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This week we bring you a special update on the development of the Shaybarah Resort, part of the Red Sea Development project. The design of this project includes the installation of unique stainless steel orb-shaped pods that are currently being fabricated by Grankraft Industries in the UAE.
I was invited to visit this amazing special purpose water-front facility and met with Thomas Joseph, Grankraft’ Group Head for Business Development to see first-hand the pod’s fabrication.
This project, designed by Killa Design, includes 73 modular pods, 38 of which will be installed over the Shaybarah waters and the remaining set on beach-front locations throughout the resort. The pods range in size from a 1 bedroom pod at 18 metres in diameter to a 3 bedroom pod at 26 metres diameter. There is also a 4 bedroom option that combines both a 26 metre pod and a 16 metre pod.
A special thanks to Grankraft Industries and The Red Sea Development Company for allowing us to see this amazing project in the making.
In Saudi Arabia, the Ministry of Municipal and Rural Affairs and Housing (MOMRA) has signed an agreement worth more than US$10 billion to develop the infrastructure of 11 cities around Saudi Arabia. The agreement also included financing and developing a project portfolio between MOMRA and the largest real estate developer, the National Housing Company (NHC).
Oman Rail, the national developer and operator of railway networks in Oman, has signed an agreement with UAE’s Etihad Rail to jointly establish an equally-owned company called the Oman-Etihad Rail Company holding an overall investment power of USD 3 billion to design, develop and operate a railway network connecting Sohar Port to the UAE National Rail Network.
Under this agreement, the new company will lay the groundwork and work plan for the project – including its financial mechanisms and schedule. And will also handle the design, development, and operation of the rail network.
Oman-based Keryas Paper Industry announced that it will set up a Kraft packaging paper manufacturing plant in the UAE with a capacity of 200,000 metric tonnes per annum and an investment of US$40mn. An MoU was also signed with C2C Consultancy, India, for the complete design and engineering of the proposed project.
In Dubai, ZāZEN Properties, has announced its new development – ‘ZāZEN Gardens in Al Furjan’. The project will comprise of 159 units and two retail outlets on the ground floor and sheduled for handover in 2024
Orascom Construction PLC announced that it has signed an agreement with the Internal Trade Development Authority (ITDA) to build, own and operate a strategic warehouse in Fayoum Governorate, Egypt. Construction is expected to start once financing is concluded and to take up to 15 months.
