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THE DEFINITIVE GUIDE TO THE REGION'S CONSTRUCTION PROFESSIONALS PROPERTY TRENDS AWAY FROM THE CENTER BANKING FINANCING THE FUTURE OF CONSTRUCTION INTERVIEW DLR GROUP CEMENTS EXPANSION IN SAUDI ARABIA M A Y 2 0 2 5 | C B N M E . C O M JASON MILLETT, GROUP CHIEF EXECUTIVE OF MACE, STEERS WITH PURPOSE AND PASSION, CRAFTING A LEGACY OF TRANSFORMATION ACROSS THE GLOBAL BUILT ENVIRONMENT UNVEILING THE CHAMPIONS OF CONSTRUCTION INNOVATION AWARDS KSA 2025 ROUND-UP OF CONSTRUCTION & DESIGN INNOVATION SUMMIT SAUDI 2025 LEADING WITH IMPACT KSA CONSTRUCTION CHAMPS BRAINS BEHIND BUILD

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ANANTARA SHARJAH RESIDENCES A NEW CHAPTER OF LUXURY EXPERIENCES BY THE SEA Bringing luxury seaside living to Sharjah for the first time, owners at the Anantara Sharjah Residences enjoy access to the Anantara Sharjah Resort’s world-class amenities, including an infinity pool, five distinctive restaurants, an Anantara Spa and a state-of-the-art gym. As an investment, owners can enjoy the benefits of a rental management scheme operated by Anantara Hotels, Resorts & Spas, allowing them to maximize their returns when they are not resident in the property. To register your interest, visit arada.com LIFE IS A JOURNEY.

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IN THIS ISSUE CBNME 18 78 18 INTERVIEW POWERING URBAN EVOLUTION 22 PROPERTY TRENDS AWAY FROM THE CENTER 24 BANKING FINANCING THE FUTURE OF CONSTRUCTION 28 COVER STORY ANCHORING FUTURE LANDMARKS 34 CONSTRUCTION & DESIGN INNOVATION SUMMIT SAUDI 2025 INNOVATION IGNITES IN THE KINGDOM 42 CONSTRUCTION INNOVATION AWARDS KSA 2025 CONSTRUCTING WINNING LEGACIES 78 INTERVIEW DLR GROUP CEMENTS EXPANSION IN SAUDI ARABIA 82 AI A TURNING POINT FOR TRUST IN REAL ESTATE 84 PROJECT MANAGEMENT THE BALANCING ACT: MANAGING GLOBAL DESIGNERS, LOCAL CONTRACTORS, AND CLIENT EXPECTATION 86 EXPERT INSIGHTS THE SMART SITE REVOLUTION 88 EXPERT INSIGHTS OFF-PLAN RESILIENCE 90 UNSUNG HEROES ANOOD HADDAD 42 WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 3

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Discover homes where A LIFESTYLE THRIVING WITH INNOVATION. We redefine modern living with spaces that inspire, amenities that indulge, and locations that connect. www.samanadevelopers.com vacation every day feels like a

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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 MIDDLE EAST 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 © 2025. The opinions expressed are solely those of the contributors. Construction Business News Middle East and its affiliated publications in the MENA region are exclusively licensed to BNC Publishing. No part of this magazine may be copied, reproduced, or transmitted in any form or by any means without prior written consent from the publisher. Printed by United Printing and Publishing | upp.ae Images used in Construction Business News Middle East are credited when necessary. Attributed use of copyrighted images with permission. All images not credited courtesy Shutterstock. CEO Wissam Younane wissam@bncpublishing.net Managing Director Rabih Najm rabih@bncpublishing.net Group Publishing Director Joaquim D'Costa jo@bncpublishing.net Editor-in-Chief Vibha Mehta vibha@bncpublishing.net Commercial Director Andrea Mocay andrea@bncpublishing.net Editorial Assistant Aya Zhang aya@bncpublishing.net Digital Reporter Reeba Asghar reeba@bncpublishing.net Creative Lead Christian Harb chriss@bncpublishing.net Editorial Design Rizaldi Febrian Marketing Executive Aaron Joshua Sinanbam aj@bncpublishing.net Videographer Eduardo Buenagua and Joel Amparo Contributors Natalie Faulkner, Khadeeja Hamid, and Natasha Abbas 8 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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T here’s something beautifully grounding about trading deadlines for ocean tides, and strategy sessions for sun-drenched conversations. This past weekend, I hit pause—not on purpose, but by necessity. Surrounded by close friends, sand underfoot, and laughter echoing into the salty breeze, I experienced a reset that no planner or productivity tool could ever match. Sometimes, all it takes is a slow morning, a shared meal, or the golden hush of sunset by the sea to remember who you are beyond your calendar invites. These micro-moments of joy, stitched together across a weekend, held more power than any long holiday. They reminded me that being present with the people who truly see you is the most effective recharge there is. As the waves moved in rhythm, so too did my thoughts—calmer, clearer, more inspired. That peaceful stillness rebalanced the chaos and planted seeds of fresh energy. I returned from that weekend reset with a mind free of clutter and a heart full of fuel, ready to embrace the months ahead with renewed clarity and drive. A reset like this doesn’t just heal—it elevates. It stirs creativity, reawakens ambition, and makes space for the kind of bold thinking that gets buried beneath routine. In the quiet company of friendship and nature, ideas feel lighter and more possible. With each moment away from the noise, I felt more aligned with my purpose. Even the smallest waves seemed to whisper reminders of balance, patience, and perspective—qualities that often slip away in our pursuit of performance. That weekend didn’t just give me rest; it gave me rhythm for the season ahead. And as the to-do lists begin to build again, I now return with a sense of calm rooted in joy—a reminder that amidst the pace of progress, it’s the pauses we take that truly propel us forward. Vibha Mehta Editor-in-Chief vibha@bncpublishing.net Vibha Mehta vibhamehta01 @vibhamehta01 CBNME LETTER FROM THE EDITOR Rooted in Rest 12 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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M ajid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Central Asia, has officially appointed United Engineering Construction Company – Dubai (UNEC) as the main contractor for Plagette 32 and Amara, two landmark residential developments within Tilal Al Ghaf, its flagship lifestyle destination in Dubai. UNEC, a multi-award-winning general contracting company with over 40 years of regional expertise, brings a proven track record in delivering high-quality, large-scale projects across the UAE. Valued at AED 736 million, the contract encompasses the full scope of works for 148 luxury villas, including their interior fit-out, as well as the shell and core construction of the Beach Club. It also includes in-plot and public realm landscaping, gatehouses, ancillary structures, and shallow infrastructure, ensuring the comprehensive delivery of both developments. Commenting on the announcement, Ahmed El Shamy, CEO of Majid Al Futtaim Properties said: “Breaking ground on Plagette 32 and Amara marks a significant milestone forward in bringing our vision for Tilal Al Ghaf to life. These developments reflect our unwavering commitment to crafting exceptional, design-led communities that harmoniously blend natural beauty, architectural excellence, and elevated living. The appointment of UNEC as our main contractor reinforces our focus on quality, innovation, and delivering on refined, future-forward homes. We look forward to seeing these residences take shape and to welcoming our residents to a new era of sophisticated living.” Plagette 32 is one of the exclusive waterfront neighbourhoods within Majid Al Futtaim’s Tilal Al Ghaf, designed to offer residents a refined yet relaxed lifestyle that feels like a permanent escape. It brings together sophisticated architecture and resort-style living, with interiors curated by the acclaimed Bergman Design House, a luxury studio with a portfolio spanning high-end hospitality, residential, and even superyacht projects. Comprising 28 elegant Club Villas and four striking Water Bungalows, each home features private gardens, expansive terraces, and fluid indoor-outdoor spaces that embrace Dubai’s year-round sunshine. At its center, a vibrant Beach Club, in partnership with Sunset Hospitality, will anchor the community with elevated leisure and dining experiences. Just a short stroll away, Amara offers a distinct take on modern community living. The neighborhood will feature 116 twin villas set around a landscaped central park, where water features and green spaces weave through the development to create a calming, nature-first environment. With a focus on eco-conscious materials, contemporary design, and seamless connectivity between homes and shared spaces, Amara is poised to become a serene, design-forward sanctuary for families and individuals alike. Engr Abdul Halim Muwahid, Chairman of UNEC, said: “We at United Engineering Construction (UNEC) are proud to be awarded and entrusted with the delivery of two of Dubai’s most anticipated residential developments. Our long- standing expertise in high-quality construction, paired with a deep commitment to excellence, will guide every stage of Plagette 32 and Amara’s development. These projects set a new benchmark for luxury living, and we are honored to play a role in realising Majid Al Futtaim’s bold vision. With a shared focus on quality, innovation, and precision, we look forward to bringing these exceptional communities to life.” MAJID AL FUTTAIM APPOINTS UNEC AS MAIN CONTRACTOR FOR TILAL AL GHAF’S LANDMARK DEVELOPMENTS Majid Al Futtaim has appointed UNEC as the main contractor for its Plagette 32 and Amara residential projects in the Tilal Al Ghaf development 14 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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W ith growing appetite for high-end coastal real estate in the UAE, Ajmal Makan Real Estate Development is set to host an exclusive showcase of its flagship island developments, underlining Sharjah’s transformation into a luxury waterfront destination. International and regional investors and homebuyers are turning their focus to Sharjah’s coastal real estate market, as hundreds attended a showcase by Ajmal Makan Real Estate Development, featuring new island-based residential projects within its Dh25 billion master-planned city. The showcase has presented Al Thuraya Island, The View Island, and Blue Beach Residence, all part of Ajmal Makan City – Sharjah Waterfront. Spanning 60 million square feet and designed to accommodate over 60,000 residents across eight islands, the development is one of the largest mixed-use waterfront projects in the Northern Emirates. “The demand for waterfront properties in Sharjah is accelerating, driven by limited supply and a growing interest in lifestyle-led investments,” said Sultan Al Shakrah, CEO of Ajmal Makan Real Estate Development. “Through this event, we’re offering a first-hand look at projects that represent not only architectural excellence but also long-term value and community-building.” As investors increasingly shift their focus to Sharjah’s emerging premium locations, Ajmal Makan’s integrated island communities offer a unique proposition: private island living, strong rental yields, and a sustainable lifestyle set against expansive beaches and green space. Sharjah’s Real Estate Momentum Sharjah’s real estate sector has seen steady growth, with increasing interest from both domestic and international buyers. With hundreds of investors registered and strong interest from both regional and international buyers, Ajmal Makan’s event is set to spotlight Sharjah’s rising position in the luxury waterfront real estate scene. From capital appreciation potential to strategic coastal expansion, this is a timely story on how Sharjah is turning global investor heads. Approximately 60% of buyers at the event are end-users, while 40% are investors targeting rental yields and long-term appreciation. Nationalities represented include buyers from the UAE, GCC, India, Pakistan, Russia, China, and Europe. Meeting UAE’s Rising Demand for Waterfront Living Across the UAE, coastal properties are in high demand. According to Property Monitor, waterfront residences have seen a 17% year-on-year price increase, while select areas in Sharjah have recorded up to 20% growth. Sharjah remains one of the few emirates offering freehold beachfront ownership to all nationalities—a key factor attracting global investors seeking both capital growth and lifestyle appeal. Rental yields for waterfront properties in Sharjah are estimated between 5%–8%, according to Bayut & dubizzle, further positioning Ajmal Makan as a compelling investment. “This is exactly where Ajmal Makan delivers—blending exclusivity, community, and accessibility into a future-ready model for coastal living,” added Al Shakrah. Repeat Buyer Confidence A notable share of attendees are expected to be repeat buyers—investors who participated in earlier phases such as Sun Island and Blue Bay Walk. With Phase 1 and 2 of earlier launches sold out, the event underscores rising confidence in Ajmal Makan’s long-term vision and Sharjah’s real estate future. As waterfront property becomes increasingly scarce, Ajmal Makan City positions itself as a blueprint for sustainable, high-end urban development—blending private island living with economic and lifestyle opportunities. Ajmal Makan Real Estate Development has hosted an exclusive showcase of its flagship island developments, reinforcing Sharjah’s growing status as a luxury waterfront destination AJMAL MAKAN HIGHLIGHTS HIGH-END ISLAND LIVING IN SHARJAH WITH EXCLUSIVE SHOWCASE REGIONAL NEWS WWW.CBNME.COM

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C&P® AND TOP NOTCH JOIN FORCES TO ADVANCE VISION 2030 PROJECTS IN SAUDI ARABIA C &P®, a global leader in construction and engineering, has entered into a strategic partnership with Top Notch, a key player in luxury real estate, to strengthen their presence in the Kingdom of Saudi Arabia. The partnership aims to contribute to the Kingdom’s transformative Vision 2030 by delivering world-class, high-quality projects across the real estate and construction sectors. The agreement was formed during a signing ceremony held at Top Notch’s newly inaugurated Riyadh headquarters, marking a milestone in both companies’ regional expansion strategies. This collaboration reflects a shared commitment to excellence, innovation, and sustainable development. Driving Impact Through Collaboration “This partnership represents an exciting opportunity to combine our expertise and resources to drive projects that align with Saudi Arabia’s ambitious development goals,” said Tarek Ajlani, Managing Partner of C&P®. “We’re proud to join forces with a firm like Top Notch that shares our dedication to quality and innovation.” Abdalrhman Al Safadi, representative of Top Notch, commented: “We are excited to embark on this journey with C&P®. Their proven track record and deep industry knowledge will be instrumental as we scale our presence in Saudi Arabia. Together, we aim to deliver integrated engineering solutions that support long-term national development.” Supporting Vision 2030 As Saudi Arabia continues to position itself as a global center for innovation and economic diversification, this partnership underscores the role of strategic collaboration in achieving the goals of Vision 2030. Together with C&P®, Top Notch is poised to take on new challenges and deliver solutions that will contribute to the Kingdom’s broader goals of economic diversification, sustainable growth, and global competitiveness. C&P® has partnered with Top Notch to deliver high-quality, forward-thinking projects that align with Saudi Arabia’s Vision 2030 Written by Reeba Asghar CBNME REGIONAL NEWS 16 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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P arsons Corporation announced that it has been awarded a contract for Project Management Office (PMO) services by the King Salman Park Foundation for King Salman Park. This 25-month contract marks new work for Parsons. King Salman Park is one of the world’s most unique urban transformation projects, featuring 11.6 sq km of green space and over 10 sq km of built-up area. The Park includes cultural landmarks such as the Royal Arts Complex and a vibrant 7.2 km pedestrian walkway known as The Loop, among many other assets. All these elements are designed to support Saudi Vision 2030’s “Quality of Life” Program. Parsons’ responsibilities encompass supporting the delivery strategy of the King Salman Park program, as well as overseeing and reporting on the design, procurement, construction, and implementation of smart city initiatives. “King Salman Park is an exceptional project that seamlessly integrates destination and sustainable urban development. Parsons is honored to contribute to this landmark initiative that is transforming Riyadh’s urban landscape and establishing a legacy,” said Pierre Santoni, President, Infrastructure EMEA at Parsons. “Our team will utilize Parsons’ 80 years of global expertise, along with our local experience in designing and managing complex urban projects in the Kingdom, to help deliver this world-class mixed-use development project that will enhance the lives of both residents and visitors.” “Sustainability is at the heart of King Salman Park’s vision. Located on the former Riyadh Air Base, the Park will transform the area with the planting of 1 million trees and plants. This initiative will significantly enhance the region’s vegetation cover, increase per capita green space, and boost biodiversity, supporting local wildlife. Our plans include strategically placing trees along roadsides and near buildings to absorb CO2, increase humidity, and mitigate the heat island effect,” said George Tanasijevich, Chief Executive Officer, King Salman Park Foundation. With over 65 years of regional presence, Parsons offers extensive expertise in urban development, smart mobility, asset management, design, sustainability, and landscape architecture within the Kingdom. PARSONS WINS PMO CONTRACT FOR KING SALMAN PARK Parsons is set to play a pivotal role in one of the globe’s most visionary city projects, having secured a 25-month PMO contract for King Salman Park REGIONAL NEWS WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 17

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Olly Thomas, Director of Advisory Services, EMEA at Bentley Systems, shares insights on how the Middle East is boldly redefining its infrastructure landscape— embracing smarter solutions, sustainable innovation, and transformative technologies to shape a more connected, resilient, and visionary future…. Powering Urban Evolution CBNME INTERVIEW Olly Thomas, Director of Advisory Services, EMEA at Bentley Systems 18 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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The Middle East has historically been associated with large-scale, often resource-intensive construction projects. How do you assess the current appetite and readiness within the region to embrace smarter and more sustainable construction methodologies genuinely? The appetite is strong to embrace these smarter methodologies in design and construction. Using these approaches is about building confidence, as early as possible, that the final delivery will be achieved in the most efficient, cost-effective and sustainable way. Initiatives such as the Dubai 2040 Vision and the Smart Cities Vision from the Kingdom of Saudi Arabia are helping to promote interest in embracing smarter, digital methodologies and approaches. These clarify the future direction for the region and the importance of urban development. To achieve these long-term visions, using innovative technologies and aligning across the full lifecycle is imperative. The region is recognising the value of new ways of working, and I think we will soon see a fundamental shift toward becoming a leader in this approach. One critical area that needs to be recognised is that smart design and construction are setting the foundation for the operation of the urban environment. If only design and construction were improved, we would have missed enormous opportunities and associated benefits. What key drivers push the Middle East towards smarter and more sustainable construction beyond just environmental concerns? Three specific areas combine to create a push and pull towards smarter construction. These are: Technological advancements: Adopting advanced technologies such as Building Information Modeling (BIM), digital twins, AI, and IoT is transforming the construction landscape. These technologies enable more efficient project management, real-time monitoring, and predictive maintenance, leading to smarter construction practices. If owner-operators are going to maximise their return on investment, then efficiency is POWERING URBAN EVOLUTION WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 19

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CBNME EXPERT INSIGHTS key. Therefore, data and information associated with the ongoing operation and maintenance of the constructed asset becomes paramount. Ensuring the right data is available from inception to retirement is key to having an efficient asset management strategy. The technology available today makes this possible. Health and well-being: There is a growing awareness and demand for improved quality of life. Smart and sustainable construction are essential to meeting these social and cultural expectations. Using available technology, buildings and cities can be designed to improve occupant health and well-being by providing better air quality, natural lighting, and comfortable living environments. Cities will reduce traffic congestion and enhance public services. Market Demand: Demand for housing, transportation, and services is increasing. In addition, customers are increasingly prioritising sustainability and energy efficiency in their purchasing decisions. These things, in combination, make it imperative that smart cities and sustainable infrastructure are developed. Can you highlight some specific examples of innovative projects or initiatives in the Middle East that exemplify this shift towards smarter and more sustainable construction? Diriyah Gate is making the most of the tools available. They used a set of technologies, including SYNCHRO from Bentley, to revolutionise the 4D planning of the Diriyah Gate Project in Riyadh. As a result, they were able to achieve: • 66% reduction in logistics resources • 50% faster issue resolution • 272 days saved in potential delays • Avoid a $2M temporary bridge What key challenges or roadblocks might the Middle East face in fully transitioning from traditional to smarter and more sustainable construction practices? Some of the roadblocks will be associated with technology itself and the adoption of these new ways of working. There is a need for skilled professionals who can effectively implement and manage these technologies. The region faces a shortage of infrastructure engineers and professionals. Schools and universities must teach the skills required to make the most of the opportunities. This leads to a second potential roadblock. Collaboration will be critical to success. 20 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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POWERING URBAN EVOLUTION We will need governments, owner-operators, designers, constructors, and technology companies to all work together. Every entity has a significant part to play in the transition to the new ways of working, and without collaboration, the visions being set will not be achieved. Economic factors must be considered as well. Transitioning to more innovative and more sustainable construction practices can be expensive. This includes the initial investment in new technologies and the ongoing costs of maintaining sustainable systems. These will be offset, and there are likely to be significant savings in the total cost of ownership. However, they must be clearly articulated and used as part of an overall investment decision. This takes time, vision, drive and innovation. We will have to guard against those who say, “We have always done it this way”, and provide clear drivers to achieve smarter working methods. The Total Cost of Ownership challenge needs to be addressed right at the beginning of design. Within Bentley Advisory, we always work with our clients with the premise of “start with the end in mind”. To be sure that the outcome is achieved, it is imperative to define that outcome and ensure that everything from the initial design through build and into operation aligns with the end goal. The challenge, of course, is that the designers focus on their part, the constructors on theirs etc., which leads to silos of knowledge that make it extremely difficult (and costly) to achieve the end state. How can Bentley Advisory Services facilitate this transition towards smarter and more sustainable construction in the Middle East? Bentley has a specific framework, our advisory-led approach to ensuring the successful design and implementation, transition and operation of projects. When we’re looking at solutions with our clients, we work through a set of key success factors. While some touch on technology, most focus on helping clients understand the ‘why?’, the ‘what?’, and the ‘how?’ to deliver the agreed outcomes successfully. Additionally, we bring: Industry expertise: Bentley’s team comprises individuals with extensive industry and sector experience, allowing them to engage effectively from the outset and deliver solutions tailored to specific needs. Focus on business benefit: Bentley works with clients to clarify and define priorities. We design and deploy solutions to deliver the most important use cases, ensuring resources are effectively and efficiently focused on the things that will bring the most value. People-centric approach: Bentley pays special attention to users’ experiences, understanding their current experience and designing future user journeys that work for people and teams, unlocking the value from technology investments. Looking ahead 5-10 years, what do you envision as the most significant transformations in the Middle East’s approach to city and infrastructure development, driven by this focus on smarter and more sustainable practices? In terms of technology, the adoption of advanced technologies such as Building Information Modeling (BIM), digital twins, AI, and IoT will continue to transform the construction landscape. These technologies enable more efficient project management, real-time monitoring, and predictive maintenance, leading to smarter construction practices. In five to ten years, we should see these methodologies as standard practice. We should also improve construction quality, design and safety by learning lessons from every project that has gone through into operation. We should realise the health and well-being benefits of an integrated urban environment built with sustainability and integrated living at the heart of the design. Maintenance of the infrastructure and the buildings themselves should be automated, with problems identified before they occur and fixes implemented, again enhancing the quality of life for the citizens. All of this is possible if we start with the end in mind, think holistically, and use the available technologies to improve every aspect of construction and operation. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 21

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CBNME PROPERTY TRENDS Words by: Aya Zhang As remote work influences lifestyle choices, a growing interest in space and flexibility is shaping Dubai’s real estate trends Away from the Center Suburban areas such as Dubai Hills Estate have seen a surge in interest. Image source: Shutterstock 22 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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AWAY FROM THE CENTER T he global shift toward remote and hybrid work has left a lasting imprint on residential real estate—and Dubai is no exception. Once driven by proximity to business hubs and luxury city living, buyer preferences in Dubai are rapidly evolving. Today’s homebuyers are prioritising space, flexibility, and long-term lifestyle value over sheer location, resulting in noticeable changes in both demand and development patterns across the emirate. From Skyline to Suburb: A New Residential Focus Historically, Dubai’s property market thrived on its iconic skyline, with high demand for apartments in central areas like Downtown Dubai, Business Bay, and DIFC. However, as remote work became a permanent option for many, preferences shifted toward spacious villas, townhouses, and low-rise communities. Suburban areas such as Dubai Hills Estate, Arabian Ranches, and Mudon have seen a surge in interest—offering the space and privacy that apartment living can’t provide. Buyers are now looking for extra bedrooms that can serve as home offices, gardens or terraces, and dedicated workspaces—features that support a more flexible, home- based lifestyle. This change is especially notable among families and high-earning professionals who once opted for convenience over space. Tech-Enabled Living and Lifestyle Amenities Take Priority Dubai’s buyers are not only seeking more space but also better in-home technology. Smart home systems, high-speed internet infrastructure, and energy-efficient appliances are quickly becoming must-have features. Developers are responding by integrating tech-enabled designs and promoting communities built around wellness, connectivity, and work-from-home convenience. Communities like Tilal Al Ghaf and Dubai South are gaining traction for offering walkable layouts, parks, retail outlets, and co-working spaces—creating self-contained environments where residents can live, work, and play without long commutes. Increased Interest from Global Buyers and Digital Nomads Dubai’s proactive visa policies, including the Remote Work Visa and Golden Visa, have opened the market to global buyers seeking long-term living solutions in tax-friendly, high-quality environments. Many digital nomads and remote workers from Europe, Asia, and the Americas are choosing Dubai as a base for both business and lifestyle reasons. This influx has further accelerated demand for properties that align with international standards—spacious, well- connected, and move-in ready. The rise of fully furnished, serviced, and smart-enabled properties is a direct response to this demographic shift. Impact on Developers and Market Strategy Real estate developers in Dubai are rapidly adjusting their portfolios to meet the evolving needs of today’s buyers. Projects that once focused on luxury high-rises are being balanced with family-centric, horizontal developments. There’s also a greater emphasis on green spaces, health and wellness amenities, and community integration— trends that are likely to define Dubai’s residential development strategy in the years to come. Looking Ahead: Lifestyle is the New Luxury As Dubai continues to attract residents and investors from around the world, the city’s real estate market is increasingly being shaped by lifestyle rather than location alone. Remote work has redefined what people look for in a home, and developers, agents, and investors who understand and respond to these shifting preferences are best positioned to thrive. For buyers, this is an opportunity to invest not just in square footage, but in a way of living that aligns with the future of work and well-being. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 23

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CBNME BANKING A s the construction industry evolves, financing remains a cornerstone of successful project delivery. In this discussion, Arun Mathur, Global Head of Contracting Finance, Mashreq explores how the bank is driving innovation in construction finance through flexible repayment structures and sustainable investment. The growing role of Islamic finance in the sector is addressed by Iqbal Khanyari, Head of Wholesale Islamic Banking, Mashreq. Mashreq has been instrumental in financing several landmark projects in the UAE. How does this legacy shape your current approach to construction financing? Arun: At Mashreq, we take immense pride in our long-standing commitment to shaping the UAE’s built environment. Since establishing our specialized Contracting Finance Practice in 1991, we have played a pivotal role in financing landmark projects such as the Burj Khalifa, Museum of the Future, Expo 2020 pavilions, and major metro systems. Construction is a cyclical industry and is exposed to ever-changing market dynamics. Our legacy has given us deep industry insights, enabling us to anticipate these market shifts before they occur. Our approach today is rooted in relationship banking customized to client needs and changing times. At Mashreq, we do not simply focus on the mechanisms of financing projects; we identify and establish effective partnerships with the most respected contractors to offer bespoke financial solutions. With new megaprojects emerging, our experience allows us to assess the project requirements more effectively, offer tailored contracting finance structures, and thereby support clients to navigate constantly changing market conditions. Repayment terms for contractors and developers can be a divisive subject. How does Mashreq balance financial risk with providing flexible facility structures that support the sector? Arun: The nature of Contracting financing is inherently complex and bespoke. Contractors need a wide variety of financial products including guarantees, letter of credits and asset-backed short term financing. The Words by: Khadeeja Hamid As a member of Impact Innovation Board, Khadeeja merges creative strategy, emerging trends, and community building to drive transformation. With a Fine Art background and a passion for cultures, she crafts impactful narratives bridging startups, industry insights, and public-private sectors. Leveraging a legacy of landmark projects, Mashreq is driving the next wave of construction finance with bespoke solutions, green incentives, and Shariah-compliant innovation Financing the Future Construction of 24 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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size and mix of these products varies with the nature and stage of each project. To add to this, Contractors often face delayed payments, cost escalations, and sometimes uncertain project timelines. Efficient contracting finance solutions are structured around the project cash flows hence, are self-liquidating in nature. At Mashreq, we recognize these challenges and design facility structures aligned to the project while ensuring financial prudence and discipline. Our goal is to enable contractors to effectively execute the project, without jeopardizing financial stability. One of the key solutions we offer is milestone- based financing, which sets down facility drawdowns and repayments in lines with project cash flows and completion of project milestones . This reduces financial strain on contractors and allows us to assess financial risk dynamically to adjust facility terms as project progresses, ensuring that our facilities are available at crucial phases of the project. The construction sector is under increasing pressure to adopt sustainable practices. How does Mashreq incentivize green projects, and what criteria does it consider when financing sustainable developments? Arun: We actively incentivize green projects by offering preferential financing rates for developments that align with ESG (Environmental, Social, and Governance) criteria and independently measurable ESG key performance indicators (KPIs). FINANCING THE FUTURE OF CONSTRUCTION Arun Mathur Executive Vice President & Managing Director, Global Head of Contracting Finance Mashreq Corporate & Investment Banking Group WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 25 WWW.CBNME.COM

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When assessing projects for financing, we prioritize designs that incorporate sustainable building materials and energy- efficient technologies; that follow international green certification standards such as LEED or Estidama; and that utilize smart infrastructure to reduce energy consumption and waste. Iqbal: We also offer green sukuks/ bonds and sustainability-linked financing, enabling clients to access capital at lower costs if they meet specific sustainability targets. This reinforces our commitment to fostering a greener, more resilient construction ecosystem. With the GCC seeing over $273.2 billion in contract awards in 2024, how is Mashreq positioning itself to support this boom in construction activity? Arun: The region is experiencing an unprecedented surge in construction, particularly in Saudi Arabia, the UAE, and Egypt. At Mashreq, we are expanding our financing solutions to support developers, contractors, and investors who are capitalizing on this growth. Our approach includes resilient regional expansion, with a focus on strengthening our presence in key growth initiatives like Saudi Arabia’s Vision 2030 developments and Egypt’s New Administrative Capital projects. Through innovative funding mechanisms, we offer tailored financing solutions to help firms secure large-ticket project funding. To expedite project financing for onboarded clients, we prequalify clients and pre-assess their execution capabilities, thus streamlining the credit approval process, enabling contractors to access capital faster for specific project needs. As a regional bank with presence across GCC and Egypt, our contracting CBNME BANKING Iqbal Khanyari Head of Wholesale Islamic Banking Mashreq Corporate & Investment Banking Group 26 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM 26 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025

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finance practice offer our clients, a single-window to meet the financing requirements of their projects, not just in the UAE, but the rest of GCC and Egypt. Islamic finance has gained traction in the construction sector, offering interest-free alternatives that align with Shariah principles. How does Mashreq integrate Islamic financing solutions into its construction lending portfolio, and what advantages does this offer to developers and contractors? Iqbal: Islamic finance is a key pillar of our construction financing offerings. We provide asset-backed, cash-flow- driven funding and Shariah-compliant financial solutions that cater to clients who prefer interest-free alternatives while maintaining the same level of financial flexibility, ensuring ethical, interest-free funding through markup and profit-sharing models. A range of key products make up our Islamic banking offering; Kafalas offer bid bonds, mobilization, performance, retention, and warranty guarantees, while letters of credit include Wakala for services and Murabaha for goods. Receivables-backed financing includes Wakala or Commodity Murabaha, tied to progress payment certificates. Contingent financing includes Mudaraba or Musharaka for structured project funding. Looking ahead, what trends do you foresee shaping the future of construction financing? Arun: I believe the future of construction financing will be driven by three key trends. Demand for sustainable finance – green and ESG-linked financing models that align with global sustainability goals – will grow. There will be wider adoption of integrated digital solutions such as AI- driven risk assessment, digital facility management platforms, and automated decision-making to enhance efficiency and reduce delays. And there will be a shift towards flexible financing models such as hybrid solutions that blend traditional contract lending with PPPs, Islamic finance, and digital funding mechanisms, enabling real-time budget tracking, loan applications, and financial insights. By integrating these innovations, we enhance transparency, streamline access to capital, and improve overall project efficiency, providing clients with a seamless, future-ready banking experience. At Mashreq, we continuously evolve to meet these industry shifts, ensuring we remain the financial partner of choice for the next generation of construction and infrastructure projects. FINANCING THE FUTURE OF CONSTRUCTION WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 27

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Jason Millett, Group Chief Executive at Mace, has carved a remarkable path marked by visionary leadership and industry-defining impact. His journey reflects a deep-rooted commitment to innovation, sustainability, and purpose-driven growth. Under his guidance, Mace continues to shape the future of global construction with bold ambition and strategic clarity. Anchoring Future Landmarks Legacy Of Leadership Jason Millett has experienced an exciting 35 years in his career and feels privileged to have held senior leadership positions at several industry-leading companies in construction, consultancy, and private financing. “I am particularly proud of my time as CEO of Mace Consult, where I led the transformation of the business from a UK-focused property and infrastructure consultancy to a global delivery consultancy. During my tenure, we achieved year-on-year growth, with revenues reaching $932 million and more than 5,200 employees operating across Europe, the Middle East, Africa, Asia Pacific, and the Americas,” says Jason Millett, Group Chief Executive at Mace. Jason’s leadership style is characterised by a focus on growth, agility, the sharing of global best practices, and a courageous ‘can-do’ attitude. He is passionate about building and developing talented teams and collaborating with clients to solve problems, provide value, and deliver positive and meaningful outcomes. Words by: Vibha Mehta 28 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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ANCHORING FUTURE LANDMARKS Jason Millett, Group Chief Executive at Mace WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 29

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CBNME COVER STORY Earlier in his career, Jason led major programs, including the London 2012 Olympic and Paralympic Games, Expo 2020 Dubai, the transformation of London’s Euston Station for HS2, and various roles as a commercial delivery partner that contributed to Mace’s growth in the UK Defence sector. Polished By Progress Since joining Mace in 2008, Jason has held various leadership roles that have prepared him to become the Group Chief Executive. “As a shareholder and member of the Mace Board, I understand the responsibility and commitment required to do what’s right,” Jason comments. As the CEO of Mace Consult, he was tasked with leading major programs in the UK, focusing on enhancing infrastructure capabilities and implementing best practices from initiatives like the London 2012 Olympics. This experience enabled him to successfully spearhead the international expansion of the business and establish a new global operating model. He adds, “Our delivery-focused consultancy and construction expertise have allowed us to create a unique approach for major projects such as the Lima 2019 Pan American Games, Expo 2020, the MTR railway extension projects in Hong Kong, and the recently appointed New Hospital Programme in the UK.” He has also gained valuable insights from working with important clients and enjoys supporting them in problem-solving and challenging ideas to achieve the best possible outcomes. Furthermore, he is passionate about health, safety, and well-being. He served as the Board sponsor responsible for implementing Mace’s ‘Safety First. Second Nature’ approach, among other initiatives. Expanding Regional Footprint Mace aims to become the world’s leading programme manager. Their global operating model is designed to facilitate growth and resilience across businesses in Europe, the Middle East and Africa, Asia Pacific, and the Americas. King Salman International Airport is set to become a global aviation hub in Riyadh, blending cutting- edge technology with sustainable design to support Saudi Arabia’s Vision 2030 and accommodate up to 120 million travelers annually by 2030 30 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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ANCHORING FUTURE LANDMARKS With the Middle East undergoing significant transformation, particularly driven by Saudi Arabia and the UAE, Mace takes pride in contributing to major projects and programmes that help realise clients’ visions, shape skylines, and set new global standards. Jason states, “We see strategic growth opportunities in several areas across the Middle East, including Saudi Arabia, the UAE, and Oman. While our primary focus is on delivering for our clients, we are committed to providing value, achieving better outcomes for people and communities, and fostering industry innovation.” In Saudi Arabia, Mace is concentrating on securing long- term, high-value commissions and exploring additional opportunities in the events sector. Furthermore, they plan to expand their operations in the UAE and Oman, particularly in infrastructure and energy transition. Growing With Purpose Mace has been operating in the Middle East for over 25 years, starting in the UAE, where it has successfully completed several iconic projects and programs, including Dubai Marina, Jumeirah Beach Residences, One Za’abeel, and Expo 2020. Mace has maintained a strong company culture, and its Middle East and Africa (MEA) business has grown to approximately 1,200 employees across seven countries. This is primarily thanks to the dedication of long-serving employees who provide leadership and continuity. “We are focused on expanding our work delivering cities, public spaces, and national infrastructure programs. We leverage our strong global track record to support clients with program and project management, cost and commercial services, PMO and planning, and business advisory services,” highlights Jason. The company is also looking to expand its presence in the technology, climate resilience, and health sectors to foster growth and further diversify its offerings. Bold Market Moves Mace Consult CEO Davendra Dabasia, MEA Managing Director Chris Seymour, and the MEA leadership team have identified several key focus areas to drive growth in the region further. “We believe that the most crucial part of our business is our people. We want to ensure we continue to strengthen and diversify our workforce. To achieve this, we are implementing graduate programs and nationalisation strategies in the region to develop the next generation of local leaders and leave a lasting legacy in the countries where we operate,” explains Jason. One Za’abeel in Dubai stands as an architectural marvel, featuring the world’s longest occupied building link and redefining the city’s skyline with its iconic twin towers and luxury mixed-use spaces WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 31

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CBNME COVER STORY They recognise that digitalisation is increasingly affecting the entire life cycle of the built environment. As a result, they continue to support clients with digital program and project solutions to drive growth and efficiency. Maintaining a relentless focus on client and community engagement and collaboration built on knowledge and best practice sharing is essential for the business. Additionally, they aim to ensure that their ambitions extend beyond project completion to create lasting change for the environment, people, and communities. Shaping Iconic Futures Mace is proud to have a strong presence in major projects and national and cultural significance programs across the Middle East. The company collaborates with clients and partners to achieve bold and impactful results. In Saudi Arabia, Mace plays a vital role in delivering renowned giga projects and major programs, including Diriyah and King Salman International Airport, while supporting the Kingdom’s transformation under Vision 2030. Jason adds, “In the UAE, we are excited to work with our long- standing client, Dubai World Trade Centre, on Phase 1 of the Dubai Exhibition Centre expansion at Expo City Dubai. Our ongoing collaboration with Expo City Dubai continues our legacy of contributing to the development of Dubai’s new urban centre.” Mace has also been entrusted with delivering several other prestigious projects across the region and looks forward to sharing updates soon. Complex Made Simple “Our people are our greatest asset, and we wouldn’t be celebrating achievements like the delivery of the record-breaking One Za’abeel last year without their effort, skill, and expertise,” Jason remarks. Many of the successes in the MEA region have stemmed from knowledge sharing, strong construction expertise, collaboration, and teamwork throughout the Group. He emphasises, “To remain competitive and innovative, we must continue to grow the size and capabilities of our teams.” Perhaps the thing that is most consistently valued by Mace colleagues is the opportunity they provide to work on complex major projects and programmes. Currently, there is no better place for this than the Middle East, and they can only continue to do so if they have enough of the very best people. Navigating Industry Shifts Like all regions, the Middle East’s construction industry faces several challenges, including regulatory complexities, resource constraints, and the need for sustainable development. Mace addresses these challenges by leveraging its extensive experience, expertise, and local knowledge to navigate them effectively. Jason states, “We focus on staying updated with regulatory requirements and changes, optimising resource utilisation, and adopting sustainable practices to minimise our environmental impact. By fostering strong relationships with local stakeholders and continuously innovating, we are well- equipped to overcome these challenges.” While they view data and digital transformation as opportunities, they also recognise challenges, such as integrating new technologies within existing regulatory Dubai Exhibition Centre Public Realm and Southeast Hall expansion 32 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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frameworks. Ensuring cybersecurity and data privacy while adopting these digital solutions is also critical. Sustainability In Action They are acutely aware of their responsibility to address the climate challenge, which is why one of their strategic priorities is to pursue a sustainable world. Globally, they employ nearly 200 sustainability experts who assist clients at both portfolio and asset levels. This includes supporting new builds and creating decarbonisation pathways for existing assets. According to Jason, “Our experts take a whole-life-cycle approach, which involves mapping sustainability ambitions, recognising opportunities to incorporate sustainable practices, identifying key stakeholders, and fully understanding the overall impact on the environment and surrounding communities.” In addition, they engage in significant sustainability and social value initiatives, including promoting circularity in construction and participating in community-focused projects, such as delivering essential infrastructure in Peru. In the UAE, they have recently become an industry partner of the Emirates Green Building Council, and in Saudi Arabia, they are contributing to sustainable development as part of Vision 2030. Future-Focused Framework Mace focuses on utilising its expertise in technology and innovation to provide cutting-edge solutions for its clients. It employs various innovative technologies, including Building Information Modelling (BIM), virtual reality, 3d printing, and off- site and pre-assembly solutions. These advancements streamline processes, enhance productivity, reduce costs, and improve project outcomes. Last year, Mace invested approximately $90 million in research and development. They recognise the importance of digitalisation in transforming every aspect of the built environment—from project planning and design to construction and infrastructure operations. “By investing in our digital capabilities, we are well-positioned to capitalise on the growing demand for smart cities and technological advancements in the Middle East. Our goal is to help clients create sustainable, connected communities that enhance the quality of life for residents and align with the region’s long-term development objectives,” Jason concludes. ANCHORING FUTURE LANDMARKS Diriyah’s Salwa Palace stands as a restored symbol of Saudi Arabia’s rich heritage, where traditional Najdi architecture meets meticulous preservation efforts within the heart of the Kingdom’s historic Diriyah district Expo 2020’s Al Wasl Plaza served as the iconic heart of the event, while the Sustainability Pavilion, Terra, stood as a powerful symbol of environmental innovation, showcasing cutting-edge solutions for a greener future

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I nnovation took center stage in Riyadh as the Construction & Design Innovation Summit Saudi 2025 brought together visionaries and change- makers from across the built environment. Took place on April 14 at voco Riyadh, the summit ignited impactful discussions on future- ready design, sustainability, and transformative development shaping the Kingdom’s next chapter. More than just a conference, the summit was a vibrant exchange of ideas—spotlighting the cutting- edge technologies, transformative trends, and strategic approaches that are redefining construction and design across Saudi Arabia and beyond. From sustainable building practices and innovative materials to digital transformation, advanced project management, and modern fit-out solutions, the summit covered the full spectrum of topics shaping the industry today. Key discussions included future- proofing Saudi cities, revolutionising construction & design in KSA, Infrastructure development and innovation in Saudi Arabia’s giga projects, and a panel dedicated to workspace design in Saudi Arabia. Beyond the knowledge-sharing sessions, the summit proved to be an invaluable networking arena. It brought together professionals from every corner of the construction, design, and architectural ecosystem, facilitating meaningful connections, strategic collaborations, and long- term partnerships that will help shape the industry’s future. We extend our heartfelt thanks to our esteemed speakers and panellists for their invaluable contributions, as well as to all attendees who helped make the Construction & Design Innovation Summit Saudi 2025 a truly memorable and impactful event. Together, we’re not just discussing the future—we’re building it. THE CONSTRUCTION & DESIGN INNOVATION SUMMIT SAUDI 2025 SERVED AS A DYNAMIC PLATFORM WHERE VISIONARIES AND TRAILBLAZERS CAME TOGETHER TO EXCHANGE IDEAS, UNVEIL INNOVATIONS, AND REDEFINE THE FUTURE OF DESIGN AND CONSTRUCTION IN THE KINGDOM. Ignites in the Kingdom Innovation WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 35

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Rachael Jones Head of Specialist Services – Project & Development Services KSA JLL Samer Yamak Director for Advisory TAM Development Paul Fraser Director of Planning, Landscape and Urban Design AtkinsRéalis Mohamad Rabih Itani Moderator Partner ‑ Residential Sales and Marketing Projects, Knight Frank P A N E L 1 Future-Proofing Saudi Cities O ne of the standout panel discussions at the summit centred on the theme of future-proofing Saudi cities—a topic of growing urgency as the King- dom undergoes rapid urbanisation and confronts the realities of climate change. Panellists explored how sustainable architecture, green technologies, modular construction, and smart urban design are no longer optional, but essen- tial components in creating resilient, adaptable cities. Through compelling key- note addresses and expert dialogues, the session highlighted how Saudi Arabia’s giga-projects and infrastructure developments are setting new global benchmarks for innovation, ambition, and long-term viability in the built environment. With Saudi Arabia’s swift urban growth and the rising challenges of climate change, speakers highlighted the importance of building resilient cities through sustainable design, advanced green technologies, modular construction, and smart urban solutions. SAUDI 2 0 2 5 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 & DESIGN & DESIGN 36 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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SAUDI 2 025 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 & DESIGN & DESIGN P A N E L 2 Digital Twin: Revolutionising Construction and Design in KSA A digital twin is a dynamic virtual replica of a physical asset, system, or process— continuously updated with real-time data through sensors, IoT, and AI. This pow- erful tool enables project teams to simulate scenarios, monitor performance, and optimise outcomes throughout the asset’s lifecycle. Experts on the panel discussed how digital twins are enhancing decision-making, reducing costs, and increasing efficiency, particularly in Saudi Arabia’s ambitious giga-projects, where precision, adaptability, and data-driven insights are paramount. As the Kingdom embraces digital transformation in the built environment, digital twin technology is fast becoming a cornerstone of smart, sustainable development. Dina Murali Design Director & Founder, DZ Design Leigh Miles Regional Director, OPTIMA Yahya Morsi CEO, BIMLEAD Mina Vucic Director of Production and Multimedia, Entrepreneur Middle East The panellists explored the concept of digital twins — dynamic virtual models of physical objects, systems, or processes that are constantly refreshed with real-time data. Leveraging sensors, IoT, and AI, digital twins enable smarter simulation, monitoring, and performance analysis. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 37

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SAUDI 2 0 2 5 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 & DESIGN & DESIGN P A N E L 3 Shaping the Future: Infrastructure Development and Innovation in Saudi Arabia’s Giga Projects T he panel offered a deep dive into the transformative infrastructure strategies powering the King- dom’s most ambitious developments. As Saudi Arabia positions itself as a global leader in urban innovation, the discussion sheds light on the complex challenges and forward-thinking solu- tions shaping its giga projects—from NEOM to the Red Sea Project and be- yond. Experts explored advancements in smart city frameworks, sustainable master planning, and the integration of next-generation transportation networks. The panel underscored the critical role of infrastructure as the backbone of Saudi Arabia’s Vision 2030, showcasing how cutting-edge engineering, digital systems, and sus- tainability are redefining the way cities are built and experienced. Marwan Bsaibes Managing Principal, Omrania Jade Marjurum Associate Director Procurement Mace Adnan Amro Innovation Director, ROSHN Group Ghadeer Atallah Cultural Assets Development Associate Director, Diriyah Company Lama Al Kharboush Associate Director, Aedas Vibha Mehta Moderator Editor in chief of Construction, Business News ME and Logistics News ME 38 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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SAUDI 2 025 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 & DESIGN & DESIGN Ben Corrigan Founder & Managing Director, Bluehaus Stacy Stewart Regional Director – Middle East & Africa, Millkerknoll Nermeen Zeineddine Head of Design, INC KSA Nick Roemer Director of Design (UAE), STUDIOMINT Design Group Leila Al Suhaimi Regional Sustainability Head, Retal Urban Development Company Mina Vucic Moderator Director of Production and Multimedia, Entrepreneur Middle East P A N E L 4 Beyond Aesthetics: The Science of Workspace Design in Saudi Arabia T he “Beyond Aesthetics” panel delved into the evolving science of work- space design in Saudi Arabia, moving past surface-level aesthetics to focus on the deeper elements that influence productivity, well-being, and innovation. As the Kingdom redefines its professional environments in line with Vision 2030, the discussion highlighted how ergonomics, smart lighting, advanced acoustics, sustainable flooring solutions, and cutting-edge printing technology are shaping the future of the modern office. Panellists explored how thoughtful design, backed by research and technology, plays a key role in en- hancing employee performance, fostering collaboration, and creating adaptable workspaces that reflect the changing needs of today’s workforce. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 39

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T he Construction Innovation Awards KSA 2025, held on April 14 at VOCO Riyadh, celebrated the Kingdom’s most visionary minds and groundbreaking achievements in construction. Hosted by Construction Business News Middle East and BNC Publishing, the night honoured exceptional individuals, companies, and projects shaping Saudi Arabia’s evolving landscape. With Saudi Vision 2030 setting the blueprint, KSA’s construction industry is witnessing a remarkable transformation—driven by ambitious giga projects, smart city developments, and an unwavering commitment to sustainability. From NEOM to The Line and Diriyah Gate, the Kingdom is reimagining urban living at an unprecedented scale. This rapid growth has opened new frontiers for innovation, collaboration, and global excellence. This year’s wave of nominations—both from industry veterans and rising stars—reflected the sector’s growing energy and ambition. We thank everyone who contributed to making this celebration of innovation and excellence a true success. A heartfelt congratulations to all the winners whose dedication and creativity are redefining Saudi Arabia’s built environment. Your efforts are not just constructing structures—but inspiring future possibilities across the Kingdom. Together, we’re building the future—brick by brilliant brick! Multimedia Production Credits: Eduardo Buenagua and Joel Amparo Constructing Winning Legacies WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 43

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K ing Abdullah Financial District (KAFD) in Riyadh exemplifies the Kingdom’s ambition to set new global benchmarks in urban development. As one of the most transformative commercial projects in Saudi Arabia, KAFD redefines modern city planning through its smart integration of walkable infrastructure, cutting-edge design, and sustainability. With 95 architecturally striking buildings created by over 25 of the world’s top architectural firms, the district’s skyline is bold and harmonious. Its pedestrian-friendly layout and direct access to Riyadh’s new metro system position KAFD as a future-ready hub for finance and innovation. Best Urban Development Project of the Year JLL MENA King Abdullah Financial District (KAFD) 44 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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T he Visa Corporate Office in Riyadh is a seamless blend of cultural heritage and modern functionality. Nestled in Parcel 4.07 of the prestigious King Abdullah Financial District (KAFD), the 880 m² space was completed in December 2024. The project integrates architecture, interiors, MEP, and IT/AV systems under one holistic vision. Inspired by the traditional Najdi doorway, the design reflects Saudi Arabia’s rich cultural roots while catering to contemporary workspace needs. Commercial Project Of the Year INC Group Visa KAFD Riyadh Office WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 45

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T he Al Khobar 2 Reverse Osmosis Desalination Plant marks a major milestone in addressing water scarcity in Saudi Arabia. Designed to serve the Eastern Province, it delivers 600,000 cubic meters of potable water daily, meeting the needs of households and industries in one of the Kingdom’s fastest-growing regions. This large-scale project integrates advanced desalination technologies and reflects a strong commitment to environmental sustainability, resource efficiency, and future-readiness— supporting both population growth and economic expansion. Best Infrastructure Project of The Year ACCIONA, RTCC-Al Rashid Trading & Contracting Company (Closed Joint Stock Company) & SWA Al Khobar 2 SWRO Desalination Plant 46 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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T his project has delivered strong social, economic, and environmental benefits to the local community and the broader region. It has generated employment across various sectors—ranging from construction workers and engineers to architects and skilled professionals—stimulating the local economy and improving livelihoods. Beyond construction, the operational phase has created clinical job opportunities while elevating the standard of healthcare. With enhanced medical infrastructure and increased capacity for specialized services, the project has significantly improved access to quality healthcare, positively impacting community well-being. Sustainable Project Of The Year IHCC Saudi German Medical Complex WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 47

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T he Hampton by Hilton Sharma marks a major milestone as the first hotel to open in NEOM, underscoring the region’s commitment to sustainable, world-class hospitality. Spanning 8,000 m², the hotel offers 201 stylishly designed rooms that combine comfort and elegance. Guests can enjoy a 24-hour gym, an outdoor pool, and the signature Hub restaurant, creating an ideal space for both business and leisure travelers. With energy-efficient systems, smart lighting, and advanced climate control, the hotel sets a new benchmark in eco-conscious hospitality while supporting NEOM’s visionary goals. Hospitality Project of the Year BEC Arabia Hampton by Hilton Sharma 48 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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A ramco’s Riyas NGL project is a multibillion-dollar energy initiative executed on an accelerated timeline, underpinned by a robust innovation strategy. The project embraced a data-driven digital transformation, leveraging digital twin technology to streamline execution and enhance capital efficiency. By integrating diverse data sources and advanced analytics, it delivered real-time insights during the EPC phase, enabling smarter, faster decisions. The use of automation, AI, and a 7D digital twin framework allowed seamless data handover throughout the lifecycle—from early concept to operations—reducing CAPEX and boosting project outcomes. Digital Innovation Of The Year Saudi Aramco RIYAS NGL project WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 49

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A tkinsRéalis delivered a landmark metro project across Lines 4, 5, and 6, enhancing Saudi Arabia’s transit network with cutting-edge Unattended Train Operation (UTO) systems. Monitored through advanced control centers, the lines reflect engineering precision and innovation. By adopting an integrated design approach, the team successfully overcame the challenges of building in complex urban environments, reinforcing smart mobility across the Kingdom. Excellence In Public Transport Development AtkinsRéalis Riyadh Metro Lines 4,5 & 6 50 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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O SUS Eye is set to transform Riyadh’s real estate scene with a fully integrated tourism and hospitality destination that reflects OSUS’ commitment to innovation and world-class development. The project blends lifestyle-oriented living with luxury hospitality, premium retail, office spaces, and entertainment facilities—creating a vibrant urban hub that enhances daily life for residents and visitors alike. It’s a visionary step toward aligning with both local aspirations and global market standards. The project marks a bold step in redefining Riyadh’s real estate landscape, setting a new benchmark for quality, design, and lifestyle integration. Best Mixed Use Project Of the Year OSUS OSUS EYE 52 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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S ustainable brine concrete repurposes desalination waste into a high- performance, eco-friendly material. Combining brine with cement, clay, limestone, and sand, it reduces reliance on freshwater and traditional cement. In partnership with the NEOM Water Innovation Center, a custom 3D printing system was developed to handle its unique properties—marking a breakthrough in circular, sustainable construction. Best Innovative Project of The Year NEOM Building Tomorrow: Brine Concrete And The Future Of Sustainable Construction WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 53

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T his project marks a transformative step in substation design, introducing Saudi Arabia’s first multi-story 110kV substations in Madinah. By adopting a vertical layout, the development sets a new standard for space-efficient, high- performance power infrastructure tailored for dense urban areas. It addresses land constraints while boosting operational capabilities. Architecturally, the design honors Madinah’s cultural heritage, blending traditional elements with modern functionality. This innovative approach redefines how critical utilities can be integrated seamlessly into historic urban landscapes. Innovation in Architecture Award Rua Al Madinah RAM Project – Multi-Storey 110KV Substations project 54 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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A LMANAR Phase 1 is a 2.5 km² development in Makkah designed to foster a vibrant, sustainable community grounded in cultural and religious heritage. The master plan emphasizes quality of life, walkability, and connectivity through lush green spaces, public parks, and pedestrian-friendly pathways. A key feature is the site’s natural topography, shaped by existing drainage patterns, which informs the layout and creates an organic network of open spaces. The project integrates environmental sensitivity with thoughtful urban planning to deliver a modern, community-focused residential destination. Masterplan of the Year ROSHN ALMANAR ROSHN WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 55

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R heem also introduced the myrheem. com platform and the Pro Partner™ loyalty program, empowering clients with digital tools and educational resources. Their Cool$aver software further enhances energy efficiency insights. This integrated service approach—training, digital tools, and performance analytics—demonstrates Rheem’s strong commitment to customer support, innovation, and sustainability in the HVAC sector. This holistic approach not only strengthens client relationships but also positions Rheem as a forward-thinking leader in delivering smarter, greener HVAC solutions. Client Service Excellence Award Of The Year Rheem Manufacturing 56 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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K EO’s Digital Advisory Services (DAS) is leading the transformation of the construction sector with advanced construction technology solutions. Leveraging tools like C#, Python, JavaScript, and APIs, the team enhances project efficiency, drives growth, and promotes sustainability. With an agile, adaptable approach, DAS ensures seamless integration of innovation and strategic insights. Construction Technology Provider of The Year DAS by KEO International Consultants WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 57

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With deep knowledge of Saudi Arabia’s construction sector, Doka has played a key role in landmark projects like the King Abdullah Financial District, Masjid al-Haram expansion, Metro Riyadh, and over 50 high-rises. Its expertise continues to support the Kingdom’s giga projects through robust engineering, proven capability, and large-scale delivery. Formwork and Scaffolding Company of The Year Doka 58 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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E FSIM Facilities Management Company, a Saudi- based firm backed by global expertise, has played a pivotal role in the Kingdom’s development for over 16 years. As a fully integrated service provider, EFSIM offers more than 75 specialized facilities management solutions across vital sectors and regions. With a workforce of over 8,000 professionals, managing more than 32 million square meters and overseeing 100+ active contracts, the company exemplifies large-scale, efficient, and responsible service delivery across Saudi Arabia. FM Company Of the Year EFSIM Facilities Management Company WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 59

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LINQ is advancing modular construction in the GCC, offering high-quality, ready-to-deploy hospitality and residential units. With the capacity to deliver around 1,900 luxury rooms annually, it supports developers in meeting growing demand while ensuring efficiency and sustainability. Best Contractor of Innovation in Construction Techniques LINQ by ALEC 60 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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A Ji Group, with over 60 years of global experience, is a leading consultancy in project management, infrastructure, and architecture. Operating across Saudi Arabia and the UAE, it manages an SAR 8 billion portfolio for Riyadh Municipality, achieving SAR 753 million in savings. AJi has enhanced project delivery through tailored digital tools and extensive team training. Its expertise spans PMO, construction management, and advisory services. With a strong ESG focus, AJi plays a pivotal role in advancing sustainable development in the region. Project Management Company Of The Year AJi Group WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 61

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FACEBOOK.COM/CBNME @CBNME CONSTRUCTION BUSINESS NEWS ME WWW.CBNME.COM | JUNE 26TH | AL HABTOOR PALACE Gold Partner Recognizing the exceptional achievements of major construction powerhouses - real estate giants in the Middle East Nominate Now FOR EDITORIAL VIBHA MEHTA +971 58 6314145 vibha@bncpublishing.net FOR SPONSORSHIP OPPORTUNITIES JOAQUIM D’COSTA +971 50 440 2706 jo@bncpublishing.net ANDREA MOCAY +971 54 502 7927 andrea@bncpublishing.net

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Excelair, a flagship brand under CMS, offers a broad range of premium HVAC products tailored to meet evolving industry demands. Its portfolio includes air filters, outlets, ducting, fire duct systems, MEP accessories, and more—positioning it as a standout in the HVAC sector. Supplier Of The Year CMS Global 64 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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Doughlas OHI champions sustainability, ethics, and efficiency to create a positive, inclusive future. Every initiative reflects a deep commitment to lasting environmental and social impact which is not just confined to work, but beyond. HSE Initiative Douglas OHI WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 65

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I NC’s sustainability efforts are anchored by its ESG COMMIT governance model, which drives continuous improvement across environmental, social, and governance standards. The company’s Green Team leads various community-driven initiatives like upcycling challenges, recycling programs, and outreach campaigns. In addition, INC strengthens its sustainability framework by collaborating with external contractors, suppliers, and waste management partners to promote responsible practices throughout the supply chain. Sustainable Contractor Of the Year LINQ by ALEC 66 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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K EO International Consultants introduced GreenPort™, an advanced environmental monitoring tool tailored to meet the evolving sustainability needs of construction projects in Saudi Arabia and beyond. Initially developed to support the Qatar World Cup’s rigorous environmental standards, GreenPort™ later proved its value during Dubai Expo. Now a scalable and accessible solution, it is available for download via the App Store and Play Store, empowering users with real-time insights for sustainable construction management. Best Innovation In Construction KEO International Consultants WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 67

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H ouse of Consulting Office delivers comprehensive, multi-disciplinary engineering design solutions across civil, structural, mechanical, and electrical disciplines, including fire safety, HVAC, IT, and AV systems. Their expertise extends to master planning, infrastructure coordination, and specialized services such as geotechnical and topographical surveys, reverse engineering, and fire and security system validations. This integrated approach ensures efficient, high-quality project execution tailored to complex development needs. Best Engineering Firm Of the Year House of Consulting Office 68 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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EFSIM is reshaping Integrated Facilities Management (IFM) in Saudi Arabia through a Circular Economy approach that prioritizes zero waste, carbon footprint reduction, resource optimization, and the use of renewable energy. Their forward- looking initiatives reflect a strong commitment to sustainability, operational efficiency, and long-term resilience. Sustainability Initiative of the Year EFSIM Facilities Management Company for Circular Economy Framework WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 69

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J LL MENA applied an integrated approach by blending strategic advisory, in-depth market research, and advanced site-scanning technologies to enhance project planning and viability. This combination allowed the team to develop a more precise phased delivery strategy while identifying key development opportunities and risks early on. Their tailored methodology helped ensure projects aligned with both market demand and long-term investment goals. Consultants of The Year JLL MENA 70 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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B EC Arabia is a multifaceted organization known for its wide- ranging capabilities, spanning Tier-1 contracting, real estate development, ready-mix concrete, landscaping, and facilities management. The company operates with a firm commitment to integrity, driven by a strong Code of Conduct and core values that uphold the highest standards of professionalism and ethics. Contractor Of the Year BEC Arabia WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 71

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Y amen AlShaer was promoted to Regional Sales Manager in 2024 for his pivotal role in driving business growth, strategic sales initiatives, and market expansion. He led the sales team to surpass revenue targets, developed strategic plans to enhance CMS Global’s market presence, fostered strong industry relationships, and secured key product approvals and listings with major authorities across Saudi Arabia. Engineer Of the Year Yamen AlShaer CMS GLOBAL 72 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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Rawan Bin-Hussain is a pioneering figure in the construction sector, celebrated for her visionary leadership and forward- thinking strategies. With more than ten years of experience, she has played a vital role in numerous landmark projects that support the goals of Saudi Arabia’s Vision 2030. Woman Executive Of the Year Rawan Bin Hussain AtkinsRéalis 74 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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U nder Tamer’s leadership, Rua Al Madinah adopted a fully integrated digital ecosystem incorporating PMIS, BIM, GIS, and Reality Capture technologies. These tools were embedded across 20+ project functions, streamlining workflows from planning and design to construction, permitting, and operations. His strategic vision involved conducting over 30 workshops and proof- of-concepts with 23+ vendors, ensuring the implementation of scalable and sustainable solutions tailored to project needs. Innovator Of The Year TAMER MAGDY ELGOHARI Rua Al Madinah WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 75

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S pearheaded by Sultan’s forward-thinking vision, IHCC is shaping the region’s future through transformative developments that combine innovation, luxury, and sustainability. The company is delivering premier projects such as luxury resorts in the Red Sea and a five-star hospitality destination in Taif City. Its expansion into the hospitality sector, including the construction of a signature Marriott Autograph hotel in Jeddah, underscores IHCC’s growing reputation for excellence and its ability to deliver iconic, high-impact landmarks. Construction CEO Of The Year Sultan Batterjee IHCC 76 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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CBNME INTERVIEW What key architectural trends do you foresee shaping the UAE’s design landscape in 2025? Inspired by a forward-thinking leadership and their vision for ‘We the UAE 2031’, the UAE continues to build on its past achievements and chart a new course towards the four pillars of new goals: Forward Society, Forward Economy, Forward Diplomacy, and Forward Ecosystem. With those inspirational pillars, the architectural design landscape is not only thriving but is also continuing to chart new dimensions and trends in the region and on a global scale. With sprawling suburban communities, connectivity will As DLR GROUP expands its presence into Saudi Arabia, Jamal Salem, Principal & Middle East region director, discusses the firm’s approach to design innovation, cultural preservation, and sustainable urban development. From giga-projects to human-centric spaces, he shares insights on how the firm is shaping the architectural landscape of the region DLR GROUP Cements Expansion In Saudi Arabia Capturing Asir’s cultural essence, history, and craftsmanship in every detail at The Canopy by Hilton The Point 78 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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play a major role in the next development phase for pedestrians, vehicles, public transport or new transportation modal. With the Saudi office launch in April, how do you plan to approach design innovation while respecting the region’s cultural heritage? April 2025 marks an exciting milestone for our firm with the launch of our Saudi office—a strategic step in aligning our brand promise to elevate the human experience through design with the Kingdom’s transformative vision. More importantly, this move builds on years of active work in the Kingdom. We’ve already delivered completed projects, and have others in construction and design—establishing a solid foundation for our presence in Riyadh. Saudi Arabia’s rapid urbanization and deep-rooted cultural heritage present a unique design challenge: how to innovate while preserving authenticity. Our approach embraces this duality by respecting the essence of traditional Najdi, Hijazi, and contemporary Saudi aesthetics while incorporating cutting-edge technology. We aim to craft spaces that resonate with the community, ensuring that modern developments do not overshadow but rather amplify the region’s cultural richness. This approach echoes the recent discourse within the Kingdom around how architecture can meaningfully contribute to cultural identity, well- being, and a deeper connection to place. Through our work, we hope to foster a dialogue between the past and the future, delivering designs that honor the land’s storied legacy. What inspired the decision to expand into Saudi Arabia, and how does it align with the firm’s long-term architectural vision? While the Riyadh office is new, our firm has a longstanding history of engagement in the Kingdom, this proven foundation is what led us to formally establish a presence on the ground. We have been involved in transformative projects in the Kingdom such as The Point, a vibrant mixed-use destination in Abha; Madinah Gate, a mixed-use urban experience that brings together retail, culture, and wellness; and Knowledge Economic City, a key master plan in Madinah advancing the Kingdom’s innovation agenda. The decision to expand into Saudi Arabia is both a response to market potential and an alignment with our long-term vision of being a key player in shaping the region’s architectural identity. Saudi Arabia’s commitment to giga-projects such as NEOM, The Line, and Diriyah Gate showcases an unparalleled ambition in urban development. Our presence in the Kingdom allows us to contribute directly to these monumental projects, ensuring that our designs are not only aesthetically compelling but also culturally and environmentally responsive. This expansion is a natural extension of DLR GROUP CEMENTS EXPANSION IN SAUDI ARABIA Jamal Salem, Principal & Middle East Region Director, DLR Group WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 79

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our firm’s ethos: to create spaces that inspire, endure, and enrich communities. We see this as an opportunity to establish a legacy of thoughtful design that seamlessly integrates Saudi Arabia’s aspirations with global architectural excellence. How will the Saudi expansion influence your design approach, especially in the context of the region’s rapidly evolving built environment? As we embed ourselves into the Saudi market, our design philosophy remains rooted in a commitment to authenticity and sustainability. The Kingdom’s architectural boom demands innovative responses to climate, mobility, and urban density. Our approach will focus on modular and flexible urban solutions, ensuring that developments remain adaptable to future needs while staying true to the cultural spirit of Saudi Arabia. Moreover, our expansion enables us to push the boundaries of material experimentation, leveraging local resources to create buildings that harmonize with their surroundings. Whether through the revival of traditional mud-brick construction techniques or the integration of state-of-the-art parametric designs, we are eager to shape the future while respecting the past. What unique architectural opportunities do you see in Saudi Arabia, and how will the new office support these projects? Saudi Arabia’s design landscape is brimming with opportunities. From revitalizing historic districts to crafting futuristic urban hubs, our Saudi office will serve as a hub of research, creativity, and collaboration. One of the most exciting aspects of this expansion is the ability to engage with the country’s emerging architectural talents and forge partnerships that will redefine the region’s skyline. Hospitality, mixed-use developments, and cultural institutions will be key focus areas, as these sectors are pivotal in Saudi Arabia’s long-term economic and social development plans. We aim to create human-centric spaces that reflect the Kingdom’s vision for a dynamic and inclusive future. As the firm grows, how do you plan to balance creative freedom with maintaining the brand’s design philosophy? Growth presents both opportunities and challenges. One of our primary goals is to ensure that our creative freedom flourishes while maintaining the core DNA of our design philosophy. We believe that expansion should not lead to dilution but refinement—evolving our approach while staying true to the principles that define our firm. Above all, we anchor every project in our global brand promise: to elevate the human experience through design. Through this synergy, we are confident that our brand identity will remain strong while continuously adapting to new contexts. What role will sustainability and technology play in the firm’s upcoming projects across the UAE and Saudi Arabia? Sustainability and technological integration will be at the heart of our future projects. Across both the UAE and Saudi Arabia, we are committed to designing for longevity— creating structures that minimize their carbon footprint Award winning Knowledge Economic City Master Plan, Madinah CBNME INTERVIEW 80 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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while maximizing their impact. The rise of AI-driven design, 3D printing, and digital twins will redefine how we approach architecture. These advancements allow us to simulate environmental performance, optimize material usage, and enhance efficiency at every stage of development. In Saudi Arabia, where desert environments pose unique challenges, passive cooling techniques, green roofs, and water- sensitive urban design will play crucial roles in our strategy. What message would you like to share with the design community as the firm enters this next chapter of regional growth? As we embark on this new chapter, we are reminded of architects’ responsibility in shaping societies. Our work goes beyond aesthetics—it influences how people live, work, and interact with their environment. With this expansion, we are not just growing geographically but deepening our impact on the region’s architectural narrative. To our peers in the design community, we extend an invitation: Let’s collaborate, innovate, and craft spaces that honor our heritage while embracing the future. The Gulf’s architectural renaissance is unfolding before us, and together, we have the privilege of designing its next great era. The journey ahead is one of limitless possibilities, and we are excited to build, create, and inspire—one visionary project at a time. The Point - Mixed-use project, Abha DLR GROUP CEMENTS EXPANSION IN SAUDI ARABIA WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 81

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Natalie Faulkner is Director of PR & Communications at Property Finder. With more than 20+ years’ experience in tech and consumer PR, Natalie has worked for some of the world’s leading brands and agencies, including Amazon Web Services, Dyson, Publicis and M&C Saatchi PR in Paris. She is also a former journalist. Words by: Natalie Faulkner A Turning Point for Trust in Real Estate CBNME AI 82 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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A TURNING POINT FOR TRUST IN REAL ESTATE A I Week came and went with the usual big declarations and bolder predictions but in Dubai’s real estate market, it was less about what’s coming and more about what’s already here. In recent weeks, the Dubai Land Department (DLD) quietly unveiled one of the most important tools the sector has seen in years - an AI-powered Real Estate Advertising Governance Platform that now monitors over 279,000 listings across major portals. In its first sweep, it found 29% of listings non-compliant and corrected them automatically. No warning. No workarounds. Just cleaner data and a cleaner market. The message? Accuracy is no longer a nice-to-have. It’s the new baseline. For those of us in the industry, this feels like a milestone moment — not because it signals a technological leap, but because it formalises something we at Property Finder have been fighting for: a future where trust is enforced, not just expected. At Property Finder, we’ve always believed that transparency has to be built in - not bolted on. We’ve spent years developing tools like our Listings Action Tracker to remove duplicates, flag expired permits, and keep inflated prices off the platform. We created SuperAgents to rank professionals not on marketing spin but on real-world behaviours: responsiveness, integrity, and customer experience, that in turn encourages agent professionalism. These aren’t just features. They’re signals that tell our users “You can rely on what you see here.” But integrity doesn’t just hinge on listings. Increasingly, it hinges on infrastructure. Behind the scenes, we recently launched our own AI-powered detection system that protects the platform from scraping - a growing threat that quietly undermines data accuracy and erodes market credibility. Every 30 minutes, our system scans site traffic, using behavioural analysis and IP intelligence to identify and neutralise suspicious patterns before they escalate. It’s a tool most users will never see, but it’s working round- the-clock to ensure they’re seeing the right things. This work matters, because our mission at Property Finder for example is bigger than building a classifieds site. We want to change living for good in the region and that starts with giving people real confidence in their choices - whether they’re buying a home, renting one, or making a long-term investment. It’s what sets us apart in the market. What’s exciting now is the alignment we’re seeing between the public and private sectors. DLD’s tech-led enforcement efforts and the growing maturity of platforms like ours suggest we’re at a tipping point not just for AI in real estate, but for accountability in the entire ecosystem. Because the truth is, technology alone can’t fix trust. But smart technology, paired with shared standards and a willingness to clean house, just might. WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 83

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Navigating the Crossroads of Culture, Compliance, and Creativity Operating at the intersection of global ambition and regional regulation, deep cultural fluency and technical expertise is critical to project delivery in the UAE. Each engagement begins with a rigorous dive into the client’s brand DNA and the design intent, ensuring that each creative vision is translated without compromise. This process becomes critical when working with international design teams, whose concepts must be recalibrated to align with local UAE regulatory frameworks, UAE Fire Code and life safety standards, material approvals coupled with landlord requirements, and municipal codes. It is fundamental to bridge the gap between international designs and safeguarding design integrity while delivering a locally compliant asset. Mastering Design Adaptation and Compliance in Iconic UAE Projects At the heart of every project lies the expectation to bring a brand’s essence to life with its identity seamlessly embodied in the built environment . It all begins with “decoding” each design detail and adapting it to meet regional standards without compromising the brand’s DNA. This is especially critical when working with world-class designers unfamiliar with the intricate codes, design guidelines and statutory requirements of the region, often an unchartered territory for International Designers not operating in the region . Translating Global Vision Within Local Realities The Design development phase is the most critical at the outset of the project requiring a deep dive study of Interior Design and the know how of how to adapt it into a fully co-ordinated buildable space with attention to design details not just for Interior Design and Architectural elements but also to Structural Design and MEP design which is the holy grail of a fully compliant and co-ordinated design that can be seamlessly executed at site. Development of a fully coordinated design for landlord approvals, statutory authority submissions and initial authority approvals is the first step. This process demands more than technical precision, it requires a nuanced understanding of site-specific constraints, landlord regulations, and the ability to reconcile international creativity with local compliance requirements. This is usually achieved through rigorous and intense coordination of design elements, material selections, engineering integration, and on-site execution - particularly at the intersection of Interior Design and MEP systems ensuring strict adherence to Fire Life Safety regulations as mandated by the UAE Fire Code. Engineering Complexity into Iconic Design Specialist decorative finishes and key architectural features - whether grand chandeliers, sculptural installations, or bespoke art pieces - must be accounted for from the very inception of the project. Their successful integration hinges not only on visionary design, CBNME PROJECT MANAGEMENT Natasha brings over 17 years of expertise in project and construction management, with a strong foundation in civil engineering. Known for her client- focused approach and leadership on complex, multi-stakeholder projects, she has delivered results across sectors for major names like Emaar, Landmark Group, and Pramerica. Her career spans global roles at Jacobs, Arcadis, JLL, and more, making her a trusted name in front-end project delivery. Words by: Natasha Abbas The Balancing Act: Managing Global Designers, Local Contractors, and Client Expectations 84 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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but on practical buildability, structural foresight, and technical precision. Safeguarding the Design intent, Client brand DNA whilst maintaining compliance to local statutory requirements. Whilst undertaking projects in the UAE and or Dubai, International Designers at the outset need to decode the design guidelines outlined in the building code. For projects in Dubai, The Dubai Building Code (2021) aims to unify the building design across Dubai, and to create a building code that is easy to use. The DBC clearly mandates the minimum requirements for: 1. The health, safety, welfare and convenience of people in and around buildings 2. The health, safety, welfare and convenience of people who might be affected by buildings 3. Building design to reduce the impact on the surrounding environment 4. The sustainable development of buildings. Iconic designs, specialist materials and finishes, signature elements often require to be seamlessly integrated into the design narrative while remaining constructible, safely installed and compliant in terms of combustibility, spread of flame and fire retardancy properties. In certain cases, this means undertaking localized structural interventions, such as the creation of slab openings to unify levels, creation of mezzanine floors, stringent checks involving materials having the fire retardancy properties required in accordance with local code. Mock ups undertaken for Designer sign off are a great way to ensure the look/feel and aesthetics are achieved and exceed expectations upon completion. Global Vision, Local Execution The UAE’s dynamic contractor and supply chain market, enriched by its exposure to numerous international concepts, provides a solid foundation for bridging the gap between visionary forward thinking design and client expectations. This synergy enables the seamless translation of ambitious global ideas into tangible outcomes. With designs conceptualised internationally, the development of the Detail Design undertaken by Local Designers supplementing the vision helps in bridging statutory authority compliance and any site constraints that may be prevalent. Site construction logistics is another key component in managing the final look and feel in line with renders conceptualised at a very early stage in the build process. The careful orchestration of logistics, structural strategy, and hands-on construction management transformed a bold design statement into a built reality. A perfect embodiment of this collaborative success is the stunning chandelier centerpiece at EL&N DIFC. Originally conceptualized in London, the design was further developed in Dubai by Nikki Bisiker Interior Design, engineered by Freeline Engineering, and manufactured in Spain. The piece was then transported and installed in Dubai, marking a remarkable feat of coordination and craftsmanship. Turning Vision into Reality, Consistently North51’s ability to translate design intent into built reality has become a defining trademark with over 95% of projects delivered exactly as envisioned in the renders. This unwavering commitment to quality continually surpasses client expectations, particularly in the critical front-end delivery phase. Projects like EL&N DIFC, Cipriani Dolci Dubai Mall, Brunch and Cake to name a few stand as bold statements of North51’s ability to faithfully execute world-class designs in the heart of Dubai. Another highlight is the signature Yellow Wall at China Tang, part of the prestigious The Lana, Dorchester Collection. Designed in Hongkong and developed and prototyped in Dubai by North51 Consulting, this feature involved the meticulous translation of an AI pattern file into a physical surface, with rigorous QA/QC to meet the Interior Designer’s exact colour selection - an effort that now graces the highly anticipated venue’s grand entrance. Conclusion With deep-rooted expertise in design management, regulatory compliance, and site coordination, North51 continues to lead the way in delivering exceptional interior projects in the UAE. The firm’s ability to connect global visions with local execution ensures that each space we help shape is not only built to standard, but built to inspire. THE BALANCING ACT WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 85

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T he construction market has experienced robust growth in recent years, with its size expected to increase from USD 16.15 trillion in 2024 to USD 17.04 trillion in 2025. With real estate and infrastructure projects steadily on the rise, the sector is clearly thriving. However, this growth also comes with challenges like managing costs, meeting deadlines, and maintaining quality standards. The encouraging part is that these issues can be tackled more smoothly by adopting smart technologies and digital tools that make the entire process more efficient and manageable. The construction industry, traditionally characterised by its reliance on manual labour and conventional practices, is experiencing a technological revival. Among Once reliant on manual processes and traditional tools, the construction industry is now being redefined by the integration of drones and AI, ushering in a new era of building practices The Smart Site Revolution CBNME EXPERT INSIGHTS Originally written by Dr. Yasemin Nielsen. Edited by Aya Zhang. Dr. Yasemin Nielsen, Associate Professor at Heriot-Watt University Dubai 86 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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the most transformative innovations are drones (unmanned aerial vehicles) and artificial intelligence (AI), which redefine construction processes across all projects, from infrastructure and industrial developments to residential and commercial buildings. Their convergence accelerates construction timelines and brings precision, safety, and long-term sustainability to the forefront, particularly in building assets’ construction and preventive maintenance. Drones have emerged as crucial tools in modern construction, offering a wide array of applications that span the entire lifecycle of a project. During pre-construction, drones are used for topographical mapping, land surveying, and environmental assessments. These aerial surveys are faster and more cost-effective than traditional methods and yield highly accurate data through photogrammetry and LiDAR (Light Detection and Ranging) technologies. This data facilitates informed decision-making and supports detailed site planning. In the construction phase, drones provide real-time monitoring of site activities, helping project managers track progress, ensure quality control, and maintain worker safety. Aerial imagery and video enable supervisors to identify delays or discrepancies early, allowing for prompt corrective actions. Drones also reduce the need for risky manual inspections of scaffolding, tall structures, and inaccessible areas, thus improving occupational safety and efficiency. Moreover, drones serve as valuable documentation tools, visualising project milestones and compliance with regulatory requirements. Their integration into construction workflows supports transparency and enhances stakeholder communication. Artificial intelligence complements drone capabilities by offering advanced data analytics, automation, and predictive modelling. AI-driven systems analyse vast amounts of data from drones, sensors, and IoT devices to optimise construction workflows. For example, machine learning algorithms can predict delays based on weather forecasts, labour productivity, and supply chain logistics, allowing for dynamic rescheduling and cost control. AI also plays a key role in design optimisation. AI can use historical data and performance metrics to recommend the most efficient building materials, structural designs, and energy configurations. Tools like AI-enhanced Building Information Modeling (BIM) enable real-time collaboration among architects, engineers, and contractors, reducing conflicts, rework, and material wastage. AI-powered robotics are used for repetitive and labour- intensive tasks such as bricklaying, concrete pouring, and welding in construction. These robotic systems increase productivity and ensure consistent quality standards, critical in large-scale infrastructure and high- rise projects. Furthermore, AI systems can detect early signs of wear and potential failure, such as cracks in concrete, corrosion in metal structures, or moisture accumulation in insulation systems. This proactive approach reduces the need for reactive maintenance, lowering long-term operational costs and extending the life of physical assets. For instance, in bridges and tunnels, drones equipped with thermal and infrared cameras can capture data on structural health, which AI algorithms then analyse to determine stress points and recommend maintenance schedules. This is especially valuable in public infrastructure projects where safety and uptime are critical. Integrating drones and AI into asset management systems allows facility managers to make informed decisions on resource allocation, prioritise high-risk areas, and ensure compliance with safety and environmental standards. This intelligent, data-driven maintenance preserves asset value and contributes to sustainability goals by reducing energy consumption, minimising waste, and optimising resource use. Sustainability is increasingly becoming a central principle of construction practices, and drones and AI significantly contribute to achieving this objective. AI models enable energy-efficient design by simulating building performance under various conditions and suggesting optimal solutions. On the other hand, drones reduce the carbon footprint associated with site visits and inspections by replacing the need for large, fuel- consuming equipment and vehicles. Furthermore, the efficient use of materials and real-time adjustments during construction reduces construction waste, a key industry challenge. Predictive maintenance is also crucial in sustainability by preventing disastrous failures that require energy-intensive repairs or replacements. From a financial standpoint, drones and AI enhance project ROI by minimising delays, lowering maintenance costs, and extending the usable life of assets. These innovations also provide a competitive advantage to firms adopting them early, enhancing brand reputation and attracting investment in an increasingly environmentally- conscious market. Drones and artificial intelligence are redefining construction projects by introducing a level of intelligence, efficiency, and foresight that was previously unattainable. Their combined capabilities are transforming not just how structures are built but also how they are managed and maintained throughout their lifecycle. From optimising construction processes to enabling predictive maintenance, these technologies pave the way for more innovative, safer, and sustainable construction practices. As industry continues to embrace digital transformation, the integration of drones and AI will be vital in shaping a more resilient and future-ready built environment. THE SMART SITE REVOLUTION WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 87

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D espite global economic headwinds, Dubai’s off- plan real estate market continues to show remarkable strength. Investor appetite remains strong, developers are launching high-profile projects, and international interest in the Emirate’s premium offerings is growing year on year. A significant driving force behind this resilience is the continued positive migration of HNW individuals, businesses and professionals looking for the security and infrastructure required to grow their businesses Branded residences, particularly among high-net-worth individuals (HNWIs), are the most attractive offering, helping the off-plan market withstand pressures and thrive in today’s environment. Global Demand for Branded Residences Is Surging Dubai’s real estate sector has always been an attractive investment destination, but branded residences are now attracting global investors’ attention. According to Knight Frank, 69% of HNWIs globally were interested in owning a branded residence in 2024, a notable jump from 59% the year before that. This rising demand is reflected in Dubai’s position as the city with the most branded residences globally. The UAE also has the second- largest branded residence development pipeline globally, just behind the United States, with 17,000 units in operation as of December last year and thousands more currently in development. The figures signal that demand is not only strong, it’s accelerating. With investors seeking luxury, long- term security, and strong lifestyle alignment, the off-plan segment is perfectly positioned to capitalise on this growing interest. Off-Plan Branded Projects Offer Strong Capital Gains and ROI One of the main attractions of the off-plan market is its potential for capital appreciation. Investors often gain from buying early, locking in pre-completion prices that rise steadily as the project nears delivery. In the case of branded residences, this value is even more pronounced. These properties typically appreciate by approximately 20%, thanks to limited supply, premium positioning, and high levels of demand. When leased, they offer impressive rental yields, ranging from 6.5% to 9%, depending on whether they’re used for short-term or long-term rentals. This makes them a sound lifestyle choice and a high-performing asset class. What’s Behind the Resilience of Dubai’s Off-Plan Market? Off-Plan Resilience CBNME EXPERT INSIGHTS Originally written by Michael Belton. Edited by Vibha Mehta. The iconic architecture is developed by Pininfarina, a legendary name in design and architecture 88 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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In contrast to traditional real estate, the consistency and reputation associated with global luxury brands contribute to a more predictable and secure return profile. Brand Trust and Recognition Drive Long-Term Confidence Branded residences are underpinned by the reputations of globally celebrated names, fashion houses, hospitality groups, or design studios. These affiliations offer more than aesthetic value; they signify quality, consistency, and operational excellence. Buyers are reassured that their homes adhere to strict brand standards recognised and trusted worldwide. This assurance plays a vital role in the resilience of the off-plan market. Buyers often invest before seeing the final product, so knowing that a trusted brand is involved reduces risk and boosts confidence. For example, MERED’s upcoming ICONIC Residences in Dubai Internet City, designed by Pininfarina—a name synonymous with Italian excellence and 95 years of innovation—exemplifies the kind of pedigree that reassures buyers of long-term value. Intrinsic Brand Value Enhances Project Appeal Global luxury brands are extremely selective about the real estate projects they associate with, and their involvement ensures meticulous attention to detail, exceptional design standards, and premium finishes. These brands often play an active role in shaping every development aspect, from architectural planning and construction materials to furnishings and service offerings. Developing a branded residence is significantly more costly than traditional luxury real estate due to the elevated design, build, and experience requirements. But this premium also translates into greater long-term value. Buyers not only acquire a home, but they also secure a rare asset that combines exclusivity with enduring appeal. These developments tend to be located in the most desirable districts, further enhancing their investment potential and desirability on the resale market. Lifestyle-Centric Design Meets Wellness Needs Today’s buyers are placing more value on wellness features, open- plan spaces, high-tech connectivity, and private amenities. Branded residences address these evolving needs by offering thoughtfully curated environments that blend convenience, luxury, and well-being. From panoramic views and in-residence dining to world- class spas, fitness centres, and concierge services, these developments create lifestyle ecosystems rather than just places to live. Many are also integrated with retail spaces and co-working areas, providing residents with everything they need under one roof. Ultimately, the innovation-friendly nature of these homes aligns perfectly with the demands of today’s global citizens. Dubai’s Unique Position Supports Continued Growth Beyond the product itself, Dubai’s infrastructure, investor- friendly policies, and stable economy continue to support the off-plan market. The city’s favourable tax environment, strategic geographic location, and safe, cosmopolitan lifestyle attract international buyers seeking a base in the region. In addition, long-term residency options for property investors have made the market even more attractive, encouraging more buyers to explore off-plan opportunities. Resilient by Design Dubai’s off-plan market’s resilience is, in many ways, the result of a deliberate strategy. Branded residences represent the convergence of high design, reliable returns, and evolving lifestyle preferences—all within a regulatory and economic environment that actively encourages property investment. With international demand climbing, capital gains outperforming expectations, and global brands lending credibility and consistency to new launches, it’s clear why investors continue to look toward Dubai’s off-plan market. It offers more than just real estate; it offers premium living experiences with enduring value. OFF-PLAN RESILIENCE Michael Belton, CEO of MERED WWW.CBNME.COM CONSTRUCTION BUSINESS NEWS ME | MAY 2025 | 89

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Tell us about yourself and your role and responsibilities at the company. I have over 20 years of marketing experience in various industries, which has provided invaluable insights into sector-specific strategies. I’ve navigated the shift from traditional to digital marketing and continuously refined my skills to ensure maximum effectiveness. I have led JLL’s marketing function in the MENA region and select European markets for six years. We develop field marketing strategies that balance local needs with global brand objectives, showcasing JLL’s role in shaping a better world while driving measurable business value. By leveraging customer insights and market knowledge, we create targeted campaigns to transform marketing into a business enabler. We effectively engage prospects and clients, directly impacting local business success. What do you believe are the biggest challenges currently facing Marketing, and how do you plan to address them? Marketing challenges vary across sectors, yet digital transformation and demonstrating ROI remain a common challenge. In commercial real estate, we encounter unique challenges, such as long sales cycles, which we address through nurturing strategies and tailored content to build relationships over time. Digital transformation presents both challenges and opportunities in our traditionally conservative sector. At JLL, we’re embracing this shift by adopting more digital-focused strategies. We collaborate closely with our business and research teams to stay ahead of changing market demands, such as occupier needs. This ensures we remain attuned to our audience and market trends. We also maintain agility in our plans to address economic uncertainty, adapting our insights and approaches to remain flexible and responsive in an ever-changing landscape. Looking ahead, what are your goals and aspirations for the future of the company’s Marketing? Our marketing mission is twofold: drive measurable business value and showcase JLL’s commitment to shaping a better world. We focus on brand growth, lead generation, and enhancing client engagement throughout their journey while leveraging innovative solutions and JLL proprietary AI models to boost efficiency and responsiveness. It’s an exciting time for marketing at JLL, and I’m thrilled to be leading this charge into the future. Anood Haddad As Head of Marketing, Middle East at JLL, she plays a pivotal role in shaping the company’s regional presence, driving brand growth and industry impact through strategic initiatives and targeted campaigns 90 | CONSTRUCTION BUSINESS NEWS ME | MAY 2025 WWW.CBNME.COM

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