Saudi Arabia to invest in new cities to tap growth

Saudi Arabia, like other Gulf Cooperation Council countries, has decided to create “new cities” to accomplish growth in the real estate sector – a proven growth driver for other economies in the region. Six economic cities have been announced in the Kingdom to complement 14 industrial cities, some of which are already up and running successfully.

GCC to invest in new cities to tap growth – Emirates Business 24|7.

Abu Dhabi Builds Its Architectural Cred

The building boom in the capital of the United Arab Emirates rivals that of Dubai. But Abu Dhabi hopes to distinguish itself with ambitious green architecture

In recent weeks, the rivalry between neighboring United Arab Emirates Dubai and Abu Dhabi has been heating up on a world stage—most notably with the Abu Dhabi Investment Authority’s purchase of a $7.5 billion stake in Citigroup (C) (BusinessWeek.com, 11/27/07), which came on the heels of Dubai’s investment in Sony (SNE) in late November.

Abu Dhabi Builds Its Architectural Cred– Business Week – Reena Jana

AECOM announces Services contract with Libya

AECOM Technology Corporation a leading provider of professional technical and management services announced today that it has signed a five-year contract which authorizes to a potential total value of $574 million. AECOM will lead the Program Management Department for the Great Socialist People’s Libyan Arab Jamahiriya Housing and Infrastructure Board (HIB).

AECOM ANNOUNCES CONTRACT WITH LIBYA HOUSING AND INFRASTRUCTURE BOARD WITH POTENTIAL VALUE OF $574 MILLION.

Rejuvenating one of Israel’s oldest urban centers

Compared to such ancient cities as Jerusalem, Acre, Safed and Jaffa, Petah Tikva is a foundling. In relation to the modern Zionist communities, however, it is one of the oldest urban centers in Israel.

PETAH TIKVA’S city center is undergoing a rehabilitation that is expected to result in a soaring real estate prices.

Rejuvenating one of Israel’s oldest urban centers | Jerusalem Post.

Look at risks of flooding during urban planning in Arab countries

An international conference here on wadi hydrology has urged decision makers in the Arab countries to take into consideration the risks of flooding during urban planning. It also called for a ‘deeper understanding’ of the hydrology of wadis, developing an early warning system in the areas with arid and semi-arid climate and draw up a comprehensive management plan for water resources to achieve sustainable development in the Arab world.

Khaleej Times Online – Look at risks of flooding during urban planning.

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