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Abu Dhabi Executive Council approves Corniche project

Posted on 27/10/2001

The Abu Dhabi Executive Council has approved the designs and preparations made to begin the second phase of the beautification project for the Corniche road. The project, which seeks to expand the Corniche road to ensure free flow of motor traffic, to provide more parking lots along the road in the City Centre and to modernise the recreational areas along the Corniche by setting up gardens and other attractive recreation structures, is being executed in line with the commitment by H.H. Sheikh ...  >>MORE

Ten year plan to improve road network in the UAE

Posted on 27/10/2001

The Ministry of Public Works and Housing has embarked on a 10-year plan to upgrade the road network in the country at a cost of Dh1 billion, according to Ali Hamad Al Shamsi, Under-Secretary of the ministry. He said that the plan, to be executed in three phases, would help end traffic congestion and reduce accidents, according to a report in Khaleej Times. Al Shamsi said the rapid growth of the country was not matched by its infrastructural development. During the last 15 years traffic has ...  >>MORE

EMAAR profits hit Dh169m in first half

Posted on 26/10/2001

EMAAR Properties has reported first-half net profits of Dh169 million, which it described as "upbeat" against the backdrop of uncertain economic conditions. Assets rose 9.6 per cent to Dh3.65 billion compared to the corresponding figure of Dh3.33 billion for end-2000. The company reported a net profit of Dh304 million for 2000. Capital valuation rose from Dh17.8 billion at end-2000 to Dh18.08 billion. "The group has made these positive results despite the economic situation regionally and ...  >>MORE

Paid parking system to be introduced in Abu Dhabi

Posted on 25/08/2001

The Abu Dhabi Municipality is planning to introduce paid parking system in the capital, according to an official source. The move is aimed at streamlining parking of vehicles particularly in down town Abu Dhabi where many old vehicles are abandoned for long time near residential buildings and markets, according to Mohammed Abdul Mohsen, Director of Public Relations. He said the initial phase of the project would cover the Old and New Souqs on Hamdan and Khalifa streets in the city centre. These ...  >>MORE

Ras Al Khaimah study to set up new city

Posted on 07/07/2001

Ras Al Khaimah Municipality and the Lands Department is contemplating setting up a new city in the emirate of accommodate the increase in population in the present one. Engineers of Lands Department are now making studies to select the new site. The location of the new city should form one geographical block with the present one for social and economic factors. The old RAK city is difficult to be expanded, a report issued by the Lands Department said. The area south of RAK Creek is a sand ...  >>MORE

EMAAR opens booking for third project

Posted on 24/06/2001

Property developer EMAAR has announced the opening of bookings for its third neighbourhood project comprising 55 villas at Emirates Hills. EMAAR said the neighbourhood projects, which will cost a Dhs1 billion in all when completed, have been re-branded as "The Lakes," in a bid to give "a fresh and exciting new visual identity." The two phases of the neighbourhood project has been a success with the first one with 60 villas completely occupied by 60 families and the advance booking for the ...  >>MORE

EMAAR to instil new life into 'old Dubai'

Posted on 19/06/2001

EMAAR Properties has announced a major heritage redevelopment programme that will transform the face of old Dubai through a restoration and new works programme to create a dynamic and vibrant heart to the city, an EMAAR press release said on Monday. Work will commence in the near future on the first phase of a project that will bring new life into "old Dubai" through the creation of a dynamic community where people can work, live and relax in a superbly designed, unique heritage ...  >>MORE

Hatta project to reflect old world charm

Posted on 16/06/2001

The planned multi-million-dollar Arabian-style resort in Hatta, a popular recreational destination for residents and tourists due to its proximity to desert and old world charm, will combine a state-of-the-art convention centre, a village plaza, a traditional souq, handicrafts centre and four food and beverage outlets. The Department of Tourism and Commerce Marketing (DTCM), which unveiled the plans about the resort development at the recently-concluded European Incentive and Business ...  >>MORE

DI to begin work on Dh700m project soon

Posted on 19/02/2001

Dubai Investments is set to begin work on the Green Community residential project. The work for the Dh700-million project is expected to commence soon and is expected to be complete in 30 months from now. The project will be marketed in association with Union Properties. Dubai Investment Park Development Company, a wholly-owned subsidiary of Dubai Investments, has completed the Phase-I of the project, and over 85 per cent of the project has been leased to investors. The Phase-I encompasses ...  >>MORE

Bduget approved for Abu Dhabi link road

Posted on 06/02/2001

The Executive Council (EC) of Abu Dhabi emirate has approved a budget to build two bridges and roads linking Mina Zayed with the Eastern Ring Road, the National Consultative Council (NCC) was told. The link road was recommended by the NCC in February last year to ease traffic on the main roads in the centre of the capital. The EC told the NCC yesterday that a budget has been approved for the project, but it gave no figures. In February last year, the NCC was informed that the proposal for ...  >>MORE

Dubai project financing may continue smoothly

Posted on 10/01/2001

Dubai will face no problems financing its projects in the next five years, with support coming from both the government and the private sector, according to the Dubai Chamber of Commerce and Industry. Dubai government departments are expected to spend about Dh5 billion annually in the next five years, said the first edition of "Business in Dubai", the chamber's re-launched magazine. Forecasts show that annual service-oriented department budgets will remain at around Dh5 billion for the next ...  >>MORE

New projects to beautify Sharjah

Posted on 06/01/2001

Sharjah Municipality is carrying out a number of development projects in Khor Fakkan and Dibba Al Hosn cities of Sharjah Emirate. Launched on the instructions of His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, these projects will the infrastructure for a comprehensive development of various areas of the emirate. One of the projects will lay the infrastructure for a comprehensive development of various areas of the emirate. One of the ...  >>MORE

Municipality revenues reach Dh40.2 million last year

Posted on 06/01/2001

Revenues of the Abu Dhabi Municipality and Town Planning Department from leasing of industrial lands and property, and public gardens and slaughterhouses, stood at Dh 40.2 million in 2000. Abdul Razaq Al Khaja, Head of the Municipality Property Section, said the Department was levying nominal fees on its services in order to help commercial activities flourish and citizens involve in the country's national development. '' Revenues of lease of industrial lands were Dh16.7 million in 2000, ...  >>MORE

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