DUBAI, UAE, Aug. 27, 2024 /PRNewswire/ -- Nakheel, a member of Dubai Holding's pioneering real estate arm, Dubai Holding Real Estate, has awarded an AED 810 million contract for marine works on Palm Jebel Ali to Jan De Nul Dredging LTD.
The company will be responsible for dredging, land reclamation, beach profiling and sand placement, directly supporting the construction of villas across all fronds and will complete the marine works in just over two years. The first eight fronds of the project are expected to be site-ready by Q1 2025, allowing for the commencement of villa infrastructure and civil works.
Following Nakheel's recent award of two major infrastructure contracts, works have also commenced on the construction of a new public access road and to roadway and lighting enhancements from the mainland to Palm Jebel Ali.
Revealed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Palm Jebel Ali will offer an exceptional breadth of luxury lifestyle amenities for residents, families and visitors. Supporting the Dubai Economic Agenda D33, the project also marks the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: "Partnering with Jan De Nul Dredging reflects our unwavering commitment to excellence and innovation. As Nakheel intensifies its development activity under Dubai Holding, the expertise of Jan De Nul Dredging in marine, civil construction and environmental projects is pivotal as we accelerate progress on this transformational development. Aligned with the Dubai 2040 Urban Master Plan vision, Palm Jebel Ali is set to become a global destination that will offer residents the opportunity to experience a luxurious waterfront lifestyle with access to sweeping beachfronts and pristine waters, while setting new standards in quality living and sustainability."
Last year, Palm Jebel Ali launched over 700 units of its Phase 1 frond villas, featuring eight unique styles, blending indoor and outdoor living in a serene coastal setting. Progress on infrastructure and marine works directly supports the delivery of these homes, scheduled for handover late 2026. The island will span 13.4 kilometres, featuring 16 fronds and 91 kilometres of beachfront, aligning with the Dubai 2040 Urban Master Plan's goal of expanding public beach access. Video
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Nakheel awards AED 810 million contract for marine works at Palm Jebel Ali
Nakheel awards AED 810 million contract for marine works at Palm Jebel Ali
RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ -- Leading-edge artificial intelligence algorithms are now powering production at nearly half of VSPO's esports tournaments, dramatically reducing content creation time and enhancing fan engagement, said the company's co-founder Danny Tang at the New Global Sport Conference 2024 ("NGSC") in Riyadh this August.
At a panel discussion with other industry leaders including Ahmad Alabduljabbar, Craig Levine, Jean Mariotte, Penny Diao and Shay Segev, Tang said nearly half of the esports tournaments VSPO produces are now leveraging AI to assist key production tasks such as live highlights capturing and post-game replay editing, markedly boosting the efficiency and agility of the company's tournament operations.
VSPO, Asia's biggest esports company, organizes and produces more than 80 tournaments and 7,000 matches every year, captivating an online fan base of over 800 million.
"Over the past couple years, we have developed a lot of AI tools to allow us to better produce esports tournament content in a much more efficient manner," said Tang, who is also VSPO's CFO and head of global strategy office, "For example, our 'AICam' now allows us to turn hours of game footage into viral social media content in mere seconds."
As the leading conference for the Esports World Cup Foundation, the NGSC 2024 hosted a global delegation of over 1,200 industry thought-leaders at the Kingdom Centre on August 24-25.
At the event, Tang introduced VSPO's two proprietary AI tools, "AIOB" and "AICam", which have been instrumental in streamlining esports production process. AIOB, an algorithm trained on extensive tournament data, assists directors in identifying and broadcasting the most thrilling moments in real time. AICam, on the other hand, automates the selection and editing of highlights, turning them into viral video clips with unprecedented speed and precision.
Another VSPO's key AI project Tang shared was VSPO's partnership with Qualcomm on the Snapdragon "Faith of Victory" initiative, an esports athlete emotion detection system capable of providing real-time insights into an athlete's state of emotions by studying their facial expressions and heart rates. The AI system has been trained with data from 175 professional players across 18 top teams in the King Pro League, and VSPO continues to refine it for improved performance on a frequent basis.
Furthermore, Tang said that VSPO is also in the process of integrating its proprietary AI technologies into its signature, award-winning "4K OB Truck," a patented mobile production unit designed for on-the-go creation and broadcasting of top-tier esports events.
This innovative vehicle was a standout feature at the Hangzhou Asian Games last year, where esports was recognized as a medal sport for the first time, as a significant portion of the esports series was produced using VSPO's "4K OB Truck," showcasing its capabilities on an international stage.
About VSPO
With a global presence encompassing 14 office locations and eight top-tier esports arenas, VSPO offers a comprehensive suite of esports services, including tournament organization, marketing solutions, community development, and more.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
VSPO Co-founder Danny Tang: Half of VSPO's Esports Tournaments Now Assisted By AI
