DAR GLOBAL AWARDS OMR 9.3 MILLION INFRASTRUCTURE CONTRACT TO OMAN SHAPOORJI COMPANY LLC FOR AIDA PHASE 1

DUBAI, UAE, June 24, 2024 /PRNewswire/ -- Dar Global, the London-listed luxury international real estate developer, is pleased to announce the awarding of the infrastructure contract for the first phase of AIDA, a landmark urban development in Oman. This milestone underscores Dar Global's vision to create a world-class real estate marvel in Oman, working with best-in-class partners to deliver unmatched luxury and value.

AIDA, a joint venture with Omran Group, Oman's primary organisation for tourism development, integrates luxury golf, residential, and hospitality components. Set for Phase 1 completion in 2027, AIDA is strategically located by the sea and 130 metres above sea level, offering unparalleled sea views and residences that harmonise with the cliffside environment.

The infrastructure work for AIDA's first phase has been awarded to Oman Shapoorji Company LLC. The contract, valued at OMR 9,345,653,entails designing and constructing essential infrastructure, including roads, water, and electricity networks, utility installations, drainage, and sewage systems as well as developing the surrounding road network within AIDA. These efforts ensure the highest technical standards, seamlessly complementing AIDA's luxurious offerings and supporting its residential and commercial phases.

Ziad El Chaar, CEO of Dar Global, said: "Announcing the infrastructure contract marks a significant step towards realizing our ambitious vision for AIDA. We are excited to reach these pivotal stages of the project, which exemplifies our unwavering commitment to elevating Oman's tourism and real estate sectors. This contract strategically strengthens our portfolio of luxury developments in prime global locations. AIDA will set new benchmarks for luxury and innovation, reinforcing Oman's position on the global stage".

Spanning 5 million square metres and situated just 10 minutes from Downtown Muscat, AIDA aims to redefine standards in architectural excellence, environmental sustainability, and bespoke living.

Residents and visitors of AIDA will enjoy exclusive amenities, including immersive experiences, enchanting residences, hospitality offerings, recreational facilities, spectacular outdoor landscapes, and exquisite dining options.

To register your interest in AIDA, visit: https://darglobal.co.uk/aida

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

DAR GLOBAL AWARDS OMR 9.3 MILLION INFRASTRUCTURE CONTRACT TO OMAN SHAPOORJI COMPANY LLC FOR AIDA PHASE 1

DAR GLOBAL AWARDS OMR 9.3 MILLION INFRASTRUCTURE CONTRACT TO OMAN SHAPOORJI COMPANY LLC FOR AIDA PHASE 1

DAR GLOBAL AWARDS OMR 9.3 MILLION INFRASTRUCTURE CONTRACT TO OMAN SHAPOORJI COMPANY LLC FOR AIDA PHASE 1

The List Included 14 Enterprises Rooted in Anhui

HEFEI, China, Sept. 22, 2024 /PRNewswire/ -- On September 20, 2024, China Enterprise Confederation (CEC) and China Enterprise Directors Association (CEDA) unveiled the 2024 Top 500 Chinese Manufacturing Enterprises list at the World Manufacturing Convention (WMC).

Leading the pack are Sinopec Group, China Baowu Steel Group Corporation Limited, Sinochem Group, China Minmetals Corporation, Hengli Group, SAIC Motor Corporation Limited, Huawei, FAW Group, Zhejiang Rongsheng Holding Group, and BYD, making up the top 10.

The threshold for inclusion in the 2024 list has risen to 17.062 billion yuan, marking a 512 million yuan increase from the prior year. Collectively, these companies have reported a total operating revenue of 52.01 trillion yuan, up 1.86% year-on-year.

Innovation continues to be a key driver, with the Top 500 investing 1.23 trillion yuan in research and development (R&D), a 12.51% increase over the previous year. R&D intensity stands at 2.37%, up 0.04 percentage points from a year before. These companies also hold 1.4937 million valid patents, including 717,300 invention patents, representing a 3.85% and 11.35% increase, respectively. The proportion of invention patents has risen to 48.02%, up 3.24 percentage points from the previous year. Overseas expansion is also on a steady trajectory, with the Top 500 reporting foreign assets totaling 7.29 trillion yuan, up 5.81% from the previous year, and overseas operating revenues of 7.13 trillion yuan.

Geographically, Zhejiang, Shandong, Jiangsu, Guangdong, and Hebei boast the highest number of companies among the Top 500.

Fourteen companies from Anhui, including Chery Holding, Tongling Nonferrous Metals Group, Conch Group, Sungrow, Anhui Truchum Advanced Materials & Technology, JAC Group, Gotion High-tech, Shanying International, Honglu Steel Structure, Tiankang Group, Zhongding Group, Gujing Group, Tongling Chemical Industry Group, and Tongling Jingda Special Magnet Wire, have secured a place on the list.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

The 2024 Top 500 Chinese Manufacturing Enterprises List Released in Hefei