Company Insights Al Tayer Group Retail Al Tayer Group Overview Al Tayer Group is a privately held holding group with interests in sectors including luxury retail, perfume and cosmetics, automobile sales, real estate and engineering. It operates in six countries in the Middle East from its headquarters in Dubai. Launched as a travel agency and Al Tayer Industries, it diversified into perfume distribution in 1982 and into vehicles in 1982. In the early 1990s the group branched out into interior fit-outs and then into retail in 1992. The retail division of Al Tayer Group now has more than 200 stores in the Middle East and acts as host to numerous designer brands including Bulgari, Prada and Yves Saint Laurent. In Kuwait and the UAE it operates 22 Armani stores. Al Tayer’s Insignia opened Bloomingdale’s in Dubai in 2010. Al Tayer’s automotive division represents Ferrari, Maserati, Jaguar, Land Rover, Lincoln, Ford, VinFast, Deepal, Ford Trucks and Foton across the UAE. In 2015 the group entered into a joint venture with the UK’s King’s College Hospital, creating King’s College Hospital Dubai, and in 2018 it began to build and operate cinemas across the GCC in collaboration with Cinépolis. Al Tayer Group subsidiaries include AATI Contracts, AlTayer Stocks, Al Tayer Travel Agency and Precision Group. Al Tayer Group News Infrastructure Dubai awards $5.6bn metro contract to Turkish-Chinese consortium Dubai Roads and Transport Authority (RTA) has awarded the AED20.5 billion ($5.6 billion) contract for the Dubai Metro Blue Line project to a consortium of three Turkish and Chinese companies. Three consortia advanced to the final stage before the contract was awarded to Mapa Group from Turkey, in partnership with Limak (Turkey), which will oversee […] December 19, 2024 Energy Dubai’s Dragon Oil expands Turkmenistan production Dragon Oil, wholly-owned by the Dubai government, plans to invest more than $10 billion to expand production from the Cheleken concession area in Turkmenistan. The investments are expected to increase the cumulative crude production capacity to 447 million barrels, the UAE state-run Wam news agency reported. The Dubai-headquartered company has been operating the offshore Cheleken […] August 29, 2024 Renewable Energy Parkin to roll out more green EV chargers across Dubai Dubai is expanding its network of electric vehicle (EV) chargers as part of the emirate’s push to accelerate smart and green mobility. Parkin, the state-backed parking management company, has signed an agreement with the Dubai Electricity and Water Authority (Dewa) to increase the number of EV green charger stations at prime locations across the emirate. Parkin […] May 24, 2024 Transport Dubai road toll revenue hits $153m as tourism flourishes Revenue generated by Dubai’s road toll operator Salik rose 8 percent year on year to AED562 million ($153 million) in the first quarter of 2024, as the number of tourists to the city continues to rise. There were 122 million revenue-generating trips through eight toll gates in the first three months of the year. Net profit […] May 13, 2024 Renewable Energy Dewa advances fourth phase of $4.3bn Dubai solar park Dubai Electricity and Water Authority (Dewa) has commissioned the 200 MW second unit of the parabolic basin complex in the fourth phase of the AED15.78 billion ($4.3 billion) Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, managing director and chief executive of Dewa, said in a statement the solar park’s production capacity […] October 3, 2023 Construction Dubai Islands-Bur Dubai bridge to be ready by 2026 Dubai’s Roads and Transport Authority has signed an agreement with state-owned Nakheel to construct direct entrances and exits from bridges to the Dubai Islands from Bur Dubai. The Dubai Islands project will have entry and exit points on the Bur Dubai side through a bridge stretching across the Dubai Creek between the Infinity Bridge and […] September 14, 2023 Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023 Renewable Energy Dewa selects Masdar to build 6th phase of mega solar park Dubai Electricity and Water Authority (Dewa) has selected the Abu Dhabi Future Energy Company (Masdar) to build and operate the 1,800 MW sixth phase of Mohammed bin Rashid Al Maktoum Solar Park. It has an estimated cost of AED5.51 billion ($1.50 billion). The Dubai-listed utility achieved the lowest levelised cost of energy of $1.6215 cents […] August 14, 2023 Analysis Energy Sunny times ahead for Gulf’s solar market Developers are making the most of an expanding pool of public tenders for the Gulf’s solar market, with the UAE and Saudi Arabia leading the way. Experts said the sector was in a healthy state despite the coronavirus pandemic and war in Ukraine curbing development, compounded further by the global spike in inflation during 2022. […] February 20, 2023 Tech Ready for take-off: Dubai to have flying taxis by 2026 Flying taxis will become operational in Dubai by 2026, with “vertiports” initially connecting downtown Dubai, Dubai Marina, Dubai International Airport and Palm Jumeirah, says the Dubai Roads and Transport Authority. Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister of the UAE and the ruler of Dubai, approved RTA models of aerial […] February 13, 2023 Posts navigation 1 2 Next
Infrastructure Dubai awards $5.6bn metro contract to Turkish-Chinese consortium Dubai Roads and Transport Authority (RTA) has awarded the AED20.5 billion ($5.6 billion) contract for the Dubai Metro Blue Line project to a consortium of three Turkish and Chinese companies. Three consortia advanced to the final stage before the contract was awarded to Mapa Group from Turkey, in partnership with Limak (Turkey), which will oversee […] December 19, 2024
Energy Dubai’s Dragon Oil expands Turkmenistan production Dragon Oil, wholly-owned by the Dubai government, plans to invest more than $10 billion to expand production from the Cheleken concession area in Turkmenistan. The investments are expected to increase the cumulative crude production capacity to 447 million barrels, the UAE state-run Wam news agency reported. The Dubai-headquartered company has been operating the offshore Cheleken […] August 29, 2024
Renewable Energy Parkin to roll out more green EV chargers across Dubai Dubai is expanding its network of electric vehicle (EV) chargers as part of the emirate’s push to accelerate smart and green mobility. Parkin, the state-backed parking management company, has signed an agreement with the Dubai Electricity and Water Authority (Dewa) to increase the number of EV green charger stations at prime locations across the emirate. Parkin […] May 24, 2024
Transport Dubai road toll revenue hits $153m as tourism flourishes Revenue generated by Dubai’s road toll operator Salik rose 8 percent year on year to AED562 million ($153 million) in the first quarter of 2024, as the number of tourists to the city continues to rise. There were 122 million revenue-generating trips through eight toll gates in the first three months of the year. Net profit […] May 13, 2024
Renewable Energy Dewa advances fourth phase of $4.3bn Dubai solar park Dubai Electricity and Water Authority (Dewa) has commissioned the 200 MW second unit of the parabolic basin complex in the fourth phase of the AED15.78 billion ($4.3 billion) Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, managing director and chief executive of Dewa, said in a statement the solar park’s production capacity […] October 3, 2023
Construction Dubai Islands-Bur Dubai bridge to be ready by 2026 Dubai’s Roads and Transport Authority has signed an agreement with state-owned Nakheel to construct direct entrances and exits from bridges to the Dubai Islands from Bur Dubai. The Dubai Islands project will have entry and exit points on the Bur Dubai side through a bridge stretching across the Dubai Creek between the Infinity Bridge and […] September 14, 2023
Infrastructure Dewa selects Acwa Power to develop $914m water project Dubai Electricity and Water Authority (Dewa) has selected Saudi Arabia’s Public Investment Fund-backed Acwa Power as the preferred bidder for the construction and operation of the AED3.38 billion ($914 million) Hassyan phase one independent water producer (IWP) project. The project is the largest of its kind in the world for water production-based sea water reverse osmosis […] August 17, 2023
Renewable Energy Dewa selects Masdar to build 6th phase of mega solar park Dubai Electricity and Water Authority (Dewa) has selected the Abu Dhabi Future Energy Company (Masdar) to build and operate the 1,800 MW sixth phase of Mohammed bin Rashid Al Maktoum Solar Park. It has an estimated cost of AED5.51 billion ($1.50 billion). The Dubai-listed utility achieved the lowest levelised cost of energy of $1.6215 cents […] August 14, 2023
Analysis Energy Sunny times ahead for Gulf’s solar market Developers are making the most of an expanding pool of public tenders for the Gulf’s solar market, with the UAE and Saudi Arabia leading the way. Experts said the sector was in a healthy state despite the coronavirus pandemic and war in Ukraine curbing development, compounded further by the global spike in inflation during 2022. […] February 20, 2023
Tech Ready for take-off: Dubai to have flying taxis by 2026 Flying taxis will become operational in Dubai by 2026, with “vertiports” initially connecting downtown Dubai, Dubai Marina, Dubai International Airport and Palm Jumeirah, says the Dubai Roads and Transport Authority. Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister of the UAE and the ruler of Dubai, approved RTA models of aerial […] February 13, 2023
