Construction

Riyadh,–Saudi Arabia, 15 April 2012: Mizat Development Company entered a finance agreement with Bank Aljazira that will provide funding to Mizat Development Company in line with the provisions of Sharia. This came as part of the company’s plan to develop its residential project, Darat Al-Hada, in Riyadh with a total budget of more than 250 Million Riyals.

Eng. Abdulraheem Al-Towaijri, CEO of Mizat Development Company, and Mr. Abdullah Al-Shmassi, Senior Vice President & Head of Corporate and Institutional Banking Group, on behalf of Bank Aljazira, signed the agreement.

On this occasion, Eng. Al-Towaijri said that the residential project that is located in Al-Hada neighborhood in west Riyadh, which is one of the finest residential neighborhoods, exceeds a total area of 40,000 sq.m that will be implemented in two phases. The first phase consists of 48 residential units which is build an area of 325-665 sq.m, while the second phase consists of 50 residential units, having in total 98 residential units.

He confirmed that Mizat Development Company puts its entire experienced and specialized administrative and engineering staff to develop “Darat Al-Hada” project so as to represent an added unique quality to urbanization in Riyadh. The beauty of the project is highlighted by the diverse modern lifestyle designs that provide comfort and settlement, and embodies the quality and prestigious elements produced by the company.

Eng. Al-Towaijri stated that the project is characterized by its location and vital proximity to many important areas and facilities, such as the Diplomatic neighborhood, Convention Palace, Royal Court and King Faisal Specialist Hospital. Also, the project is easily reached via the surrounding road network that provides smooth and flexible entry and exit from the neighborhood.

On the other hand, Mr. Abdullah Al-Shmassi, Senior Vice President & Head of Corporate and Institutional Banking Group said that: “Bank Aljazira has continuously supported investment and real estate companies as it trusts the availability of potential investment opportunities in the sector and its economic viability, and to meet the growing demand for housing.” He also pointed that: “Mizat Development Company has solid experience in implementing residential projects and our funding to “Darat Al-Huda” project of Mizat Development Company demonstrates the goals of Bank Aljazira to deepen its engagement with real estate development companies, which in turn contributes to strengthening the role of our wise government in providing citizens with suitable housing.”

For his part, Eng. Mohammad Al-Saja, Chairman of Mizat Development Company's Board of Directors said that this agreement reflects the interest of the company to establish strategic relationships with banks and local and regional companies in order to create real estate products, which embody visions that satisfy customer expectations and keep up with their trust in the company." He added: "Mizat Development Company is proud to have Bank Aljazira part of the development of "Darat Al-Hada" project, which is one of our recent development projects, and we will be committed to employ the best technologies in the field of construction taking into consideration the high standards that characterize the company."

Magnetic Levitation technology for automatic sliding doors   with “Soft Motion” safety  

World leaders in door technology, DORMA has introduced in the Middle East, the world’s first revolutionary door device with unique Magnetic Levitation technology for the Interiors of any building. This product is a novel automatic sliding door that comes with silent operating behaviour of the door panel and requires no additional safety sensors when the system is operated in Low-Energy-Mode.

CS 80 MAGNEO is an all-purpose application for the public, commercial and private sector and the innovative DORMA Contour design meets all modern interior design requisites. Thanks to its new magnetic technology, it offers an almost noise free, safe and reliable door operation in combination with being wear resistant. The doors can be operated using various modes including a push button, Radar motion detector, a radio remote control and auto switch.

In respect to the new service network plans, His Majesty Sultan Qaboos bin Said grants Royal Orders to the Muscat Municipality to commence the design and implementation of a number of upgrading road construction and lighting projects between Yiti and Al Sifah.

MUSCAT – March 21, 2012: In a recent statement, His Excellency Sultan bin Hamdoon al Harthy, Chairman of Muscat Municipality unveiled news about Royal directives by His Majesty to upgrade the Yiti - Sifah road into a modern carriageway.

Celebration Event Held as Company Announces Completion of 95 Per Cent of the Al Mabeelah Waste Water Project
Muscat, 19th March 2012: Haya Water has hosted an event to celebrate the achievement of its contractors, United National Company of Engineering Contractors and Arab Contractors for delivering 10 million hours of safe working on the Al Mabeelah water re-use project that is now 95% completed. The project is an integral part of Haya Water’s world class water reuse project that is currently being implemented across the whole of the Muscat Governorate area.

The celebration event held in the City Seasons Hotel to mark the milestone was attended by Haya Water Chief Executive officer Hussain Hassan Ali AbdulHussain, Deputy Chairman of Haya Water Khalifa Said Al Abri, United National Company of Engineering Contractors Chairman Sheikh Salim Al Urimi and Arab Contractors Vice Chairman Engineer Mohammed Adel Fathi in the presence of His Excellency Omar Al Zayat, the Egyptian Ambassador to the Sultanate of Oman, and numbers of board of directors  

As the construction industry in the Middle East region continues to develop and move with the latest trends, there is expected to be considerable interest in the upcoming Middle East Construction Forum. The Forum is being held on the sidelines of Hardware+Tools Middle East, the region’s premier trade show and conference for hardware, tools, materials and machinery, which will run from May 8^th to 10^th at the Dubai International Convention and Exhibition Centre.

Sharjah-based Hamriyah Free Zone Authority (HFZA) has recently affirmed its support by signing up as VIP Lounge Sponsor of The BIG (Builders International Gathering) Show 2012 for the second time.

Established in 1995, HFZA is one of the world’s fastest-growing free zones, with over 6,000 companies across 138 countries that utilize the free zone as a launch pad for their businesses.  Its participation in The BIG Show is in line with Sharjah’s objectives to promote the city in the region and in other countries as an important foreign investment hub and to strengthen its status as the industrial backbone of the UAE, while serving as a link to the outside world.  Its participation is also aligned with Omanexpo’s commitment to support government initiatives to provide incentives for foreign investors in its free zones and to create an environment that will be attractive for the construction industry. 

Oman is investing US $2.9 billion in 13 new power, water and energy projects which will begin construction in 2012

Muscat, 19 February 2012: Oman represents one of the fastest growing power and water sectors in the Middle East region with electricity and desalinated water demand expected to increase until 2017 at an average growth rate of about 9% per year according to the Oman Power and Water Procurement Company’s 7-Year Statement 2011-1017.

To face the increasing demand, Oman is investing in strengthening power and desalination water generation capacity and in maximising the network efficiency to improve costs and energy saving benefits and to optimise the rational use of electricity and water resources.

Oman is investing US $2.9 billion in 13 new power, water and energy projects which will begin construction in 2012

Muscat, 19 February 2012: Oman represents one of the fastest growing power and water sectors in the Middle East region with electricity and desalinated water demand expected to increase until 2017 at an average growth rate of about 9% per year according to the Oman Power and Water Procurement Company’s 7-Year Statement 2011-1017.

To face the increasing demand, Oman is investing in strengthening power and desalination water generation capacity and in maximising the network efficiency to improve costs and energy saving benefits and to optimise the rational use of electricity and water resources.

Energy efficiency strategies as well as the ongoing and planned power and water projects will be among the key topics to be discussed at the Oman Power & Water Summit 2012 developed in cooperation with the Public Authority for Electricity and Water and with the official support of the Ministry of Regional Municipalities and Water Resources, Oman Power and Water Procurement Company, Authority for Electricity Regulation, Electricity Holding Company and Rural Areas Electricity Company.