Show only titles
ArabianBusiness.com category
The emergence of Asian construction contractors in the Middle East
In recent years, the Middle East has proved to be one of the most attractive construction and engineering markets in the world for international contractors. This is demonstrated in microcosm in the United Arab Emirates. In Dubai, for example, Japanese contractors have been heavily involved in constructing the Dubai Metro and the joint venture involved in the construction of the recently opened Burj Khalifa (previously known as the Burj Dubai) was led by South Korea’s Samsung.
10m commuters use Dubai Metro in 5 months – RTA
Dubai Metro has served 9,872,545 passengers since it was launched last September, according to latest statistics compiled by Rail Agency of the Roads and Transport Authority (RTA). Ramadan Abdullah, director of Rail Operation Department at RTA Rail Agency said in a statement that the Mall of the Emirates Station was still the most attractive to both commuters and tourists, recording 1,578,447 passengers; accounting for 16 percent of total passenger count.
Work resumes on Dubai Metro after settlement reached
Work has resumed on the Dubai Metro after a settlement was reached with a Japanese-led consortium over unpaid bills that total billions of dollars, the Financial Times reported, citing two sources familiar with the situation.
Dubai still most popular despite 2009 property woes
More than 43 percent of respondents to the FutureBrand Gulf Real Estate Study, released on Tuesday, said Dubai was their number one choice in the region despite house prices slumping by up to 50 percent in some parts of the city during 2009. He said mega projects like the Burj Khalifa and Dubai Metro becoming a reality added to the city’s appeal to would-be home buyers.
Dubai plans $2.86bn transport spending spree
Dubai could spend about $3bn in transport infrastructure projects in 2010 as it looks to stimulate the economy and has no issue paying its contractors, the chairman of the transport department said.
Over 80% of Dubai Metro retail units leased
The last batch of retail outlets on the Dubai Metro are being offered for lease, the Roads and Transport Authority (RTA) said on Thursday.
More people using Dubai Metro each month
The number of people using Dubai Metro each week is rising, the latest figures from the Roads and Transport Authority’s (RTA) Rail Agency show.
Metro Green Line to open in H2 2010 – Al Tayer
Operations on Dubai Metro’s Green Line will begin in the second half of 2010
