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DW ups commitment with asset sales plan
Assets to be transferred are Nakheel Harbour & Tower land, land at its Waterfront development which forms the security for the 2011 sukuk (an Islamic bond), Dubai World’s 50 per cent stake in its Al Mamzar joint venture, Dubai World’s 99 per cent
Mövenpick to open four Dubai hotels in six months
AS THE global hospitality industry continues to ponder the pace of business, Mövenpick Hotels & Resorts, in partnership with real estate developer, Seven Tides, prepares for the opening of more than 1,000 rooms over four properties in Dubai, UAE.
Revenues for hotel spas in Dubai rise by 45.5%
Revenues for hotel spas in Dubai increased by 45.5% in Q1 2010 compared to the same period in 2009. The figures have been tracked by the Ernst & Young Spa Benchmark Survey, which compiles monthly performance reviews of five-star hotel spas in the emirate.
Profile: Dubai World Central
Dubai marked its transition into a two-airport city last month, with the much-awaited launch of cargo operations at Al Maktoum International. A diverse range of cargo carriers have registered to operate in the airport – which is part of the multi-billion dollar Dubai World Central development – including Aban Air, ACI, Aerospace Consortium, Aviation Service Management, Coyne Airways, EuroAsian Services, Rus Aviation, Sonic Jet, SunGlobal, Skyline and United Aviation Services.
Dubai right to back aviation
Another key project that needs financing is Aviation City, which is earmarked as the next part of Dubai World Central to be developed now that the first phase of Al-Maktoum International airport is open. DCA should be able to secure funding for the planned work at Terminal 2 and the $1.3bn Concourse 3. But with the price tag for the rest of Dubai World Central currently at about $30bn, Dubai will find it a lot harder to finance this in one go.
Smartworld uses APC to power new datacentres
Service provider Smartworld has completed the installation of two Tier-3 rated datacentres in Dubai World Central with the help of power and cooling specialist APC by Schneider Electric. Smartworld is involved with a number of major upcoming technology projects in Dubai and specialises in the aviation sector, with a business unit devoted to airport systems.
Hellman Calipar Healthcare Logistics launches first pharmaceutical and healthcare logistics operations at Dubai World Central
Marking another successful step in the ongoing development of Dubai World Central (DWC) as the premier regional hub for international logistics service providers, Hellman Calipar Healthcare Logistics today announced the launch of its unique healthcare logistics facility based at DWC.
Al Maktoum Airport passes final test – Sheikh Ahmed
The first flight to land at the new Al Maktoum Airport is a big step in Dubai’s aim to become the world’s “pre-eminent aviation centre”, a top official said on Monday.
