Oklahoma state officials have announced a significant agreement with a private company from the United Arab Emirates to construct a $4 billion aluminum manufacturing facility in northeast Oklahoma. This deal, revealed on Friday, marks a major development for the state’s industrial landscape. Governor Kevin Stitt, along with officials from the Oklahoma Department of Commerce, emphasized...
Hong Kong-based AI company viAct has successfully raised $7.30 million in a Series A funding round. The investment was led by Ireland’s VentureWave Capital, with additional participation from Singtel Innov8 and Korean Investment Partners. The company aims to expand its business on a global scale, particularly focusing on the Middle East, with a special emphasis...
The Dubai Electricity and Water Authority (DEWA) has introduced a simplified process for obtaining no-objection certificates (NOCs) for electricity and water as part of its initiative to streamline government procedures and enhance service delivery. This NOC is available for enrolled contractors and consultants who are looking to secure building permits. Credit: ZAWYA DEWA offers the...
Dubai is embarking on a $1.2 billion megaproject named ‘The Island,’ which will feature three prestigious Las Vegas hotel brands: MGM Grand, Bellagio, and Aria. This ambitious development is situated off the coast of Umm Suqeim, close to the iconic Burj Al Arab. The project is being led by Wasl Asset Management Group, while construction...
The American Concrete Institute (ACI) recently held an international conference in Dubai that focused on green concrete and advancements in construction technology. Over 300 experts and researchers from 14 countries attended the two-day event, which emphasized sustainability in the concrete and construction sectors. The conference featured participation from various stakeholders including government representatives, university students,...
Global Partners has announced the appointment of Dubai Contractors as the main contractor for the Eden House The Park project. This marks the second anticipated project under Global Partners’ first real estate fund, which is regulated by the Dubai Financial Services Authority. With preliminary work at the project site already completed, Dubai Contractors will now...
AMIS Development, a luxury real estate builder, has officially broken ground on its latest residential project, Woodland Terraces, valued at AED 130 million. This new development is situated in District 11 of Meydan, Dubai, and construction is set to be completed in the first quarter of 2027. The groundbreaking ceremony took place on-site and was...
Dubai has officially started construction on Aeternitas Tower, which will be the world’s tallest residential clock tower, exceeding the height of London’s Big Ben by more than four times. Developed by London Gate in collaboration with renowned watch designer Franck Muller, Aeternitas Tower is also poised to be the tallest branded residence globally. The completion...
The National Bank of Fujairah has successfully finalized a financing agreement worth $100 million for the construction of a clinker production unit by Pure Cement LLC. This agreement is a single currency term loan aimed at supporting the growth of the cement production sector in the region. This significant investment highlights the bank’s commitment to...
Arada has awarded a contract worth AED 604 million to Modern Building Contracting Company (MBCC) for the construction of the first phase of the Arada Central Business District (CBD). This new commercial hub is part of the AED 35 billion Aljada megaproject in Sharjah. Construction is set to begin immediately, with the completion and handover...