Construction Business News, October 2022
Page 1
THE DEFINITIVE GUIDE
TO THE REGION'S CONSTRUCTION
PROFESSIONALS
STRATEGIC PARTNERSHIP
The Grand Mosque Residences
ACQUISITION
Al Bawani Acquires A-Hak Saudi
Arabia
REBRANDING
Nakheel re-brand supports Dubai
2040
O C T O B E R 2 0 2 2 | C B N M E . C O M
KSA’S
BOLD VISION
IS PAYING OFF
THE CROWN PRINCE OF
KSA HAS SET HIS SIGHTS
ON MAKING THE KINGDOM
ONE OF THE MOST SOUGHT
OUT DESTINATIONS FOR
THE CONSTRUCTION WE
TAKE A LOOK SOME OF
THE TOP CONSTRUCTION,
ARCHITECTS, CONSULTANTS,
THAT ARE IN KSA
Page 2
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CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 3
KSA’S BOLD
VISION IS
PAYING OFF
18
PROJECT
NEW LIFESTYLE DESTINATION
DANAH BAY
Dubai Investments Launches New
Lifestyle Destination in Ras Al Khaimah
– Danah Bay. Located within the heart
of the View Island on Al Marjan Island,
Ras Al Khaimah, Danah Bay is a unique
premium beach community
20
REPORT
KPMG REPORT
Riyadh real estate sectors show positive
growth trends in H1 2022
22
STRATEGIC PARTNERSHIP
THE GRAND MOSQUE RESIDENCES
Dubai’s Ayana Holding and Nad Al Shiba
Holding forms strategic partnerships
with Government of Kazakhstan for
development of US$2 billion real estate
project in capital city
24
ACQUISITION
AL BAWANI ACQUIRES A-HAK
SAUDI ARABIA
Al Bawani Water & Power Company
(AWP) signed an acquisition
agreement for the entire shares of
A-Hak Saudi Arabia at the Dutch
Embassy
48
FACILITIES MANAGEMENT
COMMITTED TO EXCELLENCE
In conversation with Eng. Mohammad
Abdul Karim Khamis, GM at Emirates
National Facilities Management
(EnFM)
58
REBRANDING
NAKHEEL RE-BRAND SUPPORTS
DUBAI 2040 URBAN MASTER PLAN
Focus on ‘building happiness and
prosperity’ to enhance the wellbeing
of citizens, residents and visitors
The Crown Prince
of KSA has set his
sights on making
the Kingdom one
of the most sought
out destinations for
both tourism and
expatriates in the
Middle East
30
IN THIS ISSUE CBNME
18
54
KSA’S
BOLD VISION
IS PAYING OFF
Page 4
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10 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
EDITOR’S NOTE
CBNME
T
he Crown Prince of KSA has set his
sights on making the Kingdom one
of the most sought out destinations
for both tourism and expatriates in
the Middle East. Projects such as The
Red Sea Development, NEOM, The
LINE, and now the establishment of
Saudi Downtown Company are just a
few ambitious projects that are already
underway to make this vision come
through.
As such KSA’s Vision 2030, along with
a significant investment in housing and
infrastructure development promoted
across the country by local authorities,
is revitalizing the construction industry
and generating interest in a growing
number of international players.
Developers, contractors, and
hospitality industries are flocking to
KSA to take advantage of this great
opportunity. The ROI coming out of the
KSA’s Vision 2030 is too tempting to
resist and we are expecting to see more
developments in 2023
In this magazine we decided to cover
some of the few construction companies
that are contributing to this vision.
CEO
Wissam Younane
wissam@bncpublishing.net
DIRECTOR
Rabih Najm
rabih@bncpublishing.net
GROUP PUBLISHING DIRECTOR
Joaquim D'Costa
jo@bncpublishing.net
+971 50 440 2706
BUSINESS DEVELOPMENT DIRECTOR
Rabih Naderi
rabih.naderi@bncpublishing.net
+966 50 328 9818
MANAGING EDITOR
Kasun Illankoon
kasun@bncpublishing.net
EDITORIAL DESIGN
Christian Harb
MARKETING EXECUTIVE
Aaron Joshua Sinanbam
aj@bncpublishing.net
PHOTOGRAPHER
Alexander Bungas
Keep up to date with all the
latest news, features and
much more on our website
and social media platforms
CBNME.COM
Kasun Illankoon
Managing Editor
kasun@bncpublishing.net
SUBSCRIBE
subscriptions@bncpublishing.net
For all commercial enquiries, contact
jo@bncpublishing.net
T +971 50 440 2706
All rights reserved © 2022.
Opinions expressed are solely those
of the contributors.
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No part of this magazine may be reproduced or
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CONSTRUCTION BUSINESS NEWS ME
KSA’S BOLD VISION IS PAYING OFF
Page 11
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12 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
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CBNME
TALKING POINT
T
he UN’s Intergovernmental
Panel on Climate Change
(IPCC) has predicted that
global warming will increase
by 1.5°C by 2040 – describing
it as a “Code Red for
Humanity”.
Climate change is possibly
the greatest existential crisis
facing us and taking action
to reduce carbon emissions in the
race to net zero has never been more
important. Urgent action is required by
governments, businesses and individuals
around the world to tackle global
warming.
As part of the construction industry,
we bear a responsibility in addressing
climate change, locally and globally.
After all, building and construction are
responsible for more than one-third
(39%) of all carbon emissions in the
world, with operational emissions from
energy used to heat, cool and light
buildings accounting for 28%. The
balance 11% comes from embodied
carbon emissions – associated with the
construction processes as part of the
whole building lifecycle. The World
Green Building Council (WGBC) has
set an ambitious target for the sector
to reach 40% less embodied carbon
emissions by 2030 and achieve 100% net
zero emissions by 2050.
The silver lining? There is a real will to
make a difference. Since the pandemic,
environmental, social and governance
(ESG) strategy have been prioritized
by leadership in the public and private
sectors. Our clients are more ready
than ever to commit fully to achieving
ambitious sustainability targets, through
measures large and small.
From retrofitting buildings for solar
energy and passive cooling, to greenfield
developments constructed using
innovative, resource-saving technologies,
businesses are open to all possibilities
to become more sustainable. There is
a sound business case for the shift to
GREENING THE GCC
THE CONSTRUCTION SECTOR IS FREQUENTLY PERCEIVED
AS POLLUTING, SLOW TO INNOVATE AND DANGEROUS. IT’S
TIME TO CHANGE THAT PERCEPTION, AND INNOVATIVE NEW
TECHNOLOGIES CAN HELP
BY JIHAD BSAIBES, CEO AMANA CONTRACTING GROUP
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CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 13
GREENING THE GCC | INNOVATIVE NEW TECHNOLOGIES CAN HELP
sustainability as well. Research from
the World Economic Forum states that
a move toward a circular economy
could generate $4.5tn (AED16.5tn) in
additional economic output by 2030 for
the UAE.
The case for productization
Each business has a unique sustainability
journey, a product of its industry,
maturity, values and leadership. Our
own journey over the past thirty years
has seen us championing the shift from
projects to productization.
Part of this is inspired by being
headquartered in a region driven
by incubators for innovation and
imagination. However, while
breathtaking projects such as The
Museum of the Future in Dubai are being
realised, is the region’s construction
sector ready to step forward into a
sustainable future?
The shift from a project mindset
to a product manufacturing one, is
enabled by technology. Software such
as Autodesk Building Information
Modelling (BIM) and innovative
technologies, such as modular
construction, can help the industry
achieve the economic diversification,
job creation and sustainability goals
set by national agendas such as Vision
2030 and Saudi Arabia’s National
Transformation Program.
Modular construction can go a
long way towards making the sector
cleaner, greener and leaner. We can now
manufacture entire buildings off-site
in factory-controlled environments,
reducing the need for manpower by up to
30%, and with far lower wastage rates
than an open construction site. Modular
construction potentially reduces material
waste by up to 30% and improves the
work safety environment by up to 70%.
Pre-finished modules can be trucked
to job sites, where they are installed.
Time to project delivery is shrunk,
as modules are manufactured in
parallel within a factory environment,
ensuring consistency in material and
finishes. Offsite construction reduces
environmental impact in pristine sites
such as The Red Sea Development
Project (where AMANA has successfully
delivered dozens of buildings for The
Red Sea Development Company) in KSA
The construction sector has long
suffered from a shortage of talent and
people to work on sites, which has
delayed projects across the region.
Today, digitalization has presented the
sector with an opportunity to attract
talent by reimagining our business
models and operations.
There have been countless reports
backed by anecdotal evidence to show
that people want to work for a company
that has a strong sustainability agenda,
and a strong environmental conscience.
Digitalization is creating office and
factory-based jobs for construction
workers, improving health, safety and
productivity; and helping the sector
improve scores on diversity and inclusion
as well.
Why sustainability should matter to our
clients
Group AMANA has invested over 10
years of research and development in
modular construction, with projects
prototyped and realized across the
region, delivering over 130,000 sq m of
built-up area (BUA) in modular.
However, not all clients buy the
business case for going green. Despite the
best intentions, the reality of budgetary
pressures can force stakeholders to value
engineer and reduce costs where possible.
Affordability is the top challenge in
adopting sustainable construction
practices and policies for almost 40%
of UAE-based companies. Half the
construction firms across the Middle East
expect green buildings to incur higher
primary production costs.
Building sustainably actually makes
sound business sense over the long term,
delivering earlier returns on investment
(RoI). Investors value green building
assets higher than traditionally built
buildings, due to their reduced operating
costs. Not to mention the health benefits
to workers, communities and future
inhabitants from decreased air and noise
pollution.
To combat climate change, new
buildings must be built sustainably and
existing buildings must be decarbonised.
As a regional construction leader, Group
AMANA is championing initiatives to
promote sustainable construction in
the region, bringing in the digital tools,
standardised manufacturing techniques,
reduced wastage, and processes to usher
in a new era for the industry.
Looking to the future, sustainable
construction has the potential to be
a powerful change engine for the
construction sector, a catalyst for the
GCC’s decarbonised future and a
valuable contributor to the global fight
against climate change.
“From retrofitting buildings
for solar energy and passive
cooling, to greenfield
developments constructed
using innovative, resource-
saving technologies,
businesses are open to
all possibilities to become
more sustainable.”
Jihad Bsaibes,
CEO, AMANA
Contracting Group
Page 14
14 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
Tell us about your role at RIB CCS
I have been appointed as the Vice
President of RIB CCS, a role that is
underpinned by more than 25 years in the
construction industry and a love of the
built environment.
In this role, I am committed to ensuring
RIB CCS people are enabled to do what
they are passionate about and presented
with opportunities for growth. Further
focus will include the nurturing of
relationships with the business’s current
and future customers; overseeing broader
changes in the business; exploring new
opportunities and products; and working
with my colleagues across the business’s
global footprint to achieve their growth
aspirations.
My many years in construction have
given me a deep understanding of the
complexities involved in the construction
process, how challenging it can be to
deliver construction projects and how
important it is to have tools that are
reliable and fast to secure and deliver the
necessary work.
This is one of the reasons RIB CCS
Candy was my partner, my trusted
assistant for the 25 years I worked at
the construction coalface. It allowed my
teams to secure work for the business and
feel confident in the knowledge that every
tender submitted would be correct.
From a project controls perspective,
integration of systems helped our
teams manage change more easily,
with the right tools, you have access to
information that allows you to make
crucial decisions that influence the
outcome of the project, rather than
waiting for the outcome of the project to
influence you.
IN CONVERSATION WITH PETER DAMHUIS, VICE PRESIDENT
AT RIB CCS
TRUSTED PARTNER
IN YOUR DIGITAL
TRANSFORMATION JOURNEY
CBNME
INTERVIEW
Page 15
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 15
How has technology enabled
the Construction industry
over the past few years and
how has RIB CCS changed the
dynamics of this industry?
The construction industry is
notorious for being one of
the least digitally transformed
industries worldwide.
Although it is the single
largest industry vertical in
the world, it lags behind
other industries in average
productivity growth, only
having grown by about 1% in
the last decade.
Approximately 80% of all
construction projects run over
time and/or budget, resulting
in high levels of customer
dissatisfaction.
Traditionally, information
on construction sites has been
managed and communicated
verbally and via paper-
based systems. A common
challenge with this approach
is miscommunication between
on-site and office personnel
which, in turn, leads to
delays, lost time and money,
and decreased morale.
The introduction of
Computer-Aided Design
(CAD), Building Information
Modelling (BIM), supply
chain integration, and mobile
computing has set the stage
for the modernisation of
the sector and digital tools
are becoming a staple of the
industry. What is missing,
however, is the seamless and
meaningful integration of
these technologies.
Companies that are
succeeding in this area
have embraced innovative
software, which has helped
them with the identification,
quantification, and
streamlining of work tasks,
resulting in saved time,
money, and effort. Digital
tools support a host of
functions and when they
are successfully integrated,
users can improve project
planning, establish accurate
timelines and budgets, and
track work in real-time. In
addition, contractors can
use the data accumulated on
digital platforms to improve
communication, efficiencies,
productivity, and safety,
thereby promoting growth,
improving profitability, and
enabling sustainability.
RIB CCS’ role in the
industry, which commenced
more than 40 years ago, is
to leverage the latest digital
technologies with a view to
empowering its construction
clients to run their businesses
better – making them more
collaborative, transparent,
efficient, and sustainable.
But we are now at an
interesting stage within the
built environment with fit-for-
purpose digital solutions that
allow the journey to be fast-
tracked. And, that’s where
RIB CCS comes in. It’s our
mission to drive the digital
transformation of the industry
so that it can prosper for
many generations to come.
We live this mission when
we engage our customers. It’s
not just a sales process, but
a partnership that lasts for
many years, decades even.
We become our customer’s
trusted advisors and we show
them not only how to use
our software, but how to
embed industry best practices
into their organizations. We
do this by hiring industry
professionals who truly
understand our customers’
challenges and address them
via purpose-built solutions.
What are some of the
projects where RIB CCS
software is/has been used
that you are particularly
proud of?
While our software solutions
have supported various
projects around the world,
we are particularly proud
of the high-end projects our
clients have been involved
in the UAE and MENA
Region, including the Burj al
Arab in Dubai, the Museum
of the Future in Dubai,
Yas Waterworld in Abu
Dhabi, Qatar stadiums and
infrastructure for the 2022
FIFA World Cup and the
Kingdom Tower in Riyadh
among many others.
What are the key
opportunities in the MENA
region for techno-enabled
solutions?
The MENA region
understands the importance of
technology-enabled solutions
TRUSTED PARTNER IN YOUR DIGITAL TRANSFORMATION JOURNEY
“MY MANY YEARS IN CONSTRUCTION
HAVE GIVEN ME A DEEP UNDERSTANDING
OF THE COMPLEXITIES INVOLVED IN THE
CONSTRUCTION PROCESS.”
>>>
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16 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
and the role they play in economic
growth and gaining a competitive
advantage. Notably, about 50% of cities
expected to become smart by 2025 will
be in emerging markets and the Middle
East.
The area is well positioned to harness
its appetite for digital solutions to create
viable smart cities that will, in turn,
enhance the quality of services offered
to their urban populations, reduce costs
and resource consumption and allow for
more effective engagement with citizens.
We see it has started in UAE where
it is setting the example for other
countries in the region and globally.
Saudi Arabia as well, in line with its
vision, has a major share in many
techno-based projects such as NEOM
and Red Sea Projects. The same goes for
other GCC counties like Egypt, Kuwait
and Bahrain.
What are the plans for 2023 and what’s
in the pipeline for the next five years?
Since the acquisition of CCS by RIB, we
have been through quite a bit of change,
my position being one of them which
came about when Andrew Skudder
(former CEO of CCS) took over the role
of Chief Revenue Officer of RIB. The
next most notable change is to review
a fragmented product-based business
and to reconstitute this with a regional
bias, allowing each one of the teams
representing RIB in a particular region to
offer multiple solutions from our broader
RIB group, best suited to the needs of the
client. In addition to this the RIB product
team have are now actively harnessing
the skillset throughout the world for the
greater benefit of our clients and in turn
the future of RIB.
The next five years will see a focus
on our client base to ensure they can
maximize the use and opportunity the
software provides, focus our regional
teams to embrace the multiple products
offered by RIB and to bring updates as
well as new solutions to the industry.
CBNME
INTERVIEW
Page 17
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PROJECT
Dubai Investments Launches New Lifestyle Destination
in Ras Al Khaimah – Danah Bay. Located within the heart
of the View Island on Al Marjan Island, Ras Al Khaimah,
Danah Bay is a unique premium beach community
NEW LIFESTYLE DESTINATION
DANAH BAY
Page 19
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 19
NEW LIFESTYLE DESTINATION | DANAH BAY
D
ubai Investments, a leading
investment company listed on
the Dubai Financial Market
(DFM) launches Danah Bay, a
vibrant, mixed-use beachfront
community and lifestyle
destination on Al Marjan
Island with breathtaking
views of the Arabian Gulf. A
freehold premium beach community, the
AED 1billion flagship project sets a new
standard for Ras Al Khaimah.
With the Group’s expertise across
diversified sectors over the last 27 years,
and with the real estate sector being a
key vertical, adding to its impressive
line-up of real estate developments
is Danah Bay. Spanning an area of
approximately 90,000 square meters,
the project includes luxury townhouses
and villas, residential waterfront
apartments, an upper scale 4-star hotel
resort and community retail.
“This region offers tremendous
potential for the residential, hospitality
and the tourism industry and after
careful evaluation and in line with the
market trends, we have announced this
integrated beach community in Ras Al
Khaimah, that will capitalise on the
lucrative opportunities of the emirate,
creating a benchmark in mixed-use
development and providing a long-
term value to the economy. Benefiting
from the Group’s resilient business
model, supporting diversification
through unique investments, Danah
Bay is a step forward in strengthening
the Group’s real estate portfolio and
expanding presence regionally”, said
Khalid Bin Kalban, Vice Chairman
and CEO, Dubai Investments.
Danah Bay offers a variety of
freehold residential options including
stunning two-bedroom townhouses
with roof terrace, three-bedroom villas
and four-bedroom beachfront villas
along with waterfront residential
apartments. The project’s tranquil
beach provides exclusive access for
residents and hotel guests to enjoy
recreational activities and relaxation.
Reflecting Dubai Investment’s vision
of creating a comfortable lifestyle
destination, seamlessly integrated with
nature, Danah Bay is a relaxing retreat
that encourages visitors to pause and
look after their wellbeing. From its
simple, urban, and modern exteriors
to the interiors that sport natural color
palettes, the overarching architecture
of Danah Bay matches the beauty of its
surrounding natural landscape and the
beachscape.
Strategically located in Ras Al
Khaimah, which is known for its
tourism, hospitality and an attractive
property market, Danah Bay is 50
minutes away from Dubai International
Airport, 60 minutes from Downtown
Dubai, 30 minutes from Ras Al
Khaimah Airport, and 30 minutes from
Ras Al Khaimah City Centre.
“THIS REGION OFFERS TREMENDOUS POTENTIAL FOR THE
RESIDENTIAL, HOSPITALITY AND THE TOURISM INDUSTRY
AND AFTER CAREFUL EVALUATION AND IN LINE WITH THE
MARKET TRENDS, WE HAVE ANNOUNCED THIS INTEGRATED
BEACH COMMUNITY IN RAS AL KHAIMAH, THAT WILL
CAPITALISE ON THE LUCRATIVE OPPORTUNITIES OF THE
EMIRATE.”
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K
PMG released its first ever
interactive and advanced
“Riyadh Real Estate Market
Overview” highlighting
the indicative investment
opportunities, market trends,
and market performance
for the first half of 2022,
covering four core real estate
sectors: residential, retail,
office, and hospitality.
The overview comes in an insightful,
easy to navigate, interactive dashboard,
which allows sorting in three dimensions
by selecting sectors, sub-sectors, and
zones of the capital city. Users can
select multiple sub-sectors and zones
to witness a customized result in terms
of market performance and indicative
investment opportunities. Furthermore,
the dashboard illustrates indicative
locations that can be considered for
future developments in the respective
sector and sub-sector.
Residential
KPMG found that demand for housing
units, particularly in the affordable
segment, is continuously increasing
despite the recent slowdown – mainly
driven by a large and growing
population, coupled with growing
urbanization, declining household
size, and government measures. In line
with Vision 2030, the government is
continuously working on the provision
of affordable housing units for Saudi
nationals to increase home ownership,
which stands at just above 62%, as per
the latest published statistics.
“The residential market remained
resilient during the pandemic which
can be attributed to strong demand
fundamentals and has witnessed a
positive trend in KPIs in the first of
2022,” said Rani Majzoub, Head of Real
Estate Advisory at KPMG Professional
Services. He observed that the demand
for apartments and/or smaller units
is soaring at a relatively higher pace
mainly due to affordability, an influx
of expatriates, and increasing market
acceptance for these types of units,
particularly among Saudi households.
Retail
As the largest market in the GCC – and
characterized by a strong consumer base
with high disposable income – Saudi
Arabia’s retail market has managed
to bounce back from the effects of the
pandemic. Retail sales are expected
to grow at a CAGR of ~5% between
2022 and 2025, which is likely to have
a positive impact on the intake of retail
space in the Kingdom.
After witnessing a subdued
performance in 2020-21 due to the
pandemic, the retail market has shown
signs of stability in the first half of 2022.
However, it will take some time to be
back on the growing pace mainly due to
increasing competitiveness in the market
which is exerting pressure on rental rates.
“Mixing up retail with other
complementing real estate components
such as entertainment, hotel, office or
residential could be a commendable
idea to generate a certain footfall. As
Riyadh is positioning itself as a prime
tourism destination, an influx of inbound
and domestic tourists can be expected.
Hence, future developments should
focus on the needs of both residents and
tourists,” Eng. Majzoub added.
Hospitality
Riyadh’s hospitality sector continues to
show signs of improvement owing to
a robust increase in demand generated
by tourists during post-COVID
CBNME
REPORT
KPMG REPORT
Riyadh real estate sectors show positive growth
trends in H1 2022
RANI MAJZOUB, Head of Real Estate Advisory,
KPMG
Page 21
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 21
recovery period. Despite the dwindling
performance in 2020-21 due to the
closure of borders and tourist attractions,
the market is witnessing an upsurge in
occupancy rates. The long-term market
outlook is likely to be positive, backed
by the government’s initiatives to
increase the industry’s contribution to the
economy.
KPMG expects healthy performance
of budget hotels (3 and 4 star) in the
upcoming years, owing to the current
market dynamics. Hence, it is an
investment opportunity that can be
explored further with gradual recovery
and an expected increase in the number
of tourists.
Office
Riyadh as the capital and commercial
hub benefits from overall commercial
activities in the region. The primary
demand drivers including macro-
economic indicators, population, and
workforce are expected to remain
affirmative, hence a positive outlook for
office space demand is anticipated.
Contrary to its historical performance,
Riyadh office market has witnessed a
healthy upsurge of in the rental rates of
both Grade A & B segments in the first
half of 2022. The market is anticipated
to witness the same positive trend,
particularly in the Grade A segment,
during the medium term as international
companies working in the Saudi Arabia
would move their headquarters in the
Kingdom by 2024 under Regional
Headquarters Program (RHQ), hence,
additional uptake of office space is
foreseen.
“The ongoing economic recovery
coupled with improving demand drivers
of various sectors is likely to have a
positive impact on the overall real estate
market of the capital city” Eng Majzoub
concluded.
RIB CCS | EMBEDDING TECHNOLOGICAL PRACTICE
“Mixing up retail with other complementing real
estate components such as entertainment, hotel,
office or residential could be a commendable idea to
generate a certain footfall. As Riyadh is positioning
itself as a prime tourism destination, an influx of
inbound and domestic tourists can be expected.”
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CBNME
STRATEGIC PARTNERSHIP
A
s part of a government meeting
between Alikhan Smailov,
Kazakhstan Prime Minister
and H.E. Suhail Mohamed Al
Mazrouei, Minister of Energy
in UAE the Prime Minister
presented Emirati investors
with a list of new investment projects
worth over $6.5bn in multiple industries
including construction, with a bid to
better economic cooperation with the
UAE.
As an integral part of this agreement,
Dubai-based Ayana Holding has
announced that it will be joining hands
with Nad Al Shiba Holding LLC and
Kazakh Invest National Company for
the construction of a multifunctional
residential and commercial complex,
The Grand Mosque Residences, in
Astana, the capital city of Kazakhstan.
The cost of the first phase of the project
is estimated at US$576 million, and the
total cost of the project is US$2 billion.
Prime Minister Smailov stated that the
Government of Kazakhstan is ready to
provide the necessary assistance in the
implementation and maintenance of the
construction of the complex. Both parties
have agreed to continue work on the
transition and practical implementation
of the project.
Ayana Holding & Nad Al Shiba
Holding will be the lead developers
of this project and manage the design,
development and construction of
DUBAI’S AYANA HOLDING AND NAD AL SHIBA HOLDING FORMS STRATEGIC PARTNERSHIPS
WITH GOVERNMENT OF KAZAKHSTAN FOR DEVELOPMENT OF US$2 BILLION REAL ESTATE
PROJECT IN CAPITAL CITY
IN HIS RECENT VISIT TO THE UAE, THE KAZAKH PRIME MINISTER SIGNED US$900M WORTH
OF AGREEMENTS TO BETTER COOPERATION BETWEEN THE TWO COUNTRIES, HIGHLIGHTING
VARIOUS INDUSTRY PROJECTS, INCLUDING CONSTRUCTION
THE GRAND MOSQUE RESIDENCES
Page 23
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 23
THE GRAND MOSQUE RESIDENCES
the multifunctional, commercial
and residential complexes, including
crafting a master plan, the architectural
design and the infrastructure planning.
The complex will feature residential
apartments, commercial space for
restaurants, shopping centres and retail
showrooms, boutique hotels, as well as
office space for organizations to rent.
Kazakh Invest National Company is on
board to support on-ground operations
and liaise with the Kazakhstan
government for approvals and land
allocation.
Post its pandemic-driven slump,
Kazakhstan’s economy is ripe as reports
reveal that between January and July
2022 alone, the republic’s economy
grew by 3.4 per cent. The foreign trade
turnover increased by 39.4 per cent
to $63.7 billion in the same period.
The growth was driven by a surge
in many sectors — primarily by a
rise in construction, information and
communication and trade, among
others.
Abdulla Lahej, Chairman of Ayana
Holding commented on the project:
“Almost 58 per cent of the Kazakhstan
population live in urban areas like
Astana and there is an increasing shift
from rural communities too. As the
demand for residential property grows,
this project comes at the ideal time. At
Ayana Holding, we are not limited to
one location. We are expanding and
reaching out to international cities
and across continents to showcase our
brand and discover where we have
the potential to grow. The partnership
between the countries will contribute
to the promotion of a favourable
investment reputation for Kazakhstan
and increase the competitiveness
of the company’s business in both
regions. We are proud to contribute to
Kazhakstan’s progress with The Grand
Mosque Residences complex in Astana
in collaboration with our partners and
the Government of Kazakhstan.”
Mohammad Helal Salem, Chairman
of Nad Al Shiba Holding said:
“Kazakhstan is a rapidly developing
country with great infrastructure and
investment potential so we are keen to
establish business with the country and
create more opportunities in the long-
term. The Grand Mosque Residences
will be a regional attraction point for
many investors and is designed to serve
increasing local demand and to attract
local and international markets. It
uses a mixed-use approach, where
the complex consists of residences
for the end users, offices for large
corporations and retail showrooms
for international brands. We are
excited to partner with knowledgeable
players like Ayana Holding and
Kazakh Invest National Company for
this project.”
Ruslan Ibraimov, Deputy Chairman
of the Management Board, Kazakh
Invest National Company, stated:
“Kazakhstan is experiencing a wave
of urbanization. As the population
in these areas increases, the demand
for residential property is also
growing. Consequently, there is
a significant rise in the number of
aspiring homeowners as real estate
investment is a traditional investment
methodology for domestic buyers.
We look forward to utilizing our
expertise, collaborating with our
partners in the market to create a
great landmark to attract tourists
as well as bring in foreign direct
investment into the country.”
The first five months of 2022
had a record number of real estate
transactions in Kazakhstan, with
primary and secondary housing in
the country gaining momentum. In
March alone, there were a record-
breaking 67,800 real estate purchase
agreements. This highlights that the
market is rapidly progressing and The
Grand Mosque Residences project
is being developed at an opportune
time.
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CBNME
ACQUISITION
A
l Bawani Water &
Power Company (AWP)
signed an acquisition
agreement for the entire
shares of A-Hak Saudi
Arabia at the Dutch
Embassy in Riyadh on the
14th of September 2022.
The agreement was signed
by the Group CEO of Al
Bawani, Eng. Fakher Al
Shawaf, and the CEO of
Dutch A-Hak, Mr. Henk
Herremans, in the presence of
H.E., the Ambassador of the
Netherlands to the Kingdom
of Saudi Arabia, Ms. Janet
Alberda.
Representatives of various
entities within the Ministry
of Environment Water &
Agriculture (MEWA), of
PIF’s giga projects and of the
Saudi and Dutch business
community were present at the
signing ceremony.
Eng. Fakher Al Shawaf
pointed out that “the
acquisition of «A-Hak» by «Al
Bawani» represents a valuable
addition to the construction
and infrastructure sector and
it will support Al Bawani’s
growth plans in the water &
environment, energy and oil &
gas sectors.”
Eng. Fakher Al Shawaf
added that “A-Hak has a
proven track record of great
success and achievements
with Aramco, Saline Water
Conversion Corporation
(SWCC), and the National
Water Company (NWC).”
Mr. Henk Herremans, the
CEO of A-Hak, said, “In our
45 years in the Kingdom, we
successfully completed a large
number of bigger and smaller
projects together with our
partners”. Mr. Herremans
added, “Because of the Energy
transition in the Netherlands,
the rest of Europe, and the
United Kingdom, there is a
tremendous amount of work
to be realized relatively close
to where we are. So, we
redefined our home market
accordingly. For that reason,
we started to look for a
potential new owner at the
beginning of 2021, and after
some selections, we entered
negotiations with Al Bawani
Water and Power Limited. And
in this period, we experienced
the real interest of Al Bawani
in becoming the successor for
A.Hak Pijpleidingen Saudi
Company Limited. We are
pleased that our activities in
Saudi Arabia will continue
through a trusted organization
and that the employment for
all our people involved is
secured.”
Al Bawani will continue
working with the existing
clients and expand into
new ventures through the
Public Investment Fund
(PIF) companies, such as
NEOM, Amaala, Roshn,
Diriyah Gate, and many
more, as well as exploring
ways to cooperate with the
National Infrastructure Fund,
leveraging its experience in
the development, investment
and operations of large
infrastructure projects to the
likes of National Centre for
Privatization (NCP) and Saudi
Water Partnership Company
(SWPC).
ACQUIRES A-HAK SAUDI ARABIA
Al Bawani
“In our 45 years
in the Kingdom,
we successfully
completed a large
number of bigger
and smaller projects
together with our
partners.”
Page 25
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Page 26
26 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
KSA’S
BOLD VISION
IS PAYING OFF
T
HE CROWN PRINCE OF KSA HAS SET HIS SIGHTS
ON MAKING THE KINGDOM ONE OF THE MOST
SOUGHT OUT DESTINATIONS FOR BOTH TOURISM
AND EXPATRIATES IN THE MIDDLE EAST. PROJECTS
SUCH AS THE RED SEA DEVELOPMENT, NEOM, THE
LINE, AND NOW THE ESTABLISHMENT OF SAUDI
DOWNTOWN COMPANY ARE JUST A FEW AMBITIOUS
PROJECTS THAT ARE ALREADY UNDERWAY TO MAKE THIS
VISION COME THROUGH.
AS SUCH KSA’S VISION 2030, ALONG WITH A SIGNIFICANT
INVESTMENT IN HOUSING AND INFRASTRUCTURE
DEVELOPMENT PROMOTED ACROSS THE COUNTRY BY
LOCAL AUTHORITIES, IS REVITALIZING THE CONSTRUCTION
INDUSTRY AND GENERATING INTEREST IN A GROWING
NUMBER OF INTERNATIONAL PLAYERS.DEVELOPERS,
CONTRACTORS, AND HOSPITALITY INDUSTRIES ARE
FLOCKING TO KSA TO TAKE ADVANTAGE OF THIS GREAT
OPPORTUNITY. THE ROI COMING OUT OF THE KSA’S
VISION 2030 IS TOO TEMPTING TO RESIST AND WE ARE
EXPECTING TO SEE MORE DEVELOPMENTS IN 2023.
WE TAKE A LOOK SOME OF THE TOP CONSTRUCTION,
ARCHITECTS, CONSULTANTS, THAT ARE IN KSA
CBNME
COVER STORY
26 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
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CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 27
KSA’S BOLD VISION IS PAYING OFF
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 27
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CBNME
COVER STORY
Eng. Fakher Alshawaf,
Group CEO,
Al Bawani Group
Page 29
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 29
KSA’S BOLD VISION IS PAYING OFF
E
ng. Fakher has been at the
helm of Al Bawani Group for
over two decades. and has
strived for growth and brand
recognition in the company.
Al Bawani is a diversified
group of Saudi companies.
Established in 1991, the
past three decades have
seen their business grow
from a modest civil-works firm into
a fully-fledged general contracting
corporation with a sizeable portfolio,
strong financial position, and a
significant presence in a broad range
of industries. Al Bawani’s construction
division is now among the five largest
operators in KSA.
The company specialises in core-
and-shell work, renovation work,
fit-outs, architectural facades, MEP
work, turnkey design & build, and
project management contracting.
Furthermore, the group has strong
capabilities across the EPC project
lifecycle, and we deliver innovation-
driven solutions for their clients.
To date, the company has completed
over 250 projects, building long
term partnerships, and earning the
trust and loyalty of their clients in
the process. Furthermore, Al Bawani
currently have SAR 9bn (USD 2.4bn)
worth of projects.
The group has bolstered its
reputation by adhering to international
standards and developing rigorous
quality management systems in its
business sectors. The group has also
established rigorous procedures to
ensure the safety of their personnel
which has resulted in minimal errors
and getting projects delivered on time
and within budget.
Al Bawani
Group
Page 30
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CBNME
COVER STORY
T
he Saudi Arabian Oil Company (“Aramco” or
“the Company”) announced its financial results
for the second quarter of 2022, posting a 90%
year-on-year (YoY) increase in net income and
declaring a dividend of $18.8 billion to be paid in
the third quarter.
The Company’s gas expansion program is progress-
ing towards increasing production with initial construc-
tion and design of the Jafurah Gas Plant ongoing.
The facility has a planned processing capacity of 3.1
billion standard cubic feet per day (bscfd) of raw gas,
expected to be completed in two phases by 2027. The
Jafurah field is expected to commence production in
2025 and will gradually increase natural gas deliveries
to reach a sustainable rate of 2.0 bscfd by 2030, which
will provide feedstock for hydrogen and ammonia
production and will help meet expected growing local
energy demand.
The Jafurah gas field is believed to be the biggest
unconventional gas field in Saudi Arabia. Estimated to
contain approximately 200 trillion cubic feet (tcf) of
wet gas resources, it is also claimed to be the world’s
biggest shale gas field outside the US.
Meanwhile, construction of the Hawiyah Unayzah
Gas Reservoir Storage has reached an advanced
stage, with the injection phase nearing completion. This
is expected to provide up to 2.0 bscfd of natural gas to
be injected into the Master Gas System by 2024. It is
the first underground natural gas storage project in the
Kingdom, which helps to manage seasonal changes in
demand and in turn improves asset utilization and cost
efficiency.
Aramco
Page 31
CONGRATULATIONS
TO THE TOP 60 INFLUENTIAL
LEADERS IN THE GCC.
40 YEARS OF RUNNING TOGETHER
IS CAUSE FOR CELEBRATION.
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CBNME
COVER STORY
L
eading ALEC to the top of the
list is Kez Taylor, with more than
thirty-five years’ experience in
the industry, twenty of which
spent with ALEC Engineering
& Contracting, Kez Taylor is the
Chief Executive Officer, one of
the Middle East’s largest main
contractors.
An honours degree graduate from
the University of Witwatersrand,
Johannesburg, South Africa, Kez’s career
has overseen the delivery of more
than 100 challenging projects in UAE,
Qatar, Saudi Arabia, Mauritius, Zambia,
and Ethiopia including airports, retail,
hospitality, and high-rise, while leading a
community of over 11,000 highly skilled
personnel.
With revenues in 2021 exceeding
USD 1bn, ALEC is one of the Middle
East’s most influential construction
companies. Last year alone, the
company successfully delivered several
iconic projects including 23 pavilions
at Expo 2020 Dubai, and was awarded
its first megaproject in Saudi Arabia,
the Qiddiya Waterpark project. It also
established its Strategic Projects and
Developments division and established
two new subsidiaries, LINQ Modular and
ALEC Data Centre Solutions.
ALEC consistently expands into new
markets and bring disruptive innovation
to segments including construction,
MEP, renewable energy, fitout, data
centres and more.
The company is pioneering the
digitalisation of the sector and has
achieved both the ISO 19650 and the
Kitemark (BIM) certifications. ALEC is
also deeply committed to championing
sustainability in the sector and this
year unveiled its first ever sustainability
report which is publicly available and
conforms to GRI standards.
To maintain this leadership, ALEC
actively develops new internal learning
and development programs to foster
new skillsets within its workforce.
Through these efforts and the strategic
reinvestment into the business,
ALEC continues to set new industry
benchmarks.
ALEC has developed and grown
the business to include a series of
successful subsidiaries, such as ALEC
ALEC Engineering
& Contracting
Kez Taylor,
CEO,
ALEC
Page 33
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 33
KSA’S BOLD VISION IS PAYING OFF
Energy, ALEC FITOUT and LINQ Modular,
and work on several of the UAE’s
most ambitious projects including
twenty-three Expo 2020 pavilions
and One Za’abeel, the world’s largest
cantilevered building.
Pivotal Projects
ALEC was one of the most active and
important contractors at the EXPO
site, having delivered a staggering 23
pavilions. This included the flagship
Mobility, Opportunity (fitout work) and
Vision Pavilions and the Dubai Exhibition
Centre, and the country pavilions
for the UAE, Saudi Arabia, Qatar, and
many others. The works done by ALEC
at pavilions ensured they were the
highlights of visitors’ experiences at the
EXPO.
Dubai Hills Mall was another large-
scale retail designation delivered
by ALEC and especially noteworthy
aspects of this project included our
delivery of Storm, the mall’s thrilling
indoor rollercoaster, and the solar
panelling which greatly aids reduction of
the Mall’s energy consumption footprint.
Innovation in Expansion of the
Business
Far from resting on its laurels, ALEC
looks to consistently expand into new
markets and bring disruptive innovation
to these segments – helping advance
the transformation of their verticals.
> Last year, ALEC launched LINQ, a
specialist modular home manufacturer.
This also entailed the establishment
of a brand-new production factory in
Jebel Ali, Dubai which employs a highly
skilled and specially trained workforce,
and world-class processes to minimise
material and energy consumption.
> Building on our strengths in
construction, MEP, logistics, fit-out, and
technology integration, and looking to
cater to growing demand for regional
data centres, we announced the
establishment of ALEC Data Centre
Solutions. ALEC Data Centre Solutions
focuses across three primary lines
of business — traditional data centre
construction solutions, prefabricated
solutions, and modernisation & retrofit
solutions.
> We are also set to launching a new
division focused on strategic projects
and developments. This division
will specialise in preconstruction
services (Design and build,
Construction Management, and
Turnkey Developments) with the aim of
delivering comprehensive value from
the design stage onwards
> ALEC also entered joint venture with
BUTEC, a leading contractor in the
fields of construction, engineering,
logistics and related businesses. This
partnership enables our clients to
benefit from unparalleled economies of
scale, construction excellence, sectorial
expertise, and availability of resources.
> In line with our focus on advancing
digitalisation, both within ALEC and for
the project we work on, we invested
time and resources to achieve both the
ISO 19650 certification and the Kitemark
certification for BIM process.
> This year, ALEC will also unveil its first
ever Sustainability report. This report
which will be made publicly available
conforms to GRI standards and
comprehensively details our ESG goals
and the measures we have been taking
to achieve them.
Commitment to Employees and
Highest Quality Standards
To maintain our market leadership, we
actively develop new internal learning
and development programs to develop
and enhance new skillsets within its
workforce. An example is the ongoing
development of employees through
the ALEC EVOLVE program. In its first
variant - EVOLVE C – the program is
aimed at the company’s entry and
more junior level staff. This program
combines various learning initiatives
including mentor support, classroom
training, book reviews, PDPs and project
delivery. This is rounded out by THRIVE,
our Leadership Development program
that aims to support employees at
the mid-management level on their
journey to become senior leaders.
With the ultimate goal of nurturing
their emotional intelligence in order to
refine their ability to manage people,
this program covers topics such as
“Leadership as Coach”, “Hiring and Firing
Effectively”, “Data Storytelling” and
“Improvisation”.
The works done by
ALEC at pavilions
ensured they were
the highlights of
visitors’ experiences
at the EXPO.
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CBNME
COVER STORY
J
ohn Pagano is the Group Chief
Executive Officer of The Red Sea
Development Company (TRSDC),
the developer behind some
of the world’s most ambitious
development ventures, including
luxury regenerative tourism
destinations The Red Sea and
AMAALA.
John is leveraging his 38
years of international experience in
delivering large scale multi-billion-dollar
developments covering every facet of
the real estate value chain, including
site acquisition, master planning, project
structuring, financing, construction and
asset management.
The Red Sea has demonstrated
significant progress over the last 12
months, with phase one now more than
50 percent complete. Work is on track to
welcome the first guests in 2023, when
the first hotels will open, with the balance
of phase one set to complete by early
2024. Several key assets are already
fully operational, including a four-star
management hotel, on-site offices, and
the largest landscape nursery in the
region.
Earlier this year TRSDC established
its first joint-venture agreement for the
destination with Almutlaq Real Estate
Investment Co., a subsidiary of the Al
Mutlaq Group, worth SR 1.5 billion. This
partnership demonstrates the belief the
investment community has in its projects,
as well as the wider tourism opportunity
in the Kingdom.
At AMAALA, TRSDC recently revealed
the iconic designs for its stunning Triple
Bay Yacht Club, which it expects will
ensure the evolution of the Red Sea
coast become an international hub for
luxury yachting.
Across both destinations, over 1,250
contracts worth in excess of 30 billion
riyals have been awarded – critically,
over 70 percent of the total value of
these contracts has been awarded to
Saudi firms. Various new programs have
been launched to upskill and prepare
young Saudi talent for jobs of the future,
including the 4th annual edition of the
Elite Graduate Program.
The Red Sea destination and AMAALA
are set to cement Saudi Arabia as a
leader in luxury, sustainable tourism.
The Red Sea
Development
Company (TRSDC)
John Pagano,
Group CEO,
The Red Sea
Development
Company
Page 35
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 35
KSA’S BOLD VISION IS PAYING OFF
J
erry Inzerillo is one of the
hospitality industry’s most
influential figures, acting
as a champion for the
sector and its people for
more than five decades.
From CEO of Forbes Travel
Guide to CEO of Morgans Hotel
Group, Inzerillo is now leading
the transformation of the
world’s most iconic tourism
destination, Diriyah, in the
Kingdom of Saudi Arabia.
In June 2018, he was
appointed by His Royal
Highness Crown Prince
Mohammed bin Salman as the
first Group CEO of the Diriyah
Gate Development Authority
(DGDA). The Authority will turn
the historic city of Diriyah
into a centre of arts, culture,
commerce and science. With
the UNESCO World Heritage
Site of At-Turaif at its heart,
it is set to become Saudi
Arabia’s most iconic lifestyle
and tourism destinations.
Upon completion, the USD
50.6 billion development
will add 27 billion Saudi
Riyals to Saudi Arabia’s
GDP and provide 55,000
job opportunities. The
development will be home to
100,000 people and will aim
to attract 27 million visitors
annually.
In 2021, Inzerillo was named
Corporate Hotelier of the
World by HOTELS magazine
during their prestigious annual
awards,
DGDA’S FUTURE PLANS
DGDA is building a world-class
destination, from restaurants
and hotels to cultural centres
and residential areas:
In the entertainment sector,
Diriyah is opening its premium
dining district, Bujairi Terrace,
hosting Michelin-starred
restaurants and leading Saudi
brands. Diriyah has also been
host to the Formula E races,
major boxing matches and
the Diriyah Contemporary Art
Biennale.
In terms of tourism, Diriyah
is a global player. DGDA has
announced 14 global brands
will join their 38-hotel-strong
hospitality offering, including
the Four Seasons, Armani, Ritz-
Carlton, Rosewood, Six Senses,
and many others. Diriyah is
also preparing to open the
UNESCO World Heritage
Site of At-Turaif to the public
permanently for the very first
time later this year.
Diriyah’s uniqueness lies in
its ability to tangibly connect
the destination to its deep-
rooted history and cultural
past while driving innovation
to bring it into the future. Its
buildings will be constructed
using handmade mud bricks in
the traditional Najdi style that
is native to the region.
Diriyah’s first assets are
slated to open this year,
including the historic At-Turaif
which will welcome guests
permanently for the first time.
Diriyah Gate Development
Authority
GERARD J. INZERILLO,
CEO, Diriyah Gate
Development
Authority
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CBNME
COVER STORY
IHCC
Sultan Sobhi Batterjee,
Chairman & CEO,
IHCC
Page 37
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 37
KSA’S BOLD VISION IS PAYING OFF
S
ultan Sobhi Batterjee is the Chairman & CEO of
IHCC as well as a leading Executive and Board
Member in Bait Al Batterjee Holding and the Saudi
German Hospitals Group. He is also the founding
Board Member of Batterjee Foundation, and a
founder of multiple companies and organizations
including Lifestyle Developers and The Innovation
House.
His leadership of IHCC plays a vital role in
positioning the company as a world-renowned
design and build company and turnkey solution
provider specializing in healthcare, education, and mixed-use
development projects in the Middle East and North Africa.
As a prominent Saudi Class (A) company, IHCC is firmly aligned
with the Kingdom’s Vision 2030, through the creation of various
business units in key disciplines. The in-house capabilities of
IHCC encompass the prime components of the successful
delivery of megaprojects and reflect the company’s strength
in leading on the provisions of high-performance buildings
solutions. IHCC acts as a single source for integrated turnkey
solutions that cover design & engineering, construction, MEP,
finishing & fit-out, energy efficiency, building sustainability
solutions, facilities management, and investments. The
company’s experience and offering are provided through
various channels including Design & Build, EPC contracts,
Public-Private Partnerships (PPP’s), and EPC Financing
solutions.
IHCC has a proven track record that highlights its steady
growth and its major role in Vision 2030 giga-project
developments. At present the company is delivering on
numerous large-scale contracts in the KSA, UAE, Egypt and
Morocco, including advanced medical cities in Makkah,
Dammam, and Alexandria. Each medical city is comprised of
hospital buildings, specialty centers, educational and residential
facilities, mixed-use and commercial buildings, recreational
facilities, and landscaping.
Page 38
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CBNME
COVER STORY
N
EOM is an
attempt to do
something that’s
never been done
before and it’s
coming at a time
when the world
needs fresh
thinking and
new solutions.
Simply put,
NEOM will be a destination, a
home for people who dream
big and want to be part of
building a new model for
sustainable living, working and
prospering.
NEOM and the The Crown
Prince and Chairman of the
NEOM Board of Directors,
His Royal Highness Prince
Mohammed bin Salman have
announced several futuristic
projects such as the OXAGON
and THE LINE.
NEOM’s OXAGON, home to
advanced and clean industries
with industrial innovation at
its core.
OXAGON is building an
infrastructure designed
to develop a collaborative
innovation ecosystem where
ideas are accelerated from
lab to market. The coastal city
will be home to a dedicated
Research and Innovation
District, housing a campus
equipped with state-of-
the-art facilities, from open
working spaces to the latest
in technologies, all powered
by clean energy – ultimately
providing a live-lab for
industrial innovation.
In addition to applicants from
Saudi universities, homegrown
innovators from across the
country are also invited to
participate in the Hackathon
and Accelerator with a chance
to turn their innovative
solutions into viable startup
businesses.
THE LINE, a civilizational
revolution that puts
humans first, providing an
unprecedented urban living
experience while preserving
the surrounding nature. In
January last year, His Royal
Highness launched the initial
idea and vision of the city
that redefines the concept of
urban development and what
cities of the future should look
like.
The designs of THE
LINE embody how urban
communities will be in the
future in an environment
free from roads, cars and
emissions. It will run on
100% renewable energy and
prioritize people’s health and
well-being over transportation
and infrastructure as in
traditional cities. It puts nature
ahead of development and will
contribute to preserving 95%
of NEOM’s land.
The announcement
reveals the most important
characteristics of THE LINE,
which is only 200 meters
wide, 170 kilometers long
and 500 meters above sea
level. THE LINE will eventually
accommodate 9 million
residents and will be built
on a footprint of 34 square
kilometers, which is unheard
of when compared to other
cities of similar capacity.
This in turn will reduce the
infrastructure footprint and
create never-before-seen
efficiencies in city functions.
Its ideal climate all year round
will ensure that residents
can enjoy surrounding
nature when traveling on
foot. Residents will also have
access to all facilities in THE
LINE within a five-minute walk,
in addition to a high-speed rail
with an end-to-end transit of
20 minutes.
NEOM
Page 39
NEW IVECO S-WAY: HIGH TECHNOLOGY AND EFFICIENCY FOR ON-ROAD MISSIONS
The new IVECO S-WAY, with a completely redesigned and reinforced cab, offers a wide choice of Euro III/V diesel engines,
a delivering class-leading power from 360 HP to 560 HP Euro III / 570 HP Euro V and superior fuel-saving devices,
such as anti-idling feature, Ecoswitch, Ecoroll and Smart Alternator. 12-speed HI-TRONIX automated transmission with the most advanced
technology in its category, electronic clutch and best-in-class torque-to-weight ratio.
NEW IVECO T-WAY: HIGH PRODUCTIVITY AND SAFETY ON OFF-ROAD TERRAINS
With a complete line-up of AWD and PWD versions and the the 16-speed HI-TRONIX automated gearbox, the IVECO T-WAY features
a host of functionalities such as Rocking Mode, Off-road Mode, Creeping Mode and 4 reverse gears to tackle with ease the toughest off-road conditions.
The new architecture of the EBS system, combined with disc brakes on all wheels, greatly improves the vehicle’s performance
and the driver’s safety in the most demanding applications.
DRIVE THE NEW WAY
Page 40
40 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
CBNME
COVER STORY
I
n the span of seven years, despite
economic slumps and pandemic
challenges, Joe persevered,
formulated vision/ mission,
planned everything around the
future, from business strategy
to financial situation and started
exploring for work in different
geographies and other sectors
like healthcare. Subsequently,
JT&Partners grew to more than twice its
original size.
His initial staff rose to +70, its Dubai
office increased to +300sqm and the
company expanded its practice to Abu
Dhabi and Beirut.
Taking advantage of multi-skilled
resources availability in the region, Joe
employed people from multicultural
backgrounds, of +15 different
nationalities with diverse professional
experiences. Thus, JT&Partners has an
energetic, collaborative, creative team of
innovative individuals with their fingers
on the pulse of global architecture and
construction, from latest technologies
and trends, to oldest traditions,
producing bespoke designs that reflect
diversity in culture, experience and
understanding.
Joe is a firm believer of applying
innovation at different levels: design,
business, client approach, project
approach and good support team. He
uses “unconventional” management
strategies for JT&Partners to
sustain its reputation as a world-
renown consultant, delivering iconic,
environmental and socially sustainable
projects world-wide as well as retaining
and expanding his clientele and
contacts.
A talented, insightful and creative
architect, he has the gift of being able
to understand, interpret local cultural
requirements/ aspirations and reflecting
all these into cost-effective building
design solutions.
He creates buildings and communities
that transcend Proactive in his
commitments to CSR, Joe is heavily
involved in raising awareness on
sociable/sustainable communities,
giving his team good health/financial
benefits, fostering future generation,
conducting business ethically/fairly,
supporting worthy causes. Outside of
the practice, he attends international
industry related exhibits, actively
participates in university lectures/
panel discussions and grants interviews
to share his knowledge, experiences,
viewpoints. Joe is an inspiration to
designers and architects. He achieved
success through his innovative ideas
in design and management, creativity
to “think outside of the box” and being
a flexible and adaptable visionary. To
be ranked amongst the most powerful
architects and influencers in the Region
is an honour for Joe.
JT+Partners
Joe Tabet,
Managing Director and
Founder, JT+Partners
Page 41
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 41
KSA’S BOLD VISION IS PAYING OFF
A
s Chief Executive of the
Middle East and Africa, Hamed
is focused on advancing
a culture of technical
excellence and innovation
with an emphasis on quality
and responsiveness to client
needs. His extensive industry
knowledge and strong client
insight ensure that AECOM delivers
solutions that solve its clients’ most
complex challenges.
He remains engaged in the technical
delivery of projects by serving as a
project executive sponsor for major
programs across the region. Notable
high-profile projects in which Hamed is
involved include:
> Hamad International Airport, Qatar
> Midfield Terminal Complex, Abu Dhabi,
UAE
> Saudi Customs PMO
> The Line, NEOM, Saudi Arabia
> NEOM Bay, Saudi Arabia
Highlights over the past 12 months
In Saudi Araba, Hamed has played
a leading role in AECOM’s ongoing
expansion and market dominance. His
strong leadership and relentless focus
on flawless project delivery were key
to AECOM securing significant contract
extensions on Vision 2030 projects,
such as NEOM Bay, for which we provide
program management consultancy
services and NEOM Spine Infrastructure,
for which we provide design services.
In addition, we were awarded the role
of Executive Program Management
by the Royal Commission of AlUla and
Majid Al Futtaim appointed us as the
lead design consultant for its mixed-use
development in north Riyadh.
In Qatar, Hamed continued to forge
delivery relationships with Ashghal,
adding the management of their local
roads and drainage program to our
portfolio. We also secured a six-year
contract with Hamad International
Airport to provide PMC services for a
new cargo terminal and Amiri Flight
Facilities.
In the UAE, Hamed is a trusted
advisor to clients. We continue to
deliver transformative projects for the
public and private sector, and secured
contracts for large-scale projects with
Aldar and Miral.
Since launching Sustainable Legacies,
our ESG strategy and services, in April
2021, we have secured work through
frameworks providing net zero advisory
services to clients. By embracing
services that are being valued
differently by clients we have embedded
this new revenue stream in our regional
business and boast the largest market
share of voice on net zero.
Key projects we’ve worked on and
completed over the past 12 months
The flagship projects we have
completed across the Middle East &
Africa include:
> Dubai Expo Public Realm, UAE –
masterplanning & public realm
> Dubai Expo Roads, UAE – design and
construction supervision
> Museum of the Future, UAE – cost
consultancy
> ICD Brookfield Place, UAE – project
management
> Doha Oasis, Qatar – project
management
> Diyar Al Muharraq infrastructure,
Bahrain – design and construction
supervision
> Habitas Hotel, AlUla – program
management
> Mall of Oman, Oman - lead design and
construction supervision
> Tema Port Phase 1, Ghana –
construction supervision
> Transformational projects we continue
to work on include:
> Saudi Customs PMO
> MOMRA PMO
> Midfield Terminal Complex, Abu Dhabi
Airport
> Diriyah Square
> King Khalid International Airport, Riyadh
> Red Sea International Airport
> Jeddah Stormwater Master Plan
AECOM Middle
East & Africa
Hamed Zaghw,
Chief Executive, AECOM
Middle East & Africa
Page 42
42 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
CBNME
COVER STORY
Y
ousef Al-Shelash, Chairman of the Board and
one of the founders of Dar Al Arkan Real Estate
Development Company, has spearheaded the
company’s 28-year journey as one of the largest
listed real estate companies in KSA and the region
with a total of 32 billion Saudi Riyals in assets.
As a pioneer in the real estate sector, Al-Shelash
has been instrumental in shaping the concept of
space in Saudi Arabia and beyond. For Dar Al Arkan,
he has not only set a benchmark for residential, commercial,
and mix-use projects in KSA but also expanded its footprint
to other markets like Qatar, UAE, Oman, and Bosnia to build its
international success, with iconic projects.
An advocate of innovation, he has been diversifying the
company’s offerings in the digital arena by buy building a
world-class digitized real estate hub coupled with curating
limited edition projects with globally renowned luxury brands
such as Roberto Cavalli, Elie Saab, Missoni, and Pagani Auto-
mobili.
Al-Shelash brings years of invaluable knowledge in real estate
development, financial, and investment banking sectors and is
currently on the board of several leading financial institutions.
Dar Al Arkan Real Estate
Development Company
Yousef Al-Shelash,
chairman, Dar Al Arkan
Real Estate Development
Company
Page 43
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 43
KSA’S BOLD VISION IS PAYING OFF
Q
iddiya will be a disruptive
destination recognized
on the world stage as
the home of the most
innovative and immersive
experiences. Our wide
range of offerings will be
based on five cornerstones:
Sports & Wellness; Nature
& Environment; Parks & Attractions;
Motion & Mobility; and Arts & Culture,
making Qiddiya the capital of
Entertainment, Sports and the Arts, not
just in the Kingdom of Saudi Arabia, but
of the world.
Family-friendly theme parks, sports
arenas suitable for international com-
petitions, academies for sports and
the arts, concert and entertainment
venues, racetracks for motorsport
enthusiasts as well as outdoor and ad-
venture activities alongside nature and
environment experiences are just some
of the fun attractions being developed.
Qiddiya will also include a variety of
real estate options and community
services.
In short, Qiddiya will be a place that
enables the youth of Saudi Arabia to
fulfill their ambitions. It will be a place
where they enjoy, appreciate, aspire,
advance and nurture their potential; a
place that unlocks opportunities and
new professional pathways to help
build a more prosperous and progres-
sive society.
Qiddiya Investment
Company
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44 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
CBNME
FACILITIES MANAGEMENT
Page 45
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 45
COMMITTED TO EXCELLENCE | ENG. MOHAMMAD ABDUL KARIM KHAMIS
Tell us what ENFM goals and objectives are
for 2022?
Emirates National Facilities Management has
undergone a huge transformation over the
past 10 years. We currently manage over 800
sites across the UAE with an average of 3000
dedicated staff. Our journey has enabled us
to work with different organizations across
multiple sectors in UAE. As of this year, we
have recently launched our B2C Division
which will now enable us to provide our
services to end-users directly, we have also
won new tenders which have had a huge
impact in our financial benefits. We are also
delivering the services on time anywhere
within UAE. We assure to bring new
technology into EnFM.
Entertainment sector and National Security
Sectors are being targeted in this year.
To promote and excel the brand image of
EnFM to reflect in the UAE market.
Tell us about the latest projects/contracts
that ENFM have delivered/won and are there
any other upcoming projects in the pipeline?
EnFM’s strategy in catering the customers’
requirements to meet and exceed their
expectations has resulted in successful
renewal of 98% contracts which is being
managed by EnFM.
Our unique selling preposition and
customer retention strategy incubated with
end to end FM solution makes our customers
comfortable and up hails their trust on us.
WON Projects – DEWA, Abu Dhabi
Monitoring control center, NOVO Cinemas.
WAM (Emirates News Agency)…ETC.
Can you tell us how your services provide a
unique value to your buyers? How has ENFM
customer service helped in keeping clients
satisfied?
We do not sell services to our clients only,
we provide solutions to their requirement.
This is what sets us apart from other service
providers. Our approaches are based on
having a long-term relationship rather than
looking for quick sales approach.
Our FM solution covers 2 major aspects
which are FM Engineering services and
Customer Happiness Center apart from other
regular aspects of FM.
These two aspects take care of complete
customer journey with EnFM providing cost
effective and durable solutions for our clients.
Which make us to offer unique value to our
customers.
Our customer happiness center along
with the Operations teams proactively
approaches the clients in understanding their
requirements at regular intervals to up-keep
the customer satisfaction and their journey
with EnFM.
How has ENFM differentiated itself from
other companies in the FM Industry?
We are unique in providing FM solutions to
our clients.
Our FM team come with innovative ideas
and practices while designing FM solution
for clients, we believe each contract requires
unique solution considering nature of the
property, quality and cost effectiveness. With
this approach EnFM has increased experience
in customer trust in delivering our projects
with desired level of customer satisfaction.
In further elaboration, our agility in
managing the changes/amendments to the
contract within the timelines differentiates
us among our competitors which has been
witnessed during the contract awarding stage.
In addition, Major mobilization and any
high number of resources doesn’t matter to
us. For an instance, EnFM has mobilized
450+ resources over the short span of 30 days
period for scattered locations within UAE.
COMMITTED TO EXCELLENCE
IN CONVERSATION WITH ENG. MOHAMMAD ABDUL KARIM KHAMIS,
GM AT EMIRATES NATIONAL FACILITIES MANAGEMENT (ENFM)
Page 46
46 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
CBNME
FACILITIES MANAGEMENT
Can you give us a market
overview of the FM industry
in Dubai and what are the
positive signs you see in
2022?
The past two years have
brought immense challenges,
especially managing the
pandemic in the service
industry and more also
growth opportunities for some
organizations. FM companies
found new ways to serve
customers by adopting the
latest technology, created new
services, and discovered ways
to save by consolidating space
management and rethinking
traditional approaches to
facilities management. Just to
mention some of the common
challenges might be.
It has been witnessed that
Dubai has attracted major
investment based on the
wisely devised regulations to
have a diversified economy.
Which has heavily contributed
to the FM market.
The major corporate players
are shifting their base in
Dubai as their operating
hub, 2022 will see rising
demand across the corporate
institutions with domination
of private sectors.
What are the key trends
(technology wise) you see
going forward into 2022 that
would be innovative in the FM
industry?
Technology is the key driver
for FM and its continuous
evolution year on year ease
the FM operations and helps
us in delivering FM services
precisely.
Moving forward in 2022,
the shift in technology will be
from Internet of Things (IOT)
to Artificial Intelligence (AI).
The AI will be devised to
achieve the higher accuracy in
predictive maintenance and in
faster decision making. This
will eliminate major manual
interference of human,
eliminating errors with an
ample of cost savings.
Describe to us your
leadership style and how it
matches EnFM vision
As a leader, I align each
one our team towards our
mission, built confident in
them by empowering to
take lead in achieving the
organizational goals.
I inspire them to figure out
the best possible innovative
ways to achieve the goals
by providing high level of
direction.
We at EnFM believe
in encouraging the team
members to use their strengths
and emerge as leaders
themselves.
The culture built around
by this way of working, has
yielded the results in overall
achieving the vision.
The innovative way
of working by the team
helped us in exceeding
their expectations in terms
of quality, continuous
improvement, and
sustainability. Thus, matches
with our Vision.
Vision “To be the SMART
FM service provider of choice
by understanding the needs
of our valuable clients and
exceeding their expectations
in terms of quality,
continuous improvement, and
sustainability.’’
Tell us why collaboration with
key stakeholders is becoming
more prevalent and important
for FM companies?
Collaboration with the
stakeholders is the key
factor for success to provide
cost effect FM solution to
the clients. It plays major
role to cater mega project
requirements.
The three-essential
collaboration apart form
many others are required
for FM companies to be
competitive edge in the
Market and to acquire major
FM market share
Technology Collaboration
– Technology grows in the
very faster pace, without
technology collaboration we
will behind in the market.
Technology is the key towards
the success.
Suppliers and sub-
contractors’ collaboration – It
is not feasible to perform all
the FM services by Inhouse
team, Absence of the strong
suppliers and sub-contractors
can result is higher cost of
service delivery and even
fails in meeting the contract
requirements.
Support Services
Collaboration – The
key support functions
for operations such as
Transportation, Logistics and
Accommodation plays vital
role in backing up operations
to deliver the services at site.
It requires to be managed in
an efficient manner in terms
of both cost and timelines.
The collaboration with good
service provider to manage
the support services will lead
to control cost overruns and
further to improve the bottom
line margins of the contract.
Page 47
Ras Al Khaimah
Umm Al Quawain
Ajman
Sharjah
Dubai
Abu Dhabi
Fujairah
Al Ain
SCAN THE QR CODE TO DOWNLOAD THE APP
TOLL FREE
800 3200
FOLLOW US:
@enfmhomeservices
KEEP IN TOUCH:
sales@enfm.ae
Google Play
Available at
Available at
HAVING 800 ACCESS SITES ACROSS
THE UAE FOR TOTAL FM SERVICES
DXB
45%
AUH
33%
SHJ
7%
AUM
4%
FUJ
4%
RAK
4%
UAQ
3%
%
LOCATION-
WISE
Page 48
48 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
CBNME
RESIDENTIAL
MASAAR DISCOVERY CENTER
Sharjah Crown Prince opens Masaar
Discovery Center in Suyoh district
Page 49
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 49
MASAAR DISCOVERY CENTER
H
H Sheikh Sultan bin
Mohammed bin Sultan
Al Qasimi, Crown Prince
and Deputy Ruler of
Sharjah inaugurated today
the Masaar Discovery
Center and its surrounding
precinct, accompanied
by HH Sheikh Sultan
bin Ahmed Al Qasimi,
Chairman of Arada and
HRH Prince Khaled bin Alwaleed bin
Talal, Vice Chairman of Arada, to view
the amenities now open at Masaar,
Arada’s latest residential project which
enjoys an impressive series of family-
friendly attractions in the first part of the
AED8 billion forested megaproject to be
opened to the public.
The tour has also covered a children’s
adventure playground, an outdoor
amphitheatre, a children’s waterplay
area, and a skate park, alongside the
second location of the popular Zad food
truck park, all of which are set in lush
green landscaping. Also open to the
public is the community’s first completed
home, the Masaar Show Villa, which can
be reached via a forested walkway.
An architectural statement in itself,
the Masaar Discovery Center is
characterised by open space, abundant
natural light and different experiences
showcasing the features of the upcoming
community. Thanks to a double-height
glass façade, visitors can see impressive
vistas of the woodland at any point
within the building.
HH Sheikh Sultan bin Ahmed Al
Qasimi, Chairman of Arada, said: “This
is a landmark moment for Masaar
that marks the first phase of delivery
at Sharjah’s exceptional woodland
community. From today, we look
forward to welcoming visitors to enjoy
the amenities, which we are confident
will enable Masaar to become an
entertainment hotspot for families in
Sharjah.”
HRH Prince Khaled bin Alwaleed bin
Talal, Vice Chairman of Arada, said:
“When we launched Masaar, we made
a promise to our buyers that we would
deliver a lifestyle that is unmatched
anywhere else not just in Sharjah but
the wider UAE. Today we are starting
to deliver on that promise and giving
members of the public an opportunity
to see first-hand what the experience
of living in this transformational
community will be like in the very near
future.”
The next milestone for delivery in
December will be the completion of the
Masaar buffer zone, the border that runs
around the outside of the community.
This zone will contain thousands of trees
and feature two professional looped
cycling and jogging tracks, each 6.6
kilometres in length. The entertainment
district at the heart of Masaar will also
contain a retail centre with a gym and a
variety of dining options.
With eight gated districts containing
4,000 villas and townhouses, Masaar’s
signature feature is a ‘green spine’
containing 50,000 trees. Construction
work is under way to build Sendian,
Masaar’s first residential district, which
is scheduled to be completed in summer
2023. The construction contracts for
both the second residential district,
Kaya, and the third, Robinia, will be
awarded before the end of the year. The
opening of the Masaar Discovery Center
coincides with another milestone, as
Arada has just reached 1,000 home sales
in the community.
Masaar, or ‘path’ in Arabic, has been
carefully designed to enable its residents
to transform their lives by encouraging
healthy living in harmony with nature.
Featuring over 50,000 trees, Masaar’s
signature feature is a lushly landscaped
and walkable ‘green spine’ that will be
activated by footpaths, cycle tracks,
passive zones and a range of different
sporting facilities.
Masaar is ideally located in the up-
and-coming Suyoh district, close to
Tilal City, the Sharjah Mosque and
Arada’s first project, Nasma Residences.
The community has easy access to
Emirates Road and Mleiha Road,
and is 15 minutes’ drive from Sharjah
International Airport, and 20 minutes’
drive from Dubai International Airport.
The location is ideal for a convenient
and traffic-free commute from Sharjah to
Dubai or the Northern Emirates.
HH Crown Prince of Sharjah,
HH Sheikh Sultan bin Ahmed Al
Qasimi, Chairman of Arada, and
HRH Prince Khaled bin Alwaleed
bin Talal, Vice Chairman of Arada,
in the Masaar Show Villa
Page 50
50 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
CBNME
MACHINERY
In conversation with Phillip Weston, Key Accounts Manager, Ritchie Bros. Middle
East, Africa, and India
NEW NOVEMBER AUCTION MEANS
MORE ASSET DISPOSITION OPTIONS
FOR CONSTRUCTION COMPANIES SAYS
RITCHIE BROS.
Page 51
CONSTRUCTION BUSINESS NEWS ME |OCTOBER 2022 | 51
MASAAR DISCOVERY CENTER
Tell us why auctions are important for
construction companies?
Liquidity is always a key consideration
for construction companies since surplus
heavy equipment, machinery and vehicle
inventory can unnecessarily weigh down
a company’s balance sheet. Increasing
liquidity, removing surplus assets from
the books, and improving the bottom
line are often key objectives for many
business managers
Timing is critical. Choosing the right
time to sell can have a big impact on the
selling price.
An increasing number of construction
companies are seeking more efficient
ways to improve the procurement,
management and disposition of heavy
equipment, vehicles and trucks. The main
reasons in the current market continue
to be the high shipping rates and long
delivery times for machinery.
However, as is common with asset
lifecycle decisions, timing is critical. The
challenge is to release surplus assets onto
the market at the right time, considering
seasonality factors and fluctuating
demand for specific assets. Choosing the
right time to sell can have a big impact
on the selling price.
Why is Ritchie Bros. adding a new
November auction?
Responding to the need for more asset
disposition options, Ritchie Bros.
Middle East, Dubai is adding another
online Timed Auction event in the year
starting this November. This decision
follows strong results at the company’s
June auction, when over 1,800 items
were sold to online buyers worldwide,
recording the highest number of buyers
and sellers in the past five years for May/
June auctions.
With Ritchie Bros.’ addition of a fifth
unreserved online auction in Dubai in
November, consigners do not need to
wait long and can achieve faster results.
Are these auctions in-person or online?
Following the transition to entirely
online auctions and marketplaces,
Ritchie Bros.’ advanced digital
equipment disposition infrastructure
enables the company to increase the
number of online auctions held annually.
The decision to grow from four to five
online auctions annually is evidence
of this digital transformation strategy
working in practice.
How can construction companies use
data insights to set pricing?
Equipment value is difficult to establish
without access to proper expertise and
in-depth knowledge of the industry.
Every year, hundreds of thousands of
transactions go through Ritchie Bros.
around the world, providing valuable
information on where and when to
sell machinery for the best market
value. Ritchie Bros. uses historical
and predictive data sets, develops
analytical tools, and provides
intelligence that allows its customers
to make better decisions.
What selling opportunities are
available?
Companies that have a surplus of
assets need frequent access to the
market and different asset disposition
models. However, as is common
Page 52
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CBNME
MACHINERY
with asset life cycle decisions, timing
is critical. Choosing where, how, and
when to sell, will have an impact on the
selling price. With Ritchie Bros.’ addition
of a fifth unreserved online auction in
Dubai in November, consigners do not
need to wait long and can achieve faster
results. In addition, consignors can also
opt for the online Marketplace-E, where
consignors receive full assistance in
finding the right buyer and at the right
price.
Demand for used equipment amid
global supply chain disruptions remains
relatively strong.
How does the new November auction
help flatten the aftermarket supply and
demand curve for buyers?
Demand for used equipment amid
global supply chain disruptions remains
relatively strong. An additional auction
event ‘evens out’ the flow of equipment
categories onto the market, meaning
buyers can access vital equipment more
quickly, alleviating short-term shortages
and keeping their businesses trading at
full capacity.
Why is low-hour used equipment in
greater demand at this time?
Increased buying activity is being
observed in the construction sector due
to supply chain delays in new equipment.
Even construction companies that
generally might not consider buying
used machines are now looking through
Ritchie Bros.’ equipment inventories for
low-hour, ready-for-work machines.
An additional auction event ‘evens out’
the flow of equipment categories onto
the market, meaning buyers can access
vital equipment more quickly.
What are the upcoming auctions dates?
For 2022 the Dubai auction calendar
has online auctions in March, June,
September, November (newly added)
and December. Sellers have already
started consigning items for the new
Ritchie Bros. online Timed Auction in
Dubai, which will be held on November
1 and 2, 2022, with bidding open
from mid-October. Besides auctions,
there are several other disposition
formats available for equipment sellers,
depending entirely on their needs and
preferences.
Where is more information available?
To find out more about selling with
Ritchie Bros. or to view current
inventory highlights, go to:
rbauction.com/Dubai
Page 53
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Page 54
54 | CONSTRUCTION BUSINESS NEWS ME | OCTOBER 2022
WWW.CBNME.COM
CBNME
REBRANDING
N
akheel, the Dubai-based
world-leading master
developer, has unveiled
a compelling positioning
and new brand promise
for its next phase of
growth. Supporting the Dubai 2040
Urban Master Plan, which aims to
enhance people’s happiness and quality
of life, Nakheel will focus on ‘building
happiness and prosperity’’.
Reinforcing Dubai as a global
destination of choice and positioning
the emirate as the best city to live in the
world, Nakheel will further support the
Plan’s goals of providing the highest
standards of urban infrastructure
and facilities, developing vibrant and
inclusive communities, fostering greater
economic activity and positioning Dubai
as an aspirational city to visit, live and
thrive in.
Nakheel is synonymous with
Dubai’s journey of growth, developing
landmarks including Palm Jumeirah,
The Palm Tower and Palm West Beach.
By focusing on ‘building happiness
and prosperity’, the Nakheel re-brand
reflects its focus on the wellbeing and
quality of life for citizens, residents
and visitors, enhancing communities
and building for Dubai’s future, whilst
curating meaningful and rewarding
experiences.
Naaman Atallah, Chief Executive
Officer at Nakheel, said: “This is an
exciting transformational phase for
Nakheel. As experts in waterfront
living, we have delivered and continue
to deliver on the vision of His Highness
Sheikh Mohammed bin Rashid Al
Maktoum, UAE Vice President and
Prime Minister and Ruler of Dubai.”
“Nakheel is a pioneer in innovative
developments, such as Palm Jumeirah,
now a destination within a destination.
The re-brand is a natural evolution,
whereby we will focus even more on
our customers, offering exceptional
brand value and creating stronger,
more engaging relationships by
becoming partners in their experiences.
At the same time, we will continue
to transform land and water into
vibrant, sustainable cities through our
internationally recognised developments
and unrivalled experiences for all.
We are building today for a better
tomorrow.”
Nakheel will continue to provide
its citizens, residents and visitors
with the highest standards of living
through safe and secure communities
with a wealth of amenities, access to
waterfront experiences and open green
spaces. Nakheel’s beautifully designed
developments serve to reflect enhanced
lifestyles and enable residents to call
Dubai home.
The Nakheel re-brand campaign
will be visible across multiple
communication channels including
digital, outdoor and social. This
multi-format is designed to resonate
with residents and visitors, reflecting
their own experiences in Dubai, or
aspirational experiences they would like
to embark upon.
With a strong portfolio of
developments as well as an exciting
pipeline, Nakheel will continue to
provide experiential living, ‘build
happiness and prosperity’, and attract
best-in-class global brands to enhance
the quality of life of those visiting and
living in Nakheel’s developments, and
in Dubai.
NAKHEEL RE-BRAND
SUPPORTS DUBAI 2040
URBAN MASTER PLAN
Focus on ‘building happiness and prosperity’
to enhance the wellbeing of citizens, residents
and visitors
Page 55
Living on the
Leading
Edge of Design
KOHLER
For more details, please visit kohlercompany.com.
Page 56
