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$125 Billion Dollar Mubadala Fund of Abu Dhabi to begin working in May

Abu Dhabi’s 125 billion dollar sovereign fund Mubadala Investment can begin operations in May by way of 4 divisions that specialize in the Middle East emirate’s interests in infrastructure, energy, technology, and aerospace. In a statement made, the company’s board, created from 2 government-owned investment funds that proclaimed a union last year, supported an organizational structure and tasked senior managers. CEO Khaldoon Khalifa…

1.4 billion-dollar main road in UAE set for completion in first half of 2017

Al Mafraq-Al Ghweifat main road project can improve transportation links across the West Region of the United Arab Emirates. A huge AED 5.3bn or $1.44 billion main road project design to upgrade the transportation links in the Western Region of the UAE is set for completion on the first half of 2017. The mid of 2017 project completion date has been declared following Sheikh Hamdan bin Zayed Al…

No specific timetable for Hyperloop Dubai

According to reports, the Road and Transport Authority of Dubai (RTA) is ordering provisional research to figure out the possibility of hyperloop technology, however no timetable has been established for its execution. RTA created a committee to supervise activities associated with Dubai Future Accelerators Program as a part of which,…

Dubai Properties awards main contractor for 1/JBR

Dubai Construction Company has been granted by Dubai Properties the agreement for its 1/JBR residential project, the developer declared during a recent press conference. The contract was made between Abdulla Bin Lahej, group CEO, Dubai Properties & Ian Harper, contract director at DCC, marking the Dubai-based construction company because the official contractor for the high-end luxury…

New buildings to require Dubai Lamp

Lamps deemed to be energy efficient are set to take the place of eighty percent of conventional lights in Dubai’s private residences and office buildings this 2017 and will be required for every single new structure under development. Utilization of Dubai Lamps will reduce power use by up to ninety…