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Saudi tourism and travel firms explore new business opportunities via regional exhibitions

April 2014 in News by edster

Bin Mahfouz: “We will feature our properties across the Kingdom in a bid to attract new leads”

The Saudi tourism market is witnessing rapid development and growth. This is evident, among others, in the increasing number of regional and international tourism exhibitions that provide an ideal platform for companies to attract prospective leads. For one, many Saudi firms come to Dubai, UAE yearly to participate at the Arabian Travel Market (ATM). Elaf Group, one of the reputed companies specializing in travel, tourism and hospitality, will join again in this year’s ATM to capitalize on the event’s reach and popularity to further extend its network and generate new business opportunities. Read the rest of this entry »

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Crystal Lagoons taps into booming Middle East tourism and real estate market

April 2014 in News by edster

Unveiling eight mega projects in the Middle East will add to regional portfolio as large scale project developers look to low maintenance, high impact crystalline lagoons for added value leisure experiences

Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons, is boosting the profile of its growing portfolio of Middle East projects with eight new developments being added and the operational launch of an initial phase at its Meydan mega lagoons project Read the rest of this entry »

Saudi Arabia’s Western Region lures billions

April 2014 in News by edster

Prince Sultan Cultural Center and Bawabat Makkah are top projects featured at Cityscape Jeddah

The Kingdom’s Western Region is experiencing an unprecedented real estate boom, with billions of Riyals earmarked for mega projects. Among the most important are the SR 15 billion, mixed-use Prince Sultan Cultural Center north of Jeddah and Bawabat Makkah, a visionary city planned for 86 square kilometers just west of the Holy City of Makkah. Read the rest of this entry »

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Altaaqa Global Opens East Africa Office

April 2014 in News by edster

The new Nairobi office will serve as a hub for Altaaqa Global’s sales and operations in the East Africa region

Dubai-based Altaaqa Global CAT Rental Power, a global provider of temporary power solutions, has recently opened a branch in Nairobi, Kenya to serve the East Africa territory. The office will cater to several countries, including Tanzania, Rwanda, Burundi, Uganda, Kenya, Somalia, Ethiopia, Sudan, South Sudan, Djibouti and Eritrea. Read the rest of this entry »

Projects market boom lifts business in high-growth Middle East construction markets

April 2014 in News by edster

With more than $40bn worth of new contracts awarded in the six-nation GCC alone in the first quarter, the projects markets of the Middle East are set to enjoy record-breaking year in 2014.

So far, among the high profile projects that have been awarded include the $12bn Kuwait National Petroleum Company’s Clean Fuels Project; Qatar’s Ashgal has so far awarded over $3bn worth of projects for the Expressway and LRDP schemes; Abu Dhabi’s Musanada has awarded over $1bn worth of contracts for the Mafraq-Ghuweifat Road Development project; Qrail has awarded $700mn worth of contract for the Elevated Section of the Doha Metro’s Red Line South project; and Al Reem Island in the UAE has awarded the main contract with a value of $705mn. Read the rest of this entry »

GE and Saudi Aramco launch global innovation challenge to find renewable energy solutions for seawater desalination

April 2014 in News by edster

GE ecomagination and Aramco Entrepreneurship, today launched an open global technology challenge to accelerate the development of solutions focused on improving energy efficiency of seawater desalination. The US$200,000 challenge will be awarded to four winners at a prize of US$50,000 each, and further investments towards commercialization of the best ideas amongst all submissions will be considered. Read the rest of this entry »

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Bright economic growth prospects for the UAE and Saudi Arabia

April 2014 in News by edster

According to the latest Macro report from Crédit Agricole Private Banking

  • Q1 2014 ended with bright economic growth prospects for the UAE and Saudi Arabia
  • Arab countries in the Middle East are in the mode of two-speed economies again
  • PMI data indicate moderate inflationary pressures for the UAE and Saudi Arabi Read the rest of this entry »
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Salem AlMoosa Evokes Touching Memories of a Yesteryear Era

April 2014 in News by edster

Audiences embark on a journey to Old Dubai with chairman of Falconcity of Wonders

The Falconcity of Wonders – Dubai’s premier real estate ongoing mega project that will feature the Wonders of the World, was received with great acclamation, as chairman H.E. Salem Al Moosa took to the stage along with experts from the fields of art, architecture, film, literature, history and theatre at the Global Art Forum 2014, Art Dubai’s programme of live talks, presentations and commissioned projects. The Global Art Forum took place at Mina A’Salam, Madinat Jumeirah. Read the rest of this entry »

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Dammam’s Al Nada project completes construction phase of infrastructure works

April 2014 in News by edster

Injaz reveals opening of on-site local sales centre for upcoming sales campaign

Injaz Development Company, a leading real estate development and management company, has announced the completion of the construction phase of key infrastructure works for the Al Nada project in Dammam. Read the rest of this entry »

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Electricity demand in Saudi Arabia posts eight per cent average annual growth rate

April 2014 in News by edster

Saudi Energy 2014 to showcase latest products &services in power sector

Recent industry reports have revealed that power consumption in Saudi Arabia continues to grow at a steady rate. Over the last decade, the Kingdom witnessed an average annual increase of eight per cent in electricity demand, with the number of subscribers significantly rising by an average of 5.2 per cent. The demand in the housing sector particularly remains strong, with the sector consuming 50 per cent of the Kingdom’s total electricity production. Industrial electricity consumption, meantime, grew by an average of 6.9 per cent. Read the rest of this entry »