Issue : September 2005
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Calling all investorsSubscription
Like many cities on the African continent, Khartoum has suffered from its fair share of economic and demographic pressures over the years. War, drought and poverty have seen the capital's population more than double to 7 million over the last decade as people flock to the city to seek employment, food and refuge. Unsurprisingly, the city's ageing infrastructure has been unable to cope with the influx. Today less than half of its residents have access to safe drinking water, sanitation ...
Saudi Arabian exhibitors were out in force at Cityscape, the region's biggest real estate exhibition, held in Dubai in mid-September. Leading local developers were in attendance, as were a large number of visitors looking for new ideas for future developments in the kingdom. 'Events such as Cityscape have shown what Saudi Arabia should aim for when planning projects,' says Hisham Malaika, general manager of architectural and engineering firm Dar al-Riyadh.
INVESTMENT: Sunny prospectsSubscription
As India's expanding economy looks outward, Iran has come to offer a strong investment destination. The advantages of cheap energy, a well-educated local workforce and geographical proximity are numerous. Added to these is a long-standing ambition to open a new north-south trade corridor through Iran, connecting South Asia to Europe - sometimes called 'the new silk road'.
Joining the clubSubscription
Amid attempts by the US and Europe to bring Iran before the UN Security Council over its nuclear programme, India's position has become critical. Not only is it a major power with a seat on the governing board of the International Atomic Energy Agency (IAEA), but it is also a leading member of the non-aligned movement (NAM), whose members represent a powerful bloc both in that body and at the UN.
Raft of projects announced for Business BaySubscription
Work on a raft of new projects within the Dubai Properties(DP)Business Bay development is set to move ahead after developers announced a series of projects at the Cityscape exhibition held in Dubai on 17-19 September. The new projects include:
Tabreed to cool campusSubscription
Abu Dhabi-based Mubadala Development Company has appointed the local National Central Cooling Company (Tabreed)to provide district cooling services for the new 290,000-square-metre UAE University campus at Maqam in Al-Ain. Tabreed will invest about AED 100 million ($27 million) in the project. The other firms invited to submit proposals were Majutek/Emirates District Cooling Company and Palm District Cooling,both local. Mubadala is developing ...
Workers demonstrate for unpaid wagesSubscription
Several hundred site workers from Abu Dhabi-based Al-Hamed Development & Constructionbrought Dubai's Sheikh Zayed road to a standstill on 19 September as part of a demonstration demanding unpaid wages. Some 5,000 workers claim to have not been paid since May. The Labour & Social Affairs Ministry initially instructed Al-Hamed to pay all unpaid salaries immediately, but later allowed the contractor to pay salaries for May and June by the end of September and salaries for August ...
Bids submitted for quay packageSubscription
Bids have been submitted for a 2.5-kilometre-long quay wall package at Arabian Bay. Bidders include the local/UK Dutco Balfour Beattyand the local/Belgian Bel Hasa Six Construct. UK-based Halcrowis the consultant. Australia's PTW Architectsand US-based Parsons Internationalprepared the masterplan for the development, which will be located next to Al-Jaddaf shipyard, opposite the Dubai Festival City site on the creek. The project ...
Bids in for industrial zoneSubscription
TheHigher Corporation for Specialised Economic Zones (HCSEZ)has received bids from at least three local contractors for the estimated $110 million infrastructure works contract on the phase 1 extension of Abu Dhabi Industrial City. The bidders include Bin Hafeez General Contracting & Transport Establishment, Al-Geemi & Partners Contracting and Ghantout Transporting & General Contracting.The contract includes construction of 25 kilometres of internal ...
Scott Wilson picked for port infrastructureSubscription
The UK's Scott Wilsonhas announced that it has been appointed design and supervision consultant for the infrastructure works on the phase 1 expansion of the Jebel Ali container terminal. Dubai Ports, Customs & Free Zone Corporation awarded in August the quay wall package on the stage 1 project to South Korea's Hyundai Engineering & Construction Company. It is also close to placing the dredging and reclamation contract. The consultant on the dredging and reclamation ...