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October 25, 2021 hssummit0

Dubai Autodrome, the multi-purpose motorsport and entertainment facility, has announced the completion of its $4.49 million Business Park Phase 2 project, which includes seven warehouse units, each of which measures 4,844 square feet.

Spanning over a total area of 65,000 square feet, the expansion project of the already existing 12-unit phase 1 project will help bolster Dubai Autodrome’s position as a premier motorsport and motoring venue in the Middle East, a statement said.

Faisal Al Sahlawi, General Manager, Dubai Autodrome, said: “Dubai Autodrome, along with Union Properties, has successfully created a new motoring hub for various communities to use as their business home. Over the past years, the Autodrome has evolved into a base that caters to the various needs of the automotive and motorsport community.

The statement added that Business Park phase 2 features all the required amenities to help business owners run smooth and uninterrupted operations. These include round-the-clock security, 24/7 maintenance, and waste management services in compliance with Dubai Autodrome’s sustainability goals.

It highlighted that the Park is distinguished by its strategic location and proximity to the racetrack, which makes it an ideal environment for all entities within the automotive sector.

Bert Grogor, Senior Commercial Manager, Dubai Autodrome, said: “The completion of phase 2 has helped consolidate our position as the Motorsport and Motoring hub of the United Arab Emirates. With phase 2 already fully occupied, it proves that Motor City is fast becoming the favourite hub in Dubai among residents and business owners alike.”

He added that following the success of the first two phases, Dubai Autodrome Business Park phase 3 is already in its planning stages and will incorporate modular type of units to meet the needs and expectations of customers.

The Business Park expansion project will enhance business-to-business relations within the community and help drive further national and international commerce activities to Dubai, the statement concluded.

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Source: ME Construction News


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October 25, 2021 hssummit0

Mohammed Bin Rashid Al Maktoum City – District One, part of the Meydan master development in Dubai, has awarded a raft of contracts for the construction of 25 waterfront residential buildings with a total of 1,464 apartments, it has been announced.

The contracts, which also cover infrastructure works for upcoming projects at District One, have been awarded to Transemirates Contracting, Bhatia General Contracting Co, M/s Binladin Contracting Group and Parkway International Contracting for the work, with incentives schemes in place for early completion, a statement said.

The contractors will mobilise immediately, with infrastructure works due for completion in 12 months and construction of the 25 mid- and low-rise apartment buildings scheduled to finish within 14 to 24 months, depending on their size and current construction status, it added.

Part of the Meydan master development at the heart of Dubai, Mohammed Bin Rashed Al Maktoum City – District One spans 45 million square feet and is currently home to nearly 1,500 people.  Its star attraction is the seven-kilometre Crystal Lagoon, the world’s largest manmade lagoon, which provides waterfront living and beachfront amenities for all residents.

District One’s master plan includes more than 900 luxury mansions and villas and 30 residential buildings.

Strategically located along Al Khail Road, 15 minutes from Dubai International Airport and close to many of the city’s key attractions, District One is close to a host of high-end hospitality and leisure amenities, including The Meydan Hotel and its world-renowned horseracing course, golf course and tennis centre.

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Source: ME Construction News


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October 25, 2021 hssummit0

Saudi Arabia has announced a $186.6 billion investment in developing a green economy and said that it is spearheading a region-wide initiative to combat climate change and reduce carbon emissions.

In an announcement on October 23, Saudi Arabia’s Crown Prince, Deputy Prime Minister and Supreme Committee for Green Saudi Arabia chairman HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud said that the Kingdom will plant 450 million trees and rehabilitate 8 million hectares of degraded lands by 2030 as part of the first set of Saudi Green Initiative (SGI) strategies.

As part of the Kingdom’s first ever SGI, Prince Mohammed also unveiled a regional road map to protect the environment. He noted that Saudi Arabia has already launched initiatives in the energy sector to reduce carbon emissions by 278 million tonnes annually by 2030 – more than double the targeted emissions reduction.

This is in line with the country’s plan to reach Net Zero carbon impact by 2060, while preserving its role in the security and stability of global energy markets.

During the inaugural Saudi Green Initiatives (SGI) forum, Prince Salman said the initiative is based on the Kingdom’s role in confronting shared international issues, its belief in the need for collaborative efforts to confront climate change and the necessity of the green transformation to deliver social and economic prosperity to the Kingdom.

The Crown Prince added that the Kingdom’s ambition to reach net zero emissions aligns with its economic diversification and development plans and the ‘Dynamic Baseline’ for emissions reduction.

He stated, “The Saudi Green Initiative will provide huge investment opportunities for the private sector, quality job opportunities for the next generation of leaders in the Kingdom and enhanced international relationships that will have a positive impact on the region and the world.”

In his opening remarks at the forum, the Crown Prince announced a diverse set of initiatives as a roadmap to protect the environment and address climate change challenges, while achieving SGI’s ambitious targets. He added that the first wave of initiatives that will deliver against the targets under the Saudi Green Initiative include programmes that aim to achieve more than 278 Mtpa carbon emissions reduction by 2030 – this is said to be more than double the emissions reduction target set at the announcement of the Saudi Green Initiative earlier this year.

The Kingdom said it will also join the Global Methane Pledge to contribute to cutting global methane emissions by 30% by 2030, as part of its commitment to deliver a cleaner, greener future.

In addition, the Crown Prince said the Kingdom plan to plant 450 million trees and rehabilitate eight million hectares of degraded lands will lead to a reduction of 200 million tons of carbon emissions with additional initiatives to be announced in the future. The transformation of Riyadh into one of the world’s most sustainable cities is already underway, with an extensive set of sustainability solutions.

He went on to state that an increasing area of land is being designated for protection in the coming years, to achieve the first 20% of the goal to protect over 30% of the Kingdom’s total land area, with initiatives to deliver the final 10% to be announced at a later stage.

The transition to net zero carbon emissions will be delivered in a manner that preserves the Kingdom’s leading role in enhancing the security and stability of global energy markets, particularly considering the maturity and availability of technologies necessary to manage and reduce emissions, he explained.

To further amplify its protection of terrestrial, marine and coastal environments, the Crown Prince announced that Saudi Arabia is joining the Global Ocean Alliance, establishing the Ocean Exploration Foundation and announcing a number of initiatives – including a Global Center for Tourism Sustainability.

The tree planting and land rehabilitation programmes come on the heels of Bahrain’s nationwide campaign to plant more than 50,000 trees and shrubs, which will be launched in phases by the National Initiative for Agricultural Development (NIAD).

The campaign, ‘Forever Green’, will be held under the patronage of Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, wife of His Majesty King Hamad and NIAD Consultative Council president.

It aims to support the country’s strategies to sustain the development of the agricultural sector, expand the green area and highlight the aesthetic features of the kingdom.

“The trees and shrubs will be planted in the four governorates on an area covering more than 70,000sqm and more than 21,000 linear metres during the first stage that runs until March 2022,” a statement from NIAD said.

Special Envoy for Climate Affairs and Supreme Council for the Environment chief executive Dr Mohammed Bin Daina welcomed the Saudi initiatives which, he said, reflect awareness of the importance of tackling the climate changes and promote urban sustainability.

The two forums will lead up to the UN Climate Change Conference COP26, due to start at the end of the month.

Saudi Arabia also intends to join the Global Oceans Alliance, the Alliance to Eliminate Plastic Wastes in Oceans and Beaches and the Sports for Climate Action Agreement, in addition to establishing a global centre for sustainable tourism, and a non-profit foundation to explore the seas and oceans.

The move has received global praise. Britain’s Prince Charles, in recorded remarks at the environment event in Saudi Arabia yesterday, said there was a ‘dangerously narrow window’ to accelerate climate change action.

Citing experts, he said the UN Climate Change Conference COP26 must have nationally determined contributions. The Prince of Wales said the Saudi Green Initiative and a wider Middle East Green Initiative, which Riyadh will host, would help ‘accelerate’ the great progress already made.

Riyadh will host a wider Middle East Green Initiative, which, together with the Saudi Green Initiative, will include the plantation of 50 billion trees in the region, the protection of marine and coastal environments and the generation of 50 percent of Saudi Arabia’s energy from renewable sources.

Leaders from all around the world are expected to take part in the Middle East Green Initiative, including an American delegation led by the US climate envoy John Kerry and Pakistani Prime Minister Imran Khan.

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Source: ME Construction News


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October 25, 2021 hssummit0

Luxury residential and hospitality property developer Seven Tides has announced key appointments made to its senior management team to spearhead corporate strategy, as the UAE economy continues to grow steadily, after the effects of the pandemic.

In a statement, the developer said that Darryl Hutchison, Marc Ferreira and Fady Hamad, will assume responsibility for sales, finance and operations respectively.

“It was important that we not only strengthened our overall management team but provided experienced figureheads to plan and direct strategy in these key areas. We are facing the ‘new normal’, with transparency, social conscience, sustainability and technology shaping the way in which we operate,” said Abdulla bin Sulayem, CEO, Seven Tides.

Initially, Hutchison joined Seven Tides last year as head of sales and despite the social restrictions as well as the economic uncertainty that prevailed during the Covid outbreak, he still managed to drive sales for Seven Tides’ Golf Views & Seven Palm projects, worth over US$152 million in 2020.

The multi-award-winning Hutchison who has more than 13 years’ experience in business development will now have added executive responsibility, in addition to managing a team of 23 employees, covering sales, sales support and CRM.

With over a decade of experience, Marc Ferreira was recently appointed as head of finance for Seven Tides, taking responsibility for the financial accuracy and reporting of sales, leasing, Owners’ Association and Dubai Heights Academy.

South African national Ferreira was previously commercial manager after being promoted from financial manager for a large organisation from the Durban Metropolitan Area in South Africa, having started his career as an auditor at international accounting and consulting firm Grant Thornton in Johannesburg.

Fady Hamad, has been promoted to head of construction and development – engineering and will oversee all of Seven Tides’ projects. Having joined Seven Tides in 2015, Hamad along with his team, manage all of the company’s contractors and suppliers for multi-million-dollar projects on the Palm Jumeirah and Jumeirah Lakes Towers (JLT).

Hamad is also responsible for the maintenance division, which manages over 50 properties across a diverse portfolio which includes villas, apartments and warehouses, as well as heading-up Seven Tides Owners Association.

“Darryl, Marc and Fady, are leaders with proven track records and are welcome additions to our executive team,” said Abdulla bin Sulayem.

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Source: ME Construction News


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October 25, 2021 hssummit0

A new online tool from global plant and machinery auction leader Ritchie Bros is helping equipment owners and managers make more informed decisions on buying and selling their assets.

The tool, called Asset Valuator in its current beta version, has a database of millions of items previously sold through Ritchie Bros., which it utilises to help users make a price estimation of their machinery.

Describing the new online tool, a statement from Ritchie Bros. said: “A 20t excavator with 8,000 hours on the clock, the eight-year-old skid-steer loader you’re looking to sell, or that truck tractor you’ll need to replace soon. How much would they sell for in today’s market? With productivity at unprecedented highs in the industry and long lead times on new equipment, it’s a challenging time for many businesses to make calculated decisions to buy or sell machinery. Ritchie Bros. Asset Valuator (beta), a new tool from Ritchie Bros. Asset Solutions, is lending equipment owners and managers a helping hand.”

The company added that the free online tool pulls historical data from various sources: Ritchie Bros. auctions, IronPlanet, Marketplace-E and Mascus. Using millions of previously sold items, the algorithm calculates average prices and estimates the value of a prospective seller’s equipment.

After logging onto Ritchie Bros. Asset Valuator, users can search the database by brand, model, age, hours, mileage and more. For a more granular level of detail, customised searches can be made by region, country and sales channel, and users can compare current prices with those dating back up to two years – prior to pandemic pricing changes. There is also a useful currency converter to calculate market values in other currencies.

Johan Lustig, Ritchie Bros. product manager, Business Intelligence and Valuation Services, explained: “What makes this tool unique, is that users have instant access to millions of previously sold items from the world’s largest auction company and Europe’s largest machinery listing site. The algorithm provides a good price estimation that can be used when making decisions to buy or sell equipment.”

Ritchie Bros. added that utilisation and appetite to buy machinery has continued to be strong throughout 2021. A market survey conducted among construction businesses by the auctioneer earlier this year showed that 72% of the respondents expected to add machinery to their fleet in 2021. More than 90% indicated they expected older machines would need to be replaced. Price levels of construction machinery at Ritchie Bros. online auctions and marketplaces have soared 10-15% above last year’s averages, said the company in its statement, adding that its “no surprise that equipment owners and managers are looking to adjust their fleets and need data and tools to help guide their decision making”.

According to Ritchie Bros., the Asset Valuator tool is merely “the tip of the iceberg” in its Inventory Management System (IMS). Ritchie Bros. Asset Solutions is the company’s web-based, mobile friendly software tool that empowers equipment owners to upload and track their own assets with real-time market valuations and easily arrange disposition through multiple channels.

 

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Source: ME Construction News


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October 25, 2021 hssummit0

With the return of live exhibitions and shows to the European event-scape, which have reassured participants with their preparations in terms of safety and hygiene, the construction equipment world is beginning to look forward to Bauma 2022 in Munich, say the organisers of the biggest trade fair in the world.

Messe Munchen, which organises the triennial trade fair, has recently held other events at the venue where Bauma takes place and has reported positive feedback from attendees and exhibitors. The first of these events was TrendSet in July, its pilot trade fair under Coronavirus conditions, followed by IAA Mobility in September.

According to Messe Munchen, both took place with an elaborate safety and hygiene concept, and the measures were “well received by everyone involved and show that it’s possible to hold trade fairs again even in what continue to be challenging times”.

A statement from Messe Munchen added that three exhibitors from Bauma 2022, which will be held in Munich from October 24 to 30, next year, were there and were able to see the conditions on site for themselves. Their conclusion: “We are looking forward to Bauma 2022 in Munich.”

Among the three Bauma exhibitors was Zeppelin Baumaschinen GmbH (Zeppelin), and Messe Munchen’s statement quoted Anke Hadwiger, head of Trade Fairs, Events & Training at Zeppelin, as saying: “After seeing the ‘new trade fair conditions after Coronavirus’ for myself in person on site during IAA, the hope and anticipation of having an almost normal Bauma 2022 are growing even more. The trade fair developed and implemented new and forward-looking concept ideas. We’re now preparing ourselves for the industry gathering with interesting inspiration, impressions and a positive mood.”

Messe Munchen also quoted Joachim Strobel, MD of Liebherr-EMtec, as saying: “The pandemic showed us lots of potential for alternative communication and collaboration, but at the same time also confirmed the huge importance of personal contact and dialog with the customer, partners and business associates.”

Marco Maschke, manager, German Office European Distribution Management at Komatsu, told the Bauma organisers: “For Komatsu, Bauma was, is and remains the leading trade fair for our industry worldwide. Our customers and sales partners tell us time and again just how important direct contact with the manufacturer is in our industry — at the proper distance, of course. In that respect, the hygiene concept shown at IAA Mobility convinced me that Bauma will be a very safe and, as always, very successful event.”

According to Messe Munchen, as an international industry gathering, Bauma offers a comprehensive overview of market leaders and innovations. At the upcoming edition, “the focus will also once again be on a wide variety of future topics in the construction, building materials and mining machinery industries in live presentations, rounds of discussions and lectures”.

The trend topics for Bauma 2022 are “The road to zero emissions”, “Digital construction site”, “Construction methods and materials of tomorrow”, “The road to autonomous machines” and “Mining — sustainable, efficient, reliable”, said the organiser.

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Source: ME Construction News


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October 25, 2021 hssummit0

The main contractor for the multi-purpose fishing port in Duqm has handed over the facility to the Special Economic Zone at Duqm (SEZAD). SEZAD then handed over the port to a consortium led by the companies of the Oman Investment Authority (OIA), represented by the Oman Fisheries Development Company (FDO) and Oman Food Investment Company. The consortium also includes the French Lorient Port Company.

According to a statement, the new fishing port is the largest in Oman. It is 10m deep and consists of two breakwaters that are 3.3km long, along with a 1.3km fixed berth and six other floating berths. In addition, there is land designated for tourism purposes associated with the port, which is connected with the Fisheries Industries Zone and other projects in the Special Economic Zone at Duqm via a road network.

Yahya bin Khamis Al Zadjali, in charge of managing operations of the Special Economic Zone at Duqm, said that the consortium is now responsible for developing the superstructure works and managing operations at the port.

He concluded, “The multi-purpose fishing port has high potential to serve a number of sectors, including fisheries, fruits and vegetables, livestock, and tourism. The port brings additional yards that can be used for tourism purposes and containers handling food activities, and it can attract the wooden ships supplying foodstuff. Further, the port is characterised by its ability to host commercial fishing activities.”

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Source: ME Construction News


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October 24, 2021 hssummit0

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the Hatta Master Development Plan, which is said to form an integral part of the Dubai 2040 Urban Master Plan.

According to a statement, the Dubai 2040 masterplan was launched earlier this year to create a roadmap for enhancing infrastructure and implementing a series of development projects and initiatives across the emirate over the next 20 years. It also aims to transform Hatta into an attractive local and international destination for business, investment and tourism.

“Today, we announce the launch of the Hatta Master Development Plan with an ambitious portfolio of development projects that will serve the needs of Hatta and its residents. The initiatives cover four key strategic pillars: Wellbeing, Tourism, Sports & Activities, and Sustainability. We have approved the formation of a Supreme Committee to oversee the development of Hatta, as well as the implementation and governance of projects and initiatives, the launch of economic and tourism development programmes and support for projects initiated by the youth,” said Sheikh Mohammed.

It will be implemented as part of a five-year development plan in the initial stage, he noted.

The Hatta Master Development Plan maps out the development of the area over the next two decades and aims to promote wellbeing, generate investment opportunities for its people, support domestic tourism, attract investments, and boost public-private partnerships (PPP).

The plan’s key objectives include conserving the heritage and natural environment of the area, encouraging mountain tourism and sport, and transforming Hatta into a year-round tourist destination in line with the World’s Coolest Winter campaign.

The plan includes development of a sustainable transportation system that includes a direct bus service from Dubai to Hatta that allows passengers to carry bicycles and scooters in a compartment on board. It also envisages the provision of ride-sharing service in cooperation with the private sector and deploying tourist coaches for accessing heritage sites such as Wadi Hub, Hatta Dam, Heritage Village and Al-Tal Park.

In addition, the masterplan includes a five-year plan (2022-2026) to construct tracks for bicycles and scooters in a 120km network, connecting key attractions and residential areas. It also includes the construction of the longest mountain bike track in the UAE featuring world-class specifications that will host international competitions and events. The track will have rest-stops and integrated service facilities along its route.

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Source: ME Construction News


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October 24, 2021 hssummit0

Acwa Power and Total Solar have become major bidders for four solar energy projects across Saudi Arabia, the country’s Ministry of Energy has announced. The four projects have a combined capacity of 1,200MW.

Announcing the shortlisted bidders, the Saudi energy ministry said the competition is the third round of the country’s National Renewable Energy Programme (NREP) and will allow bidding in two categories. The first category includes the 80MW Layla and the 120MW Wadi Al Dawasir solar projects, while the 300W Saad and the 700MW Ar Rass schemes will be offered in the other category.

Of the four solar PV projects that were announced, the Acwa Power consortium (comprising China’ SPIC (Huamghe Hydropower Development Company) and Saudi group WEHC (Water & Electricity Holding Company) has emerged as a major bidder for three of the projects – Layla, Wadi Al Dawasir and Ar Rass.

The Saudi ministry said that the RFPs were issued in April 2020 for Category A and B projects and noted that three bids were submitted for each project in the second quarter of 2021. Prior to shortlisting, all bids were evaluated to ensure compliance with the RFP’s technical and commercial criteria. The ministry of energy expects to reach commercial closing and financial closing shortly, it noted.

The other shortlisted bidders are Total Solar International (for Wadi Al Dawasir); Alfanar/Asma Capital (for Layla); Jinko Power (for Ar Rass and Saad) and a consortium led by Abu Dhabi-based Masdar with EDF and Nesma (for Saad), the statement concluded.

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Source: ME Construction News


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October 24, 2021 hssummit0

Euro Auctions, auctioneers of construction, agricultural and earthmoving machinery, has reported keen interest from sellers at its next upcoming sale in Dubai on December 13, its last of 2021, with many consignors signing up to sell new and unused excavators and commercial vehicles.

The auction house said that for its next sale at its Dubai site in the Jebel Ali Free Zone, the message to buyers is “we have great stock at this sale”, while to sellers it is, “we still have room for more”. The auction is attracting consignors with kit to sell by the end of the year, as the market demands good late, low hours equipment, as OEMs continue to struggle with delivery of new machines, said Euro Auctions.

The company added that its sales and territory managers are successful in seeking and sourcing good consignments of unused machinery and vehicles in Dubai, with this sale being no exception. With high demand from buyers for good used machines, the message from Euro Auctions to vendors is “we have buyers with interest in your machinery and equipment, so consign now to the December 13 sale”.

From the lots already consigned to the upcoming sale, there are many specialist items that bidders will have interest in, including several big-ticket ones, as well as consignments of exceptional unused machines, said Euro Auctions.

Multiple units are available of unused Iveco TRAKKER 380 6×4 chassis cabs and 2007 MAN TGA33.400 6×4 Prime Mover with sleeper cabs on the commercial vehicles side. In forklifts multiple units are available of unused 2021 Apache HH30Z 3t diesel forklifts, while unused Ammann AV110X Double Drum Vibratory Rollers make up the availability of unused compactors.

By far the largest selection of unused units are available among the line-up of excavators, with 2021 Komatsu PC210LC-10 and PC350LC-8 hydraulic excavators, 2021 JCB JS205LC, 2021 Hyundai R210 and 2021 CAT 323D3 hydraulic excavators also going under the hammer.

Euro Auctions said it enjoys the confidence of sellers in its ability to obtain the “best price” for all consignors while ensuring buyers are satisfied with purchase prices. The reputation of Euro Auctions in the UAE and across the Middle East provides buyers and seller with confidence at all times, said the company.

Euro Auctions added that while its bidder numbers and registrations have always been high at Dubai auctions, they have gone higher still in these Covid-19 times. Despite strong opposition outside the region, bidding from local buyers has been stronger, with the home market succeeding in acquiring quality machinery.

Derek Bleakley of Euro Auctions, Dubai, said: “In the last 12 months, our staff have continued to engage with consignors who are eager to sell quality machines. With a lack of new machinery coming onto the market from OEMs and main dealer inventory depleting, we are seeing consignors capitalising on the appetite of the market, with buyers delighted with the quality of machinery we are amassing for each Euro Auction sale. We continue to see an influx of new consignors and new registered bidders at our site in Dubai, from not only across the Middle East, but from Europe, North Africa, Asia and as far as the Pacific rim. Such is the reach that Euro Auctions has, with a targeted marketing programme that reaches buyers and consignors in 150 countries around the world.”

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Source: ME Construction News