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Imdaad diversifies services at major Dubai projects
Imdaad, the leading provider of comprehensive Facilities Management Services in the UAE, has adopted more environment-friendly methods while delivering diversified services to the high profile communities in Dubai.
Dubai eyes $1.2bn Limitless loan rollover – sources
The state-owned firm, which rattled global markets when it requested a delay on $26 billion of debt linked to its main property units Nakheel and Limitless World last November, has been negotiating with an unofficial bank coordinating committee.
Limitless loan to roll over like other Dubai debt
Dubai World’s lenders have rolled over billions in maturities since May 2009 and a pending $1.2 billion loan payment for its Limitless property unit will also get extended, people familiar with the matter said on Tuesday.
Dubai World Limitless makes payment on $1.2bn loan – banker
Bankers said that Dubai World’s property unit Limitless on Thursday paid creditors interest for a $1.2bn loan due at the end of this month, according to a Zawya Dow Jones.
Bidding starts for Arabian Canal phase 2 contracts
Tristar Transport & Contracting is carrying out the excavation of part of the 75km long canal, including removing more than 200 million cubic metres of earth to be re-used to create new landscapes, including valleys and hills up to 70 metres high.
Limitless appoints Tristar for Arabian Canal earthworks
Ian Raine, Project Director, Arabian Canal, said: “Construction of our 75km Arabian Canal is a mammoth task, so we are splitting the earthworks into around 10 different packages. Tristar will work on phase one, and the tender for the second phase will be released shortly.”
Dh224b Arabian Canal to reshape New Dubai
Up to 150 metres wide and six metres deep, the canal will flow inland from Dubai Waterfront, passing to the east of the new Dubai World Central International Airport before turning back towards Palm Jumeirah.
Arabian Canal excavations on hold
The future of Dubai’s 75km-long Arabian Canal mega-project was under threat this week after the client suspended the next stage of the procurement process for excavation work. Developer Limitless had invited tenders for the second of 10 phases of earthworks contracts for the £7.5bn mega-waterway project in October 2008.
