{"id":100441,"date":"2025-02-06T00:00:00","date_gmt":"2025-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/almal-development-targets-growth-in-bali-and-thailand\/"},"modified":"2025-02-06T00:00:00","modified_gmt":"2025-02-06T00:00:00","slug":"almal-development-targets-growth-in-bali-and-thailand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/06\/almal-development-targets-growth-in-bali-and-thailand\/","title":{"rendered":"Almal Development targets growth in Bali and Thailand"},"content":{"rendered":"<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- <\/strong><strong>Almal<\/strong><strong> Development<\/strong><strong> eyes local and southeast Asia expansion:<\/strong> Dubai-based investment and development firm <a target=\"_blank\" href=\"https:\/\/www.almal-investments.com\/\" style=\"\" rel=\"noopener\">Almal Real Estate Development<\/a> is planning to expand into new verticals and international markets as part of its growth plan for the next five years, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84-%D9%84%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A-%D8%AA%D8%B3%D8%AA%D8%B9%D8%AF-%D9%84%D8%B9%D9%85%D9%84%D9%8A%D8%A9-%D8%AA%D9%88%D8%B3%D8%B9-%D9%83%D8%A8%D9%8A%D8%B1%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D9%88%D8%A7%D9%84%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-lo1kagz7\" style=\"\" rel=\"noopener\">press release<\/a>. The firm will expand into Bali and Thailand to develop residential community projects for both local and international clients, and will also grow its predominantly residential portfolio to encompass commercial projects, including a business center project they have named Smart Space in the UAE, to meet <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd9bb64e-48dc-4002-bfed-c3774b147fd6\/commercial-property-market-expected-to-outperform-hong-kong%25e2%2580%2599s-as-demand-for-office-space-rises-in-2025\" style=\"\" rel=\"noopener\">growing demand<\/a> for office space. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">#2- <\/strong><strong style=\"background-color: transparent;\">Work <\/strong><strong style=\"background-color: transparent;\">starts<\/strong><strong style=\"background-color: transparent;\"> on AED 100 mn Kasco + Evolutions project: <\/strong><a target=\"_blank\" href=\"https:\/\/www.kascogroup.com\/about-us\" rel=\"noopener\">Kasco Group<\/a><span style=\"background-color: transparent;\"> \u2019s real estate arm <\/span><a target=\"_blank\" href=\"https:\/\/kascodevelopments.com\/\" rel=\"noopener\">Kasco Developments<\/a><span style=\"background-color: transparent;\"> and real estate intelligence hub <\/span><a target=\"_blank\" href=\"https:\/\/evolutions.ae\/\" rel=\"noopener\">Evolutions<\/a><span style=\"background-color: transparent;\"> began construction on a residential building in the Al Jaddaf Waterfront area with investments of AED 100 mn, according to a joint <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/484.pdf\" rel=\"noopener\">press release (pdf)<\/a><span style=\"background-color: transparent;\">. The project, dubbed Volna, is slated for handover in 2Q 2026. Last September, Kasco <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e81d6b5-d46c-4eda-ac33-62c825999d34\/dubai-developers-plan-over-aed-13.2-bn-in-investments\" rel=\"noopener\">said<\/a><span style=\"background-color: transparent;\"> it plans to invest AED 1.2 bn in three projects in the Business Bay and Al Jaddaf.<\/span><\/p>\n<p class=\"tag-border-left\">WASTE MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENEC<\/strong><strong> granted licence to search for nuclear waste disposal site: <\/strong>The UAE\u2019s <a target=\"_blank\" href=\"https:\/\/fanr.gov.ae\/en\" style=\"\" rel=\"noopener\">Federal<\/a><a target=\"_blank\" href=\"https:\/\/fanr.gov.ae\/en\" style=\"\" rel=\"noopener\">Authority for<\/a><a target=\"_blank\" href=\"https:\/\/fanr.gov.ae\/en\" style=\"\" rel=\"noopener\">Nuclear Regulation<\/a> (FANR) granted <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/\" style=\"\" rel=\"noopener\">Emirates Nuclear Energy Company<\/a> (ENEC) a license to explore potential sites for disposing of low-level nuclear waste, according to <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/environment\/uae-nuclear-energy-strategy-new-licence-set-up-to-ensure-safe-waste-management\" style=\"\" rel=\"noopener\">Khaleej<\/a><a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/environment\/uae-nuclear-energy-strategy-new-licence-set-up-to-ensure-safe-waste-management\" style=\"\" rel=\"noopener\">Times<\/a> reports. Once a suitable location is identified, ENEC will be the only entity permitted to develop and operate a waste disposal facility, FANR Director General Christer Viktorsson said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s low-level waste? <\/strong>This includes materials like protective gear and equipment used in nuclear plant operations, which does not pose a significant danger but still requires secure containment for up to a century, Viktorsson explained. In addition, FANR is moving forward with plans for an interim storage facility to manage high-level waste, such as spent nuclear fuel, which is currently kept in deep water pools near the reactors for cooling and radiation shielding.<\/p>\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Khansaheb<\/strong><strong> appointed as main contractor for first phase of Dubai Exhibition C<\/strong><strong>enter<\/strong> <strong>expansion:<\/strong> Dubai-based <a target=\"_blank\" href=\"https:\/\/www.khansahebcivilengineering.com\/en\/\" style=\"\" rel=\"noopener\">Khansaheb Civil Engineering<\/a> was appointed as the main contractor for the first phase of the AED 10 bn (USD 2.7 bn) Dubai Exhibition Center expansion at Expo City Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/khansaheb-appointed-main-contractor-for-phase-1-of-27bln-dec-expansion-project-nb1rvydi\" style=\"\" rel=\"noopener\">press release<\/a>. The project, set for completion by 2026, will increase DEC\u2019s capacity to 140k sqm, nearly 2.5 times its current size.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Khansaheb\u2019s scope includes the 34k sqm South Hall and 30k sqm North Hall<\/strong>, with steel frame superstructures, composite cladding, and MEP installations. Once completed, the expansion will boost DEC\u2019s visitor capacity to 50k people daily.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> In October, Dubai World Trade Centre <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/683568d4-9620-449d-830d-63d1546a83b4\/mace-to-manage-first-phase-of%253cmark%253e-dubai-exhibition%253c%2Fmark%253e-center%25e2%2580%2599s-aed-10-bn-expansion\" style=\"\" rel=\"noopener\">appointed UK-based Mace Group<\/a> as the program delivery consultant for the project.<\/p>\n<p class=\"tag-border-left\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Central <\/strong><strong>Bank <\/strong><strong>of the UAE and the Dubai Economic Security Center inked an MoU to <\/strong><strong>enhance cooperation in combating financial crime<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/532.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The MoU focuses on information-sharing and developing best practices, and addresses the UAE's role in the Financial Action Task Force \u2014 the G7\u2019s initiative against financial crime \u2014 aiming to improve national capabilities through staff training and awareness campaigns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Enec granted licence to search for nuclear waste disposal site<\/p>\n","protected":false},"author":1,"featured_media":100442,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[2248,2247,47,29,476,420,7,1279,1393,79,1835,98,439],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-ramz","tag-almal-real-estate-development","tag-also-on-our-radar","tag-capital-markets","tag-cbuae","tag-enec","tag-enterpriseam-uae","tag-fanr","tag-finance","tag-fintech","tag-kasco-developments","tag-real-estate","tag-waste-management","wpautop","entry"],"acf":{"mongo_id":"6b6a16eb-07b9-4b5d-bd39-fda1ee9646ec","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/560.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Almal Development targets growth in Bali and Thailand","related_issue":[100421],"teaser":"PLUS: Enec granted licence to search for nuclear waste disposal site","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.314dc312-0741-479a-a323-0b32d3c9698b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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