Browsing: Infrastructure

A Saudi property company and an EV firm supported by the Public Investment Fund (PIF) will incorporate electric vehicle charging infrastructure into developments across the Kingdom.

(RTA) has affirmed that Al Maktoum Bridge undergoes comprehensive yearly maintenance to ensure its sustainability in managing traffic.

Dubai’s Roads and Transport Authority (RTA) has revealed a substantial contract has been granted for the Enhancement of Umm Suqeim Street Project, following the guidance of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The Roads and Transport Authority (RTA) in Dubai has revealed its Digital Strategy 2023-2030, featuring 82 projects and initiatives with a total investment of AED 1.6B ($436M).

Dubai is set to embark on an ambitious AED 2.5B ($681M) collaborative effort between the public and private sectors, targeting various transformative transport projects.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, stated that Dubai has become a hub for sustainability and innovation due to the various events and exhibitions it hosts annually. These events attract leading minds and showcase innovations across diverse sectors, including construction, where fourth industrial revolution technologies like AI are employed to build resilient infrastructure crucial for sustainable development.

Dubai’s Roads and Transport Authority (RTA) has revealed the operational schedule for its services during the 52nd Union Day holiday, impacting various facilities such as customer happiness centres, paid parking zones, public transportation including buses, Dubai Metro and Tram, marine transport, and vehicle technical inspection centres.

Petrol and diesel costs witnessed a significant decline throughout the nation in November, following a hike in October. December 2023, E-Plus 91 was priced at AED 3.13 per litre in November 2022, whereas diesel was set at AED 4.01 per litre. Both are now considerably cheaper, at AED 2.85 per litre and AED 3.42 per litre, respectively. Special 95 and Super 98 are also more economical than in November of the previous year.

The Dubai Taxi Company has officially concluded the bookbuild and public subscription phase for its initial public offering (IPO) on the Dubai Financial Market (DFM). The final price for the IPO was set at AED 1.85, positioned at the upper limit of the previously disclosed Offer Price Range. This decision brings the total offering size to approximately AED 1.2B ($327M).

Abu Dhabi Airport’s Terminal A is set to entice more airlines to initiate flights to the UAE capital while strategically boosting operations to accommodate a projected increase in capacity to 65 million passengers within the next decade, up from the current 45 million. Elena Sorlini, Managing Director and Interim CEO of Abu Dhabi Airports, emphasized efforts to leverage government-to-government relations, particularly targeting Asia and China.