{"id":107481,"date":"2025-09-15T00:00:00","date_gmt":"2025-09-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/marjan-appoints-alec-as-main-contractor-for-rak-central-hq-office-complex\/"},"modified":"2025-09-15T00:00:00","modified_gmt":"2025-09-15T00:00:00","slug":"marjan-appoints-alec-as-main-contractor-for-rak-central-hq-office-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/15\/marjan-appoints-alec-as-main-contractor-for-rak-central-hq-office-complex\/","title":{"rendered":"Marjan appoints Alec as main contractor for RAK Central HQ Office Complex"},"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>Marjan <\/strong><strong>has completed infrastructure works at RAK Central<\/strong> \u2014 its mixed-use commercial development in Ras Al Khaimah, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/blo6r2y-marjan-completes-infrastructure-works-rak-central\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The development, located close to the E-11 highway, spans 3.1 mn sq ft and features over 4k residential apartments and rental office spaces. With the foundation now in place, sub-developers are expected to begin commercial, residential, retail, and hospitality projects. The development also offers 100% foreign ownership. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">First up:<\/strong><span style=\"background-color: transparent;\"> Construction group Alec Engineering and Contracting has been tapped as the main contractor for RAK Central\u2019s HQ Office Complex \u2014 slated for completion in 1Q 2027.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Al <\/strong><strong>Huzaifa <\/strong><strong>debuts AED 450 mn Sol\u00e9va Beach <\/strong><strong>Residences<\/strong><strong>: <\/strong>Al Huzaifa Properties \u2014 the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/654c59de-210f-4b58-a926-b08547459336\/rta-to-widen-dxb-bridge\" style=\"\" rel=\"noopener\">recently launched real estate arm of luxury furniture and interiors brand Al Huzaifa<\/a> \u2014 launched its first development on Marjan Island in Ras Al Khaimah, the AED 450 mn Sol\u00e9va Beach Residences, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/al-huzaifa-properties-launch-soleva-beach-residences-on-al-marjan-island-ras-al-khaimah-y5uol7oo\" style=\"\" rel=\"noopener\">press release<\/a>. The residential development is slated for completion in 4Q 2027 and will feature 232 units including 111 studios, 101 one-bedroom apartments, and 20 two-bedroom apartments \u2014 each with integrated private pools. <\/p>\n<p class=\"tag-border-left\">OIL AND GAS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates National Oil Company\u2019s (Enoc) subsidiary<\/strong> <strong>Dragon Oil inked a USD 40.5 mn agreement with Egyptian state oil firm th<\/strong><strong>e Egyptian General Petroleum Corporation <\/strong>to drill three new wells in East El Hamd, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1LyRGd3gLB\/?mibextid=wwXIfr\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement involves investments of up to USD 30 mn, according to a separate <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7373001100146270208\/\" style=\"\" rel=\"noopener\">statement<\/a> from Dragon Oil, which will see it drill two new wells. It will also pay an additional USD 4.5 mn bonus. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Dragon Oil is also vying for the North July oil field concession in northeast of the Gulf of Suez, alongside others like Saudi-based Ades Holding and Egypt-based Cheiron Petroleum. The company previously committed to investing USD 500 mn in Egypt in 2025 for operational and capital expenditures and is eyeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f23781fc-a4fd-47fc-b355-98c0e6bf7543\/this-morning:-uae-eyes-usd-10-bn-investments-in-indonesian-renewables-%2B-ad-ports-will-not-be-operating-turkey%25e2%2580%2599s-alsancak-port\" style=\"\" rel=\"noopener\">further investments<\/a> in the country.<\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD <\/strong><strong>Ports-backed JV launches Comoros\u2019 first passenge<\/strong><strong>r + auto ferry service: <\/strong><a target=\"_blank\" href=\"https:\/\/www.serdalintl.com\/\" style=\"\" rel=\"noopener\">Serdal International<\/a>, a joint venture between <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/\" style=\"\" rel=\"noopener\">AD Ports Group<\/a> and Abu Dhabi-based <a target=\"_blank\" href=\"https:\/\/www.ri.ae\/\" style=\"\" rel=\"noopener\">Resources Investment<\/a>, has rolled out a new ferry service linking Grande Comore and Anjouan in the Comoros, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/09\/12\/serdal-international-launches-new-passenger-and-auto-ferry-service-in-the-comoros\" style=\"\" rel=\"noopener\">press release<\/a>. The service is the first in the archipelago to carry both passengers and vehicles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The vessels: <\/strong>Operated by AD Ports\u2019 Noatum Maritime, the Yameela has capacity for 190 passengers and 45 vehicles. The route connects Moroni \u2014 the capital and main maritime gateway on Grande Comore \u2014 with Mutsamudu on Anjouan. <\/p>\n<p class=\"tag-border-left\">M&amp;A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Banna Group acquires Al Dahra\u2019s citrus farm in Egypt:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.elbannagroup.com\/\" style=\"\" rel=\"noopener\">El Banna Group<\/a> \u2014 one of Egypt\u2019s largest citrus producers and exporters \u2014 has acquired UAE-based agribusiness firm <a target=\"_blank\" href=\"https:\/\/aldahra.com\/\" style=\"\" rel=\"noopener\">Al Dahra Group\u2019s<\/a> citrus farm and packhouse in Salheyia, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/781.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> from Zilla Capital, who acted as sole financial advisor to Al Dahra.<\/p>\n<p class=\"tag-border-left\">AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi expands farm activities: <\/strong>Abu Dhabi is permitting 74 new economic activities on agricultural land, bringing the total to 145, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/mansour-bin-zayed-issues-decision-approving-74-new-economic-activities-on-agricultural-land\/\" style=\"\" rel=\"noopener\">statement<\/a>. The newly approved activities include plant production, food support services, industrial uses, and limited recreational options.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The move builds on a 2023 decision that first allowed farms to host commercial activities, under which more than 480 farms obtained new or amended licenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Dragon Oil will drill new wells in Egypt and invest up to USD 30 mn in the new concession<\/p>\n","protected":false},"author":1,"featured_media":107482,"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":[21,796,47,43,7,266,534,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-ad-ports","tag-ad-ports-group","tag-also-on-our-radar","tag-dragon-oil","tag-enterpriseam-uae","tag-oil-and-gas","tag-ras-al-khaimah","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"8b3d03ed-1dc9-48ac-bbc4-22a0f791023c","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/785.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Marjan appoints Alec as main contractor for RAK Central HQ Office Complex","related_issue":[107468],"teaser":"Plus: Dragon Oil will drill new wells in Egypt and invest up to USD 30 mn in the new concession","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.0aa3ecfc-91b1-4398-a2d8-6e0eebc1c30f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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