Property Show Deals Over USD55 Million

    Egypt Property Show (EPS) 2017, the Egyptian roadshow exhibition showcasing major real estate developments in Egypt, concluded its first GCC edition at the Dubai World Trade Center. The event reported total sales deals valued at USD 55.2 million during its three-day run. EPS Dubai attracted investors who were looking for promising prospects in the Egyptian market, particularly from the country’s top developers.  Hisham Lotfi, Chairman of Al-Ahram Establishments, said: “The exhibitors … were able to meet visitors’ expectations of the various real estate projects coming up in Egypt.” Wahid Attalla, CEO, Spectrum Consultants, commented: “The turnout of our launch roadshow event in Dubai only proves the strong interest among expatriate Egyptians and international investors to invest in the Egyptian property market. Egypt’s leading developers on hand included EMAAR, Sabbour, Madinet Nasr and Rooya Holding. Following the success in Dubai, the organizers will hold the next roadshow exhibition in Kuwait, Saudi Arabia as well as in London.

    Oman College of Tourism to Support Sector

    Oman College of Tourism (OTC) signed a series of partnership agreements with leading companies in the Sultanate’s hospitality and tourism sector as part of their long-term goals to integrate industry expertise with its academic and training programs. Fifteen companies - including leading five star hotel chains and resorts - signed with OTC to collaborate and support a range of activities including industry experience for students and staff, guest lectures, curriculum feedback and new course development, company staff development; and marketing. Among the signing companies were: The Chedi; Al Bustan Palace; the Zahara Group; Mazaya, OITE; Park Inn by Radisson;  Ras Al Jinz Turtle Reserve | City Hotel Duqm | Masira Island Resort |Uwaifiyah Rest House; Oman Convention & Exhibition Centre; Holiday Inn As Seeb; Al Mouj Golf; Kempinski Hotel Muscat; Grand Hyatt Muscat; Shangri-La Crowne Plaza Muscat and Al Loomie.
    Dr. Abdulkaim Al Mughairi, Dean of OTC said, “The partnerships (are) ensuring that we produce quality graduates.”  

    Project Qatar Caters to French Businesses  

    The French pavilion at Project Qatar focused on sustainable and environmental-friendly buildings, energy efficiency and timber constructions but also smart buildings and home automation. French companies are renowned for their expertise in the area of high-quality projects, such as 5-star hotels and villas, public buildings such as shopping malls, schools and stadiums and seized the opportunity to present smart cities solutions, bioclimatic materials, Mechanics, Electricity and Plumbing Contracting – MEP, among other specific offers. 
    Christelle Peyran, Head of Business France Qatar said: “France is focused on energy efficiency, sustainable development and R&D. France invested 18,8 billion euros in 2015 in renovation and energy retrofits, becoming the 3rd market in Europe in terms of eco-friendly buildings.  21%  of French companies in building sector have a R&D center to develop new materials”. The French construction sector has around 350 000 French companies hiring 1.5 million and with sales revenues of USD142 billion. The construction industry alone in Qatar represents 5.7% of the GDP. 

    Huge Growth Opportunity in Saudi Arabia's FM 

    The facilities management (FM) sector in Saudi Arabia remains a largely untapped market that offers huge growth opportunities for regional FM players looking to expand and innovate on their services in the Kingdom.
    The Middle East Facilities Management Association (MEFMA) report “FM in Saudi Arabia – an Emerging Giant” revealed that the Kingdom continues to hold the largest share in Gulf FM spending, accounting for about 55 % of total expenditure. Although the KSA market is currently valued at USD 20 billion, it is still considered to be developing in terms of proportion to the country’s building infrastructure development, and is characterized as dependent on manpower supply services and low-quality building maintenance. MEFMA has estimated that under one-third of the FM demand predominantly comes from the public sector which is relying heavily on outsourced services.
    MEFMA underscored that GCC-based FM clients in recent years have begun embracing international trends which favour longer contracts with their FM providers extending from three to five years.

    Hospitality Management Holding Expands  

    Hospitality Management Holding (HMH) announced at Arabian Travel Market its further expansion in Sudan with the completion of EWA Port Sudan Hotel & Apartments by Q4 2017. It is the group’s fourth hotel in Sudan where it has been operating since 2009 and symbolizes the company’s firm commitment to support the development of tourism infrastructure in the country.    
    Ferghal Purcell, COO of HMH, said, “We have got a strong portfolio of brands and are delighted to consolidate and build on our strategic cooperation with our business associates in the country. EWA Port Sudan Hotel & Apartments is superbly located merely 30-minutes from Port Sudan New International Airport. Featuring 84 keys, the hotel has been designed to offer guests fabulous meeting, dining and leisure facilities.”
    There is a considerable shortage of hotels in Sudan, particularly outside the capital Khartoum, with many key tourist attractions completely lacking suitable accommodation. HMH has in operation Coral Khartoum Hotel, Coral Port Sudan and EWA Khartoum Hotel & Apartments.

    UAE's New Fire and Life Safety Codes

    As UAE's new fire code comes into force, it is important for contractors, consultants, and engineers to be aware of the latest guidelines related to cladding. These include new requirements for testing and for installation. Building sector advocates are providing awareness what the new code means for industry players.
    Managing Director of Knauf Exeed Insulation in the Middle East and South Asia, David Adams said: “UAE’s fire code requirements continue to evolve as the country embraces international best practices in fire safety. As the UAE's new fire code will undoubtedly be enforced, it is important for all parties involved to be aware about the changes. Industry professionals should aim to ensure that ACP Panels on high rise buildings are A2 non-combustible, thermal Insulation on the façade applications should be non-combustible, on every slab level a firestop material needs to be used and all of the components of the façade system needs to be tested as a system.”