Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Economy
 Print  Send This Page
Save Listen to this Article
RTA awards Dh38m contracts for Al Qusais, Al Quoz roads   

Emirates 24/7 - 20 May, 2012

The Board of Directors of the Roads & Transport Authority (RTA) has endorsed in a meeting chaired by Mattar Al Tayer, Chairman of the Board and Executive Director of the RTA, the awarding of two contracts for constructing internal roads at Al Qusais 3, and Al Qouz-4 at a cost of Dh38 million.

The move comes in the context of RTA efforts to improve roads network to accommodate the growing needs of the demographic & urban expansion seen by the Emirate under RTA's vision of providing Safe & Smooth Transport for All.

"The two projects represent the initial phase of the 5-Year Plan 2012-2016 endorsed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, for paving internal roads at several residential districts in Dubai Emirate at a cost of about one billion dirham.

“The initial phase of the Plan covers five residential communities namely: Hatta and Al Qusais 3 in addition to Al Qouz 2, 3 and 4," said Al Tayer.

"The Internal Roads Project at Al Qusais 3, which covers an area of 225 hectares, encompasses the construction of roads extending 6 km along with street lighting works and the construction of parking slots for some mosques and public schools in the area.

“Al Qusais 3 has a vibrant demographic activity with urbanization rate exceeding 60 per cent in the area. Construction works in the Project, which costs about Dh23 million, is set to start in June this year and takes about 9 months to complete.

"The Project of Constructing Internal Roads at Al Qouz 4 comprises the construction of roads extending 8 km, and lighting & parking works along with storm-water drainage services, at a cost of 15 million dirham.

“Construction works are set to start this week and the project is scheduled for completion in the first half of 2013.

"Early this month, the RTA awarded a contract for constructing internal roads at Al Warqaa 1, 2, 3 and 4 at a cost of about AED156.631 million.

“The Project includes construction and lighting works of roads stretching 125 km; comprising the construction of 89 km-long roads, and improvements on existing roads extending 36 km.

“It also includes the construction of roadside parking slots, parking works for some mosques and public schools in the area, and all necessary road works such as road marking, and traffic signals," elaborated Al Tayer.

The 5-Year Plan (2012–2016) for Constructing Internal Roads at Residential Districts in Dubai Emirate covers the construction of internal roads in about 16 areas where urbanization rates range from 20 to 80 per cent, though drop in some areas to as low as 5 per cent.

Phase I of the Project, the cost of which is about AED150 million, covers five residential communities namely: Hatta and Al Qusais 3 in addition to Al Qouze 2, 3 and 4. Phase II, which will start in 2013 at a cost of about 140 million dirham, covers three residential districts namely; Muhaisna 2, and Al Barsha South 1 and 2. Phase III, which starts in 2014 at a cost of about 130 million dirham, covers Al Mamzar, Al Nahdah 1, and Oud Mateena 2. Phase IV, which starts in 2015 and costs about 140 million dirham, covers the construction of roads in 3 districts: Nad El Sheba 4, Oud Mateena 1, and Khawaneej 2. Phase V, which starts in 2016 at a cost of 250 million dirham, covers road works in Jebel Ali Industrial Area 1, Al Qusais Industrial Areas 3, 4 & 5, and Al Awir 1.
 
Saudi Arabia: Interest rate outlook, 2013-15
Source : Samba  
Date : 2013-05-23
In this note we consider the outlook for Saudi interest rates, given their importance to businesses and consumers, and the fact that the key interbank rate, SIBOR, has moved higher...
GCC Markets Monthly - May 2013
Source : Gulf Investment Corporation  
Date : 2013-05-23
Global Economy grew by 2.3% q‐o‐q in Q1 2013 mainly due to improved growth in EM economies. However, China’s growth dropped to 7.7%. Commodity prices witnessed correction as fears of...
Weekly Economic Update: Gulf One Investment Bank
Source : Gulf One Investment Bank  
Date : 2013-05-23
For the first time since April 2008, the US recorded its biggest fiscal surplus highlighting the importance of the recent tax increase and budget cuts that are helping to bring...
Real Estate Market Commentary
Source : Kuwait Financial Centre - Markaz  
Date : 2013-05-23
According to CBRE, the residential sector remains upbeat with rental rates increasing by 4% since the previous quarter. Average 2 BR rents in established residential locations grew by 27% Y-o-Y....
GCC Markets Performance – April 2013
Source : Global Investment House  
Date : 2013-05-23
Global equity markets, although improved, were dull on weak economic data released in April. GDP growth in the US at 2.5% in 1Q13 was disappointing against consensus expectations of 3.1%....
GCC: positive outlook despite oil price dip
Source : National Bank of Kuwait  
Date : 2013-05-23
The recent dip in oil prices to around $100 has raised concerns about the impact on the region's economy. But for us, the fall was broadly anticipated and does not...
Saudi Aramco engineers enrich knowledge at filtration forum
Source : Saudi Gazette  
Date : 2013-05-23
A recent first-of-its-kind event has sought to enrich the technical knowledge of Saudi Aramco engineers and help them exchange experiences with international players in the oil and gas processing industry....
Small-time firms brave odds to lure clients, lenders say
Source : Saudi Gazette  
Date : 2013-05-23
A number of Saudi investors who have large-scale businesses that offer loans say their small-time counterparts are giving them tough competition in attracting customers....
GCC Equity Monitor: Global
Source : Global Investment House  
Date : 2013-05-23
Emaar's stock price closed at AED5.61. The price fulfilled its Fibonacci Retracements level from AED11.95 – AED1.74 at AED5.63 (38.2%) and promise to witness further strength towards AED6.08 (50% level)...
SAGIA to sustain business friendly environment
Source : Saudi Gazette  
Date : 2013-05-23
The Saudi Arabian General Investment Authority’s (SAGIA) board of directors discussed a number of topics including the Kingdom’s efforts in sustaining a strong business friendly environment while attracting investments that...
Jubail refinery to be commissioned
Source : Saudi Gazette  
Date : 2013-05-23
Saudi Aramco Total Refining & Petrochemicals (SATORP) is half way through commissioning its refinery in Jubail, and expects it to be fully operational by the end of the year....
Saudi Economic Developments; First Quarter, 2013
Source : Saudi Arabian Monetary Agency  
Date : 2013-05-23
Broad money (M3) rose by 2.4 percent (RIs 33.4 billion) to Rls 1,427.2 billion during the first quarter of 2013 compared to a rise of 6.4 percent (Rls 83.7 billion)...
Turkey expects 400,000 Saudi tourists in 2013
Source : Arab News  
Date : 2013-05-23
Turkey is seeking to attract 400,000 Saudi tourists this year, according to a Turkish diplomat in the Kingdom....
Qatar Monthly Monitor: QNB
Source : Qatar National Bank  
Date : 2013-05-23
Qatar's overall balance of payments rebounded from a deficit of US$14bn in 2011 to a surplus US$16bn in 2012 (Fig 1). The 2011 deficit was mainly due to direct, portfolio...
Kuwait Oil price down to USD 99.55 pb
Source : Kuwait News Agency  
Date : 2013-05-23
Price of Kuwaiti crude oil dropped USD 1.26 to USD 99.55 per barrel on Wednesday compared to USD 100.81 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday....
USD rate stabilizes vis a vis Kuwaiti dinar
Source : Kuwait News Agency  
Date : 2013-05-23
Exchange rate of the US dollar remained unchanged at KD 0.286 while the euro dropped against the Kuwaiti dinar to KD 0.368, said the Central Bank of Kuwait (CBK) on...
Oil Market Report - May 2013
Source : Global Investment House  
Date : 2013-05-23
WTI crude oil price rose by 3.9% during the review period (12 May-12 Apr 2013) to USD92.16 per barrel, spurred on by better-than-expected economic data in the United States that...
GCC program finances numerous projects in Gaza Strip
Source : Kuwait News Agency  
Date : 2013-05-23
Numerous projects funded by the Gulf Cooperation Council (GCC) Program for the reconstruction of several provinces in the Gaza Strip were announced here on Thursday....
MENA Hospitality Update: April 2013
Source : Taameer  
Date : 2013-05-23
The hotel industry in MENA exhibited strong performance in February 2013. Occupancy rate grew to 66.4% from 62.4% in February 2012, while ADR rose 2.9% to $ 176.55 compared to...
April Inflation Update; Food inflation continues to accelerate
Source : Jadwa Investment Company  
Date : 2013-05-23
Saudi annual CPI inflation slightly increased to 4 percent in April compared with 3.9 percent in the previous three months. It slightly eased to 0.2 percent on a monthly basis....
Total 491 Results in 25 Pages
1 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.ae
Thu May 23, 2013| 13-رجب-1434هـ
Salman, Erdogan discuss Mideast
IDB increases its capital from $ 45 bn to $ 150 bn
Iran speeds up installation of nuclear equipment: IAEA
UAE adds power to mobile broadband
Kerry warns Syria's Assad against rejecting political solution
Iraq aims to boost oil output
Saudi Foreign Minister says Iran indulging in deception
Slow progress of projects puts Kuwait stock boom at risk
Iraqi PM orders army shake-up after attacks
New GCC tobacco tax could fuel growth of illicit trade
Bahrain spots Iranian drone in its airspace
SAMA considers regulating mortgage rates
Ahmadinejad to fight ally's poll ban
Arabtec workers end strike
Kuwaiti speaker insists no political crisis
Qatar bourse back on positive trajectory
    Newspaper Editorials
Pyongyang's Beijing route
US immigration deal
More>>  
    Opinions
All-Out Civil War in Iraq?
Ghosts of Iraq
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    Reports
US Goals and Strategies toward the Arab World
More>>  
    Bank Reports
Saudi Arabia: Interest rate outlook, 2013-15
GCC Markets Monthly - May 2013
More>>  
    GRC Analysis
Building a Strong Saudi-Japan Relationship
Poor Gulf: Inequality and the Lack of Statistics
Whither GCC-US Relations?
    GRC Commentary
On Relations between Rulers and Citizens: The Need for a New Social/Political Contract in the GCC States
Key Issue Facing the Saudi Ruling House.
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Asia-Gulf Economic Relations in the 21st Century: The Local to Global Transformation
Assessment of the Security Situation in Iran, Iraq, Yemen, Syria and the Arab Gulf States
China in the Eyes of the Saudi Media
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:3  |   43-- 46 Middle Page :0  --   | Right : 46 - 46--en--sess-enreq-en-coming