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All-Emirati crew claim commanding race win while Torrente, Al Qemzi,Al Tayer, Abbate secure title on Necko Lake

Team Abu Dhabi wrapped up their first major powerboat racing title of the season today as Shaun Torrente, Rashed Al Qemzi, Rashed Al Tayer and Italian Tullio Abbate clinched the World Endurance Championships in Augustów, Poland.

This time the honours on the day went to the all-Emirati crew of Majed Al Mansoori, Mohamed Al Mehairbi, Rashed Al Remeithi and Faleh Al Mansoori in Abu Dhabi 36 who recorded a commanding victory in the second of two back-to-back six-hour races to finish runners up in the series.

But sixth place was enough to ensure American Torrente, Emiratis Al Qemzi and Al Tayer and Italian Tullio in Abu Dhabi 35 secured the world endurance crown following their win 24 hours earlier and success two months ago in the 24 Hours of Rouen in France.

They had looked set to complete the series with a 100% winning record after leading comfortably for more than four hours today before being briefly forced out of the race to make technical modifications.

Having shadowed their team-mates in second place virtually from the start, Abu Dhabi 36 suddenly found themselves with a commanding lead and ultimately cruised to victory by 19 laps from the Navikart Soliodaires French crew of Sebastien Lemoine, Olivier Betin and Stephane Lemoine

Russians Konstantin Ustinov and Dimitry Vandyshev and Lithuania’s Edgaras Riabko in Nollet 2 were third another five laps behind.

While these are still early days in the season, the result in Poland underlines the prospect of four world powerboat racing titles ending up at Abu Dhabi International Marine Sports Club.

Ten-times former F1H20 world champion Guido Cappellini, who recently signed a new long-term contract to guide the fortunes of Team Abu Dhabi until 2025, certainly believes the quadruple is possible.

He has already seen reigning world champion Torrente set the pace in this year’s F1H20 series while Rashed Al Qemzi has taken an immediate lead in the UIM F2 championship.

From Poland Cappellini quickly switches focus to the UIM XCAT World Championship in which Torrente and Faleh Al Mansoori begin their title defence in Stresa, Italy next weekend.

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24 Hours of Rouen winners dominate first six-hour race on Necko Lake

 Team Abu Dhabi took a big step towards their first world powerboat racing title of the season today by dominating the opening leg of the Necko Endurance race in Augustów, Poland.

The combination of Shaun Torrente, Emiratis Rashed Al Qemzi and Rashed Al Tayer and Italian Tullio Abbate in Abu Dhabi 35 strengthened their grip on the World Endurance Championships with victory in the first of the weekend’s two back-to-back races.

The result puts them in a commanding position to secure the world endurance crown if they can avoid any mechanical failures or major mistakes in the second six-hour race getting under way at 11am local time tomorrow.

Meanwhile, a fourth place finish on the Necko Lake today means the all-Emirati crew of Majed Al Mansoori, Mohamed Al Mehairbi, Rashed Al Remeithi and Faleh Al Mansoori in Abu Dhabi 36 can take third overall in the championship with a similar performance tomorrow.

With reigning F1H2O world champion Torrente first in action, Abu Dhabi 35 took an immediate lead when the first race got under way as they looked to build on their impressive victory in the 24 Hours of Rouen in France two months ago.

Only briefly did they lose the advantage towards the half way point, firstly to the Navikart Soliodaires French crew of Sebastien Lemoine, Olivier Betin and Stephane Lemoine and then to
Russians Konstantin Ustinov and Dimitry Vandyshev and Lithuania’s Edgaras Riabko in Nollet 2.

At this point there was often as little as two seconds separating the leaders, but over the last two hours Abu Dhabi 35 gradually eased away to complete 294 laps by the finish, three more than Nollet 2 in second place and third-placed Navikart Soliodaires. Abu Dhabi 36 finished 276 laps in fourth position.

If Torrente, Al Qemzi Al Tayer and Abbate avoid problems tomorrow they will deliver the first of four world powerboat racing titles being targeted this season by Abu Dhabi International Marine Sports Club.

Torrente, who leads this season’s UIM F1H2O World Championship, heads straight from Poland to Stresa, Italy to begin his defence of the UIM XCAT World Championship with Faleh Al Mansoori. Meanwhile Rashed Al Qemzi tops the current F2 standings.

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2,000 Visitors in Conclusion of FBR Ajman Expo 2017

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Organized by Ajman Chamber and INDEX Conferences & Exhibitions, Franchise, Brands, Retail Expo – FBR Ajman concluded on a high note with the participation of 100 local and international brands from 13 countries.

His Excellency Dr. Sheikh Majid Bin Saeed Al Nuaimi, Chairman, Ruler’s Court, Ajman, accompanied by H.E. Abdullah Al Muwajai, Chairman of the Ajman Chamber visited FBR Ajman where he toured the exhibition area and was introduced to the leading brands in diverse sectors. He praised the great diversity of products displayed in the exhibition, which forms an ultimate platform for exchange of experiences, signing of partnerships, and successful business deals, which in turn will support the growth and sustainability of the economy.

In this occasion, Eng. Anas Al Madani, Vice Chairman and Group CEO of INDEX Holding: “We are very proud of the great success FBR Ajman in its 3rd edition has accomplished, as it had attracted more than 2,000 visitors over 2 days. We are very proud also of our cooperation with Ajman Chamber in organizing this event, that has provided a key platform for the exchange of knowledge and experience between franchisees and investors who are looking to start up their businesses from Ajman.”

The last day of the exhibition has witnessed the signing of a remarkable number of cooperation agreements and important business deals. Ajman Chamber of Commerce and Industry signed a partnership agreement with ASWAQ, a subsidiary of Investment Corporation of Dubai, to enhance cooperation and partnership between both parties. The agreement was signed by H.E. Abdullah Al Muwajai, Chairman of the Ajman Chamber and Mr. Yousef Al Sayed Sharaf, Chief Executive Officer.

Ajman Chamber has also signed a cooperation agreement with Franchise Souq, to support cooperation in the field of franchise that will eventually guide entrepreneurs and support them in this dynamic field. The agreement was signed by Mr. Mohammed Al Janahi, Executive Director of the Business Development and Investment Sector, and Chairman of the Organizing Committee of FBR Ajman and Mr. Jassim Albastaki, Chief Executive Officer of Franchise Souq.

In addition to that, Ajman Chamber has also signed an agreement with Enatni, new UAE startup with a vision to showcase Emirati owned businesses, community, and culture. The agreement was signed by Ms. Jameel Ahmed Kajoor, Director of SMEs Support Department, Ajman chamber and Mr. Abdullah Al Zaabi Enatni, CEO of Enatni.

One of the major accomplishments that took place during the exhibition, is the great business deals and agreements that were sealed among exhibiting companies in the exhibition from one side and also the deals between exhibiting companies and interested trade visitors who came to the exhibition looking for franchises and famous brands.

Towards the end of the exhibition, H.E. Abdullah Al Muwajai, Chairman of the Ajman Chamber, awarded all participating companies and brands who took part in this edition of FBR Ajman, he also extended his gratitude for all of them and praised their role in making from this exhibition an international platform for local, regional and international brands. H.E. also admired the big variety in brands participating this year at the exhibition.

H.E. continued saying: “Our wise leadership is very keen on providing all the support needed for entrepreneurs through guiding all stakeholders towards this purpose. Moreover, Ajman chamber is very keen on organizing specialized events that enrich the business community in general, in addition to participating in all related exhibitions inside the UAE and abroad, while also involving young local entrepreneurs and guide them to choose quality projects that has the potential to succeed, in addition to promote the local brands inside the UAE and abroad.”

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ManageEngine Emerges as a Champion in Info-Tech ITSM Research

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ServiceDesk Plus Receives Research Group’s Champion Award; Recognized as Industry Trendsetter

  • Received a high Value Index score  indicating value per dollar spent for features, usability and stability
  • Recognized for its strong market presence and leadership in the industry

ManageEngine, the real-time IT management company, today announced that ServiceDesk Plus, its flagship ITSM product, has been recognized as a Champion in the Info-Tech Research Group Mid-Market Service Desk Vendor Landscape report. ManageEngine’s inclusion and placement in the report is a testament to its leadership status in the IT service management market and its ability to provide best-in-class ITSM solutions with enterprise-ready capabilities for mid-market companies.

“As organizations mature, they have to continuously innovate to get more business value from their IT operations and are constantly looking for tools that deliver results,” said Rajesh Ganesan, director of product management at ManageEngine. “We at ManageEngine realize this need and have purpose-built ServiceDesk Plus with the optimal balance of features, customization and programmability, all without compromising ease of use. We thank Info-Tech Research Group for this recognition which we believe will help many mid-market companies make the right choice.”

ManageEngine Scores High in Value Vendor Landscape reports by Info-Tech Research Group recognize outstanding vendors in the technology marketplace. By assessing vendors on the strength of their offerings and their enterprise strategies, Info-Tech Research Group’s Vendor Landscape reports pay tribute to the contributions of exceptional vendors in particular categories.

This report evaluated 13 vendors in the service desk market. ManageEngine came among the top three vendors ranked on the Value Index, which scores each vendor’s product offering and business strength relative to its price point. In the report, ServiceDesk Plus is identified as “an on-premises/SaaS solution that offers module-based scalability with seamless integration between the various add-ons.” Sandi Conrad, senior research director at Info-Tech Research Group and the report’s author, stated that “ServiceDesk Plus is perfect for organizations looking to incrementally increase maturity of IT through service desk, ITAM and other modules for IT operations and beyond.”

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GCC family businesses discuss requirements for long-term continuity and growth at 2017 FBCG Annual Summit in Dubai

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  • A 2-day event that brought together prominent family business leaders and experts to showcase best practices serving family business continuity
  • Sustaining family unity and maintaining commitment to evolve the family business were identified as key requirements for family business success over generations.

Family Business Council – Gulf (FBCG), the regional association of Family Business Network International (FBNi), recently concluded its Annual Summit 2017 under the theme ‘Secrets to Family Business Continuity: Committed to Evolve Over Generations’ held in Dubai.

The fourth edition of the summit brought together leading GCC family businesses experts and academicians to share family business experiences and effective approaches to address family business challenges.

H.E. Abdulaziz Al Ghurair, Chairman of FBCG, said, “We believe that each family business has its own secrets to success, but we also believe that families can inspire each another on ways to regenerate their own formula to success” He added, “By tailoring the summit agenda around real-world case studies and success stories, we aimed to provide families with practical insights that they can learn from and incorporate in order to better address the challenges of growth, business model evolution and generational transition.”

Prominent regional and international speakers took the stage at the summit presenting case studies and taking part in panel discussions. Two GCC family groups, Al Mulla Group from Kuwait and SEDCO Holding Group from the Kingdom of Saudi Arabia, shared their learnings and discussed how to professionalize and introduce corporate discipline in the family business; focusing on how to build effective Boards to fit long-term generational time horizons.

The summit also witnessed the launch of a GCC case study on family business social impact. Community Jameel shared their approach in developing community projects tied to their business and centered on job creation. Hassan Jameel, Deputy President and Vice Chairman of Abdul Latif Jameel, took part in a relevant panel session along sustainability experts and discussing with the audience effective ways of giving in the context of the family business.

International family speakers also took part in the summit; Hans-Jacob Bonnier of Bonnier Group, a sixth-generation family firm which is ranked among Scandinavia’s leading media conglomerates; and Meral Zaim Inci, a second generation from the leading Turkish Inci conglomerate. Both families belong to FBN exclusive community; and took part in GCC summit to present their family governance development journey.

Every year, the FBCG summit attracts leading GCC family businesses in a private closed-door gathering. FBCG’s events are exclusive to family-business members and the format of the sessions is designed to encourage open and effective discussions among the participating members.

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Emaar Malls AGM approves 10% cash dividend of AED 1.3 billion (US$ 354 mn) for second consecutive year

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  • Seven Directors of the Board elected by the General Assembly

The second Annual General Meeting (AGM) of Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties, today approved a proposal by the Board of Directors to distribute 10 per cent of the share capital, equivalent to AED 1.301 billion (US$ 354 mn), as cash dividend to the shareholders.

The assembly also elected a Board of Directors comprising seven members: Mr. Mohamed Alabbar, Mr. Ahmad Al Matrooshi, Mr. Abdulrahman Al Hareb, Mr. Abdulla Belyoahah, Mr. Helal Saeed Almarri, Mr. Mohamed Al Hussaini, and Mr. Ali Ibrahim Mohamed Ismail. A special resolution was passed by the AGM approving the change in number of Board members from nine to seven.

The AGM also approved the report of the Board of Directors on the activities and financial position of the company as well as the auditor’s report and the company’s balance sheet for the fiscal year ending December 31, 2016. Ernst & Young was chosen as the auditor for 2017.

Addressing the shareholders, Mohamed Alabbar, Chairman of Emaar Malls and Emaar Properties, said the success of Emaar Malls is led by the UAE’s robust growth and the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, to establish the nation as a smart hub for trade and commerce.

“We are driving our growth with our focus on delivering enhanced retail experiences for our customers. We are investing in new and advanced technologies that will create all-encompassing experiences for our customers and contributing to sustained value for our shareholders.”

He added: “We will strengthen our malls assets with the expansion of The Dubai Mall and the development of retail districts in Dubai Hills Estate and Dubai Creek Harbour, which are designed for the new generation of tech-savvy, trend-conscious customers.”

Emaar Malls recorded a net profit of AED 1.874 billion (US$ 510 mn) and revenue of AED 3.227 billion (US$ 879 mn) in 2016. The shopping malls assets of Emaar Malls – The Dubai Mall, Dubai Marina Mall, Souk Al Bahar, Gold & Diamond Park and the community shopping centres – welcomed 125 million visitors during 2016, with gross leasable area (GLA) occupancy levels averaging at 96 per cent.

With a GLA of about 6 million sq ft in Dubai, Emaar Malls is expanding The Dubai Mall’s Fashion Avenue by another 1 million sq ft built-up area. New retail and leisure opportunities are being created for retailers and customers with the Boulevard, Fountain Views and Zabeel expansions of The Dubai Mall.

Emaar Malls is also developing dedicated retail precincts in Dubai Creek Harbour and Dubai Hills Estate. Several community mall projects are also being planned to serve Emaar’s integrated lifestyle developments.

Shareholders of Emaar Malls are requested to update their contact details and addresses with the Dubai Financial Market (DFM) to make sure the dividends are received appropriately, as the payment will be made through DFM.

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Sharjah Chamber, Economic Development Form Mutual Committee for Gold & Jewellery

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  • Discussed concerns and requirements pertaining to new specialized gold and jewellery industrial zone in Sharjah

The Sharjah Chamber of Commerce and Industry has announced forming a new mutual committee with the Sharjah Economic Development Department, aiming at studying the current status of the gold and jewellery industry in the Emirate, and responding to the aspirations and requirements of stakeholders in this sector. The new committee comes as a new specialized zone for the gold and jewellery industry is soon to be inaugurated outside the city of Sharjah.

The announcement was made during the consultation meeting between SCCI, SEDD and representatives from the industry, held yesterday (Monday) at SCCI in Sharjah, and attended by HE Abdullah Sultan Al Owais, Chairman of SCCI, HE Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department (SEDD), and HE Khaled bin Butti Al Hajri, Director-General of SCCI.

The meeting discussed requirements presented by merchants and industrialists, pertaining to the new specialized zone soon to be inaugurated outside the city of Sharjah. Representatives from industry stakeholders expressed their requirements in terms of technical, professional, and HSE standards in the new zone.

During the meeting, SCCI chairman announced forming the mutual committee, which will be tasked with studying technical standards in terms of dedicated space for workshops, interior exterior architecture, and other aspects of the new premises. Further, the committee will study lease value for these spaces so that balanced and steady rates can be achieved to support this vital sector.

Commenting on this, HE Abdullah Sultan Al Owais, Chairman of SCCI, said: “Gold and jewellery is one of the oldest industries in the world. Today, it is in need of further regulations and a strict focus on quality standards and conditions, in order to elevate the industry and move it to the next phase, as well as enhance its contribution to building a sustainable economy in Sharjah, and across the UAE.”

For his part, HE Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department (SEDD) highlighted that SEDD, in line with its mandate to control market activity, and in collaboration with SCCI, has studied the current situation of the gold and jewellery industry, with the aim of developing the sector and extending further regulations to its activity.

SEDD, HE continued, concluded that it is important for workshops and stores in this sector to be transferred to a specialized zone outside the city, which will enhance HSE both for city residents and industry specialists. This step also falls in line with international best practices in this sector.

Al Suwaidi also noted that the meeting aimed to discuss concerns and requirements with stakeholders, in order to achieve common understanding and consensus on the standards and conditions required in the new specialized zone.

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Investing for a Better Future

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Ahmed Al Ameri

Chairman, Sharjah Book Authority

Given Sharjah’s outstanding experience in nurturing children by encouraging their innovation, enhancing their creativity, building their capabilities and enriching their knowledge, it is natural that certain queries are raised. These include… what are the strategies designed by Sharjah to achieve such aims? How does Sharjah’s cultural agenda, rich with festivals, forums and fairs, impact the present and the future? Why is Sharjah keen to develop children’s scientific and literary talents?

Such questions can be answered by appraising the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah and his wife, Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Supreme Council of Family Affairs. When you see the array of initiatives they have conceived and overseen, it is clear that they have prioritised children and placed them at the heart of Sharjah’s cultural project. This commitment is underpinned by a wisdom that considers Sharjah’s youth as the leaders of tomorrow responsible for the economic, scientific and literary development of Sharjah and the UAE.

This is why it is important to look at Sharjah’s efforts to raise its children in the context of the wider vision to empower younger generations with the ability to innovate, acquire knowledge and contribute to human progress. Those efforts are exemplified by Sharjah’s spectrum of international initiatives and its array of local and regional projects. The emirate has become the Arab world’s cultural centre and one that strives to strengthen children’s intellect, harness their talents, hone their skills and motivate them towards discovery.

Sharjah’s prestigious status is affirmed by observing what the Sharjah Children’s Reading Festival represents. It has opened the door to vibrant cultural engagement, with more than 120 exhibitors and 179 guests from around the world showcasing their expertise. Sharjah Children’s Reading Festival has established itself as a premium platform where local experiences are enriched, international partnerships forged and new generations inspired.

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Barwa Bank takes home two celebrated trophies at the International Finance Magazine Awards

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  • The Bank’s popular Shari’ah compliant savings account ‘Thara’a’ has been named the ‘Best Innovative Islamic Banking Product in Qatar’
  • Barwa Bank’s Marketing Team has been recognized as the ‘Best In-House Marketing and Communication Team’ for 2016.

Honoring its continuous efforts in presenting clients with innovative products and exceptional services, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, has earned two esteemed titles at the International Finance Magazine (IFM) Awards, which was held at the JW Marriott Marquis Hotel in Dubai.

As such, the Bank’s popular Shari’ah compliant savings account ‘Thara’a’ has been named the ‘Best Innovative Islamic Banking Product in Qatar’, while its Marketing Team has been recognized as the ‘Best In-House Marketing and Communication Team’ for 2016.

Commenting on the occasion, Mr. Khalid Yousef Al Subeai, Group Chief Executive Officer of Barwa Bank Group, said:“At Barwa Bank, we are truly honored that ‘Thara’a’, our one-of-a-kind savings account, claimed such a sought-after title at the esteemed IFM Awards. This award bears witness to the novelty of ‘Thara’a’ in Qatar’s Islamic Banking sector and praises its rich lineup of value-added benefits, services and cash reward scheme, which have collectively propelled it to become the savings account of choice for many bank clients in the country. The ‘Best-In-House Marketing and Communication Team’ title Barwa Bank won at the awards pays tribute to the relentless efforts and creativity of our Marketing and Communication Team, who have done their best to introduce and promote the Bank’s various offerings to clients and stakeholders, as well as played a direct role in elevating ‘Thara’a’ to the highly regarded status it enjoys today.”

During his participation at the IFM awards ceremony, Mr. Talal Ahmed Al Khaja, Barwa Bank Group Chief Communications Officer, said:“Not only has Barwa Bank taken home two distinguished trophies home at the IFM awards, but the prestigious titles demonstrate the well-orchestrated team effort behind the Bank’s offerings, from product planning and development all the way to their successful introduction in the marketplace. While we are surely pleased with Thara’a’s significant achievement, we are profoundly proud of Barwa Bank’s Marketing and Communication Team for laying out the Bank’s innovative marketing plan and faithfully executing its multi-channel creative campaigns throughout the year, which has made achieving both awards possible.”

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  • UAE capital’s leading real estate event returns as research reveals the Emirates tops the charts for Middle East investment

The 11th edition of Cityscape Abu Dhabi opened its doors today to thousands of local, regional and international visitors who flocked to the capital’s largest real estate event to meet more than 100 exhibitors and see a host of new project launches.

The three-day property exhibition comes as new regional market research studies reveal that the UAE is the most appealing country to invest in real estate in the Middle East.

Figures from a new YouGov survey, commissioned ahead Cityscape Abu Dhabi revealed that 88% of home buyers, individual investors and institutional investors believe that the UAE is the most appealing country to invest in real estate in the region, followed by Qatar (4%).

This preference mirrors home owners’ and buyers’ reasons for wanting to invest, with return on investment (81%), capital appreciation (78%) and the availability of multiple options (78%) to be the main drivers behind the UAE’s appeal.

Taking place from 18-20 April at Abu Dhabi National Exhibition Centre (ADNEC), Cityscape Abu Dhabi is held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

With approximately 3,100 residential units completed in Abu Dhabi last year, predominantly within Reem Island, Saraya, Danet and Rawdhat, the total property stock reached 248,000 units in the capital.

David Dudley, Head of Abu Dhabi Office, JLL revealed in his key note speech and quarterly report at the Cityscape Abu Dhabi Conference today (Tuesday 18 April) that a significant proportion of the 5,000 units scheduled for completion this year may face some delays in the final stages of approvals and handovers, in order to alleviate and measure supply and demand.

Dudley said: “There are signs of 2017 and 2018 supply completions being higher than 2015-2016. We expect that as market conditions start to improve in Dubai and government spending returns to Abu Dhabi, the market will head back towards recovery and it will be important for supply completions to remain balanced.”

The half-day conference also saw H.E. Khalifa Bin Salem Al Mansouri deliver a welcome speech, followed by Omar Al Busaidy, Abu Dhabi Experience Development Unit Head, Tourism & Culture Authority Abu Dhabi, who delivered a keynote speech on Destination Abu Dhabi discussing the anticipated impact of upcoming landmark projects in the capital on the UAE’s real estate sector.

More than 100 exhibitors are out in full force this week at Cityscape Abu Dhabi showcasing their latest developments and offering exclusive discounts and promotions to visitors of the exhibition.

TDIC presented its residential real estate offerings available for sale on Saadiyat island, including a preview of the apartments for purchase in Mamsha Al Saadiyat, the first development of its kind in the Saadiyat Cultural District, and home to the single largest collection of acclaimed cultural assets in one setting: Zayed National Museum, Louvre Abu Dhabi, Guggenheim Abu Dhabi and Manarat Al Saadiyat.

The Abu Dhabi Urban Planning Council (UPC) revealed that a number of mosques, parks, playgrounds and sports facilities will be developed across Abu Dhabi as part of their initiative for the Year of Giving, while Wahat Al Zaweya Company for Investment and Real Estate Development launched 400 pieces of land for UAE nationals.

Aldar launched their latest mid-market project on Reem Island – The Bridges, a 1,272 unit, AED1.3billion development which offers high quality amenities and a prominent location close to Abu Dhabi’s main business and cultural districts, with prices starting from AED450,000.

Bloom Properties announced the commencement of the main works at Faya, the fourth phase of its master planned community in the UAE capital’s Bloom Gardens.

A new feature on the show floor, Cityscape Talks became a hub of activity as visitors took advantage of the free to attend presentations designed to help them make informed investments at the event.

Lynnette Abad, Partner at Property Monitor, will be one of the experts to address the crowds during the Talks today (19 April).

Abad said: “While the rate of decline in Abu Dhabi residential prices has slowed in comparison to the last year, the market is expected to remain under pressure from the fallout of redundancies and oil price movement.

“That said, communities with established infrastructure, amenities and locational advantages have fared better and these factors are expected to drive demand in future as well. Also, an interesting shift in neighbouring Dubai market this year is the entry of residential options at lower price points, for instance villas for as low as AED 1.8 million, and such offerings targeting first time buyers could stimulate activity from a wider set of buyers within the Abu Dhabi market.”


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Global Success for Solcon Industries’ Medium Voltage DriveStart

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  • Innovative Motor Control Delivers Full Control and Reduces Energy Usage

Two years ago, Solcon Industries released the DriveStart to deliver on a promise – create a medium voltage motor control that costs less and requires a smaller footprint than a variable frequency drive (VFD). “One of our customers required a simple, yet complicated solution – bring a motor up to speed,” said Gil Briman, CEO. “They were dealing with an insufficient power grid and paying high charges during peak times. The DriveStart not only solved their issues but was embraced by our customers across the global industrial landscape.”

For over 40 years, Solcon Industries has delivered innovative solutions. The DriveStart, an IGBT-based medium voltage soft starter, is available up to 6.6kV at 750A, and is the perfect addition to Solcon’s motor control solutions. “Solcon has remained a global leader in industrial motor controls because we listen,” says Jonathan Barrie, Senior Director of Product Management and Global Marketing. “Our products have earned a solid reputation due to their long, successful life out in the field. The DriveStart follows our corporate tradition.”

How does Solcon help customers with insufficient power grids? On a turbo vacuum blower at a paper mill in Indonesia, a DriveStart was commissioned to overcome issues with a weak power supply, high inertia start and other conditions. The DriveStart limited the starting current to lower than nominal as it accurately controlled the speed in order to prevent over speed. “The DriveStart’s integrated Solcon Data Logger and control program accurately adjusted the acceleration of the motor load to optimize the power usage,” says Mr. Barrie.

The Drivestart solved issues for other customers. “We created a great motor control and now it’s commissioned in other fields including mining, gas production, sludge pumps and others,” says Mr. Briman. “It started as a simple solution to help fill one customer’s request that turned into a global success.”

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  • Unique selection of residences available for purchase in Mamsha Al Saadiyat, Jawaher Saadiyat and Saadiyat Lagoons on first day of the exhibition
  • Units available in golf course-facing Jawaher Saadiyat, Mamsha Al Saadiyat in the heart of Saadiyat Cultural District and the vibrant all-inclusive Saadiyat Lagoons District 

Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, launched a premier selection of residential units across three projects on Saadiyat Island under a new flexible payment schedule on the first day of Cityscape Abu Dhabi 2017, taking place from April 18 – 20 at the Abu Dhabi National Exhibition Centre (ADNEC).

Held under the patronage of H.H Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Cityscape Abu Dhabi is the largest real estate-focused event and marketplace, which brings to the capital the biggest names in local, regional and international developers, investors and government entities, to access the latest developments and opportunities in residential, hospitality, retail and commercial real estate.

In an opportunity not to be missed, potential investors and homeowners can take advantage of a new flexible payment plan which allows buyers to secure their unit with a deposit of 2.5% of the unit sales price for the 50 distinctive apartments available for purchase in Mamsha Al Saadiyat, situated in close proximity to Saadiyat Island’s collection of world-class museums Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi. The same terms have been extended for 29 contemporary villas on sale in the Saadiyat Beach Golf Club-facing Jawaher Saadiyat, as well as more than 30 units across the fully inclusive nature-based community of Saadiyat Lagoons.

The new plan establishes a milestone in local real estate offerings, providing buyers the opportunity to secure residential offerings of superior quality at newly affordable rates with a trusted developer. Saadiyat Island is widely viewed as the future of contemporary Abu Dhabi, providing residents and visitors with access to a wide range of culturally and leisure immersive experiences. Developments on the island epitomize Abu Dhabi’s strategy for growth and development, combining innovation with rich traditions and heritage, whilst adhering to an environmentally sensitive philosophy.

At Cityscape Abu Dhabi will grant visitors an interactive preview into TDIC’s diverse portfolio of projects, with the 2.5% deposit and payment proposition creating a remarkable offer that makes the prospect of home ownership in the capital’s premier destination, attainable for buyers seeking investment opportunities on Saadiyat Island.

During Cityscape Abu Dhabi, Tourism Development & Investment Company (TDIC) will be located at stand 7A10, between Halls 7 and 8, at Cityscape Abu Dhabi 2017.

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