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November 9, 2022 foasummit0

RAK Properties has announced that it earned US $7.5mn net profit during the third quarter of 2022, while revenues climbed to $78.84mn, as the company emerged stronger in the current competitive business climate.

In a statement, the real estate company said its total assets increased to $1.7bn during the July-September 2022 quarter, reflecting a notable rise from $1.69bn recorded in December 2021.

“We are pleased to announce our financial results this quarter, which reflect the company’s ability to adapt to the current competitive business climate. We will continue to develop exquisite residential and hotel projects to meet the needs of the real estate market. This sector continues to show great growth potential, providing the best value to investors and shareholders alike,” Abdul Aziz Abdullah Al Zaabi, Chairman of RAK Properties, said.

In July 2021, Hill was awarded the project management contract for the RAK Anantara Resort project.

One of the factors adding significant profit and value to the company’s results in Q3 was the opening of the InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa. Meanwhile, the group is currently focusing its efforts on curating another hospitality project: the Anantara Mina Al Arab Ras Al Khaimah Resort. The development of the hotel is currently progressing at a significant pace, the company noted.

Sameh Al Muhtadi, RAK Properties’ CEO, emphasised that RAK Properties is eager to continue to provide the emirate with exceptional residential destinations, providing residents a comfortable, safe and modern lifestyle according to the highest global standards.

Discussing the company’s projects, he stated, “Construction has started and is progressing as per the development plan at Gateway Residence II, a luxury waterfront residential tower at Hayat Island. RAK Properties has also announced the contract award and project construction of Bay Residence Phase 1.”

In January 2022, RAK Properties began handovers of the Marbella Villas.

RAK Properties announced a number of future development plans, including Bay Residence Phase 2, where two additional towers will be launched soon. Marbella Extension, a residential villa in Hayat Island is under review and will be launched soon. RAK Properties also plans to develop five plots across the Bay Area Projects, in Hayat Island, Mina Al Arab.

In February 2022, RAK Properties launched its Gateway Residences 2 residential project.

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Source: ME Construction News


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November 9, 2022 foasummit0

Eshraq Investments has entered into a Sale and Purchase Agreement (SPA) with Reportage Properties for a land plot on Al Reem Island, Abu Dhabi, with approximately 650,000sqft of Gross Floor Area for a purchase price of US$34.4mn. Eshraq said that the sale concluded at a price higher than the plot’s book value, and underscores its potential to monetise the land bank via transactions that are accretive to Eshraq’s shareholders.

Jassim Alseddiqi, Chairman of Eshraq Investments said: “We are pleased to enter into this agreement with Reportage Properties, one of the leading privately owned real estate developers in the UAE. The transaction, at an attractive price to us, reflects the strength of the company’s balance sheet. We are committed to continue our steady course of implementing the land monetisation program to improve Eshraq’s profitability in the coming quarters.”

Reportage Properties is a real estate developer that offers affordable, modern design homes in Abu Dhabi, Dubai, Saudi Arabia, Turkey, Egypt and Morocco. Under the terms of the sales agreement, Reportage Properties will use the plot in Al Reem Island for a residential project to be developed over a five-year period.

In July 2021, Eshraq Investment’s Marina Rise project received its Building Completion Certificate.

Following the previous sale of two plots in JVC to Danube Properties, the sales agreement with Reportage Properties is another step in Eshraq’s land monetisation program, which was approved by the Board of Directors on 2 September 2022.

Under the program, Eshraq has so far sold c. 27% of its existing land bank GFA for US$43.5mn, and it remains in discussions with other parties regarding the sale or joint venture arrangements for other plots, the statement said.

The company’s land monetisation program is being implemented with the goal of fully monetising the company’s land bank over the next three years through the sale or engagement of partners to develop the land bank and its subsequent sale, it added.

In March 2022, Reportage Properties said that construction work has begun on its 5,500 residential development in Cairo, Egypt.

Aref Ismail Al Khoori, Founder and Chairman of Reportage Group stated, “We are pleased to be working with Eshraq on our first project on Reem Island. This is a great addition to our growing portfolio, which includes 17 projects in the UAE with approximately 11,000 residential units in key investment locations in Abu Dhabi and Dubai. In line with our approach to buy and sell and provide affordable housing solutions to the public, we continue to actively contribute to the growth of the UAE real estate market.”

In September 2022, Reportage said it had begun construction on a new townhouse project in Dubai.

 

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Source: ME Construction News


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November 8, 2022 foasummit0

MAG of Life has announced the launch of eight of a total of 12 mansions at the Ritz-Carlton Residences, Dubai Creekside.

The developer said that each mansion is valued at US $48.1mn and are part of the $1.3bn Keturah Resort – a luxury and wellness development that provides residents and visitors with a healthier environment with 180-degree views of the Dubai skyline and Ras Al Khor Wildlife Sanctuary. It said that the construction cost of the built-up area per square foot is $585.

The Ritz-Carlton Residences, Dubai, Creekside is an independent residential development conceived and designed by MAG of Life; the French designer, Amar Sabeh, and the leading Istanbul-based interior design studio, Autoban.

In September 2022, DAMAC said it was adding ultra-luxurious mansions to its DAMAC Hills development.

Keturah Resort features 12 mansions, eight of which are currently available for sale. The mixed-used development integrates Delos’ wellness innovations, pioneering the concept of Wellness Real Estate in collaboration with world-class scientific and medical experts, including a board of doctors from Columbia University Medical Centre, the Wellness Institute at Cleveland Clinic, and the Centre for Innovation at Mayo Clinic. These elements are said to provide a healthier environment to homeowners and cements an immersive wellness-luxury lifestyle in Dubai.

Talal Moafaq Al Gaddah, CEO of MAG of Life explained, “We launched these eight mansions in direct response to a surge in demand and substantial interest from local and global investors seeking luxurious premium developments in Dubai. The emirate’s attractive policies and business ecosystem played a great role in boosting the real estate sector, and this remarkable milestone is a testament to our premium developments, which are located in some of Dubai’s most growth-inclined residential neighbourhoods.”

“As a catalyst for the advancement of this awe-inspiring city, we work effortlessly to continuously boost FDI and strengthen the emirate’s position through distinctive real estate offerings that surpass international investors’ expectations. We will continue our march to further cement Dubai’s position on the global real estate map,” he added.

In early October 2022, Signature Developers appointed the Devmark Group to launch a new mansion project.

Each of the launched mansions comprises four levels (basement + G + 2) constituting eight bedrooms, a majlis, a spa, a cinema room, and a premium gym with modern equipment. The mansions come in a choice of two architectural themes: earth (46,648.2sqft) and water (45,927.24sqft), MAG of Life pointed out.

The earth mansion’s minimalist architecture is said to represent a space in constant dialogue with its surroundings, hidden from the street yet open toward the water view. Floor-to-ceiling sliding glass allows for expansive views, seamlessly merging the patio and living rooms to transform into one wide reception area when open. The beautiful waterfront views are elegantly framed from the moment they are seen from the lobby, the developer remarked.

Considering natural factors, the water mansion’s design has been carefully crafted according to the site’s climatological characteristics. Noting the sun’s seasonal changes, the architecture has been adjusted to allow the most natural light in without overheating the indoor spaces. Accounting for the higher wind at the creekside, the shape of the mansion allows airflow to cool the building façades and outdoor spaces naturally. Inspired by the nature and history of the area, the concept was made to enhance its natural beauty, the developer added.

In late October 2022, Majid Al Futtaim Communities launched an ultra-luxury concept in its Tilal Al Ghaf development.

The Keturah Resort is said to offer homeowners a wide range of facilities including a Ritz-Carlton hotel; a women’s club; a kids club; a holistic wellness Centre; Michelin-star restaurants, and a retail promenade. The luxurious development will be the first in the MENA region to pursue the WELL Health-Safety certification for its buildings as part of MAG of Life’s registered ‘WELL Community’.

Residents will also have access to a luxury wellness hotel, eight sustainable and organic-focused retail spaces, including weekend farmers’ markets, 24/7 secure private parking with valet, a gated community with unique views of the wildlife sanctuary. All residences will incorporate KETURAH’s Wealth of Wellbeing life concept.

In early November 2022, Alpago Properties announced a luxury Palm Jumeirah penthouse that will cost $68.06mn.

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Source: ME Construction News


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November 8, 2022 foasummit0

Scheduled to open in the fall of 2022, the Grand Hyatt Kuwait is one of the country’s most anticipated hospitality developments in recent years, and is set to be a milestone project for both Hyatt Hotels Corporation and its Kuwait-based owners, Tamdeen Group.

Not only is it already an architectural landmark thanks to its distinctive design and grand aesthetic, but the hotel aims to offer signature guest experiences, while forming an integral part of the country’s most immersive luxury social and lifestyle complex – the 360Mall Kuwait.

The hotel’s design has been conceptualised to seamlessly integrate into the context of its surroundings, complementing the established architectural lines, visually and functionally, while still making a distinct architectural statement all on its own. As part of a flourishing mixed-use development, the architectural planning of the hotel sought to ensure a fluid connection between the adjacent areas that allow guests the ease of flow back and forth from the hotel to the mall.

Located on the Sixth Ring Highway, the Grand Hyatt Kuwait is part of the expansion of the 360 Mall Kuwait, which consists of an additional 20,250sqm of retail space and the five-start hotel, as well as the largest multi-purpose arena in Kuwait and the second Rafa Nadal Tennis Academy in the world.

The hotel has two direct entry points from the mall extension, and in order to take advantage of its location, these unique accesses were created at the main communal levels to allow guests a variety of entry and exit encounters. The Grand Hyatt Kuwait is also connected to the brand new multipurpose indoor ‘The Arena Kuwait’, which has a 5,800-seat capacity.

In addition, the hotel contains three standalone lifestyle dining venues, and these restaurants and lounges utilised the clear sightlines created by the design to absorb mall activities. Designer CallisonRTKL also worked to create other spaces that offer a more intimate and private experience exclusive to hotel guests.

As the tallest building in the area, the nine guestroom floors offer unobstructed views from every angle, while the 302-rooms offer guests a luxury urban escape, complete with impressive architectural designs. All of this adds up to create what is Kuwait’s most exciting entertainment, social and retail destination, one that is unmatched nationally. Cognisant of the significance of the project, the designers ensured that the property has several distinguishing features, such as is its curved design – which was conceived and executed in lieu of a traditional rectangular outline – to allow for a natural and harmonised integration into the existing architectural landscape.

Consequently, the hotel’s exterior design complements the curvilinear design aesthetic of the 360 Mall extension with a series of layers that splay out with unique characteristics. These multiple design features are focused on achieving an environmentally responsive building – inspired by and adapted for the local climate and culture.

As part of this impetus, CRTKL derived the design of the hotel’s signature exterior from the date palm leaf, with specific attention given to the branches of the palm and their ridged shapes that provide the narrative for structure and shade. An inclined glazing system allows the façade to shade itself for large portions of the day, while angled vertical fins were fused between each guestroom to provide additional self-shading as the sun’s angle drops in the afternoon.

Large dynamic screens reminiscent of the traditional mashrabiya were designed with a highly detailed gradient pattern at the podium level, maintaining high visibility at eye level, while also increasing the amount of shade and privacy in various focal areas.

From the outside, the mashrabiya presents a beautiful and enigmatic front, CRTKL says, but the overall, impression created is that of a façade that successfully merges cultural values of heritage, traditional geometric visuals and ancient technical aspects, creating something beautiful that will stand the test of time.

Speaking about the inspiration and motivation behind the project, hotel designer Dustin Wekesser, Associate Principal at CallisonRTKL says: “The entire 360 Mall Kuwait development is a fantastic project with many great entrances and influxes, but as an architectural team, we wanted to make Grand Hyatt Kuwait feel more exclusive and opulent, to set it apart on an entirely different level of luxury.”

“During the conceptualising phase we thought a lot about scale and how guests would perceive their arrival from multiple distances and reviewed several levels of detail to achieve this. The hotel is clean and bold from a distance, featuring details that are angled and large enough to be observed from the main roads. However, as a guest approaches the hotel, the details get smaller and more intricate, creating a dynamic and vibrant play of patterns, shadows, light and textures.”

“Overall, the striking design is cohesive and thorough, as meticulous attention to every detail exemplifies the rigor and quality needed to meet the expectation of an unrivalled experience expected of an impending stay at Grand Hyatt Kuwait,” he adds.

Wekesser reveals that Hyatt was involved early in the design and development of the hotel portion of the project and as such, meeting Hyatt’s requirements and ensuring the design aligned with their brand standards was a key factor in pursing the concept. Furthermore, the hospitality brand’s involvement went beyond the planning stages, with their influence extending to the exterior and interior designs.

Upon arrival at Grand Hyatt Kuwait, guests step into a dramatic hotel lobby that houses an exceptional art program that celebrates the region and public areas that provide an elegant and dynamic backdrop for meetings, socialising and relaxation.

The perimeter of the lobby is swathed in weightless white drapery, while the centre of the lobby is anchored by a marble water-like feature holding an equine sculpture at the centre.

The plush interior of the lobby lounge is accentuated by wall panels clad in white geometric patterns, while orbital shapes in the form of an oversized mobile sculpture rounds off the double volume aesthetics. A distinguished feeling of grandeur is established through a bespoke collection of luxury furnishings.

Large-scale artworks have been commissioned specifically to fit the theme at Grand Hyatt Kuwait, the project’s designers say. In some cases, Meyer Davis started with the artwork, and built the interior design around a certain piece. The ultimate effect is one that offers visitors a chance to experience and engage with some remarkable pieces in a way that could be more intimate than at a museum or gallery setting, Wekesser says.

The rooms feature signature wooden parquet flooring, book-matched marble in the restrooms, floor to ceiling windows, and thoughtfully planned dressing spaces. Sensibly integrated lighting creates a sense of warmth and drama, while custom-forged geometric screens cast shadows at each guestroom entry, giving a subtle nod to the traditional Mashrabiya, a motif that is repeated throughout the architecture of the building.

“The goal was conveying an authentic pride-of-place through design. There is a cultural steadfastness in Kuwait that has created a commitment to preserving and honouring the nation’s history. At the same time, there is an openness to modernisation. We felt it was crucial that the design, craft, and storytelling on display at Grand Hyatt Kuwait was reflective of that great sense of national pride,” Meyer Davis explains.

Throughout the hotel’s environment, design and décor are enlivened with concepts and detailing inspired by the area’s art, architecture, crafts, customs and archetypes, the firm points out, adding that the brief from Hyatt was ‘local in essence but reframed and reconstructed to become a part of the cosmopolitan and glamorous Grand Hyatt hotel sensibility’.

“Hyatt pushed both our architects at CRTKL and the interior designers at Meyer Davis to think creatively about the materials and finishes. We were given license to create a unique identity for the hotel and worked collaboratively with the teams from Hyatt and Tamdeen to explore and implement amazing features, such as self-shading facades, interior living walls, custom screens and more. Now, the results can speak for themselves,” Wekesser states.

While CRTKL served as the design architect and oversaw the project in increasing detail with PACE supporting as the local architect, Ahmadiah Contracting & Trading delivered the project as the contractor.

Wekesser points out that although the Grand Hyatt Kuwait was designed simultaneously with the 360 Mall expansion, Arena and Rafa Nadal Tennis academy, the delivery of the mall and academy were sped up to ensure they opened in 2020, while the hotel’s opening is only scheduled for later this year. This meant that when it was time to deliver the building, the contractor had a lot on its plate as it managed an active construction site around a fully operational, mixed-use development.

In order to ensure the smooth running of the construction process, he explains careful consideration during the planning process played a huge part in devising a schedule that facilitated the smooth running of the construction process.

“Due to the numerous programs that were running simultaneously on what was a relatively small project site, the arrangement of the programmed elements needed to stack, align, and overlap in some instances in order to meet the area and access requirements for each zone. As such, early on, a lot of attention was given to reviewing both live and dead loads with the structural team and to ensure the expansion joints and building separations were in the best locations.”

“Due to the mixed interior functions of the various building types being created, we also needed numerous transfer slabs and beams to provide large column free zones under the mall and hotel that could accommodate larger gathering spaces including the hotel lobby, ballroom and loading dock,” he says.

“Thanks to the position of the hotel on a corner of the project site, we were able to keep the cranes and staging areas for the hotel long after the mall opened and with limited impact on the mall access or visibility from inside the retail space.”

This meant that hotel construction could continue at full force without disturbing the operation of the other zones. Wekesser adds that the biggest challenge faced by the team was the project’s cohesive design, which created multiple visual and physical connections between the various programs and with the staged opening. Those connection points could only be experienced once everything was open and flowing together, he points out.

“Fortunately, early on a great deal of effort was spent on getting the layout of the entire development right to allow for clear separation between the operation of the different spaces and mixed uses. This detailed planning effort, by all the various groups involved, resulted in a servicing strategy that allowed each space to function independently and for each front-of-house to have their own entries and egress strategies,” he continues.

“This diligent work meant operations during the staged opening could be successful and were minimally impacted by the ongoing construction in other areas. Likewise, the team were able to preserve the guest experience, guest access, service strategies and other occupied zones from disruption,” he points out.

The end result of all this diligence is a project that is greatly anticipated by the Kuwaiti population. With the site in a highly visible location, Wekesser says that its excitement amongst residents and visitors has been building for a variety of reasons.

“Located on the Sixth Ring Road, the site is highly visible with local traffic having watched it come to life over the past four or five years. It has since emerged as a striking piece of architecture that is now catching the eyes of those further afield thanks to social media, especially Instagram where the project is getting a lot of attention and pickup,” he relates.

“We have been working as a collective to highlight the incredible different aspects that have taken this from a hotel to a destination – from the architecture and design to the world class Food and Beverage (F&B) offering, the spas, lounge spaces and social terraces. Not to mention the sports, entertainment and retail experiences that come as part of the wider 360 Kuwait development, which are laid out on the doorstep of the Grand Hyatt Kuwait.”

He concludes, “A high bar was set with the original 360 Mall which has been open since 2008. We continued to set new standards and increase expectations with the new mall expansion in 2020, then the Rafa Nadal Tennis Academy and the very recent opening of The Arena at 360. So, naturally, there is a certain level of buzz around the final piece to this puzzle, and we are equally excited to deliver on this and launch a new destination for Kuwait that will put it on the maps of luxury travellers.”

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Source: ME Construction News


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November 8, 2022 foasummit0

Infinity Power Holding has announced that the solar photovoltaic plant it has developed in Sharm El Sheikh is now fully operational, and providing renewable energy to COP27, the United Nations Climate Change Conference that is taking place in the Egyptian city.

The firm is a joint venture (JV) between Abu Dhabi-based Masdar and Egypt’s Infinity. According to Masdar, the 6MWp plant will be able to generate up to 11,723MWh of energy per year – enough to power more than 5,000 homes, while cutting CO2 emissions by over 4,000t. It will continue to operate after the conference, providing clean energy to the city for years to come, Masdar explained.

“Masdar is fast developing as the partner of choice for many of Egypt’s most important clean energy projects, and I am proud that we are able to deliver clean energy to support COP27 through our Infinity Power platform. The United Arab Emirates and Egypt share a common commitment to expanding the supply of renewable energy and supporting sustainable economic growth,” said Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate Change and Chairman of Masdar.

In June 2022, ACWA Power signed a $1.15bn deal to develop one of the largest windfarms in the world in Egypt and, in August 2022, South Korea Hydro and Nuclear Power said it had won a $2.2bn contract from Russia’s Rosatom to build a nuclear plant in Egypt.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar continued, “COP27 represents a vital opportunity to turn positive words into impactful actions, so it is important that we do what we can to reduce its carbon footprint and showcase sustainable solutions to the world. This solar power plant will help deliver clean energy to the conference, and will also provide a legacy of sustainability for the people of Sharm El-Sheikh in future years.”

Infinity Power is a Principal Partner for COP27 and aims to develop renewable energy power projects, including solar and wind technologies on utility- and industrial-scales in Egypt and Africa. With current projects located across Egypt, South Africa, Senegal and Ghana, Infinity Power aims to eventually expand its operations across all 54 African countries, enabling electricity across all locations in Africa that are in most need of power, Masdar noted.

Mohamed Ismail Mansour, Chairman, Infinity Power stated, “We are delighted to be able to support COP27 in Egypt, by delivering clean, renewable energy-based solutions to power the event. We will continue providing sustainable energy solutions to Sharm El-Sheikh for years to come through our solar plant, providing clean power to a city with an important role in Egyptian diplomacy and international relations.”

In early November 2022, JLL published a whitepaper that outlined ways to decarbonise Egypt’s built environment.

Nayer Fouad, CEO, Infinity Power remarked, “The solar power plant will not only contribute towards powering COP27 but will also provide sustainable energy, making an invaluable contribution towards Sharm El-Sheikh’s growing infrastructure. We look forward to delivering similar solutions to other cities in Egypt and across Africa, as we move forward in our journey to provide sustainable energy solutions to the entire continent.”

Masdar said that it is targeting a portfolio capacity of 100GW by 2030, with ambitions to double that in following years. In December 2021, the UAE government announced Abu Dhabi energy majors TAQA, ADNOC, and Mubadala will join forces as shareholders in Masdar, creating a global clean energy powerhouse that will be a major force in renewables and green hydrogen.

Also in November 2022, Red Sea Wind Energy broke ground on a new 500MW wind farm in Egypt.

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Source: ME Construction News


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November 8, 2022 foasummit0

Bahrain will launch the tender for the construction of its metro project in the first quarter of 2023, a senior government official has said.

The pre-qualification tender for the transportation project was issued and closed in May this year. A total of 11 global infrastructure majors including France’s Alstom, Korea’s Hyundai Engineering and Indian construction conglomerate Larsen and Toubro (L&T), in addition to Chinese heavyweights Harbour Engineering and China Railway Group and Egyptian builder Orascom – had been prequalified for Phase One of the project, the ministry announced.

Other companies on the list include Plenary Asia (Singapore); Virtue Global Holding (UK) and CRRC (Hong Kong) Company. Two Bahrani utility groups – Aradous Energy Generation Company and Taqi Mohammed Albaharana Trading Establishment are also in contention.

In March 2021, Bahrain shared the initial details for the metro project and, in November 2021, it unveiled $30bn in strategic projects to boost its economic recovery.

Bahrain’s Ministry of Transportation and Telecommunication (MTT) has said that the winning developer/consortium will implement the project on a DBFOMT (Design, Build, Finance, Operate, Maintain, Transfer) basis, with a contract period of 35 years.

Bahrain Metro’s Phase One is being implemented in four phases, it comprises of two lines running for 29 kilometres and includes 20 stations.

The project is estimated to cost US $2bn and will provide residents and citizens with a fast, comfortable, reliable, sustainable and modern transportation system within the Kingdom. This will also help improve the standard of living, the ministry said.

In September 2022, Diyar Al Muharraq said it had completed secondary infrastructure works at Mozoon.

A team of top financial, technical, and legal advisors have been brought in for the project. This team will be led by KPMG as the lead transaction advisor, Egis as the technical advisor and DLA Piper as the legal advisor for procurement of this project on a PPP basis, it concluded.

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Source: ME Construction News


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November 8, 2022 foasummit0

Developer Red Sea Global (RSG) has appointed Reem Emirates Saudi to build the façade and roof shell of the Red Sea International (RSI) airport’s landside facilities.

According to RSG, who is developing The Red Sea and AMAALA projects, the airport is designed to include shaded areas and natural ventilation that minimises reliance on air conditioning. It will feature five mini-terminals, which allow areas to be closed during slower activity periods, curbing the need to air-condition all sections and waste energy.

“Red Sea International will set new standards in sustainable aviation, and the ongoing construction works are a critical part of building that legacy. This requires experienced partners who share our vision for doing things better,” said John Pagano, Group CEO of RSG.

Red Sea Global will be speaking at Big Project Middle East’s Construction Intel Summit – KSA, which will be held in Riyadh on 23 November at the Al Faisaliah Hotel. Registration is complementary but mandatory for construction professionals wishing to attend. Industry professionals interested in attending or participating in the event can visit: https://2022.constructionintelsummit.com for more information.

He continued, “Not only is the airport sustainably designed, but aesthetically it takes inspiration from the forms of the surrounding desert, the green oasis and the sea. The roof shell, which Reem Emirates Saudi will deliver, typifies this, with dune-like pods radiating out from the center, providing an arresting welcome as guests first arrive to The Red Sea from above.”

RSG noted that the entire airport will be run by renewable energy, in support of RSG’s ambition to usher in a carbon-neutral, Net Zero era for airport designs and operations.

Reem Emirates Saudi said it will adopt innovative, energy-efficient, and environmentally friendly solutions throughout the facade design, structural engineering, manufacturing, and installation, aligned with industry-leading Leadership in Energy and Environmental Design (LEED) certifications.

Eng. Naser Al Marzooqi, General Manager at Reem Emirates Saudi explained, “Our partnership with RSG marks the start of an exciting chapter in revolutionising airport offerings, while closely aligning with the strategic goals of Vision 2030. We are excited to bring our in-depth knowledge and local expertise to the project and hope to see such world-class standards of sustainable airports become more widespread throughout the region.”

RSI is billed as a uniquely regenerative airport, designed by international architecture firm Foster + Partners to provide an unforgettable aviation experience. The project is said to be on track to welcome its first passengers in 2023, with capabilities to serve an estimated one million domestic and international tourists per year by 2030 – at a peak of 900 travelers per hour.

In early October 2022, RSG announced that daa International will operate the airport in an agreement worth close to $266mn. Later in the month, RSG confirmed its new brand identity and mandate.

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Source: ME Construction News


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November 8, 2022 foasummit0

Mining specialist Epiroc has agreed to acquire Remote Control Technologies, an Australian company that provides automation and remote-control solutions to the global mining industry.

According to Epiroc the acquisition, which is expected to be completed later in the fourth quarter 2022, will help the company become a “world-leading automation solutions provider” for underground loading and haulage, as well as surface and underground rock drilling.

Remote Control Technologies (RCT) is headquartered in Perth, Australia, with customers in more than 70 countries. The company provides automation and remote-control solutions applicable for either a single machine or an entire mixed fleet of machines regardless of manufacturer or type of equipment. RCT also provides data and information systems, fleet and machine management systems, and machine protection systems.

In August 2022, Epiroc said that it had completed the acquisition of RNP México and, in September 2022, it announced it was acquiring mining equipment manufacturer, AARD.

“Automation is increasingly important for the mining industry to strengthen safety and productivity, and RCT’s advanced solutions complement Epiroc’s existing automation offering well. Together we will provide complete automation and remote-control solutions to support our customers on their journey towards optimal operations,” said Helena Hedblom, Epiroc’s President and CEO in a statement.

She added, “We are especially pleased that Bob Muirhead, RCT’s founder and a true pioneer within mining automation, will continue in an active management role. We look forward to welcoming the strong RCT team to Epiroc.”

In October 2022, the firm launched a new long-hole production drill rig for medium to large-sized drifts, designed to offer increased automation and drilling quality.

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Source: ME Construction News


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November 7, 2022 foasummit0

Raimondi Cranes has unveiled two new cranes, the T187 and T357, in addition to its new extended crane cab, the Raimondi Lumina X.

The T357, which was presented at Bauma 2022 as part of the Class 150 series, alongside the company’s other new products, has a 16t maximum lifting capacity, and is designed to offer significant hoist speed and tip load with a maximum radius of 77.5m and a maximum tip load of 2.67t in UltraLift.

The T187, part of the Class 110 series has a maximum capacity of 10t with a maximum jib length of 67.5m and a jib tip capacity of 1.6t.

In July 2022, the firm said it had deployed cranes for the construction of residential buildings in Aljada and, in October 2022, the firm unveiled its new brand and company vision.

Similar to the Class 110 series, the full range of Class 150 machines is designed and conceptualised as a whole set of cranes by prioritising modularity of mechanical and carpentry parts, as well as interchangeability of the jib elements. The new crane series’ name is drawn from the 1.5m wide jib section.

“We presented the T357 for Bauma, as it demonstrates the superior characteristics of the Class 150, the Raimondi’s new range of six flattop cranes. With a maximum lifting capacity ranging between 12t to 24t, this new class was designed with the Central & Northern Europe, American and Canadian markets in mind,” explained Cristian Badin, Commercial Director at Raimondi Cranes.

“The Raimondi T357 is aptly-suited for construction of medium-to-high infrastructural jobsites due to its maximum lifting speed of 152m per minute using a 75kW winch, and the drum capacity of 800m,” Badin added.

All of the Class 150 models can be equipped with Lumina X, Raimondi’s extended version of the newly-launched crane cabin. At 2.14m high, 2.28m long, and 1.50m wide, the Lumina is one of the largest cabins on the market today, the company said. It boasts several new benefits such as an integrated refrigerator, multiple drawers, coat hangers, a wireless phone charger station and Bluetooth audio system.

In October 2022, Wolffkran introduced high-performance fiber rope for tower cranes.

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Source: ME Construction News


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November 7, 2022 foasummit0

Construction work on the Kuwait International Airport is progressing well, with the project’s third package nearing the 76% completion mark, it has been announced. The third package includes the construction of a new control tower and runway, as well as the revamp and modernisation of a second runway.

According to a KUNA report, citing a top civil aviation official, significant headway has been made in the execution of the project, mainly the third package for the renovation of the airport. Saad Al Otaibi, the Directorate-General of Civil Aviation, added that the third package includes four main components, the first of which is the construction of a new control tower, and equipping it with the latest navigation systems and the second component is the construction of a runway.

Some 88% of work for building a new observation tower and installing state-of-the-art navigation equipment has been done, he stated, highlighting that the third component includes the reconstruction, modernisation and development of the eastern runway. The fourth is linked to infrastructure services for the southern region of the airport, he continued.

In November 2021, Kuwait’s DGCA announced a $8.2bn investment plant for its international airport and, in January 2022, the country announced plans for a new airport.

Al Otaibi added that work on the Kuwait airport has entered fast track for the re-construction and restoration of the eastern runway and services infrastructure in the facility southern section. He also said plans were afoot to appoint an international operator to upgrade the air aviation and train national cadres to run the vital facility.

“Tenders will be floated for selecting an international investor to operate T2 terminal,” he said, pointing to the successful experience regarding T4, which was inaugurated in 2018.

The tenders will be also designed to draw investors for managing and operating cargo and the terminal for private aircraft, he concluded.

In August 2022, Al Bateen Executive Airport said it was recommencing full operations.

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Source: ME Construction News