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Syria signs $7 bn energy deal with Qatari, Turkish, US consortium

Syria signs $7 bn energy deal with Qatari, Turkish, US consortium

Daily Tribune2 days ago

Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, US and Turkish companies as it seeks to rehabilitate its war-ravaged electricity sector.
The agreement was signed at the Syrian presidential palace in the presence of interim President Ahmed al-Sharaa and US envoy for Syria Thomas Barrack. It is expected to generate 5,000 megawatts, covering half of the country's electricity needs.

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Ordinary billionaires settle for a superyacht, but the Qatari royal family bought an entire marina in Spain and upgraded it just so their $500 million megayacht can dock in secrecy on their frequent summer retreats from Doha's blistering heat
Ordinary billionaires settle for a superyacht, but the Qatari royal family bought an entire marina in Spain and upgraded it just so their $500 million megayacht can dock in secrecy on their frequent summer retreats from Doha's blistering heat

Gulf Insider

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Ordinary billionaires settle for a superyacht, but the Qatari royal family bought an entire marina in Spain and upgraded it just so their $500 million megayacht can dock in secrecy on their frequent summer retreats from Doha's blistering heat

This week, one of the most extraordinary vessels on the water, Al Lusail, the private superyacht of the Emir of Qatar, was spotted sailing along Spain's Mediterranean coast, drawing awe from onlookers and yacht enthusiasts alike. The 123-meter floating palace made a quiet return to Port Tarraco Marina, one of the few Mediterranean ports specifically equipped to accommodate vessels of its scale and stature. Interestingly, the port was previously owned by Qatar. Designed for privacy, security, and world-class luxury, Al Lusail is among the most technically advanced and visually distinctive superyachts in the world. Built by the renowned German shipyard Lürssen and delivered in 2017, the vessel boasts sleek, futuristic lines penned by British design studio H2 Yacht Design, with a lavish interior by March & White. The yacht features multiple swimming pools, a helipad, cinema, beach club, and expansive lounges tailored for relaxation and discreet meetings at sea. Though full details remain a closely guarded secret, Al Lusail is believed to accommodate up to 36 guests in absolute comfort, attended to by a highly trained crew. Its arrival at Port Tarraco, located in Tarragona just an hour south of Barcelona, is more than a picturesque stop along the Mediterranean. The marina itself has a quiet but notable history, originally developed with the capacity and infrastructure to berth some of the world's largest private vessels, Al Lusail included. In fact, while not officially confirmed, industry insiders often suggest that the marina's impressive specifications were influenced, at least in part, by the needs of the Qatari royal fleet during its original development in the early 2000s. With 33 berths ranging from 45 to 160 meters, Port Tarraco is one of the few facilities in Spain and indeed the broader region that can comfortably receive multiple 100-meter-plus yachts at once. Its deep-water access, high-capacity shore power, and advanced security systems make it ideal for ultra-high-net-worth individuals seeking discretion, safety, and elite service. It was indirectly under the ownership of the Emir after it was purchased by the Qatari Diar Fund in 2011. Despite its past ties to Qatari investment via the Qatari Diar Fund, the port was sold in 2020 to Spanish marina operator Ocibar, who now manage it alongside other premier facilities such as Port Adriano and Marina Botafoc. Click here to read more…

Syria signs $7 bn energy deal with Qatari, Turkish, US consortium
Syria signs $7 bn energy deal with Qatari, Turkish, US consortium

Daily Tribune

time2 days ago

  • Daily Tribune

Syria signs $7 bn energy deal with Qatari, Turkish, US consortium

Syria signed a $7 billion energy deal on Thursday with a consortium of Qatari, US and Turkish companies as it seeks to rehabilitate its war-ravaged electricity sector. The agreement was signed at the Syrian presidential palace in the presence of interim President Ahmed al-Sharaa and US envoy for Syria Thomas Barrack. It is expected to generate 5,000 megawatts, covering half of the country's electricity needs.

Dubai Metro Blue Line Set To Ease Traffic Congestion In The City
Dubai Metro Blue Line Set To Ease Traffic Congestion In The City

Gulf Insider

time3 days ago

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Dubai Metro Blue Line Set To Ease Traffic Congestion In The City

Dubai's Roads and Transport Authority (RTA) has recently launched the Dubai Metro Blue Line project. It marks the landmark expansion of the Dubai's metro network designed to improve urban mobility, reduce road congestion, and support sustainable development. Set to open on September 9, 2029, marking the 20th anniversary of the Red Line which was also opened on September 9, 2009, the 30-kilometre Blue Line will link key residential and commercial areas, ultimately serving nearly one million people. The Dh20.5 billion project was awarded to a consortium of top Turkish and Chinese firms, MAPA, LIMAK, and CRRC, following an international tender process involving 15 global infrastructure specialists. 'The Blue Line marks a major milestone in Dubai's journey toward becoming the world's best city to live in,' said Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors at the RTA. 'This project builds on the outstanding success of the Dubai Metro, which has transported nearly 2.5 billion riders since its launch in 2009 and remains the backbone of the city's public transport system,' he said during the official announcement ceremony of the Blue Line last year. Al Tayer said that the new line supports the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan, offering sustainable mobility solutions that improve quality of life and promote economic growth. The Blue Line will comprise two main routes designed to ensure seamless integration with the existing Red and Green Metro lines. A 21-kilometre section connecting Al Khor (Green Line) to Academic City via 10 stations A 9-kilometre section connecting Centrepoint (Red Line) to International City via 4 stations Route 1 (Green Line connection) Begins at Al Khor Interchange Station on the Green Line in Al Jaddaf and passes through the Dubai Festival City, Dubai Creek Harbour, Ras Al Khor, International City 1, International City (2) and (3), Dubai Silicon Oasis and Dubai Academic City and terminating at Al Ruwaiyah 3 Depot. This line will be 21 kilometres long with 10 stations. Route 2 (Red Line Connection): Route 2 to of the Blue Line starts at Centrepoint Interchange Station on the Red Line in Al Rashidiya and will pass through Mirdif, Al Warqaa and International City (1) where it will connect to Route 1. Total length of this line is 9 kilometres with four stations. 'These routes were carefully selected to connect Dubai's most populous and fastest-growing areas,' Al Tayer explained earlier. 'By linking existing metro lines, we are creating a truly integrated transport network that supports Dubai's vision of a smart, sustainable, and inclusive city,' he added. The Blue Line will introduce several signature elements: A 1.3-km bridge over Dubai Creek, the first of its kind for the Metro A showpiece station at Dubai Creek Harbour, designed by world-renowned architectural firm SOM International City (1) — the largest underground interchange station in the network, covering over 44,000 square meters and handling up to 350,000 passengers daily. It will connect high-density residential and commercial zones, directly serving approximately 1 million residents by 2040. All stations and infrastructure will comply with platinum-grade green building standards, setting a benchmark for eco-friendly transit projects in the region. Easing traffic congestion The Blue Line is expected to reduce traffic congestion by 20% on major corridors, increase property values by up to 25% around metro stations and deliver Dh56.5 billion in economic and environmental returns by 2040. Connect directly to Dubai International Airport, enabling travel times of just 10—25 minutes between key locations. 'The Blue Line is not just about moving people. It is about empowering communities, enhancing connectivity, and supporting sustainable urban growth,' Al Tayer stated. Capacity With a projected capacity of 46,000 passengers per hour in both directions and train intervals of just two minutes, the Blue Line is designed to accommodate 200,000 daily riders by 2030 and 320,000 daily riders by 2040. Upon completion, Dubai's train system, including metro and tram, will span 131 kilometres with 78 stations, solidifying Dubai's position as home to the world's longest driverless metro network. A dedicated train depot will also be constructed in Al Ruwaiyah 3 to support operations and maintenance. Iconic Creek Harbour Station A standout feature of the project is the iconic Dubai Creek Harbour station, designed by renowned architecture firm Skidmore, Owings & Merrill (SOM), the team behind landmarks like the Burj Khalifa and Chicago's Willis Tower. The station will span over 10,800 square metres and serve up to 160,000 passengers per day. Another engineering marvel is the International City (1) station — the metro network's largest underground interchange, designed to accommodate 350,000 daily passengers across more than 44,000 square metres. Key highlights The Blue Line is a 30-kilometre extension of the Dubai Metro network, comprising: 15.5km of underground track 14.5km of elevated track 14 new stations, including 3 interchange stations

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