Latest news with #ZawyaProjects
Zawya
a day ago
- Business
- Zawya
Dubai South Properties ready to launch tenders for South Square
Dubai South Properties is preparing to launch the tendering process for its upcoming South Square development, CEO Nabil Al Kindi told Zawya Projects. 'Like all our projects, we follow a structured and transparent process to ensure we bring in partners who can deliver to the highest standard,' he said. The project, located close to new Al Maktoum International Airport terminal, is scheduled for completion in the fourth quarter of 2028. 'On-time delivery is more than a goal — it's embedded in our operational DNA,' he said Al Kindi stated that minor price corrections are part of a healthy real estate market but emphasised that his outlook remains firmly optimistic. Interview excerpts What market factors have compelled you to launch South Square? Since its inception, Dubai South has been envisioned by our wise leadership as the city of the future — a hub offering long-term investment opportunities for both residents and businesses. Over the years, we have witnessed a consistent rise in demand for residential properties within Dubai South, which has steadily gained traction as a preferred destination. This is largely due to its world-class infrastructure, strategic accessibility, modern amenities, diverse offerings, and proximity to key transport hubs such as Al Maktoum International Airport. In 2024 alone, Dubai South recorded a 155 percent year-on-year growth in residential sales, with total sales exceeding 19 billion UAE dirhams - a testament to the area's growing appeal. In response to this surge in demand, we remain committed to launching meticulously planned developments that align with our government's broader vision of attracting one million residents to Dubai South upon the airport's completion. South Square was launched as a direct response to this demand. Its design, location, and features were carefully crafted to meet the needs of today's buyers, which are convenience, wellness, and connectivity. The market's response was impressive, with the first tower of the development sold out entirely within just three hours of launch. This exceptional demand reaffirms Dubai South's position as a sought-after residential community and reflects the strong trust buyers place in our developments. What is the construction cost of the project? We are currently in the tendering phase; however, we anticipate that the construction cost will align with market benchmarks for high-quality developments. Given the ongoing development activity across the city, we work closely with our contractors to ensure the timely and cost-effective delivery of our projects. What is the tendering timeline for South Square? We follow a meticulous process when selecting partners who share our vision and commitment to excellence. Beyond technical capabilities, we seek alignment in values and a demonstrated dedication to quality. This approach is key for a development like South Square, where our objective goes beyond constructing homes — we aim to build a thriving community that delivers long-term value for investors and an exceptional living experience for residents. We are currently in the process of issuing the tender for the project, with an anticipated delivery to our customers by the fourth quarter of 2028. Like all our projects, we follow a structured and transparent process to ensure we bring in partners who can deliver to the highest standard. What is your project's USP in terms of design? We typically work with local and international consultants to bring a diverse and elevated design perspective to each development. Our design approach is rooted in thoughtful planning, ensuring every detail, from layout to functionality, meets the evolving needs of modern residents. We don't see our projects as just structures; we are creating homes and spaces where people live, grow, and thrive. Spacious layouts, smart design, and a focus on liveability are what truly sets our developments apart. What was the biggest challenge in terms of the design of the project? We have extensive experience in delivering large-scale developments comprising thousands of residential units. Our successful track record includes landmark projects such as The Pulse, The Pulse Beachfront, and the soon-to-be-completed South Bay. With this depth of expertise, designing South Square came naturally. What makes this project particularly exciting is its strategic location — just minutes from the new terminal at Al Maktoum International Airport and with direct access to Sheikh Mohammed Bin Zayed Road, ensuring seamless connectivity and strong investment potential. South Square is centered around meaningful connections — with nature, people, and convenience. It includes landscaped outdoor areas, seed farms, walking trails, scenic water features, a yoga deck, multi-age fitness and leisure zones, essential retail and dining outlets, and co-working spaces — all designed to enrich residents' lives. When do you intend to hand over the project? South Square is scheduled for completion in the fourth quarter of 2028. On-time delivery is more than a goal — it's embedded in our operational DNA. We consistently strive to deliver our projects ahead of schedule, ensuring that investors and end-users can begin enjoying the benefits of our thoughtfully designed communities without delay. What is your outlook on the real estate market in the UAE, particularly Dubai, over the next two years? Dubai has firmly established itself as a global city, on par with the world's leading metropolises. The real estate sector is poised to continue its upward trajectory, driven by the city's key strengths, such as its visionary leadership, robust government initiatives, world-class infrastructure, and a solid legal and regulatory framework, among others. The numbers speak for themselves, with a growing number of millionaires and billionaires choosing Dubai as their home. At Dubai South, we are fully aligned with the government's vision. We are actively launching projects to meet the rising demand for residential units, while ensuring our communities offer modern amenities that support an enriched lifestyle. As is typical of any healthy market, minor price corrections may occur from time to time. However, my outlook remains firmly optimistic. (Reporting by P Deol; Editing by Anoop Menon) (
Zawya
4 days ago
- Business
- Zawya
Kuwait expected to award consultancy deal for 900MW Subiya power plant expansion in Q4
Kuwait's Ministry of Electricity & Water & Renewable Energy is expected to award the consultancy services contract for the 900 megawatt (MW) Phase 4 of the Subiya Power and Water Distillation Plant project in Subiya in the third quarter of 2025, a source aware of the details said. The consultancy services tender was issued on 27 April 2025, with a bid submission deadline set for 24 June 2025. The scope of the contract is supply, installation, operation and maintenance of combined cycle gas turbine units to increase the existing plant's power generation capacity by 900 MW. 'The contract award is expected in August 2025,' the source said, adding that the project completion is scheduled for the first quarter of 2027. In April 2025, a Zawya Projects report said the Subiya project is estimated to cost around 257 million Kuwaiti dinars ($848 million). (Reporting by Deva Palanisamy; Editing by Anoop Menon) (
Zawya
12-06-2025
- Business
- Zawya
Kuwait's MEW expected to award EPC contract for ClO2 injection unit in Q3 2025
Kuwait's Ministry of Electricity, Water & Renewable Energy is expected to award the Engineering, Procurement, and Construction (EPC) contract for a Chlorine Dioxide (ClO2) Injection Unit at the North Al-Zour freshwater reservoir site in the third quarter, according to a source aware of the details. The EPC tender was released on 29 December 2024 with bid submissions due by 17 June 2025. 'The contract award is expected in September 2025, with project completion targeted for the second quarter of 2027,' the source told Zawya Projects. The scope of the project includes design, construction, supply, installation, inspection, operation, and maintenance of the injection unit. (Reporting by Deva Palanisamy; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Zawya
11-06-2025
- Business
- Zawya
Qatar's Ministry of Finance expected to award Al Wajba Storage consultancy contract in Q3
Qatar's Ministry of Finance in Qatar is expected to award post-contract consultancy services for the Al Wajba Storage Renovation and Upgradation Works Package in the third quarter of 2025, a source aware of the details said. 'The tender was issued on 22 May 2025, with a submission deadline set for 6 July 2025. The consultancy contract award is expected in the second quarter of September 2025,' the source told Zawya Projects. The Design-Build project, located in the Al Wajba area, is scheduled for completion in the first quarter of 2028, with an additional 400-day maintenance period. The project scope covers three main components: the QMA (Qatar Museums Authority) main storage area, Blue Room, and a new extension to the existing storage. The construction will take place in two phases: the first focused on the Blue Room and building extension, and the second on QMA storage renovation. ·Renovation and transformation of the existing Blue Room into a two-floor space with steel structures over an area of 972.8 sqm. ·A new building extension will connect to the current facility to expand storage capacity with an area of 993.52 sqm. ·Renovation and modifications of the QMA Storage area with covering approximately 1609.73 sqm The scope also includes basic fit outs and external works, such as entrance modifications, sidewalks, landscaping, and improved parking facilities. (Reporting by Deva Palanisamy; Editing by Anoop Menon) (
Zawya
10-06-2025
- Business
- Zawya
Oman reviews bids for Bowsher Storm Water Channel project
Muscat Municipality is expected to award the design and construction contract for Bowsher Storm Water Channel project in the third quarter of 2025, a source aware of the details said. The commercial bids were opened on 26 May 2025. 'The project, expected to be awarded in July 2025, involves the construction of a stormwater channel network, with completion targeted for the fourth quarter of 2026,' the source told Zawya Projects. Two financial bids were opened: Tilal Nimar Trading and Contracting which bid 110,600 Omani riyals ($287,648.54) and Al Zarraq Trading Enterprises, which bid OMR 121,595.400 ($316,245.38) Seven bidders had their technical bids opened. These include: * International Airlines Comprehensive Contracting Company * Rashad Establishment * Bahjat Alkuhair United * White Pearl International * Al Fazari United Trading and Contraction * Al Zakwani Enterprises * Wide Range Trading and Contracting (Reporting by Deva Palanisamy; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
