Latest news with #urbandevelopment
Zawya
2 days ago
- Business
- Zawya
Egypt, China ink integrated operation, maintenance agreement for CBD in New Capital
Arab Finance: The New Urban Communities Authority (NUCA) and an Egyptian-Chinese alliance represented by Horizon Management Company have signed an integrated operation and maintenance agreement for the Central Business District (CBD) in Egypt's New Administrative Capital, as per a statement. Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny described the agreement as a major step in the modernization of public utility management in Egypt. He said the new model, known as Cost + Margin, strikes a balance between maintaining service quality and ensuring operational sustainability, while preserving state oversight through budget approvals and performance reviews. The agreement covers the management and maintenance of core infrastructure including electricity and water networks, fire systems, and other critical utilities. It also extends to public cleaning, security and safety services, green space upkeep, and environmental monitoring. El-Sherbiny noted that the agreement mandates full compliance with technical specifications and legal standards by all service providers. It includes a system of financial and technical oversight, regular performance monitoring, budget reviews, and the preparation of detailed evaluation reports submitted to the NUCA. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
Egypt: Heliopolis Company for Housing to develop 766 Feddans in Hadayek Al-Asima as part of expansion strategy
Egypt - Heliopolis Company for Housing and Development has announced plans to develop 766 feddans in Hadayek Al-Asima, a key urban expansion area in East Cairo, as part of its broader strategy for sustainable growth and urban development. Sameh El-Sayed, CEO and Managing Director of the company, stated that the project is envisioned as a fully integrated urban community, combining residential neighborhoods with essential services and public facilities, all aligned with the highest standards of sustainability and modern planning. 'This development reflects a new phase for Heliopolis Company—one driven by smart partnerships, integrated planning, and a strong commitment to sustainable growth,' El-Sayed said. He also highlighted that the company is actively advancing a self-development plan across 600 feddans in New Heliopolis City, which includes a mix of residential, commercial, and administrative projects. The first phase is expected to launch in summer 2025. In parallel, the company has signed several agreements with leading real estate developers to accelerate development across New Heliopolis, which spans more than 5,400 feddans and is considered the natural extension of the historic Heliopolis district. The announcement was made during a ceremony attended by Prime Minister Mostafa Madbouly, commemorating the 120th anniversary of Heliopolis Company for Housing and Development. The event, themed 'Heliopolis: A Timeless Heritage and a Promising Future,' was held at the iconic Granada Palace in Heliopolis—one of the company's most distinguished assets. Founded in 1905 by Baron Empain, the company remains one of Egypt's oldest and most influential real estate developers. Today, it continues to build on its legacy through innovative projects that shape the future of urban living in Egypt.
Yahoo
3 days ago
- Business
- Yahoo
6 vanished Sacramento landmarks reshape the city's memory
Stories by Sacramento Bee journalists, with AI summarization Sacramento's cityscape has shifted as famed sites like the original Tower Records building make way for modern developments such as new five-story apartment complexes with retail space. The beloved Capital Athletic Club downtown now hums to fresh life as the Capital YMCA, offering renovated facilities and attracting former and new members alike. Grand movie theaters like the Alhambra and Fox Senator once drew crowds but have largely vanished, replaced by office towers and housing, while only a few, like the Tower Theatre and Crest Theatre, continue to operate. The closure of downtown staples such as the Macy's department store and the uncertain future of landmarks like the Renaissance Tower and the Sacramento Zoo's relocation plans reveal ongoing debates about how Sacramento balances its historic legacy with changing economic demands and community needs. Each vanished landmark leaves memories and influences decisions about what the city will become next. The YMCA is in the early stages of its renovation before its grand opening early in 2025. | Published September 20, 2024 | Read Full Story by Chris Biderman It was the city's tallest building for a time. | Published October 21, 2024 | Read Full Story by Annika Merrilees In 1973, a decades-old cinema was demolished in favor of a Safeway grocery store. | Published November 2, 2024 | Read Full Story by Graham Womack A new residential future on Broadway is taking shape – and it has some scale. | Published November 9, 2024 | Read Full Story by David Caraccio What's next for Sacramento's downtown Macy's building? | Published January 14, 2025 | Read Full Story by Annika Merrilees 'We truly believe that ending the Elk Grove project is the most responsible choice for the long-term sustainability and success of the zoo,' the CEO said. | Published April 30, 2025 | Read Full Story by Darrell Smith Marcus D. Smith The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Yahoo
5 days ago
- Business
- Yahoo
Industrial Reels Market Report 2025 - Global Forecast to 2030: Steel Reels Set to Dominate in Durability and Load-Bearing Capacity
The global industrial reels market is forecasted to grow from USD 0.50 billion in 2025 to USD 0.62 billion by 2030, at a CAGR of 4.4%, driven by increased demand for efficient cable, hose, and wire management across industries like construction, transportation, and manufacturing. Steel reels dominate this market due to strength, durability, and cost-efficiency. The construction segment is expected to grow fastest, propelled by urban development and energy projects. China leads the Asia Pacific market, backed by manufacturing advancements and digitization. Major players include Hannay Reels Inc., Reelcraft Industries, and Coxreels. The report offers a competitive analysis and insights on market dynamics, opportunities, and challenges. Industrial Reels Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Industrial Reels Market by Hose Reel, Cable Reel, Static Grounding Reel, Rewind Type (Manual Crank, Electric, Hydraulic, Pneumatic), Power Supply Management, DEF Dispensing, Construction & Infrastructure, Refuelling Stations - Global Forecast to 2030" has been added to offering. The global industrial reels market is projected to reach USD 0.62 billion by 2030 from USD 0.50 billion in 2025, at a CAGR of 4.4% The report helps market leaders and newcomers gain insights into revenue approximations for the overall industrial reels market and its subsegments. Stakeholders can understand the competitive landscape to better position their businesses and devise go-to-market strategies. It also provides insights into the market pulse, outlining the key drivers, restraints, challenges, and opportunities. The demand for industrial reels is increasing due to the rise in the need for effective cable, hose, and wire management across various sectors, including construction, utilities, transportation, and manufacturing. As operations become more automated and safety regulations tighten, industrial reels are recognized for preventing tangling, reducing wear, and enhancing workplace safety. The growing infrastructure development and the expansion of renewable energy projects contribute to an unprecedented demand for reliable energy and robust transmission systems. The use of industrial reels enhances equipment mobility and simplifies maintenance, further fueling market growth. Steel segment to hold largest market share during forecast period The steel segment is expected to dominate the industrial reels market due to its superior strength and durability, making it ideal for demanding applications in sectors such as oil & gas, construction, and transport. Steel reels exhibit exceptional load-bearing capacities and withstand extreme temperatures and challenging environmental conditions both indoors and outdoors. The introduction of modern corrosion-resistant materials like galvanized and stainless steel also supports market growth as they offer greater tensile strength, longevity, and cost efficiency compared to lighter alternatives like aluminum and plastic. Construction & infrastructure segment to grow at highest CAGR This segment is forecasted to grow rapidly during the period due to increasing global investments aimed at urban development, enhanced transportation systems, and advancing energy projects. Industrial reels are essential on construction sites for managing electrical cables, hoses, and fluids and for operations like welding, fueling, lubrication, and tooling. Reels also improve health and safety standards, reduce downtime, and maximize efficiency. As governments fund megaprojects, the demand for stronger and more flexible reels will lead to significant market expansion. China to dominate industrial reels market in Asia Pacific China is poised to lead in the Asia Pacific market for industrial reels, driven by its push towards manufacturing, modernization, and automation. Initiatives such as Made in China 2025 and investments in advanced machinery stimulate the demand for power, fluid, and cable management reels. Government fiscal and digitalization policies further advocate the use of smart manufacturing systems, positioning industrial reels as integral to optimizing efficiency and safety. China's manufacturing prowess, combined with a focus on infrastructure development and green technologies, cements its role as a key growth engine in the region. Reasons to Buy This Report Analysis of key drivers, restraints, opportunities, and challenges influencing market growth Product Development/Innovation: Detailed insights into upcoming technologies, R&D activities, and new product launches Market Development: Comprehensive details about lucrative markets across varied regions Market Diversification: Information on new products, services, untapped geographies, and investments Competitive Assessment: Detailed growth strategies and service offerings of leading market players Key Attributes: Report Attribute Details No. of Pages 170 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $0.5 Billion Forecasted Market Value (USD) by 2030 $0.62 Billion Compound Annual Growth Rate 4.4% Regions Covered Global Market Dynamics Drivers Growth in Construction and Infrastructure Projects Increasing Investments in Microgrid Projects Restraints High Initial Costs and Maintenance Expenses Opportunities Rise of EV Charging Infrastructure Rising Demand for Fire Safety and Emergency Response Equipment Challenges Corrosion Challenges in Harsh Environments Company Profiles Hannay Reels Inc. Reelcraft Industries Cavotec SA Coxreels Nederman Holding Ab United Equipment Accessories, Inc. Cejn Ab Hubbell Winkel GmbH Sankyo Reels, Inc. The Ericson Manufacturing Co. Conductix-Wampfler GmbH Paul Vahle GmbH & Co. KG Molex Hartmann & Konig Stromzufuhrungs AG Zeca S.P.A. Gartec Ltd. Demac S.R.L. Raasm S.P.A. Princetel, Inc. Hose Tech USA Duro Manufacturing, LLC, LLC Reeltec Unique Welding & Fabricating Limited Schneider Electric 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 Industrial Reels 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 +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
6 days ago
- Business
- Trade Arabia
Rua Al Madinah signs design contract for prime Saudi mixed-use project
Rua Al Madinah Holding, a unit of Saudi soverign wealth fund PIF, has signed a master plan design contract with DLR Group Middle East, a leading urban planning and architectural design consultant, for its premium project Dar Al Hijra. The masterplan aims to transform the project land, covering nearly 1 million sq m into a mixed-use urban development. It will feature thousands of residential units, along with leasable commercial spaces, educational institutions, and healthcare facilities. The plan supports Madinah's future needs by enhancing infrastructure, improving quality of life, and offering a modern urban model that reflects Madinah's status as a global urban hub, said a statement from the Saudi PIF company. The signing ceremony for the Dar Al Hijra masterplan design contract was held under the patronage of Prince Salman bin Sultan bin Abdulaziz, Governor of Madinah. The event was attended by Rua Al Madinah Holding Chairman Naif bin Saleh Al Hamdan and CEO Engineer Ahmed Al Juhani. Speaking on the occasion, Al Hamdan said: "Rua Al Madinah Holding is steadily progressing toward its vision of developing integrated real estate projects with sustainable economic and social impact, aligned with the ambitions of Saudi Vision 2030, and contributing to an enhanced quality of life for both residents and visitors of Madinah. "This step is part of the ongoing backing from the kingdom's wise leadership for urban transformation and sustainable development projects in Madinah," he stated. Eng Al Juhani said the signing of the masterplan design contract represents a key milestone in the development of Dar Al Hijra project. "It complements the ongoing construction and development works, including the company's headquarters, as well as hotel and office buildings spanning 168,000 sq m with overall progress now exceeding 50%," he added.
