UAE awards over 500 new projects in 2013

REIDIN – Daily Dubai – Jan 28, 2014

The UAE projects market grew for the second year in a row in 2013 with the companies awarding more than 500 new projects during the period, according to regional project tracker Meed Projects.

The Emirati projects market, which exceeded all expectations in 2013 clocking $34 billion worth of contracts, was on track to hit the $40 billion-mark over the next two or three years, said Meed Projects in its report released on the eve of ‘The Destination Dubai Conference’ in Dubai.

The conference, being organised by Meed Events on January 28 and 29 at the JW Marriott Marquis, Dubai, will showcase the myriad of opportunities that are arising from Dubai winning the mandate to host the Dubai Expo 2020.

Meed pointed out that Dubai’s construction and infrastructure projects were the major drivers of UAE projects’ expansion between 2005 and 2008, with at least $20 billion worth of contracts being awarded in each of those years.

“This period was followed by a three-year slump in which the value of contracts struggled above $7 billion. Both 2012 and 2013 hit the $11 billion mark and the indications are that Dubai will average $20 billion a year for the next three years,” the report added.

Furthermore, Meed Projects recorded more than 500 new projects in 2013, the biggest number of new projects created in any year since 2008.

This resurgence of positive sentiment returned to the UAE economy during 2013, culminating in the award of Expo 2020 to Dubai in November, it added.

“This is already translating into more announcements, more conceptual schemes and more awards,” said Julian Herbert, the director of Meed Projects.

“The two months since the Expo announcement have seen media discussion of projects like the double-decker highway on the Sheikh Zayed Road and an 11 km boardwalk around the outside edge of Palm Jumeirah, unheard of since the recession. The World Islands project is also coming back to life,” stated Herbert.

“Confidence is returning particularly in the luxury residential, leisure, retail and hospitality sectors,” he added.

Herbert pointed out that such was the level of returning confidence that Meed Projects upgraded its expectation for 2014 contract awards for the UAE from $35 billion to $40 billion.

Colin Foreman, the editor of Meed, and Edmund O’Sullivan, the chairman of Meed Events, will be speaking at the two-day event while company representatives will be available to share info about the platform and how it can help businesses.


AI wins funding for Jumeirah project

REIDIN – Daily Dubai – Jan 28, 2014

Dubai-based Skai Holdings said it has secured a Dh737.6 million ($201 million) funding from Industrial and Commercial Bank of China (ICBC) for its upcoming Viceroy Dubai Palm Jumeirah project.

The Dh3.75 billion luxury residential and hospitality project will offer its guests 479 spacious rooms and suites and 222 signature Viceroy Residences with breathtaking views of the Arabian Sea.

The main structural works of the Viceroy Dubai Palm Jumeirah project are currently underway and ahead of schedule. It is slated for completion in 2016.

The financing agreement, which further reaffirms Skai Holdings’ commitment to the UAE’s hospitality sector, was arranged by the top Chinese bank, marking its first project financing deal for a hospitality project in the Middle East.

“It is a pleasure to announce such an important step for the real estate sector and that total construction funds for a project of this calibre have been fully secured at such an early stage of development,” said Khalid Obaid Al Mutaiwei, the senior director of the Real Estate Development Trust Account Department at Rera.

“This is a practice which is encouraged and supported by Rera and is a clear mark of Dubai’s real estate sector reaching maturity and a reassuring sign to off-plan investors and buyers in the emirate. We would also like to thank the developer for its exerted efforts to comply fully with real estate regulations,” he added.

Zhou Xiaodong, the CEO of ICBC Middle East, said: “This is the first time ICBC is able to fully participate and facilitate the financing of a hospitality and residential development project in the region. We believe this opportunity is an ideal step for ICBC to enter into Dubai’s growing Real Estate Industry.”

Viceroy Dubai Palm Jumeirah will feature services and amenities created especially for the diverse group of business and leisure guests expected to frequent the hotel and residences. A beach club and a 100 metre-long pool will also be complemented by children’s clubs, entertainment and sporting activities.


Andalucía, Turismo y negocios

Hoy 22 de Enero de 2014 abre sus puertas FITUR. El turismo como actividad que genera el 12% del PIB en España y con un pasado año record de visitantes, más de 60 millones, con unos ingresos de 57.000 millones de euros, hacen que esta actividad sea el centro de atracción de inversores internacionales.

España y muy en particular Andalucía tiene una experiencia que deben aprovechar y poner en valor en nuestras relaciones  con otros países emergentes en Turismo. En América ya hay una actividad consolidada pero África sigue siendo la asignatura pendiente. África recibe 50 millones de turistas al año, África necesita crecer y desarrollarse para mejorar el nivel de vida de sus habitantes y el turismo es la puerta al progreso al desarrollo.


Russia Real Estate.

Dear Sirs,

– Is your company Developer or Real estate agency?

– Do you want to sell your real estate to Russian Clients?

– Do you need reliable partners in Russia?

Hundreds of Russian real estate agents are ready to cooperate with you!

Question: How you should find each other?

Simple solution: Take participation in the Moscow Overseas Property Workshop 2014.

Moscow Overseas Property Workshop – is  place where professionals of russian foreign real estate markets meet for start of cooperation.

Dates: 27-28 February 2014.

Format of the event: Mini exhibition and series of non stop presentations. You do not have to build expensive stands and listen to unrelated presentation – you pay only for those things that is vital for YOUR BUSINESS. You will have opportunity to represent your self and your company before your russian colleagues. You will have opportunity to strengthen your business ties in an informal atmosphere during the Gala Dinner at the end of the event.

Meet with Russian real estate agents and sign Dozens of partner contracts!

Organizers of MOPW – One of the biggest in Russia internet portals on the foreign real estate topic – and specialized media Global Promotion Group.

Venie of Moscow Overseas Property Workshop 2014 – business Hotel “Borodino”. Special terms for Participants!

1st Moscow Overseas Property Workshop was held in 2013 and was high praised by both Foreign and Russian participants.

Register now on the web page of the event and get 10% discount in case of payment before 15 January 2014.

Moscow Overseas Property Workshop nothing more just business.

Contact information:

+7 (495) 644 97 27




– Ваша компания – девелопер или агентство недвижимости?

– Вы хотите продавать недвижимость русским клиентам?

– Вам нужны надежные партнеры в России?

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Вопрос: Как вам найти друг друга?

Простое решение: принять участие в Moscow Overseas Property Workshop 2014.

Moscow Overseas Property Workshop – это место встречи российских и зарубежных профессионалов для установления деловых контактов и начала сотрудничества.

Даты проведения: 27-28 февраля 2014 г.

Формат мероприятия: мини-выставка и серия презентаций нон-стоп.  Не нужно строить дорогие стенды и слушать чужие доклады – вы платите только за то, что нужно вашему бизнесу. Вы сами выступаете перед коллегами из России. Новые знакомства можно закрепить в неформальной обстановке на дружеском ужине.

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Контактная информация



t:  +7 (495) 644 97 27




Date and Location October 17-18, 2014 – Kazan, Korston Hotels & Malls
Organizer Exhibition company “OPTIMA EXPO” established in 2007 on the basis of the Department of exhibitions, conferences and workshops of International Educational Centre “OPTIMA STUDY”, and being part of the Group of Companies “OPTIMA STUDY”.
International Medicine & Treatment AbroadConvention

A unique project that represents the medical services of the leading countries of the world, in B2B and B2C formats is held in Samara region.
The “Two days – two cities” format allows to hold rapid and high-performance business meetings in Samara and Togliatti – the largest cities of one of the most economically attractive regions of Russian Federation.
Main Topics of the Convention
  • Treatment Abroad
  • Medical Tourism
  • Health Tourism
  • Insurance, Legal and banking services
  • Luxury Medicine
  • Innovative technologies in medicine

For the foreign exhibitors The MEDICINE AND TREATMENT ABROAD CONVENTION provides an opportunity to directly access the Russian customers, clinics and health centers that are interested in cooperation, and promote their services in the rapidly growing market for medical services of Samara region.

For the Russian exhibitors the participation in this project allows to establish partner relations with foreign colleagues and to find stable business contacts.

Visitors of the Convention will get professional advice, learn about the services of medical centers and clinics, will choose the destination for medical and health tourism, and establish contacts with potential partners.

Business program Official opening of the Convention, B2B meetings, presentations held by the participants.


  • Businessmen, business owners
  • Representatives of medical institutions
  • Representatives of government institutions
  • Representatives of travel agencies specializing in medical & health tourism
  • Potential customers

The number of visitors, i.e. your potential customers, is going to be not less than 2000 persons.

Marketing Support of the Project / Advertising Campaign
  • Advertisements and articles in specialized titles and Internet resources
  • Billboards and cross street banners at the main transport routes
  • Direct mailing to the potential customers
  • TV and radio advertisement
  • Distribution of invitations for the partners of Convention in Samara and Togliatti


Terms of Participation Cost of participation pack (standard workstation, group transfers (airport-Kazan-airport), information in the catalogue, participation in the business program, service fee) — 1200 Euro.

“Attention! Special offer for early booking (registration and payment till July 31, 2014 – the details at 

Contacts Tel.: +7(846) 270 95 82, 270 94 50


La lista de países con más riesgo político para invertir

Casi la mitad (45%) de los principales mercados que ofrecen mayores posibilidades de crecimiento para las empresas en 2014 presentan un Riesgo Político “Extremo” o “Alto” para la inversión extranjera directa, lista que encabezan India, China e Indonesia. Así se desprende del Mapa de Riesgo Político Mundial elaborado por Marsh, la mayor consultora de riesgos y seguros a nivel mundial, en colaboración con Maplecroft.

Producido conjuntamente por la Práctica Global de Riesgos Políticos y de Crédito de Marsh y la empresa de análisis Maplecroft, el mapa, publicado anualmente, extrae el Atlas de Riesgos Políticos 2014 y pone de relieve los riesgos políticos dinámicos a través de 197 países, entre ellos los conflictos, el terrorismo, la estabilidad macroeconómica, el Estado de Derecho, y los entornos regulatorios y de negocios.

De los 17 países que han experimentado un mayor incremento en su nivel de riesgo político desde 2010 de un total de 197, nueve de ellos se encuentran en Oriente Medio y el Norte de África, región en la que han aumentado los índices dinámicos de riesgo político debido a la inestabilidad e incertidumbre creada tras el despertar de la Primavera Árabe.

De hecho, el mapa revela que desde 2010, más del 60% de los países de esta región han experimentado un aumento significativo en el nivel de violencia política, lo que ilustra las implicaciones para los negocios que los cambios de régimen forzados producen a largo plazo.

El análisis revela que el número de países con Riesgo Político “Extremo” o “Alto” crece, situándose en el 36% en 2014, un 12,5% más que en 2012. Mientras Somalia se mantiene como el lugar más conflictivo para la inversión extranjera, Siria fue el país con el aumento más significativo del riesgo, situándose en 2014 como el segundo con mayor riesgo político, seguido de Afganistán, Sudán y Congo. Además, a efectos del rating de violencia política, se califica por primera vez a Egipto como país de riesgo “extremo”, un deterioro impulsado por la violencia post – golpe de Estado y el aumento de la actividad terrorista en la península del Sinaí.

Además de los citados, la mayoría de los países que experimentaron un mayor aumento de la violencia política durante el año pasado se concentraron en África Oriental, de acuerdo con el mapa. “El aumento de la violencia política en África Oriental plantea retos importantes para los inversores extranjeros que se sienten atraídos por el descubrimiento de sustanciales reservas de petróleo y gas en la región”, asegura Santiago Herrero, Director de Riesgo Político de Marsh.

A pesar de estos riesgos, los inversores pueden encontrar oportunidades en los mercados en crecimiento, afirma Santiago Herrero: “El mapa muestra que el Riesgo político ha mejorado significativamente desde 2010 en seis mercados en crecimiento: India, Filipinas, Uganda, Ghana, Israel y Malasia. Esta mejora constante refleja en parte una caída en la violencia política en Filipinas, India y Uganda, y mejoras significativas en los niveles de gobierno en Malasia e Israel”, confirma el experto. “El entorno empresarial y macroeconómico positivo también ha contribuido a reducir el nivel general de riesgo en estas economías clave”, añade.

“Las empresas que apuestan por la Internacionalización a través de la inversión extranjera directa y los contratos internacionales continúan operando en un panorama político global altamente volátil que puede cambiar e intensificarse rápidamente con consecuencias negativas”, asegura el líder de Riesgo Político de Marsh España.

“Es imprescindible que las empresas se mantengan al tanto de las cuestiones clave que afectan a las regiones en las que operan y tengan planes para proteger sus intereses estratégicos de las amenazas que suponen para sus operaciones los cambios políticos imprevistos y la violencia política”, aconseja Herrero.


Tekfen consortium wins $975 million tender in Azerbaijan

REIDIN – Daily Dubai -Dec 20, 2013


ATA Consortium, which includes the Turkish construction company Tekfen; the international engineering and project management company AMEC; and Azfen, a joint venture of the Azerbaijani government and Tekfen,won a $975 million tender to build two offshore platforms in the Shah Deniz oil field in Azerbaijan, the Public Disclosure Platform (KAP) announced on Thursday.

The amount awarded to Tekfen Construction and its share in Azfen totals $496 million out of the $975 million.

According to an agreement signed between the consortium and BP Exploration, two platforms will be built as part of the second phase of the investments in the Shah Deniz oil field, and a connection bridge to connect the two will be made off-site and delivered to the field. Completion of construction is expected in 42 months.

Balfour Beatty, the international infrastructure group, announces today that it has been appointed preferred bidder for the £196 (C$350) million BC Children’s & BC Women’s Redevelopment Project by the Provincial Health Services Authority in British Columbia, Canada. Balfour Beatty will invest £9.2 (C$16.5) million into the project, which represents 70% of the equity required.

The PPP (P3) project scope covers the design, construction, financing and facilities management for a new children’s and women’s acute care centre in Vancouver. Construction is expected to commence in April 2014 and the new facility will be completed in June 2017.


Balfour Beatty Investments and Ledcor Developments will finance the project and construction services will be delivered through a 50:50 joint venture between Balfour Beatty Construction and Ledcor Design Build. In addition, Balfour Beatty Communities and Black & McDonald Limited will participate in a 50:50 joint venture to deliver facilities management services over the 30-year concession period.


Commenting today, Andrew McNaughton, Balfour Beatty CEO said, “This project represents a significant win for Balfour Beatty and a demonstration of our commitment to grow our business in key markets of which Canada is one area of focus. Utilising our investment, construction and facilities management capability in North America, this is a great opportunity for the Group as a whole. We look forward to working with the Provincial Health Services Authority to provide a new world class healthcare facility for the children, women and families of the province of British Columbia.”


España lidera de nuevo la caída del precio de la vivienda en el mundo.

jueves, 9 enero, 2014 – 08:30 publicado por efonseca@idealista


Pese a que el precio de la vivienda cierto es que el ladrillo nacional sigue liderando el desplome a nivel mundial. en españa ha reducido su ritmo de caída, lo según datos de global property guide, el valor de los pisos en españa cayó un 9,46% en el tercer trimestre de 2013 respecto al mismo periodo del año anterior. esta cifra es el mayor descenso dentro de los principales mercados inmobiliarios del mundo

España vuelve a colgarse el oro al protagonizar la bajada más acusada del precio de la vivienda a nivel mundial. en concreto, las casas del país se depreciaron un 9,46% entre julio y septiembre del año pasado en comparación con el mismo periodo de 2012

De acuerdo con las cifras que maneja global property guide, web especializada en el análisis de portales inmobiliarios en todo el mundo, españa es de nuevo el país donde el mercado de la vivienda mostró peor comportamiento. por delante de otros como grecia (-8,85%), rusia (-8,18%) o rumanía (-7,15%)

incluso países que también padecieron la hecatombe inmobiliaria muestran ya un cambio de tendencia significativo. éste es el ejemplo de irlanda, donde el precio de la vivienda repuntó un 3,45% en el tercer trimestre de 2013 en tasa interanual o el caso de eeuu donde, independientemente del índice que se mire, el valor de las casas está subiendo

En concreto, si se toma como referencia el índice de la agencia federal de administración de la vivienda (fha) el precio de las casas estadounidenses avanzó un 6,72% en dicho período, mientras que el de case-shiller arrojó un alza del 9,43%

Dubai a la cabeza de las subidas

el mercado residencial de dubai es la antítesis del español. aquí el precio de la vivienda escaló un 21,37% entre junio y septiembre del pasado ejercicio en tasa interanual. precisamente, el gobierno dubaití ha anunciado que estudia medidas para frenar la especulación inmobiliaria y evitar que se produzca de nuevo otra burbuja

A rasgos generales el sector de la vivienda a nivel mundial se mueve a muy distintas velocidades. si bien el precio de las casas subió en el tercer trimestre de 2013 en 28 de los 41 países analizados por global property guide, en muchos de ellos el valor de los inmuebles se mueve ya en niveles de 2006-2007

Por otro lado, 32 mercados residenciales registraron mejor comportamiento entre julio y septiembre del año pasado respecto al mismo periodo de 2012 y sólo nueve empeoraron


New Year kicks off construction of £260m Broadway centre

It’s been stalled since February 2008 because of the financial crisis, but now developer Westfield has confirmed that construction of a £260m shopping centre in Bradford will restart in January. The 12-acre building site in the centre of the city has been nicknamed the “Bradford hole” by local residents. Westfield expects the Broadway centre to be open by the winter of 2015.