“Some contractors and consultants have not been paid for up to six months, and large Dubai-affiliated developers owe billions of dollars, according to contractors, lawyers and executives…”
SOURCE: FT.com / Middle East – Dubai contractors face cash flow crisis
Technorati Tags: FT.com, dubai, uae, contractors,
“The world’s biggest flatbed delivers diamond-shaped glazing panels for the RMJM-designed Capital Gate building
Monster glass panels for Abu Dhabi’s ‘leaning tower’ development have arrived on what the project team claims is the world’s biggest flat bed truck.
The panels are for the Capital Gate building, which architect RMJM recently submitted for the Guinness Book of Records as the ‘world’s most inclined building’.”
[SOURCE: Building.co.uk - Giant glass panels arrive for the leaning tower of Abu Dhabi]
Technorati Tags: RMJM, Leaning Tower, Abu Dhabi, flatbed truck, world biggest, guinness book of records, inclined building,
The National Newspaper reports
“Firms fully or partially owned by the Government, such as Dubai Properties, Emaar Properties and Nakheel, will be able to tap into the first US$10 billion (Dh36.73bn) of what will eventually be a $20bn sovereign bond programme, to meet their financial obligations. The Central Bank agreed to lend the money to Dubai earlier last week.”
[SOURCE: The National Newspaper - Cash boost for property firms]
Technorati Tags: UAEgovernment, dubai, crisis, emaar, nakheel, central bank dubai, dubai
Abu Dhabi continues to invest in the development of outdoor landscaping in the capital, despite the less than favourable economic conditions the world is currently facing. The ‘Plan Abu Dhabi 2030′ which was introduced last year ensures that landscaping development in the emirates continues, and plans for a national park with both green and sand belts. The Government has introduced the ‘Green Gradient’ concept, ensuring green development throughout the emirate in increasing levels.
SOURCE: ZAWYA.com – Abu Dhabi continues unabated with urban and outdoor landscaping projects
Technorati Tags: Abu Dhabi, 2009, Financial Crisis, Landscape proejcts