Devmark Group, a UAE-based multi-disciplinary real estate organisation, highlighted the importance of embracing new technology for survival in 2021, at the Cityscape Real Estate Summit held earlier this month
Construction
APICORP extends US$50mn revolving construction facility to Yellow Door Energy
Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a US$50mn revolving construction facility with Yellow Door Energy Limited, a leading provider of sustainable energy to businesses based in the UAE, to develop solar PV plants in the region with a strong focus on Jordan and Pakistan
Goodyear launches new OTR tyre for long haul fleets

The RH-4A+ is currently available in sizes 59/80R63, 46/90R57 and 27.00R49 through Goodyear?s global network of authorised OTR dealers. (Image source: Tom Fisk/Pexels)
The Goodyear Tire & Rubber Company has introduced its newest addition to its off-highway large haulage product line, the RH-4A+, designed to deliver a lower operating cost per hour and higher productivity in hard rock underfoot conditions
VOLVO CE develops rotating pipelayer conversion kits

The kit was developed in response to customers? need for a simpler solution to lower pipes into trenches. (Image source: VOLVO CE)
Volvo Construction Equipment has introduced a new attachment kit that allows 14-tonne excavators to be converted into rotating pipelayers, offering a simple solution for users who do not wish to purchase a dedicated pipelayer and who have used conventional excavators for work
Mohammed bin Rashid inaugurates US$160mn Dubai Intelligent Traffic Systems Centre, Al Barsha

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurates the Dubai Intelligent Traffic Systems Centre (Image source: RTA)
In order to meet the needs of Dubais rapid urban growth and infrastructure expansion required for Expo 2020, the centre was constructed at a cost of US$160mn, and was inaugurated by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai