Latest news with #BoardofExecutiveDirectors
Yemen Online
a day ago
- Business
- Yemen Online
World Bank Approves US$30 Million to Support Financial Inclusion and Education in Yemen
The World Bank's Board of Executive Directors approved US$30 million in new grants to Yemen to help strengthen digital financial infrastructure and sustain access to basic education for children in most disadvantaged areas. The financing supports two new operations that aim to improve access to critical services while bolstering institutional resilience. The first grant of US$20 million will finance the Yemen Financial Market Infrastructure and Inclusion Project, implemented by the United Nations Development Programme (UNDP). The second, a US$10 million grant, will support the Sustaining Education and Learning Project, implemented by the United Nations Children's Fund (UNICEF). More than a decade into the conflict, Yemen remains one of the most fragile and poorest countries in the world. The crisis has deeply disrupted the provision of public services, fragmented institutions, and contributed to the erosion of human capital. Today, more than 60 percent of households report inadequate food consumption, and access to quality education and formal financial services remains limited, particularly for women and rural populations. The World Bank's support to Yemen prioritizes the delivery of essential services while building the foundations for medium-term recovery. 'These new operations reflect our continued commitment to supporting the people of Yemen in meeting their most urgent needs,' said Dina Abu-Ghaida, World Bank Group Country Manager for Yemen. 'By investing in core -infrastructure that enable children to stay in school and families to access financial services, we aim to preserve human capital and support more inclusive, resilient service delivery.' The Yemen Financial Market Infrastructure and Inclusion Project will support the development of digital payments systems, including a Fast Payment System and a Real Time Gross Settlement System under the Central Bank in Aden. The project will promote interoperability among financial institutions, strengthen compliance with anti-money laundering regulations, and expand access points for digital financial services in underserved areas. It will also enable the digitization of cash transfers, government payments, and remittances, which are critical sources of income for vulnerable households. The Sustaining Education and Learning Project will help keep schools open and functioning in targeted vulnerable districts by financing the rehabilitation of school infrastructure, construction of classrooms and Water, Sanitation, and Hygiene (WASH) facilities, and provision of school grants, managed by communities, to cover essential operational needs. The project will also strengthen education data systems and support local capacity to plan and monitor service delivery. It builds on lessons learned from previous operations and places a strong focus on improving girls' access to education in rural areas. These new operations are part of the World Bank's broader strategy to help sustain essential services, protect human capital, and strengthen institutions amid ongoing fragility. By investing in education and digital financial systems, the Bank is working with partners to expand opportunities, promote inclusion, and help communities navigate the path toward recovery and stability.
Gulf Today
25-05-2025
- Business
- Gulf Today
Dubai completes 70% of Umm Suqeim Street improvement project
Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of Dubai's Roads and Transport Authority (RTA), announced the completion of 70% of Umm Suqeim Street Improvement Project, extending from the intersection with Al Khail Road to the intersection with Sheikh Mohammed Bin Zayed Road. The project is part of a master development plan for Umm Suqeim–Al Qudra corridor, which runs from Jumeirah Street to Emirates Road, spanning 16 km in total. It serves several residential and development areas with a population exceeding one million residents. Al Tayer made these remarks during a site tour to inspect progress on the project, which is being implemented in line with the leadership's directives to enhance road infrastructure, and support Dubai's ongoing urban expansion and population growth, ultimately aiming to improve traffic flow and mobility across the city. During the tour, Al Tayer was briefed on the completed phases of Umm Suqeim Street Improvement Project, which spans 4.6 km from the intersection with Al Khail Road to the intersection with Sheikh Mohammed Bin Zayed Road. The works include the development of Umm Suqeim–Al Barsha South intersection, near Kings' School, featuring the construction of an 800-metre tunnel with four lanes in each direction along Umm Suqeim Street, in addition to a signalised surface-level intersection. Al Tayer added: 'Umm Suqeim–Al Qudra Corridor Improvement Project is one of RTA's key strategic transverse (east-west) traffic corridors, designed to enhance integration with vertical (north-south) road corridors. The project complements RTA's efforts to improve connectivity between four major arterial roads in Dubai: Sheikh Zayed Road, Al Khail Road, Sheikh Mohammed Bin Zayed Road, and Emirates Road. It is designed to increase the corridor's capacity to 16,000 vehicles per hour in both directions, improve traffic flow, and reduce travel time between Sheikh Mohammed Bin Zayed Road and Al Khail Road by 61% from 9.7 minutes to just 3.8 minutes. The corridor serves several major residential and development zones, including Al Barsha South 1, 2, and 3, Dubai Hills, Arjan, and Dubai Science Park, with a total population exceeding one million residents.' Smart Technology Al Tayer was also briefed on the deployment of smart technologies for monitoring road projects across the emirate. Drones are being utilised to capture and analyse project progress data, with artificial intelligence employed to track construction milestones and performance indicators. This integrated approach has enhanced operational efficiency on-site, accelerated decision-making processes, and enabled the provision of real-time, high-precision data. The adoption of these technologies has also resulted in 100% increase in field presence and 60% reduction in the time required for site surveys. In parallel, time-lapse imaging systems are being used to continuously monitor construction activities, contributing to 40% improvement in overall project monitoring efficiency. Completed Projects In 2013, RTA completed Phase I of Umm Suqeim Street Improvement Project, which covered the section between Sheikh Zayed Road and Al Khail Road. The works included the construction of two bridges, each featuring three lanes in both directions, the first crossing the eastern street parallel to Al Asayel Street, and the second crossing the western street parallel to First Al Khail Street. The project also included two signalised intersections at Umm Suqeim Street's junctions with Al Asayel Street and First Al Khail Street, along with three pedestrian bridges to facilitate safe crossing between Al Quoz and Al Barsha. In 2020, as part of the bridges and roads development project for Dubai Hills Mall, RTA opened a main bridge along Umm Suqeim Street at the intersection with the entrance to Dubai Hills and Al Barsha South. The 500-metre bridge has four lanes in each direction and a capacity of 16,000 vehicles per hour in both directions.
Dubai Eye
25-05-2025
- Business
- Dubai Eye
Dubai achieves 70% progress on road project linking major corridors
Dubai's Roads and Transport Authority (RTA) has announced the completion of 70 per cent of the Umm Suqeim Street Improvement Project, which extends from the intersection with Al Khail Road to the junction with Sheikh Mohammed Bin Zayed Road. The development is part of a broader master plan for the Umm Suqeim–Al Qudra corridor, a 16 km stretch connecting Jumeirah Street to Emirates Road. This corridor serves several key residential and development zones with a combined population of over one million. The update was shared by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors at the RTA, during a site inspection to review progress and ensure alignment with Dubai's infrastructure strategy. The initiative supports Dubai's urban expansion goals by easing traffic congestion and enhancing road mobility. The current phase of the project spans 4.6 km, with major works including a revamped Umm Suqeim–Al Barsha South intersection near Kings' School, construction of an 800-metre tunnel with four lanes in each direction, and a signalised surface-level intersection to improve traffic flow. When complete, the corridor will connect four major arterial roads - Sheikh Zayed Road, Al Khail Road, Sheikh Mohammed Bin Zayed Road and Emirates Road - and accommodate up to 16,000 vehicles per hour in both directions. Travel time between Al Khail Road and Sheikh Mohammed Bin Zayed Road is expected to be reduced by 61 per cent, from 9.7 minutes to 3.8 minutes. Integration with Smart Technology The RTA is also deploying smart technologies to enhance project delivery. Drones are used to capture and analyse construction progress, while artificial intelligence tracks milestones and performance indicators, and time-lapse imaging systems provide continuous visual monitoring. These tools have led to a 100 per cent increase in on-site visibility, a 60 per cent reduction in survey time, and a 40 per cent improvement in overall monitoring efficiency. Completed Milestones Phase I (2013): Covered the section between Sheikh Zayed Road and Al Khail Road, featuring two major bridges and three pedestrian crossings between Al Quoz and Al Barsha. 2020: A 500-metre bridge was opened at the Dubai Hills–Al Barsha South intersection, offering four lanes in each direction and serving 16,000 vehicles per hour. The Umm Suqeim–Al Qudra Corridor is one of the RTA's key east-west traffic arteries, designed to seamlessly integrate with Dubai's north-south road network and support future growth.
TAG 91.1
25-05-2025
- Business
- TAG 91.1
Dubai achieves 70% progress on road project linking major corridors
Dubai's Roads and Transport Authority (RTA) has announced the completion of 70 per cent of the Umm Suqeim Street Improvement Project, which extends from the intersection with Al Khail Road to the junction with Sheikh Mohammed Bin Zayed Road. The development is part of a broader master plan for the Umm Suqeim–Al Qudra corridor, a 16 km stretch connecting Jumeirah Street to Emirates Road. This corridor serves several key residential and development zones with a combined population of over one million. The update was shared by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors at the RTA, during a site inspection to review progress and ensure alignment with Dubai's infrastructure strategy. The initiative supports Dubai's urban expansion goals by easing traffic congestion and enhancing road mobility. The current phase of the project spans 4.6 km, with major works including a revamped Umm Suqeim–Al Barsha South intersection near Kings' School, construction of an 800-metre tunnel with four lanes in each direction, and a signalised surface-level intersection to improve traffic flow. When complete, the corridor will connect four major arterial roads - Sheikh Zayed Road, Al Khail Road, Sheikh Mohammed Bin Zayed Road and Emirates Road - and accommodate up to 16,000 vehicles per hour in both directions. Travel time between Al Khail Road and Sheikh Mohammed Bin Zayed Road is expected to be reduced by 61 per cent, from 9.7 minutes to 3.8 minutes. Integration with Smart Technology The RTA is also deploying smart technologies to enhance project delivery. Drones are used to capture and analyse construction progress, while artificial intelligence tracks milestones and performance indicators, and time-lapse imaging systems provide continuous visual monitoring. These tools have led to a 100 per cent increase in on-site visibility, a 60 per cent reduction in survey time, and a 40 per cent improvement in overall monitoring efficiency. Completed Milestones Phase I (2013): Covered the section between Sheikh Zayed Road and Al Khail Road, featuring two major bridges and three pedestrian crossings between Al Quoz and Al Barsha. 2020: A 500-metre bridge was opened at the Dubai Hills–Al Barsha South intersection, offering four lanes in each direction and serving 16,000 vehicles per hour. The Umm Suqeim–Al Qudra Corridor is one of the RTA's key east-west traffic arteries, designed to seamlessly integrate with Dubai's north-south road network and support future growth.
ARN News Center
25-05-2025
- Business
- ARN News Center
Dubai achieves 70% progress on road project linking major corridors
Dubai's Roads and Transport Authority (RTA) has announced the completion of 70 per cent of the Umm Suqeim Street Improvement Project, which extends from the intersection with Al Khail Road to the junction with Sheikh Mohammed Bin Zayed Road. The development is part of a broader master plan for the Umm Suqeim–Al Qudra corridor, a 16 km stretch connecting Jumeirah Street to Emirates Road. This corridor serves several key residential and development zones with a combined population of over one million. The update was shared by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors at the RTA, during a site inspection to review progress and ensure alignment with Dubai's infrastructure strategy. The initiative supports Dubai's urban expansion goals by easing traffic congestion and enhancing road mobility. The current phase of the project spans 4.6 km, with major works including a revamped Umm Suqeim–Al Barsha South intersection near Kings' School, construction of an 800-metre tunnel with four lanes in each direction, and a signalised surface-level intersection to improve traffic flow. When complete, the corridor will connect four major arterial roads - Sheikh Zayed Road, Al Khail Road, Sheikh Mohammed Bin Zayed Road and Emirates Road - and accommodate up to 16,000 vehicles per hour in both directions. Travel time between Al Khail Road and Sheikh Mohammed Bin Zayed Road is expected to be reduced by 61 per cent, from 9.7 minutes to 3.8 minutes. Integration with Smart Technology The RTA is also deploying smart technologies to enhance project delivery. Drones are used to capture and analyse construction progress, while artificial intelligence tracks milestones and performance indicators, and time-lapse imaging systems provide continuous visual monitoring. These tools have led to a 100 per cent increase in on-site visibility, a 60 per cent reduction in survey time, and a 40 per cent improvement in overall monitoring efficiency. Completed Milestones Phase I (2013): Covered the section between Sheikh Zayed Road and Al Khail Road, featuring two major bridges and three pedestrian crossings between Al Quoz and Al Barsha. 2020: A 500-metre bridge was opened at the Dubai Hills–Al Barsha South intersection, offering four lanes in each direction and serving 16,000 vehicles per hour. The Umm Suqeim–Al Qudra Corridor is one of the RTA's key east-west traffic arteries, designed to seamlessly integrate with Dubai's north-south road network and support future growth.
