September deadline for Hatta cable car bids
13 July 2023
State utility Dubai Electricity & Water Authority (Dewa) has extended the bid deadline to 14 September for the cable car system and the hotel main works package at the Dubai Summit Complex (DSC) in the Hatta Mountains.
The previous deadline was 31 July. The bidders include:
- United Engineering Construction (local)
- Strabag (Austria)
- Besix (Belgium)
France’s EDF and Dewa have developed the concept, with France’s Groupe-6 involved in architecture and interior design and Terrell and DCSA Ingenieurs Consiel, also from France, providing engineering services.
The cable car scheme was announced as a 5.4-kilometre system to reach the Umm al-Nesoor mountain peak at 1,300 metres, the highest point in Dubai.
The design includes three cable car stations, a hotel and a visitor centre, and a mountain-top viewing station with a retreat hotel. The concept is planned around the hydroelectric storage plant developed by Dewa and situated between the base and intermediary stations overlooking the two lakes.
Hatta is a key area of focus for Dubai’s tourism investments. In January 2022, Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum, crown prince of Dubai and chairman of the Dubai Executive Council, formed a supreme committee to oversee development in the region.
The committee is tasked with attracting investments into Hatta from the public and private sectors and local and international companies.
The Hatta development plan, launched in 2016, was valued at about AED1.3bn ($354m) and focused on creating three main areas: economy and services, tourism and sports, and culture and education.
The cable car system and hotels are among the six projects launched in August 2022 by Sheikh Mohammed bin Rashid al-Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, as part of the 2016 project programme.
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Chinese firms win $506m Saudi housing project deals18 June 2026
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Saudi Arabia’s Municipalities & Housing Ministry has awarded contracts worth over SR1.9bn ($506m) to Chinese contractors for two residential developments in the kingdom.
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Diriyah Company tendered the contract in November last year, with submissions due in January, as MEED reported.
Diriyah Company Group CEO Jerry Inzerillo said: “We are delighted to announce this latest major construction contract for the Waldorf Astoria superblock as we continue to progress at pace across the Diriyah development area. The Waldorf Astoria will be a world-class addition to our growing portfolio of globally renowned hospitality brands, further strengthening Diriyah’s appeal as a globally significant destination that offers world-class hospitality and lifestyle experiences.
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AHS Properties acquires Shangri-La hotel for $300m17 June 2026
Dubai-based real estate developer AHS Properties has announced the acquisition of the Shangri-La hotel for AED1.1bn ($300m), marking one of the largest single-asset real estate transactions in recent years.
AHS Properties acquired the hotel from local firm Mismak Asset Management.
The Shangri-La Hotel is a 43-storey, 200-metre tower located on Sheikh Zayed Road. Completed in 2003, it was among the first five-star hotels to open along the corridor.
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Commentary
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The insurance gap has been a key obstacle to the recovery of aviation and tourism. Several countries continue to maintain advisories against travel to the Gulf, making it difficult or impossible for visitors to obtain conventional cover for trips to or through the region. The concern is twofold: one, becoming stranded should hostilities resume, and two, not being able to secure medical insurance. Both Emirates and Etihad have now moved to address that directly, offering insurance to passengers flying to or through their respective home hubs. The Etihad scheme, backed by DCT Abu Dhabi and underwritten by Daman, will run from July to December and covers eligible visitors for up to 15 days.
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