Latest news with #Estidama
Al Etihad
3 days ago
- Business
- Al Etihad
Aldar unveils Dh 40 bn Fahid Island, Abu Dhabi's first coastal wellness destination
2 June 2025 21:03 ABU DHABI (WAM) Aldar unveiled on Monday the master plan for Abu Dhabi's next iconic island destination, Fahid Island, which has an 11km coastline and a gross development value of over Dh 40 billion. With 4.6km of pristine beachfront on one side of the island and serene mangrove forests on the other, the island is a wellness sanctuary offering a seamless connection to the part of the 2.7 million sqm island is no more than a five-minute walk to the water's edge, creating a vibrant island culture complete with refined coastal residences, curated leisure, and 5-star hospitality. Aldar has also partnered with a leading international institution to introduce an elevated education experience to Fahid Island in line with Abu Dhabi's vision to become a regional hub for excellence in education. The school will become an integral part of the community, providing a key differentiator for family life on the between Abu Dhabi's most desirable lifestyle destination, Yas Island, and its cultural centre, Saadiyat Island, Fahid Island is where entertainment and culture meet wellness. A celebration of contrasts, the island offers a unique mix of city and sand, retail and relaxation, energy and serenity, and all with exceptional connectivity – Yas Island's thrilling theme parks, Saadiyat Island's Cultural District, and Zayed International Airport are all accessible in under 15 Al Mubarak, Chairman of Aldar said: 'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE. Fahid Island is the latest chapter in that journey—building on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design."Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: 'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors. With a gross development value of over Dh 40 billion, Fahid Island is one of the largest mixed-use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit.''Fahid Island is the world's first Fitwel-certified island, highlighting the health-focused design of the destination. The island has also received LEED City and Communities Platinum precertification and is targeting an Estidama 3-Pearl rating. In addition, the masterplan has been thoughtfully designed to ensure and promote eco-friendly mobility and connectivity, with pedestrian bridges linking the two sides of the island, as well as a streetscape designed to prioritise foot traffic paired with a shading strategy using innovative design for outdoor thermal has engaged some of the world's most renowned architects to design the island's residential offering, including Japanese architects Kengo Kuma and Koichi Takada who have designed two separate residential concepts on the island. Further residential developments are being designed by London headquartered ACME and UAE-based NAGA Architects. More than 6,000 luxury residences are planned for the island, ranging from apartments and townhouses to ultra-luxury villas. The first residential development to be introduced on Fahid Island - Fahid Beach Residences -sets a new standard for exclusive beachfront living in Abu Dhabi. This limited collection of seven buildings, each featuring 65 residences, reflects a carefully crafted approach to privacy and world-class design.
Yahoo
6 days ago
- Business
- Yahoo
UAE Paints & Coatings Industry Report 2025: Market Trends, Competition, Forecast & Opportunities, 2020-2030 - Technological Advancements and Innovation Bolster Growth
Key opportunities in the UAE Paints & Coatings Market include the rising demand for eco-friendly products driven by sustainability initiatives and regulatory standards. The Dubai 2040 Urban Master Plan accelerates growth in protective coatings, while innovations in low-VOC and AI-enabled solutions meet evolving consumer and compliance needs. UAE Paints & Coatings Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "UAE Paints & Coatings Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The UAE Paints & Coatings Market was valued at USD 613.85 Million in 2024, and is expected to reach USD 962.84 Million by 2030, rising at a CAGR of 7.63% This market encompasses products used for surface protection, decoration, and enhancement across sectors such as construction, automotive, marine, aerospace, and consumer goods. Paints and coatings are developed using pigments, binders, solvents, and additives to offer durability, weather resistance, and aesthetic appeal. The Dubai 2040 Urban Master Plan, which aims to expand land allocation for commercial and residential projects by 168%, is a significant catalyst driving demand for protective and decorative coatings. Additionally, the UAE's growing emphasis on sustainable construction and green building practices is encouraging the development of eco-friendly, high-performance coating technologies tailored to withstand harsh climatic conditions and meet regulatory standards. Technological Advancements and Innovation Technological innovation is a crucial force shaping the UAE Paints & Coatings Market. With a strong focus on sustainability and environmental regulations, the region is encouraging the adoption of advanced coating technologies such as low-VOC and water-based formulations. Approximately 70% of new buildings in the UAE adhere to green building codes, creating substantial demand for eco-friendly coatings that comply with LEED and Estidama certifications. The incorporation of nanotechnology has significantly enhanced coating properties - offering improved resistance to scratches, heat, and UV exposure - especially important in the region's desert environment. These innovations not only increase product lifespan and reduce maintenance but also support sustainability objectives and align with national standards for environmental safety and efficiency. Regulatory Compliance and Sustainability Standards Compliance with environmental regulations poses a substantial challenge for the UAE Paints & Coatings Market. As the government enforces stricter controls on emissions, labeling, and the use of hazardous substances, manufacturers must adapt through innovation and reformulation. The Emirates Authority for Standardization and Metrology (ESMA) governs many of these standards, ensuring products meet environmental and performance benchmarks. To remain competitive, producers must invest in R&D to create coatings with reduced environmental impact while maintaining durability and cost-effectiveness. Sustainability has become a purchasing priority for end-users, especially in construction and government projects. This growing demand for certified green products compels companies to balance innovation, cost, and compliance, which can be both resource-intensive and complex. Shift towards Eco-friendly and Sustainable Solutions A major trend in the UAE Paints & Coatings Market is the growing preference for sustainable and environmentally friendly products. With enhanced environmental awareness and regulatory oversight, industries are increasingly adopting low-VOC, water-based, and bio-based coating solutions. The UAE's Smart City and sustainability initiatives are also influencing this shift, with over 500 construction tech startups across MENA driving the development of AI-enabled coating tools and smart formulations. Leading projects like Dubai Sustainable City and Masdar City highlight the country's push toward green urbanization. Consumer demand for long-lasting, energy-efficient, and recyclable products is prompting manufacturers to invest in sustainable innovations, including coatings with renewable content and lower carbon footprints. These products help meet both consumer expectations and government mandates aligned with the UAE's Energy Strategy 2050, which targets 50% clean energy reliance. Report Scope: Key Market Players: Akzo Nobel N.V. PPG Industries Inc. Coatings GmbH RPM International Inc. Axalta Coating Systems Ltd. Nippon Paint Holdings Group Kansai Paint Co., Ltd Hempel A/S Jotun A/S Masco Corporation UAE Paints & Coatings Market, By Technology: Water based Solvent based UAE Paints & Coatings Market, By Resin: Acrylic Alkyd Polyurethane Epoxy Polyester Others UAE Paints & Coatings Market, By Sales Channel: Direct Indirect UAE Paints & Coatings Market, By End Use: Architectural Industrial Infrastructure UAE Paints & Coatings Market, By Region: Dubai Abu Dhabi Sharjah Rest of UAE Key Attributes: Report Attribute Details No. of Pages 89 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $613.85 Million Forecasted Market Value (USD) by 2030 $962.84 Million Compound Annual Growth Rate 7.6% Regions Covered United Arab Emirates For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment UAE Paints & Coatings Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Zawya
22-04-2025
- Business
- Zawya
Oman: MSX holds dialogue on promising companies market
MUSCAT: Muscat Stock Exchange (MSX) recently convened a meeting with brokerage firms to explore the development of its new 'Promising Companies Market,' a platform designed to attract private and family-owned businesses, SMEs, and startups with a minimum market value of RO 500,000. The initiative aims to provide these companies with access to diverse financing options through the capital market, helping them expand and adopt robust governance standards to ensure long-term sustainability. The meeting brought together heads of brokerage departments from across the sector, alongside officials from MSX. Key discussion points included the conceptual framework of the new market, listing mechanisms, disclosure obligations, the role of intermediaries, and technical and regulatory considerations. Badr bin Hamoud al Hinai, Chief Operating Officer at MSX, emphasised the strategic importance of engaging brokerage firms: 'The Muscat Stock Exchange is committed to forming strong partnerships with brokerage firms due to their essential role in boosting market efficiency. This dialogue reflects our broader commitment to fostering a more advanced and integrated investment environment.' He added that the new market represents a milestone in creating a secure and agile platform for SMEs to secure funding, highlighting the role of intermediaries in raising awareness, supporting listings, and connecting companies with investors. Majida al Hanaei, Director of the Incentive Program Initiative under the National ProgramME for Financial Sustainability and Financial Sector Development (Estidama), gave an in-depth presentation on the new platform. She outlined the key features, including listing requirements, qualified investors, the role of brokers, and the listing process itself. 'This market is tailored to the unique needs of promising companies, offering a flexible and regulated environment that facilitates disclosure and operational efficiency,' said Al Hanaei. 'It supports the objectives of the Estidama program by enhancing economic diversification and giving entrepreneurs more effective access to financing.' The session concluded with a call for greater coordination among all stakeholders to ensure the success of the Promising Companies Market and establish it as a key driver of growth and innovation within Oman's evolving business landscape. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
21-04-2025
- Business
- Observer
MSX holds dialogue on promising companies market
BUSINESS REPORTER MUSCAT, APRIL 21 Muscat Stock Exchange (MSX) recently convened a meeting with brokerage firms to explore the development of its new 'Promising Companies Market,' a platform designed to attract private and family-owned businesses, SMEs, and startups with a minimum market value of RO 500,000. The initiative aims to provide these companies with access to diverse financing options through the capital market, helping them expand and adopt robust governance standards to ensure long-term sustainability. The meeting brought together heads of brokerage departments from across the sector, alongside officials from MSX. Key discussion points included the conceptual framework of the new market, listing mechanisms, disclosure obligations, the role of intermediaries, and technical and regulatory considerations. Badr bin Hamoud al Hinai, Chief Operating Officer at MSX, emphasised the strategic importance of engaging brokerage firms: 'The Muscat Stock Exchange is committed to forming strong partnerships with brokerage firms due to their essential role in boosting market efficiency. This dialogue reflects our broader commitment to fostering a more advanced and integrated investment environment.' He added that the new market represents a milestone in creating a secure and agile platform for SMEs to secure funding, highlighting the role of intermediaries in raising awareness, supporting listings, and connecting companies with investors. Majida al Hanaei, Director of the Incentive Program Initiative under the National ProgramME for Financial Sustainability and Financial Sector Development (Estidama), gave an in-depth presentation on the new platform. She outlined the key features, including listing requirements, qualified investors, the role of brokers, and the listing process itself. 'This market is tailored to the unique needs of promising companies, offering a flexible and regulated environment that facilitates disclosure and operational efficiency,' said Al Hanaei. 'It supports the objectives of the Estidama program by enhancing economic diversification and giving entrepreneurs more effective access to financing.' The session concluded with a call for greater coordination among all stakeholders to ensure the success of the Promising Companies Market and establish it as a key driver of growth and innovation within Oman's evolving business landscape.
Arab News
15-04-2025
- Business
- Arab News
Sustainability drives business excellence across region: PwC
As governments and businesses across the Middle East drive forward their economic transformation agendas, PwC Middle East has released a new report that explores the key role of sustainability in shaping future-ready business strategies. PwC Middle East's latest report, 'Embracing sustainable transformation: The path to business excellence' provides valuable insights into how leading organizations embed sustainability into their transformation journeys, enhancing efficiency, resilience and long-term value for stakeholders. The report comes at a pivotal time, as national visions such as Saudi Arabia's Vision 2030 and We the UAE 2031 drive the integration of environmental and social impact considerations into core business practices, an essential step toward achieving sustainable growth in the region. Riyadh Al-Najjar, PwC Middle East chairman of the board and Saudi Arabia country senior partner, said: 'Saudi Arabia's transformational journey demonstrates how economic diversification, business growth, and sustainable development can go hand in hand. As the Kingdom creates new industries, unlocks innovation and enables a more inclusive, sustainable future for generations to come — businesses have a unique opportunity to align with this vision by embedding sustainability into their corporate strategies, operations, and culture.' From aviation to urban development and industrial manufacturing, organizations align their sustainability goals to future-proof operations and deliver impact. The report features real-world examples of this shift in action: •Saudi Aramco advances industrial transformation through investments in carbon capture technologies and expanding its renewable energy portfolio. •Etihad Airways enhances fuel efficiency and invests in sustainable aviation fuels to align with the UAE's decarbonization goals. •Aldar Properties incorporates sustainability into its project development strategy, achieving high Estidama ratings for efficient urban development. •Masdar City stands as a model of sustainable urban development, offering a free zone with attractive tax incentives and access for businesses focused on clean energy solutions. Tamer Elleisi, PwC Middle East transformation management consulting partner, said: 'Embedding sustainability at the core of transformation enables businesses to unlock long-term value and strengthen their competitive advantage. In our region, it's clear that sustainability works best when it's part of the bigger picture, integrated into the way businesses grow, innovate, and lead.' The initiatives support an evolving financial landscape. Compared to 2023, 2.5 times more companies in the region now plan to access green loans and bonds, reflecting a broader shift toward sustainable financing models that support national and global environmental priorities. Despite this momentum, organizations still face critical challenges in embedding sustainability into transformation projects. Findings from last year's 'Sustainability in the Middle East' report show that one in three executives cited a lack of internal skills and sustainability expertise as a significant barrier. Additionally, 22 percent of respondents pointed to the absence of supportive government policies, while 19 percent flagged conflicting regulations across jurisdictions, emphasizing the need for harmonized policy frameworks to enable cross-border progress. Many businesses also struggle with integrating sustainability goals into broader corporate strategies, managing sustainability-related data effectively, and securing necessary funding for long-term initiatives. To address these barriers, PwC's approach focuses on three core lenses: strategic, operational, and cultural, designed to embed sustainability into every aspect of transformation at scale. The strategic lens aligns sustainability with transformation objectives to unlock financial returns and long-term value. The operational lens embeds sustainable practices into day-to-day processes, leveraging AI, data, and circular economy principles to enhance agility and reduce environmental impact. The cultural lens promotes a sustainability-first mindset, driven by leadership commitment, employee upskilling, and organizational change. Together, these three lenses enable organizations to lead with purpose, ensuring sustainability is not just a parallel track but a central driver of successful, future-ready transformation projects. From ESG-aligned KPIs to sustainable value chains, the report provides a clear framework for businesses to drive impact. As the region moves toward a low-carbon, inclusive economy, the report underscores the urgency for both private and public sector organizations to transition from ambition to execution, leading with purpose, agility, and impact.
