Corporate World

In line with its Corporate Social Responsibility program, National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has extended help to underprivileged children through Dar Al Atta’a’s charity initiative. As part of the philanthropic program, the company distributed family coupons redeemable at Red Tag, a fashionable clothing store, to 200 children enabling them to buy new clothes for seasonal festivities.

The Kingdom of Saudi Arabia’s (KSA) construction industry is expected to continue its growth in the next few years with the value of projects planned and under way estimated to be over SAR 3.75 trillion. This encompasses several sectors, including transport, infrastructure, utilities, education and healthcare, reflecting the prioritization of upgrades to local roads, rail, port and airports along with other facilities in order to attract private investment. To complement the growth and development across the KSA, the government has made its largest allocation for the 2015 budget toward the transport and infrastructure sector of SAR 630 billion.

Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for sustaining infrastructure, today announced that Leica Geosystems will incorporate Bentley’s Acute3D reality modeling software into its advanced oblique airborne imaging solutions for both unmanned aerial vehicles (UAVs) and piloted aircraft. Leica Geosystems, a leader in geospatial data acquisition and mapping products, has selected Acute3D software to generate full 3D “reality mesh” representations from its airborne photogrammetric imagery. This combination of software and hardware advancements will enable users to take full advantage of integrated 3D surveying and mapping.

Brother International (Gulf) FZE, a leader in home and industrial sewing machines, has launched two special anniversary edition of Hello Kitty home sewing machine, NV980K and GS2786K. NV980K multi-function machines combine sewing, quilting and embroidery features with the latest innovation and technology.

Despite various Q2 indicators pointing to a softer second half, the UAE’s real estate market managed to perform resiliently in Q3 2015. Prices did not go down as significantly as expected except in some cases, with local consultancies now saying that the time is right for tenants to become homeowners given how equated monthly installments are falling below the monthly rental outgo. These were among the key findings of the latest market intelligence report from TASWEEK Real Estate Development.