Dh8 billion SRK Boulevard project revival on cards

August 6, 2014

SRK BoulevardAbu Dhabi, Aug 6: As the UAE’s real estate stages a strong rebound from historic lows after the global financial crisis, Bollywood superstar Shah Rukh Khan is seen to be an active player in the emirate’s fast-growing industry.

The legendary film star, entertainment mogul, sports magnate and the business-savvy actor is going to be back in the emirate’s property business with a bang by launching a Dh2.4 billion The Royal Estates by SRK project in Dubai today.

The superstar, also known as “King Khan” and owns Red Chillies Entertainment and the Kolkata Knight Riders, is also expected to be part of another landmark development in coming days by announcing a revival of seven-year old mega project in Ras Al Khaimah.

In an exclusive interview with Khaleej Times, Khan expressed his desire to revive Dh8 billion SRK Boulevard project “very soon”. The mega development was launched in 2007 but put on hold later in the wake of the global financial crisis. It was not the only development that was halted as several other projects across the UAE were also put on hold because of the financial crisis that badly hit the property business in Dubai.

“I’m not well versed with the real estate business. I did participate in a wonderful venture called SRK Boulevard and I hope I can restart the project soon,” Khan said.

Khan, who also owns a villa on Palm Jumeirah, didn’t rule out a property business venture in the future and said if there is an “exciting proposal” like SRK Boulevard, he might consider it positively.

“SRK Boulevard was really very exciting because I was designing the project and hopefully, maybe, we will be able to revive it again very soon,” Khan said. SRK Boulevard, comprising multiple residential towers on Dana Island off Ras Al Khaimah, was to house several hotels, a shopping centre and commercial complexes spread across 6.3 million sqm. King Khan, who was actively involved in from start to finish of SRK Boulevard, contributes extensively to the conceptualisation and design of the residential complex that bears his name and is expected to have a home in it.

According to industry sources, the project is likely to be re-launched under a new developer and its design concept is being currently reworked to add or remove certain components from the original plan.

Los Angeles-based architect Tony Ashai of Ashai Design Corporation, who was previously engaged to design SRK Boulevard, is now involved in The Real Estate by SRK to execute the Bollywood star’s dreams features in affordable housing project in Dubai’s booming market.

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News Network
April 25,2020

Apr 25: External Affairs Minister S Jaishankar on Friday spoke to his counterparts from Qatar, the UAE, Niger, Palestine and Czech Republic and held discussions around the coronavirus infection.

In conversation with Qatar Foreign Minister Mohammed bin Abdulrahman Al Thani, Jaishankar discussed their experience of dealing with coronavirus infection and also thanked him for taking care of the Indian community.

"A cordial conversation with FM @MBA_AlThani_ of #Qatar. Discussed our #coronavirus experiences. Thanked him for taking care of the Indian community. Such challenging times will only further strengthen our friendship," he said in a tweet.

Jaishankar also spoke to United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed.

"Pandemics further highlight the need for international cooperation. Few better examples than our relationship with #UAE. Applaud the generosity of spirit and clarity of policy that has characterised its approach. Thank HH @ABZayed for the warm conversation today," he said in another tweet.

Jaishankar also spoke to Niger Foreign Minister Kalla Ankourao and assured him of India's support in meeting the coronavirus challenge, including medicines.

"Just spoke with FM @kallaankourao of #Niger. Assured him of India's support in meeting the #coronavirus challenge, including medicines. Discussed its global implications in the context of the United Nations," he tweeted.

Jaishankar also discussed the coronavirus situation with Palestine Foreign Minister Riad Al Malki. "Welcomed speaking with FM Riad Al Malki of #Palestine. Discussed the #coronavirus situation. Assured him of Indian medical assistance," he said in a tweet.

He also exchanged experiences on coronavirus response with Czech Foreign Minister Tomas Petricek.

The minister said the two leaders agreed that there are valuable lessons for international cooperation.

"Glad to catch up with FM @TPetricek of #CzechRepublic. Exchanged our experiences on #coronavirus response. Agreed that there are valuable lessons for international cooperation. Look forward to keeping in touch," he said in a tweet.

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Agencies
April 27,2020

Riyad, Apr 27: The Saudi-led Arab Coalition supporting Yemen’s UN-recognized government on Monday urged all parties to end any escalation of hostilities and return to the status that existed before the Southern Transitional Council (STC) declared self-rule.

In a statement carried by the Saudi Press Agency (SPA), the coalition emphasized “the need to cancel any step that violates the Riyadh agreement and work to accelerate its implementation.” 

On Sunday, the United Arab Emirates-backed STC scrapped a peace deal with the internationally recognized government of President Abed Rabbo Mansour Hadi.

Accusing the government of corruption and mismanagement, the separatists said they would “self-govern” the key southern port city of Aden and other southern provinces.

Yemen’s Foreign Minister Mohammed Al-Hadhrami described the move as a “resumption of its (STC’s) armed insurgency and rejection and complete withdrawal from the Riyadh agreement.” 

Authorities in Yemen’s southern provinces of Hadramawt, Abyan, Shabwa, Al-Mahra and the remote island of Socotra also rejected the separatist group’s claim to self-rule.

The government said local and security authorities in the five provinces dismissed the move as a “clear and definite coup.” 

Some of the provinces issued their own statements condemning it.

The coalition appealed to all parties to “give priority to the interests of the Yemeni people over any other interests”. 

It also urged the parties involved not to lose their focus on working to achieve the goal of restoring the state, ending the Houthi “coup” and “countering terrorist organizations”.

“The Coalition has and will continue to undertake practical and systematic steps to implement the Riyadh Agreement between the parties to unite Yemeni ranks, restore state institutions and combat the scourge of terrorism,” the statement said. “The responsibility rests with the signatories to the Agreement to undertake national steps toward implementing its provisions, which were signed and agreed upon with a time matrix for implementation.”

The STC has been part of the coalition-backed forces fighting the Iran-backed Houthi militia, which seized control of the Yemeni capital Sanaa and other provinces in 2014.

The Houthi “coup” has led to the formation of the Saudi-led coalition, which had since driven away the Houthis from the south and other provinces. President Hadi’s government has made Aden as its temporary seat.

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Agencies
July 30,2020

Kuwait will allow citizens and residents to travel to and from the country, starting August 1, the government communication center tweeted on early Thursday, citing a cabinet decision.

The decision excludes residents coming from Bangladesh, Philippines, India, Sri Lanka, Pakistan, Iran, Nepal.

Last month, Kuwait announced it would partially resume commercial flights from August, but does not expect to reach full capacity until a year later, as its aviation sector gradually recovers from a suspension sparked by the Covid-19 crisis.

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