While banks’ liquidity in the Gulf region has been affected by the global credit crisis and the region’s central banks have launched measures to shore up confidence. The crisis has placed Abu Dhabi in an ideal situation, where it can use its surplus cash for launching projects.
Read more @ the SOURCE: Khaleej Times Online – Abu Dhabi Well Positioned for Infrastructure Investments.
Inside the Bay Area reports that “Oakland took the next step in defining the future of its central waterfront Wednesday by awarding a $2.1 million contract to………………..the Oakland firm, Community Design + Architecture, the contract to prepare a so-called specific plan and environmental impact report for the central estuary. The area encompasses 428 acres situated between 19th and 54th avenues below Interstate 880.”
SOURCE: Oakland firm wins $2.1 million contract to study waterfront design – Inside Bay Area.
BBC News reports that “Architecture and urban planning students in Bristol are being trained in how to reduce the impact of terrorism in the buildings they design.
Students will take part in a session involving a simulated terrorist attack in a busy city centre environment.”
read more @ the SOURCE: BBC NEWS | UK | England | Bristol/Somerset | Students design out terror threat.
Various news agencies (AFP, Reuters) are reporting that the Sands Macau may be forced to layoff 9000–11000 workers as work is suspended on the its several projects in Macau as they look for financing of 1.2–2.0 billion USD to restart the work on the sites.
For more information read the SOURCE: International Herald Tribune – Las Vegas Sands to fire up to 11,000 Macau workers