Construction

Scaling construction technology is less about discovering new tools and more about changing what the industry values, panellists at PropTech Connect Middle East

Engineer Hamzeh Awwad, CEO of AJi Group, shares how the firm is reshaping the Gulf’s infrastructure landscape through innovation, sustainability, and smart design

Once completed, the venue is expected to host over 200 performances annually, spanning theatre, music, digital art, and international productions

The IPO, priced at Dhs1.40 per share, valued ALEC at Dhs7bn ($1.91bn) and attracted around Dhs30bn ($8.1bn) in orders, more than 21 times oversubscribed

The project signed with Mira Developments will include one of the region’s largest shopping malls, a business complex, hotels, world-class golf courses and educational institutions

Shares are expected to begin trading on the Dubai Financial Market (DFM) on or around October 15 under the symbol “ALEC”

The project builds on the developer’s philosophy of human-centered design, creating homes that promote wellness, community and long-term value

Since its IPO in March, the company has rewarded shareholders with over $300m through dividends and share buybacks, with total dividends increasing 20.7 per cent year-on-year to $51.8m

Key traffic diversions have been introduced in the Mirdif area to facilitate construction, prompting authorities to urge residents to plan ahead

Deputy managing director Charl Broummana on the company’s turnkey approach, commitment to quality, and plans to expand