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In the news this week
RTA awarded a US$5.6 BN contract to a Turkish-Chinese consortium, including Mapa, Limak, and CRRC, to construct the 30-km Metro Blue Line with 14 stations. Construction begins in April 2025 and is expected to be completed by September 2029, advancing Dubai’s urban connectivity and transport infrastructure.
European developer Mr. Eight announced its entry into the UAE market with plans to develop five premium residential projects on the Dubai Islands. The company has secured eight plots and aims to launch the projects in 2025, enhancing Dubai’s luxury living offerings.
ADQ and Aqua Development are co-funding a pilot shrimp farming facility within KEZAD’s aquaculture zone. The half-hectare project tests land-based farming solutions tailored to the UAE’s climate, advancing sustainable aquaculture practices. The initiative aligns with ADQ’s Growth Lab to foster innovation.
Ohana Development unveiled ‘Jacob & Co. Beachfront Living,’ offering luxury apartments, villas, and mansions at Al Jurf. Featuring world-first amenities like the Jacob & Co. Beach Club and Seafront Cigar Lounge, the project promises unparalleled living experiences with wellness facilities and curated outdoor spaces.
Dan Company signed a contract with Abdulmohsen Al-Tamimi Contracting to develop Tuaja Luxury Resorts in Al-Ahsa. Spanning 1.8M sqm, the project features 201 units across three distinct resorts—Tuaja Premium Farm Resort, Tuaja Eco Resort, and Tuaja Adventure Resort—offering luxury, tranquility, and adventure tourism experiences.
SEVEN awarded Alfanar Projects a US$346 Mn contract for its entertainment hub in Jazan. Spanning over 60,000 sqm, the project includes 73,000 sqm of built-up space designed by Gensler. It will feature diverse recreational facilities and enriching community-focused entertainment in the region.
Hassan Allam Construction was appointed to develop Noatum Ports—Safaga Terminal on Egypt’s Red Sea coast. Covering 810,000 sqm, the terminal is part of US$349 Mn in investments made by AD Ports in Egypt over the last three years.
It will offer container, dry bulk, liquid bulk, and Ro-Ro facilities. With state-of-the-art infrastructure, it will advance upper Egypt’s logistics and trade connectivity.
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