Salik To Build Two New Toll Gates in Dubai To Optimise Traffic Flow,Further Contributing to Growth
The addition of Business Bay Crossing and Al Safa South gates will increase the total number of Salik toll gates in Dubai from eight to ten, with the new gates expected to be operational by November 2024.
The two new gates are expected to assist in reducing traffic congestion by up to 15% on Al Khail Road, to reduce traffic volume by up to 16% on Al Rabat Street and reduce right-turn traffic volume from Sheikh Zayed Road to Meydan Street by up to 15%.
Dubai, UAE – 19 January 2024: Salik Company PJSC (“Salik” or the “Company”), Dubai’s exclusive toll gate operator, has announced that the Roads and Transport Authority (“RTA”), has formally assigned Salik to install two new toll gates to optimise traffic flow and reduce congestion on key routes within Dubai.
LEOS Developments Appoints Transemirates as Main Contractor for Weybridge Gardens, its Trendy Modern Lifestyle Community in Dubailand
Image details – (left to right): Mohammed Al Zarooni, Group Vice Chairman of Al Zarooni Group of Companies & LEOS Developments Chief Operating Officer, Mark Gaskin signing partnership agreement
16th January 2023, Dubai UAE: LEOS Developments, the distinguished British born international property developer in Dubai has appointed Transemirates as the official main contractor for Weybridge Gardens in Dubailand. The estimated value of the partnership agreement is AED 80+ million.
Weybridge Gardens, a mid-rise residential and lifestyle community in Dubailand, will be home to 187 modern apartments and aims to set a new benchmark in Dubailand for high quality design and interiors coupled with world-class amenities. Dedicated to meeting construction milestones in a timely and efficient manner, LEOS Developments will complete and handover Weybridge Gardens in Dubailand in the first half of 2025.
“We are thrilled to embark on yet another chapter in our successful collaboration with Transemirates. Our confidence in the meticulous collaboration between our teams will ensure the realization of a project that not only meets but exceeds expectations. This endeavor underscores the trust LEOS places in the capabilities of Transemirates, and we eagerly anticipate delivering a development that will set an unparalleled benchmark in Dubai’s dynamic real estate landscape.” – Mark Gaskin, Chief Operating Officer, LEOS Developments.
“I’m delighted that LEOS Developments has once again chosen us as the main contractor of its second residential community in Dubai. We are fully prepared and committed to ensuring the highest quality of construction and timely delivery.” – Mohammed Al Zarooni, Group Vice Chairman of Al Zarooni Group of Companies
Featuring well-appointed apartments, comprising spacious studios and one-bedroom apartments, every home at Weybridge Gardens has been meticulously crafted by experienced British architects and interior designers, ensuring a harmonious blend of form and function.
Weybridge Gardens goes beyond exquisite living spaces; it offers many world-class amenities that cater to its residents’ desires and aspirations. One of the standout features of Weybridge Gardens is its iconic rooftop terrace. Residents at Weybridge Gardens can indulge in a wide array of amenities, ranging from a luxurious swimming pool with cabanas and in-water loungers, elegantly landscaped areas featuring comfortable seating, to a BBQ and pizza bar, an outdoor cinema, an urban farm complete with vertical gardens for cultivating fresh organic produce, and a tranquil Zen Japanese garden designed for meditation and yoga. The indoor amenities equally offer a diverse set of things to do, including a state-of-the-art gymnasium, LEOS’ Boxing Academy, LEOS’ Dance Academy, and LEOS’ Da Vinci Art Academy, a modern co-working space, café, and an AI supermarket. Weybridge Gardens stands as a vibrant, contemporary lifestyle community, offering the utmost in modern amenities that not only add value but also enrich the daily lives of its residents.
Apartment sizes range from 484 sq.ft. to 1,141 sq.ft., catering to diverse lifestyle preferences. Studios range from 484 sq.ft. to 750 sq.ft., while one-bedroom apartments range from 816 sq.ft. to 1,141 sq.ft., ensuring that every individual’s housing needs are met with precision.
Target completion date for the Weybridge Gardens project is Q3 2025 and everything is in place to ensure delivery on time.
Saudi Tadawul Group acquires a strategic stake in Dubai Mercantile Exchange creating Gulf Mercantile Exchange
Saudi Tadawul Group will acquire a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), through the acquisition of a mix of new and existing shares, becoming the joint largest shareholder alongside CME Group.
DME will be rebranded as the Gulf Mercantile Exchange to reflect its position as the key regional commodities exchange in the Middle East with global relevance.
Through DME’s flagship DME OQD Contract – the crude oil futures contract that generates the world’s largest amount of physically delivered crude oil – physical delivery volumes reached 210 million barrels of oil in 2023, up from 181 million in 2022.
The investment by Saudi Tadawul Group brings together world-class strategic partners and expertise to accelerate DME’s growth potential, including CME Group, the Oman Investment Authority, and Dubai Holding alongside global financial and commercial shareholders.
The partnership will unlock further opportunities in the energy, metals, and agricultural commodity markets and support the ongoing transition to a sustainable economy through the launch of next-generation derivative contracts.
شركة ليوس للتطوير العقاري تعين شركة عبر الامارات للمقاولات كمقاول رئيسي لمشروع ويبريدج جاردنز، مجتمع نمط الحياة العصري في دبي لاند
تفاصيل الصورة – (من اليسار إلى اليمين): محمد الزرعوني، نائب رئيس مجلس إدارة مجموعة شركات الزرعوني، والرئيس التنفيذي للعمليات في شركة ليوس للتطوير العقاري، مارك جاسكين، يوقعان اتفاقية الشراكة
يناير 2024، دبي الإمارات العربية المتحدة: قامت شركة ليوس للتطوير العقاري، وهي شركة التطوير العقاري الدولية البريطانية المتميزة في دبي، بتعيين شركة عبر الامارات للمقاولات لتكون المقاول الرئيسي الرسمي لمشروع ويبيريدج جاردنزفي دبي لاند. وتبلغ القيمة التقديرية لاتفاقية الشراكة +80 مليون درهم.
UAE Facilitates Interactive Session with Ambassadors and Missions to Explore Humanitarian Diplomacy’s Role in Tackling Global Challenges
Swiss Ambassador Acknowledges Strong Relations Between the UAE and Switzerland
The session included ambassadors from Switzerland, Germany, Spain, Ghana, Angola, Kyrgyzstan, and the Philippines.
Abu Dhabi, UAE 16th January 2024: In a significant gathering, diplomats and experts convened today for a panel discussion at the Anwar Gargash Diplomatic Academy in Abu Dhabi. The panel discussion was entitled: “Shaping the future: UAE’s Humanitarian Diplomacy Role in Addressing Global Challenges” and aimed at deliberating the contemporary humanitarian challenges confronting the world and emphasizing the crucial role of humanitarian diplomacy. The session also focused on amplifying worldwide initiatives to alleviate the strain on human security experienced by communities and states affected by crises and natural disasters.