Search Site

Trends banner

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Aramco acquires stake in BHIG

The 50% equity interest in BHIG is Aramco-APQ joint venture.

ADNOC L&S okays $273m dividend

The final dividend of $136.5m will be paid on April 3.

Dubai Maritime City launches $38 million infrastructure project

The new infrastructure will integrate DMC with the Mina Rashid. Pic Dubai Media Office
  • The infrastructure project includes developing networks for deep sewage, stormwater, fire, irrigation, potable water, telecommunication, and roads.
  • The new infrastructure will integrate DMC with the Mina Rashid area that includes the QE2 Hotel, P&O Marinas and Marina Cubes.

DP World’s purpose-built maritime hub, Dubai Maritime City (DMC), has launched an infrastructure project at a cost of AED140 million ($38 million).

An official statement said the project is part of “ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector”.

The infrastructure project includes developing networks for deep sewage, stormwater, fire, irrigation, potable water, telecommunication, and roads.

The sewage and stormwater networks are each serviced by a lift station. The sewage lift station comprises of underground reinforced concrete wet well of 360m3 capacity with an above ground control room. The wet well is equipped with pumps with a capacity of 300 liters/second.

The network consists of 6km sewerage pipelines, 150 manholes and house connection chambers. The stormwater lift station services an 8km drainage network with 70 manholes and 300 gully chambers.

The new DMC infrastructure will integrate DMC with the Mina Rashid area that includes the QE2 Hotel, P&O Marinas and Marina Cubes.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer DP World said: “The principles of innovation, constant development, and excellence are key pillars of Dubai Maritime City, which features a diverse range of industrial and commercial facilities. The timely launch of the infrastructure project is part of our commitment to enhance the growth of the UAE’s maritime sector. The new upgrades will certainly bring about a radical change.”