Qatar is going ahead with a $500 Million Mega Project that will even be more spectacular than Hydropolis, the underwater hotel that Dubai was supposed to build but never did. This innovative Mega Project has been designed by the Giancarlo Zema Design Group. It is the first semi-submerged hotel resort and will stretch out from the land into the sea and extend 1km parallel to the land with two arm-like land masses. The project is composed of a land section and a sea section. On the land area will be multiple residential buildings, office buildings and a marina with a modern and flexible harbor. All the structures are situated in a semi-circle around a central tower with a panoramic restaurant.
In the sea section there are four innovative semi-submerged hotels with underwater halls that give amazing views. The four hotels echo the soft lines of the super-yachts that will be anchored at the marina. Large diagonal glass windows make the hotels memorable, each with 75 luxury suites arranged around the perimeter of the building so each unit has a big terrace that overlooks the complex. The activities of the hotel take place in the underwater area that is surrounded by aquariums.
The hotels are situated around a central public welcome area that has an interactive museum on water life and water exhibition galleries, large perimetral aquariums and a glass tunnel that leads to the underwater observatory in the center of the whole marine park. Connected to the welcome area by the arm extensions are fitness areas, gardens and a special outdoor theatre with a moving stage that opens on the sea.
The smaller floating platforms will be anchored floating suites called Jelly Fish with underwater views within an artificial reef. At the end of each platform are lighthouses. It is possible to move everywhere thanks to electrical vehicles that respect the eco-system philosophy. Water transport is also provided by 20m aluminum yachts called Trilobis that are equipped with hydrogen engines and an underwater observatory globe. The bridge that connects the land and sea section is lined with plants that give the idea of projecting the land flora into the sea. The main structure is in steel complete with all the necessary lighting systems and teak flooring.
Amphibious 1000 has to be one of the most amazing Mega Projects under development. Qatar has the money to make it happen and it blends perfectly with the massive amounts of development going on there. Here is a link that will give you more details on the project and show you the unique architecture being used:
http://www.giancarlozema.com/A+D%20magazine.pdf
Wednesday, August 17, 2011
Sunday, July 10, 2011
UAE, Qatar, KSA & Kuwait at Top For Ultra-Wealthy Households
The GCC has some of the highest densities of Super Rich people on the planet which is a perfect environment for Mega Project growth. According to the study by Boston Consulting Group(BCG) 'Ultra High Net Worth' households, defined as those with more than $100 Million in assets under management, were most highly concentrated in Saudi Arabia, Switzerland, Hong Kong, Kuwait, Austria, Norway, Qatar, Demark, Singapore and the UAE.
Qatar, Kuwait and the UAE also made it to the top ten in terms of highest proportion of millionaire households with 8.9 percent, 8.5 percent and 2.6 percent, respectively. The MENA Region showed significant growth in wealth as assets under management which rose 8.6 percent to $4.5 Trillion in 2010 with BCG projecting it will reach $6.7 Trillion by 2015.
Regional Trends in wealth management showed a very high proportion of cash and deposits, low share of bonds and very few managed funds in Middle Eastern household portfolios.
While 56 percent of GCC investors preferred to keep their investment in cash or very short term investments like bank deposits, 31 percent preferred to invest in regional or home equity markets with 13 percent opting to invest in bonds. The trend clearly shows the risk appetite of regional investors remains low, especially when compared to levels seen before the downturn.
In the GCC wealthy households controlled a majority of wealth with Saudi households controlling 81 percent of private wealth in the country followed by Kuwait with 68 percent, Qatar with 65 percent and the UAE with 63 percent.
For the Middle East as a whole the study observed that women controlled about $500 Billion or 22 percent of private wealth in the region. Offshore wealth from the MENA Region reached $1.4 Trillion, with the major proportion held in the UK, Channel Islands, Dublin and Switzerland.
Within the region Dubai sustains its position as most prominent offshore center in the Arab world, with Saudi Arabia, Turkey, Iran, Kuwait and Russia emerging as the most important origins of offshore wealth in the region.
BCG analysts said the recent political turmoil has reversed the trend towards onshoring wealth in some countries in the Middle East but it did not have any adverse impact in household wealth in the GCC.
"For the more stable Gulf states the onshoring trend continues. Some Gulf jurisdictions, such as Dubai, are now attracting more wealth from other Middle East countries as they act as offshore centers themselves," Markus Massi, Partner and Managing Director at BCG Middle East.
It should be clear that all this wealth in the GCC creates fertile ground for the Mega Project boom we are seeing in the region. Despite the world economic downturn the GCC is still going forward with a huge number of superlative Mega Projects and the overall wealth of the region will allow this growth to continue.
Source for much of the information in this post from:
http://www.cpp-luxury.com/
Qatar, Kuwait and the UAE also made it to the top ten in terms of highest proportion of millionaire households with 8.9 percent, 8.5 percent and 2.6 percent, respectively. The MENA Region showed significant growth in wealth as assets under management which rose 8.6 percent to $4.5 Trillion in 2010 with BCG projecting it will reach $6.7 Trillion by 2015.
Regional Trends in wealth management showed a very high proportion of cash and deposits, low share of bonds and very few managed funds in Middle Eastern household portfolios.
While 56 percent of GCC investors preferred to keep their investment in cash or very short term investments like bank deposits, 31 percent preferred to invest in regional or home equity markets with 13 percent opting to invest in bonds. The trend clearly shows the risk appetite of regional investors remains low, especially when compared to levels seen before the downturn.
In the GCC wealthy households controlled a majority of wealth with Saudi households controlling 81 percent of private wealth in the country followed by Kuwait with 68 percent, Qatar with 65 percent and the UAE with 63 percent.
For the Middle East as a whole the study observed that women controlled about $500 Billion or 22 percent of private wealth in the region. Offshore wealth from the MENA Region reached $1.4 Trillion, with the major proportion held in the UK, Channel Islands, Dublin and Switzerland.
Within the region Dubai sustains its position as most prominent offshore center in the Arab world, with Saudi Arabia, Turkey, Iran, Kuwait and Russia emerging as the most important origins of offshore wealth in the region.
BCG analysts said the recent political turmoil has reversed the trend towards onshoring wealth in some countries in the Middle East but it did not have any adverse impact in household wealth in the GCC.
"For the more stable Gulf states the onshoring trend continues. Some Gulf jurisdictions, such as Dubai, are now attracting more wealth from other Middle East countries as they act as offshore centers themselves," Markus Massi, Partner and Managing Director at BCG Middle East.
It should be clear that all this wealth in the GCC creates fertile ground for the Mega Project boom we are seeing in the region. Despite the world economic downturn the GCC is still going forward with a huge number of superlative Mega Projects and the overall wealth of the region will allow this growth to continue.
Source for much of the information in this post from:
http://www.cpp-luxury.com/
Sunday, May 29, 2011
Top 25 Most Powerful People In The GCC Mega Project Industry
In this post I will give you the 25 most powerful and influential people in the GCC Mega Project industry. The list originates from an exhaustive study done by ConstructionWeekOnline.com. I think you will find it interesting.
1. Mohammed Alabbar, Chairman, Emaar Properties
2. Ayman Harari, Deputy General Manager, Saudi Oger
3. Bakr bin Laden, Chairman, Saudi Binladen Group
4. Riad Kamal, Chairman & Founder, Arabtec Construction
5. Zuhair Hamed Fayez, Principal & Founder, ZFP Consultants
6. Mohammed Abdul Aziz Al-Shaya, Chairman & Managing Director, Mabanee
7. Mohannad Sweid, CEO, Depa
8. Khaled Musaed Al Seif, Chairman, El Seif Engineering Contracting
9. Adnan Al-Mubarak, General Manager, Black Cat Engineering & Construction
10. Sultan Al Jaber, CEO, Masdar
11. Said T. Khoury, Chairman & President, Consolidated Contractors Co.
12. Farida Kamber Al AwaDhi, Managing Director, Cinmar Design
13. Ali Hassan Kolaghassi, CEO, Saraya Holdings
14. Khalid Al Malik, Group CEO, Dubai Properties Group
15. Abdulrahman Abdulkader Mohammed Fakih, Chairman, Makkah Construction & Development Co.
16. Khaldoun Tabari, Vice Chairman & CEO, Drake & Skull International
17. Dr. P. Mohamed Ali, Founder, Galfar Engineering & Contracting Co.
18. Abdullah M. Al Zamil, CEO, Zamil Industrial Ind Co.
19. Khater Massaad, CEO & Founder, RAK Ceramics
20. Santosh Joseph, CEO & Founder, Dubai Pearl
21. PNC Menon, Chairman, Sobha Developers
22. Fatima Obaid Al Jaber, COO, Al Jaber Group
23. Youssef bin Rashed Al Khater, CEO, Barwa Real Estate
24. Phillipe Dessoy, General Manager, BESIX
25. Mishal Kanoo, Deputy Chairman, Kanoo Group
Other notables include:
> John Bullough, CEO, ALDAR Properties
> Ziad El Chaar, General Manager, DAMAC Properties
> Jonathan Emery, Senior VP of Project Management, Majid Al Futtaim Properties
> Chris O'Donnell, CEO, Nakheel
> Laurie Voyer, Managing Director, Al Habtoor Leighton Group
1. Mohammed Alabbar, Chairman, Emaar Properties
2. Ayman Harari, Deputy General Manager, Saudi Oger
3. Bakr bin Laden, Chairman, Saudi Binladen Group
4. Riad Kamal, Chairman & Founder, Arabtec Construction
5. Zuhair Hamed Fayez, Principal & Founder, ZFP Consultants
6. Mohammed Abdul Aziz Al-Shaya, Chairman & Managing Director, Mabanee
7. Mohannad Sweid, CEO, Depa
8. Khaled Musaed Al Seif, Chairman, El Seif Engineering Contracting
9. Adnan Al-Mubarak, General Manager, Black Cat Engineering & Construction
10. Sultan Al Jaber, CEO, Masdar
11. Said T. Khoury, Chairman & President, Consolidated Contractors Co.
12. Farida Kamber Al AwaDhi, Managing Director, Cinmar Design
13. Ali Hassan Kolaghassi, CEO, Saraya Holdings
14. Khalid Al Malik, Group CEO, Dubai Properties Group
15. Abdulrahman Abdulkader Mohammed Fakih, Chairman, Makkah Construction & Development Co.
16. Khaldoun Tabari, Vice Chairman & CEO, Drake & Skull International
17. Dr. P. Mohamed Ali, Founder, Galfar Engineering & Contracting Co.
18. Abdullah M. Al Zamil, CEO, Zamil Industrial Ind Co.
19. Khater Massaad, CEO & Founder, RAK Ceramics
20. Santosh Joseph, CEO & Founder, Dubai Pearl
21. PNC Menon, Chairman, Sobha Developers
22. Fatima Obaid Al Jaber, COO, Al Jaber Group
23. Youssef bin Rashed Al Khater, CEO, Barwa Real Estate
24. Phillipe Dessoy, General Manager, BESIX
25. Mishal Kanoo, Deputy Chairman, Kanoo Group
Other notables include:
> John Bullough, CEO, ALDAR Properties
> Ziad El Chaar, General Manager, DAMAC Properties
> Jonathan Emery, Senior VP of Project Management, Majid Al Futtaim Properties
> Chris O'Donnell, CEO, Nakheel
> Laurie Voyer, Managing Director, Al Habtoor Leighton Group
Saturday, April 30, 2011
The Mega Developers: Cayan
Cayan is emerging as one of the most avant-garde real estate developers in the GCC. Although not as well known as Emaar, Nakheel, DAMAC or ALDAR, Cayan is developing some of the finest Mega Projects in the GCC with a focus on the Dubai Marina. Cayan's mission is to challenge the world of architecture, luxury and exclusivity and create world class properties.
CAYAN DEVELOPMENTS:
> Infinity Tower--
Type: Residential
Location: Dubai Marina
'Infinity Tower is an 80-storey residential tower that spirals in a smooth curve by an astonishing 90 degrees to give every apartment a stunning view of the sea or marina. Infinity's dynamic twisting shape challenges conventional architecture and redefines standards of luxury. Infinity is also situated in a key location at the mouth of Dubai Marina thus enjoying great views onto the marina, sea and The Palm.'
> Silverene Towers--
Type: Residential
Location: Dubai Marina
'Designed by RMJM, one of the world's top architects, this marvel of architecture offers 35 floors in Tower A and 26 floors in Tower B. It encompasses all the benefits of waterfront living, topped by a unique interior treatment. A captivating glass and mirror effect reflects the blue waters and maximizes the breathtaking view on each floor.'
> The Jewels--
Type: Residential
Location: Dubai Marina
'The architecture of The Jewels is of the very highest level, planned by international award winning designers and architects, RMJM and spearheaded by Hazel Wong, known for her exquisite design on Emirates Towers. The Jewels twin towers rise to an imposing 20 storeys, housing some of the world's finest apartments.'
> Dorrabay--
Type: Residential
Location: Dubai Marina
'Dorrabay is a 22-storey residential Tower strategically located to overlook the beach and the marina; Dorrabay offers a range of panoramic views of the Arabian Sea, marina or boat harbors. The tower's curve design and location at the end of the crossroad between the beach and the marina optimizes the view of all its apartments.'
> Residencia--
Type: Residential
Location: Dubai Marina
'Located at Dubai Marina, La Residencia Del Mar is a brilliant fusion of refined lifestyles, inspired designs and unmatched amenities. With only 14 floors and only 3 apartments per floor residents enjoy total privacy and exclusivity, making it one of the most coveted and exclusive addresses in Dubai.'
> Plaza Residence--
Type: Residential
Location: Jumeirah Village
'A blend of convenience and comfort, in a place where nature is respected and business is a mere stone's throw away. Live in the heart of Dubai's most desirable district. Plaza Residences follows a distinctive plan which ensures that every square foot of space is elegantly laid out. Within the building itself, there's the comfort of a reception lobby, large recreation areas, basement parking for each apartment. Acres of landscaped beauty, including gardens, children's play areas, pools and international shopping arcades are just some of the features that make living a pure joy.'
> Cayan Business Center--
Type: Commercial
Location: Dubai Marina
'Cayan Business Center(CBC) is a 12-storey, ultra modern building designed by leading architects, Schuster Pechtold. This intimidating structure offers offices and its occupants the benefits of spacious, natural-lit areas, high-speed elevators, state-of-the-art ventilation systems, security access and appointed basement parking spaces.'
++ Cayan Headquarters:
Dubai--
12th Floor
Cayan Business Center
TECOM, PO Box 33668
Dubai, UAE
Tel: +971 4 361 9333
Riyadh--
King Fahad Road
Al-Meshal Building
PO Box 75294
Riyadh 11578
Saudi Arabia
Tel: +9661 416 3311
Website: http://www.cayan.net/
CAYAN DEVELOPMENTS:
> Infinity Tower--
Type: Residential
Location: Dubai Marina
'Infinity Tower is an 80-storey residential tower that spirals in a smooth curve by an astonishing 90 degrees to give every apartment a stunning view of the sea or marina. Infinity's dynamic twisting shape challenges conventional architecture and redefines standards of luxury. Infinity is also situated in a key location at the mouth of Dubai Marina thus enjoying great views onto the marina, sea and The Palm.'
> Silverene Towers--
Type: Residential
Location: Dubai Marina
'Designed by RMJM, one of the world's top architects, this marvel of architecture offers 35 floors in Tower A and 26 floors in Tower B. It encompasses all the benefits of waterfront living, topped by a unique interior treatment. A captivating glass and mirror effect reflects the blue waters and maximizes the breathtaking view on each floor.'
> The Jewels--
Type: Residential
Location: Dubai Marina
'The architecture of The Jewels is of the very highest level, planned by international award winning designers and architects, RMJM and spearheaded by Hazel Wong, known for her exquisite design on Emirates Towers. The Jewels twin towers rise to an imposing 20 storeys, housing some of the world's finest apartments.'
> Dorrabay--
Type: Residential
Location: Dubai Marina
'Dorrabay is a 22-storey residential Tower strategically located to overlook the beach and the marina; Dorrabay offers a range of panoramic views of the Arabian Sea, marina or boat harbors. The tower's curve design and location at the end of the crossroad between the beach and the marina optimizes the view of all its apartments.'
> Residencia--
Type: Residential
Location: Dubai Marina
'Located at Dubai Marina, La Residencia Del Mar is a brilliant fusion of refined lifestyles, inspired designs and unmatched amenities. With only 14 floors and only 3 apartments per floor residents enjoy total privacy and exclusivity, making it one of the most coveted and exclusive addresses in Dubai.'
> Plaza Residence--
Type: Residential
Location: Jumeirah Village
'A blend of convenience and comfort, in a place where nature is respected and business is a mere stone's throw away. Live in the heart of Dubai's most desirable district. Plaza Residences follows a distinctive plan which ensures that every square foot of space is elegantly laid out. Within the building itself, there's the comfort of a reception lobby, large recreation areas, basement parking for each apartment. Acres of landscaped beauty, including gardens, children's play areas, pools and international shopping arcades are just some of the features that make living a pure joy.'
> Cayan Business Center--
Type: Commercial
Location: Dubai Marina
'Cayan Business Center(CBC) is a 12-storey, ultra modern building designed by leading architects, Schuster Pechtold. This intimidating structure offers offices and its occupants the benefits of spacious, natural-lit areas, high-speed elevators, state-of-the-art ventilation systems, security access and appointed basement parking spaces.'
++ Cayan Headquarters:
Dubai--
12th Floor
Cayan Business Center
TECOM, PO Box 33668
Dubai, UAE
Tel: +971 4 361 9333
Riyadh--
King Fahad Road
Al-Meshal Building
PO Box 75294
Riyadh 11578
Saudi Arabia
Tel: +9661 416 3311
Website: http://www.cayan.net/
Wednesday, March 2, 2011
Twisting Mega Projects Of The GCC
Some of the most stunning and iconic Mega Projects of the GCC are the twisting towers. These towers, some complete and some still being built, are architectural masterpieces and icons of limitless achievement for the Middle East. Here are the top four.
> Al Tijaria Tower, Kuwait--
- Location: Kuwait City
- Height: 55 Storeys
- Rotation: 45 Degrees
- Status: Completed
- Cost: $95 Million
- Architect: NORR and Al-Jazera
- Developer: Commercial Real Estate Company
This tower, also known as the Kuwait World Trade Centre, was completed last year and has become a GCC icon. The project features office space, a four level retail mall, landscaped roof deck, elevators with panoramic views and much more. Each tower floor plate is rotated about one degree per floor giving the tower its twisting appearance.
> Al Bidda Tower, Qatar--
- Location: West Bay, Doha, Qatar
- Height: 45 Storeys
- Rotation: 60 Degrees
- Status: Completed
- Cost: $82 Million
- Architect: GHD
- Developer: The Platinum Tower Company and Golden Lands
This stunning tower won the prestigious 'Architecture Award For Qatar' in the office space category given by Bloomberg Arabian Property Awards in 2010. Forty three floors of the tower rotate slightly giving Al Bidda Tower its 60 degree twist. I think this is one of Qatar's foremost towers and one of my all time favorites for the region.
> Infinity Tower, Dubai--
- Location: Dubai Marina
- Height: 80 Storeys
- Rotation: 90 Degrees
- Status: Almost Completed
- Cost: $272 Million
- Architect: Skidmore, Owings and Merrill
- Developer: Cayman
Once again Dubai does not disappoint. At 80 storeys Infinity Tower will be one of the the world's tallest twisting towers and is sure to become one of the most iconic towers of Dubai Marina and, in fact, all of the GCC. Infinity Tower is a residential tower and its 90 degree rotation makes it the most twisted of all the towers I am covering in this post.
> Ocean Heights, Dubai--
- Location: Dubai Marina
- Height: 84 Storeys
- Rotation: 33 Degrees
- Status: Completed
- Cost: $172 Million
- Architect: Aedas
- Developer: DAMAC Properties
I really think this tower is fantastic. Although it does not twist as much as the other towers in this post, the overall look of Ocean Heights is stunning! Like Infinity Tower, Ocean Heights is residential and located in Dubai Marina. It is interesting to note that the amount of steel used to build Ocean Heights could build two Eiffel Towers!
The twisting towers of the GCC are some of the most spectacular and iconic Mega Projects in the world. Each one is an architectural monument and a tribute to the forward thinking expansion of the region.
> Al Tijaria Tower, Kuwait--
- Location: Kuwait City
- Height: 55 Storeys
- Rotation: 45 Degrees
- Status: Completed
- Cost: $95 Million
- Architect: NORR and Al-Jazera
- Developer: Commercial Real Estate Company
This tower, also known as the Kuwait World Trade Centre, was completed last year and has become a GCC icon. The project features office space, a four level retail mall, landscaped roof deck, elevators with panoramic views and much more. Each tower floor plate is rotated about one degree per floor giving the tower its twisting appearance.
> Al Bidda Tower, Qatar--
- Location: West Bay, Doha, Qatar
- Height: 45 Storeys
- Rotation: 60 Degrees
- Status: Completed
- Cost: $82 Million
- Architect: GHD
- Developer: The Platinum Tower Company and Golden Lands
This stunning tower won the prestigious 'Architecture Award For Qatar' in the office space category given by Bloomberg Arabian Property Awards in 2010. Forty three floors of the tower rotate slightly giving Al Bidda Tower its 60 degree twist. I think this is one of Qatar's foremost towers and one of my all time favorites for the region.
> Infinity Tower, Dubai--
- Location: Dubai Marina
- Height: 80 Storeys
- Rotation: 90 Degrees
- Status: Almost Completed
- Cost: $272 Million
- Architect: Skidmore, Owings and Merrill
- Developer: Cayman
Once again Dubai does not disappoint. At 80 storeys Infinity Tower will be one of the the world's tallest twisting towers and is sure to become one of the most iconic towers of Dubai Marina and, in fact, all of the GCC. Infinity Tower is a residential tower and its 90 degree rotation makes it the most twisted of all the towers I am covering in this post.
> Ocean Heights, Dubai--
- Location: Dubai Marina
- Height: 84 Storeys
- Rotation: 33 Degrees
- Status: Completed
- Cost: $172 Million
- Architect: Aedas
- Developer: DAMAC Properties
I really think this tower is fantastic. Although it does not twist as much as the other towers in this post, the overall look of Ocean Heights is stunning! Like Infinity Tower, Ocean Heights is residential and located in Dubai Marina. It is interesting to note that the amount of steel used to build Ocean Heights could build two Eiffel Towers!
The twisting towers of the GCC are some of the most spectacular and iconic Mega Projects in the world. Each one is an architectural monument and a tribute to the forward thinking expansion of the region.
Wednesday, December 22, 2010
Richest Arabs 2010
Each year ArabianBusiness.com publishes their World's Richest Arabs list. They do a great job and I like to publish the list on this blog because many of these Super Rich Arabs are directly or indirectly involved with the Mega Projects of the Middle East.
RICHEST ARABS 2010
1. Prince Alwaleed Bin Talal, $20.4 Bil, Saudi Arabia
2. Mohamed Bin Issa Al Jaber, $12 Bil, Saudi Arabia
3. Olayan Family, $11.9 Bil, Saudi Arabia
4. Mohammad Al Amoudi, $10 Bil, Saudi Arabia
5. Issam Alzahid, $10 Bil, Saudi Arabia
6. Bin Ladin Family, $9.8 Bil, Saudi Arabia
7. Nasser Al Kharafi, $8.2 Bil, Kuwait
8. Said Khoury, $7 Bil, Palestine
9. Bugshan Family, $7 Bil, Saudi Arabia
10. Al Ghurair Family, $6.52 Bil, UAE
11. Alshaya Family, $6.5 Bil, Kuwait
12. Al Jaffali Family, $6.2 Bil, Saudi Arabia
13. Kanoo Family, $6.1 Bil, Bahrain
14. Tarek Abdulla Al Quahtani, $6 Bil, Saudi Arabia
15. Mubarak Al Suwaiket, $5.2 Bil, Saudi Arabia
16. Mohamed Abdul Latif Jameel $5.1 Bil, Saudi Arabia
17. Abdullah Al Futtaim, $5.06 Bil, UAE
18. Naghi Family, $5 Bil, Saudi Arabia
19. Majid Al Futtaim, $4.9 Bil, UAE
20. Sulaiman Abdulaziz Al Rajhi, $4.57 Bil, Saudi Arabia
21. Abdullah Al Rushaid, $4.55 Bil, Saudi Arabia
22. Omar Hamad Almana, $4.5 Bil, Qatar
23. Mohammed Sharbatly, $4.1 Bil, Saudi Arabia
24. Mohammad Kamal Jamjoom, $4.02 Bil, Saudi Arabia
25. Bukhamseen Family, $4 Bil, Kuwait
26. Gargash Family, $3.71 Bil, UAE
27. Saad Hariri, $3.7 Bil, Saudi Arabia
28. Sawiris Family, $3.55 Bil, Egypt
29. Ahmed Saleh Baeshen, $3.5 Bil, Saudi Arabia
30. Faisal Al Ayyar, $3.4 Bil, Kuwait
31. Abdullah Bin Saleh Al Othaim, $3.28 Bil, Saudi Arabia
32. Abdullatif Al Fozan, $3.26 Bil, Saudi Arabia
33. Saedan Family, $3.22 Bil, Saudi Arabia
34. Abdulaziz Al Sulaiman, $3.2 Bil, Saudi Arabia
35. Nadhmi Auchi, $3.18 Bil, Iraq
36. Hussein Bakry Gazzaz, $3.17 Bil, Saudi Arabia
37. Osama Ismail Ali Abudawood, $3.1 Bil, Saudi Arabia
38. Mohammed Elkhereiji, $3 Bil, Saudi Arabia
39. Bahaa Hariri, $3 Bil, Saudi Arabia
40. Adel Aujan, $2.9 Bil, Saudi Arabia
41. Al Zamil Family, $2.8 Bil, Saudi Arabia
42. Mansour Ojjey, $2.7 Bil, Saudi Arabia
43. Robert Mouawad, $2.5 Bil, Lebanon
44. Ayman Hariri, $2.4 Bil, Saudi Arabia
45. Issam Fares, $2.4 Bil, Lebanon
46. Mohammad Shafik Gabr, $2.1 Bil, Egypt
47. Abdul Moshen Al Hokair, $2 Bil, Saudi Arabia
48. Ahmed and Hassan Heikal, $1.78 Bil, Egypt
49. Mohammed Alesayi, $1.7 Bil, Saudi Arabia
One thing that really stands out on the list is that Saudi Arabia has many, many more Super Rich Arabs than any other country in the Middle East!
Source:
http://www.arabianbusiness.com/arabian-business-rich-list-2010-367763.html
RICHEST ARABS 2010
1. Prince Alwaleed Bin Talal, $20.4 Bil, Saudi Arabia
2. Mohamed Bin Issa Al Jaber, $12 Bil, Saudi Arabia
3. Olayan Family, $11.9 Bil, Saudi Arabia
4. Mohammad Al Amoudi, $10 Bil, Saudi Arabia
5. Issam Alzahid, $10 Bil, Saudi Arabia
6. Bin Ladin Family, $9.8 Bil, Saudi Arabia
7. Nasser Al Kharafi, $8.2 Bil, Kuwait
8. Said Khoury, $7 Bil, Palestine
9. Bugshan Family, $7 Bil, Saudi Arabia
10. Al Ghurair Family, $6.52 Bil, UAE
11. Alshaya Family, $6.5 Bil, Kuwait
12. Al Jaffali Family, $6.2 Bil, Saudi Arabia
13. Kanoo Family, $6.1 Bil, Bahrain
14. Tarek Abdulla Al Quahtani, $6 Bil, Saudi Arabia
15. Mubarak Al Suwaiket, $5.2 Bil, Saudi Arabia
16. Mohamed Abdul Latif Jameel $5.1 Bil, Saudi Arabia
17. Abdullah Al Futtaim, $5.06 Bil, UAE
18. Naghi Family, $5 Bil, Saudi Arabia
19. Majid Al Futtaim, $4.9 Bil, UAE
20. Sulaiman Abdulaziz Al Rajhi, $4.57 Bil, Saudi Arabia
21. Abdullah Al Rushaid, $4.55 Bil, Saudi Arabia
22. Omar Hamad Almana, $4.5 Bil, Qatar
23. Mohammed Sharbatly, $4.1 Bil, Saudi Arabia
24. Mohammad Kamal Jamjoom, $4.02 Bil, Saudi Arabia
25. Bukhamseen Family, $4 Bil, Kuwait
26. Gargash Family, $3.71 Bil, UAE
27. Saad Hariri, $3.7 Bil, Saudi Arabia
28. Sawiris Family, $3.55 Bil, Egypt
29. Ahmed Saleh Baeshen, $3.5 Bil, Saudi Arabia
30. Faisal Al Ayyar, $3.4 Bil, Kuwait
31. Abdullah Bin Saleh Al Othaim, $3.28 Bil, Saudi Arabia
32. Abdullatif Al Fozan, $3.26 Bil, Saudi Arabia
33. Saedan Family, $3.22 Bil, Saudi Arabia
34. Abdulaziz Al Sulaiman, $3.2 Bil, Saudi Arabia
35. Nadhmi Auchi, $3.18 Bil, Iraq
36. Hussein Bakry Gazzaz, $3.17 Bil, Saudi Arabia
37. Osama Ismail Ali Abudawood, $3.1 Bil, Saudi Arabia
38. Mohammed Elkhereiji, $3 Bil, Saudi Arabia
39. Bahaa Hariri, $3 Bil, Saudi Arabia
40. Adel Aujan, $2.9 Bil, Saudi Arabia
41. Al Zamil Family, $2.8 Bil, Saudi Arabia
42. Mansour Ojjey, $2.7 Bil, Saudi Arabia
43. Robert Mouawad, $2.5 Bil, Lebanon
44. Ayman Hariri, $2.4 Bil, Saudi Arabia
45. Issam Fares, $2.4 Bil, Lebanon
46. Mohammad Shafik Gabr, $2.1 Bil, Egypt
47. Abdul Moshen Al Hokair, $2 Bil, Saudi Arabia
48. Ahmed and Hassan Heikal, $1.78 Bil, Egypt
49. Mohammed Alesayi, $1.7 Bil, Saudi Arabia
One thing that really stands out on the list is that Saudi Arabia has many, many more Super Rich Arabs than any other country in the Middle East!
Source:
http://www.arabianbusiness.com/arabian-business-rich-list-2010-367763.html
Sunday, November 21, 2010
Al Reef Villas, Abu Dhabi
The Al Reef Villas project developed by Manazel Real Estate of Abu Dhabi has become quite popular. Why? Because it offers affordable quality living in Abu Dhabi. As Manazal says: 'The first planned community in the UAE exclusively for the middle income tier of the population, it provides an environment of style and sophistication, with a range of exciting lifestyle options that integrate living, shopping and relaxing - all in one location.' I think this is fantastic-- high quality living AND affordable AND in Abu Dhabi!
Al Reef is divided into 4 different themed communities each with its own style of Villas:
> Arabic Community. 'Villas in the Arabic Community are inspired by regional motifs, applying the art of simplicity and moderation. Rooftop terraces offer the chance to enjoy a traditional Arabian sunset and give your gatherings the unique flavor of the local culture while surrounded by timber pergolas and handrails. The Middle East has never been as vivid as in your own Arabic Villa,' according to Manazal.
> Desert Community. Villas in the Desert Community are built on the singular tradition of desert homes, with monolithic building massing, textured wall finishes, and simple color tones. Open spaces on rooftops connect with landscaped areas, while living rooms open up onto private gardens.
> Contemporary Community. These Villas are very modern structures with clean geometric lines and carefully considered proportions all coming together to create a modern look appealing to today's modern lifestyle.
> Mediterranean Community. Villas in the Mediterranean Community integrate indoor and outdoor spaces to enable maximum enjoyment of the terrace and garden areas, which are central to the Mediterranean lifestyle. The arched openings, molding-framed windows, and timber shutters are assembled into a sophisticated architectural composition that is reminiscent of cultures that have developed on the edges of the sea.
Also part of the project is Al Reef Downtown. This area contains 46 apartment buildings offering studio, 1, 2 and 3 bedroom apartments. Amenities include outdoor balconies, private ground floor courtyards, 24-hour security services, resort style swimming pools, state of the art gymnasiums, secure children's play areas and dedicated parking facilities.
In addition, Al Reef Downtown contains a complete Town Square featuring retail, commercial and community facilities including:
- Luxury Hotel,
- Supermarkets,
- Malls,
- Shops of all kinds,
- Restaurants and Cafes,
- Health Clubs,
- Medical Centers,
- Schools,
- Mosques.
"The Al Reef development will be a master development encompassing a whole new community, with all the necessary facilities and services for its citizens. Residents will enjoy the nearby shopping malls, supermarkets, outdoor markets, dedicated community services and many recreation areas," said Mohammed Al Qubaisi, Chairman of Manazal Real Estate.
Al Reef Villas is truly a top notch Mega Project that brings affordable first class Abu Dhabi living to everyone.
This link takes you to the Al Reef Villas website:
http://www.alreefvillasabudhabi.com/
Al Reef is divided into 4 different themed communities each with its own style of Villas:
> Arabic Community. 'Villas in the Arabic Community are inspired by regional motifs, applying the art of simplicity and moderation. Rooftop terraces offer the chance to enjoy a traditional Arabian sunset and give your gatherings the unique flavor of the local culture while surrounded by timber pergolas and handrails. The Middle East has never been as vivid as in your own Arabic Villa,' according to Manazal.
> Desert Community. Villas in the Desert Community are built on the singular tradition of desert homes, with monolithic building massing, textured wall finishes, and simple color tones. Open spaces on rooftops connect with landscaped areas, while living rooms open up onto private gardens.
> Contemporary Community. These Villas are very modern structures with clean geometric lines and carefully considered proportions all coming together to create a modern look appealing to today's modern lifestyle.
> Mediterranean Community. Villas in the Mediterranean Community integrate indoor and outdoor spaces to enable maximum enjoyment of the terrace and garden areas, which are central to the Mediterranean lifestyle. The arched openings, molding-framed windows, and timber shutters are assembled into a sophisticated architectural composition that is reminiscent of cultures that have developed on the edges of the sea.
Also part of the project is Al Reef Downtown. This area contains 46 apartment buildings offering studio, 1, 2 and 3 bedroom apartments. Amenities include outdoor balconies, private ground floor courtyards, 24-hour security services, resort style swimming pools, state of the art gymnasiums, secure children's play areas and dedicated parking facilities.
In addition, Al Reef Downtown contains a complete Town Square featuring retail, commercial and community facilities including:
- Luxury Hotel,
- Supermarkets,
- Malls,
- Shops of all kinds,
- Restaurants and Cafes,
- Health Clubs,
- Medical Centers,
- Schools,
- Mosques.
"The Al Reef development will be a master development encompassing a whole new community, with all the necessary facilities and services for its citizens. Residents will enjoy the nearby shopping malls, supermarkets, outdoor markets, dedicated community services and many recreation areas," said Mohammed Al Qubaisi, Chairman of Manazal Real Estate.
Al Reef Villas is truly a top notch Mega Project that brings affordable first class Abu Dhabi living to everyone.
This link takes you to the Al Reef Villas website:
http://www.alreefvillasabudhabi.com/
Friday, October 15, 2010
Sowwah Island, Abu Dhabi
Sowwah Island is yet another of the great Abu Dhabi Island Mega Projects. Others include Reem Island, YAS Island and Saadiyat Island. Sowwah Island is a 114 hectare mixed use Mega Project being developed by Mubadala that will become Abu Dhabi's Central Business District. The island is being developed in 3 phases. Sowwah Island occupies a unique location between Abu Dhabi's existing downtown district as well as Reem Island, Mina Zayed and Saadiyat Island. Due to this fantastic location Sowwah Island becomes a natural hub for Abu Dhabi-- a vibrant core combined with landmark architecture seamlessly integrated into the fabric of the city by state of the art multi-tiered transport infrastructure.
Phase 1 of Sowwah Island, Sowwah Square, will be the center of the entire project. Launched in the summer of 2007 and with its first phase to be completed next year, Sowwah Island's four office towers and multiple 5-star hotels flank the capital's new Abu Dhabi Securities Exchange (ADX) building, in a striking waterfront grouping that creates a strong business and hospitality hub for the island.
Four 30 to 36 storey landmark office towers will provide 180,000 sqm of high quality office space and about 37,000 sqm of retail and F&B space beneath the central square. Two 5-star luxury and business hotels, Rosewood Abu Dhabi and Four Seasons Hotel Abu Dhabi, will overlook the water on either side of the distinctive new headquarters building of the ADX. The Rosewood will be 34 storeys and will consist of 6 luxury penthouses, 189 guest rooms and 131 serviced apartments. The hotel will also feature 20,000 sqm of meeting spaces, a business center, extensive amenities and retail spaces. The Four Seasons will offer 190 deluxe rooms and 125 apartments as well as a rooftop pool and garden. Conference and meeting facilities and a variety of high end restaurants will also be part of the hotel.
A 364 bed multi-speciality hospital, Cleveland Clinic Abu Dhabi, is also being built on Sowwah Island and will be located next to Sowwah Square. The hospital will be a center for healthcare excellence in the region and will attract patients from all over the region and all over the globe. Clinic specialities will include cardiac and vascular medicine, neurology, respiratory and critical care, gastroenterology and ophthalmology.
Phase 2 of Sowwah Island will develop the southern and central part of the island with mixed use residential and commercial buildings with a strong focus on community facilities, public open spaces and landscaped parks. Phase 3 of Sowwah Island has not yet been revealed by the developer.
A working population of more than 12,000 in the towers will bring the area to life in the open spaces and waterfront promenades of Sowwah Square's landscaped public areas designed by one of America's leading landscape architects, Martha Schwartz. In the evening the multi-layered transport network will connect the Square's retail and entertainment outlets to the city in it entirety.
The presence of such a high profile anchor tenant like the ADX is an indication of how important Sowwah Square is to the blue chip institutions of the region. Mubadala, the developer of Sowwah Island, has a goal of creating a development that will be home to leading businesses from all over the world.
Large investors in Sowwah Island include The National Bank of Abu Dhabi (NBAD) and Al Hilal Bank. They have taken up the first two of twelve plots available in Sowwah Island's first phase. The banks will each be building an office tower. The other ten plots are at an advanced stage of negotiation.
I think Sowwah Island will be one of the most important of the Abu Dhabi Mega Projects. This is because Sowwah will be the primary business center for Abu Dhabi and Abu Dhabi is one of the most oil rich and cash rich regions on the planet. Thus a state of the art business district is primary for Abu Dhabi's continued development and expansion.
Here is a link to Mubadala, the developer of Sowwah Island:
http://www.mubadala.ae
Phase 1 of Sowwah Island, Sowwah Square, will be the center of the entire project. Launched in the summer of 2007 and with its first phase to be completed next year, Sowwah Island's four office towers and multiple 5-star hotels flank the capital's new Abu Dhabi Securities Exchange (ADX) building, in a striking waterfront grouping that creates a strong business and hospitality hub for the island.
Four 30 to 36 storey landmark office towers will provide 180,000 sqm of high quality office space and about 37,000 sqm of retail and F&B space beneath the central square. Two 5-star luxury and business hotels, Rosewood Abu Dhabi and Four Seasons Hotel Abu Dhabi, will overlook the water on either side of the distinctive new headquarters building of the ADX. The Rosewood will be 34 storeys and will consist of 6 luxury penthouses, 189 guest rooms and 131 serviced apartments. The hotel will also feature 20,000 sqm of meeting spaces, a business center, extensive amenities and retail spaces. The Four Seasons will offer 190 deluxe rooms and 125 apartments as well as a rooftop pool and garden. Conference and meeting facilities and a variety of high end restaurants will also be part of the hotel.
A 364 bed multi-speciality hospital, Cleveland Clinic Abu Dhabi, is also being built on Sowwah Island and will be located next to Sowwah Square. The hospital will be a center for healthcare excellence in the region and will attract patients from all over the region and all over the globe. Clinic specialities will include cardiac and vascular medicine, neurology, respiratory and critical care, gastroenterology and ophthalmology.
Phase 2 of Sowwah Island will develop the southern and central part of the island with mixed use residential and commercial buildings with a strong focus on community facilities, public open spaces and landscaped parks. Phase 3 of Sowwah Island has not yet been revealed by the developer.
A working population of more than 12,000 in the towers will bring the area to life in the open spaces and waterfront promenades of Sowwah Square's landscaped public areas designed by one of America's leading landscape architects, Martha Schwartz. In the evening the multi-layered transport network will connect the Square's retail and entertainment outlets to the city in it entirety.
The presence of such a high profile anchor tenant like the ADX is an indication of how important Sowwah Square is to the blue chip institutions of the region. Mubadala, the developer of Sowwah Island, has a goal of creating a development that will be home to leading businesses from all over the world.
Large investors in Sowwah Island include The National Bank of Abu Dhabi (NBAD) and Al Hilal Bank. They have taken up the first two of twelve plots available in Sowwah Island's first phase. The banks will each be building an office tower. The other ten plots are at an advanced stage of negotiation.
I think Sowwah Island will be one of the most important of the Abu Dhabi Mega Projects. This is because Sowwah will be the primary business center for Abu Dhabi and Abu Dhabi is one of the most oil rich and cash rich regions on the planet. Thus a state of the art business district is primary for Abu Dhabi's continued development and expansion.
Here is a link to Mubadala, the developer of Sowwah Island:
http://www.mubadala.ae
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