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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Azerbaijan, Iraq discuss prospects of relations

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          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

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            Deal signed to set-up first factory in Qatar to assemble electric vehicles

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            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

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            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Dubai set to get the world's tallest commercial tower

              Emirates 24|7

              July 2, 2013
              in Infrastructure, Real Estate
              0

              The Dubai Multi Commodities Centre (DMCC), the master developer of Jumeirah Lakes Towers,  said it will be building a new business park with the centerpiece being the world's tallest commercial tower.

              The DMCC Business Park, comprising 107,000 square meters of commercial and retail space, and the world's tallest commercial tower, are currently in the concept design phase.

              No details were given on the height, location or when work will commence on the tower.

              Taipei 101 in Taiwan is currently the tallest commercial tower in the world. It was completed in 2004 and is 508 meters high with 101 floors, according to Council of Tall Buildings and Urban Habitat (CTBUH).

              One World Trade Center in New York City, US, will become the tallest commercial tower in the world in 2014. It will be 541 meters high with 104 floors. Ping An Finance Center in Shenzhen, China, will take over the top slot in 2016. It will 660 meters high and will have 115 floors.

              Al Hamra Tower in Kuwait City, 413 meters high with 80 floors, is the tallest commercial tower in Middle East.
              Almas Tower in Dubai is placed second on the regional list. Completed in 2008, the 68 storey tower is 360 meter high. Placed third on the list is Emirates Tower One in Dubai. The 355-metre-high tower was completed in 2000 and has 54 floors, according to CTBUH.

              Dubai, however, is home of Burj Khalifa (828 meters), the world's tallest tower, Princess Tower (414 meters), the world's highest residential tower; JW Marriott Marquis (355 meters), the world's highest hotel and Cayan Tower (310 meter), the world's tallest tower with a 90-degree twist.

              Emporis data reveals Dubai has 1,881 tall buildings of which 856 exist, 627 planned, 355 under construction, 42 unbuilt and one demolished. Overall, there are 909 high-rises and 448 skyscrapers.

              Ahmed bin Sulayem, Executive Chairman of DMCC, said: "The world's tallest commercial tower and the DMCC Business Park are the next natural steps to ensure we continue to welcome companies to the free zone as demand grows – particularly large regional corporations and multi-nationals – in the near future. The initiative is designed to further strengthen Dubai's position as the global hub for commodities trade and enterprise."

              DMCC has not had any external debt for several years, according to Islam Zughayer, managing director and head, Berenson MENA, an investment banking firm with offices in New York, Dubai and Kuwait.

              "Prudent fiscal management and focused leadership have allowed DMCC to maintain a healthy balance sheet that can support a project of this magnitude," said Zughayer.

              In 2005, DMCC launched a ground breaking gold sukuk, raising $200 million to help finance the construction of its commercial towers.

              With 65 mixed-use commercial and residential towers and over 180 retail outlets in operation, there are currently over 65,000 people working and living within the JLT development.
              Emirates 24|7
              2 July

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