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New projects to boost development in Abu Dhabi
The council gave approval for construction, renovation and infrastructure projects in Liwa, Ghayathi, Al Hayer, Al-Shuaib, Bida Al Mutawaa, Mazyed, Um Ghafa, Nema, Al Salamat Umm Alashtan and Alybanh. Additional infrastructure projects will be implemented for a number of other residential districts in the north of Al Wathba, Al Falah, Mohamed bin Zayed, and Emirati neighbourhoods in metropolitan and other areas.
$968 Billion in projects set for GCC
A 131km metro system in Abu Dhabi is forecasted to begin in 2015. A pan-GCC rail system is in the works, with an updated value of about $30 billion. This network will include the first rail line linking all the GCC member states.
GCC set to invest $968b in 1,638 new projects
Over the next decade, the GCC countries, underpinned by record high oil revenues, are planning 1,638 major projects worth more than $968 billion across various sectors, Kuwait Financial Centre, or Markaz, said. Over 80 per cent of these projects are construction, infrastructure and petroleum industry related projects, the report said.
IATA awards Abu Dhabi International Airport for fast travel
The Abu Dhabi International Airport received the golden award for Fast Travel from International Air Transport Association (IATA), becoming the first airport in the region to adopt IATA’s latest initiative in response to growing passenger demands for more adequate and speedy travel procedures at airports.
Abu Dhabi’s necessary two steps backward
The reassessment of Abu Dhabi’s Vision 2030 resulted in job cuts and project delays. It would’ve been nice without a negative knock-on effect but perhaps it just couldn’t be helped. Even with a recent report that Abu Dhabi is now expecting to handle a million passengers a month, Abu Dhabi’s business landscape looks pretty shaky despite great momentum its aviation industry displays.
Abu Dhabi will undergo short-term fall in demand
Abu Dhabi’s real estate market continues to have a very bright future as government spending ramps up again and the newly delivered supply gets absorbed by tenants upgrading and expanding. There has already been major progress in the delivery of Vision 2030.
Etihad Rail’s UAE network to track with SAP software
Etihad Rail will support the development of its 1,200 km railway across the United Arab Emirates (UAE) with business software solutions from SAP in collaboration with HCL Technologies. One of the most ambitious transport projects in Middle Eastern history, the US$11 billion (Dh40 billion) development will connect the UAE to Saudi Arabia via Ghweifat in the west and Oman via Al Ain in the east.
Efficient Gulf-wide rail network to become a reality
Meanwhile, Abu Dhabi’s two passenger rail projects developed as a part of its Abu Dhabi 2030 Programme, namely the Abu Dhabi Metro and Abu Dhabi Light Rail Transit, are expected to provide a highly efficient and well-integrated transport network connecting all the key locations in the UAE, according to Frost and Sullivan’s analysis.
Abu Dhabi urged to press ahead with projects
Habtoor Leighton is rescheduling payments to troubled developers, including Dubai Holding’s Dubai Properties. Habtoor Leighton is part of an international consortium building a segment of Dubai airport’s Terminal 3, and is embarking on arbitration with the civil aviation authority over a Dh2bn-Dh2.5bn
$100m plan to upgrade traffic technologies in Abu Dhabi
“Presently, there are 250 new signal junctions as well as surveillance devices deployed in areas under development on Yas, Reem, Saadiyat, Al Sawah and Raha Beach, coupled with the construction of three traffic control centres in these areas,” said Al Shamsi.
