RTA awards AED800mn contract for Phase 4 of Al-Shindagha Corridor Improvement Project

DUBAI, 12th March, 2023 (WAM) — The Roads and Transport Authority (RTA) has awarded the first contract under Phase 4 of Al Shindagha Corridor Improvement Project, which aims to keep pace with the continuous development of the locality while catering to the demands of urban expansion and population growth.
The project is being carried out in response to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to complete Al Shindagha Corridor Improvement Project to serve the needs of the extensive urban and demographic growth along the corridor under the follow-up of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.
The scope of this AED800 million contract extends 4.8 km along Sheikh Rashid Road from the intersection with Sheikh Khalifa bin Zayed Street to the Falcon Interchange on Al Mina Road. The project involves constructing three bridges spanning 3.1 km in total, capable of accommodating 19,400 vehicles per hour across all lanes.
Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), said, “Al Shindagha Corridor Improvement Project, which spans 13 km along Sheikh Rashid Road, Al Mina Road, Al Khaleej Street, and Cairo Street, contributes to a smooth traffic flow along the Corridor. It will also enhance roads capacity and efficiency as well as traffic safety.”
3 Bridges
“Phase 4 includes the construction of three bridges, the first is a 3-lane bridge stretching 1335m to ensure a smooth traffic flow between Sheikh Rashid Road and Falcon Intersection with a capacity of 10,800 vehicles per hour in both directions. The second is a 3-lane bridge extending 780m to serve the traffic inbound from Falcon Interchange heading to Al Wasl Road with a capacity of 5,400 vehicles per hour. The third is a 2-lane bridge extending 985m to serve the traffic inbound from Jumeirah Street heading to Al Mina Road in the direction of Falcon Interchange with a capacity of 3,200 vehicles per hour.
“The project also includes the construction of streets extending 4.8 km, and the improvement of surface intersections at Jumeirah Street, Al Mina Road and Sheikh Sabah Al Ahmed Al Jabir Al Sabah Street. It also covers the construction of two footbridges: the first on Sheikh Rashid Road, and the second on Al Mina Road in addition to street-lighting works, traffic systems, rainwater drainage networks, and irrigation networks,” Al Tayer explained.
One-Million People
“Al Shindagha Corridor Improvement Project is one of the largest projects currently being undertaken by RTA with a total estimated cost of AED5.3 billion. The project encompasses the construction of 15 intersections spanning 13 km in total. Due to its massive scope, the project had been split into five phases. The Corridor serves Deira and Bur Dubai in addition to several development projects such as Deira Islands, Dubai Seafront, Dubai Maritime City and Port Rashid. As such, it is expected to serve about one million people. It will slash the travel time from 104 minutes to just 16 minutes by 2030, and the time saved over 20 years will be worth about AED45 billion,” Al Tayer added.
Completed Phases
“RTA has completed the improvement of numerous intersections within Al Shindagha Corridor Improvement Project, including the opening of Improvement of Sheikh Rashid Road-Oud Metha Street Intersection on (Wafi Intersection), and the improvement of the Sheikh Rashid Road and Sheikh Khalifa bin Zayed Street Intersection, which included the construction of two bridges on the Sheikh Khalifa bin Zayed Street comprising two lanes in each direction. It also included the construction of a one-lane bridge from Zabeel Street in the direction of Sheikh Rashid Road and a tunnel on Sheikh Rashid Road in the direction of Sheikh Rashid-Al Mankhool Intersection comprising four lanes in each direction.
“RTA also opened five bridges leading to Deira Islands, which provide entry/exit points to Deira Islands at the intersection of Al Khaleej-Abu Baker Al Siddique Streets. The bridges and ramps span 2,571m in length and have a total capacity of approximately 20,700 vehicles per hour.
“RTA also opened a main bridge on Al Khaleej Street extending 570 metres comprising three lanes in the direction of Bur Dubai as well as a surface junction at the intersection of Al Khaleej Street and Omar bin Al Khattab Street. The bridge can handle 4,800 vehicles per hour and serve the traffic on Al Khaleej Street inbound from the intersection of Abu Baker Al Siddiq Street and Deira Islands in the direction of Al-Shindagha Tunnel.
“Early last year RTA opened the Infinity Bridge extending approximately 295m and consisting of six lanes in each direction in addition to a combined 3-metre-wide track for pedestrians and cyclists. The bridge features an architectural arch shaped in the form of the infinity symbol rising 42m at the top. It boasts an iconic structural design inspired by the infinity concept, which replicates the unlimited ambitions of Dubai. The bridge, with its exceptional architectural design, is a unique sign for Dubai globally,” he elaborated.
Under Construction
“RTA has made significant progress in the construction works of the Falcon Interchange Improvement Project, which includes the construction of two bridges along Al Khaleej Street. The first bridge extends 750m North, and the second one stretches 1075m South. The bridges have 6 lanes in each direction with a capacity of up to 24,000 vehicles per hour in both directions. Works include the construction of a single-lane bridge extending 250m for the right-turn from Khalid bin Al Waleed Street to Al Khaleej Street with a capacity of 1600 vehicles per hour. Works underway include a two-lane 500m tunnel for left turns from Khaled bin Al Waleed Street to Al Mina Road capable of handling 3200 vehicles per hour in addition to a surface signalised intersection linking Al Khaleej with Al Ghubaiba and Khaled bin Al Waleed Streets.


Source: Emirates News Agecny

Abu Dhabi to host Regional Conference of WMO’s Regional Association II (Asia)

ABU DHABI, 12th March, 2023 (WAM) — The National Center of Meteorology (NCM) is set to host the Regional Conference (RECO) of WMO’s Regional Association II (Asia) in Abu Dhabi from 13th to 16th March 2023-
RECO aims to provide a forum for the National Meteorological and Hydrological Services (NMHSs) of RA II to address the emerging issues and challenges, strengthen regional cooperation and enhance partnerships for the implementation of World Meteorological Organisation (WMO) resolutions and decisions in view of regional priorities.
The Conference will feature a hybrid format with 150 participants, including the Permanent Representatives of WMO Members from Asia, and key representatives of United Nations Office for Disaster Risk Reduction (UNDRR), United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), and United Nations Economic and Social Commission for Western Asia (ESCWA).
RECO will kick off on 13th March with a one-day high-level session focusing on the United Nation’s Early Warnings for All initiative. The session will be addressed by Petri Taalas, WMO Secretary General, Dr. Abdulla Al Mandous, Director General of the NCM, and President of the Regional Association II (Asia) along with the participation of the Ambassadors of RA II Asia’s 35-member countries.
Dr. Mandous said: “The Regional Conference of RA II (Asia) is a crucial platform to discuss our collective efforts to enhance the region’s early warning systems and improve resilience in the face of emerging weather and climate-related hazards. We are confident that the outcomes and recommendation of this event will contribute to strengthening the collaboration among National Meteorological and Hydrological Services (NMHSs), enhancing their capacities to provide improved and more timely weather, climate and hydrological services, and develop effective and coordinated disaster response plans to protect lives and livelihoods.”
l Mandous added: “Hosting this regional event demonstrates NCM’s prominent role in promoting national and regional capacity development, data exchange and research collaboration to develop more accurate and reliable weather forecasting models. By working together across borders, we aim to develop more effective and comprehensive strategies for mitigating the impacts of extreme weather events. This will ultimately improve the ability and preparedness of our countries to predict and respond to severe weather events and reduce their impact on lives, livelihoods, and properties.”
From 14th to 16th March, the conference will include sessions to cover technical matters and different components of early warning systems, infrastructure and meteorological and hydrological services. Furthermore, the RA II Research Forum will convene on the last day of the event.
t the end of the conference, a high-level statement of the participants will be released on the UN initiative ‘Early warning for All’ for implementation of climate adaptation. The statement will commend the launch of the Executive Action Plan for the ‘Early warning for All’ initiative announced during last COP 27 and put forward its recommendations in support of the initiative.
The UN initiative ‘Early warning for All’ has gained significant momentum recently as part of the ongoing global efforts to tackle the impact of climate change. Dr. Al Mandous, who has been named by the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) as the UAE’s official candidate for the presidency of WMO, announced that his election campaign will focus on accelerating an internationally coordinated action to achieve UN Secretary-General’s request to ensure that ‘every person on Earth is protected by Early Warning Systems in the next five years’. To achieve this goal, Dr. Al Mandous aims to take up the Executive Action Plan unveiled at COP 27 on Early Warning for All, lead its implementation and ensure the policy, technical and financial solutions to fast track the implementation.

Source: Emirates News Agecny

Aramco announces full-year 2022 results, reporting a record net income of $161.1 billion

DHAHRAN,12th March, 2023 (WAM) The Saudi Arabian Oil Company (Aramco or the Company) today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023.
The results were underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products, while the Company continues to strengthen its oil and gas production capacity, as well as its downstream portfolio, to meet anticipated future demand.
Commenting on the results, Aramco President and CEO Amin H. Nasser, said: ”Aamco delivered record financial performance in 2022, as oil prices strengthened due to increased demand around the world. We also continued to focus on our long-term strategy, building both capacity and capability across the value chain with the aim of addressing energy security and sustainability.
“Given that we anticipate oil and gas will remain essential for the foreseeable future, the risks of underinvestment in our industry are real — including contributing to higher energy prices. To leverage our unique advantages at scale and be part of the global solution, Aramco has embarked on the largest capital spending program in its history, and last year our capex rose by 18.0% to reach $37.6 billion.
“Our focus is not only on expanding oil, gas and chemicals production, but also investing in new lower-carbon technologies with potential to achieve additional emission reductions — in our own operations and for end users of our products.”
ramco’s net income increased by 46.5% to a record $161.1 billion in 2022, compared to $110.0 billion in 2021. The increase in net income reflects stronger crude oil prices, higher volumes sold and improved margins for refined products. Q4 2022 net income is in line with analyst estimates, excluding certain non-cash items of around $3.3 billion.
Free cash flow reached a record $148.5 billion in 2022, compared to $107.5 billion in 2021. Aramco continues to emphasize a strong balance sheet and its gearing ratio at the end of 2022 was -7.9%, compared to 12.0% at the end of 2021.
ramco declared a dividend of $19.5 billion for the fourth quarter, to be paid in Q1 2023. This represents a 4.0% increase compared to the previous quarter, aligned with the Company’s dividend policy aiming to deliver a sustainable and progressive dividend. Additionally, the Board of Directors also recommended the distribution of bonus shares to eligible shareholders in the amount of one share for every 10 shares held, subject to required Extraordinary General Assembly and regulatory approvals.
Capital expenditure in 2022 was $37.6 billion, an increase of 18.0% from 2021. Aramco expects 2023 capital expenditure to be approximately $45.0 billion to $55.0 billion including external investments, with capex increasing until around the middle of the decade.
ramco also completed an energy infrastructure deal in February 2022 resulting in a consortium of investors, led by BlackRock Real Assets and Hassana Investment Company, acquiring a 49% stake in a newly formed subsidiary, Aramco Gas Pipelines Company (AGPC), for $15.5 billion.
In 2022, Aramco’s average hydrocarbon production was 13.6 million barrels of oil equivalent per day (mmboed), including 11.5 million barrels per day (mmbpd) of total liquids.
ramco continued its strong track record of supply reliability by delivering crude oil and other products with 99.9% reliability in 2022. It was the third year running that Aramco achieved this level of reliability.
Upstream continues to execute its growth plans to promote long-term productivity of Saudi Arabia’s reservoirs and is proceeding with implementing the Government’s mandate to increase Aramco’s crude oil MSC to 13.0 mmbpd by 2027.

Source: Emirates News Agecny

Kazakhstan is set to export over 9 million tons of grain and flour in 2023

STANA.12th March, 2023 (WAM) Kazakhstan is set to export over 9 million tons of grain and flour this year, Azat Sultanov, Director of the agriculture department, said.
”Traditionally, we export 6.7 million tons of grain and 1.5-2 million tons of flour. Last year, we exported a record 13.2mn tons of grain and flour in grain equivalent,” said Sultanov as quoted by Kazakh international news agency (KAZINFORM).
He went on to add that the export geography remained unchanged.
Tariq Al Fahaam

Source: Emirates News Agecny