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Some friends of Mohamed
City: Abu Dhabi, United Arab Emirates    Instruments: Piano    Languages: English, Arabic and French     http://www.dekkak.com    

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The Dubai Electricity and Water Authority (DEWA) has released a request for proposal (RFP) which is deemed to prompt green investments in Dubai.

A tender has been floated for review and regulatory works of the designed Renewable Energy Fund which amounts to billion or AED100 billion. The so called Dubai Green Fund was revealed in November. ( See more at : http://bit.ly/1JRKMHB ). 

   
 

Dubai’s Roads and Transport Authority (RTA) has revealed the plans to expand the metro network to arrive at 16 new districts, whereas enhancing the service in 19 others by 2020.

RTA proposes to expand Dubai metro network

RTA proposes to expand Dubai metro network

A focal point will be placed on improving marine transit forms, which are approximated to see significant progress with the opening of the Dubai Water Canal connecting the Business Bay with the Gulf.

The director-general and chairman of the RTA, Mattar Al Tayer averred that containing a complete series of included services, the public transport network in Dubai has turned out to be the backbone of people’s mobility in numerous portions of the emirate of Dubai.

RTA has an impressive proposals for improving roads infrastructure and mass transit schemes, beside enhancing the competence of public transport, and expanding the delivery of smart services to the public.

Official has also divulged proposals to acquire latest trains to continue with escalation in the number of metro customers in the prelude to hosting Expo 2020.

Mohamed Dekkak

   
 
 Businesses in the UAE will take on a careful method to continue a stable development drifty in 2016 despite of a hold back in the worldwide economy in the wake of record-low oil rates in the region.
 Business specialists averred that the UAE economy will remain strong to headwinds established by unstable oil and equities, tight liquidity and slowdown in China, Europe and escalating markets. They uttered assurance in the government’s economic diversification strategies and asserted the nation’s constant investment in infrastructure projects will remain the economy on intensification course in 2016.

According to the CEO of Noor Bank, this idea is based on the fact that the essentials of the economy are robust, with diversification helping to make it strong to macroeconomic risks.

He also stated that liquidity might have stiffened compared to 2014, but it is also a fact that the sector’s average capital sufficiency ratio is 18.3%, which is considerably higher than the needed 12%. Furthermore, while a part of SME financing has gone resentful, it is less than 5% of banks’ books.

The bank also stated that it has developed progressively in the past eight years by performing to its intensities in the UAE’s viable banking landscape.
Mohamed Dekkak
   
 

A hotel corporation in Morocco invested DH 760 million to develop a new 5 hectare tourism model called “M Avenue” in Marrakech.

New tourism Spot to arise in Marrakech

New Tourism Spot to arise in Marrakech

The development project entails the construction of the “Avenue Garden” which is around 500 meters long, together with the Four Seasons Hotel and linking the Medina Menara.

The first open private avenue offers 18,000 m² of commercial space, 150 serviced apartments, 3,000 m² of offices, and 3,000 m² of space allocated for exhibitions and events, a fitness and wellness clinic and 10,000 m² of green spaces.

The first apartments will be ready in the second half 2018. The opening of the cultural center, shops and galleries will happen in April 2018. The sale of the 96 selected apartments Four Seasons Residences will begin next April.

Through this project, the real center of Marrakech will arise and will attract the domestic and foreign tourists.  The technology that will be used to M Culture space will engross visitors in the real ambiance of Marrakech and Morocco. They can discover all the monuments before visiting.

The M Avenue project will create 815 jobs. The start of construction is planned for June 2016.

Mohamed Dekkak

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