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REAL ESTATE-
#1- UAE-based Arabian Hills Real Estate Development awarded the infrastructure works contract for its AED 22 bn flagship residential project along the Dubai-Al Ain Road, Trade Arabia reports. The company inaugurated the gated community, which is set to comprise 14 phases, on Monday. The project is born out of a partnership with Ara Real Estate Development, who is tasked with managing and supervising all development activities.
#2- Dubai Asset Management partners with Emirates NBD to enable flexible payments: Dubai Asset Management (DAM), a residential leasing vertical of Dubai Holding Asset Management, partnered with Emirates NBD to facilitate flexible payment installment plans for rentals of their Dubai communities, according to a press release. The agreement will allow residents the flexibility to divide their rental payments across three, six, or 12 months with zero interest installment plans, with a credit limit ranging from AED 1k up to AED 150k.
TRANSPORT-
Bayanat and Imkan sign MoU to develop smart mobility infrastructure: Imkan properties signed an MoU with Bayanat to launch a smart mobility infrastructure project on SHA Island Emirates at AlJurf, Wam reports. The facility will be located between Abu Dhabi and Dubai, and will feature AI-enabled transportation and the SHA Wellness Clinic.
Who will do what: Imkan properties will develop the project’s physical structure, while Bayanat will provide the digital infrastructure responsible for the integration of autonomous driving, HD maps, and smart mobility solutions.
AVIATION-
Etihad Airways, EgyptAir add to codeshare agreement: Abu Dhabi carrier Etihad Airways and Egypt’s national airline EgyptAir inked an MoU to ramp up commercial and operational ties, Wam reports. The agreement will see the two carriers deepen their existing codeshare agreement to offer one-stop access for EgyptAir travelers to more destinations in Etihad’s network, including Asia and Australia, and cooperate in frequent flyer programs and joint marketing campaigns.
INFRASTRUCTURE-
Kleindienst to establish maritime facility in Ras Al Khaimah: Dubai-based property developer Kleindienst Group inked an MoU with maritime hub operator Rak Ports to set up a maritime facility in Ras Al Khaimah, according to a press release. The shipyard will comprise four sections, including a 144 m giga-yacht section, making Ras Al Khaimah the first in the GCC capable of constructing giga-yachts. Other sections will include a coral garden focusing on underwater living experiences, and tug and ferry sections for vessel construction. Kleindienst also plans to establish a maritime academy at the shipyard.
HEALTHCARE-
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed approved the launch of the Emirati Reference Genome Platform at a meeting of the Emirates Genome Council yesterday, Wam reports. The platform provides clinicians and researchers access to data from the Emirati Reference Genome Study, in a bid to ramp up their ability to identify genetic risk factors and develop personalized treatments. The crown prince also greenlit a framework to advance personalized and preventive medicine across the UAE.
