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December 9, 2022 foasummit0

Risk mitigation, dispute resolution, expert witness and litigation specialist HKA has appointed Amanda Clack as Regional CEO of its newly formed Europe, Middle East, and Africa (EMEA) region.

According to HKA, Clack is an industry-renowned figure in quantity surveying, programme management and real estate, and has significant experience in both the private and public sectors.

Her expertise in professional services has seen her appointed to numerous boards including Chair of Trustees at the University College of Estate Management (UCEM), Chair of the RICS Infrastructure and Construction Market Forum, Member of the Mayor of London’s Infrastructure Advisory Panel (IAP), and Senior Adviser to the Construction Leadership Council (CLC) & Building Safety Challenge Panel, HKA stated.

In June 2022, HKA’s Nurul Sabri said that overcoming pay disparity based on ethnicity will require commitment of all levels and a strong collaborative approach.

“I am delighted to welcome Amanda to our team. HKA gains an industry leader with a proven track record of delivering growth, building high-performing and successful teams, and delivering exceptional services to clients. Amanda is joining HKA at an exciting point as we continue to enhance our position in the industry and expand into new geographies and industries. She will be incredibly valuable in helping HKA deliver increased value to our clients, employees and wider stakeholders,” said HKA Partner and Chief Executive Officer, Renny Borhan.

Prior to joining HKA, she was an Executive Director at CBRE and a member of the UK Executive Committee and the Management Board. She was also the Head of Strategic Advisory, Head of Public Sector and chaired the Strategy Board. Prior to CBRE, she held several positions at the Partner level, most recently with Big Four consulting firms EY and PwC, HKA noted.

Clack’s reputation in her field saw her become the longest serving President of the Royal Institution of Chartered Surveyors (RICS) in 123 years. In 2018, she was named ‘Most Influential Surveyor’ at the RICS 150th Anniversary ‘Pride in the Profession’ awards in the category of Top Surveyors of All Time. She is a Fellow of six institutions, including RICS, the Institution of Civil Engineers, the Association of Project Management and the Royal Society of Arts, the company added.

In late September 2022, Crispin Cockman rejoined HKA as Director.

“I am very excited to be joining HKA at such a pivotal moment of its growth journey. I have been impressed by the progress HKA has made over the past five years and inspired by its vision to achieve the best possible outcome for its clients, every time,” remarked Clack.

HKA pointed out that Clack is a passionate advocate for causes surrounding equality, diversity, and inclusion in both her professional and personal life. She co-authored Managing Diversity and Inclusion in Real Estate (Routledge, 2019) and has been the Executive Vice President for The Story of Christmas charity and appeal since 2021.

She concluded, “At the helm of the new EMEA region, I will work closely with colleagues to grow the region, enhance our client service, and make HKA an even greater place to work. I am looking forward to meeting many new colleagues across the regions as we work together to expand and augment our position in our core market sectors.”

In December 2022, HKA was recognised as the winner in the ‘Dispute Resolution Champion of the Year’ category at the 2022 Middle East Consultant Awards.

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Source: ME Construction News


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December 9, 2022 foasummit0

Magna Tyres has expanded its range of tyres for earthmoving and mining equipment with three new sizes, the company has revealed.

Among the new additions the 775/65R29  Magna M-TERRAIN+, specially developed for best performance under articulated dump trucks, has been introduced as an upgrade on the Magna M-TERRAIN.

“With the addition of the Magna M-TERRAIN+ to the range, we have created an additional degree. The 775/65R29 Magna M-TERRAIN+ L4 can handle up to 20,600kg. With this size, we have developed a solution between the 750/65R25 and the 875/65R29, and we can provide even more machinery with the right tyres,” the company said.

In late August 2022, Mitas expanded its tyre range for wheeled and backhoe loaders and, in late September 2022, Continental launched its new LD-Master L5 Traction construction tyre.

The Magna MA10+ which was already available in five different sizes, has been further enhanced with the addition of the 15.5R25 Magna MA10+, a new sized tyre that can carry up to 7,100kg. Similar to other tyres in this range, it comes with a deep, open tread for traction in different environments and is constructed from puncture-resistant rubber and with a non-directional tread design for best damage resistance.

The company has also added the 17.5R25 Magna MA08, a tyre most suitable for loaders due to its high levels of traction and tyre grip. In addition, the Magna MA08 can now also be fitted to machines that can carry up to 8,500kg in weight.

In late November 2022, Apollo Tyres launches new radial tyres for compact construction equipment.

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Source: ME Construction News


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December 9, 2022 foasummit0

Eight units of SANY equipment including truck mixers, batching plants, loaders and telehandlers have been delivered to Iraq to support the construction of the Nasiriyah International Airport, the manufacturer has announced.

The machines were delivered to China State Construction Engineering Corporation (CSCEC) to be used on the project, which involves the construction of a terminal building, an air traffic control building, a cargo building, a 25km airport expressway, some auxiliary facilities and the renovation of the runway and parking apron.

Designed for a capacity of 750,000 passengers per year, the new airport is expected to become the new aviation hub of southwestern Iraq, boosting the development of local traffic, the economy and the investment environment.

In May 2022, SANY was recognised at the 2022 Construction Machinery Middle East Awards in the ‘Outstanding Manufacturer of the Year’ category.

The deal for the construction of the project was finalised last year when Iraqi Prime Minister Mustafa Al-Kadhimi hosted a signing ceremony between CSCEC (China State Construction Engineering Corporation) and the Iraqi Civil Aviation Authority (ICAA).

Liu Feilong, Chief Engineer at CSEC, said that the equipment would play an important role in transforming the construction site into an international airport that would be suitable for large aircraft.

Work began on the project earlier this year and is expected to take up to three years to complete.

In August 2022, SANY became the first Chinese heavy equipment manufacturer to export lighthouse factory built machinery and, in early September 2022, it delivered concrete machines to a client in Jordan.

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Source: ME Construction News


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December 8, 2022 foasummit0

The successful completion of several experiments with different feedstocks of its electrically heated rotary kiln will revolutionise the cement, quicklime and pulp production industries, VTT Technical Research Centre of Finland (VTT) has said.

The firm pointed out that cement and quicklime production causes significant emissions for two key reasons: the process requires a temperature of about 1,000-degrees Celsius, which means that emissions are released into the atmosphere when fuel is burned to create such high temperatures; second, as limestone – the main raw material of cement and quicklime – is heated, its carbonate decomposes into carbon dioxide, causing further emissions.

The production of carbon-neutral industrial-quality burnt lime mix has been an elusive goal until now, the firm said, while adding that finding a solution is a top global priority. The firm pointed out that its experiments were done between November 2021 and October 2022.

In early October 2022, Betolar unveiled its first India-made low carbon concrete products.

“Limestone is one of the most used raw materials in the world, so it is urgent we find ways to use it in a more environmentally friendly way. At VTT, we have been able to make the crucial calcination phase more sustainable. With tests of our electric kiln, we have proven that replacing combustion processes with electricity-based solutions is an effective means of curbing climate change. Furthermore, the quality of the burnt lime product is good,” said Eemeli Tsupari, Principal Scientist at VTT.

The captured CO2 can also be used for industrial purposes, from synthetic fuels to novel materials, like plastic replacements. It can also be permanently trapped, if mixed into concrete used for sidewalks, roads and bridges, VTT stated.

The pilot kiln is said to have been designed with convenient transportation in mind. When housed inside a cargo container, it can be easily transported to industrial plants, and used in different production processes, including chemical pulping in the paper industry.

In mid-October 2022, four cement factories said they would use alternative fuels following a deal with MOCCAE and Emirates RDF.

Tsupari added, “With proof of concept for the electric kiln in the pre-calcination phase, we are on the path towards fully decarbonising the second burn process by considering new carbon-free heat sources, such as hydrogen, to reach the necessary temperatures.”

The current global energy crisis has made electricity an even more desirable source of energy due to the high prices of fossil fuels. He continued, “The current high cost of natural gas makes electricity a more viable option for heating processes than gas. Solving this challenge globally could be the equivalent of taking millions of cars off the roads each year. We are now looking for partnerships with major industrial players to take this solution to the next level.”

Finnish cement supplier, Finnsementti, and Nordkalk, a manufacturer of limestone-based products, also participated in the test process.

In early November 2022, Dar Al Arkan said it had completed Saudi Arabia’s first 3DCP villa.

“The raw meal of cement production was successfully treated in the trial runs to an intermediate product, which is fully calcined but not yet reacted with silica, which is exactly what we want a calciner to achieve,”  Mathias Frankenhaeuser, Technical Manager at Finnsementti commented.

Erkka Uuttu, Energy Manager at Nordkalk remarked, “It’s exciting to see that properties of calcium oxide produced in the best experiment points are very near to product-grade burnt lime.”

The kiln is located at a VTT facility in Central Finland in the city of Jyväskylä. Tsupari concluded, “Next, we would love to find a technology partner to help us build a large kiln to scale the output.”

In late November 2022, GUtech 3D said it printed three structures in eight days in Oman.

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Source: ME Construction News


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December 8, 2022 foasummit0

Cavendish Maxwell, the UAE-based real estate advisory, and the country’s largest property valuation firm has announced that it will be acquiring a majority stake in Property Monitor, the real estate technology and market intelligence specialist.

The acquisition marks the first move from Cavendish Maxwell in establishing a real estate innovation hub aimed at bridging the gap between traditional expertise and artificial intelligence (AI)-enabled disruptive solutions. This in turn will significantly benefit the clients of both companies, a statement said.

Chris Taylor, Group CEO, Cavendish Maxwell commented: “Cavendish Maxwell and Property Monitor have always enjoyed a close-working, mutually beneficial partnership. This acquisition will allow both companies to accelerate and amplify these benefits internally, but more importantly for both Cavendish Maxwell and Property Monitor’s clients.

In April 2021, Cavendish Maxwell launched property management services in Oman.

Chris Taylor, Group CEO, Cavendish Maxwell

“This is also the first step by Cavendish Maxwell in creating a real estate innovation hub for the UAE real estate sector, which will aim at creating hybrid valuation solutions and accelerating the development of data-powered measurement and decision-making tools for its clients. The growth of proptech solutions in the market will only accelerate and Cavendish Maxwell intends to be at the heart of it.”

As part of the agreement, Henri Bacha, Property Monitor’s CEO, will take on new responsibilities within Cavendish Maxwell as Group Chief Commercial Officer, whilst maintaining his current role with Property Monitor. Property Monitor’s COO, Zhann Jochinke, will also see his responsibilities increase as he assumes the position of Director of Market Intelligence & Research within the Group.

Speaking on the acquisition, Bacha said that 2022 has been a record year for the company in terms of revenue, number of clients and overall adoption of its market intelligence product ‘PMiQ’.

In January 2022, Cavendish Maxwell appointed a new Group CEO.

“It has also seen the launch of our suite of property technology solutions, which are gaining traction with brokers, surveyors, developers, banks, and portfolio managers alike. We are very excited to offer our real estate innovation and big data expertise to the Cavendish Maxwell group, and proud of the trust they have put in us to further the adoption of proptech solutions in the different markets where they operate,” he concluded.

In early December 2022, Knight Frank said Dubai’s prime residences are set to lead global price rises.

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Source: ME Construction News


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December 8, 2022 foasummit0

23 winners were recognised last night at the eight annual edition of the Middle East Consultant Awards (MEC Awards). The 2022 MEC Awards set a significant benchmark through hosting over 300 guests from across the GCC at the Ritz Carlton JBR in Dubai.

According to the editorial team at Middle East Consultant, a total of 209 submissions were received when nominations closed on 18 November. The figure is the second highest number of nominations received for the event, following the 2021 edition’s total of 215.

Discussing the judging process, the editorial team said it went through two rounds of eliminations to create the shortlist and, finally, picked the winners ahead of the gala night.

The judges for the 2022 MEC Awards were: Kareem Farah, Director, ECC Group; Margarita Huaca, Engineer & Sustainable Development Specialist, Enernouva; Benoit Meulewaeter, Chief Technology Officer, Besix 3D; Peter Docwra, Director, G20 Summit, Riyadh and Paul Godfrey, Head of Content, Middle East Consultant.

“The competition between companies and individuals was perhaps the fiercest it has ever been. More and more businesses, regardless of size, sent entries of high quality, and these rewards are no longer just the preserve of very big names,” said Godfrey.

The 2022 Middle East Consultant Awards was supported by several companies including:

Social Media Sponsor: WSP

Gold Sponsor: KEO

Silver Sponsor: AECOM, CCI, Compass, Kingspan Insulation, K Tech Consulting, North 51 Consulting, RSP, Step Engineering, TBH

Category Sponsor: Insinkerator

Network Sponsor: Polypipe Middle East

Supporting Partner: NEB

As the returning social media sponsor for the event, WSP once again hosted a social media selfie competition, the winner of which would walk away with a brand-new Apple Watch. The competition was well received and, ultimately, Noel Casipit, Senior Lighting Designer, Studio Lumen Lighting Design and Consultancy was chosen as the winner at the end of the night.

The full list of categories and winners are as follows:

Under 30 Champion of the Year

  • AECOM – Katy Adubi
  • Buro Happold – Bestan Star
  • JLL – Samit Sheth
  • Ramboll Middle East – Ghina Yamak
  • Serco Experience Lab – Rena Baba

Winner: Katy Adubi – AECOM

Woman in Construction Professional of the Year

  • AECOM – Jennifer Stables
  • AESG – Nivine Issa
  • JLL – Louise Collins
  • Kingspan Insulation – Salma Khedar
  • Tangram MENA – Sandra Woodall

Winner: Louise Collins – JLL

Executive of the Year

  • AECOM – Hamed Zaghw
  • AESG – Scott Coombes
  • Compass Project Consulting – Luke Somerville
  • Dewan Architects + Engineers – Ammar Al Assam
  • Turner & Townsend – Alan Talabani
  • U+A Architects – Mohamad Habsah

Winner: Alan Talabani – Turner & Townsend

Gender Diversity Champion of the Year

  • AESG
  • HKA
  • JLL
  • Silcock Leedham

Winner: JLL

Health & Safety and Wellness Champion of the Year

  • Altorath International Engineering Consultancy
  • Climatize
  • Omnium International

Winner: Omnium International

Dispute Resolution Champion of the Year

  • CCi
  • HKA
  • Inshield
  • Northcroft
  • Omnium Resolve

Winner: HKA

Company of the Year

  • Bainona Engineering Consultancy
  • DLR Group
  • Omnium International
  • Orange Design Group

Winner: DLR Group

Interior Design Company of the Year

  • B8 Architecture and Design Studio
  • Bainona Engineering Company
  • DLR Group
  • MEMAR Architecture

Winner: B8 Architecture and Design Studio

Enterprise Business of the Year

  • Climatize
  • North 51 Consulting
  • Tangram Meta

Winner: North 51 Consulting

Specialist Consulting Company of the Year

  • AESG
  • CCi
  • Endpoint Middle East
  • KTech Consulting
  • Turner & Townsend

Winner: Turner & Townsend

Sustainable Consultancy of the Year

  • Climatize
  • Cundall
  • Freeline Engineering Consultants
  • Sustain Leadership

Winner: Climatize

Cost Consulting Company of the Year

  • Compass Project Consulting
  • JLL
  • Omnium International
  • Rider Levett Bucknall
  • Turner & Townsend

Winner: Omnium International

Lighting Design Consultancy of the Year

  • Glare
  • Nulty
  • Studio Lumen Lighting Design and Consultancy

Winner: Studio Lumen Lighting Design and Consultancy

Project Management Company of the Year

  • Bainona Engineering Consultancy
  • Freeline Engineering Consultants
  • JLL
  • Land Sterling

Winner: JLL

Structural Engineering Company of the Year

  • Bainona Engineering Consultancy
  • DeSimone Consulting Engineers
  • Dewan Architects + Engineers
  • Freeline Engineering Consultants

Winner: Bainona Engineering Consultancy

MEP Engineering Company of the Year

  • Bainona Engineering Consultancy
  • Black & White Engineering
  • Freeline Engineering Consultants
  • Mott MacDonald

Winner: Bainona Engineering Consultancy

Architectural Company of the Year

  • Altorath International
  • B8 Architecture and Design Studio
  • Dewan Architects + Engineers
  • DLR Group

Winner: Dewan Architects + Engineers

Project of the Year – Government & Infrastructure

  • AECOM – Qatar Ministry of Transport, Bus Infrastructure Project
  • Godwin Austen Johnson – Citizens School
  • Pace Middle East – Palace of Justice, Kuwait
  • Trust Engineering Consultancy – Moza bint Mohamed Qur’an and Daawa Center

Winner: Pace Middle East – Palace of Justice, Kuwait

Sustainable Project of the Year: Residential & Commercial

  • Climatize – Damac Lagoons
  • Compass Project Consulting – Bustanica
  • JT + Partners – The W Residences
  • Taka Solutions – Swiss Tower
  • U+A Architects – Villa Amalfi

Winner: Compass Project Consulting – Bustanica

Sustainable Project of the Year: Retail & Public Facilities

  • Altorath – Al Ain Autism Center
  • Climatize – Damac Lagoons
  • Trust Engineering Company – The Cube
  • U+A Architects – Wasl Experience Center

Winner: Wasl Experience Centre – U+A Architects

Sustainable Project of the Year: Hospitality & Tourism

  • AECOM – Habitas Resort
  • Climatize – Amaala Yacht Club
  • Cundall – The Storm Coaster
  • JT & Partners – Syed Al Shuhada
  • Taka Solutions – Fairmont the Palm

Winner: Cundall – The Storm Coaster

MEC’s Lifetime Achievement Award

Winner: Peter Westeng, Chairman of Omnium International

Multi-Discipline Consulting Company

  • AECOM
  • Bainona Engineering Consultancy
  • Cundall
  • Egis
  • KEO International Consultants
  • LC & Partners Project Management and Engineering

Winner: Egis

The MEC Awards will return in 2023 – to read more about the 2022 Middle East Consultant Awards, click here.

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Source: ME Construction News


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December 8, 2022 foasummit0

Raimondi’s official distributor Akem Group placed an order for two new MRT159 flat-top tower cranes, marking a partnership with the manufacturer that has spanned over two decades in Turkey, Iran and Northern Iraq.

The deal was signed between Gokhan Ibrahimiye, Director General, Akem Group, and Cristian Badin, Commercial Director at Raimondi Cranes.

Commenting on the deal, Ibrahimye said, “The tower crane market in Turkey is steadily recovering after the pandemic with the increase in demand for high performing machines, particularly for use in the construction of infrastructure and residential developments. Our fleet is comprised of more than 100 Raimondi cranes, all at work across different sites in Turkey, Iraq, and Georgia.”

In late October 2022, Raimondi Cranes unveiled its new brand and company vision and, later in the month, Wolffkran introduced high-performance fiber rope for tower cranes.

“Raimondi Cranes is pleased to continue our long-term partnership with Akem Group and seeing see our cranes at work in some of the most important jobsites of the region,” added Badin.

The cranes are expected to be delivered in time to support the construction of a new residential development in Turkey with the beginning of the project scheduled for Q1, 2023.

To date, much of the success of the MRT159 has been attributed to its 10t maximum lifting capacity, a tip load of 3.24t at 50m jib, and its ease of installation.

In early November 2022, Raimondi Cranes unveiled new additions to flattop range.

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Source: ME Construction News


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December 8, 2022 foasummit0

Egyptian contractor Orascom Construction has acquired the country’s first two Potain MCR 295 luffing jib tower cranes.

The 16t cranes with 60m jib at the end were purchased from local Potain dealer IDP, who had erected the cranes to support the development of Cairo’s Maspero Triangle district.

“The Potain brand’s reputation for quality in urban development and innovative technology gave us the trust and confidence to expand our fleet with the new MCR 295 cranes. We are proud to have the first units in Egypt working on this prestigious project,” said Hossam Mounir, Equipment Deputy Director at Orascom Construction.

In early October 2021, Saudi Arabia and Egypt signed $1.8bn worth of contracts with consortiums to connect the nations’ power grids.

The 75ac area by the River Nile is home to several high-profile buildings including the Radio and Television Union Maspero building, the Foreign Ministry building, the Dar al-Maarif building, the Italian Consulate, and the Ramses Hilton Hotel.

Given the limited space, Orascom Construction said it needed cranes that were not only reliable, consistent, and high performing but which could also work efficiently on a confined jobsite, helping to meet delivery deadlines.

IDP and Potain erected the cranes with an initial 37m height under hook, and they will reach a final height under hook of 150m. The cranes will remain on site for approximately three years.

In early June 2022, Manitowoc launched a new version of the Potain MCT 565 for short-jib applications.

“We were impressed by the speed and professionalism with which the IDP field service team and Potain technicians erected the cranes on site, and they have since been proving their worth on this upscale project as world-class machines,” Mounir concluded.

In mid October 2022, Orascom Construction said it added $670mn to its backlog in Q3 2022.

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Source: ME Construction News


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December 7, 2022 foasummit0

Luxury residential developer LIV Developers has launched its newest project, LIV Lux, which is billed as an ultra-luxury residential tower in Dubai Marina. The tower will be located across from the Le Royal Meridien and Ritz Carlton Hotels and will be 47 storeys tall.

In a statement, LIV said that the development will feature state-of-the-art amenities and resort-style facilities. It will offer one-, two-, three-, and four-bedroom apartments, as well as duplex penthouses. It will cater to buyers looking to live in prime locations, as well for those seeking real estate investment with high rental yields, the developer stated.

“We are excited to announce the launch of our third project in Dubai Marina, LIV Lux. There is no doubt that the real estate sector in Dubai is booming. After witnessing outstanding results and record-high transactions in the past year, the demand for Luxury and super-Luxury residences in Dubai continues to grow. We have chosen to build LIV Lux in Dubai Marina after seeing the tremendous success of our latest project of 2022, Liv Marina, which has sold out in record time,” said Ishan Khwaja, Director, LIV Developers.

In late October 2022, Sobha Realty launched its first signature residential tower project in Dubai.

He added, “These outstanding developments consistently re-affirms Dubai Marina as the top choice location for investors and buyers.”

The developer said the project will introduce the Signature and Penthouse Collections, with half the units available comprising of LIV’s Signature Collection. The LIV Lux Penthouses will span between 7,000 and 15,000sqft and will feature private art galleries, outdoor jacuzzis, zen gardens, and infinity edge pools on private terraces.

The penthouses will also feature six-metre-high ceilings, with views of Palm Jumeirah and the Arabian Gulf, while there will also be outdoor entertainment spaces.

In early November 2022, Alpago Properties said its luxury Palm Jumeirah penthouse will cost $68.06mn.

Anchoring the building at the top two levels, the SuperLux penthouse is said to be Dubai Marina’s first of its kind penthouse, and will be priced at US $20.4mn. The bespoke residence comprises two full floors totaling 15,270sqft. With a nine-meter infinity swimming pool on its terrace, six-metre double height ceilings, and significant entertainment space, the penthouse will stand amongst the finest in the world, the developer claimed.

The one-of-a-kind property has a private art gallery to hold owners’ private art collections, as well as a cinema, library, and piano lounge, the developer concluded.

In early November 2022, Binghatti and Jacob & Co unveiled an ultra-luxury focused residential tower in Dubai.

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Source: ME Construction News


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December 7, 2022 foasummit0

An initiative to support processes for climate adaptation finance for female entrepreneurs and youth has been launched by the Africa Climate Change Fund (ACCF) Secretariat. The ‘YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience’ scheme aims to develop innovative, transformative climate-resilient bankable projects aligned with African countries’ Nationally Determined Contributions.

The initiative was launched virtually, following the approval of US $1mn grant funding by the ACCF’s development partners for the project. The event is said to have rallied together stakeholders including the project team, quality control, adaptation, gender, and communication experts, and climate change and green growth experts to share experiences.

According to the ACCF, YouthADAPT is a flagship program under the Africa Adaptation Acceleration Program (AAAP), which is unlocking the untapped potential of youth in Africa to drive resilience and green enterprise.

In late-October 2022, the UN Environment Programme (UNEP)’s new Emissions Gap Report 2022 revealed that the international community is still falling far short of the Paris goals.

ACCF Coordinator Rita Effah, and Portfolio Officer, Lucy Debrion, explained the Fund’s operational guidelines on Bank-implemented projects.

“African youth are leading the way, not in talk, but in concrete climate action; as agents of change, innovators, and entrepreneurs,” said AAAP Coordinator and Principal Climate Change Officer Edith Ofwona Adera.

Adera also said that the scheme would support women-led local enterprises promoting adaptation solutions to create additional jobs. She also then thanked the ACCF for collaborating on the projects and commended the fund for its role in facilitating the production of proposals. “That makes our work easier,” she said.

In mid-November 2022, EARTHDAY.ORG unveiled the Climate Education Coalition at COP27.

Following the launch, the AAAP secretariat will regularly engage with the ACCF Secretariat on significant project milestones to ensure that the objective is fully accomplished.

The ACCF is a multi-donor trust fund that aims to contribute to the African Development Bank’s (AfDB) goal to triple its climate financing efforts and build a climate-resilient Africa. It was established by AfDB in April 2014 with an initial contribution of approximately $4.91mn from the government of Germany to support African countries build their resilience to the negative impacts of climate change and transition to sustainable low-carbon growth.

The ACCF was then converted to a multi-donor trust fund in 2017 with contributions from the governments of Flanders, Belgium and Italy. The Global Affairs Canada and the Government of Quebec joined the Fund in 2020 and the Global Center on Adaptation in 2022. The current trust size is said to be $25.71mn.

Later in November 2022, MOCCAE, EAD and ENWWF inked a deal to scale up Nature-based Solutions in a bid to address climate change.

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Source: ME Construction News