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In the news this week
Emaar Properties launched a huge waterfront project in Dubai, The Oasis by Emaar estimated to cost US$20bn. The development will be spread over a total land area of more than 100 million square feet comprising 7,000 residential units and a 1.5 million square feet retail area.
In Abu Dhabi, UAE, Emirates Stallions Group and its a joint venture partner Q Holding has appointed GBH International Contracting as the main contractor for the Century Village staff accommodation project in Reem Island. The contract is valued at US$87.13mn.
Sobha Realty unveiled Sobha Hartland II, its new flagship mixed-use community in Dubai. The eight million square feet development will consists of more than 30% of open and green spaces with 5 and 6-bedroom villas, and 1-4-bedroom apartments.
SNC-Lavalin was awarded a district cooling services contract by Green Park Cooling Company, a subsidiary of Saudi Tabreed, for King Salman Park.
As part of the 27-month contract, SNC-Lavalin will provide engineering, procurement, and construction services for the Park’s district cooling plant with ultimate capacity of 60,000 TR.
The Saudi Ports Authority (Mawani) has signed a deal with Alba Nova International and Trafalgar Co. Ltd. to set up an integrated bunker station at the King Fahad Industrial Port in partnership with the Ministry of Energy.
The overall holding capacity for the pioneering project is expected to hit 2.5 million metric tons on completion and estimated to cost US$533mn.
Oman announced an integrated entertainment project, Spray Boulevard in Salalah, with an investment of US$103mn.
Spread over a 470,000m2 area, the project, which will be implemented on a public-private-partnership (PPP) will boast waterfront restaurants, a grand market, square and fountain island, suspended walkways and a botanical garden in addition to theaters and venue for specialised exhibitions and events.
