VIP delegation tours Virgin Hyperloop One at WEC

President Kersti Kaljulaid of Estonia tours the Virgin Hyperloop One passenger pod.
Updated 15 September 2019

VIP delegation tours Virgin Hyperloop One at WEC

A VIP delegation comprising Prince Abdul Aziz bin Salman, Saudi minister of energy; Sheikh Hazza bin Zayed Al-Nahyan, deputy chairman of Abu Dhabi Executive Council; and Thamir Abbas Ghadhban, Iraq’s deputy prime minister for energy affairs and oil minister; was briefed by Harj Dhaliwal, managing director of Virgin Hyperloop One (VHO), Middle East and India, on the future of mobility, at the World Energy Congress (WEC) in Abu Dhabi.
At the event, VHO also showcased DP World Cargospeed, a global brand for hyperloop-enabled cargo systems operated by DP World capable of supporting fast, on-demand, direct delivery of palletized cargo. Designed to provide exceptional service for high-priority, on-demand goods, DP World Cargospeed systems will deliver freight at the speed of flight and closer to the cost of trucking.
At the WEC, VHO also hosted visiting dignitaries from around the world, including President Kersti Kaljulaid of Estonia; Dharmendra Pradhan, Indian union minister for petroleum and natural gas and steel; and a delegation of Nigerian government leaders. VHO’s Dhaliwal also spoke on a high-level panel on the future of mobility.


UAE’s Al-Hamra announces
relief package for partners

Updated 02 April 2020

UAE’s Al-Hamra announces
relief package for partners

Al-Hamra, a real estate developer, services provider and investment company in the northern emirates, has created an economic relief package, which includes several initiatives to help ease the financial burden of its mall tenants, freehold owners, residents and customers, impacted by the COVID-19 outbreak.

The announcement is in line with the UAE government and Ras Al-Khaimah’s objectives to support the economic environment and boost financial stability. The initiatives include up to three months of rental relief, reduction in cooling consumption charges, deferral of fees, waiver of payment delay penalties and payment due date extensions.

Dedicated teams have been deployed to assess specific requirements of various businesses and individuals to provide economic relief and support. The tasked force is also reassessing cost-effectiveness of operations in order to pass on the benefit to the end users and customers.

HIGHLIGHT

The initiatives include up to three months of rental relief, reduction in cooling consumption charges, deferral of fees, waiver of payment delay penalties and payment due date extensions.

Benoy Kurien, group CEO of Al-Hamra, said: “We have been proud partners in shaping the real estate landscape of Ras Al-Khaimah and this pride comes with a responsibility to the emirate as well as to our partners and consumers who have contributed to our success. This pandemic is reshaping the way we think about community and has made one thing strikingly clear: Our interdependence. We are working closely with our stakeholders to ensure that we recover from this period together, stronger and more resilient.

“We understand the predicament faced by all and the impact of the coronavirus outbreak on our economy. During these unprecedented times, we are more committed than ever to stand firmly by our valued partners and customers. Our initiatives aim to support business continuity by offsetting some of the impact, and to promote the welfare of the community. Our dedicated teams will reach out to our partners in the following days to understand and discuss their requirements and implement effective measures. We will continue to support the government, our customers and partners in all ways possible to overcome this challenging situation together.”

Al-Hamra has diversified interests in retail, residential and hospitality in Ras Al-Khaimah and owns iconic assets such as the award-winning master planned community of Al-Hamra Village, Waldorf Astoria Ras Al-Khaimah, Ritz Carlton Al-Hamra Beach, Manar and Al-Hamra Malls. The group is focused on providing premier lifestyle real estate developments, while investing in hospitality and leisure segments.