Atkins Middle East has worked with Abu Dhabi based Al Maabar to develop the masterplan for the Al Waha development in Libya. The masterplan was unveiled yesterday and is expected to cost AED 1,400 billion (US$ 375 million) .
The development took inspiration form Libya’s rich cultural heritage including the oasis town of Ghadamis. The development covers 65,000 square metres(699,650 sq feet) and will have a floor space of 265,000 square metres. The development will include 31 storey luxurious hotel, 100 serviced apartments, a 28-storey office tower, 11 mid-rise residential buildings, a health club and a shopping mall that will include a supermarket, food court and a five screen cinema.
Building posted a report today that some large US firms the size of Jacobs, AECOM and CH2MHill maybe looking at acquiring firms in the UK. Many UK firms have established offices in Europe, Middle East and North Africa which makes their businesses more appealing as they have established company structures and trained personnel. They also have large infrastructure projects such as Crossrail and work in North Africa already on their books.
US Companies are seeing that the recession has abated in the US and Europe so its the most opportune time to acquire companies at low valuations and increase their personnel count and revenues across the world.
Read the article at Building for a list of targeted companies, analysis and interviews.
During the Convention for Biological Diversity being held in Jakarta from November 30 to December 2, representatives from about 200 companies worldwide in mining, fisheries, construction, forestry, tourism and cosmetics business released a draft charter called the Jakarta Charter which will requires companies to integrate biodiversity into their business strategies to reduce poverty and increase sustainable development.
Jakarta Post cited Ahmed Djoghlaf, executive secretary of the Convention on Biological Diversity (CBD) as saying
“The Jakarta Charter will be open for signatures to all companies in the world that adhere to its principle,”…..
He said the Jakarta Charter on Business and Biodiversity would be submitted for adoption at the convention’s meeting in Japan in Oct 2010.
Executive director of the ASEAN Center for Biodiversity, Rodrigo Fuentes, told reporters that biodiversity loss was a forgotten crisis in the region that received little attention in the media.
read more at the SOURCE: Jakarta Post
Also read more at the Convention for Biological Diversity
Architects Journal recently reported that the chief of Atkins has warned that
…We are in for another two years of recession….
Although on the positive side he also intimated that we are at the bottom of the recession.
read the full article at the [SOURCE: Architects Journal - Expect another two years of recession, warns Atkins chief]
Construction Week (Middle East) have just published the results of a salary survey held from April to September this year. The main findings of the survey is that most people are experienced and the UAE is not a place for first-jobbers. People consistently worked longer than 40 hour per week and have salaries in construction(including Architects) on average between $4500-$6047 (USD) month across the six GCC countries. The results also outline expectations for pay rises, housing, current pressures and other interesting information.
For more information go to the two articles at the [SOURCE: Construction Week (Middle East)]
1. Survey Analysis – Construction Week (Middle East)
2. Detailed Results – Construction Week (Middle East)