An artist’s impression of the iconic Damac Lagoons project in Dubai.
Damac Group, the leading UAE-based business conglomerate, has announced the opening of Damac Mall, adding a new retail and leisure destination
The UAE property sector is getting momentum as more developers are launching new projects to boost the industry and mitigate the impact of COVID-19.
The Dubai real estate market would record unprecedented sales exceeding Dhs230 billion by the end of 2022, to be the highest ever after topping Dhs200b for the first time, compared to Dhs150b last year.
In a clear demonstration of the United Kingdom’s attractiveness as a long-term destination for foreign direct investment, DAMAC International has secured a development financing package of $229.4 million (GBP175 million) for London’s landmark project, DAMAC Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty.
Sheikh Mohamed Bin Zayed said on X, “I extend my sincere congratulations to King Salman Bin Abdulaziz, Crown Prince Mohammed Bin Salman, and the people of Saudi Arabia for the Kingdom's successful bid to host Expo 2030. Through resounding support for Riyadh Expo 2030, the international community continues to recognise the remarkable path towards growth and prosperity in Saudi Arabia.”
This was stated by Badr Jafar, COP28 Special Representative for Business & Philanthropy, during an exclusive interview with Gulf Today, adding that by bringing together over 1,000 leaders from diverse backgrounds.
The Dubai Supreme Council of Energy (DSCE), Dubai Electricity and Water Authority (DEWA), and the World Green Economy Organisation (WGEO) are organising the 9th WGES on 28-29 November 2023 at Madinat Jumeirah Conference Centre in Dubai
During the meeting, the council discussed a number of government work topics in the Emirate of Sharjah including following up on the progress of work in government departments, and reviewing developments in work on infrastructure projects.