The company will also explore innovative ways to leverage artificial intelligence to align with UAE on net-zero carbon emissions by 2050
sustainable development
Ayman Sami
Magnom appoints JLL as project manager for its upcoming projects in the region
JLL will advise on Magnom Properties’ high-value commercial, residential and lifestyle projects in Saudi Arabia, Egypt and the wider Middle East and North Africa region
DEWA
Construction of DEWA’s $23.41mn Hatta water reservoir project crosses 36.25 percent milestone
Expected to be complete by April 2023, the project will have a capacity of 30 million imperial gallons (MIG)
Emirati business
Emirati and Irish family businesses can work together to power the future through innovation and sustainability
Family businesses are renowned for delivering innovative solutions and cutting-edge research
Arabian Travel Market
Shurooq to develop two luxury hospitality megaprojects in Sharjah as it looks to boost UAE eco-tourism
Shurooq will convert a pearl merchant’s 19th century family home into a 12-key wing of The Chedi Al Bait hotel, and will develop 13 houses in the 100-year old Najd Al Meqsar mountain village into heritage-style hotel units
Abdullah bin Touq Al Marri
UAE Minister of Economy reveals CSR UAE Fund’s five-year strategy to boost PPPs and encourage CSR efforts
The CSR UAE Fund’s strategy for the next five years include 50 programmes and initiatives designed in partnership with the private sector that will assess levels of progress achieves in regard to the UN SDGs
carbon emissions
Inside the UAE-based startup that has helped eliminate 40 million kilograms of CO2 across 300 sustainable projects
After its recent expansion to Saudi Arabia, EcoBuild is considering global collaboration
Bahrain
Bahrain’s Infracorp lists $900 million green sukuk on the London Stock Exchange
Green sukuks have grown by more than 17 percent year-on-year in 2021 to $15 billion, and are expected to remain a key theme of the Islamic finance market in 2022
Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank provides $61 million in financing for green-certified projects in Saudi Arabia
In collaboration with MUFG, Alimna Bank, Riyad Bank, and Siemens Bank, $480 million of green finance has been allocated for three independent sewage treatment plants (ISTP) in Saudi Arabia
Al Hira Beach
Shurooq officials review progress on $544.5mn Sharjah Sustainable City, $23.68mn Al Hira Beach projects
Shurooq’s Sharjah Sustainable City is a first-of-its-kind project in the emirate that meets the highest standards of green economy and environmental sustainability, while the Al Hira Beach project is Shurooq’s largest beach development project to date
economic recovery
OPEC Fund for International Development approves $233mn funding to aid public sector projects
The funding to aid economic recovery, infrastructure projects, and food security will benefit a number of countries, including Kosovo, Pakistan, Uzbekistan, and Zimbabwe
Abu Dhabi Fund for Development
Masdar begins construction on 230MW solar power plant, inks additional clean energy project deals
The project will help generate half a billion kilowatt-hours of electricity annually, enough to meet the needs of more than 110,000 houses, and will reduce emissions by more than 200,000 tonnes a year
Agriculture
Accelerating solutions for a truly sustainable and self-sufficient world
“Food and water security partnerships in the region are ready for a quantum leap, and global resources recovery leaders such as Veolia are playing a critical role in spearheading this ecological transformation”
aldar development
Revealed: $490m Sustainable City to be built on Abu Dhabi’s Yas Island
Aldar signs agreement with Diamond Developers to start construction of new project in late 2022
Saudi Tourism
Raising the bar for sustainable mountain tourism
While mountains have served as a place of human settlement for time immemorial, protecting these dynamic yet vulnerable ecosystems have only taken root in last few decades
building and construction
UAE construction: 50 years of progress
The UAE is home to many game-changing buildings and developments. Now the nation’s construction sector is building a more sustainable future
green building
What real estate developers must focus on, to help them define sustainability strategies?
It is time for builders to understand that they have an urgent underlying responsibility to help develop a low-carbon, sustainable, and green economy