UAE: The executive councils of Abu Dhabi and Dubai have signed a co-operation charter for the development of a 150 km high speed rail link between the cities which would be designed for 350 km/h running to offer a 30 min journey time. The Abu Dhabi government said the project announced on January 23 would integrate…
(Bloomberg) — Dubai will seek up to $500 million from the initial public offering of ALEC Engineering & Contracting LLC, according to people familiar with the matter, as the emirate seeks to revive its privatization drive. State-backed Investment Corp. of Dubai is looking sell shares in the construction company as early as mid-2025, the people…
Dutch architect UNStudio has created a masterplan for the site of Expo City Dubai. The 3.5 sq km project will retain 80% of the infrastructure and buildings that were developed for the 2020 Expo and add homes for 35,000 residents, offices for 37,000 workers and attractions for 50,000 visitors a year. These last will include…