REAL ESTATE-

ESG’s Royal Development Holding rolls out phase two of AED 1.6 bn project: Emirates Stallions Group’s newly-launched development firm Royal Development Holding is launching the second phase of its AED 1.6 bn residential project in Al Reem Island in partnership with Emirati developer Saas Properties, according to a press release (pdf). Phase one of the Seamont Autograph Collection Residences was launched back in June.

About phase two: The waterfront project’s second phase will include waterfront units, including one- to three-bedroom apartments, duplexes, penthouses, and four-bedroom townhouses. Overall, the project will deliver a total 497 units and completion is slated for 4Q 2028. Its first phase sold out completely in July, Khaleej Times reported at the time.

LOGISTICS-

Adnoc integrates AI into petroleum port operations: Adnoc Logistics and Services is rolling out an AI-powered smart port solution across its petroleum ports in the UAE in a bid to enhance operational efficiency, state news agency Wam reports. The firm has reportedly rolled out the system at five of its key petroleum ports — Das, Zirku, Mubaraz, Ruwais, and Jebel Dhana.

What we know: Developed by port management information system Innovez One, the solution features real-time marine tracking, streamlines resource allocation, reduces vessel turnaround time from three hours to 45 seconds, and increases jetty utilization by 20%. The solution is also expected to save around AED 3.5 mn in operational costs by 2028.

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