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October 24, 2025 foasummit0

Gulf Cryo and RAK Ceramics have inaugurated the UAE’s first Carbon Capture and Utilisation (CCU) plant, which is dedicated to producing high-purity CO₂. This initiative is said to align with the UAE’s Net Zero 2050 initiative.

The new plant, owned and operated by Gulf Cryo, captures CO2 from RAK Ceramics’ emissions and transforms it into a valuable product used by various industries across the nation, including food and beverage, healthcare, agriculture, and energy. This project reflects the shared commitment of both companies to advancing industrial sustainability in the UAE and forms a crucial component of RAK Ceramics’ strategic decarbonisation roadmap, said a statement.

Inaugurated by Saqr bin Saud Al Qasimi, Chairman of RAK Ceramics, alongside Sami Huneidi, Chief Administrative Officer of Gulf Cryo, and senior executives from both companies, the carbon capture facility is said to be the first in the UAE that is dedicated to producing 99.99% pure, food-grade CO2 for the merchant market.

Capturing approximately 17,000 metric tons of CO₂ annually from RAK Ceramics’ natural-gas engines, the process is complex due to the low CO₂ concentration in the emissions. Gulf Cryo has successfully integrated an energy-efficient purification process that converts emissions into clean, liquefied CO₂. The company then distributes this CO₂ to local industries.

Previously, Gulf Cryo imported recovered CO₂ from its carbon recovery facilities in Kuwait and Saudi Arabia. The new plant strengthens the UAE’s circular carbon economy and contributes to Ras Al Khaimah’s Integrated Sustainability Strategy 2050, said a statement.

“At Gulf Cryo, we are committed to driving the carbon economy, continuously expanding our capacities to provide a reliable source of CO₂ for both existing markets and emerging technologies that rely on it as a key resource. We extend our deep appreciation to RAK Ceramics for being an integral partner in the decarbonisation journey and for demonstrating clear leadership in driving private-sector sustainability,” said Huneidi.

Abdallah Massaad, Group CEO of RAK Ceramics added,At RAK Ceramics, sustainability is at the heart of our growth strategy. Our partnership with Gulf Cryo marks a significant step forward in our journey towards decarbonisation and resource efficiency. By embracing innovative solutions that reduce our environmental footprint, we continue to drive positive change across our operations and contribute to the UAE’s Net Zero 2050 vision.”

The facility supports both the UAE Net Zero 2050 target and Ras Al Khaimah’s Integrated Sustainability Strategy 2050, underscoring how private sector innovation and collaboration can reduce emissions directly at the source, while building sustainable, locally integrated CO₂ supply chains to serve the UAE’s growing industries, the statement concluded.

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Source: ME Construction News


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October 24, 2025 foasummit0

Symbolic Developments, the real estate division of Speedex Group, has announced the launch of Symbolic Altus in Liwan. This new residential development embodies the concept of elevated living, showcasing Symbolic’s dedication to crafting designed, family-friendly communities, architecture, modern functionality, and wellness-focused spaces.

This project will feature 108 furnished apartments, including one-bedroom Elite and 2.5-bedroom Panorama configurations. Symbolic Altus is said to redefine low-density luxury through its design-led approach and offers a neighborhood experience. The project is scheduled for handover in Q3 2027.

Symbolic Altus is the developer’s second project in the Liwan community. Following the success of Symbolic Alpha, which experienced over 30% appreciation in a short period, the project boasts elevated rental yields compared to nearby developments. Its location between Sheikh Mohammed Bin Zayed Road and Al Ain Road provides citywide connectivity, said a statement from the developer.

“Symbolic Altus is truly ‘Designed to Rise’, not just in its architecture, but in the lifestyle it offers,” said Murtaza Moiz, Vice Chairman of Symbolic Developments. “This project re-imagines boutique, family-focused living, with wellness and leisure spaces elevated to the rooftop, forming a crowned horizon that defines its character. Every element from the integrated greenery to the refined interiors and functional layouts has been purposefully designed to embody our commitment to excellence, integrity, and the legacy of quality that the Speedex Group has proudly upheld for over 35 years.”

Every residence at Symbolic Altus is fully furnished and features a modern closed-kitchen, private balconies adorned with greenery, and high-quality finishes throughout. The project’s architectural form ensures both elevation and privacy, while the rooftop amenities including an infinity pool, dedicated pools for adults and children, a gym, steam room, sauna, jacuzzi, and elegant seating areas offer residents a resort-style leisure experience complemented by stunning skyline views, the developer outlined.

It added that the residential project provides easy access to Academic City and Downtown Dubai. Just steps from the building, residents can enjoy a soccer field, basketball court, and a dedicated children’s play area, perfect for an active outdoor lifestyle across all age groups. Surrounded by landscaped parks, jogging and cycling tracks, and vibrant open spaces, Symbolic Altus is said to offer the perfect blend of urban accessibility and peaceful, community-oriented living.

With Symbolic Altus, Symbolic Developments continues to strengthen its position as one of Dubai’s most promising boutique developers building design-led, low density communities that emphasise family living, and sustainable comfort across the city’s evolving residential landscape, the statement concluded.

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Source: ME Construction News


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October 24, 2025 foasummit0

Farnek has appointed Salome Joubert as its new Head of Soft Services. Reporting directly to Managing Director Julian Khalil, Joubert will oversee strategic planning, quality control, and sustainable innovation.

In her new role, Joubert will oversee the delivery and performance of Farnek’s Soft Services Division. Her primary responsibilities include ensuring operational excellence, maintaining high service quality, and promoting sustainability. Additionally, she will lead process improvements, vendor management, and team development across multiple sites.

“Salome is a seasoned hospitality and soft services leader with over 15 years of experience managing large-scale operations across the UAE and internationally. She has successfully led the opening of multiple five-star hotel properties and major entertainment venues,” said Julian Khalil, Managing Director of Farnek.

“She is a hands-on leader that has successfully employed cost optimisation strategies and is committed to international standards of excellence. She will be an integral part of our senior management team, and I am looking forward to working closely with her,” added Khalil

Joubert commented: “Farnek has an enviable reputation in the UAE FM market. The company invests heavily in training, sustainability, innovation, and technology, which are the key elements that support a more cost-efficient and sustainable operation. I am delighted to have joined such a progressive and forward-thinking organisation.”

Joubert, a South African national, commenced her career in 1997 as a Housekeeper with Hilton Hotels. After nine successful years, she joined Accor as a Complex Executive Housekeeper. In 2013, she was appointed Cluster Executive Housekeeper for Damac in Dubai. Subsequently, she spent the last seven years working as Senior Manager of Soft and Support Services for Enova, a UAE-based integrated energy and multi-technical services company.

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Source: ME Construction News


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October 23, 2025 foasummit0

District cooling company Tabreed has appointed Arqaam Securities, a regional financial institution as its liquidity provider for its shares listed on Dubai Financial Market (DFM). The move is part of Tabreed’s ongoing efforts to enhance the trading dynamics of its shares by improving liquidity and creating a more accessible market for investors.

Under the terms of a 12 month agreement, Arqaam Securities will commence liquidity provisioning for Tabreed shares by entering two-way quotes into the market trading system. These quotes will adhere to specific parameters and comply with regulations and controls set by DFM and the UAE Securities and Commodities Authority (SCA).

This mechanism aims to narrow the bid-ask spread, reduce volatility, and instill investor confidence. All necessary approvals have been obtained, and the service is scheduled to commence on 22 October 2025. During the period, Arqaam Securities’ ownership of Tabreed shares will never exceed 5% of the total outstanding shares, said a statement.

Tabreed currently has a free float of 18.1% and is fully open to foreign investment. Mubadala and ENGIE are its two shareholders. Tabreed’s appointment of a licensed liquidity provider underscores its commitment to providing a smoother trading experience for investors and a more stable and liquid market environment.

Tabreed’s Chief Executive Officer, Khalid Al Marzooqi said, “This appointment is first and foremost about our shareholders. With Arqaam as our Liquidity Provider on DFM, we aim to enhance access to Tabreed’s shares, giving investors greater flexibility in dynamic markets and reinforcing our focus on sustainable, long-term value creation.”

Veselin Tilev, Head of Market Making at Arqaam added, “We are delighted to offer our Liquidity Provision services on the Dubai Financial Market to Tabreed, reinforcing our commitment to enhancing market depth and trading efficiency in the UAE. With our proven track record and deep understanding of local market dynamics, we are confident that Arqaam will contribute meaningfully to improving liquidity and facilitating active, orderly trading in Tabreed’s shares on the DFM.”

In the first half of 2025, Tabreed said it experienced steady growth driven by increased cooling demand and record capacity additions that boosted total connected capacity to 1.37m RT. Since then, the company has completed two significant transactions, expanding its connected capacity to approximately 1.55m RT.

These transactions have accelerated Tabreed’s expansion, including the acquisition of PAL Cooling alongside CVC DIF and the securing of a long-term Palm Jebel Ali district cooling concession in partnership with Dubai Holding Investments. These transactions have enhanced the company’s platform and reinforced concession-backed cash flows and long-term earnings visibility.

Following this, Tabreed’s shareholders approved its first-ever interim dividend of 6.5fils per share on 15 September 2025. This dividend amounted to US $50.36mn for the first half of 2025. The approval reflects the confidence in company’s momentum and its commitment to delivering sustainable returns to shareholders, the statement concluded.

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Source: ME Construction News


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October 23, 2025 foasummit0

Developer Sobha Realty has announced the launch of Sobha AquaCrest, the second residential cluster within its Downtown UAQ | Sobha Realty masterplan. This US $20bn coastal destination aims to redefine the urban and architectural landscape of Umm Al Quwain.

Downtown UAQ | Sobha Realty will boast 25m sqft million sqft, making it one of the most ambitious coastal masterplans in the northern emirates, featuring 7km of uninterrupted beachfront and a total coastline of 11km. Upon completion, it will accommodate over 150,000 residents and offer a blend of luxury residences, marinas, retail boulevards, offices, hospitality, and leisure zones, all designed to elevate beachfront living through sustainable urban design and timeless craftsmanship, said a statement.

Sobha AquaCrest, a five tower cluster comprising one-, two-, and three-bedroom apartments and duplexes, is set for handover in June 2029. Each residence will incorporate advanced sustainability features, such as double-glazed façades for superior heat and sound insulation, energy-efficient HVAC systems, district cooling for reduced power consumption, EV charging stations, and the use of eco-friendly materials that contribute to a healthier living environment, the developer said.

Francis Alfred, Managing Director of Sobha Realty said, “Downtown UAQ | Sobha Realty is envisioned as a new urban landmark; a vibrant, self-contained city that seamlessly integrates modern design, sustainability, and coastal beauty. Sobha AquaCrest marks the next chapter in this vision, bringing together architectural excellence and beachfront serenity to create a truly distinctive community.”

Over half of the masterplan is dedicated to open and green spaces, which will create a blend of nature and modernity. Landscaped parks, jogging tracks, and beach promenades will be integrated throughout the community, promoting active and connected lifestyles. The masterplan also envisions itself as a next-generation mobility hub, with future provisions for air and water taxis, ensuring and sustainable connectivity across the emirate, the developer said.

The wider community will be enriched with a diverse array of cultural, wellness, and leisure experiences, from an Art and Design District and a Museum and Marine Experience Centre to a Wellness Park, multiple marinas, a public beach, a retail and dining promenade, and an open-air amphitheater. All these elements will infuse Umm Al Quwain’s coastline with vibrancy and life, fostering a deep connection with its natural environment, Sobha Realty added.

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Source: ME Construction News


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October 23, 2025 foasummit0

SharpMinds Consulting Engineers has said it has successfully completed the comprehensive redesign and fit-out of the Abu Dhabi Stem Cells Center (ADSCC). The facility is said to be a pioneering medical research institution and was first launched in 2018.

Spanning more than 2,200sqm, the project transforms both the exterior façade and key interior spaces, reflecting ADSCC’s role as a hub of advanced stem cell research and medical innovation, said a statement from SharpMinds.

The building’s renewed exterior presents a striking architectural identity, characterised by clean lines, contemporary materials, and strategic lighting. Inside, the reception has been updated to reflect the brand identity for staff and distinguished visitors alike, intuitive wayfinding and updated corridors ensure seamless movement between labs, and welcoming waiting and meeting areas enhance comfort for all, the firm explained.

Dedicated collaboration zones foster knowledge sharing and interdisciplinary interaction among staff. Guided by SharpMinds’ design philosophy and execution, the transformation harmoniously balances functionality, aesthetics, and user well-being, it added.

“We were committed to design a future-proof space that not only meets the rigorous demands of advanced medical research, but also embodies the values of innovation and human well-being. The redesign of ADSCC demonstrates how architecture can actively support scientific progress by shaping environments that empower people and elevate performance,” commented Amir H. Greiss, Founder and CEO of SharpMinds.

Beyond architectural design, SharpMinds said that it provided authority approval management and construction supervision, ensuring compliance with safety standards, design adherence and minimal disruption to the centre’s critical research operations.

Dr. Yendry Ventura, CEO of ADSCC added, “The redesigned interiors and exterior now truly reflect the advanced work taking place within the centre and the expertise of our international team. We are extremely pleased with SharpMinds’ design collaboration and execution of our vision, which has transformed the facility into a space that mirrors our cutting-edge research. The new environments are modern, comfortable, and forward-thinking—perfectly befitting our role as a world-renowned advance institution in stem cell science.”

In addition, SharpMinds said that it integrated medical-grade antimicrobial materials, flexible support areas that are adaptable to evolving workflows, biophilic elements that connect occupants with nature, abundant natural light, and acoustic solutions to ensure privacy and reduce disruption. These features are said to position the ADSCC as a benchmark for healthcare and research facility design in the region.

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Source: ME Construction News


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October 23, 2025 foasummit0

Developer Alef Group has announced the launch of Phase 2 within its US $680mn Olfah Development project. The forest-designed walkable buildings community aims to redefine contemporary living in Sharjah. By integrating design, lifestyle amenities, and sustainable urban planning, the developer said that it is enabling residents to live within one of the largest community parks in the emirate.

Following the successful launch of Phase 1, the addition of Phase 2 reinforces Alef Group’s vision. The new phase introduces more inventory of three bedroom apartments, catering to the growing demand for residential spaces. However, it maintains the project’s delicate balance between urban comfort and natural serenity, said a statement from the developer.

Nestled in New Sharjah, Olfah is designed as a sustainable neighborhood that blends residential, retail, and leisure spaces. The launch of Phase 2 signifies the next chapter in Alef Group’s mission to shape future-ready communities that enhance Sharjah’s reputation as one of the UAE’s dynamic real estate destinations.

The development will boast an expansion of green landscaping beside its outdoor pool, enhancing the overall ambiance and creating a visual connection between built spaces and natural surroundings. Olfah is designed around the concept of nature at its largest, featuring expansive green spaces that foster an inviting and serene atmosphere. The green areas will offer views of landscaped areas from most apartments, establishing an engaging living environment that promotes well-being and a deep connection with nature, the developer said.

Raed Kajoor Al Nuaimi, CEO of Alef Group said, “The launch of the second phase of buildings at Olfah marks another important milestone in Alef Group’s journey to redefine modern living in Sharjah. This expansion reflects our strategic vision to create vibrant, sustainable communities that elevate the quality of life for residents while supporting the emirate’s long-term urban development goals.”

“We aspire to continue to demonstrate our commitment to innovation, design excellence and responsible growth, ensuring that Alef remains at the forefront of Sharjah’s evolving real estate sector and a trusted partner in shaping its future,” Al Nuaimi added.

Phase 2 of Olfah boasts designed one-, two- and three-bedroom apartments that prioritise light, space, and comfort. Each residence features modern interiors, custom-designed kitchens, full-height wardrobes, and premium finishes, catering to the lifestyle aspirations of today’s residents. With floor-to-ceiling windows, large balconies, and expansive layouts, over 75% of apartments offer direct views of landscaped parks, swimming pools, and the surrounding urban skyline.

Centrally located, Olfah provides residents with easy access to Sharjah’s key lifestyle and educational hubs. The development is situated minutes from University City, nine minutes from Zahia City Centre, and 15 minutes from Sharjah International Airport. Olfah’s proximity to healthcare facilities, retail destinations, and transport routes makes it an address for professionals, families, and investors alike, the statement concluded.

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Source: ME Construction News


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October 22, 2025 foasummit0

Royal Development Holding and its joint venture partner and luxury real estate developer, SAAS Properties, have formally appointed Swiss Pro Foundations as the contractor responsible for executing the piling and enabling works for the Seamont Autograph Collection Residences in Abu Dhabi.

This appointment is said to be a significant milestone in the progress of the waterfront development located on the Al Reem Island. The scope of work includes shoring installation, deep excavation, and piling – critical activities that will support the vertical construction of one of the most anticipated residential projects in the UAE capital. Mobilisation commenced on 6 October 2025, and completion is expected by April 2026, said a statement.

Tariq Nazzal, General Manager of Royal Harbour the joint venture established by Royal Development Holding and SAAS Properties said, “The Seamont development is a testament to our unwavering commitment to architectural integrity, engineering excellence, and timely delivery.”

“The appointment of Swiss Pro Foundations reflects our strategic approach to execution, where each partner is selected not merely for technical capability, but for a shared vision of quality, reliability, and distinction. At Royal Development Holding & SAAS Properties, our projects are not just built they are curated to embody the principles of enduring design, meticulous craftsmanship, and elevated living,” he added.

Following the sell-out of Phase One, Royal Development Holding and SAAS Properties have unveiled Phase Two, offering a limited collection of 216 designed residences. This release includes a mix of one- to three-bedroom apartments and three- to four-bedroom duplexes, each conceived to capture the essence of the Seamont lifestyle.

Located in close proximity to Abu Dhabi’s cultural and financial landmarks including Al Maryah Island, The Louvre Abu Dhabi, and Saadiyat Beach Club, Seamont offers connectivity to the broader capital and is a short drive from Abu Dhabi International Airport.  The development will comprise 497 residential units each offering views of the Arabian Gulf and Saadiyat Island’s skyline, the statement concluded.

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Source: ME Construction News


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October 22, 2025 foasummit0

Tissoli has unveiled its flagship residential project, Palazzo Tissoli. The signature development has been designed and branded by Italian design house Pininfarina and will take shape on Al Marjan Island, marking Pininfarina’s inaugural architectural venture in Ras Al Khaimah.

Palazzo Tissoli embodies a fusion of Italian heritage and Arabian Gulf living, situated along Al Marjan Island’s most coveted stretch, this residential landmark offers a range of furnished studios, in addition to one- and two-bedroom apartments. The duplex corner units provide views of the coastline, the firm said.

Pininfarina’s inaugural architectural project in the emirate is said to draw inspiration from the natural mosaic of dunes, mangroves, and sea waves, framed by the angular drama of the Hajar Mountains. With over 1,950 projects spanning continents and diverse categories, Pininfarina rests on a singular principle: design must not only be visually appealing but also perform exceptionally well, the statement explained.

Abdulla Al Abdouli, CEO of Marjan said, “Palazzo Tissoli marks a significant milestone in the evolution of Al Marjan Island. It reflects our commitment to curating destinations where visionary design and strategic master planning converge to create lasting value. By introducing a development of this caliber, we are not only elevating the island’s urban landscape but also reinforcing Ras Al Khaimah’s position as a world-class destination for investment, tourism, and quality living. This project exemplifies the forward-thinking approach shaping the emirate’s sustainable growth and global appeal.”

Fabio Calorio, Senior Vice President of Pininfarina added, “We are delighted to partner with Tissoli on this landmark project. For more than 95 years, Pininfarina has pursued the perfect balance between beauty and performance, a philosophy that has shaped icons across architecture, mobility, and works of art. Palazzo Tissoli represents the opportunity to bring this heritage to the vibrant emirate of Ras Al Khaimah for the very first time.”

“Its prime location, meticulous attention to detail, and seamless integration with nature reflect our ongoing commitment to curating exceptional living experiences,” added Giovanni De Niederhäusern, Pininfarina’s Senior Vice President of Architecture & Product Design. “This project exemplifies our dedication to serving a refined community that identifies with Pininfarina’s values and vision, and chooses to live in spaces that embody our design philosophy.”

Pooja Rathore, COO of Tissoli added, “At Tissoli, we aim to develop masterpieces that celebrate life through curated experiences. Palazzo Tissoli is our answer to the question: what happens when you give Italian design masters a canvas on the Arabian Gulf? The result is a development where every amenity, every blueprint design, every material tells a story. With its range of experiential amenities, global design, and aesthetics, this project is sure to attract global attention as well as investor trust.”

Residents will have access to a 24-hour Café, a Skyline Lounge, Casa del Sigaro, Serenity Spa, Vitality Studio, and Yoga Studio, Cinema Palazzo, Kids’ Splash Park and children’s play area. Residents can enjoy lagoon pools surrounded by greenery, a running track, elevated micro-gardens, co-working and retail spaces, rooftop infinity pool overlooking the Arabian Gulf, the statement outlined.

As Ras Al Khaimah continues its transformation from a hidden gem to a strategic hub for real estate, Palazzo Tissoli stands as a testament to the development that is now taking root in the region. A collaborative effort between the place, its purpose, the designer, and the destination, it concluded.

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Source: ME Construction News


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October 22, 2025 foasummit0

Developer Palma Development said that Serenia Living, its ultra-premium beachfront development, has reached a milestone. Currently valued at over $1.63bn, the project’s construction is now 94% complete. This achievement signifies a significant step towards the final delivery of one of Dubai’s anticipated projects, further emphasising Palma’s commitment to timely project completion, said a statement from the developer.

Serenia Living boasts a unique design, featuring 226 exclusive residences. These include two-, three-, and four-bedroom apartments, full floor and half floor penthouses, and one of Dubai’s most exclusive Sky Mansions. The project offers a range of amenities, including one of the largest residential swimming pools in the city, a gym with a dedicated personal training area, multiple indoor and outdoor children’s play areas, and direct beach access, the statement added.

Omar Derbas, Executive Director, Development and Engineering at Palma Development said, “Serenia Living is progressing smoothly and remains firmly on track for final completion on schedule. With its ultra-prime location, refined amenities, and Palma’s dedication to timely delivery, Serenia Living is poised to become a landmark of luxury on Palm Jumeirah.”

“Every detail is being meticulously executed to uphold Palma’s signature standard of craftsmanship and design excellence. As we move into the final phase of construction, anticipation continues to build among our discerning clientele, who will soon experience the ultimate beachfront living,” he added.

Construction is said to have reached its final phase, with all major interiors, facades, and podium structures completed. The remaining works, including finishing, comprehensive landscaping, and all external areas, are nearing completion. Over the next three months, the project will concentrate on final inspections and minor adjustments to guarantee a smooth handover.

Upon handover, residents will also have exclusive access to a padel court, nestled amidst greenery and conveniently located from all four towers. This court is designed to elevate the community’s lifestyle, offering a new dimension of recreation and wellness to everyday life, the developer said.

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Source: ME Construction News