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March 27, 2025 mebim0

The Big Project Middle East (BPME) editorial team has confirmed that its inaugural Future of Engineering Summit (FOE Summit) will take place in Dubai on 28 May. A venue is yet to be confirmed, however the editorial team pointed out that an announcement on the location will be forthcoming post-Eid.

The BPME team said that conversations have begun with a variety of developers, consultants, contractors and government agencies, and speakers will be announced in the build up to the event. Registration is complementary but mandatory for construction professionals.

The one-day event will bring focus on several key themes including: the development and engineering of floating cities/settlements; façade- and structural-engineering, and rehabilitating concrete structures.

As part of the focus on façade- and structural-engineering, the BPME team said the agenda will delve into areas such as acoustic intrusion and extrusion; managing heat absorption and heat loss; resisting environmental influences and extreme weather; the rise of AI driven tools to enhance structural integrity; seismic resilience and load optimisation and much more.

“Key hubs across the Middle East are developing at pace and are announcing projects the push the boundaries of construction and engineering. Bringing these developments to life in line with client- and government-requirements calls for innovative thinking and cutting edge engineering practices, and we’ll be shining a light on a variety of these issues with a packed agenda in late May 2025,” confirmed Jason Saundalkar, Head of Content at Big Project Middle East.

The Future of Engineering Summit is being sponsored by:

Strategic Partner: ALEC Engineering & Contracting, KEO International Consultants

To discuss joining the FOE Summit as a speaker, get in touch with Jason Saundalkar on jason.s@cpitrademedia or Priyanka Rain on priyanka.raina@cpitrademedia.com. For sponsorship inquiries, reach out to Raz Islam or Arif Bari on raz.islam@cpitrademedia.com and arif.bari@cpitrademedia.com respectively.

To learn more about the FOE Summit, click here.

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Source: MEConstructionNews


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March 27, 2025 mebim0

Microsoft has reaffirmed its commitment to its ambitious US $3.3bn development project in Mount Pleasant, Wisconsin, despite a recent recess in the construction timeline. The firm said that it still intends to meet its goal of completing the investment by 2026; plans were first unveiled for the project in May 2024.

The site, originally occupied by Taiwanese electronics manufacturer Foxconn, has been transformed into a major development hub. Microsoft said it was granted permission to develop up to 1,000ac of land at the site, and the company owns approximately 1,900ac in total in the area. The project’s construction kicked off shortly after the announcement, with US-based Walsch Construction serving as the general contractor.

Despite the temporary pause in activity, Microsoft remains optimistic about the long-term prospects of the site, which is expected to play a pivotal role in the company’s growing infrastructure. The development is poised to create thousands of jobs and is expected to significantly boost the local economy, contributing to the expansion of both the tech industry and the surrounding community.

The project’s long-term impact remains a point of interest, as it could serve as a key player in the evolution of the region’s tech landscape. With Microsoft’s continued investment in the area, the Mount Pleasant site is set to become a cornerstone of the company’s broader efforts to build a cutting-edge infrastructure to support its global operations, said a report.

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Source: MEConstructionNews


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March 27, 2025 mebim0

Azizi Developments has said that 80% of the released units at Azizi Ruby in Jumeirah Village Circle (JVC) have been sold-out. The project offers studio, one-, two- and three-bedroom homes complemented by amenities such as a clubhouse, cinema, swimming pools, a gym, and children’s play areas.

Of the 20 nationalities that have acquired units, Emiratis are said to account for the the largest demographic share at 9%. Investors from Western and European countries such as the United Kingdom, United States, Italy, and Portugal comprise 29%, while those from South Asian nations, notably India and Pakistan, make up 27%. Buyers from the GCC and MENA region, including the Kingdom of Saudi Arabia, Egypt, and Lebanon, represent 15%, reflecting Azizi Ruby’s regional and international investors, said the statement.

Farhad Azizi, Group CEO of the Azizi group of companies said, “We are pleased with Azizi Ruby’s strong uptake, with 80% of the released units having sold so swiftly, within just months of its launch. This reflects the growing demand for ideally situated, thoughtfully designed homes and the trust our investors and end users continue to place in us. Ruby exemplifies our commitment to creating integrated, lifestyle-oriented communities in key growth corridors, such as Jumeirah Village Circle. We now look forward to completing the construction in a timely and quality-prioritising manner.”

Azizi Ruby, a contemporary, nature-inspired residential tower in  JVC, was designed to balance tranquility with modern convenience. It offers connectivity to Dubai’s business, entertainment, and retail hubs, all while being surrounded by greenery and over 30 landscaped parks. Benefiting from its proximity to highways, and easy access to destinations like Dubai Marina, Internet City, and Media City, Azizi Ruby offers urban comforts, convenience, and nature, the statement concluded.

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Source: MEConstructionNews


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March 25, 2025 mebim0

Corinthia Group, trading as IHI plc, announced its recently formed partnership with Action Real Estate Company of Kuwait has acquired two boutique hotel properties totalling 100 keys in Beverly Hills, California. The acquisition of the neighbouring Maison and Mosaic Hotels by the Action Corinthia joint venture, in which IHI plc owns a minority stake, is part of a broader strategy for the Beverly Hills market.

The Corinthia Group’s primary focus is on high-end real estate projects and operations. Last December, the group announced a strategic partnership with Kuwaiti-based Action Real Estate Company to explore investment opportunities in luxury hotels and real estate at prime locations across the Americas and beyond.

Simon Naudi, Corinthia Group CEO said, “This is an important step forward for Corinthia. Beverly Hills is one of the world’s foremost hospitality destinations and we are determined to add value and create luxury products and services to the benefit of the local community and our Corinthia brand’s global positioning.”

Action Real Estate Company Chairman Sheikh Mubarak A. M. Al Sabah said, “We are thrilled to announce our entry into the prestigious Beverly Hills market, marking a significant milestone in our strategic partnership with Corinthia. As a company with a strong track record in global real estate and hospitality investments, this transaction represents an exciting new chapter for us. With decades of experience in markets around the world, including Europe, the Middle East, and Asia Pacific, we are now expanding into the United States, which remains a key market for future growth and innovation.”

The hotels will be operated in the immediate term by a specialist Los Angeles operator Palisociety under current branding arrangements, under the supervision of Corinthia’s development arm Corinthia Real Estate Ventures (C-REV) and its Managing Partners Marcus Pisani and Alex Chazkel. C-REV will also handle asset management and explore opportunities for future value creation.

Corinthia marked its entrance into North America as a hotel operator with the opening of The Surrey, A Corinthia Hotel in New York, which has been transformed into a signature property featuring 100 guestrooms and suites and 14 private residences, bringing a new design and luxury experience to the Upper East Side of Manhattan.

The group said it also recently completed the redevelopment of Brussels’ historic Grand Hotel Astoria, following a rebuild and restoration of the landmark property and announced plans to operate a landmark 102-storey hotel and residential project under development in Dubai.

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Source: MEConstructionNews


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March 25, 2025 mebim0

Tanmiah Food Company has announced a partnership with Emerge, a distributed solar, battery storage, off-grid solar and hybrid solutions for commercial and industrial clients, a joint venture between Masdar and the EDF Group.

As part of this collaboration, Emerge will develop a three megawatt-peak (MWp) solar power plant at Tanmiah’s facility in Haradh, reinforcing its commitment to sustainability and supporting the Kingdom’s clean energy objectives. The agreement was signed at the Ministry of Environment, Water, and Agriculture by Zulfiqar Hamadani, Group CEO of Tanmiah Food Company, and Michel Abi Saab, General Manager of Emerge, a statement outlined.
Under the agreement, Emerge will provide a full turnkey solution for Tanmiah, including finance, design, procurement, construction, operations, and maintenance of the installation for 25 years. The solar power plant will provide 35% of the electricity required to run the agriculture processing facility, avoiding more than 3,850t of CO₂ annually. This is equivalent to more than 800 households’ electricity usage for a year, the firm explained.
Zulfiqar Hamadani, Group CEO Tanmiah commented, “At Tanmiah, sustainability is at the heart of our business strategy. The signing of this project with Emerge marks a significant milestone in our journey towards a more sustainable future. By investing in renewable energy, we are not only reducing our carbon footprint but also taking a crucial step toward our broader sustainability ambitions. By scaling these successes, we’re redefining what’s possible and inspiring meaningful change across the company and the sector aligned with Vision 2030 targets related to renewable energy.”
Michel Abi Saab, Emerge General Manager added, “Saudi Arabia’s agriculture sector is on the right track to transform its energy supply. At Emerge, we are committed to supporting the ecosystem and businesses such as Tanmiah, which are ready to adopt more sustainable and environmentally friendly operations. Tanmiah’s sustainability ambitions are industry-leading and powering this production facility with solar will play a key role in achieving these objectives. We are excited to support their energy transformation through our full turnkey solution with no upfront costs. This approach facilitates smooth and easy installation for our customers in commercial and industrial industries across the region.”
Sustainability is embedded in Tanmiah’s operations, with the company’s vision to become the global halal sustainable healthy protein company by 2030. This renewable energy partnership with Emerge will support the company in making this vision a reality. The solar power agreement with Tanmiah underpins Emerge’s ambitions to help the agricultural sector adopt clean energy sources at no upfront cost. This is the second project for Emerge supporting the decarbonisation of agricultural operations in the GCC, the statement concluded.

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Source: MEConstructionNews


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March 25, 2025 mebim0

Developer The Luxe Developers said it has experienced an increase in interest for its latest development, La Mazzoni, due to the growing global demand for real estate with health and well-being amenities.

As the UAE continues to attract ultra-high-net-worth individuals (UHNWIs), the demand for premium residential properties has also witnessed growth. Recent reports have highlighted a shift in buyer preferences towards homes that promote well-being, privacy and sustainability.

According to research from Transparency Market Research, the global wellness real estate market where developers prioritise lifestyle, health, and environmental sustainability stood at US $438.3bn in 2023 and is expected to grow at annual growth rate (CAGR) of 14.8% between 2024 and 2034, and will quadruple in size to $2tn by 2034. The growth highlights the shift in consumer preferences toward living and working environments that are focused on health, well-being and sustainability.

Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers commented, “La Mazzoni offers a compelling proposition: a state-of-the-art luxury residence incorporating a modern design and holistic lifestyle. We have seen a shift in demand from investors who are increasingly looking for a more balanced lifestyle, with wellness-integrated residences now becoming a prerequisite for many. La Mazzoni was designed in direct response to this. By aligning a luxury living experience with well-being, we offer our clients a value proposition beyond traditional real estate investments.”

Taking inspiration from Ras Al Khaimah, themes relating to nature, sand, sea, and the mountainous landscape will be recognisable from the property’s exterior. Features at La Mazzoni will include wellness facilities, health programs, and biophilic designs. An indoor play area for children, outdoor and adventure park will also be provided.

Siddharta Banerji, Managing Director and Co-owner added, “The Luxe Developers has always been at the forefront of anticipating market trends and addressing the evolving needs of niche investors seeking a work-life balance. La Mazzoni reflects this philosophy by integrating health-focused amenities, sustainability, and exclusivity into its design. It is a prime example of how we aim to deliver long-term value for residents and investors. As the luxury real estate market evolves, developments that combine wellness, sustainability, and exclusivity are becoming increasingly valuable. La Mazzoni exemplifies this trend, offering a unique opportunity for investors seeking premium real estate in one of the UAE’s most dynamic regions.”

Residents will have access to indoor and outdoor gym, yoga studios, walking and jogging tracks, paddle courts, rooftop infinity pools, spa equipped with saunas, hammams, and therapy rooms. In addition to outdoor exercise facilities the development will also include water oases.

La Mazzoni will incorporate co-working spaces within the open-air outdoor areas, designed to inspire creativity and productivity. Two dedicated lounges, Sky Lounge and Connoisseur’s Corner, will provide additional meeting and working areas within the two-tower development, a library to undertake work in a quiet environment, the developer explained.

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Source: MEConstructionNews


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March 24, 2025 mebim0

GE Vernova and Saudi Electricity Company (SEC) have successfully completed the first gas turbine outage; the works were planned and executed by GE Vernova’s Saudi engineers and specialists.

The project at SEC’s eighth power plant in Riyadh is said to highlight both companies’ commitment to fostering local talent and promoting localisation within Saudi Arabia’s energy sector, in alignment with Saudi Vision 2030.

This achievement comes just months after GE Vernova, in the presence of HRH Prince Abdulaziz bin Salman, Minister of Energy, celebrated the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam, the firm said in a statement.

Engineer Abdulaziz Saeed Al-Shumaila, Head of Power Generation Operations in the Central Region, Saudi Electricity Company said, “We are committed to providing reliable and stable power supply for the Kingdom. GE Vernova’s Saudi-led outage at the eighth power plant marks a new era in the Saudi power sector, underscoring our commitment to driving innovation and developing local talent. Through our strategic collaboration with GE Vernova, we aim to empower more Saudi engineers and specialists to assume advanced leadership and technical roles within the Kingdom’s robust energy ecosystem. This collaboration will also contribute to local skills development initiatives, supporting the achievement of Vision 2030 goals.”

The maintenance, led by GE Vernova’s Gas Power One Field Services team in collaboration with SEC’s teams, was crucial for ensuring the reliability and efficiency of the power generation assets. It required meticulous planning and execution, demonstrating the culmination of a decade of comprehensive training, certifications, accreditations, practical experience, and professional development for Saudi talent, the firm said.

Male and female Saudi engineers and specialists at the eighth power plant prioritised rigorous safety protocols and successfully completed the project on schedule, supported by GE Vernova’s Live Outage platform. This digital tool enhances field execution through standardized procedures, streamlined tasks and safety best practices, it added.

Hisham Al Bahkali, President of GE Vernova, Saudi Arabia noted, “Our successful maintenance project at Riyadh’s eighth power plant showcases the Kingdom’s local talent in driving a more sustainable energy future, directly supporting Vision 2030. This achievement demonstrates Saudi engineers’ capabilities in managing complex energy projects. Our ongoing collaboration with SEC will further advance the Kingdom’s energy transformation and cultivate national competencies.”

He added, “This accomplishment caps a remarkable year for GE Vernova in Saudi Arabia, notably the rollout of the first H-Class gas turbine at the GESAT facility. This advanced turbine is set to power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP), highlighting our commitment to supporting national strategies, including Vision 2030.”

The eighth power plant in Riyadh is a strategic facility that plays a crucial role in addressing the growing electricity demands of the capital. With a production capacity exceeding 1,700MW, it significantly enhances the stability of the electrical grid in Riyadh and its surrounding areas. The plant comprises several blocks, one of which is equipped with four of GE Vernova’s 7F gas turbines, collectively capable of producing close to 500MW.

GE Vernova’s power plant outage services team brings extensive experience in optimising power plant performance through expert maintenance, repairs, and upgrades. This Saudi-led initiative marks a pivotal step in enhancing plant efficiency and the long-term reliability of power units, the firm said.

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Source: MEConstructionNews


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March 24, 2025 mebim0

Abu Dhabi Future Energy Company (Masdar) has deployed close to US $8bn in equity investments in the global clean energy sector and secured more than $4.49bn of project financing across nine countries.

The accomplishments are said to reflect Masdar’s commitment to expanding its renewable energy portfolio, while driving the global energy transformation. Since its establishment in 2006, Masdar has been an enabler of the UAE’s vision as a global leader in sustainability and climate action.

The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030. Masdar contributes to accelerating development and supporting the UAE’s ambition to become the world’s largest developer, owner, and operator of renewable energy and green hydrogen.

The firm aids countries globally in achieving their climate neutrality plans, and is committed to increasing its project portfolio’s production capacity to 51GW by the end of 2024. Masdar’s growth was advanced by landmark acquisitions in Greece, Spain and the United States, strengthening the company’s presence in Europe and North America, as well as breaking ground on seven major projects worldwide, said a statement from the firm.

The projects included two BESS projects in the UK, two solar projects in Azerbaijan with a combined capacity of 760MW, and the 1.5GW Al Ajban Solar Project in the UAE. Additionally, Masdar announced the financial close of six projects, including the 1.1GW Al Henakiyah Solar Power Plant and multi-utility Amaala sustainable project in the Kingdom of Saudi Arabia, as well as 760MW solar projects Bilasuvar and Neftchala in Azerbaijan.

Masdar also said that it signed a power purchase agreement in December 2024 for the 2GW Sadawi project in Saudi Arabia, and inaugurated the 500MW Zarafshan Wind Farm in Uzbekistan, now the largest operation in Central Asia.

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Source: MEConstructionNews


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March 24, 2025 mebim0

Ras Al Khaimah’s (RAK) real estate market is poised for substantial growth and price appreciation in the coming years, driven by a surge in demand and a housing shortage, according to Metropolitan Premium Properties (MPP), a full-service real estate agency and a subsidiary of the Metropolitan Group. Despite the launch of new projects on Marjan Island, the market is projected to experience a significant shortage of homes by the time the Wynn Gaming resort structure is completed in late 2025, said MPP.

According to MPP, new projects are expected this year but the current delivery timeline creates a gap. The number of new units expected to be delivered in RAK this year remains relatively low. In 2024, only 318 units were delivered in Marina Residence at Al Hamra and 89 in Marbela 2. In 2025, two projects in Mina are promising, but demand will likely exceed supply.

Maxim Novikov, Head of RAK branch, Metropolitan Premium Properties said, “Even with new projects underway on Marjan Island, RAK will face a shortage of available homes. Demand is expected to continue to outpace supply, making it an exciting market to watch in the near future. There has been strong demand, particularly for waterfront and beachfront properties in RAK, with many new developments selling out quickly. Several projects are selling out during their launch phase or even before they are officially announced. We are witnessing exceptionally strong demand, particularly for beachfront properties.”

The shortage of ready units has resulted in off-plan property prices increasing on average 15-20% in 2024, and this is expected to continue this year as well. The highest demand is for studios and one-bedroom units in waterfront projects near the Wynn Resort.

“Properties close to the Wynn Resort are seeing significant interest, especially smaller studio and one-bedroom units. At the same time, there is a noticeable demand for commercial, retail spaces, as well as villas and townhouses in prime waterfront locations. However, the supply of these types of properties remains limited. The real estate market in RAK is set for dynamic growth and entering an exciting phase. Investors and home-buyers alike should be prepared for rising prices and increased competition for the limited available properties,” added Novikov.

Several key factors are expected to drive demand for real estate in RAK over the next few years. The population of the emirate is projected to nearly double, reaching 650,000 residents by 2030. Additionally, the rapid progress of the Wynn Resort construction is fueling excitement and interest in the area.

Ras Al Khaimah’s Economic Zone (RAKEZ) is also attracting entrepreneurs from around the world, boosting demand for both residential and commercial properties. RAKEZ achieved record growth in 2024, welcoming 13,141 new companies, which represents a 66% increase in registrations compared to 2023. Also, the emirate’s approach to cryptocurrency trading and blockchain technology is another factor contributing to its appeal, said the statement from MPP.

While Marjan Island continues to garner considerable attention, other regions in Ras Al Khaimah are also poised for substantial growth, as per the Ministry of Planning and Public Works (MPP). Areas like Mina, Al Hamra, and RAK Central are anticipated to witness substantial development, presenting lucrative opportunities for real estate investors.

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Source: MEConstructionNews


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March 24, 2025 mebim0

Qatari Diar Real Estate Investment Company has launched waterfront townhouses at The Seef in Downtown Lusail, located in Lusail’s waterfront district. The luxury residences offer sea views and “exceptional lifestyle” for both investors and residents.

The Seef provides freehold ownership and residency making it a viable option for foreign investors, with mortgage financing options available through local banks, along with direct payment plans offering 0% interest from Qatari Diar—spanning up to six years for apartments and four years for townhouses.

The project is said to represent a blend of modern design and integrated services that meet the aspirations of investors seeking quality. The ready-to-move-in townhouses offer contemporary living, sea views of the Qetaifan Islands and the skyline of Lusail City. Lusail is known for its infrastructure and designs, a place that combines smart and sustainable living in urban areas offering a residential experience that blends luxury and innovation, said a statement.

Additionally, the project features a range of amenities, including sky bridge swimming pools, a fitness club, children’s playgrounds, squash courts, beach access, and peaceful walking paths.

The project’s location offers access to public transportation, shopping centres, healthcare facilities, and educational institutions in Lusail. It is also close to key attractions in Qatar and Lusail, such as Meryal Waterpark, Lusail Marina, and Place Vendôme Mall, all said to be minutes away from some of the most modern destinations in Qatar.

The Seef exemplifies Qatari Diar’s commitment to sustainability, incorporating energy-efficient infrastructure and green landscaping to meet sustainability standards. Architectural and engineering innovations, such as sky bridges with swimming pools connecting the towers, set The Seef apart from other residential developments, the developer noted.

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Source: MEConstructionNews