YBA Kanoo in deal Developer revives key project

Gulf Daily News Wednesday, 10th December 2014
Nominations open for
eGovernment awards
MANAMA: Nominations have
opened for the eighth eGovernment
Excellence Award 2015 and can
be filed until January 25 next year,
the organising committee has announced.
This year’s awards programme
rewards excellence in three sectors – Government, Multi-Sector and
Four categories of awards will be
given under the Government sector:
Best eContent, Best eService, Best
eProject and eParticipation.
The Multi-Sector has four categories:
Best Application for Smart Devices,
eEntrepreneur, eEconomy and eNGO,
whereas the Individuals sector has two
categories: Best eConcept and eCitizen.
The winners will be announced during the official opening of Bahrain
International eGovernment
based on a citizen’s effecBusiness Forum 2015.
tive participation by the highThe forum will be held
est number and volume of
from March 9 to 12.
transactions conducted on the
Deputy Prime Minister
eGovernment portal during
and Supreme Committee
the last year.
The awards aim to enhance
Communication Technology
the kingdom’s image as a
chairman Shaikh Mohammed
major destination that boosts
bin Mubarak Al Khalifa will
initiatives in the field of inforhonour the winners at the
mation and communications
technology (ICT).
n Shaikh
It will also highlight the
Authority (eGA) has reactiremarkable innovations that
vated the website www.egovaward.bh contribute to raising global competifor all who wish to nominate their pro- tiveness through the development of
jects, said a statement.
innovative ICT solutions and strengthThe website will help identify the ening its infrastructure in line with the
categories, along with the necessary eGA strategy.
information about the submission pro“Due to the growth of the sector, we
cess. SIRE Advert GDN Quarter Page 12.7x18cm
have expected a high-level of competi09 December
The eCitizen selection will be decided
tion this
year due to the number of pro-
jects participated in previous award,”
eGA director of business systems and
information technology Dr Khalid Al
Mutawa said.
“The eGovernment Excellence
Award plays a vital role in opening doors for entrepreneurs in the
field of technology, which is aligned
with eGA programme,” said Dr Al
As part of the award preparations,
the organising committee has organised workshops in order to provide an
overview of the standards required to
make the participants eligible to enter
the competition.
The participants will later benefit from the feedback given by the
committee to develop their future
projects, especially since the jury
includes local as well as international
Your dream home in reality...
n At the signing of the deal are, Mr Kanoo, left, and Apex
Properties managing director Majid Al Khan
YBA Kanoo in deal
...made possible by Star International Real Estate
Star International Real Estate is offering fully and semi-furnished
apartments and villas available for rent and for sale in the most
desirable locations in Bahrain. Our properties include inner city sanctuaries, to luxurious
properties with waterfront access. These are some of the properties that are available:
Semi-furnished 4 bedroom villa,
5 bathrooms, a living room, a dining room,
2 kitchens, maid’s room, and a laundry room.
Fully landscaped all for BD 290,000 /- Ref. VI82
Semi-furnished 2 bedroom , 2 bathroom
apartment with appliances included and
a car park all for BD 130,000/- Ref. AP50
Semi furnished 2 bedroom townhouse, T
3 bathrooms, overlooking play ground
for BD600/- Exclusive. Ref. VI79
View our listing in the classified
section of the GULF DAILY NEWS
Brand new apartments with a sea view
and a built up area of 117-235 sq.m.
starting from BD44,800-84,500/-
Brand new semi-furnished 4 bedroom villa,
5 bathrooms, and a parking space for 4 cars
for BD 470,000/- Ref. VI75
Semi-furnished 4 bedroom villa,
6 bathrooms, 2 living rooms, and 2 kitchens
for BD1,400/- Ref. VI83
Contact us for FREE Find-a-Property Services
T: +973 1729 8210 E: [email protected]
MANAMA: Yusuf Bin Ahmed Kanoo (YBA Kanoo) has appointed Apex
Properties as its property management agent for the Kanoo Tower.
The two have entered into an agreement for the management of the
24-storey commercial tower.
The property management service package that Apex will provide
includes setting up the management system, operations, staff training,
security, cleaning, landscaping, and facility maintenance.
YBA Kanoo director of corporate communications Nabeel Kanoo
said the Kanoo Tower, which is in a prime location in Manama, is
expected to be a landmark for the business community.
“Through the deal the group is forging a new business relationship
with Apex Properties, he added.
New Scotland
Yard HQ sold
to UAE firm
LONDON: London’s police
sold their New Scotland Yard
headquarters for £370 million
pounds ($578.90m) yesterday
to an Abu Dhabi investment
firm, the latest part of the British capital to be snapped up by
foreign investors.
The Metropolitan Police
Service (MPS) said in
September that it would put its
New Scotland Yard headquarters, famed for its revolving
triangular sign, on the market,
listing the site with a guide
price of £250m.
The move is part of wider
cost-saving measures at Britain’s
largest police force, which is
relocating to a smaller site.
Abu Dhabi Financial Group
paid £120m above the listed price. The central London
location is to be turned into a
development including luxury
apartments in what the firm
said it hoped would become a
new London landmark.
“The new site will be one
of the most important redevelopment projects undertaken
in Central London this decade, replacing a world famous
headquarters with a world class
development,” said group chief
executive Jassim Alseddiqi.
Foreign investors have
poured money into London as
a safe haven while other markets like the euro zone have
But they have been criticised
for inflating London property costs – house prices have
jumped by some 20 per cent
over the past year.
The 56,000sqm site has
been home to the Metropolitan
Police Service since 1967 and
becomes the latest prime bit of
London real estate to spark the
interest of foreign investors.
In recent weeks, a BrazilianLebanese billionaire has
bought one of London’s most
famous modern landmarks, the
Gherkin office tower, and foreign investors have made a bid
for the owner of Canary Wharf,
London’s eastern financial district.
London’s police authority
will use the funds to help balance its budget and invest into
equipping officers with body
cameras and tablets as well
as investing in buildings and
computer systems.
Developer revives key project
DUBAI: Omniyat Group began work on a 48-storey tower in Dubai Maritime City yesterday, the
first residential building under construction at the
long-delayed project as developers bet the emirate’s renewed property boom is sustainable.
Dubai rents had risen for 10 straight quarters before falling one per cent in the third
quarter, property consultants CBRE reported in
September, and prices are now back up around
their 2008 peaks.
Work on dozens of building projects has
resumed and new developments announced,
sparking fears Dubai could repeat the boom-bust
cycle that left thousands of investors out of pocket and some facing financial ruin. Developers,
however, remain bullish.
“I don’t feel there’s oversupply, we will see
sustainable growth rather than the large jumps
seen in the last two years,” Mahdi Amjad, chief
executive of Dubai’s Omniyat Group, said.
“You need to focus on the fundamentals and
Dubai has demonstrated that its financials are
very strong – tourism, trade, the attraction Dubai
has globally – Dubai’s real estate market is much
more mature than it was before.”
His company broke ground on the 225-unit
tower in Dubai Maritime City, which the developer valued at 600 million dirhams ($163m) and
predicted would be finished in 2017. The City,
first announced in 2003 and slated to be completed by 2012, is part of DryDocks World, which
restructured $2.2 billion of debt in 2012.