According to the latest figures released, the official occupancy rates in the Business Bay recorded a fall of 3 per cent during the previous quarter.
The data showed that the occupancy level remained at just 60 per cent, which is the lowest among all of the Dubai's office sub-markets. The Core UAE's Q2 2016 Dubai Office Report showed that other prime central office locations in Dubai, Sheikh Zayed Road and Downtown also recorded a fall of 6 per cent in the months from April to June, 2016.
The authorities in Dubai in the United Arab Emirates (UAE) are planning mega multi-billion dollar projects to improve transport links in the city as lower oil prices put pressure on economic growth.
The authorities are aiming to invest in a range of transport infrastructure, from commuter trains to highways in the city to improve transportation network. The authorities believe that doubling its investments in transportation will spur the emirate's economy amid lower global oil prices, which is straining budgets in the country and others in the region.
Leading logistics provider RSA Logistics, which is the parent company of RSA Cold Chain (RCC), broke ground on a new cold chain facility on 19 June, 2016 in Dubai South.
RSA Logistics, based in Dubai South, started work on the new facility in the presence of a delegation headed by Mr. Ahmed Al Ansari, Acting CEO of Dubai World Central Corporation, also known as "Dubai South". The new venture, RSA Cold Chain will house a total capacity of 21,000 pallets and will start phase 1 of its operations in March 2017.
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