{"id":86923,"date":"2023-11-27T00:00:00","date_gmt":"2023-11-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/saudi-arabian-investor-sedco-capital-dips-its-toes-in-dubai\/"},"modified":"2023-11-27T00:00:00","modified_gmt":"2023-11-27T00:00:00","slug":"saudi-arabian-investor-sedco-capital-dips-its-toes-in-dubai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/11\/27\/saudi-arabian-investor-sedco-capital-dips-its-toes-in-dubai\/","title":{"rendered":"Saudi Arabian investor SEDCO Capital dips its toes in Dubai"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>REAL ESTATE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sedcocapital.com\/\" style=\"\" rel=\"noopener\">SEDCO Capital<\/a><\/strong><strong>signed an MoU to purchase an educational complex property in Dubai<\/strong>, according to a company disclosure to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83Z29TAwC_Rx9DSxdLY0MDAz1w_Wj9KOQlRgEB5gaBLoF-Br7GAQZuBuYQRUY4ACOBvoF2dmBAERHA9g!\/dz\/d5\/L0lDU0NRa2dwUXBRa0tDbEVLQ2xFSklLSUtVUW9ncFJJa0EhIS9ZUFVFQUFBSUlFTUVDS0lFQUdJR09JT0lCSkZKRkJKTkROREJORUxMSEhQSFBMSEFnb2dvckFzQ0FBISEvNEpDaWpLMWJHTGppRUVwTWhUVlVrNUNpbXBwektETmJ0WmJPYW5tdDJzdGd0U0txb3lRIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy92aWV3L25vcm1hbC9lbi9jb21wYW55U3ltYm9sLzQzNDQvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc3MDkz\/\" style=\"\" rel=\"noopener\">Tadawul<\/a>. The purchase, worth AED 160.5 mn, will be financed through the corporation\u2019s <a target=\"_blank\" href=\"https:\/\/sedcocapital.com\/products\/sedco-reit-fund\/\" style=\"\" rel=\"noopener\">REIT fund<\/a>, which invests in income-generating real estate, principally in Saudi Arabia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Looking outside the kingdom:<\/strong> The Dubai complex has a land area of 36,690 sqm and a built-up area of 18,250 sqm. The foreign acquisition is part of the fund\u2019s strategy to diversify its real estate portfolio, the disclosure said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>ENERGY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Emirates becomes first airline to operate an A380 demonstration flight using 100% <\/strong><strong>Sustainable Aviation Fuel (SAF)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-worlds-first-airline-to-operate-a380-demonstration-flight-with-100-sustainable-aviation-fuel\/\" style=\"\" rel=\"noopener\">press release<\/a>. The flight took off from Dubai International Airport with one of four engines entirely powered by SAF, helping showcase SAF's viability as a sustainable alternative that meets the technical and chemical requirements of jet fuel. This marks the first time that drop-in SAF has been used on an A380 aircraft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>The event coincided with the Third ICAO Conference on Aviation and Alternative Fuels in <\/strong><strong>Dubai<\/strong>, with collaboration from industry partners such as Airbus, Engine Alliance, Pratt & Whitney, Neste, Virent, and ENOC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>ENVIRONMENT- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi to take on pollution with a new air quality system: <\/strong>The Environment Agency \u2014 Abu Dhabi (EAD) rolled out a new air quality modeling system to reduce air pollution in the emirate, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/12l0bxz-environment-agency-abu-dhabi-develops-the-region%E2%80%99s\" style=\"\" rel=\"noopener\">WAM<\/a> reported. The new model will include detailed maps monitoring air pollution levels emirate-wide and will introduce regulations aimed at cutting air pollution by assessing the projected environmental impact of Abu Dhabi urban projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>What\u2019s an air quality modeling system?<\/strong> Put simply, it is a computer tool that simulates the dispersion of pollutants into the atmosphere. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>TRANSPORT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s metro to get 30km extension as Blue Line gets green light: <\/strong>Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum the all clear to an AED 18 bn (USD 4.9 bn) investment in Dubai Metro\u2019s new Blue Line, according to Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/November\/24-11\/Mohammed-bin-Rashid-approves-Dubai-Metro-Blue-Line-project\" style=\"\" rel=\"noopener\">Media Office<\/a>. The new line will stretch over 30km and will feature 14 stations, five of them underground. The Blue Line is set to begin operating in 2029 and is expected to transport some 320k passengers per day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Singapore-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/hafniabw.com\/\" style=\"\" rel=\"noopener\">Hafnia<\/a><\/strong><strong>, one of the world\u2019s leading tanker <\/strong><strong>companies, has partnered with Dubai\u2019s AI start-up <\/strong><strong><a target=\"_blank\" href=\"https:\/\/steelcorr.com\/\" style=\"\" rel=\"noopener\">SteelCorr DMCC<\/a><\/strong><strong> to oversee ship paint maintenance<\/strong> on 57 ships, according to an <a target=\"_blank\" href=\"https:\/\/hafniabw.com\/news\/hafnia-partners-with-artificial-intelligence-partner-steelcorr-to-monitor-vessel-effective-paint-maintenance\/\" style=\"\" rel=\"noopener\">announcement<\/a> by the company. The maintenance will be run through SteelCorr\u2019s Digital Paint Report (DPR) app, which is designed for data collection and analysis on paint maintenance, such as through monitoring corrosion levels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>HEALTHCARE- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi gets a new surgery center<\/strong>: Private healthcare service provider Bureej Holding has opened an advanced day surgery center in Al Shahama, Abu Dhabi, according to a company <a target=\"_blank\" href=\"https:\/\/burjeelholdings.com\/news\/burjeel-holdings-launches-advanced-day-surgery-center\/\" style=\"\" rel=\"noopener\">press release<\/a>. The new facility specializes in same-day surgical care with a view to limiting the average length of hospital stays. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>What they said<\/strong>: \u201cAt the Department of Health\u2014Abu Dhabi, we continue to work with partners in the healthcare sector to further enhance the quality and availability of health services in the emirate, thus consolidating Abu Dhabi\u2019s position as a leading destination for healthcare globally,\u201d Department of Health chief Mansoor Ibrahim Al Mansoori said during the opening. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>CULTURE- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Sheikh Hamdan led the Dubai Run, joined by 226k runners<\/strong>, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/people\/sheikh-hamdan-leads-dubai-run-as-226000-residents-join-him-1.99595596\" style=\"\" rel=\"noopener\">Gulf News<\/a> reported yesterday. Runners opted either for a 5km route that started on Sheikh Zayed Road and ended near Dubai Mall, or a 10km route that started near the Museum of the Future and ended at the Dubai International Financial Centre (DIFC) Gate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm signed an MoU to purchase a Dubai education complex property worth AED 160.5 mn<\/p>\n","protected":false},"author":1,"featured_media":86924,"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":[47,87,313,7,311,118,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-dubai","tag-education","tag-enterpriseam-uae","tag-riyadh","tag-saudi-arabia","tag-sedco-capital","wpautop","entry"],"acf":{"mongo_id":"2e6fe14b-43bd-4b61-a87e-e9b854b881b5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/2365.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Arabian investor SEDCO Capital dips its toes in Dubai\u2019s education market","related_issue":[86897],"teaser":"The firm signed an MoU to purchase a Dubai education complex property worth AED 160.5 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.b762b7db-c7f6-4ee3-be39-d578037e5f43.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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