{"id":104775,"date":"2025-06-19T00:00:00","date_gmt":"2025-06-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/meraas-hands-naresco-aed-450-mn-contract-for-dubais-city-walk\/"},"modified":"2025-06-19T00:00:00","modified_gmt":"2025-06-19T00:00:00","slug":"meraas-hands-naresco-aed-450-mn-contract-for-dubais-city-walk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/meraas-hands-naresco-aed-450-mn-contract-for-dubais-city-walk\/","title":{"rendered":"Meraas hands Naresco AED 450 mn contract for Dubai\u2019s City Walk"},"content":{"rendered":"<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>Meraas taps Naresco for City Walk residential development: <\/strong>Dubai Holding Real Estate\u2019s subsidiary <a target=\"_blank\" href=\"https:\/\/meraas.com\/en\" style=\"\" rel=\"noopener\">Meraas<\/a> has awarded <a target=\"_blank\" href=\"https:\/\/naresco.ae\/\" style=\"\" rel=\"noopener\">Naresco Contracting<\/a> an AED 450 mn contract for the main construction works of Central Park Plaza residential development \u2014 the final phase of Dubai\u2019s City Walk project, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/meraas-awards-construction-contract-worth-more-than-aed450mln-for-central-park-plaza-at-city-walk-b8cr7roj\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The project will deliver 212 apartments, townhouses, and penthouses across two towers, with handover expected in 3Q 2027. The towers will be part of City Walk\u2019s wider community development with sports, retail, and wellness facilities, and an outdoor events area.<\/span><\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Serco <\/strong><strong>secures AED 495 mn contract extension with Dubai Airports:<\/strong> British multinational Serco secured an extended guest services contract worth AED 495 mn with Dubai Airports until December 2030, according to a <a target=\"_blank\" href=\"https:\/\/www.serco.com\/me\/media-and-news\/2025\/serco-secures-aed-495-million-contract-extension-with-dubai-airports-to-deliver-world-class-guest-experience-services\" style=\"\" rel=\"noopener\">press release<\/a>. The five-year extension follows a previous six-year partnership between the two.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Serco\u2019s role: <\/strong>Serco will continue managing passenger experience operations at both Dubai International Airport (DXB) and Al Maktoum International (DWC). Services include passenger processing, VIP lounge hosting, traffic marshaling, and chauffeur operations.<\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Empower awards contract for new district cooling plant in Dubai:<\/strong> Emirates Central Cooling Systems Corporation (Empower) awarded an excavation and foundation works contract for a new district cooling plant in Al Sufouh 2 in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1001.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>, which did not disclose the identity of the firm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline and details: <\/strong>Excavation work began this month, with full construction scheduled to start in 4Q 2025. The plant, with a capacity of 23.4k RT, will be the first in a series of three future plant rooms that Empower plans to build in the area. It will serve multiple buildings, including the Innovation Hub business park.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu <\/strong><strong>Dhabi tapped as WHO virus research partner:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.adphc.gov.ae\/en\" style=\"\" rel=\"noopener\">Abu Dhabi Public Health Center<\/a> (ADPHC) has been designated as the World Health Organization\u2019s first collaborating center in the Middle East for research and capacity building in emerging respiratory viruses and associated infections, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/abu-dhabi-public-health-centre-designated-as-first-world-health-organization-collaboration-centre-in-middle-east-for-emerging-respiratory-virus-research\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The designation is effective through 2028, adding ADPHC to a global network supporting WHO-led research. <\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong> <strong>International Chamber expands into Canada: <\/strong>Dubai International Chamber has launched its first representative office in North America, setting up shop in Toronto as part of its global push to deepen trade and investment ties, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk8zgzb-dubai-international-chamber-establishes-new\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The new office will act as a launchpad for Canadian firms into Dubai and vice versa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Canada? \u2026and why now? <\/strong>Non-oil trade between the two countries hit AED 10.2 bn in 2024, and by year-end, 4.1k Canadian companies were active members of the Dubai Chamber of Commerce\u2014 up 29% y-o-y. Some 289 new firms have also joined in the first quarter of this year.<\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Galadari secures funding for sports complex from Emirates NBD: <\/strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=emirates+nbd+uae&amp;sca_esv=c00251c694cd13aa&amp;rlz=1C1GCEB_enEG1149EG1149&amp;sxsrf=AE3TifMX7bizYmxidq-5JEnHF44yOkYfWg%3A1750256533095&amp;ei=lctSaPfLBe7W7M8Pl6TTsAc&amp;ved=0ahUKEwi36q7XlfuNAxVuK_sDHRfSFHYQ4dUDCBA&amp;uact=5&amp;oq=emirates+nbd+uae&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiEGVtaXJhdGVzIG5iZCB1YWUyCxAAGIAEGJECGIoFMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAESO4GUJwBWJMGcAF4AZABAJgBmQKgAYYFqgEFMC4yLjG4AQPIAQD4AQGYAgSgAr0FwgIHECMYsAMYJ8ICChAAGLADGNYEGEfCAgoQIxiABBgnGIoFwgIEECMYJ8ICChAAGIAEGEMYigXCAgoQABiABBgUGIcCwgILEC4YgAQYxwEYrwGYAwCIBgGQBgqSBwUxLjIuMaAHtheyBwUwLjIuMbgHrQXCBwUyLTEuM8gHLw&amp;sclient=gws-wiz-serp\" style=\"\" rel=\"noopener\">Emirates<\/a><a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=emirates+nbd+uae&amp;sca_esv=c00251c694cd13aa&amp;rlz=1C1GCEB_enEG1149EG1149&amp;sxsrf=AE3TifMX7bizYmxidq-5JEnHF44yOkYfWg%3A1750256533095&amp;ei=lctSaPfLBe7W7M8Pl6TTsAc&amp;ved=0ahUKEwi36q7XlfuNAxVuK_sDHRfSFHYQ4dUDCBA&amp;uact=5&amp;oq=emirates+nbd+uae&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiEGVtaXJhdGVzIG5iZCB1YWUyCxAAGIAEGJECGIoFMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAESO4GUJwBWJMGcAF4AZABAJgBmQKgAYYFqgEFMC4yLjG4AQPIAQD4AQGYAgSgAr0FwgIHECMYsAMYJ8ICChAAGLADGNYEGEfCAgoQIxiABBgnGIoFwgIEECMYJ8ICChAAGIAEGEMYigXCAgoQABiABBgUGIcCwgILEC4YgAQYxwEYrwGYAwCIBgGQBgqSBwUxLjIuMaAHtheyBwUwLjIuMbgHrQXCBwUyLTEuM8gHLw&amp;sclient=gws-wiz-serp\" style=\"\" rel=\"noopener\">NBD<\/a> has closed a green term loan facility with <a target=\"_blank\" href=\"https:\/\/galadaribrothers.com\/\" style=\"\" rel=\"noopener\">Galadari Sports<\/a> to finance a new sustainable sports complex in Al Quoz in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\/media-center\/emirates-nbd-and-galadari-sports-complete-new-green-term-loan-facility?utm_websource=legacy-beta\" style=\"\" rel=\"noopener\">press release<\/a>. The facility will include gyms, squash and padel courts, swimming pools, and will be powered by solar panels and water recycling systems. As part of the bank\u2019s sustainable financing framework, the project will have to adhere to environmental standards and impact reporting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another one? <\/strong>Galadari Sports is part of Dubai-based conglomerate Galadari Brothers, which recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/167448cf-4be5-42cb-9aa0-098a81cf97e4\/mashreq-facilitates-the-first-sustainability-linked-financing-for%253cmark%253e-galadari%253c%2Fmark%253e-brothers\" style=\"\" rel=\"noopener\">received sustainability-linked financing (SLF)<\/a> from our friends at Mashreq.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Empower awards contract for new district cooling plant in Dubai<\/p>\n","protected":false},"author":1,"featured_media":104776,"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":[1360,47,306,324,821,258,1657,260,708,7,131,161,2361],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi","tag-also-on-our-radar","tag-aviation","tag-construction","tag-dubai-chambers","tag-dubai-holding","tag-dubai-international-airport","tag-emirates-nbd","tag-empower","tag-enterpriseam-uae","tag-healthcare","tag-infrastructure","tag-meraas","wpautop","entry"],"acf":{"mongo_id":"7c6b5c95-9924-46dc-ae84-0adb5b794df2","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1055.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Meraas hands Naresco AED 450 mn contract for Dubai\u2019s City Walk","related_issue":[104759],"teaser":"Plus: Empower awards contract for new district cooling plant in Dubai","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.97ea446c-f378-4472-9027-003dd7de3bf2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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