a clear sign of the growth and modernisation in Turkey which is making the country set for continued development. We applaud the Turkish authorities on delivering a key infrastructure project to drive the economy forward for future generations."

During the ceremony, which was shown live on TV, Erdoğan congratulated Kırıkkale Governor, Dr M İlker Haktankaçmaz and Thamer Al Sharhan, the managing director at Acwa Power.

Mehmet Saygılı - the Mayor of Kırıkkale, Nuh Dağdelen - the provincial chairman of AK Party and Abid Hussain Malik, the managing director of Acwa Power at Turkey were also present at the ceremony.

Addressing the gathering, Al Sharhan said: "This project is an ideal example of the power of public-private partnerships in fulfilling national ambitions."

The Kırıkkale Power Plant will provide a steady and reliable energy to Turkey’s national grid, he stated.

The project is also among the top three most efficient combined cycle gas power plants in Turkey, significantly contributing to the country’s economy through savings in gas consumption, noted Al Sharhan.

Malik said Kirikkale project holds immense value to the Turkish community and its efficiency and design are testament to Acwa Power’s expertise in projects that provide reliable delivery of power and water at the lowest possible cost.

"The team has worked hard to meet the highest quality standards and utilise best practices. We are delighted to have played a vital role in bolstering the Turkish economy and are confident of a bright future ahead," he added.-TradeArabia News Service

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UAE’s aviation authority approves 2018 budget

UAE’s General Civil Aviation Authority (GCAA) Board of Directors reviewed the financial statements for the third quarter (Q3) of 2017 and approved the GCAA budget for the year 2018.

During the 5th meeting held under the chairmanship of Sultan Bin Saeed Al Mansouri, Minister of Economy and chairman of GCAA, the Board also addressed a range of topics including measures to ensure the safety of UAE airports and airspace in preparation for the winter fog, reported Wam, the official Emirates news agency.

The Board also launched some new initiatives, including a world first helicopter application and the new "Edarti HUB".

GCAA launched the first-of-its-kind technical innovation application at the Dubai Airshow. The application provides a database of continually updated, technical information about vertical airstrips and locations in the UAE for helicopters. The application includes a database of 151 vertical airstrips covering all emirates for helicopter users such as helicopter companies, police helicopters, search and rescue and medical as well as senior personnel. The launch of the application was part of the TRA's technical innovation initiative to enhance the helicopter industry.

Saif Mohammed Al Suwaidi, director-general of the GCAA said: "The General Authority of Civil Aviation seeks to play its role in the development of the country and enable the civil aviation sector to contribute to the achievement of the federal government's strategy. It will be the first application of its kind to be applied by the vertical ramps. Usually, information about vertical ramps is only available manually and not updated.

“The application will mostly target the provision of humanitarian services and will be available for all vertical hubs of hospitals, in addition to the airfields located in major cities, thus allowing helicopter users to carry out their tasks effectively."

The Edarti HUB is a one-stop, integrated platform that consolidates all internal services for GCAA employees and is compatible with a wide range of devices helping to create a paperless work environment. The HUB solution has a large array of features, including a centralised task management system for managing the resource utilisation, measuring employee happiness and team collaboration.

For instance, a user can directly create a ‘Minutes of Meeting’ and assign tasks against each action item and then track progress. The application also features live social media feeds providing a real time display of GCAA news and events to enhance employee experience and engagement.

Edarti also features a ‘ChatBot’ which simplifies internal service delivery mechanisms creating an interactive and easy to use system for GCAA employees to do things like apply for leave and book transport etc.

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Italy’s Biesse opens regional HQ in Dubai

Biesse Group, the regional subsidiary of the global leader in wood, glass, stone, plastic, and metal processing technology, has opened its regional headquarters for the Middle East in Dubai Silicon Oasis, a free zone technology park.

A three-day event marked the launch of the new facility showcasing Made-in-Biesse technology solutions and offering visitors a chance to interact with experts in the field, reported Wam, the Emirates official news agency.

Dr Juma Al Matrooshi, deputy CEO, Operations and Client Affairs, at Dubai Silicon Oasis Authority (DSOA), said: "Growing bilateral trade shows that Italy is one of the most important trading partners of the UAE in the European Union today, with the country counting amongst Italy's primary trade partners in the Arab region.

“The UAE Ministry of Economy revealed that non-oil trade between the two countries reached about $8.2 billion in 2016, up from $7.8 billion in 2015. Biesse Group is the 39th Italian company to choose Dubai Silicon Oasis as its regional operations base, and we are confident the latest addition to our hi-tech park will significantly benefit from available offerings at our Light Industrial Units complex."

Renato Manganelli, Biesse Middle East managing director said: "Our new facility enables us to provide our customers with continuous training, enhance our support services, and maintain a significant stockpile of spare parts in Dubai. In fact, our desire to provide first-class services to our large customer base in the region is a crucial reason for our decision to make this important investment.

“Our support will soon reach an advanced level of efficiency with the deployment of SOPHIA, our innovative IoT platform. We are confident these varied elements will give us an important advantage over our competitors."

from Construction Realestate

Sunday, November 26, 2017

Bahrain Light Festival opens

Bahrain Tourism and Exhibitions Authority (BTEA) has launched the second edition of the ‘Bahrain Light Festival’, showcasing the latest innovations in light installations.

The festival inauguration was held in the presence of BTEA Chief Executive Officer Shaikh Khaled bin Humood Al Khalifa. 

The festival will be held daily until the December 3 at Bahrain Bay from 6 pm to 11 pm.

The festival is showcasing installations by participating artists across a 2km corniche. Some of the installations include the Sonic Runway, Urchins, Bouquet of Lampshades, Pin-Wheels, Shadow Bath, Communication Gaps, Light Origami, SOL Dome and Light Bearers.

“We are delighted to announce the launch of the second edition of the Bahrain Light Festival which aims to attract visitors due to its vibrant atmosphere and unique displays. Hosting such events forms part of the BTEA’s plan to revitalise the tourism sector and attract both Bahraini visitors and tourists from the GCC countries and beyond, who are interested in visiting festivals that feature a variety of activities for families and young children,” said Shaikh Khaled.

The ‘Bahrain Light Festival’ will also showcase technical artistic dynamics by artists from France, Japan and the USS and will include remarkable performances, as well as exciting entertainment including LED Drummers, LED Hover Boarders and Neon Umbrellas.

The festival comes in line with the BTEA’s overall strategy aimed at developing and strengthening the tourism sector under the slogan of ‘Ours. Yours.’, which contributes towards the Kingdoms economy and the 2030 Economic Vision. - TradeArabia News Service

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Air Moldova starts Dubai flights

Air Moldova has launched flights to Dubai International Airport, connecting Maldova capital Chisinau to Dubai.

The inaugural flight from Chisinau arrived at the Dubai International’s Terminal 2 on November 24.

Dubai is Air Moldova's first destination in the region. The flight will be operated twice a week on an Airbus 319 in a two-class configuration. 

The new service opens up convenient connections and attractive fares for passengers travelling from Dubai via Chisinau to nearly 20 European and Russian destinations, including Moscow, St. Petersburg, Barcelona, Vienna, Dublin, Frankfurt, Lisbon, London, Milan, and Paris among others. - TradeArabia News Service

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Al Maryah to mark National Day with festive specials

Al Maryah Island, a leading business and lifestyle destination in Abu Dhabi, is celebrating the UAE’s 46th National Day on December 1 and 2 with a colourful display of fireworks, live cultural performances and festive activities.

Al Maryah Island’s stunning waterfront Promenade will be transformed to resemble the era of the union’s early days. Overall giving a traditional look and feel, the perimeter will feature architectural installations of traditional Arabic houses (Barajeel) to reflect the rich Emirati heritage of the UAE. Situated alongside the Promenade, the luxury shopping and dining destination, The Galleria, will host families and friends with true Arabic hospitality, serving traditional Gahwa (Coffee), dates, and more, as they relax in an authentic Arabic setting.

Visitors of all ages are welcome to enjoy live cultural performances, food trucks, traditional photo booths, and live stage performances from Ayalla, Habriya, and Yollaband. To ignite the celebrations, guests will enjoy the colourful fireworks display on the waterfront.

One of the highlights includes a fun photo booth allowing visitors to get a taste of being a local Emirati dressed in an Abaya or Kendora, giving them a fun keepsake to take home or share on social media. Other activities include henna and sand artists, caricature drawings, and calligraphy.

The public event will feature a dedicated kids' area that includes UAE flag and Burqa making, camel sculpturing, face painting and National Day-themed cookie decorating. A selection of prominent UAE companies, who are also Al Maryah Island tenants, have joined forces to sponsor the occasion and highlight their support for the celebrations.

Ali Eid Al Mheiri, executive director, Mubadala Real Estate and Infrastructure, said: “Al Maryah Island is proud to be celebrating the 46th UAE National Day. We look forward to welcoming visitors from Abu Dhabi and beyond to mark this very special occasion, and hosting a truly memorable celebration.”

Dhaher Bin Dhaher Al Mheiri, CEO of Registration Authority, Abu Dhabi Global Market said: “The 2nd of December is a day to remember with pride the declaration of the Federation of the UAE, it is also a day to recall with gratitude the founder of our modern renaissance, the late Shaikh Zayed Al Nahyan, and the fellow founding fathers, for laying the solid building blocks of a country that has marked many achievements throughout these late 46 years. I am honoured to be celebrating this day with Al Maryah Island community, reflecting our unity, progress and national sovereignty.”

Dr Bakheet Al Katheeri, chief executive officer, Mubadala Petroleum, said: ‘’ Mubadala Petroleum are happy to join the UAE National celebrations with our colleagues at Al Maryah Island, there is a great value in collaborating and showing the nation's unity spirit in such occasions, where we can come together as one community to express our love, loyalty and belonging to the UAE and its great leadership, as well as remember and honour our brave soldiers and faithful martyrs for their sacrifices for our country.”

Adel Albuainain, chief executive officer, Dolphin Energy Limited, said “Marking the birth of the UAE instils so much pride because we have so much to celebrate. We use UAE National Day to highlight our achievements and to honour our history and heritage. The Spirit of the Union galvanizes all citizens and residents of the UAE and I would like to congratulate everyone on this special occasion.”

Saif Al Qubaisi, director general, Regulation and Supervision Bureau, said: “We are delighted to join our colleagues in the Al Maryah Island to celebrate an occasion that is dear to all – the UAE National Day – where we express through this celebration our loyalty, pride and love to our country and its wise leadership. Our joint efforts are a reflection of our value of unity and visitors to the event will experience the spirit of the union.”

The National Day celebrations will conclude on December 2 with music band performances and a four-minute-long fireworks show at 9pm. – TradeArabia News Service

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