BEIJING — This year will see the 10th anniversary of the China-proposed Belt and Road Initiative (BRI) and the 10th anniversary of the launch of the China–Pakistan Economic Corridor (CPEC). As one of the key enterprises participating in the construction of the CPEC, POWERCHINA has been active in various fields such as energy, electricity, water management, and infrastructure investment in Pakistan since it entered the Pakistani market as early as 1987. Over the past 36 years, POWERCHINA has completed the 103 projects in Pakistan, including the first roller-compacted concrete (RCC)…
Tag: development
Saudi Arabia makes a $5 Billion deposit at the Central Bank of Turkey through the Saudi Fund for Development
Turkey, İstanbul — In implementation of the directives from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, KSA Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors, H.E. Mr. Ahmed Aqeel Al-Khateeb, signed an agreement with the Governor of the Central Bank of the Republic of Turkey, Şahap Kavcıoğlu, to make a significant $5 billion deposit into the Central Bank of Turkey. This deposit is…
Taleem Training Skills and Development Centre Celebrates Nine Years of Empowering Children
First of its kind for training children with learning difficulties The center has diagnosed more than 7,500 cases from the UAE and the region A scientific methodology is adopted to diagnose the symptoms and develop an ideal individual academic behavioral one-on-one intervention program for each case [Abu Dhabi – United Arab Emirates, 17 February 2023] – Taleem Training Skills and Development Centre, which meets the needs of students with learning challenges in Abu Dhabi, celebrated nine years of success as the first of its kind. During the journey, it was…
Atkins secures Delivery Partner role for THE LINE, NEOM’s flagship urban development in Saudi Arabia
Riyadh, Saudi Arabia — Atkins, a member of the SNC-Lavalin Group, has been appointed as a Delivery Partner organization for THE LINE at NEOM in the Kingdom of Saudi Arabia. A civilizational revolution that will have no roads, cars or carbon emissions, THE LINE is set to provide an unprecedented urban living experience. A linear development, THE LINE, once completed, will be 170 kilometers long and only 200 meters wide cognitive city run on 100% clean energy. It will eventually accommodate nine million residents and will be built on a…
Abu Dhabi Fund for Development and IFC sign a Cooperation Framework to finance sustainable private sector projects
Abu Dhabi, United Arab Emirates — Abu Dhabi Fund for Development (ADFD) and the International Finance Corporation (IFC), a member of the World Bank Group, signed a Memorandum of Cooperation during the World Government Summit to support investments in emerging markets related to the clean energy transition, climate mitigation and adaptation, the adoption of clean technologies, and food security amongst others. The cooperation framework aims to strengthen the strategic collaboration between the two organizations in several key areas, including through co-investing of up to AED5.5 billion (US$1.5 billion) to private…
Saudi Fund for Development expands operations in the Caribbean countries with agreement to fund expansion project of University of the West Indies at Five Islands in Antigua and Barbuda
Saint John’s, Antigua and Barbuda — The Saudi Fund for Development (SFD) CEO, Mr. Sultan Al-Marshad, and Honorable Gaston Browne, Prime Minister of Antigua and Barbuda, signed an $80 million financing agreement for the expansion project of the University of the West Indies at Five Islands (UWI) in Antigua and Barbuda. The agreement represents a significant milestone, with Antigua and Barbuda being the 85th state to receive funding for a major development project from SFD. To help reach the Sustainable Development Goals (SDG) in the Caribbean, the agreement will promote…
The Luxe Developers to Launch an Ultra-Luxury Residential Development in Ras Al Khaimah
DUBAI, United Arab Emirates — Under the patronage of His Highness Sheikh Sultan bin Jamal bin Saqr Al Qasimi and His Highness Sheikh Ali bin Jamal bin Saqr Al Qasimi, The Luxe Developers, a bold new entrant in the luxury property sector in the U.A.E., held a private but lavish pre-launch ceremony of their flagship residential project in Ras Al Khaimah. The CEO of Al Marjan, Mr. Abdulla Al Abdouli also graced the event with his presence. Hosted by Shubam Aggarwal and Siddharta Banerji, co-owners of The Luxe Developers, attendees at the event got a…
Interview with Mr. Raymund Scheffler, Novel Foods – Chief Development Officer.
Q1- “Sugar is the new tobacco” is a slogan that was featured on sugar sachets. Do you think it’s fair to compare sugar with tobacco in terms of its negative impact on one’s wellbeing? The excessive added sugar intake can be compared to the consumption of tobacco to be more precise. Consuming added sugar with great amounts can impose several risk factors such as obesity which can lead to diabetes, heart diseases, liver and kidney damage and some cancers as well. An important study discovered a great link between excessive…
Active GCC Hotel Development Pipeline Now Equal to 40 Percent of Existing Room Supply, Compared with 11 Percent Globally
Dubai, United Arab Emirates According to new research commissioned by Arabian Travel Market (ATM), and conducted at the end of September 2022 by hotel market intelligence and global benchmarking company STR, the GCC region now has over 170,000 hotel rooms under active development (planning, final planning & under construction). This is equivalent to 40% of the GCC’s existing hotel room inventory, a figure almost four times greater than the rest of the world which currently lags behind at an average of 11% under active development compared with existing supply. Danielle Curtis,…
More than 60 LOCAL, REGIONAL AND INTERNATIONAL EXPERTS TO DISCUSS CHILD DEVELOPMENT AND PARENTING CHALLENGES AT PARENTHOOD: THE UNCONFERENCE
Abu Dhabi, United Arab Emirates — As the countdown to the first Parenthood: The Unconference continues, parents across the UAE are looking forward to a unique experience to learn from over 60 local, regional, and international parenting experts between 2-4 November at Etihad Arena in Abu Dhabi. Organized by Abu Dhabi Department of Education and Knowledge (ADEK), Parenthood: The Unconference, promises to inspire, inform, and even challenge the way we think about parenting. The powerful line-up of local, regional and international experts includes award-winning developmental psychologists, behavioural specialists, best-selling authors,…