Tag Archives: project

Dubai Reefs project aims to generate more than 30,000 jobs in a green economy

Dubai Reefs consists of a sustainable floating community for marine research, regeneration & ecotourism. The project includes residential, hospitality, retail, educational & research facilities. The project aims to generate more than 30,000 jobs in a green economy. Dubai Reefs is a floating living lab for marine restoration & ecotourism.  The marine institute will be the heart of the project, working towards greater protection of the marine and coastal environment of Dubai. It aims to accelerate the marine science and conservation capacity of Dubai, whilst building the most diverse artificial reef, covering 200 square kilometres. It also aims to create a home to more than 1 billion corals & to more than 100 million mangrove trees. The project will also offer unique experiences in marine ecotourism with various floating eco lodges, all of which are powered by 100% renewable energy with various types of solar & hydropower. These include wave farms that will also produce additional clean energy for Dubai’s growing population Regenerative Ocean Farming is another key feature of the project, which is a climate friendly food production technique. CEO of URB, Baharash Bagherian, highlights the significance of the project for Dubai as well as coastal cities at risk of sea level rise. “The health of our cities is intrinsically tied to the health of our oceans. The ocean is the source of life controlling everything. Given that everything on our planet is connected, a healthy ocean is a healthy city. Our ocean will be entirely different by the end of the century if we don’t take action today. We need an entrepreneurial spirit in the planning of coastal cities & the types of infrastructure as well as developments that are linked …

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Serravalle: new investment plan of 20 million euros for the 2024-2025 biennium

McArthurGlen Group’s Serravalle Designer Outlet presented on 6th December the closing forecasts for the year 2023, with outstanding results that confirm the Center as an internationally significant shopping and tourism destination. The estimated data shared anticipate a return to pre-pandemic levels with an influx of 6 million visitors and a double-digit growth forecast in turnover compared to 2019. Building on these results, McArthurGlen Group has announced a new investment plan of 20 million euros for the 2024-2025 biennium, dedicated to the Piedmont Center. The funds, in line with the Group’s values and a focus on continuous improvement, will be primarily allocated to enhancing the visitor experience and further reducing the Outlet’s environmental impact, demonstrating an increasingly deep and explicit commitment to sustainability. Among the projects in the new investment plan, to make the tourist experience more enjoyable and fulfilling, a new Tourism Hub will be built to welcome international guests and facilitate tax refund procedures. Significant expansions of the existing hospitality areas are also planned, including tripling the size of the Guest Lounge, introducing a dedicated space for conventions, and enhancing Guest Services through the extension and creation of a specific area for organized groups. The planned works also include the refurbishment of parking lots, with the aim of optimizing traffic flow and guiding guests to available parking areas through the implementation of digital signage. The “Green Oasis and Urban Furnishing” project, already initiated in 2023 to facilitate guest orientation and enhance storefront visibility, will be further implemented in a sustainable manner by reducing paved surfaces in favor of green spaces. Five squares have already been completely renovated with the addition of numerous trees and perennial plants, as well as …

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