Property firms adapt to tough times – The National Newspaper

The National Newspaper reports

“Construction companies are restructuring salary packages and relocating staff within the Gulf to try to counteract the slowdown in Dubai and avoid redundancies.”

read the full article @ the SOURCE: The National NewspaperProperty firms adapt to tough times

Bahrain Bay infrastructure work nears completion

Trade Arabia reports

“Bahrain Bay Development, the $2.5 billion landmark waterfront community located in the heart of Manama, said the infrastructure work in the development was nearing completion.

As a developer committed to implementing world-leading best practice, Bahrain Bay offers its land parcels to third party developers with fully-completed infrastructure including road, water, power, district cooling, sewage, storm drainage, irrigation networks and a telecommunications system.”

[SOURCE: Trade Arabia - Middle East business information | Trade news portal].

UAE construction outlook still optimistic despite global crisis – Gulf News

Gulf News reports

“The demand for engineers, architects and senior managers in the construction industry in the UAE has slumped due to the global financial turmoil but has not halted, a construction recruitment company official said.”

[SOURCE: Gulfnews: UAE construction outlook still optimistic despite global crisis].

Leighton JV wins $USD2.4 bln UAE construction deal

The Al Habtoor Leighton Group has signed a letter of intent for the AED 8.85 billion (USD$2.4 billion) Dubai Pearl mixed-use development for Pearl Dubai FZ LLC.

The project involves the construction of an integrated city overlooking the Palm Jumeirah development in Dubai.

Dubai Pearl will feature an iconic building structure comprising four 73-storey mixed-use towers, world-renowned fashion and technology brands, and the Baccarat Hotel and Residences, and will provide a 24-hour living city with commercial, retail, residential and leisure facilities.

[SOURCE: Leighton Holdings]

Abu Dhabi’s UPC launches Estidama sustainable programme

To enable Plan Abu Dhabi 2030, the Urban Structure Framework Plan for Abu Dhabi, to establish a distinctive framework for measuring sustainability performance beyond the usual planning and construction phases, The Abu Dhabi Urban Planning Council (UPC), the agency responsible for the future of Abu Dhabi’s urban environments, is addressing sustainability concerns of the community at large through 4 key angles; environmental, economic, social and cultural.

By setting up new standards, the UPC, through its Estidama sustainable program, has developed its “Community Sustainable Responsibility” initiative, Estidama CSR 2030 (ECSR 2030).

SOURCE: WAM.

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