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Saudi Arabia has been diversifying its economy, embracing digital transformation, and creating reforms aligned with its Vision 2030. These changes are spurring the growth of the construction industry. The government’s investment in infrastructure and housing development has generated more construction projects, causing construction firms to invest more in technology to meet the demands and complete efficient projects. The Kingdom of Saudi Arabia has completed some impressive projects. This list includes Neom, the Red Sea Project, King Abdullah Petroleum Studies and Research Center (KAPSARC) and Jeddah Tower. To ensure the success of these projects, technologies such as building information modeling (BIM),…
According to the flash estimate for the growth rate of the real GDP report released recently by the General Authority for Statistics (GASTAT), the real Gross Domestic Product (GDP) of the Kingdom of Saudi Arabia increased by 6.8% in Q4 of 2021. A significant portion of this increase can be attributed to oil activities increasing by 10.8%. Non-oil activities increased by 5.0%, and government services increased by 2.4%. Seasonally adjusted real GDP increased by 1.6% in Q4 of 2021 compared to Q3 of 2021. An increase in GDP resulted from a 1.8% growth in oil activities, a 1.5% increase in…
Batelco reaches top 10 globally in Global Mobile Speed Rankings
Aldar Properties announced its preliminary financial results for the full year of 2021, reporting revenues of AED8.58 billion, up 2 percent year-on-year, a gross profit of AED3.60 billion, up 21 percent year-on-year, and a net profit of AED2.33 billion, up 21 percent year-on-year, highlighting the resilience of Aldar’s diversified business model. Aldar also reported earnings per share of AED0.295, up 20 percent year-on-year, demonstrating sustainable growth of shareholder value. Aldar’s robust financial results were driven by the strong performance of the Aldar Development business and growth in Aldar Investment’s recurring income portfolio. Aldar Development also reported its highest-ever revenue backlog…
The new special edition of the compact Sports Activity Coupé dials up the dynamic aura, adds visually striking exterior touches and creates an interior ambience distilled to maximize driving pleasure. The BMW X2 xDrive25e plug-in hybrid, super-sporting BMW X2 M35i and all other engine variants will be available in this special-edition form from March 2022. The highly distinctive design of the BMW X2 projects a sense of athleticism that accurately reflects the car’s sporty driving properties. It also ensures the X2 cuts a visually alluring figure and stands out from the crowd in the premium compact segment. The Sports Activity…
Porsche is launching a new Platinum Edition of selected Cayenne models. This special-edition of the SUV is characterized by exclusive coordinated design elements in a satin Platinum paint finish as well as by extra standard equipment. The result is a particularly stylish appearance coupled with an attractive price. Platinum Editions of the Cayenne, Cayenne E-Hybrid and Cayenne S are available, as well as the corresponding Coupé variants. The refined and exclusive appearance of the Cayenne Platinum Edition is characterized by numerous model-specific details in satin-finish Platinum. The inlays in the slats of the air intakes at the front, the Porsche…
Driving across the United States is a bucket list item for most Americans and many people have fond memories of doing just that in a Porsche. Today the nationwide Electrify America CCS DC fast charging network is ready to handle the charging needs for Taycan drivers to make new road trip memories of their own. To that end, Wayne Gerdes, already a multi-Guinness World Records™ title holder for efficiency and range in other vehicles, set out to make a unique memory for himself: break the Guinness World Records™ title for the shortest charging time to cross the United States in…
Southern California interior designer and popular lifestyle influencer Becki Owens has launched her home furnishings line, Becki Owens Living beckiowensliving.com. Owens created this custom collection of over 1000 pieces across 40 categories – from furniture to lighting to home décor – to curate her signature style for her followers and fans in one easily shoppable brand. Owens’ stardom in the design space began after she remodeled a friend’s San Clemente beach house in 2015 – and got picked up by Good Housekeeping. Today, Owens has 1.4 million Instagram followers, multiple signature collections with major brands, and an upcoming design show…
Emirates has signed a Memorandum of Understanding (MoU) with the Ministry of Foreign Affairs and Public Service of The Bahamas to explore joint initiatives to promote tourism to the island nation. The Memorandum of Understanding was signed by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chief Executive of Emirates Airline and Group, and The Hon Frederick A Mitchell MP, Minister of Foreign Affairs and Public Service, The Bahamas at the Emirates Group Headquarters. H.H. Sheikh Ahmed bin Saeed Al Maktoum said, “Across the world, Emirates plays a key role in boosting tourism to various destinations by providing travelers with reliable, convenient…
Arada, a Sharjah-based development company, has purchased the last remaining beachfront land plot on the Crescent of the world-famous, award-winning Palm Jumeirah, marking the fast-growing developer’s first project outside Sharjah and its entry into the Dubai property market.Valued at AED240 million, the plot has been bought from Nakheel, the master developer behind Palm Jumeirah. Located on The Palm’s East Crescent, the 20,500 square metre plot is located with views of the Burj Khalifa and Burj Al Arab to the east and the rest of the Palm and Dubai Marina to the south and west. The site is also close to…