Progress of The Orchard Place residential community in Jumeirah Village Circle (JVC) is advancing, with the construction of Tower C now underway following its groundbreaking. The first phase comprising Towers A and B is progressing ahead of schedule, with ongoing construction updates reflecting significant progress, the developer said.

Tower C will feature 193 units, including studios, one, two, and three-bedroom apartments, as well as two-story penthouses and townhouses with six metre height ceilings, spacious terraces, and private pools. The anticipated handover date is Q4 2026. The third phase of the project – Towers D and E – is set to launch this November.

“We are delighted to see the remarkable progress of The Orchard Place, a project that embodies our commitment to delivering exceptional living experiences in Dubai. With Tower C now under construction and the first phase making significant strides, our vision for a luxury European-inspired community in JVC is coming to exciting fruition,” commented Sergi Voronovych, CEO, Peak Summit Development.

Located across five plots close to the up-and-coming JVC area, The Orchard Place is designed to offer residents a blend of luxury, comfort, and convenience. The community will feature green spaces, recreational facilities, and easy access to key amenities, making it an ideal for families and individuals alike.

Peak Summit Development said it remains committed to maintaining construction standards and ensuring the timely delivery of all phases of The Orchard Place.

The post Peak Summit Development breaks ground on Tower C of The Orchard Place in JVC appeared first on Middle East Construction News.

Source: ME Construction News

Abu Dhabi Future Energy Company (Masdar) has announced the proposed acquisition of Saeta Yield from Brookfield Renewable together with its institutional partners for an implied enterprise value of US $1.4bn. Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.

Saeta is an independent developer, owner and operator of renewable power assets with capabilities across the entire value-chain. The transaction consists of a portfolio of 745MW of predominantly wind assets – 538MW of wind assets in Spain, 144MW of wind assets in Portugal and 63MW solar PV assets in Spain – and includes a 1.6GW development pipeline. The transaction excludes a regulated portfolio of 350MW of concentrated solar power assets, which Brookfield will retain and continue to operate.

Brookfield has worked closely with Saeta’s management team to execute a business plan focused on divesting non-core assets, optimising its capital structure, and positioning the business for growth through hybridisation, repowering, greenfield development. The sale is said to be in line with Brookfield Renewable’s asset rotation strategy to recycle capital to fund growth activities.

Representing one of Spain’s largest renewable energy transactions, the deal further cements Masdar’s position in Europe’s largest renewable markets. The deal demonstrates Masdar’s commitment to the energy transition in Spain, Portugal and Europe, and advances its growth plans in the region as the company targets global capacity of 100GW by 2030. Recently, Masdar also announced an agreement with Endesa to become a partner for 2.5GW of renewable energy assets in Spain, subject to regulatory approvals and other conditions.

Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President said, “Masdar is committed to accelerating the delivery of clean energy capacity across the Iberian Peninsula and Europe. Representing one of Spain’s largest renewable energy transactions, this landmark deal with Brookfield Renewable builds on Masdar’s strong growth story, demonstrating our commitment to the EU’s wider Net Zero by 2050 target and unlocking new capacity. Matching words with actions, Masdar is further accelerating its ambitious growth plans, as well as supporting the delivery of the UAE Consensus ratified at COP28, to triple renewable energy capacity by 2030, enabling a just, orderly and equitable energy transition.”

Mark Carney, Chair and Head of Transition Investing at Brookfield added, “We are thrilled to conclude this important transaction with Masdar. As global leaders in clean energy development, Brookfield and Masdar will continue to be important players to accelerate the journey towards a net-zero economy.”

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar remarked, “With an operating capacity of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, Saeta is a perfect complement to Masdar’s portfolio in Europe, following our recent partnership with Endesa for 2.5GW of solar energy. This deal consolidates our footprint in the Iberian market by acquiring a well-established renewable platform, with a strong operational portfolio and management team, and tangible near-term and long-term growth opportunities, supporting Masdar’s expansion plans to reach 100GW by 2030.”

Connor Teskey, Chief Executive Officer of Brookfield Renewable Partners commented, “We are pleased to have successfully supported Saeta throughout our ownership, having worked closely with the business to scale and optimise its renewable portfolio across Iberia. The company has a strong development pipeline and a top-tier management team and is well positioned to continue delivering incremental renewable energy to the region over the coming years under Masdar’s sponsorship.”

Álvaro Pérez de Lema, Chief Executive Officer of Saeta remarked, “After more than six years of successful and profitable growth with Brookfield, we are very excited to open a new chapter in Saeta’s history with the arrival of Masdar as the new controlling shareholder. We look forward to working with Masdar to take Saeta to the next phase of its growth story, further consolidating its leadership position as an independent producer of renewable energy in Iberia.”

The transaction will see Masdar acquiring portfolio of 745MW for wind assets, and a 1.6GW development pipeline in Spain and Portugal. The deal advances Masdar’s growth plans in the region, representing one of Spain and Portugal’s key renewable energy transactions, as the company targets global capacity of 100GW by 2030.

The post Saeta strengthens Masdar’s footprint in the Iberian Peninsula appeared first on Middle East Construction News.

Source: ME Construction News

Honeywell has announced it is collaborating with Samsung E&A to market solutions aimed at the power plant sector globally. The initiative seeks to reduce carbon emissions and contribute to the fight against climate change.

Samsung E&A, a total solutions provider for the energy industry will use Honeywell’s carbon capture technologies to help power plants reduce carbon emissions and meet environmental goals. The companies will offer customers access to a carbon capture solution by jointly marketing Honeywell’s advanced solvent carbon capture (ASCC) technology.

“As two carbon capture leaders, our collaboration highlights the importance of cooperative approaches in reducing greenhouse gas emissions. Deploying Honeywell’s carbon capture technologies allows Samsung E&A to offer viable, more sustainable solutions for global clients during this energy transition,” said Hong Namkoong, president and CEO of Samsung E&A.

Carbon capture, utilisation, and storage (CCUS) can significantly reduce carbon dioxide (CO2) emissions, acting as a crucial stopgap during the transition from fossil fuels to lower-carbon energy sources. These technologies help to mitigate the environmental impact of various industries responsible for greenhouse gas emissions.

“Honeywell has long been a global leader in carbon capture technologies and our collaboration with Samsung E&A only further highlights our commitment to reducing emissions and tackling climate challenges. With decades of experience and a broad portfolio of carbon capture solutions, we are ready to help businesses meet growing carbon mitigation expectations and increasingly stringent environment goals by abating emissions from existing sources,” said Ken West, President and CEO of Honeywell Energy and Sustainability Solutions.

Honeywell’s CCUS technology has been developed and deployed in numerous applications globally. Between 2023 and 2030, Honeywell estimates that the company’s CCUS technologies will have a cumulative impact of mitigating 320m metric tons of CO2e.

The post Honeywell and Samsung E&A collaborates to reduce Greenhouse Gas Emissions appeared first on Middle East Construction News.

Source: ME Construction News

Nakheel has awarded a US $490mn contract for the construction of Como Residences on Palm Jumeirah to ALEC Engineering & Contracting.

Scheduled for handover in Q2 2028, the 75-storey residential project will stand over 300m tall and offer 81 residences, ranging from two- to seven-bedroom apartments, including a duplex penthouse. A maximum of two apartments occupies each floor, providing an exclusive lifestyle for residents, served by access-controlled elevators leading to private lobbies, said a statement.

The design of each apartment will give residents a 180-degree view of the sea and skyline, while apartments placed from level 23 and above have a 360-degree panoramic view of Jumeirah Burj Al Arab to the east and Ain Dubai to the west.

“Nakheel has a proud legacy of delivering iconic projects like Palm Jumeirah that transform Dubai’s skyline,” said Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate. “Como Residences builds on this legacy, reflecting our commitment to developing world-class destinations. This is more than just another residential development; it’s a statement of Dubai’s ambition and sets a new standard for waterfront luxury. With its limited collection of exquisite residences, breathtaking views and unparalleled amenities, Como Residences will solidify Dubai’s position as a global leader in real estate.”

Barry Lewis, Chief Executive Officer of ALEC Engineering & Contracting added, “With its curated amenities and opulent finishes that will rival those of even the most luxurious properties, Como Residences promises to stand apart as the pinnacle of urban living. We are pleased that Dubai Holding Real Estate is entrusting this iconic project to us. I am confident that given our track record of executing some of the most ambitious projects in the region, we will be able to deliver a tower that will further elevate Dubai’s world-renowned city skyline.”

In line with Nakheel’s heritage for creating waterfront living experiences, Como Residences’ architectural design is said to take inspiration from the sea that it overlooks, reflecting patterns of a seashell and providing an organic reflection of nature. A feature of Como Residences is its series of elevated private sandy beaches, with most levels of the residences featuring both communal and private pools, and the views of the sea from each apartment, the statement explained.

Residents can also enjoy rooftop infinity pool and an observation deck on the 75th floor, providing panoramic views of the Dubai skyline and the Arabian Gulf. Amenities will also include private parking, an onsite spa, gym with a view, green spaces and children’s play areas. Como Residences also features an architecturally unique entrance and main lobby with valet and concierge services, the developer noted.

The post Nakheel awards US $490mn contract to ALEC for Como Residence appeared first on Middle East Construction News.

Source: ME Construction News

Jubail Island Investment Company (JIIC) has awarded the construction contract for the Jubail Town Centre in Souk Al Jubail. The $108mn contract was awarded to Bright Accord General Contracting Company and comprises four office buildings and two residential buildings – Jubail Terraces buildings 7 and 8.

Jubail Town Centre is a family-friendly destination offering a modern, vibrant environment that includes well-being, connectivity, leisure, retail, and commercial services. With direct access to the E12 Highway, the Town Centre includes commercial properties, low-rise residential buildings, green spaces, walkways, and seating areas, encapsulating the essence of community life on the island, JIIC said in a statement.

It will feature outdoor spaces and parks, a mosque, medical clinic, nursery, supermarket, fitness centres, over 40 retail outlets, 5-star rated F&B pavilions, campus-like offices, wellness hubs, and a community centre and a beach club.

Within the Town Centre, Jubail Terraces offers apartments including studios, one, two, and three-bedroom units, as well as duplexes. Retail spaces have been designed to create an engaging shopping environment for both the local community and visitors.

“JIIC is committed to delivering high-quality developments that enhance the lives of residents and visitors to Jubail Island,” said Engineer Abdulla Saeed Al Shamsi, Corporate Director of JIIC. “Jubail Town Centre is a testament to our vision of creating a dynamic community that harmonises with the natural beauty of Jubail Island. We are thrilled to embark on this project with Bright Accord General Contracting Company and look forward to the successful completion of this exciting project.”

Owned by JIIC and developed and managed by LEAD Real Estate Developer, Jubail Island will comprise six residential villages amongst the mangroves. The community will offer residents every convenience and amenity, sustainable living, in addition to Abu Dhabi’s real estate landscape.

The post Jubail Island awards US $108mn contract for Jubail Town Centre appeared first on Middle East Construction News.

Source: ME Construction News

Summertown Interiors has released its 2024 Sustainability Report, revealing progress in terms of waste management. The company said it diverted 58% of project waste from landfills, surpassing its annual target by 18%. This achievement is said to be a milestone in its JOURNEY2030 strategy, which aligns with global and regional sustainability goals, including the UN SDGs and UAE Green Agenda 2030.

The ninth annual sustainability report covering the fiscal year from 1 April 2023 to 31 March 2024, details Summertown Interiors’ progress across eight critical areas as per the press release:

• Sustainable Projects: 21% of 24 projects achieved a LEED certificate, with 51% of materials sustainably sourced. New project management software, Mastt, was introduced to enhance real-time data tracking and efficiency across all projects, along with Cybersafe training implemented for IT security across all operations
• Environmental Impact: The firm recorded a 30% reduction in water intensity and a decrease in greenhouse gas emissions compared to the previous year. The improvements in waste management were credited to the firm’s continued participation in the “Living Business Programme 2023” with the National Bank of Fujairah, which facilitated partnerships aimed at further reducing construction waste sent to landfills
• Social: Summertown Interiors earned Great Place To Work recognition, with 88% of employees recommending the company. Its diverse and inclusive workforce comprises 14 nationalities and 34.8% female representation, significantly higher than the UAE construction sector’s 9% average, according to the Bureau of Labor Statistics
• Community: The Summertown Employer Supported Volunteering Scheme gave employees two paid days annually to contribute to community initiatives and meaningful volunteer work

• Transparency and Anti-Corruption: The company-maintained its record with zero incidents of corruption reported. This was supported by 100% of employees completing anti-corruption training
• Economic Performance: Despite a 32% turnover adjustment, Summertown Interiors remained financially stable, with turnover figures only 4% below the five-year average. The company achieved an In-Country Value (ICV) score of 25% in Dubai and 26% in Abu Dhabi, reflecting its commitment to local economic value creation by prioritising local suppliers and resources
• Human Rights: All employees complete human rights training, and 100% of vendors were vetted through rigorous procurement processes. No employee grievances were reported, underscoring the company’s commitment to a fair and respectful workplace

Marcos Bish, Managing Director of Summertown Interiors stated, “Our 2024 Sustainability Report highlights our unwavering commitment to sustainability.  JOURNEY2030 isn’t just a strategy—it’s our north star, guiding us to deliver sustainable interior solutions and create a safe, thriving workplace. We align with the UAE’s national sustainability agenda and the UN Sustainable Development Goals because we believe in a future where every project contributes to a better world.”

“Over the past year, we’ve focused on meeting external sustainability accreditations for all projects, eliminating waste to landfills from our offices and sites, and improving workplace happiness and well-being. As we move forward, we’re committed to leading the charge in sustainable fit-out practices and education, constantly evolving and innovating to meet our JOURNEY2030 goals,” Bish added.

The Summertown 2024 Sustainability Report follows the Global Reporting Initiative (GRI) Standards, ensure reporting in principles of accuracy, balance, clarity. Summertown Interiors also conducts internal assurance processes, including reviews by the sustainability committee, corporate team members, and all responsible departments to uphold the report’s integrity and reliability, the statement concluded.

The post Summertown Interiors released its 2024 Sustainability Report appeared first on Middle East Construction News.

Source: ME Construction News

The post Big Project ME – September/October 2024 appeared first on Middle East Construction News.

Source: ME Construction News

ASB Hospitality has appointed Dutco Construction as the main contractor for the Gran Meliá Hotel Dubai Jumeirah. Set to be the first beachfront property under the Gran Meliá brand in the UAE, the resort will be a addition to Dubai’s luxury hospitality sector.

Located on the prime headland of Port De La Mer in Jumeirah, the development spans a plot totalling 31,066sqm, and will have a gross floor area (GFA) of 42,522sqm and built-up area of 88,909 sqm. The resort will offer views of the Arabian Gulf from three sides of the hotel and Dubai skyline.

“The Gran Meliá Hotel – Dubai Jumeirah represents more than just another hotel; it’s a lifestyle destination, born from the strategic partnership between ASB Hospitality and Meliá Hotels International. This collaboration brings together a wealth of expertise and vision to create an exceptional guest experience. By partnering with Dutco Construction, renowned for their excellence and precision, we are confident that our ambitious vision will be realised to the highest standards of quality and luxury,” said Heddo Siebs, CEO of ASB Hospitality.

The 5-star resort will have 380 keys, including 31 exclusive suites with private pools, and can accommodate up to 1,000 guests. Each room will boast views of the sea and city.

Nelson Gibb, CEO of Dutco Group added, “We are thrilled to be appointed as the main contractor for the Gran Meliá Hotel – Dubai Jumeirah, a project that will raise the bar for luxury hospitality in the UAE. Partnering with ASB Hospitality on such a visionary development is a privilege, and we are committed to delivering a resort that will become the next icon in Dubai’s skyline.”

Lead consultant and project architect MOMA known for innovative and context-driven designs says the hotel concept draws inspiration from the elegant contours of an oyster shell. This ensures all guest balconies are oriented towards the sea to maximise the views. The interiors, designed by Lagranja Studio, add a modern, aesthetic and creating a blend of luxury and comfort, it added.

Amenities will include state-of-the-art wellness and fitness centres, direct marina access, and a private beach. The resort will feature two swimming pools: one of the UAE’s longest infinity pools at 63m, overlooking the sea, and a garden oasis pool measuring 53 x 11m, offering guests a serene retreat.

Carter Hones Associates, also appointed by ASB Hospitality, will provide project and cost consultancy services throughout the construction process, drawing on their expertise in the luxury hospitality sector in the region.

Nathan Hones, COO at Carter Hones Associates added, “We are honoured to contribute our expertise to such a distinctive hospitality project. This collaboration allows us to work alongside visionary and respected partners who share our commitment to delivering a property that will stand as a symbol of excellence in hospitality. With enabling and piling works already completed, structural concrete work has commenced, and construction is progressing rapidly. The resort is on track to open in Q4 2026.”

The post Dutco appointed as main contractor for Gran Meliá Hotel Dubai Jumeirah appeared first on Middle East Construction News.

Source: ME Construction News

The post Truck&Fleet ME – September 2024 appeared first on Middle East Construction News.

Source: ME Construction News

Mouawad and OCTA Properties have inked an agreement which will see OCTA Properties serve as the global licensee for Mouawad-branded residences, marking a new chapter in the jewelry brand’s journey into the world of premium real estate.

As the provider of branded residence services, OCTA Properties’ innovative solutions and partnerships with Mouawad’s high-profile developments aims to ensure that each residence will embody Mouawad’s every detail.

The partnership is long-term and not limited to just one project. The agreement is already in effect, with both parties excited to deliver experiences in the luxury branded residences, said a statement.

Pascal Mouawad, Fouth Generation Co – Guardian noted, “For more than a century, Mouawad has long been a hallmark of luxury and enduring elegance. Our collaboration with OCTA Properties enables us to expand our legacy into the realm of branded residences, infusing our unique identity into prestigious developments around the world. We believe this milestone will set a new standard for luxury living in the real estate market.”

Fawaz Sous, CEO of OCTA Properties added, “We are honored to be chosen for this transformative venture. Collaborating with Mouawad to introduce their iconic brand into the luxury residential sector aligns perfectly with our expertise. We are eager to unveil our first project and embark on this extraordinary journey.”

The exclusive partnership promises a unique lifestyle experience, blending Mouawad’s rich heritage with OCTA Properties’ cutting-edge development expertise.

The post MOUAWAD partners with OCTA PROPERTIES to launch branded luxury residences appeared first on Middle East Construction News.

Source: ME Construction News