UAE projects worth over $300 billion on hold – Trade Arabia


Dubai skyline – Image Source: Flickr – robertpaulyoung

Trade Arabia reports

Over 400 projects worth more than $300 billion have been placed on hold or cancelled in the United Arab Emirates due to the global financial crisis, Dubai-based research firm Proleads Global said on Tuesday.

The construction sector in the UAE will stabilise this year and is expected to show signs of recovery in 2010…

read the full article at the SOURCE: Trade Arabia – UAE projects worth over $300 billion on hold

Limitless drops Karachi Waterfront development

Parag Deulgaonkar of Emirates Business 24/7 reports

Limitless, the global master-development arm of Dubai World, has dropped the plan to go ahead with the Karachi Waterfront, a multibillion-dollar project in Pakistan, and is currently reviewing its project stream in light of the world economic crisis, a company spokesperson said.

SOURCE: Emirates Business 24/7 – Limitless drops Karachi Waterfront development

Foster + Partners and Buro Happold joint venture to design four stations for Saudi Arabia’s new Haramain High-speed Railway

Foster + Partners reports

Foster + Partners and Buro Happold joint venture has been appointed to design four stations along a new high speed railway line in the Kingdom of Saudi Arabia, which will link the cities of Makkah and Madinah via Jeddah. The Haramain High-speed Railway (HHR) is a major infrastructure project, conceived to forge new social and economic links by dramatically cutting journey times between the cities in western Saudi Arabia and by providing a new transport option for many of the pilgrims making the journey to the religious cities of Makkah and Madinah.

SOURCE: Foster + Partners

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Amid Economic Turmoil, Landscape Architects See Opportunities – Business West

BusinessWest reports

Joseph Bednar interviews Richard Klein and Peter Wells of Berkshire Design Group on how
diversifying their clients, services and projects is helping them through the downturn.

Read more @ the SOURCE: BusinessWest – Amid Economic Turmoil, Landscape Architects See Opportunities

What the future holds for landscape architects -

Seattle Daily Journal of Commerce reports

“Despite the slow economy, designers are looking forward to the new green economy and more public work.

Landscape architects started seeing the impacts of the economic downturn last year……….”

Read the full article at the [SOURCE: Seattle Daily Journal of Commerce - What the future holds for landscape architects]

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