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Infrastructure and Property

Infrastructure and Property latest

Azizi Developments Signs MoU with Hyprlift to Advance Next-Generation Elevator Technologies Across Dubai Projects
March 9th, 2026 - 08:03 GMT

Azizi Developments Signs MoU with Hyprlift to Advance Next-Generation Elevator Technologies Across Dubai Projects

Azizi Developments, a leading private developer in the UAE, has signed a non-binding Memorandum of Understanding (MoU) with Hyprlift, Inc., a US-based innovator in advanced vertical transportation systems, to explore the potential application of ropeless elevator systems within selected Dubai developments. Under the MoU, the two parties will undertake technical studies, integration planning, and feasibility assessments to evaluate end-to-end requirements from design and installation through testing, commissioning, operations, and ongoing maintenance. Hyprlift, Inc. specializes in the development of self-propelled, modular, ropeless elevator systems that introduce an alternative approach to vertical ...
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Slated to be operational in 2020, the plant will create 2,000 jobs in the kingdom. (Shutterstock)
June 2nd, 2016 - 07:00 GMT

Saudi Arabia: Aramco partners with GE and Italy's Cividale for $400M manufacturing plant

The Dh2.1billion project comprises four lanes in both directions. (Shutterstock)
June 2nd, 2016 - 04:31 GMT

New Abu Dhabi-Dubai highway to open by end of 2016

Al Bawaba
May 31st, 2016 - 12:00 GMT

Proposed causeway would cut Saudi-Egypt travel time to 30 minutes

The LuLu group chairman announced that they have already invested SR1 billion in Saudi Arabia and intend to further invest SR800 million in the next two years. (YouTube)
May 30th, 2016 - 09:00 GMT

LuLu Group plans 12 more stores in Saudi Arabia by 2018

Investment in roads, infrastructure, water, sewage and desalination plants are being made thanks to Arab development fund grants. (Shutterstock)
May 30th, 2016 - 08:00 GMT

Egypt to establish $92M industrial zone in South Sinai

Shop rents have dropped from SR3,000 to SR500 per month. (File photo)
May 29th, 2016 - 09:00 GMT

Saudization of telecoms leads to 83 percent drop in shop rents

The development will include 2 square kilometres of residential units and create more than 200,000 jobs.  (Ventures on Site)
May 26th, 2016 - 05:00 GMT

Egypt: $3.6B Mountain View iCity to be built with Saudi partnership

Israel restricts the entry of goods into Gaza out of fears they will be used to build tunnels, but Gazans desperately need cement for reconstruction. (AFP/Said Khatib)
May 24th, 2016 - 07:16 GMT

Israel revokes ban on cement deliveries to Gaza

A total of $115 million has been allocated to complete the Jordan Gate project, of which 72 per cent is already finished. (Wikimedia Commons)
May 23rd, 2016 - 12:00 GMT

Construction on Amman's Jordan Gate towers to resume after eight-year halt

Last year, GE announced an investment of $100m in its research and manufacturing programmes in the kingdom. (Twitter)
May 23rd, 2016 - 11:45 GMT

Saudi Arabia: GE in $3B JV with SAIIC to support local manufacturing

Up to $200 billion is being spent on wider infrastructure required to host the World Cup. (Twitter)
May 23rd, 2016 - 09:28 GMT

Qatar World Cup stadium construction costs to hit $10B

Omagine are exploring a proposal involving Chinese investment in Omagine LLC and the Chinese contractor arranging finance for the Omagine Project. (Shutterstock)
May 23rd, 2016 - 08:00 GMT

Omagine courts Chinese contractors for Oman's $2.5B waterfront development

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