GCC set to pump $320bn into power projects
RENEWABLE ENERGY BIG FOCUS
The total value of GCC power projects in the pipeline stands at more than $320 billion at present, of which over $100 billion are linked to the renewable and alternative sources, according to a report.
Bahrain awards $7m project tenders in January
Bahrain has awarded a total of six tenders worth BD2.7 million ($7.1 million) in January besides inviting bids for tenders for projects related to roads, sanitary work and construction sectors, said a top official.
Fujairah opens new 33/11 Kv power station
The UAE authorities have launched a Dh29.7 million 33/11 kilovolt power station at Fujairah to ease the load off another three stations in the emirate to ensure sustained flow and efficiency of energy, said a report.
Investcorp acquires $400m US residential properties
Bahrain-based Investcorp, a leading provider and manager of alternative investment products, said its US-based real estate arm has acquired multifamily housing properties in the cities of New York, California, and Nevada for $400 million.
Dubai Future Academy launches training programme
The Dubai Future Academy has launched its first training programme – the Future Design Diploma – for high-ranking executives including heads of departments, executive directors and decision makers, at the world’s first 3D-printed office.
Bahrain on fast track with $8.1bn projects
Bahrain is making rapid progress on significant projects with a total worth of more than $8.1 billion, said a senior government official.
Dubai residential property prices down 3.72pc in January
Residential property prices in Dubai's rental market fell by 3.72 per cent year-on-year in January due to a sharp drop in both apartment and villa prices compared to the same period last year, said a report.
Dewa’s Smart Centre gets good response
Dubai Electricity and Water Authority’s (Dewa) said its Smart Centre has achieved remarkable results with growth in smart adoption surging from 64 per cent in 2015 to 70 per cent last year.
Abu Dhabi sees big demand for affordable lodging
The demand for affordable lodging is now fiercer than ever, say industry experts, as Abu Dhabi sets its sights on welcoming 7.9 million annual tourists to the region by 2030.
RTA completes Phase I of smart parking project
Roads and Transport Authority (RTA) has completed the initial phase of the smart parking project covering controlled parking at Al Rigga and the World Trade Centre areas at the Sheikh Zayed Road in Dubai, UAE.
Damac launches investor relations app
Damac Properties, a luxury real estate developer in the UAE, has launched a new application that provides convenience and real time share performance and related information for its investors.
Siemon publishes guide on PoE lighting apps
Siemon, a leading global network infrastructure specialist, has published a new zone cabling and coverage area planning guide on the Power over Ethernet (PoE) lighting applications for the benefit of infrastructure designers.