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THE DEFINITIVE GUIDE TO THE REGION'S CONSTRUCTION PROFESSIONALS CBNME MEP POWERLIST 2024: EXPLORING THE TOP GIANTS IN THE INDUSTRY J U N E - J U L Y 2 0 2 4 | C B N M E . C O M MSA SAFETY LEADING THE CHARGE IN FACILITY SAFETY ENHANCEMENTS GUARDIANS PROTECTION WINNERS ANNOUNCED AWARDS MEP CBNME 2024 OF
IN THIS ISSUE CBNME 22 26 30 30 COVER STORY WHEELS UNITED 32 REAL ESTATE TECH MEETS PROPERTY 36 CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY 56 CBNME MEP AWARDS 2024 RADIANCE OF MEP EXCELLENCE 78 TECHNOLOGY ENGINEERING WATER THRILLS 14 RAILWAY CONSTRUCTION OF HAFEET RAIL BEGINS 16 DEVELOPERS SHAPING SKYLINES 20 PROP-TECH REIMAGINING LIVING 24 SUSTAINABILITY GREEN INTEGRATION 26 COVER STORY GUARDIANS OF PROTECTION 80 FACILITIES MANAGEMENT TRENDSETTERS TO TRACK 82 EXPERT INSIGHT DISPELLING MYTHS 84 TALKING POINT DUBAI DREAMS: YOUR COMPLETE CITY GUIDE 86 UNSUNG HEROS FARAH ALSAYID CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 3
Keep up to date with all the latest news, features and much more on our website and social media platforms CBNME.COM CBNME @CBNME CONSTRUCTION BUSINESS NEWS ME SUBSCRIBE subscriptions@bncpublishing.net PO Box 502511 Dubai, United Arab Emirates P +971 4 4200 506 | F +971 4 4200 196 For all commercial enquiries, contact jo@bncpublishing.net T +971 50 440 2706 All rights reserved © 2023. Opinions expressed are solely those of the contributors. Logistics News ME and all subsidiary publications in the MENA region are officially licensed exclusively to BNC Publishing in the MENA region by Logistics News ME. No part of this magazine may be reproduced or transmitted in any form or by any means without written permission of the publisher. Printed by United Printing and Publishing | upp.ae Images used in Logistics News ME are credited when necessary. Attributed use of copyrighted images with permission. All images not credited courtesy Shutterstock. CEO Wissam Younane wissam@bncpublishing.net Director Rabih Najm rabih@bncpublishing.net Group Publishing Director Joaquim D'Costa jo@bncpublishing.net Editor-in-Chief Vibha Mehta vibha@bncpublishing.net Sales Manager Alex Brown alex@bncpublishing.net Editorial Assistant Aya Zhang aya@bncpublishing.net Creative Lead Christian Harb chriss@bncpublishing.net Editorial Design Rizaldi Febrian Marketing Executive Aaron Joshua Sinanbam aj@bncpublishing.net Videographer Alexander Bungas 4 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
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E ver feel like you’re juggling flaming chainsaws while riding a unicycle on a tightrope? Welcome to my daily circus of managing time, work-life balance, and relationships! Trust me, I’m right there with you, trying not to drop the ball—or, you know, set everything on fire. Time management is like trying to fit an octopus into a string bag. Those tentacles keep popping out! Despite my best efforts, there are days when the tentacles win, and the octopus is everywhere. Yet, I soldier on, hoping one day the octopus will just cooperate. Then there’s work-life balance, which feels like tightrope walking with a dozen cats clinging to your legs. Sure, I aim for those perfect boundaries where work stays in its lane and personal time is sacred. But who am I kidding? Sometimes I’m answering emails at family dinners and using my weekends to catch up on projects. Adrenaline and coffee? My trusty companions. Relationships are the trapeze artists in this act. Maintaining them involves communication, empathy, and respect—ideally. In reality, it’s more like, “Here’s your favorite snack!” and hoping that’s enough to make up for the times I’m too swamped to check in. My attempts at open dialogue can sometimes end in misunderstandings and awkward silences, but hey, it’s the thought that counts, right? Balancing time management, work-life harmony, and relationship building is a lifelong act. It requires flexibility, a sense of humor, and a lot of trial and error. With the right tricks and a positive attitude, maybe I’ll turn this juggling act into a graceful performance one day. Until then, here’s to embracing the chaos with a grin and a plan—most of the time. Now, if you’ll excuse me, I need to rescue my octopus from the string bag again. May your days be productive, your nights restful, and your relationships full of joy and laughter. Go forth and conquer that circus! Beyond the Clock: The Great Circus of Time, Life, and Relationships Vibha Mehta Editor-in-Chief vibha@bncpublishing.net Vibha Mehta vibhamehta01 @vibhamehta01 EDITOR’S NOTE CBNME
E xpected to cost $1.2 billion to construct, Jeddah Tower will be a mixed-use building featuring a luxury hotel, office space, serviced apartments, luxury condominiums, and the world’s highest observatory. It will be at least 173 meters (568 feet) taller than Burj Khalifa, designed by Adrian Smith while at Skidmore, Owings & Merrill. AS+GG’s design for Jeddah Tower is a harmonious blend of technology and nature. With its slender, subtly asymmetrical massing, the tower evokes a cluster of leaves shooting up from the ground—a burst of new life that symbolizes the tower as a catalyst for increased development all around it. This design element is not just a visual representation but a powerful message of growth and development. The sleek, streamlined form of the tower can be interpreted as a reference to the folded fronds of young desert plant growth. The way the fronds sprout upward from the ground as a single form, then start separating from each other at the top, is an analogy of new growth fused with technology. While the design contextualizes Saudi Arabia, it also represents an evolution and a refinement of an architectural continuum of skyscraper design. The three-petal footprint is ideal for residential units, and the tapering wings produce an aerodynamic shape that helps reduce structural loading due to wind vortex shedding. Jeddah Tower’s design embraces its architectural pedigree, taking full advantage of its lineage’s proven design and technological strategies, refining and advancing them to achieve new heights. The result is an elegant, cost- efficient, and highly constructible design that is both rooted in tradition and forward-looking. It leverages new and innovative thinking about technology, building materials, life-cycle considerations, and energy conservation. For instance, the project will incorporate a high-performance exterior wall system that minimizes energy consumption by reducing thermal loads. Additionally, each of Jeddah Tower’s three sides features a series of notches that create pockets of shadow, shielding areas of the building from the sun and providing outdoor terraces with breathtaking views of Jeddah and the Red Sea, demonstrating the tower’s commitment to sustainability. The Jeddah Tower’s impressive height necessitates one of the world’s most advanced elevator systems. The Jeddah Tower complex will house 59 elevators, including 54 single-deck and five double-deck elevators, along with 12 escalators. Elevators serving the observatory will travel at a rate of 10 meters per second in both directions, showcasing the tower’s cutting-edge technology. Another unique feature of the design is a sky terrace at level 157, roughly 30 meters (98 feet) in diameter. When opened, the sky terrace will be open to the public and will be considered the world’s highest observatory. Standing over 1 kilometer tall, Jeddah Tower will surpass the Burj Khalifa upon completion. Designed by Adrian Smith + Gordon Gill Architecture, this iconic structure is set to make a significant economic impact on Saudi Arabia by 2030, marking a new era of architectural and economic advancement for the region. EVERYTHING YOU WANT TO KNOW ABOUT JEDDAH TOWER CBNME REGIONAL NEWS Jeddah Tower, originally named Kingdom Tower, will serve as the central landmark and the initial construction phase of the $20 billion Kingdom City project in Jeddah. 10 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
T he Chairman of the Board of Directors of Drake & Skull International LLC, Engineer Shafiq Abdul Hamid, announced the completion of the company’s compliance with all restructuring plan requirements after issuing mandatory convertible sukuk to the company’s creditors by the restructuring plan for the benefit of financial and commercial creditors with debts equivalent to or exceeding AED 1 million. Engineer Shafiq emphasized the company’s completion of all other requirements stipulated in the restructuring plan agreed upon with creditors and approved by the competent courts, which include the company’s success in increasing its new capital by more than 450 million dirhams and obtaining approval from the Securities and Commodities Authority, writing off financial and commercial debts in full by (4,181,766,366) dirhams, and issuing the remaining 10% mandatory convertible bonds into shares after five years from the date of issuance. These accomplishments pave the way for the company to swiftly resume its operations, participate in tenders, and secure new projects. This strategic move will enhance the company’s profitability, increase its assets, and strengthen shareholders’ rights. Furthermore, the company has initiated the process of cash settlements for creditors with debts less than one million dirhams, amounting to a total of (13,604,054) million dirhams. This action, in accordance with the final list of creditors published on January 30, 2024, is being overseen by an expert appointed by the competent court as a procedures trustee, with any adjustments made in response to objections filed with the court. It is worth mentioning that Drake & Skull International LLC has numerous claims in the market that it seeks to collect through direct settlements or litigation through competent courts. Recently, Drake & Skull Engineering, one of the subsidiaries of Drake & Skull International LLC, won a court judgment in its favour issued by the Court of Appeal in favour of the company, obligating one of the major companies in Dubai to pay an amount of (36,715,677) million dirhams and fees, interest, and expenses. The company has begun taking the necessary measures to execute the award, noting that this amount includes bank guarantees. DRAKE & SCULL INTERNATIONAL CONFIRMS THE COMPLETION OF ALL RESTRUCTURING OBLIGATIONS Drake & Scull finalizes restructuring, issues mandatory sukuk REGIONAL NEWS CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 11
‘STAKE’ DIGITAL PLATFORM PARTNERS WITH DUBAI LAND DEPARTMENT’S INNOVATIVE ‘REES’ INITIATIVE ‘Stake’ Digital Platform teams up with Dubai Land Department’s groundbreaking ‘REES’ initiative to revolutionize the real estate landscape D ubai Land Department has announced including the ‘Stake’ real estate investment platform in the Real Estate Evolution Space Initiative (REES). REES is designed to position Dubai as a global real estate technology and artificial intelligence leader. This step aims to expand property accessibility and ownership opportunities for everyone while increasing community awareness about the importance of collective investment in the sector. As a local company launched in Dubai and expanding globally, ‘Stake’ provides a fully comprehensive digital experience. This contributes to digitising buying and selling procedures, thereby leading the global digital transformation process and democratising real estate, making such investment accessible to everyone. Effective partnerships and pioneering digital infrastructure His Excellency Eng. Marwan bin Khalifa, Acting Director General of the Dubai Land Department, said: “We are delighted to welcome a leading local platform dedicated to finance and investment in the real estate sector to the innovative REES initiative. This underscores our commitment in Dubai to provide a supportive infrastructure for real estate innovations and enhance the competitiveness of local PropTech companies.” He added: “In our relentless pursuit to encourage and stimulate investment in the sector, we consistently embrace modern digital technologies, believing that digitisation is now a fundamental pillar of real estate growth in Dubai. Our visionary leadership has always focused on making Dubai a global digital transformation model, launching numerous initiatives and projects to usher in a new era in this journey. In turn, we are committed to providing a nurturing environment for investment and innovation and leveraging technology to enhance the sector’s readiness, sustainability, growth, and progress.” Rami Tabbara, Co-founder and Co-CEO of Stake, said, “We are excited to partner with the Dubai Land Department to revolutionise real estate transactions. At Stake, we aim to make real estate borderless, accessible, and liquid for everyone in Dubai and globally. This aligns perfectly with the new REES initiative, driving innovation and accessibility in the real estate market.” The Best Real Estate Opportunities with the Highest Investment Potential Established in 2021 during the COVID-19 pandemic, the ‘Stake’ platform aims to bring about change that aligns with that period by offering the best real estate opportunities with the highest investment potential. Using the app, anyone can create a global real estate portfolio within minutes and generate lifelong income to achieve their goals. The platform enables investment in real estate with a minimum stake of only AED 500 while managing all investor transactions from investment to exit, distributing monthly rental income and capital appreciation returns directly into the investor’s ‘Stake’ investment wallet. As part of this partnership, the ‘Stake’ platform will conduct a masterclass workshop for Emiratis titled ‘Invest for Tomorrow’ on Wednesday, July 3, 2024. The goal is to equip participants with fundamental skills in financial management and intelligent investing. This workshop will demonstrate how to transform daily financial practices into practical strategies for wealth-building and attaining financial independence. Topics covered will include: • Mastering the basics of financial management. • Implementing smart investment strategies. • Generating passive income. • Planning for a secure financial future. Dubai Land Department launched the Real Estate Evolution Space Initiative—REES—to support Dubai’s Economic Agenda D33 and its ambition to make Dubai a central innovation hub. REES is considered the region’s most significant field of real estate innovation. It is designed to support and attract companies specialising in real estate technology from Dubai, highlighting the most prominent PropTech solutions that align with local and global markets. CBNME REGIONAL NEWS 12 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
DAR GLOBAL AWARDS OMR 9.3 MILLION INFRASTRUCTURE CONTRACT Dar Global has contracted Oman Shapoorji Company LLC for OMR 9.3 million to develop AIDA Phase 1 infrastructure D ar Global, the London-listed luxury international real estate developer, is pleased to announce the awarding of the infrastructure contract for the first phase of AIDA, a landmark urban development in Oman. This milestone underscores Dar Global’s vision to create a world-class real estate marvel in Oman, working with best-in-class partners to deliver unmatched luxury and value. AIDA, a joint venture with Omran Group, Oman’s primary organisation for tourism development, integrates luxury golf, residential, and hospitality components. Set for Phase 1 completion in 2027, AIDA is strategically located by the sea and 130 metres above sea level, offering unparalleled sea views and residences that harmonise with the cliffside environment. The infrastructure work for AIDA’s first phase has been awarded to Oman Shapoorji Company LLC, a testament to our commitment to quality. The contract, valued at OMR 9,345,653, includes designing and constructing essential infrastructure, as well as developing the surrounding road network within AIDA. These efforts ensure the highest technical standards, seamlessly complementing AIDA’s luxurious offerings and supporting its residential and commercial phases. Ziad El Chaar, CEO of Dar Global, said: “Announcing the infrastructure contract marks a significant step towards realising our ambitious vision for AIDA. We are excited to reach these pivotal stages of the project, which exemplifies our unwavering commitment to elevating Oman’s tourism and real estate sectors. This contract strategically strengthens our portfolio of luxury developments in prime global locations. AIDA will set new benchmarks for luxury and innovation, reinforcing Oman’s position on the global stage.” Spanning 5 million square metres and situated just 10 minutes from Downtown Muscat, AIDA aims to redefine architectural excellence, environmental sustainability, and bespoke living standards. The project will elevate Oman’s global standing as a premier tourist, residential, and investment destination, featuring opulent mansions, limited-edition villas, and sophisticated apartments. AIDA residents and visitors will enjoy exclusive amenities, including immersive experiences, enchanting residences, hospitality offerings, recreational facilities, spectacular outdoor landscapes, and exquisite dining options. In collaboration with the Trump Organization, AIDA will also boast a luxury Trump Golf Course, enhancing its allure as a world-class destination. REGIONAL NEWS CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 13
CBNME RAILWAY CONSTRUCTION OF HAFEET RAIL BEGINS Hafeet Rail marks the newly unveiled brand identity of the joint venture between Oman Rail, Etihad Rail, and Mubadala M arking a significant milestone, Etihad Rail, Oman Rail, and Mubadala Investment Company signed a partnership agreement during Sultan Haitham bin Tarik’s state visit to the UAE. This initiates construction on their joint railway project. The civil works tender was awarded to an Omani-Emirati alliance led by Trojan Construction Group and Galfar Engineering, along with Tristar Engineering & Construction and NICC. Siemens and HAC secured the systems and integration tender to equip Hafeet Rail with advanced technologies like the European Train Control System (ETCS) Level 2 and GPS tracking. 14 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CONSTRUCTION OF HAFEET RAIL BEGINS Key dignitaries, including Sheikh Hamed bin Zayed Al Nahyan, Abdulsalam bin Mohammed Al Murshidi, and Suhail bin Mohammed Al Mazrouei, among others, attended the signing ceremony. Etihad Rail, Oman Rail, and Mubadala Investment Company have introduced their joint venture’s new corporate identity, Hafeet Rail, named after Jebel Hafeet, a landmark symbolizing the connection between Oman and the UAE. This strategic and historic region is renowned for its natural beauty and rugged terrain. His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, highlighted that the project aligns with the leadership’s vision to enhance historical ties, economic integration, and social connections between the two countries, marking a new phase of cooperation. His Excellency Abdulsalam bin Mohammed Al Murshidi, President of the Oman Investment Authority, emphasized the railway network’s significance in boosting the logistics sector, stimulating industrial growth, and attracting investments. This will enhance Oman’s and UAE’s global trade competitiveness. His Excellency Suhail bin Mohammed Al Mazrouei, UAE’s Minister of Energy and Infrastructure, praised the project’s efficiency and early achievements. He underscored the railway network’s role in fostering local and regional trade, creating infrastructure opportunities, and contributing to both nations’ sustainable development and economic diversification. His Excellency Mohamed Hassan Al Suwaidi, UAE Minister of Investment and ADQ CEO, highlighted the joint venture’s achievements over the past 18 months, particularly the completion of engineering and preparatory work that has paved the way for construction. He emphasized the network’s crucial role in enhancing local and regional trade, creating new opportunities in infrastructure, transportation, and logistics, and promoting economic diversification and comprehensive development. Al Suwaidi also noted the tourism benefits from improved travel accessibility between Oman and the UAE. Eng. Abdulrahman Al Hatmi, CEO of Asyad Group, underscored the project’s significance in reinforcing Oman and the UAE as key logistical hubs for global trade amid the GCC’s economic boom. He praised the strategic vision and foresight of Oman and the Emirates in fostering an integrated transportation ecosystem to reshape regional logistics. The project strengthens both nations’ strategic and economic goals, boosting their status as critical points for importing and distributing goods. It promises to transform the logistics landscape in Oman and the UAE, enhancing economic competitiveness through reliable and sustainable transportation solutions, improving connectivity between sea and land ports, and reducing time and costs. The $3 billion joint network economically solidifies the UAE and Oman as regional logistics hubs, creating job opportunities and downstream economic benefits across various sectors, including mining, iron and steel, agriculture, food, retail, e-commerce, and petrochemicals. Hafeet Rail will facilitate the transport of over 15,000 tonnes of cargo per journey, supporting fast, safe, and sustainable transportation services for diverse goods. Passenger rail services will also link key population centres, promoting social and familial bonds while boosting tourism. The innovative solutions ensure that travel between the two countries is smooth and convenient. The trains will travel up to 200 kilometres per hour, covering the distance between Sohar and Abu Dhabi in 100 minutes and between Sohar and Al Ain in 47 minutes. Each train will accommodate up to 400 passengers. The signing of these agreements highlights the steadfast support from both governments, underscoring their dedication to the project’s execution and progress. This commitment aligns to strengthen the historical and cultural ties between the two nations and enhance collaboration in economic, commercial, investment, artistic, and developmental spheres. The agreements also align with the leadership’s longstanding directives to establish a joint railway network, contributing to the long-term sustainable development of both countries. Etihad Rail, Oman Rail, and Mubadala signed a partnership agreement during Sultan Haitham bin Tarik's UAE visit CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 15
N ABNI Developments is a premier real estate developer in the UAE renowned for its exceptional design quality and groundbreaking living standards. Established in 1999, NABNI was created to offer a personalized, bespoke experience for discerning clients seeking ‘quiet luxury.’ Over the past 25 years, NABNI has reached remarkable milestones, contributing to Dubai’s iconic skyline with legacy projects like the Business Avenue building, a collaboration with famed architect Carlos Ott that redefined design and construction. Other notable projects include the Lamborghini Building on Sheikh Zayed Road and the pioneering Mirdif 10 Villas. As a boutique developer based in Dubai, NABNI specializes in luxury residential and commercial projects. They are celebrated for their innovative designs and commitment to sustainability, consistently creating iconic communities that set new industry standards. Their portfolio boasts high-end residences and state-of- the-art facilities, epitomizing their dedication to quality SHAPING SKYLINES Abdulrahman Alsuwaidi, Co-Founder and Chairman of NABNI Developments, unveils how the company is etching its visionary blueprint across Dubai’s skyline Avenue Residence 6, Al Furjan CBNME DEVELOPERS 16 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
and excellence. Additionally, NABNI’s core focus areas are extraordinary design, meticulous attention to detail, and establishing new benchmarks for luxury living. Their innovative approach and unwavering commitment to excellence continue redefining the UAE’s real estate development landscape. What are some of the flagship projects currently being developed by NABNI Developments? NABNI’s commitment to innovation and accessibility is embedded in its DNA, exemplified by our flagship thirteen-story luxury apartment building, Avenue Residences 1-6, in the heart of Al Furjan. These residences have excelled in the luxury segment, with Avenue Residences 1-3 already handed over and Avenue Residence 4’s handover imminent. Additionally, Avenue Residences 7 and 8 are set to launch next quarter. The swift sale of the Avenue Residences highlights the exceptional build quality and prime location within Al Furjan, offering residents easy access to major road networks and the metro station. Its proximity to Dubai South and the upcoming Al Maktoum International Airport further enhances its desirability as a residential destination. NABNI’s portfolio spans 11 projects, with over 800 units and more than 425 units in planned developments. We marked a significant milestone in March by partnering with Hilton to launch the Waldorf Astoria Residences Dubai Downtown, the first standalone Waldorf Astoria residential project outside the US. We look forward to unveiling more details about this project, which will introduce a new level of holistic luxury living to Dubai, with an official launch slated for Q4. How do NABNI Developments incorporate sustainability into its projects? NABNI prioritizes energy efficiency and renewable energy integration in every project to ensure top-quality builds and sustainable solutions. Aligning with the UAE Green Agenda 2030, NABNI embraces sustainable materials, smarter heating and cooling systems, and efficient maintenance to minimize wastage. For instance, we use natural stone facades for thermal control and green roofs for energy efficiency and stormwater management, contributing to a greener urban landscape in Dubai. We also prioritize sourcing local materials to reduce transportation emissions and design our parking areas for optimal ventilation and safety. As a responsible developer in the UAE, NABNI is committed to integrating sustainable practices across all operations, reflecting our dedication to environmental stewardship. ABDULRAHMAN ABDULLA ALSUWAIDI, Co-Founder and Chairman of NABNI Developments SHAPING SKYLINES CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 17
How has the recent economic climate affected your development strategies? When we founded NABNI 25 years ago, we foresaw Dubai’s upward growth trajectory and recognized that the UAE government’s vision and supportive policies would bolster the local economy and real estate sector. Today, Dubai is one of the fastest-growing cities globally, with numerous prime locations ready for development, and NABNI has firmly established itself as a market leader. Although construction costs have risen, Dubai’s booming real estate sector has mitigated this impact. The industry has seen significant interest in existing and off-plan properties, with a 30% increase in transaction volumes in Q1 2024 compared to last year. Despite global inflation challenges, Dubai remains a top destination for foreign investors, with sales transactions reaching AED 78.2 billion in the first quarter of 2024. Our latest project, the Waldorf Astoria Residences Dubai Downtown, launched in partnership with Hilton, addresses the growing demand for branded residences, which has expanded by 122% over the past five years. Branded residences offer significant added value and often retain their resale value better than non-branded properties. Detailed view of Avenue Residence 6 Master bathroom in Avenue Residence 6 CBNME DEVELOPERS 18 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
SHAPING SKYLINES At NABNI, we are setting new global standards for living spaces that cater to contemporary lifestyles. Our rapid post-launch sales, such as those seen with Avenue Residences in Al Furjan, highlight our strong market presence and ability to meet customer expectations for luxury and quality family living spaces. What challenges does NABNI Developments face in today’s market, and how do you overcome them? We live in a rapidly evolving world driven by new technologies, whereas real estate development often progresses more slowly, presenting specific challenges. As developers, planning 5-10 years ahead for the future is crucial. However, we must also be flexible and adapt when new technologies emerge to remain innovative and competitive. At NABNI, innovation is a cornerstone of our mission; in 1999, we built Dubai’s first intelligent building, featuring the Middle East’s first Thyssenkrupp destination control elevator. In our current projects, we’re utilizing AI and advanced data analytics to tackle issues like rising construction costs and enhancing efficiency and cost-effectiveness in project management. Operating as a well-run family business gives NABNI a significant edge over more prominent developers who must navigate multiple layers of shareholder approvals before making investment decisions. Our commitment to agile decision-making gives us strategic foresight, reflected in our land value portfolio exceeding 500 million AED. How do NABNI Developments ensure the quality and safety of its construction sites? With a long-standing reputation for quality in the UAE, we ensure meticulous attention to detail in all our projects. Each residence we build aligns with the unique aspirations of our valued customers, consistently exceeding conventional luxury living standards. Equally important is our approach to risk management, which is integral to all our construction and real estate projects. We have robust systems and processes to identify and address risks, aiming to minimize potential impacts on project timelines and budgets while prioritizing the safety of our employees, our most valuable asset. At NABNI, this process starts with comprehensive risk assessments at the beginning of each project, identifying potential hazards, uncertainties, and vulnerabilities. These assessments include input from all stakeholders, including family members, to ensure a thorough understanding of the risks involved. Once identified, we prioritize risks based on their likelihood and potential impact, focusing on those with the highest severity. We then develop tailored mitigation strategies, such as implementing safety protocols, securing insurance, diversifying supply chains, or incorporating contingency plans into project schedules and budgets. What is Nabni Developments’ long-term vision for its role in the region’s development? The UAE has emerged as a top global destination, and this year’s significant growth in the real estate market underscores that status. Strategic initiatives like the UAE Tourism Strategy 2031 and ‘We the UAE2031’are poised to enhance the country’s appeal to investors, strengthening the UAE’s luxury real estate market despite global challenges. NABNI’s vision as a premier real estate developer aligns with Dubai’s goal to be a global leader in luxury real estate, focusing on innovation, quality, and sustainable development. Our portfolio spans over 1.1 million square feet across prime UAE locations, and we have a robust project pipeline valued at over AED 2.2 billion. Our landbank exceeds AED 500 million, showcasing our commitment to Dubai’s infrastructure development. This year, we plan to expand our market presence by entering the Branded Residences segment through our partnership with Hilton to develop the Waldorf Astoria Residences Dubai Downtown. Looking forward, we see continued growth for NABNI Developments, expanding our footprint in Dubai with multiple new projects. Our primary focus is on converting our existing landbank into active developments, and we anticipate acquiring additional land by the year’s end for future projects. Master bedroom in Avenue Residence 6 CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 19
CBNME PROP-TECH M ohannad Zikra, Co-Founder and CEO of Stella Stays, embarked on a transformative journey from Kuwait to Canada, carrying a fervent passion for technology sparked by his Software Engineering studies at Concordia University. Throughout his extensive travels early in his career, he was struck by how impersonal and outdated hotel stays felt. He saw a golden opportunity to revolutionize accommodations, making them feel like home with personalized touches and more excellent value. This vision of a more personalized and tech- driven future of living is what inspires us at Stella Stays every day. Mohannad also noticed the unnecessarily complicated process of finding and renting a home. In a world where you can instantly stream movies, order goods to your door within minutes, or track a cab in real time, he believed renting an apartment should be a breeze. This belief is at the heart of Stella Stays’ mission to provide a seamless and effortless rental experience. This visionary idea led to the birth of Stella Stays in 2019. This UAE-based prop-tech company redefines the rental market with tech-enabled, branded residences. Stella Stays caters to a new generation of consumers who crave a seamless living experience where technology and comfort converge to elevate their lifestyles. The company’s mission is to reimagine and enhance the concept of living away from home, making it better in every conceivable way. With Stella Stays, every stay becomes an enjoyable, hassle-free experience underpinned by innovation and comfort. Standing Tall Stella Stays stands out by merging in-house developed technology, vibrant community spaces, and sophisticated designs. As one of the MENA region’s largest operators of residential buildings, they offer fully furnished, tech-enabled branded residences tailored for modern living. Their properties transcend traditional accommodations, fostering dynamic communities enriched with amenities like co-working spaces, coffee shops, fitness centres, lounges, and shared dining rooms. Stella Stays reimagines living, providing a hassle-free experience where residents can choose when and where they live without the typical rental headaches. Adopting a fully digital approach, Stella Stays ensures a seamless process from booking to living. They liken their model to the Netflix of housing or the Amazon of living spaces, allowing residents to book and pay by credit card or cryptocurrency, eliminating lines and cumbersome contracts. Additionally, Stella Stays is committed to intuitive and seamless technology, focusing on convenience and flexibility and delivering a superior living experience. With Stella Stays, you can rest assured that every aspect of your stay is designed for your comfort and ease. Tech-Friendly Technology is not just a tool at Stella Stays-it’s the driving force behind every operation. Imagine a world where property searches and transactions are as simple as a few clicks, and smart home technologies elevate living conditions. This is the world Stella Stays is creating. Their proprietary technology optimizes pricing dynamically and ensures a seamless, fully digital guest experience. It’s all about pure convenience and ease, with no waiting in lines or dealing with cumbersome paperwork. REIMAGINING LIVING Mohannad Zikra, Co-Founder and CEO of Stella Stays, takes us through the innovative spectrum of his prop- tech company, revealing how it’s revolutionizing modern real estate 20 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
REIMAGINING LIVING Stella Stays’ digital concierge, powered by AI and accessible through an app, epitomizes this innovation. It assists guests throughout their stay, from finding the best dining spots and local paddle tennis events to tracking housekeeping schedules and arranging transportation. Need recommendations for local attractions or help booking a spa day? The digital concierge handles everything, making every aspect of the stay effortless and enjoyable. With 65% of Saudi Arabia’s population under 35, staying competitive means embracing innovation. This tech-savvy generation demands an intuitive, efficient, and enjoyable living experience. Stella Stays’ tech-driven approach not only meets but anticipates these needs. For Stella Stays, technology is not just a tool—it’s the catalyst for a new era in real estate, leading the charge into the future. What’s Trending? The real estate market in Saudi Arabia is undergoing thrilling transformations. Tourism is booming as Saudi Arabia emerges as a significant destination, drawing millions of visitors. Simplified tourist visas have significantly boosted hotel occupancy rates, with Riyadh’s hotels hitting 80% during peak times. The hospitality sector is thriving, meeting the growing demand from both domestic and international tourists. Housing is another critical area of change. With new corporations and headquarters relocating to Riyadh, there’s a massive influx of people into the city. This surge has driven a 25% increase in demand for flexible and short-term rentals over the past year. Vision 2030 is at the core of these changes, aiming to create visionary urban landscapes rather than just building buildings. Ambitious projects like NEOM and the Red Sea Project lead the way, focusing on sustainability and advanced technology and setting new standards for living and working environments. Unlike established cities like New York and London, where most real estate is already developed, Saudi Arabia offers a blank canvas. This environment fosters creativity and growth, making the real estate sector dynamic and full of potential, much like a startup filled with endless possibilities for new infrastructure and reimagined urban spaces. Sustainability In 1987, the United Nations Brundtland Commission defined sustainability as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” This principle is foundational in technology’s transformative role in promoting sustainability in the real estate industry. MOHANNAD ZIKRA, Co-Founder and CEO of Stella Stays CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 21
Technology is pivotal in driving sustainability in real estate, with a focus on long-term solutions. Stella Stays views sustainable living as a necessity rather than a passing trend. Envision efficient and intelligent buildings that adapt seamlessly to their occupants and surroundings. Advanced construction technologies allow for reduced waste, optimized energy usage, and the creation of durable, long-lasting structures. Stella Stays’ smart home technologies ensure each residence operates at peak efficiency, significantly reducing environmental impact. Using data and AI, Stella Stays predicts and meets community needs in real-time, maintaining cutting- edge solutions. Sustainability in real estate is about foresight, imagining a better world, and utilizing technology to bring that vision to life. Stella Stays is not just dedicated to building for both today and future generations, but we are also committed to integrating advanced technologies to create living spaces that ensure current needs while safeguarding future sustainability. With Stella Stays, you can be confident that your living experience is not just comfortable but also sustainable. Innovations At Its Peak Innovation is at the core of Stella Stays. As a startup, we can innovate faster and more effectively than traditional players in the real estate industry. Steve Jobs once said, “Innovation distinguishes between a leader and a follower.” This perfectly captures our approach. The startup mentality at Stella Stays drives the swift development and deployment of cutting-edge solutions. Their proprietary technology optimizes every aspect of the guest experience, from dynamic pricing to seamless digital check-ins. Leveraging AI and data analytics, Stella Stays anticipates guest needs in real time, ensuring exceptional stays. Property design is reimagined with a focus on flexibility and sustainability. Stella Stays’ living spaces are adaptable, incorporating smart home technologies that enhance comfort while minimizing environmental impact. This forward-thinking approach sets new benchmarks in the real estate market. At Stella Stays, innovation isn’t just a part of operations—it’s the driving force behind its vision. Its commitment to continuous evolution and improvement keeps it at the industry’s forefront, delivering unparalleled experiences for guests. Looking Forward Technology will significantly shape the future of the UAE’s real estate sector. Expect widespread adoption of smart home technologies, elevating living standards and operational efficiency. Prop-tech solutions will streamline property management and transactions, making the market more accessible and transparent. With the UAE’s strong emphasis on sustainability, tech innovations promoting green building practices will become increasingly vital. Stella Stays is thrilled to lead these advancements, consistently leveraging technology to redefine the living and hospitality experience. The Future of Real Estate in Saudi Arabia In Saudi Arabia, the future of real estate is about revolutionizing an outdated industry with groundbreaking digital innovation. Imagine AI-driven property management, immersive virtual tours, and smart homes that anticipate your needs. Vision 2030 is the catalyst for this transformation, not just updating old systems but reinventing how people experience real estate from the ground up. According to the World Health Organization, loneliness is rising in today’s hyper-connected world, impacting a significant portion of the global population. Real estate can make a difference by using technology to create vibrant communities, helping residents make new connections and feel empowered. The aim is to use tech to build smarter homes and foster a sense of community and belonging. It’s an exciting era where technology meets real estate, creating smarter, more connected, and more empowering living environments. CBNME PROP-TECH 22 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
Oikos Atelier Dubai The Opus, Tower A, office 1205 Al A’amal St, Business Bay - Dubai T +971 4 589 3332 | M + 971 52 556 7376 atelierdubai@oikos.it | oikos.it Made in Italy Entrances Designed by You
CBNME SUSTAINABILITY A fundamental transformation in the building and construction sector is essential to tackle climate change effectively. This sector significantly contributes to global greenhouse gas emissions and environmental harm. The Global Status Report for Buildings and Construction highlights that 2022 the industry accounted for 37 per cent of global operational energy use and process-related CO2 emissions. To minimise the carbon footprint, adopting sustainable building practices, such as using eco-friendly materials, incorporating energy-efficient designs, and utilising renewable energy sources, is critical. Additionally, upgrading existing structures to adhere to higher environmental standards is imperative. These comprehensive changes are necessary for efforts to combat climate change to succeed. Integrating sustainable landscaping into modern construction projects has become critical in urban planning and development. It goes beyond aesthetic enhancement, including safeguarding the environment, resource efficiency, and socio-economic benefits. As cities expand and new constructions rise, embedding sustainable landscaping practices can significantly mitigate environmental impacts, enhance biodiversity, and foster healthier communities. Moreover, green building practices and eco-friendly techniques have evolved from mere trends to essential components of a sustainable future. In this context, landscaping is a crucial element of sustainable architecture and construction, GREEN INTEGRATION Dr Hassam Chaudhry, Associate Professor at Heriot-Watt University Dubai, creatively integrates sustainable landscaping into modern construction projects, merging ecological practices with contemporary design… DR HASSAM CHAUDHRY, Associate Professor at Heriot-Watt University Dubai 24 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
offering benefits extending beyond visual appeal. Thoughtfully designed landscapes can enhance energy efficiency, support biodiversity, provide vital ecosystem services, and promote community well-being. Integrating sustainable landscaping into architectural projects can significantly improve energy efficiency. For instance, strategically planting trees and shrubs can provide natural cooling through shade, reducing the need for air conditioning in warmer months. In colder climates, vegetation-generated windbreaks can help lower heating costs by shielding buildings from harsh winds. Biodiversity is another critical benefit of sustainable landscaping. Landscapes can support a wide range of wildlife, including pollinators such as bees and butterflies, by incorporating native plants and creating diverse habitats. This not only contributes to the health of local ecosystems but also ensures the resilience of the landscape itself. Moreover, sustainable landscapes provide essential ecosystem services, such as water filtration, carbon sequestration, and soil stabilisation. These natural processes help maintain environmental health and mitigate the impacts of climate change. Well- designed landscapes and green spaces can enhance community well-being, offer recreational opportunities, improve air quality, and create a sense of place and connection among residents. Green infrastructure is crucial for sustainable landscaping in building design. It involves creating natural systems and structures, such as rain gardens, to capture and filter stormwater runoff. In the UAE, green roofs and walls help reduce energy consumption and mitigate intense heat in buildings. For instance, the Sustainable City in Dubai incorporates green infrastructure by using bioswales to manage stormwater and promote biodiversity. Furthermore, the Masdar City project in Abu Dhabi integrates green roofs and shaded walkways, providing cooling effects and improving the overall comfort for residents and visitors. Additionally, green infrastructure can significantly reduce the city’s urban heat by offering shade and cooling the surrounding air. This cooling enhances the physical comfort of people in these areas and benefits local wildlife and the broader environment. For instance, parks and green spaces in Dubai, such as the Al Barari community, utilise extensive vegetation and water features to create cooler microclimates, making urban areas more livable and environmentally friendly. To effectively implement sustainable landscape design, it is crucial to do a thorough site analysis to understand the landscape’s unique conditions, such as soil type, topography, climate, and existing vegetation. This information is crucial for selecting appropriate plants and placing landscape features effectively. Next, integrate sustainable design elements into the overall landscape plan. Moreover, engage local communities, landscape architects, and environmental experts to ensure the design aligns with ecological standards and community needs. This collaborative approach fosters a sense of ownership and responsibility for landscape maintenance. Establishing a maintenance plan focused on regular monitoring and adaptive management is also essential, as well as using organic fertilisers and pest control methods to maintain ecological balance. Landscapes connect people with nature, providing spaces for leisure and community activities. It’s essential to ensure they protect local ecology and biodiversity and are integral to sustainable living. Educators play a crucial role in raising awareness about the environmental benefits of well- designed landscapes. For instance, educational institutions can incorporate courses on ecological landscaping, urban planning, and environmental science, emphasising the need to integrate natural systems into urban development. This education can foster a new generation of landscape architects, urban planners, and ecological scientists prioritising sustainability. Furthermore, universities can act as living laboratories by implementing sustainable campus landscape practices. Collaborative projects between educational institutions and local governments or organisations can also drive community-wide initiatives for sustainable landscaping. By integrating educational insights and community engagement, landscapes can be transformed into multifunctional spaces supporting human activity and ecological health, ultimately contributing to a more sustainable future. GREEN INTEGRATION CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 25
CBNME COVER STORY Stuart Pierpoint, Specification Sales Manager for the Middle East at MSA Safety, and Vibha Mehta discuss the critical role of innovative safety products in fortifying facility infrastructures GUARDIANS OF PROTECTION 26 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
GUARDIANS OF PROTECTION STUART PIERPOINT, Specification Sales Manager for the Middle East at MSA Safety S tuart Pierpoint’s primary responsibility at MSA Safety is collaborating with architects, simplifying the intricacies of working at height and enhancing safety protocols. Recognising that architects and specifiers juggle numerous considerations, Stuart focuses on making fall protection more straightforward and accessible. With safety and best practices for working at heights increasingly critical, Stuart envisions a future where the industry significantly raises awareness about fall protection specifications. He aims to ensure architects and specifiers have immediate access to essential information, streamlining the process to make it safer, simpler, and more effective. The design has an essential influence on worker safety. What measures should be considered throughout the design phase, and how significant are they? Falls from height are still one of the construction industry’s biggest killers. The design stage can be crucial—considering safety from the very outset means we are literally designing in safety rather than making these features an afterthought. Getting the specifications early on will help enable the fall protection measures and systems to provide the appropriate level of safety for each structure. There are a few key considerations: • The fall protection hierarchy eliminates the risk, guards the hazard, and protects the person. • System choice: fall restraint vs fall arrest. • Working at height regulations: ensuring all systems are tested to the latest standards. CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 27
However, it’s not just about the architect’s initial design choices. We have sometimes seen a well-thought-out specification at the front end, but then the system gets downgraded as we move through to construction and maintenance. So, as well as educating architects and specifiers, consider involving all stakeholders to encourage the appropriate levels of safety to be adhered to. Of course, from an architect’s perspective, there is also a huge aesthetic benefit—nobody wants a beautiful building with an obtrusive safety system. Considering full fall protection from the design phase can give a more positive outcome that extends beyond safety. When and why should fall protection be considered in the design phase? Always - because we can help keep workers safe and allow architects to achieve their vision. Fall protection needs to be considered every time there is a potential for working at height. And this doesn’t just mean working on a roof. You can be working at height when you are standing on the floor, working over a pit, or working in a bunker. It’s all about identifying hazards, doing a risk assessment on their significance, and considering what control measures can be implemented. Could you tell us more about the significance of the Building Safety Act (2022)? The Building Safety Act (2022) is an important piece of legislation for the construction industry. Principal Designers (architects) are responsible for being a ‘guiding hand’ through the design and construction of all buildings. As such, they have a significant role in ensuring robust fall protection in building design. The Act is still relatively new, and the industry is working on how to understand and interpret what it needs to do differently. From an MSA Safety standpoint, we talk about the ‘golden thread of information’, so we are trying to help and support architects and designers in embracing the new legislation—be that data sheets, literature, specification support, or just being their guiding hand through the process to help them stay compliant. How crucial is it to utilise fall protection systems in the Middle East? Construction is booming in the Middle East. We are in a phase where there is a lot of activity in the region, and with that comes an increased focus on safety systems. I think the culture of safety here is different, but standards are growing day by day. There are a lot of international architects bringing safety influences in, and that naturally has a positive impact, helping with specification and improving product certifications. At MSA Safety, we are living out our mission statement to enable men and women to work safely worldwide. So, in the Middle East, we CBNME COVER STORY 28 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
educate, advise, support, and help architects so they can specify the fall protection systems they consider correct and appropriate. What are some of the challenges architects face today when specifying fall protection? This is an interesting one— architects have a big balancing act to do: designing structures that look great, managing budgets, and understanding all the latest safety regulations. When it comes to fall protection, there is a huge amount of information out there, and it can be conflicting. Many architects turn to partners they can trust to give helpful advice on selecting the appropriate product or products at the right time. It all comes down to increased awareness of what is important when it comes to safety and fall protection—and so we are working with architects in the region to help, to be their trusted advisor, and, ultimately, to help keep people safe while they work at height. What are some of the most important considerations when specifying fall protection? You need to consider the legal requirements and get a clear picture of what is appropriate in each instance. This includes things like frequency of use, the structure and substrate, and understanding the training level and competency of people likely to be using the systems. Specifiers should also consider the hierarchy of fall protection to determine what type of protection is needed and ensure that any systems chosen are tested to the latest standards and regulations. GUARDIANS OF PROTECTION
What are the current regulations and test standards that Middle East architects need to know? Currently, there are no specific Middle East regulations in place. However, the region tends to follow EN (European) or ANSI (US) standards. Some major international organisations are setting minimum requirements based on these. It’s reassuring that there is a focus on improving safety standards, and I suspect that, going forward, some specific Middle East variations will develop. MSA Safety systems are typically tested to all of the significant global regulations. The world of test standards is an ever-changing landscape, and if specific testing regulations change or evolve, MSA Safety will be at the forefront of testing to provide full compliance options for architects. In what ways is MSA Safety’s system different from others in the field? One thing that we focus on is ‘representative testing’— testing systems on the individual substrates they will be used on, so we can understand how a product reacts and conforms to different roof types and conditions. CBNME COVER STORY 30 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
MSA Safety was also the first to develop the energy-absorbing technology that is fundamental to its fall protection systems, which means that when a fall occurs, the load is spread to reduce the impact on both the roof structure and the person falling. How can innovation be helpful when it comes to fall protection? When it comes to architects and fall protection, there is a real struggle between innovation and risk, as they do not want to use untested products. So, for us, innovation is about continuous development to meet evolving needs, embracing technology, and always improving on what we have. MSA Safety has an extended team of New Product Development engineers who consistently look to improve products. It’s a continuous cycle of innovation and improvement. How have fall protection systems developed and changed throughout time? For me, this goes back to the growing importance of working at heights. The best practice requirements for safety have never been more significant; demand is increasing, construction is booming, and systems have had to develop and evolve. Sustainability has also become more focused, and building materials are constantly changing. For example, we are now seeing systems being bolted to lightweight structures rather than just concrete. And finally, how do you envisage fall protection systems evolving over the next five years? We’ve seen how fall protection has evolved over the last 5 to 10 years, and I suspect that change will continue at this fast pace. Technological developments will continue to come in, and as the culture of safety develops in different regions, requirements could change, and building design trends will evolve. It’s an exciting time and an exciting industry to be involved in. Safety will remain at the heart of everything, and MSA Safety’s focus will continue to be helping workers return home safely to their family’s day after day. GUARDIANS OF PROTECTION CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 31
CBNME REAL ESTATE Fibha Ahmed, Vice President of Property Sales at Bayut & dubizzle, reveals the future of UAE’s real estate landscape TECHMEETS PROPERTY F ibha Ahmed’s exceptional leadership drives sales and revenue growth through strategic client management, effective team leadership, and a relentless focus on continuous learning and development. Her ability to nurture existing relationships and forge new partnerships propels Bayut & dubizzle towards sustained success and prominence in the property market, inspiring others to follow in her footsteps. Leading a dynamic team of nearly 100 sales representatives across the Emirates, her responsibilities span business development and account management to meet ambitious sales targets. This involves ensuring 32 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
smooth day-to-day operations while fostering a culture of healthy competition, excellence, teamwork, and innovation. She is deeply committed to her staff’s continuous training and development, equipping them with the necessary skills and knowledge to excel. By facilitating ongoing learning opportunities and fostering a deep understanding of key sales concepts and growth strategies, she empowers her team to adapt to the evolving real estate landscape. Additionally, she prioritises staff retention by creating a supportive and engaging work environment where individuals feel valued and motivated to contribute their best. Current Market in the UAE The UAE real estate market is buzzing with activity in both sales and rentals. Dubai, in particular, has seen a surge in demand, driven by international interest. This surge is further bolstered by government initiatives such as [specific initiative], which has [specific impact]. These initiatives are part of a broader strategy to attract and retain top talent through progressive visa policies and enhanced business conditions, which are also driving the growth of the real estate market. However, the current supply shortage, particularly in Dubai, is a notable challenge. This shortage has led to [specific impact], which is expected to balance out with a focus on off-plan and new project launches. This suggests that the market will soon achieve a better supply-demand equilibrium. The future looks promising as these new developments aim to meet the rising demand, ensuring a vibrant and balanced market. Interestingly, there has been a notable shift in consumer behaviour, with increased interest in the mid- tier segment of the market. “We have seen areas like JVC, Mudon and DIP grow tremendously, with sales volume over 50% in the last 12 months alone. This suggests a trend of people transitioning from renters to homeowners, reflecting a growing sense of stability and confidence in the market,” shares Fibha Ahmed, Vice President of Property Sales at Bayut & dubizzle. Additionally, the luxury and branded residences sector has recently seen a dramatic rise in popularity. This sector is particularly strong in Dubai, which has become a hotspot for high-value real estate transactions. Properties priced over $10 million are experiencing significant demand, with a [specific percentage] increase in sales volume. This trend has positioned Dubai ahead of global cities like London, New York, and Hong Kong in luxury real estate transactions, as noted by real estate consultancies such as JLL and Knight Frank. The UAE’s real estate market is a dynamic landscape, propelled by government initiatives, shifting consumer preferences, and increasing international interest. Despite specific challenges, the market remains vibrant and promising for investors and homeowners. The ongoing developments and strategic efforts ensure a bright and prosperous future for the UAE’s real estate landscape, instilling a sense of optimism and confidence in the audience. Challenges and Sales Prices The property sales industry faces several key challenges, including a shortage of skilled talent, fierce competition for recruitment and retention, and consistently maintaining high staff morale. Addressing these obstacles requires effective recruitment strategies, compelling retention incentives, and cultivating a positive work environment. Bayut’s Q1 2024 report highlights a 7% increase in sales prices in prominent TECH MEETS PROPERTY FIBHA AHMED, Vice President of Property Sales at Bayut & dubizzle CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 33
CBNME REAL ESTATE neighbourhoods. This trend stems from several factors. “Firstly, there’s a growing emphasis on location and access to amenities in integrated communities. Additionally, the potential for great ROI and capital gains over time incentivises investment. With more people viewing Dubai as a long-term residence, the shift from renting to homeownership is evident,” adds Fibha. Moreover, the limited inventory in established communities keeps prices high, reflecting the sustained demand for property in the UAE. Technology & Innovation Bayut is committed to leveraging technology and innovation to drive sales performance and uncover new opportunities. Fibha explains, “Our approach towards achieving this is multifaceted, beginning with our dedicated Business Intelligence (BI) and analytics team. This team serves as the cornerstone of our strategy, continuously monitoring trends and patterns within sales activity and productivity. We gain invaluable insights into client performance and market dynamics by actively utilising BI tools, empowering us to make informed decisions at individual and group levels.” Additionally, Bayut proactively shares data-rich insights and market trends with clients, helping them understand their competitive position in the evolving industry. This empowers clients to make smarter decisions and capitalise on growth opportunities. Bayut also focuses on optimising account growth through regular, insights-based client interactions. This approach helps maintain strong relationships and identify new avenues for growth. Integrating technological tools on their website, such as TruCheck for authentication and BayutGPT, the world’s first AI-powered property search assistant, enhances client engagement with the dynamic property market. “By leveraging these resources, whether it is TruCheck, our bespoke authentication solution, or BayutGPT, the world’s first AI-powered property search assistant, we not only add value to our client’s businesses but also enhance their ability to stand out and seize ample market share,” adds Fibha. Bayut’s strategy is firmly rooted in the fusion of technology, data, and client- centricity, enabling it to stay ahead in a rapidly evolving landscape and drive tangible results. This emphasis on technology and innovation reassures the audience about Bayut’s adaptability and future success, fostering a sense of trust and confidence. Market Trends Significant market trends are expected in the UAE over the next 3-5 years. Engagement with AI-powered tools like Bayut GPT will increase, offering more profound insights into client preferences beyond traditional filters. Data-driven decision-making is becoming more prevalent among end-users and investors, as evidenced by the growing interest in the Dubai transaction section, which helps keep track of actual market trends. Supply and demand dynamics are anticipated to stabilise, providing a clearer view of a steady market within the next 3-4 years. As urban sprawl continues, there’s also a growing focus on suburban and well- integrated areas. Communities that promote sustainable, active lifestyles with ample green spaces are becoming more popular, reflecting a collective emphasis on holistic well-being. “In essence, the UAE market is evolving towards tech-driven insights, sustainable living, and a balanced urban landscape, shaping a dynamic and forward-looking real estate landscape,” comments Fibha. Future Vision Bayut & dubizzle’s property sales department has set ambitious yet achievable goals for the future.They also strive to deepen engagement with their diverse user base, addressing local challenges through innovative, technology-driven solutions across both B2B and B2C sectors. Through these initiatives, they aspire not only to meet but exceed expectations, driving unprecedented success and growth in the property sales domain. “We aim to integrate AI-based tools to bolster sales efficiency and effectiveness. Additionally, we’re focused on nurturing a core team of adept sales leaders, fortifying our market position through robust partner relationships,” concludes Fibha. 34 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
INNOVATION IN FACILITIES MANAGEMENT 2024 AWARDS SEPTEMBER 12TH | AL HABTOOR CITY NOMINATE NOW THE AWARDS AIM TO ACKNOWLEDGE ACCOMPLISHMENTS IN PROJECTS, TECHNOLOGY, INNOVATION, AND INDIVIDUAL EXCELLENCE AS WELL AS CORPORATE STRENGTHS IN THE FM BUSINESS. FOR EDITORIAL VIBHA MEHTA +971 58 6314145 vibha@bncpublishing.net FOR SPONSORSHIP OPPORTUNITIES ALEX BROWN +971 56 308 2946 alex@bncpublishing.net JOAQUIM D’COSTA +971 50 440 2706 jo@bncpublishing.net Gold Partners
CBNME MEP POWERLIST 2024 I n the CBNME MEP Powerlist 2024, we celebrate the trailblazers of the Mechanical, Electrical, and Plumbing (MEP) industry, applauding their remarkable contributions and groundbreaking innovations. These industry titans are hailed for their unwavering commitment to excellence, setting new standards in efficiency, sustainability, and safety. Their visionary leadership and expertise fuel the development of state-of-the-art technologies and best practices that transform our built environment. The MEP Powerlist 2024 goes beyond mere recognition; it is a salute to their relentless pursuit of perfection and their pivotal role in propelling the industry to unprecedented heights. Join us in honoring these extraordinary leaders who are shaping the future, one visionary project at a time. Words by: Vibha Mehta EXPLORING THE TOP GIANTS IN THE INDUSTRY 36 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
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CBNME MEP POWER LIST 2024 KHALED SHARBATLY #1 Managing Director | INNOVO CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY 38 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
KHALED SHARBATLY - INNOVO I nnovo is redefining the MEP (Mechanical, Electrical, and Plumbing) industry, blending a rich legacy with cutting-edge innovation to establish itself as a global leader. Rooted in the ASGC Group, Innovo has evolved into a pioneering force in the MEP sector, pushing the boundaries of engineering excellence, sustainability, and technological integration. At the heart of Innovo’s success is its commitment to revolutionizing MEP services by introducing MEP 2.0. This advanced approach leverages the latest technology and sustainability practices, offering comprehensive electro-mechanical solutions encompassing ICT, data centre services, and more. By integrating Building Information Modeling (BIM), Trimble 3D Laser Scanning, Virtual Reality/Augmented Reality, and HoloBuilder technologies, Innovo ensures unparalleled project efficiency and performance. Their expertise spans HVAC, electrical systems, plumbing, drainage, and fire protection, providing a holistic and robust approach to MEP services. Innovo’s portfolio is a testament to their capability and expertise, with an array of high-profile projects highlighting their prowess. Among these are the Six Senses on Palm Jumeirah, a LEED-certified luxury hotel and residences; the Louvre Residences in Abu Dhabi, residential buildings seamlessly connected to the renowned Louvre Museum; and the St. Regis Residences in Dubai, a stunning twin-tower residential complex. Innovo’s work on the Saadiyat Lagoons, a series of sustainable residential villas in Abu Dhabi, and the SeaWorld Abu Dhabi, the world’s largest marine life theme park, further underscore their ability to deliver ambitious, large-scale projects. Technological integration is at the core of Innovo’s operations. They utilize digital twins, AI-powered project monitoring, and IoT-connected sensors to ensure precise project management and risk mitigation. This technological edge enhances project delivery and contributes to energy efficiency and sustainability. Their initiatives include implementing on- grid and off-grid photovoltaic systems, modular green hydrogen generation plants, and sophisticated energy management systems, all designed to reduce carbon footprints and promote environmental stewardship. Sustainability is woven into the fabric of Innovo’s mission. Their robust ESG (Environmental, Social, and Governance) strategy aligns with the United Nations Sustainable Development Goals, reflecting a deep commitment to reducing environmental impact. Innovo actively engages in sustainable procurement, waste reduction, and recycling, ensuring that their projects are high-performing and environmentally responsible. Their participation in the United Nations Race to Zero Campaign and the achievement of numerous LEED certifications testify to their dedication to sustainability. Innovo’s excellence has not gone unnoticed. They have been honoured with several prestigious awards, including MEP Contractor of the Year in 2023 and 2024, recognizing their significant contributions to the construction industry and their innovative use of technology. Their MEP BIM team was also celebrated as the BIM Team of the Year in 2023, highlighting their outstanding achievements in digital construction. These awards testify to Innovo’s expertise and industry standing, giving you confidence in their capabilities. With a global presence that spans over 100 ongoing projects across four continents, Innovo continues to expand its footprint and influence. Their diverse portfolio includes significant developments in the UAE, UK, Egypt, and Canada, reflecting their ability to adapt and thrive in different markets. Innovo’s future goals are centred around advancing its technological capabilities, enhancing sustainability efforts, and maintaining its reputation for delivering high-quality, complex projects on time and within budget. This global reach and forward-thinking approach ensure that Innovo is a stable and promising partner for your MEP needs. In conclusion, Innovo stands as a beacon of innovation and excellence in the MEP industry. Their blend of technological integration, sustainability, and engineering expertise ensures they remain at the cutting edge of the industry, setting new standards and transforming communities globally. Innovo’s unwavering commitment to quality, client satisfaction, and sustainable development makes it a leader in the field, shaping the future of MEP services and beyond. You can trust that with Innovo, your needs and satisfaction are always at the forefront. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 39
CBNME CBNME MEP POWERLIST NATHAN HANNS Managing Director | ALEMCO 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #2 MEP POWER LIST 2024 40 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
NATHAN HANNS - ALEMCO W ith an impressive track record of over 23 years and having led the delivery of numerous high-profile projects in the region, Nathan is a pillar of the regional MEP industry. Throughout his illustrious career, he has consistently demonstrated exceptional leadership skills, leading high-performance teams to achieve remarkable results. Nathan’s expertise is not just about driving efficiency and productivity improvements, but also about his unwavering commitment to service excellence. His outstanding client-facing abilities and configuration skills reflect this dedication, reassuring our partners of the quality they can expect. One of Nathan’s standout strengths is his ability to nurture and grow businesses. He excels in evaluating opportunities and risks, and his knack for delivering innovative solutions to challenges has been a cornerstone of his success. Under Nathan’s leadership, ALEMCO has not only begun to pioneer modular MEP in the Middle East, but also become the MEP partner of choice for large-scale luxury hospitality projects being developed in remote locations across Saudi Arabia. This inspiring initiative aligns with the company’s focus on expanding its footprint and business in the kingdom, setting a new standard in the industry. ALEMCO is also mindful of its construction activities’ impact on the environment and natural resources. Under Nathan’s guidance, the company has developed an Environmental, Social and Governance (ESG) framework, a testament to his commitment to sustainability and strategic thinking. Based on this framework and the company’s revised sustainability reporting structure, ALEMCO has developed a robust carbon baseline across its operations and projects and reported on these in the ALEC Group’s first ESG report, published late last year. CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 41
CBNME SRINIVAS REDDY MUNNANGI #3 A ECOM’s multi-award-winning MEP team has been active in the Middle East since 1948. Since then, the team has had a significant impact as they deliver some of the region’s most transformative projects. The team is mainly situated in Abu Dhabi and has extensive expertise in providing practical and technically superior MEP solutions, especially for intricate challenges. The team is led by Operations Director, Reid Donovan and Technical Directors, Jonathan Roberts and Srinivas Reddy. The team has a strong pool of Associates and Senior Associate Directors who have built their careers with AECOM. The team comprises dynamic building services engineers and specialists in sustainability, acoustics, fire life safety and digital design. Supporting all of AECOM’s building services projects, these specialists provide a comprehensive mechanical, electrical engineering, public health and specialist design consultancy service. The team’s key projects include a confidential hotel and residences in the UAE and two confidential projects in Saudi Arabia: a mixed-use development and a high- end retail facility. Both these developments are set to transform the Kingdom’s leisure and tourism offerings. AECOM provides full design services for all these large-scale projects from the concept stage through construction. Technical Director - Building Services | AECOM CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY MEP POWER LIST 2024 42 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
REID DONOVAN - AECOM The team now comprises over 150 members, each bringing their unique perspectives and experiences. Supported by AECOM’s Enterprise Capability team, diversity and inclusion are not just buzzwords; they’re at the heart of our hiring agenda. The team is actively working to increase female talent, with the current team standing at 10% female. Specific mentoring programs have been established to identify high potential female talent for senior positions, and the graduate program has attracted more women, year-on-year. This year has seen a further intake of building services graduates, ensuring many of these are local to the UAE. AECOM is showing young Emirati graduates the benefits of working in the private sector, offering them exposure to international projects and a wealth of dedicated and diverse opportunities. Several of the past graduates have been promoted to fully-fledged engineers this year. The caliber of talent in our team is not just a claim, it’s proven by industry contributions and awards received over the last few years. For example, Mostafa AboElkheir recently won Mechanical Engineer of the Year at CBNME’s MEP Awards 2024. This achievement is not just a one-time success; it’s the second year running for AECOM staff as last year Rime Harajly, who began her career with AECOM as a graduate, received Mechanical Engineer of the Year. Rime was recently promoted to an Associate, making her the youngest Associate in the buildings services department. Looking at junior talent, Alya Alhosani, a Graduate Electrical Engineer, recently won a NAFIS Award in the engineering category for her contribution to the industry in her home country of the UAE. Many team members are focused on supporting the improvement of the industry and have been long-standing members of CIBSE. Last year, Reid Donovan received a CIBSE bronze medal for his 30 years of service to improving the building services engineering industry. He also played an active part in setting up the CIBSE UAE Chapter in 2014 and previously chaired the committee. Reid still plays a vital role on the committee, mentoring candidates through MCIBSE/CEng applications. Within AECOM, he is leading a scheme to mentor team members, and currently, a high percentage are either already chartered or nearing achievement. Our Director of Innovation and ESG, Farah Naz, has also played a pivotal role in championing CIBSE as a past Chair. Now in its third year, AECOM’s Sustainable Legacies strategy is not just a strategy, it’s a commitment. It’s changing how the team does business, listening to clients and communities to offer end-to-end support that delivers lasting change. AECOM’s place as an ESG leader in the region is not just a title, it’s a responsibility, proved by their recognition at the ME Sustainability Innovation Awards, as the Green Consultant of the Year for the second year running. In keeping with the philosophy of the circular economy, AECOM focuses on reducing the consumption of primary resources by designing optimized buildings that result in reduced energy and water usage. AECOM designs include analysis of technologies, controls, on- site generation and water reuse on a project-by-project basis. In keeping with this approach, AECOM implements design solutions to capture waste energy to be utilized to serve other processes within the building. Named as one of the top MEP Consultancies in 2023, as well as achieving the highly commended MEP Consultancy in CBNME’s MEP Awards 2024, AECOM’s highly experienced team works to design with purpose, digitization and innovation. The team has proven it’s a force of technical excellence to be reckoned with as they not only deliver exceptional work, but they strive to contribute to its development. Reid with fellow MEP leads, Jonathan Roberts, Technical Director – Building Services and Srinivas Reddy Munnangi, Technical Director – Building Services WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 43
O c t o b e r 2 1 | 2 0 2 4 VENUE | RIYADH Gold Partner SAUDI 2024 C o n s t r u c t i o n I n n o v a t i o n S U M M I T FACEBOOK.COM/CBNME @CBNME CONSTRUCTION BUSINESS NEWS ME WWW.CBNME.COM
RYAN EMSLEY - KHANSAHEB CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #4 RYAN EMSLEY K hansaheb Civil Engineering’s MEP Division, established in 1935, is a leading contractor in the UAE, renowned for its exceptional reputation in Mechanical, Electrical, and Plumbing installation works. The division excels in delivering complex projects across various sectors, including retail, residential, commercial, and hospitality. With a successful, on-time, and budget-conscious project delivery history, they have cemented their status as a reliable and quality-focused contractor. Their impressive portfolio showcases expertise and commitment to excellence. Notable completed projects include Expo – Thematic Infills, Bulgari Residences Marina Lofts, Bab Al Shams Desert Resort, Dorchester Hotel and Residences, and refurbishing office tower lobbies at Jumeirah Emirates Towers. They have also successfully delivered upgrades at Dubai Mall Lower Ground Floor and Atria, meeting rooms at Dubai Exhibition Centre, Hyde Hotel Business Bay, Heriot- Watt University Fit-Out, and high-end residential villas. Current projects include refurbishments at Delano/ Banyan Tree on Bluewaters, chalet development at Bab Al Shams Desert Resort, and high-end residential developments on Palm Jumeirah. Khansaheb aims to expand its reputation by taking on larger and more complex projects while continuing to secure and deliver projects in its existing portfolio. Recognizing the shortage of MEP contractors in the market, it plans to increase its turnover and market share. Technologically, the division embraces digital construction, adopting advanced software for AI data visualization, automated site processes, and cloud computing. Ryan Emsley, General Manager of the MEP Division at Khansaheb Civil Engineering, is excited about the robust pipeline of projects for 2024, featuring a balanced mix of trusted repeat clients and new ones. Their steadfast dedication to health and safety, uncompromising quality, and punctual delivery remain the cornerstone of their success. As they push the boundaries with cutting-edge digitization, they are not just embracing the future but shaping it. The promising opportunities with critical clients give them great optimism for the future. Additionally, they are distinguished for their rigorous health and safety standards, having achieved over 12 million person-hours without a Lost Time Injury (LTI) as of June 2024. The company’s ‘Aim to be Accident- Free’ program is a cornerstone of its HSE strategy, demonstrating its unwavering commitment to safety and quality. Khansaheb integrates the latest innovations and best practices into its operations. The early adoption of cloud and mobile technology has allowed them to maintain efficiency and accuracy across all processes. This digital transformation has streamlined support services and significantly enhanced project delivery. Khansaheb continues to lead the industry with its commitment to excellence, innovative approach, and dedication to safety, positioning itself as a critical player in the MEP sector in the UAE. General Manager of MEP Division | KHANSAHEB CIVIL ENGINEERING WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 45
CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #5 YU TAO W ith over 20 years of extensive international experience in corporate affairs and construction project management, Yu currently serves as the President & CEO of CSCEC ME, overseeing the company’s regional operations in the GCC and beyond. Under Yu’s transformative leadership, CSCEC ME has evolved from a traditional building contractor into a prestigious, respected, and comprehensive total solution provider across the Middle East, a journey that inspires growth and potential. Mr. Yu has spearheaded the diversification of CSCEC ME, expanding its services from conventional building projects to offering a full spectrum of solutions, including Contracting, Design and Build, and Project Financing. The company’s expertise now spans Building and Infrastructure, MEP, Steelwork, Industrial, Oil and Gas, and Rail projects, catering to diverse construction industry sectors. CSCEC ME is committed to delivering professional MEP services using the latest technologies and methods. Recognizing the increasing complexity of MEP systems in estimation, design, planning, and delivery, the company prioritizes continuous competency development in technology and project management. CSCEC ME prides itself on its rich cultural diversity, attracting talent from around the globe. With 18 nationalities represented within the organization, the company’s ongoing investment in HR development fosters a sense of inclusion and belonging, benefiting clients, employees, and society at large. To ensure the highest quality and safety standards, CSCEC ME closely monitors its management systems, ensuring compliance with corporate and legal requirements set by relevant authorities. This meticulous approach underscores its unwavering commitment to excellence and integrity in all its projects, providing its clients and stakeholders with the assurance of reliability and professionalism. President and CEO | CSCEC ME CBNME MEP POWER LIST 2024 46 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
MOHAMAD BALLOUT KEO: Leading the Way in MEP Consulting KEO, an independent, multi-disciplinary firm with over 60 years of trusted service, is renowned for its engineering excellence. Mohamad Ballout leads KEO’s MEP team, which includes approximately 90 dedicated MEP professionals supported by over 230 personnel from the more comprehensive design division. The team is committed to helping clients turn inspiration into realization. Key Achievements in the Last 12 Months Over the past year, KEO has expanded globally, opening new offices in Amman, Jordan, and Lisbon, Portugal, enhancing its presence in the European market. In Saudi Arabia, KEO achieved a 40% increase in revenues and staff, securing numerous contracts for major projects such as Rua Madina, Murabba, NEOM, Qiddiyah, Diriyah Gate Development, and Roshn. Industry recognition includes rankings as the #1 Firm in the Middle East by Building Design WA 100 2024 list for the fourth consecutive year and appearing in ENRs top 225 International Design Firms rankings for the past 20 years. KEO’s award-winning MEP projects have been recognized for various achievements, including Project of the Year at the CBNME MEP Awards and Sustainable Mixed Use Development Project of the Year for our work on the Red Sea Destination. This year, our team have been recognized as leaders in the industry through awards in categories such as Executive of the Year and Electrical and Plumbing Engineers of the Year, and MEP publications consistently rank us as one of the top MEP Consultants in the region. Additionally, KEO has launched the KEO Academy, a rotational development program for GCC nationals that emphasizes training and mentoring in various specializations. Major MEP Projects KEO has delivered several notable projects over the past year, showcasing our expertise in high-quality, complex MEP projects across the region. These include the Seven Stars REDSEA Resort - The Cove in Saudi Arabia, featuring MEP design for a luxury resort; the Five Stars REDSEA Resort - The Tail Mersa in Saudi Arabia, with MEP design for luxury guest rooms and amenities; and the DAMAC Bay 1 project in Dubai, comprising MEP design for three high-rise residential towers. Outlook for 2024 Looking ahead, KEO’s MEP team will embrace sustainability by integrating green technologies and practices such as digital twins and energy-efficient designs into projects. The firm will continue leading in digital transformation by investing in cutting-edge tools, software, and techniques. Where tools do not exist, we will continue building in-house applications that meet the industry’s needs. The MEP team is scheduled to grow by approximately 15% in 2024. The KEO Academy, mentorship programs, external training certifications, and professional development opportunities will support talent acquisition and development. Through thought leadership initiatives, KEO’s MEP team will maintain its commitment to excellence, innovation, sustainability, and collaboration, driving progress and resilience in the MEP consulting sector. CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #6 Director of MEP Engineering | KEO INTERNATIONAL CONSULTANTS MOHAMAD BALLOUT - KEO WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 47
CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #7 SALMAN ABDULAZIZ ALHAJAJ A bdulaziz Alhajaj Contracting, founded in 1978, has built a strong reputation in Saudi Arabia’s construction and telecommunications sectors. Our track record speaks for itself. We are known for delivering high- quality construction and MEP services, contributing to many landmark projects. Over our 44-year history, we have achieved top ranking in municipality classification for contracting, constructed 137 ministry offices, 37 shopping malls, and 13 schools and colleges, built 1,300 Telecom GSM sites, and laid a 9,700km underground fibre optics network. With ongoing projects worth over 1.3 billion SAR with the Ministry of Interior (MOI), the company completed six construction projects for the MOI in 2022 and is currently designing and constructing 12 warehouses for the Royal Commission in Jeddah City. Remarkably, we have achieved zero safety incidents in the past ten years. Looking ahead, Alhajaj aims to become the leading contractor in Saudi Arabia in market share and profitability, develop new technologies and innovative solutions for construction and telecommunications, enhance sustainability by using eco-friendly materials and practices, and most importantly, create a more diverse and inclusive workplace where everyone’s contributions are valued and respected. In 2024, Alhajaj has made significant strides in its MEP projects. The Riyadh Metro Electrical Systems Upgrade involves upgrading electrical systems for several metro stations to enhance safety and reliability, with the project being completed at 60% and featuring advanced control systems and high-efficiency lighting solutions. The Al Faisaliah Mall Plumbing Renovation aims to renovate the plumbing infrastructure to support increased capacity and water conservation, with the project 50% completed and incorporating smart water management systems and eco-friendly fixtures. The Jeddah Commercial Complex MEP Installation involves comprehensive MEP installation for a new commercial complex, currently 40% completed, focusing on coordinating multi-discipline MEP services to ensure seamless operation and maintenance. Notable completed MEP projects include the Princess Noura University MEP Services, which involved complete MEP design and installation for one of the largest women’s universities in the world, completed in 2022, and the King Abdullah Financial District (KAFD) MEP Systems, which involved developing MEP systems for multiple high-rise buildings within the district, completed in 2020, integrating cutting-edge technologies to create efficient and reliable building services. Abdulaziz Alhajaj Contracting continues to set industry standards with its unwavering commitment to quality, safety, and innovation. This commitment is what has positioned us as a leader in the Saudi construction and MEP sectors, and it’s what gives our clients, partners, and investors the confidence and reassurance they need in our capabilities. Chief Operating Officer | ABDULAZIZ ALHAJAJ CONTRACTING CBNME MEP POWER LIST 2024 MEP POWER LIST 2024 48 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
MOHAMAD BALLOUT IMRAN SHAIKH R amboll, a leading global engineering and consultancy firm, stands out for its unique approach to sustainable solutions, financial success, and innovative project management. In 2023, the company’s revenue reached 2.3 billion euros, and it earned a client satisfaction rating of 4.5 out of 5, consistently surpassing global financial goals and client expectations. Ramboll’s strategic focus is on reducing embodied carbon, integrating digital tools, fostering diversity, and advancing health and safety initiatives. Ramboll’s commitment to high design, safety, and sustainability standards is not just a claim, but a reality demonstrated through the delivery of iconic projects worldwide. The firm’s dedication to excellence is evident in significant projects like Al Rayaan Stadium and Jumeirah Gate Hotel, which have become symbols of Ramboll’s engineering and sustainability expertise, reflecting its commitment to creating innovative and environmentally responsible solutions. Key areas of focus for Ramboll include reducing embodied carbon in projects, integrating advanced digital tools to enhance project efficiency, and promoting workforce diversity. The company also prioritizes health and safety, ensuring that its projects meet the highest standards in these critical areas. In the Middle East, Ramboll specializes in building services, structural engineering, and specialist services. Ramboll delivers enduring structures, resource-efficient solutions, and socially cohesive communities through its unique combination of technical excellence and socio-economic insights. The firm’s impressive repertoire of projects is a testament to its team’s imagination and ambition, with many designs becoming impactful landmarks. Ramboll’s investment in cutting-edge technologies ensures the team remains competitive and at the forefront of the industry. Its focus on sustainability and energy efficiency aligns with Ramboll’s ‘Partner for Sustainable Change’ strategy, reflecting its promise to provide clients and stakeholders with effective and environmentally responsible solutions. Last year, Ramboll not only achieved strong growth but also recorded its highest-ever profit, demonstrating its resilience in the face of increased inflation and rising interest rates. With gross revenue reaching an all-time high of DKK 17 billion and earnings (EBITA) surpassing DKK 1 billion, the company set another record high. The EBITA margin was 6.1%, and organic growth was 8.8%. These results underscore the strength of Ramboll’s diversified and global approach to clients and markets. The growing demand for sustainable solutions by clients, who are striving to decarbonize value chains and meet climate and nature goals, is a key growth driver for Ramboll. Through its commitment to high standards and strategic growth, Ramboll continues to set benchmarks in the field, delivering projects that are not only financially successful but also environmentally and socially responsible. Head of MEP | RAMBOLL MIDDLE EAST IMRAN SHAIKH - RAMBOLL CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #8 WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 49
CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #9 #10 CBNME MICHAEL RIMMER NICHOLAS BYCZYNSKI Egis, an international leader in architecture, consulting, construction engineering, and mobility services, is committed to creating sustainable infrastructures and buildings to combat the climate crisis. With 19,500 employees worldwide, including 3,500 in the Middle East, Egis achieved a regional revenue of €463.5 million in 2023, a 21% year-over-year increase. The first quarter of 2024 saw a 93% improvement over Q1 2023, driven by acquisitions like Omrania and U+A, alongside robust organic growth. AESG, an international consultancy, engineering, and advisory firm, achieved a 46% revenue increase in 2023, emphasizing sustainability and innovation. The AESG MEP team focuses on designing sustainable, high-performance net-zero buildings using advanced BIM technologies and tools like Autodesk Revit and IES Virtual Environment. These tools optimize building performance and align with the UAE Net Zero 2050 Initiative. By leveraging precise digital models, AESG efficiently identifies and resolves issues early, resulting in cost-effective, energy- efficient buildings. Their expertise covers all MEP aspects, including HVAC, plumbing, and electrical systems, integrating renewable and energy-efficient energy sources. Since early 2023, AESG’s Sustainable Engineering team has secured over 15 million AED in projects, including a 280-meter residential tower in Downtown Dubai, a 71,000m2 ultra-luxury residence on the Palm Crescent, a 30,000m2 five- star resort hotel in KSA, high-end commercial fit-outs, and off-grid utility designs across 22,500 km2. AESG’s approach integrates sustainability into engineering, enhances occupant quality of life, and reduces environmental impact through innovative digital tools and sustainable practices. Egis has focused on delivering innovative, digitally driven solutions. Key achievements include using computational design tools for energy-efficient MEP and structural engineering, achieving LEED Platinum certification for several projects, and providing comprehensive visualization and digital prototyping to support informed decision- making. Egis integrates advanced technologies to enhance project delivery, using tools like BIM360, Rhino, Grasshopper, Lumion, Enscape, Navisworks, Power Bi, and Digital Twins. Their commitment to eco- design saw 46% of projects employing sustainable approaches in 2023, aiming for 100% by 2030. Egis is a signatory of the UAE Climate Responsible Companies Pledge and actively participates in the ‘Race to Zero’ Campaign. Since early 2023, Egis has successfully completed 116 projects in the Middle East, significantly contributing to regional development through pioneering digital and computational design approaches, sustainability, and strategic growth. MEP Director for the Middle East & South Asia | EGIS Director of Sustainable Engineering | AESG MEP POWER LIST 2024 50 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
MOHAMAD BALLOUT COLIN SCOTT - KPM CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #11 COLIN SCOTT K PM, a global leader in Mechanical, Electrical, and Plumbing (MEP) design and consultancy services, has made a significant impact on numerous high-profile projects worldwide. Their expertise is not just about optimizing energy efficiency and sustainability, but also about delivering innovative design solutions that are tailored to each project’s unique requirements, thereby shaping the global landscape of MEP design and consultancy. In the Gulf of Aqaba, KPM’s comprehensive MEP design services were not just about leveraging modern construction methods to address logistical challenges and ensure timely project completion. They were also about a close collaboration with the project team, demonstrating KPM’s commitment to teamwork and partnership. Similarly, for the Bombay General Aviation Terminal, KPM’s MEP team worked hand in hand with airport operations to design additional power and water supply systems within the existing service areas, minimizing disruptions and showcasing the power of collaboration. KPM’s role in ‘The Park,’ a mixed-use development in India, and the Thakher Mecca Development, both highlight their MEP expertise. These projects, with their unique challenges and requirements, demonstrate KPM’s versatility and capability to adapt to different project types. From integrating standalone sewage and wastewater treatment plants and photovoltaic systems to efficiently distributing services across a vast mixed- use site, KPM’s MEP solutions showcase their adaptability and versatility. KPM’s commitment to sustainable design is exemplified in the Sumitomo Office Development in Mumbai. Here, they implemented a range of innovative solutions, including flood protection measures and renewable energy systems, to significantly reduce energy consumption. Their MEP designs frequently incorporate advanced technologies such as high COP chillers, heat recovery systems, and on-site solar power generation, ensuring high performance and energy efficiency. In addition to these projects, KPM has been involved in significant developments like the NEOM Module 42, where they devised a modular MEP design strategy, and the Ministry of Culture Headquarters in Riyadh, where they achieved energy efficiency goals seamlessly integrated with the architectural design. Overall, KPM’s MEP services are characterized by innovative approaches, sustainability, and efficient design, establishing them as a key player in delivering complex and impactful projects globally. Their focus on integrating advanced technologies and sustainable practices sets them apart as leaders in the industry, driving progress and excellence in every project they undertake. Global Director of MEP | KPM WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 51
CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #12 CBNME MURALI SERPAKKAM A l-Futtaim Engineering & Technologies, part of the Contracting division of Al-Futtaim Real Estate, now Al-Futtaim Contracting Group (AFCG), boasts a rich legacy of over 50 years in the UAE, Saudi Arabia, Qatar, and Egypt. Over time, the company has transformed into a comprehensive engineering, technologies, facilities management and construction solutions provider, catering to diverse clientele across the building and construction industry. Under the leadership of Murali Serpakkam, a seasoned professional with extensive expertise in MEP services, project management, and commercials, AFCG has secured a prominent position within the regional MEP landscape. AFCG proudly showcases its extensive portfolio, which includes diverse project types. Their recently completed MEP work for the Al Faya Depot for Etihad Rail highlights their expertise in large-scale infrastructure projects. Current endeavours include MEP works for the prestigious Al Hamra Entertainment Complex in Riyadh and the Yas Water World expansion in Abu Dhabi. The hospitality sector remains a primary focus, with AFCG undertaking MEP fit- out works for The Cove and The Reef luxury resorts in the Red Sea Development Project and the Jabal Omer development in Makkah, KSA. Their residential projects feature ongoing work on Eden House and Al Badia Terraces Apartment Complex in Dubai. Additionally, AFCG provides turnkey fit-out and MEP solutions for retail and automotive brands, exemplified by the successful completion of IKEA fit-out projects in Fujairah and Abu Dhabi and BYD showrooms across various locations. Under Murali Serpakkam’s visionary leadership, AFCG is delivering exceptional projects and shaping the industry’s future. The company is actively strengthening its Energy & Sustainability division, implementing sustainable practices across various regional retail projects. Additionally, AFCG is embracing the future by focusing on artificial intelligence, digital transformation, and productivity improvements across all its divisions. This forward-thinking approach ensures that AFCG is keeping pace with industry trends and leading the way, instilling confidence in the company’s future. With a proven track record, robust portfolio, and unwavering commitment to innovation and sustainability, Al-Futtaim Contracting Group, with its Al- Futtaim Engineering division, stands as a leading force in the regional MEP contracting sector, positioned for continued success in the forthcoming years. Managing Director | AL FUTTAIM CONTRACTING GROUP MEP POWER LIST 2024 52 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
#14 In the past year, Alaa has maintained excellent client relations and adapted to market challenges, leading the MEP team to success in projects across the UAE, Egypt, and KSA. Notable projects under his leadership include The Palace Hotel and Branded Residences Dubai Creek Harbour, The Address Hotel Polo Club Dubai, Warner Bros. Hotel Abu Dhabi, Serena Living The Palm Jumeirah, The Jafar Centre Dubai College, Arcadia Global School Dubai, and Sharjah National Park. Alaa’s dedication to quality, client satisfaction, and sustainable practices positions Godwin Austen Johnson as an industry leader, driving continued success and innovation. ALAA ABDELMOHSEN SAYED - GODWIN AUSTEN JOHNSON A.R. SURESH KUMAR - VOLTAS / CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #13 A.R. SURESH KUMAR ALAA ABDELMOHSEN SAYED Alaa, an executive at Godwin Austen Johnson since 2017, excels as the executive director overseeing MEP design and supervision. His strategic approach ensures success in complex projects across hospitality, education, healthcare, retail, and utilities. As the head of the MEP department and sales team, Alaa emphasizes seamless client communication and alignment. He champions innovative design and sustainability, enhancing energy efficiency, reducing waste, and integrating renewable energy solutions. Voltas Limited, a TATA Group company, has led engineering solutions for over seven decades in India and the GCC, revolutionizing the MEP industry with innovative solutions. Their portfolio includes prestigious projects like airports, hospitals, hotels, Burj Khalifa, theme parks, and sports stadiums, showcasing their reliability as a turnkey MEP solutions provider. Voltas leverages modern engineering practices, automation, prefabrication, and digital transformation for efficient project execution. Their Dubai facility enhances efficiency with prefabricated modules and advanced dashboards tracking real-time progress. Their diverse portfolio includes district cooling plants, gas field expansions, power plants, and mixed-use developments. Voltas’ commitment to innovation and sustainability solidifies its leadership in the MEP industry, consistently delivering projects on time and within budget. Head International Operations Business Group | VOLTAS LIMITED Executive Director | GODWIN AUSTEN JOHNSON
CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY #15 CBNME SIMON YOUNG S imon Young, formerly RED Engineering Design’s Global Head of Business Development and Marketing has now entered the prestigious director- practice lead position for the Middle East and Africa (MEA) region. Joining RED in 2019, Simon’s journey began in the UK, expanded through APAC, and ultimately brought him to the UAE to spearhead regional development. With a career spanning over 25 years in technical sales and business development, Simon is a figure of high regard in the Data Centre sector. His strategic leadership and exceptional relationship-building skills have been instrumental in RED’s growth and expansion, instilling confidence in his abilities among his peers and the audience. As Director of MEA, Simon will leverage his extensive experience and strategic insight to propel RED’s regional objectives while contributing to the global leadership team. The past 12 months have been transformative for RED, characterized by substantial growth and development in the EMEA region. Collaborating closely with parent company Tractebel, RED has harnessed its combined expertise and resources to enhance service offerings and expand its market presence. This synergy has fueled successful projects and the seamless integration of advanced technologies, driving RED’s innovative and forward-thinking approach. Simon’s appointment arrives at a crucial juncture for RED as the company enhances its distinguished legacy of innovation and excellence. His vision for the MEA region is ideally in sync with its strategic objectives, emphasizing sustainable growth, client satisfaction, and technological progress. With Simon at the helm, they are poised to solidify their market leadership, roll out groundbreaking solutions, and broaden their portfolio to cater to the dynamic needs of their clients. RED’s commitment to nurturing talent and fostering internal growth is exemplified by Simon’s career trajectory. His rise within the company is a testament to RED’s dedication to professional development and its belief in empowering leaders to drive success. As RED looks forward to future growth and innovation, they are confident that Simon’s leadership will elevate them to new heights, reinforcing their position as a global leader in the Data Centre industry and making the audience feel valued and part of a supportive environment. Director MEA | RED ENGINEERING DESIGN MEP POWER LIST 2024 54 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
BLACK & WHITE ENGINEERING - BIN DASMAL GROUP - BEMCO - RELIANCE CONTRACTING COMPANY (RCC) - TORONTEC MEP CONSULTANTS - ADEPTUS TECHNOLOGIES LLC #16 CBNME MEP POWERLIST 2024 EXPLORING THE TOP GIANTS IN THE INDUSTRY MICK CAIRNS #17 #18 #19 #20 BIN DASMAL GROUP BEMCO TORONTEC MEP CONSULTANTS ADEPTUS TECHNOLOGIES LLC Black & White, a Dubai-grown company, has achieved a turnover of AED 250 million, expanded to over 550 staff, and grown by 200% since 2020. Their success is driven by a commitment to learning, a one-team approach, and innovative thinking. Black & White prioritizes client satisfaction, aiming to convert every client into repeat business. This client-centric approach has made them a global leader in the technology sector. They manage complex data centres in over 25 countries, delivering efficient, sustainable solutions and adapting to the evolving industry needs through AI, increased rack densities, liquid cooling, and sustainable standards. Black & White has recently expanded its global presence with new offices in Frankfurt, Milan, and Kuala Lumpur, bringing its total to 15 locations. Upcoming offices include Jakarta, Riyadh, Lisbon, Madrid, Bangkok, and Seoul. Black & White provides MEP design for various projects, collaborating with leading data center operators and cloud providers. Bin Dasmal Contracting, ISO-certified with 40+ years of experience, excels in civil, MEP, and HVAC services, including installations, refurbishments, and maintenance. They leverage their skilled engineers and resources of the Bin Dasmal Group to deliver comprehensive solutions. Currently, they are managing the supply, installation, testing, and commissioning of HVAC and MEP systems for projects in Dubai, Sharjah, and Fujairah. Established in 1990, BEMCO (Bahrain & Emirates Electrical & Mechanical Contracting) has become a leading name in electro- mechanical services. Known for on-time completion and client satisfaction, BEMCO is a professionally managed company excelling amid industry competition. BEMCO UAE focuses on data centres, infrastructure, and community developments as its key growth areas. Torontec Engineering excels in the MEP industry, delivering top-quality Mechanical, Electrical, and Plumbing services. Renowned for innovation and commitment to quality, they complete projects on time and within budget. They use advanced technologies for efficiency and sustainability to serve residential, commercial, and industrial sectors. Their dedication to excellence and client satisfaction makes them a leading MEP service provider. Adeptus Engineering excels in the MEP industry, offering top-notch Mechanical, Electrical, and Plumbing services. Known for innovation and quality, they ensure timely, cost-effective project delivery across residential, commercial, and industrial sectors. Their use of advanced technologies boosts efficiency and sustainability, solidifying their reputation as a leading MEP provider. CEO | BLACK & WHITE ENGINEERING WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 55
Gold Partners Silver Partners Knowledge Partner AWARDS MEP CBNME 2024 56 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
RADIANCE OF MEP EXCELLENCE T he CBNME MEP Awards 2024 stands out as a premier event, celebrating the remarkable achievements of the region’s MEP professionals. The Middle East’s MEP market thrives on its dynamic and multifaceted nature, constantly navigating a unique mix of challenges and opportunities. The excitement surrounding the CBNME MEP Awards is unmistakable, quickly establishing it as a leading industry event. In recent years, the MEP industry in the Middle East has experienced unprecedented growth, with an impressive annual rate exceeding 7%. This remarkable expansion reflects the region’s dedication to innovation and sustainability. Key drivers behind this surge include increasing green building initiatives and the development of smart cities, which are transforming our urban landscapes. We proudly honor these MEP innovators who are reshaping our future with ingenious and sustainable solutions. Congratulations once again to all the winners for their outstanding contributions! Words by: Vibha Mehta WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 57
CBNME MEP AWARDS 2024 RETROFIT PROJECT OF THE YEAR KPM – SHERATON HOTEL, BAHRAIN T he visionary behind this project transformed a venerable 30-year- old hotel with a comprehensive refurbishment to meet modern standards. This transformative overhaul not only reinforced the building structurally but also completely revamped its MEP services. This retrofit offered an opportunity to explore a wealth of sustainable engineering solutions. Through a rigorous Value Engineering (VE) process, the KPM team developed numerous strategies to enhance the building’s sustainability and efficiency. They embraced cutting-edge options such as high-efficiency HVAC systems, energy-saving appliances, water-conserving fixtures, and optimized lighting solutions, ensuring every aspect of the hotel’s operation was infused with green innovation. PROJECT AWARDS 58 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 PROJECT OF THE YEAR KEO INTERNATIONAL CONSULTANTS – PROJECT RED SEA P7, SAUDI ARABIA T he award-winning project leveraged advanced technologies and creative approaches to achieve exceptional results in line with the strategic goals. The winning team, KEO International Consultants faced significant challenges, particularly in designing and coordinating MEP systems for its unique island location, compounded by an undersea tunnel housing all utility and plant rooms. This setup created logistical hurdles in servicing the various above- ground facilities. The complexity further intensified due to the diverse asset types, including a marina, hotel, utility tunnels, retail spaces, a dive center, and residential areas, each demanding bespoke design and meticulous coordination, complicating overall project management. Despite these challenges, the project triumphantly harnessed exceptional technologies and innovative methods to deliver stellar outcomes, perfectly aligning with their strategic objectives. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 59
CBNME MEP AWARDS 2024 PLUMBING PROJECT OF THE YEAR ALEMCO – SEAWORLD ABU DHABI- ANIMAL LIFE & SAFETY SYSTEMS, UAE A t the core of the project’s vibrant underwater world is a groundbreaking Animal Life Safety System. This innovative system ensures pristine water quality for marine life using advanced technologies such as filtration, ozonation, and UV treatment. The design focuses on environmental sustainability while enhancing the visitor experience, marking a landmark achievement in aquatic engineering. The project’s success stems from unwavering adherence to safety standards, comprehensive regulatory compliance, and stellar project management. ALEMCO’s dedication to meticulous maintenance reinforces their narrative of excellence and commitment. By highlighting these qualities, they showcase their pivotal role in supporting marine life and aligning seamlessly with the park’s operational goals. 60 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 ELECTRICAL PROJECT OF THE YEAR RAMBOLL – MISK ART INSTITUTE, RIYADH, SAUDI ARABIA T he awarded firm, Ramboll has been entrusted as the Lead Design Consultant, overseeing the full spectrum of design stages from Concept to IFC for various disciplines. This project stands as a testament to the fusion of artistic and engineering brilliance. At the heart of the art institute, the gallery and studio buildings emerge as architectural marvels, elegantly punctuating the landscape. Linking these iconic structures presented an intricate MEP challenge, masterfully integrating contemporary elements throughout. The design features innovative solutions such as an underground bridge, a bold external elevator, and an imposing public staircase, all of which redefine traditional boundaries and seamlessly connect the diverse spaces. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 61
CBNME MEP AWARDS 2024 SUSTAINABLE PROJECT OF THE YEAR OXYPRO ELECTROMECHANICAL CONTRACTORS - PROJECT Q (6 FALAK) T he award-winning project, Sweid & Sweid’s Project Q (6 FALAK) in Dubai Internet City, boasts a LEED Silver certification. Constructed by McLaren Construction, this 3B+G+6 structure features state-of-the-art design and shell-and-core commercial office spaces. The project’s MEP systems, expertly completed by the Oxypro Electromechanical Contractors, are integrated to maximize energy efficiency and meet stringent LEED standards. This Class-A commercial building exemplifies cutting-edge innovation, ensuring top-tier efficiency and sustainability in its design and construction. *The award was received on behalf of Godwin Austen Johnson Highly commended: Godwin Austen Johnson 62 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 SUPPLIER OF THE YEAR CMS GLOBAL C MS Global showcases its excellence in delivering top- quality, innovative products designed to meet the dynamic market demands. They emphasize their dedication to customer satisfaction, supported by prompt and reliable service, and the ability to offer customized solutions tailored to individual client needs. Furthermore, their sustainable practices and commitment to environmental responsibility align with global standards, appealing to eco-conscious stakeholders. Additionally, CMS Global also underscores its global reach and strong supply chain management, demonstrating their capability to efficiently manage logistics and ensure consistent product availability. COMPANY AWARDS WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 63
CBNME MEP AWARDS 2024 HVAC MANUFACTURER OF THE YEAR HIRA INDUSTRIES LLC H ira Industries LLC stands out for its unwavering commitment to innovation and excellence in HVAC solutions, blending advanced technology with eco-friendly manufacturing techniques to minimize environmental footprint and boost efficiency. The team’s dedication to research and development fuels ongoing enhancements in product functionality and energy conservation, aligning with the demanding requirements of contemporary eco-conscious constructions. Moreover, their exceptional customer service, offering extensive support from setup through maintenance, distinguishes them within the industry. 64 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
FACEBOOK.COM/CBNME @CBNME CONSTRUCTION BUSINESS NEWS ME WWW.CBNME.COM FOR EDITORIALS VIBHA MEHTA +971 58 6314145 vibha@bncpublishing.net FOR SPONSORSHIP OPPORTUNITIES JOAQUIM D’COSTA +971 50 440 2706 jo@bncpublishing.net ALEX BROWN +971 56 308 2946 alex@bncpublishing.net SARAH SADDOUK +971 55 536 7011 sarah@bncpublishing.net 2024 SUSTAINABILITY Innovation Awards AUGUST 30TH, DUBAI | Hilton Al Habtoor City, Al Joud Ballroom Gold Sponsors Silver Sponsors nominate now
CBNME MEP AWARDS 2024 SUSTAINABLE INITIATIVE OF THE YEAR DAIKIN MIDDLE EAST & AFRICA: TOWARDS A SUSTAINABLE FUTURE D aikin MENA pioneers HVAC-R innovation with a focus on minimizing environmental impact from the start. They uphold stringent standards, ensuring all products meet 13 essential criteria, verified by independent audits. Their “Towards a Sustainable Future” seminar in the UAE attracted over 300 partners and customers, fostering discussions on sustainable cooling solutions and promoting collaboration for cooling decarbonization across the UAE. 66 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 INNOVATION IN MEP LATINEM FACILITIES MANAGEMENT – SOBHA GROUP L atinem Facilities Management – Sobha Group prioritizes a world where reliability, efficiency, and seamless service are essential, emphasizing Preventive Asset Maintenance (PAM) as a core strategy. They provide customers with Complimentary Home Health Checks, which focus not only on addressing issues as they arise but also on preemptively identifying potential problems to ensure a smooth experience. This proactive approach, known as Home Health Checks, represents a significant advancement in MEP and Facilities Management. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 67
CBNME MEP AWARDS 2024 MEP CONSULTANT OF THE YEAR RAMBOLL R amboll distinguishes itself as a leading MEP consultant by seamlessly integrating sustainability, innovation, and technical expertise into its projects. They prioritize optimizing mechanical, electrical, and plumbing systems to boost building efficiency and environmental performance. Committed to using cutting-edge technology and meeting high environmental standards, including LEED and BREEAM certifications, Ramboll ensures superior project outcomes. Their global experience and holistic approach allow them to effectively tackle complex challenges, solidifying their status as a leader in the MEP consulting field. Highly commended: AECOM 68 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 MEP CONTRACTOR OF THE YEAR INNOVO MEP I nnovo MEP has ascended to the top ranks of MEP contractors by consistently delivering outstanding mechanical, electrical, and plumbing projects that meet stringent industry standards. Their success is driven by a combination of extensive expertise and precision, ensuring results that are both accurate and efficient. The company’s commitment to cutting-edge innovation is evident in their use of the latest technologies and eco- friendly practices, enhancing efficiency while reducing environmental impact. Additionally, they emphasize impeccable quality control and prioritize customer satisfaction, tailoring their services to meet the specific needs and timelines of their clients. Highly commended: ALEMCO WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 69
CBNME MEP AWARDS 2024 ELECTRIC ENGINEER OF THE YEAR IMRAN BAGWAN, KPM I mran Bagwan is a trailblazing figure in MEP engineering, celebrated for his innovative approach, leadership, and unwavering dedication to excellence. His career is marked by a strong commitment to high standards and a significant role in project management. Imran expertly manages all phases of the project lifecycle, from initial concept to final construction, including design development, documentation, and on-site coordination. His notable projects include the Atlantis Aquaventure in Dubai, the Crown Plaza in Dubai, and the National Bank of Kuwait, among others. Individual Awards 70 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 PROJECT MANAGER OF THE YEAR MADHU BABU CHANDRAN FROM ATKINSRÉALIS W ith an impressive 17-year career in the Middle East, Madhu Babu Chandran has consistently demonstrated exceptional leadership in managing complex MEP projects across diverse sectors, including retail, hospitality, residential, commercial, industrial, sports facilities, and refurbishments. Madhu expertly oversees project operations through meticulous planning, adept team coordination, and strict adherence to tight deadlines and budgets. His strategic approaches, combined with effective resource management, have consistently resulted in successful project completions, cementing his reputation as a reliable and skilled expert in the MEP field. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 71
CBNME MEP AWARDS 2024 WOMAN PROFESSIONAL OF THE YEAR MAI ALQAQ, ATKINSRÉALIS M ai Alqaq exemplifies professional excellence and unwavering dedication. With a distinguished 24-year career in electrical engineering, she has consistently demonstrated profound commitment to her field. Her expertise extends beyond technical skills to mastering the art of design, creating solutions that not only meet but exceed client expectations. Her impact spans from Abu Dhabi to Dubai, where her strategic design contributions have been pivotal in the successful completion of high-profile projects such as the Dubai Premium Villas, Show Village, and DX Park Projects, each showcasing her visionary approach. Highly commended: Eva Ayyoub – Ramboll 72 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 MECHANICAL ENGINEER OF THE YEAR MOSTAFA ABOELKHEIR, AECOM A s an associate mechanical engineer, Mostafa AboElkheir has showcased his expertise across various building design applications in the UAE and the broader Middle East. His impressive track record, particularly with large-scale and complex projects, underscores his significant contributions to the field. Esteemed by his peers as an invaluable team member, he thrives in his leadership role, demonstrating exceptional coordination skills and effective communication with diverse design teams. He adeptly manages the design process, ensuring projects are seamlessly coordinated, delivered on schedule, and stay within budget constraints. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 73
CBNME MEP AWARDS 2024 PLUMBING ENGINEER OF THE YEAR MINA MAHER KAMEL MILAD, KEO INTERNATIONAL CONSULTANTS M ina Maher Kamel Milad is a prominent figure in plumbing engineering, with over a decade of experience in advancing mechanical building services design throughout the UAE. Known for his expertise in Plumbing, Fire Protection, Gas, and Medical Gas systems, Mina also has a strong background in HVAC design. This comprehensive skill set enables him to manage projects with a holistic perspective, ensuring optimal integration and functionality. Beyond his technical skills, he excels in leadership, effectively coordinating with architects, contractors, and regulatory bodies to ensure smooth project execution and regulatory compliance. 74 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
CBNME MEP AWARDS 2024 CEO OF THE YEAR SAMER ABDUL SAMAD, NESMA & PARTNERS The award was received by Geraud Meyer, Deputy Vice President of Engineering at Nesma & Partners S amer Abdul Samad passionately shares his vision with the team, emphasizing that a strong, family- like culture and the right talent can propel the company to new heights, significantly benefiting the business, its employees, and clients. He has strategically restructured the company into three main sectors: Industrial/Oil & Gas, Infrastructure, and Construction. This realignment empowers leaders to make swift, strategic decisions, enhancing adaptability in a rapidly changing market. Looking ahead, he plans to expand the company’s Engineering, Procurement, and Construction (EPC) capabilities to manage larger, more complex projects efficiently. This initiative is part of his strategy to drive sustainable growth, enhance in- country value, and align with the Kingdom’s 2030 vision. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 75
CBNME MEP AWARDS 2024 76 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
Paul Chutter, President and Co- Founder of Endless Surf & President of WhiteWater, on the evolving landscape of waterpark construction ENGINEERING WATER THRILLS E ndless Surf, developed by WhiteWater, is a cutting- edge artificial wave technology crafted to deliver customizable, high-quality waves for surf parks. It aims to provide a genuine surfing experience for all skill levels, with adjustable waves that cater to beginners, advanced surfers, and professional competitions. Endless Surf is not just about the waves; it’s about the environment, too. It integrates state-of-the-art technology with a strong focus on sustainability, ensuring eco-friendly and efficient operations. This innovation brings the excitement of ocean waves to any location globally, making surfing accessible regardless of geographic constraints. What was the inspiration behind Endless Surf, and what are your long-term goals for the company? Creating Endless Surf was a natural step for WhiteWater. Over the decades, we’ve built hundreds of pneumatic wave pools worldwide, many still in use today. While these weren’t initially designed for surfing, some became early ‘surf pools’ offering surf sessions. As surfing gains popularity as a sport and lifestyle, we leveraged our proven technology to innovate Endless Surf. From the beginning, our goal was to shape this growing industry by providing flexible, authentic surf lagoons that enable developers to create world-class surf destinations. 1How does Endless Surf leverage technology to enhance the surfing experience compared to other surf parks? Endless Surf’s operational flexibility and wave customization elevate the experience for operators and surfers. By controlling and programming each pneumatic caisson along the lagoon’s back wall, we can tailor different wave types and settings, ensuring ideal conditions for any skill level and surf style. The lagoon offers stunning views from every angle, allowing even non-surfers to enjoy the waves and feel part of the action. Moreover, Endless Surf extends the surf experience beyond the water. Our non-industrial, low-profile machinery and the lagoon’s organic shape give developers 360 degrees of waterfront real estate to create an authentic beach, boardwalk, and ‘surf town’ experience. Can you share some sustainable practices and technologies Endless Surf is implementing? Endless Surf was designed to minimize impact on both construction and ongoing operations. Its compact footprint reduces the need for extensive excavation, concrete, soil sealing, and water volume. Through our exclusive partnership with Myrtha Pools, we offer a stainless-steel alternative to concrete, providing a more durable and sustainable solution that significantly reduces the carbon footprint. Water conservation is another critical sustainability aspect. Since all of Endless Surf’s machinery is located outside the water, we’ve eliminated the need to drain the pool for maintenance. Additionally, Endless Surf’s operational flexibility allows for optimized energy consumption by tailoring waves to match capacity, ensuring no waves or energy are wasted, regardless of whether it’s a busy Saturday or a quiet Tuesday. How important are partnerships in your business model, and can you share any notable collaborations that have significantly impacted Endless Surf? Partnerships are crucial to our business model, enhancing our product and providing critical solutions to developer challenges. Recently, we announced a new partnership with Surfline, the world’s leading surf forecasting and AI- based surf cam technology. Their ‘re-live’ camera capture is CBNME TECHNOLOGY PAUL CHUTTER, President and Co-Founder of Endless Surf & President of WhiteWater 78 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
launching in surf parks, allowing Endless Surf venues to offer customers photo and video packages with their sessions. Surfline’s vast audience of millions of surfers worldwide also provides incredible marketing benefits, helping participating venues attract new guests and drive bookings. Our exclusive partnership with Myrtha Pools also stands out by offering a durable stainless-steel alternative to concrete for lagoon construction. This solution addresses common issues caused by ongoing wave action, ensuring a more long-lasting basin with a luxurious finish. What have been some of the biggest challenges in developing Endless Surf, and how have you overcome them? Thanks to our proven pneumatic technology, we’ve had faith in our product from the start. However, waiting for our first pool to pump waves was a challenge. With waves at O2 SURFTOWN MUC and the venue opening this summer, we can finally prove Endless Surf’s potential—and it’s just the beginning. This emerging industry has hurdles, especially with the evolving development process. However, our long history in attractions has equipped us to help clients navigate construction and project development challenges. With decades of How has your WhiteWater experience influenced your innovation approach at Endless Surf? experience delivering for renowned brands, we’ve gained valuable insights into the attractions and entertainment space, influencing our innovation at Endless Surf. Our extensive experience with large greenfield projects at WhiteWater has equipped us to guide new surf developers through the complexities of large-scale construction. We’ve witnessed industry trends fluctuate, and we confidently believe the rise in Surf is here to stay. Learning from our clients’ challenges in building and operating parks has allowed us to design our product to offer the best surf experience outside the ocean while solving clients’ problems effectively. Can you discuss some of the most challenging and rewarding construction aspects at WhiteWater that have been undertaken recently? We thrive on challenges that showcase our problem-solving skills and bring our clients’ ambitions to life. Whether it’s record-breaking projects like the 85-meter Icon Tower at Meryal in Qatar or the upcoming “M100 Waterpark” in Taizhou, China, at 100 meters, every aquatic attraction we build is rewarding. While high-thrill attractions grab headlines, creating memorable experiences for families with young children through gentle slides and play structures is equally fulfilling. Take the Icon Tower, for instance. It features 3.7 kilometres of unique slide paths, including a 20-ton Abyss funnel slide suspended 40 meters above the ground. We use precise 3D modelling to account for the mass, weight, and wind load from the Arabian Gulf. We’ve also tackled topographical challenges, like Water World Ocean Park in Hong Kong, which is built on hilly terrain facing the sea. We strategically placed four slide complexes with minimal environmental disturbance and accounted for typhoons and heavy rain drainage. What are your thoughts on the future of water parks, and how is WhiteWater adapting to changing consumer demands and technological advancements? With technology integral to our lives, convenience is a necessity. WhiteWater’s SaaS arm, Vantage, integrates various park software to provide a seamless, personalized guest experience. From one platform, guests can access ticketing, virtual queuing, park info, lockers, special offers, and more. Vantage also provides valuable data for park managers to optimize operations and customize guest experiences. We’re also seeing hybrid venues that offer different activities day and night for diverse demographics. Retailtainment is creating new opportunities, and our range of products, mainly stationary Surf, supports venues like shopping malls and sports bars. Consumers now demand responsible water and energy use. WhiteWater is integrating sustainability into every aspect of our operations. We’re working towards ISO 14001 certification, designing less energy and water products. As an industry, there’s still much to do regarding sustainability, but WhiteWater is leading the way in changing business practices. ENGINEERING WATER THRILLS CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 79
S audi Arabia’s Facilities Management sector is evolving swiftly, driven by Vision 2030 and an increased emphasis on sustainability, technology, and professional standards. Some of the key emerging trends include: 1. Infrastructure Expansion and Modernisation: a) Mega Projects: Saudi Arabia’s Vision 2030 includes several mega projects transforming the country’s landscape. Projects like the NEOM smart city, Qiddiya, an entertainment city, and the Red Sea Project, a luxury tourism destination, are all driving the need for advanced Facilities Management services. Ideally, FM services should be detailed, covering all systems and technical support services for integrated, cost-effective, functional and sustainable operations. b) Smart Cities: Developing smart cities is essential to KSA’s modernisation. Smart cities use state-of-the-art technology to address urban area issues and provide more efficient urban administration. In this context, Facilities Management plays a crucial role in ensuring the maintenance, functionality, and sustainability of smart cities. This demands incorporating Internet of Things (IoT) gadgets for real-time monitoring, artificial intelligence for predictive maintenance, and data analytics for improved energy usage and resource appropriation. 2. Sustainability Focus: a) The market is moving towards enhanced sustainability as organisations seek to improve energy usage tracking and reduce carbon footprints. The FM CBNME FACILITIES MANAGEMENT With an emphasis on eco-friendly practices and smart technologies, the FM sector is poised for rapid growth Originally written by Simone Dobson. Edited by Vibha Mehta TRENDSETTERS TO TRACK SIMONE DOBSON, Chief Operating Officer, Chestertons MENA 80 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
industry is progressively investing in green buildings’ design and operation, including energy-saving equipment, low-emission materials, and advanced technology in building management. Green building standards such as Leadership in Energy and Environmental Design (LEED) and Building Research Establishment Environmental Assessment Method (BREEAM) have also been increasingly adopted. b) Renewable Energy Integration: Saudi Arabia invests heavily in renewable energy, particularly solar power, to diversify its energy mix. The FM sector plays a crucial role in this transition, with Facilities Managers overseeing installing, maintaining, and optimising solar panels and other renewable energy technologies. This shift not only supports the country’s sustainability goals and reduces reliance on fossil fuels but also lowers energy costs for facilities. 3. Technological Advancements: a) Automation and Digitisation: FM in KSA is adopting automation and digital transformation to improve performance and service levels. Technologies like Building Management Systems (BMS) and Computer-Aided Facility Management (CAFM) systems are being increasingly used. These systems automate a variety of FM duties, such as HVAC control and lighting management, reducing operating expenses and manual intervention. b) Remote Monitoring and Management: IoT and cloud computing advancements have facilitated remote monitoring and FM of facilities. FM services can now monitor building operations from any location, resulting in a faster response time and more efficient system optimisation. Remote monitoring systems give building performance data in real time, allowing facility managers to anticipate and fix problems before they escalate, resulting in better service reliability and occupant convenience. 4. Regulatory and Standardisation Efforts: a) Enhanced Regulations: The Saudi government, in collaboration with industry stakeholders, is implementing new regulations and standards to elevate the FM sector’s profile. This collective effort ensures consistent service delivery and safety compliance, underscoring the integral role of stakeholders in shaping the sector’s future. b) Professional Development: Increased demand for FM services has increased the emphasis on training and certification programs. Organisations like the International Facility Management Association (IFMA) and the Middle East Facility Management Association (MEFMA) offer certifications to enhance FM practitioners’ professional knowledge and credibility. Continuous professional development is crucial in the FM sector, as it keeps the workforce updated with the latest knowledge and best practices, enabling them to manage increasingly complex facilities effectively. 5. Increased Outsourcing a) Third-Party FM Providers: As FM becomes a core business discipline, many organisations in KSA prefer to outsource their FM services to third-party specialists. This trend is driven by the ability of professional FM service providers to deliver high- quality services cost-effectively. By outsourcing, organisations can leverage the expertise and resources of these specialists, leading to a higher quality of service at a lower cost. b) Integrated FM Services: As the market matures, many organisations seek holistic solutions covering multiple facility management aspects. Integrated FM services involve a single service provider taking care of all aspects of facility management, from maintenance, cleaning, and security to energy management. This approach not only reduces the number of vendors, leading to better control and coordination between different service providers but also allows clients to focus on their core activities, thereby increasing operational efficiency. TRENDSETTERS TO TRACK CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 81
CBNME EXPERT INSIGHT Originally written by Artaches Grigorian. Edited by Vibha Mehta DISPELLING M Y T H S Debunking Common Misconceptions with Myths vs. Reality in Dubai’s Real Estate Market A s one of the world’s most dynamic and rapidly evolving markets, Dubai’s property sector is driven by several factors that contribute to its robustness and appeal. In recent years, key drivers such as economic recovery, strategic government initiatives, and a rising expatriate population have significantly bolstered the market. The successful hosting of global events such as Expo 2020, ongoing urban development projects, and high rental yields have further enhanced Dubai’s reputation as a prime real estate destination. Recent data from the Dubai Land Department reveals a significant surge in non-resident real estate investors in 2023, comprising 42% of all new investors. This influx of non-resident investors underscores Dubai’s enduring appeal as a global investment hub. It highlights international investors’ confidence in Dubai’s real estate market, recognising it as a lucrative and secure avenue for attractive investment opportunities. Here, we debunk three prevalent myths about Dubai’s real estate market, providing a more accurate perspective on one of the world’s most fascinating property markets. Myth 1: Dubai is a Financial Bubble or Has an Oversaturated Market Dubai has seen a robust post- pandemic recovery, driven by sectors like tourism, trade, finance, and real estate. Notably, the real estate sector witnessed a 4.0% growth in added value within the first nine months of 2023, reaching a robust AED26.8 billion. This growth underscores Dubai’s stable economy and the property sector’s resilience. Amidst this growth, the secondary market, which accounts for 48% of all real estate transactions and involves the buying and selling existing properties among individual investors rather than directly 82 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
DISPELLING MYTHS from developers, signifies a healthy market with genuine demand rather than speculative activity. Furthermore, most property transactions in Dubai are conducted with cash rather than mortgages. This reliance on cash transactions reduces the risk of an over-leveraged market, ensuring stability and resilience. Therefore, Dubai’s real estate market does not exhibit the characteristics of a financial bubble but rather those of a robust and growing market. In addition, the UAE government’s proactive stance towards economic diversification has led to several initiatives to attract foreign investment, including long-term visas, retirement visas, and the Golden Visa programme. These measures and investor-friendly regulations make the emirate a sustainable real estate market, debunking the myth of a potential bubble or oversaturation. Myth 2: Rental Yields in Dubai are Low Globally, Dubai stands out for offering some of the highest rental yields in popular residential areas, up to 11% annually, according to a recent analysis by Bayut, surpassing many Western markets and making investments more accessible. Additionally, the expatriate population, drawn by Dubai’s exceptional lifestyle, abundant job opportunities, and favourable tax environment, consistently drives the demand for rental properties. This affordability, coupled with a robust demand for rental properties among expatriates, leads to remarkable rental returns for investors in Dubai, making the market highly appealing to those seeking lucrative returns on their investments. Moreover, the city’s continuously growing urban development serves as a continual catalyst for rental demand. With a diverse array of properties available, ranging from luxurious villas and apartments to more affordable housing options, Dubai caters to various segments of renters. This diversity broadens the market’s appeal and enhances rental demand and yields, creating a flourishing rental market ecosystem. Myth 3: Low Investor Protection Dubai’s Real Estate Regulatory Authority (RERA) is crucial in overseeing the real estate sector, ensuring transparency and fairness in transactions for sellers and investors. Buyers and renters are advised to engage with RERA-registered brokers and conduct thorough due diligence to mitigate risks. Furthermore, project escrow accounts offer safeguarding against the risk of uncompleted properties, assuring buyers and investors of financial security. Mandatory registration of all real estate transactions with the Dubai Land Department provides legal protection and reduces the risk of fraudulent activities. The introduction of electronic title deeds further enhances legal certainty and convenience. With all documents being electronic, transactions can be executed remotely without physical paperwork. This adds an extra layer of security and streamlines the buying process, offering efficiency and ease of access to property ownership. In addition to these regulatory measures, initiatives have been launched to strengthen investor protection, such as real estate investment funds, which offer investors the opportunity to pool resources and invest in diversified property portfolios with reduced risk exposure. Unlocking Opportunities Dubai’s real estate market is a thriving ecosystem fueled by economic recovery, government initiatives, population growth, high rental yields, and strategic urban planning. These interwoven factors create a dynamic and attractive investment environment for local and international investors. By understanding the market’s realities, investors can confidently navigate Dubai’s real estate landscape and capitalise on its promising opportunities. With a robust regulatory framework ensuring transparency and security and a diverse range of property options, the city offers a solid foundation for untapped real estate investment. ARTACHES GRIGORIAN, Top Broker, Whitewill Dubai CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 83
CBNME TALKING POINT YOUR COMPLETE CITY GUIDE DUBAI DREAMS: A rundown of Dubai’s most exclusive neighbourhoods D ubai is home to one of the world’s most sought-after luxury real estate markets, having established a global reputation for amenities, lifestyle and opulence. Whether buyers want views of dynamic cityscapes, sprawling dunes or the majestic Arabian Gulf, our Emirate caters to every conceivable taste with its tropical climate, bustling urban communities and areas of outstanding natural beauty. It’s, therefore, unsurprising that so many people are relocating to Dubai – especially high-net-worth individuals (HNWIs). But those with the means to invest in the city’s ultra-luxury property market are not just looking for a place to stay. Wealthy buyers want homes that cater to their every requirement, and a property’s surroundings must meet the same exacting standards. So, which areas are most popular among HNWI homebuyers and why? Here’s my rundown of Dubai’s most exclusive neighbourhoods. Al Wasl Located adjacent to Sheikh Zayed Road, Al Wasl is a prestigious location with a selection of upmarket malls and eateries. In 2023, the neighbourhood turned the heads of numerous wealthy investors, emerging as a hotspot for ultra-luxury real estate deals. In Q1 of last year, Al Wasl registered 88 $10 million- plus property transactions worth a combined $1.6 billion. As demand for high-end homes in Dubai’s prime neighbourhoods continues to grow, this area is undoubtedly one to watch for luxury property investors. Al Barsha Al Barsha has been a popular location among homebuyers for many years. It is best known for its wide- open spaces, plentiful amenities, and being one of Dubai’s most famous shopping centres. The neighbourhood was named one of the most sought-after areas for luxury villa rentals in Bayut’s Annual Rental Report for Dubai 2023, firmly establishing itself as one of the Emirate’s leading residential and commercial hubs. Ideal for young couples, families and professionals, Al Barsha boasts a central location and an extensive array of high-end real estate. The average property price in this area is approximately $885,000, but buyers can expect to pay upwards of $40 million for the neighbourhood’s most sought-after homes. Dubai Canal Since Dubai Canal’s inauguration in 2016, the surrounding area has become one of the most sought-after Originally written by Abbas Sajwani. Edited by Vibha Mehta ABBAS SAJWANI, Founder of AHS Group and Board Member at Damac Group 84 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
DUBAI DREAMS: YOUR COMPLETE CITY GUIDE neighbourhoods in the Emirate. A diverse selection of prime real estate has sprung up along the canal’s promenade, including retail, hospitality, food and beverage, and – of course – luxury housing offerings. Thanks to its waterfront location and first-class amenities, demand for real estate in this area has risen steeply, as have property prices. Earlier this year, it was reported that a plot on Dubai Canal sold for a record-breaking $460 per square foot – a fourfold increase compared to the pre-Covid average of $110 per square foot. With development in this thriving neighbourhood continuing apace, it is rapidly becoming one of the most exclusive locations in Dubai. Dubai Marina Dubai Marina ranks as one of the city’s top-performing areas for luxury property in 2024, offering beautiful waterfront views and amenities. This affluent neighbourhood is also home to over 360 restaurants, over 50 cafés and coffee shops, and a selection of premium retail establishments. The average price per square foot of real estate in Dubai Marina is around $370, representing substantial value for buyers. Even so, the area topped the list of transactions in terms of overall value during the first six months of last year, with combined sales totalling $6.8 billion. The neighbourhood’s appeal among luxury homebuyers will likely increase over the coming years. Palm Jumeirah One of my favourites, Palm Jumeirah, is an internationally renowned haven for luxury living. Home to an array of world-famous resorts, restaurants and malls, this neighbourhood is among the most sought-after locations for investors – not just in the UAE but also on the global stage. The iconic archipelago registered Dubai’s highest luxury and ultra-luxury property sales last year, accounting for 52.3% of the Emirate’s $10 million-plus property transactions. Naturally, would-be buyers need deep pockets. According to figures published by Housearch, the average three-bedroom house on Palm Jumeirah will set you back $2.2 million, the average four-bedroom home comes in at $3.1 million, and those looking for a five-bedroom property can expect to pay in the region of $4.2 million. The sky is the limit regarding property prices in this area, which set a new record last year with the sale of a $136 million penthouse. Umm Suqeim Last but certainly not least, Umm Suqeim is a luxury beachfront paradise for those who enjoy surfing, kayaking and paddleboarding. Situated along the Jumeirah Beach coastline, this neighbourhood offers many amenities and activities, including water parks, food spots and shopping malls. The typical annual rent for an apartment in Umm Suqeim is around $40,000, and the average price for a home is $1.2 million. Luxury villas are the most popular property type in this neighbourhood, which isn’t surprising given its centrally situated beachfront location. Exclusivity and value for money I understand that some of the prices listed in this blog are sufficient to make even the wealthiest real estate investors consider their options; that’s what makes these neighbourhoods so exclusive. Nevertheless, these figures demonstrate that Dubai continues to offer superb value to premium property hunters. According to a recent analysis, a $1 million investment will secure an average of 105 sqm of property in Dubai, compared to just 17 sqm in Monaco, 21 sqm in Hong Kong and 33 sqm in New York. So, while prices in the Emirate’s premium segment continue to rise thanks to high demand and limited supply, it remains an incredibly attractive prospect for luxury real estate investors. No wonder so many HNWIs are flocking to this incredible city! CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 | 85
Role & Responsibility As the Senior Marketing Manager at IMKAN Properties, a premier real estate developer in Abu Dhabi, UAE, I leverage over 12 years of industry experience. My role encompasses the development and execution of marketing strategies that align with our business objectives. I oversee all marketing campaigns, manage the marketing and PR team, and collaborate with various departments to ensure cohesive and effective efforts. My key responsibilities include market research, brand management, digital marketing, PR, and customer engagement. I take pride in spearheading successful campaigns and PR initiatives that have significantly boosted our market presence and sales. Addressing The Challenges In today’s marketing and PR landscape, market saturation is a significant challenge, with numerous competitors making it difficult to stand out. To tackle this, we emphasize differentiating our brand through unique selling propositions and innovative marketing and PR strategies. The rapid pace of digital transformation is another hurdle, necessitating staying current with new technologies and platforms. We address this by investing in digital tools, data analytics, and continuous team training. Additionally, evolving consumer behavior requires staying attuned to market trends and incorporating customer feedback into our strategies to meet changing expectations. Regulatory changes also impact our efforts, so we remain informed, agile, and proactive in adapting to new regulations to ensure compliance. Looking Ahead My primary goal is to elevate our brand presence and reputation in the market. We plan to achieve this through compelling brand storytelling, improved customer engagement, and consistent brand messaging. We also aim to lead in marketing and PR innovation, utilizing AI-driven tools, virtual tours, and advanced digital campaigns. Emphasizing a customer- centric approach, we’ll personalize our efforts, enhance customer service, and use customer data to refine strategies. Additionally, integrating sustainability into our marketing and business practices is a priority, promoting eco-friendly initiatives. Finally, I’m committed to nurturing our marketing team by providing ongoing training and professional development to foster a collaborative and creative work environment. CBNME UNSUNG HEROS FARAH ALSAYID Farah Alsayid, Senior Marketing Manager at IMKAN Properties, delves into her pivotal role and shares insights on how she is driving the success of IMKAN Properties 86 | CONSTRUCTION BUSINESS NEWS ME | JUNE-JULY 2024 WWW.CBNME.COM
NEW IVECO S-WAY: HIGH TECHNOLOGY AND EFFICIENCY FOR ON-ROAD MISSIONS The new IVECO S-WAY, with a completely redesigned and reinforced cab, offers a wide choice of Euro III/V diesel engines, a delivering class-leading power from 360 HP to 560 HP Euro III / 570 HP Euro V and superior fuel-saving devices, such as anti-idling feature, Ecoswitch, Ecoroll and Smart Alternator. 12-speed HI-TRONIX automated transmission with the most advanced technology in its category, electronic clutch and best-in-class torque-to-weight ratio. NEW IVECO T-WAY: HIGH PRODUCTIVITY AND SAFETY ON OFF-ROAD TERRAINS With a complete line-up of AWD and PWD versions and the the 16-speed HI-TRONIX automated gearbox, the IVECO T-WAY features a host of functionalities such as Rocking Mode, Off-road Mode, Creeping Mode and 4 reverse gears to tackle with ease the toughest off-road conditions. The new architecture of the EBS system, combined with disc brakes on all wheels, greatly improves the vehicle’s performance and the driver’s safety in the most demanding applications. DRIVE THE NEW WAY