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July 22, 2024 foasummit0

Agratas has awarded UK-based contractor Sir Robert McAlpine the contract to build a battery cell manufacturing facility in the UK. Agratas, which is Tata Group’s battery subsidiary, noted that Sir Robert McAlpine will build Building One of the facility and ancillary developments, covering a gross external built area 244,710sqm near Bridgwater in Somerset.

The contractor said it has begun preparations for the development, which is scheduled to be operational in 2026. It added that initial works have been underway onsite for several months, with piling for Building One expected to commence in the coming weeks.

The development of Building One will require approximately 2,100 construction roles at peak times, many across Tier 3 and 4 of the supply chain.

“The beginning of this partnership with Sir Robert McAlpine is another pivotal moment for our nationally significant project. The team brings an unrivalled commitment to technical excellence, client service, sustainability and exemplary project delivery, and most importantly, they live and breathe our shared vision of placing community at the heart of everything we do,” said Joe Hibbert, Vice President for Capital Projects at Agratas.

Agratas said that by the early 2030s the wider facility will contribute almost half of the projected battery manufacturing capacity required for the UK automotive sector.

Grant Findlay, Executive Managing Director for Buildings, Sir Robert McAlpine concluded, “Across our 155-year history, we have always been at the forefront of industrial change in the UK. This is why we are proud to be working with Agratas as its preferred delivery partner.”

The post Agratas awards contract for construction of UK battery cell facility appeared first on Middle East Construction News.


Source: ME Construction News


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July 22, 2024 foasummit0

Emirates REIT has announced the sale of Trident Grand Mall. The mall is a two-floor retail component of Trident Grand Residence in Jumeirah Beach Residence, Dubai Marina.

Emirates REIT has investments principally in income-producing real estate in line with shari’a principles. It currently owns a portfolio of nine assets in the commercial, education and retail sector.

First opened in 2014, Trident Grand Mall features 22 retail units over two floors and 164 basement parking spaces. It has undergone significant repositioning of its retail offer in the last 10 years, including renovations and enhancements to the tenant mix.

According to Equitativa, the agreed purchase price is US $20mm, which is above the asset’s latest valuation. The net sale proceeds from the divestment will be used to partially redeem the secured sukuk certificates issued on 12th December 2022.

On the strategic sale, CEO Thierry Delvaux said: “We are delighted to close this transaction, which will deliver a positive outcome for Emirates REIT’s stakeholders and support our wider strategy of portfolio performance optimisation.

“The proceeds from this strategic sale will contribute to our efforts to reduce our financing costs and return more value to our stakeholders. This will ensure that Emirates REIT is positioned to deliver long-term success for all our partners.”

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Source: ME Construction News


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July 22, 2024 foasummit0

The Sustainable City – Yas Island has received the prestigious Estidama 5 Pearl classification for the design of its residences.

Developed by a partnership between Aldar Properties and SEE Holding, the rating endorses both parties’ commitment to social, environmental, and economic sustainability.

The green building rating by Abu Dhabi’s Urban Planning Council is the highest available rating under the Pearl Villa Rating System (PVRS) and signifies excellence in sustainable development.

It is characterised by advanced energy-efficient building designs, water conservation measures, integration of green spaces and pedestrian-friendly pathways, use of eco-friendly materials and dedication to enhancing both environmental quality and community wellbeing.

Homes in The Sustainable City – Yas Island will be powered by solar energy, with a high volume of solar panels installed on the properties and also across the parking infrastructure. These will enable residents to save up to 50 percent on energy bills.

The whole development is designed to promote energy and water efficiency. It features a central ‘green spine’ with bio-domes to encourage community farming, and a network of communal battery-charged buggies and bicycles will encourage personal mobility and accessibility for all.

The construction of the project is underway, with the first handovers expected at the end of 2025.

Faisal Falaknaz, Aldar’s Group Chief Financial and Sustainability Officer, said: “Sustainable City – Yas Island is a benchmark for building resilient and sustainable communities in the UAE and is a testament to both partners’ commitment to sustainable development.

“Supporting Aldar’s ambitious 2050 Net Zero target, the development provides a framework for the future of sustainable cities and supports the growing demand and expectation set by our customers for environmentally friendly and socially conscious living destinations.”

The post Top Estidama rating for Sustainable City – Yas Island appeared first on Middle East Construction News.


Source: ME Construction News


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July 22, 2024 foasummit0

The Middle East is at a critical juncture in its development. Rapid urbanisation has brought prosperity and modernisation but also significant challenges, particularly in terms of traffic congestion and environmental impact. Urban mobility remains a critical element of city life as it impacts its residents, the environment, and affects the value of real estate.

Whilst the idea of compact neighbourhoods is hardly new, the 20-minute city concept offers one, forward-thinking, solution to these issues. By designing cities where residents can access work, education, healthcare, and leisure within a 20-minute walk from any point in the neighborhood, we can significantly reduce our reliance on cars, thus alleviating traffic congestion and cutting down carbon emissions. Other solutions present as critical for improving urban mobility as well. Enhanced public transport systems and last-mile mobility services play a vital role in creating a seamless urban experience. Efficient and reliable public transport options, such as buses, trams, and metro systems, reduce the dependence on private vehicles. Investment in public transport infrastructure ensures that cities can accommodate growing populations without exacerbating traffic congestion.

The UAE has been at the forefront of innovative urban planning. In a notable recent development, The Executive Council, chaired by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, convened at the Arabian Travel Market this month, taking place at the World Trade Centre, to approve a new traffic plan centered on remote working. The plan aims to ease congestion and improve traffic flow on the roads, showcasing Dubai’s proactive approach to urban mobility challenges.

Expo City in Dubai stands as an existing example of the 20-minute city concept in action. This development was designed with sustainability and accessibility at its core. Expo City is a microcosm of what urban living can and should be in the Middle East. It boasts a mix of residential, commercial, and leisure spaces all within a 20-minute walkable distance. The infrastructure supports cycling and walking, with green spaces and pedestrian-friendly pathways integrated throughout the development. This design reduces the need for car travel, thereby decreasing traffic congestion and contributing to lower carbon emissions, so tackling, head on, immediate urban mobility constraints.

Another notable example is Msheireb Downtown Doha in Qatar. As the world’s first sustainable downtown regeneration project, it combines modern construction techniques with cultural and contextual precedents, focusing on the human experience and comfort in an arid climate. This meticulously planned area ensures easy access to essential services, promotes pedestrian-friendly spaces with wide sidewalks and shaded walkways and includes efficient public transport links. The development unites a sense of community with retail, offices, a mosque, hotels, and both low-rise and high-rise residential buildings, significantly enhancing residents’ quality of life, while reducing environmental impact by encouraging walking and public transport use over private cars.

Within the Middle East, authorities are actively embracing the walkable city approach with regards to existing urban areas and those that have yet to be built. The Dubai 2040 Urban Master Plan recognises the significance of time in people’s lives and acknowledges that effectively managing and utilising time for commuting and meeting basic needs is a crucial pillar in enhancing the quality of life. Future projects like these are highlighting government support in urban mobility.

However, transitioning to a 20-minute city model is not without its challenges.  In basic terms, our cities are not designed for cellular neighbourhood structures, and this means that to a degree, we will always need to move from one part of the city to another.  The advancement of 20-minute cities requires significant investment in infrastructure and a paradigm shift in urban planning. Policymakers and urban planners must prioritise mixed-use developments that integrate residential, commercial, and recreational spaces. There needs to be a concerted effort to enhance public transport systems and make walking and cycling more attractive and thermally comfortable options. Additionally, community engagement is crucial to ensure that developments meet the needs of residents and foster a sense of ownership and pride in their neighborhoods.

Last-mile mobility services, such as bike-sharing programs, e-scooters, and on-demand shuttle services, complement public transport by providing convenient options for the final leg of a journey. These services bridge the gap between public transport stations and residents’ homes or workplaces, making it easier for people to choose sustainable modes of transport. While in cities like Dubai and Doha, integrating these last-mile solutions with existing public transport networks has been effective within their 20-minute cities, enabling these links on a city-wide scale will be crucial for achieving a truly connected and efficient urban mobility system.

Looking beyond isolated neighbourhoods, society will always have the need to travel further than their immediate surroundings. To this end we must also consider interlinking options between neighbourhoods, as well as alternatives to longer distance travel requirements. New modes of transport such as last mile, electric, autonomous, EVTOL Drones are being discussed in a more tangible way, with visible progress being made. This is a critical marker that it’s not only on urban planners to facilitate urban mobility improvements but the transport industry and government support as well.

As we look to the future, with continued investment and a collaborative approach to urban planning, urban planners in the region will need to use innovative design strategies to create even tighter neighborhoods, while forecasting future societal habitation trends, as far as ten years down the line, given the average project timeline. The region is going to quickly push to the 20-minute city, meaning master planners need to feature smart mobility solutions that encourage sustainable and flexible means of movement, allowing people to travel safely and conveniently between their office and home, to airports and around the city.

The post Embracing the 20-Minute city appeared first on Middle East Construction News.


Source: ME Construction News


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July 17, 2024 foasummit0

Mace, the global programme and project delivery consultants and construction specialist, has published its 2023 Annual Report, showcasing record-breaking revenue and profit before tax. The company’s substantial expansion in global consultancy work and a significant boost in construction revenue have set new benchmarks for the firm.

For the year 2023, Mace reported a revenue of AED 11.24 billion (£2.36 billion), marking a 25% increase from 2022’s AED 9 billion (£1.89 billion). The operating profit soared by 94%, reaching AED 306.3 million (£64.3 million), while the profit before tax rose by 68% to AED 293.9 million (£61.7 million). The company also saw a 42% increase in net assets, which now stand at AED 362.5 million (£76.1 million), and a 14% rise in cash reserves, totaling AED 837.4 million (£175.8 million).

Mace’s investment in research and development also saw a notable uptick, with AED 323.9 million (£68 million) allocated to innovation—a 19.3% increase from 2022. The Group surpassed its 2026 value-to-society target, delivering AED 4.3 billion (£912 million) in 2023, and has made significant strides towards its ambitious goal of saving 10 million tonnes of client carbon by 2026, having already saved or identified for elimination over 1.7 million tonnes.

Key highlights from the 2023 Annual Report include the completion of iconic projects such as the One Za’abeel tower in Dubai and the Brent Cross West rail project in London. Mace’s consultancy business reported a 24% increase in revenue, totaling AED 2.9 billion (£619.4 million), driven by securing new mandates in Asia, the Middle East, the Americas, and Europe. Meanwhile, the construction business saw revenues leap to AED 8.2 billion (£1.73 billion), with 60 new projects valued at AED 11.2 billion (£2.36 billion).

Significant milestones in 2023 included the completion of ‘n2’ and ‘The Forge’ for Landsec in London, with the latter being the UK’s first Net Zero office development. The Group also announced leadership and governance changes, with Mark Reynolds set to become Executive Chairman and Jason Millett to take over as Chief Executive in January 2025. Mace aims to align its governance structure with the UK Corporate Governance Code by 2025, including the formation of a new Board and the appointment of four non-executive directors.

Additional highlights from the report include Mace’s inaugural Taskforce for Climate Financial Disclosures (TCFD) report, maintaining carbon neutrality by offsetting 10,758 tonnes of carbon, and achieving award-winning safety standards with a 0.04 accident frequency rate. The global headcount grew to almost 7,500, and the Group made charitable donations totaling AED 2.3 million (£500,000).

Mark Reynolds, Chairman and Group Chief Executive, commented, “2023 was a landmark year, marking the mid-point of our 2026 Business Strategy, and seeing us take a major step towards our target of achieving annual revenues of more than AED 14.2 billion (£3 billion) by 2026. Our vision is for Mace to be the world’s leading programme and project delivery consultant and construction expert—a purposeful and sustainable business; and 2023’s results show that we are well on the way to making that a reality.”

Reynolds attributed much of Mace’s growth to securing major consultancy programmes globally, reinforcing the company’s position as a credible global consultant capable of delivering complex projects at scale. He praised Mace’s teams for driving innovation, sustainable delivery, and purpose-led growth worldwide.

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Source: ME Construction News


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July 17, 2024 foasummit0

New Murabba Development Company – a specialist division of the PIF – has unveiled the design of New Murabba Stadium, a world-class venue set to have a capacity in excess of 45,000. The stadium will be a central pillar of the “New Murabba” district, a downtown destination in Riyadh City.

The stadium’s design is inspired by the layered overlapping branches of the native Acacia tree, with the goal of creating a fusion of tradition and innovation.

The stadium will feature cutting-edge sporting technology, creating an immersive and personalised fan experience. The stadium environment will also be a vibrant community hub, featuring illuminated entry points and shaded spaces for gathering and socialising.

Michael Dyke, CEO of New Murabba Development Company, said: “The New Murabba Stadium embodies our commitment to transforming Riyadh into a global destination for sports and entertainment. The stadium will not only be a world-class venue for sporting events but also a vibrant community hub that enhances the quality of life for residents and visitors alike.

“The New Murabba Stadium is a symbol of Riyadh’s dynamic future. It demonstrates our commitment to delivering world-class infrastructure and experiences that will captivate both local communities and global audiences.”

The stadium design also maximises long-term usability, allowing it to be adapted to host a wide range of events beyond sports, including gaming competitions and exhibitions.

Completion is scheduled for Q4 2032. The venue’s larger aim is to be a symbol of Riyadh’s transformation, attracting tourists, fostering community spirit, and solidifying Saudi Arabia’s position as a leader in sports and entertainment.

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Source: ME Construction News