Dubai launches world's 'tallest' residential tower

Dubai developer Meydan announced the launch of a new giant project known as “Meydan One” featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, the biggest dancing fountains in the world and a retractable roof.

Spanish minister in Panama to end US$1.6b canal row

PANAMA CITY: A Spanish cabinet minister launched mediation efforts in Panama on Monday to resolve a US$1.6 billion dispute threatening to halt the expansion of the Central American nation's vital canal.
Public Works Minister Ana Pastor held separate meetings with Panama's president and executives of the Spanish-led consortium that has threatened to stop the project this month unless local authorities pay for the massive cost overruns.
After the two meetings, Pastor said the Grupo Unidos por el Canal (GUPC) consortium wanted to negotiate a way out of the impasse.
"The commitment of GUPC is to resolve everything within the contract and for that reason they will sit down for dialogue," she said.
"We are trying to reach an agreement that will be good for everybody," Pastor said after talks with Panamanian President Ricardo Martinelli.

Japan to start building world's biggest offshore wind farm this summer

Japan is to start building its ambitious wind farm project off the Fukushima coast in July. The farm is expected to become the world’s largest and produce 1GW of power once completed in 2020.
­The power-generating facility will be built 16 kilometers off the coast of the Fukushima Daiichi nuclear power plant, which was critically damaged by an earthquake and tsunami in March 2011.
The 143 wind turbines, which are to be 200 meters in height, will be built on buoyant steel frames stabilized with ballast and anchored to the continental shelf.

Thessaloniki Port opens second phase of marina tender

AMNA/ Thessaloniki Port Authority on Monday invited two business groups to submit binding bids in a tender to build and operate a new marina project, budgeted at 11.3 million euros. 

 

A port statement said that Lamda Development and a joint venture led by Aktor (also including Akte-Vega, Cosmos Yachting and Marina Kroslin GmbH) qualified for the second phase of bidding and can submit their offers by mid-October.