Kapsch TrafficCom wins major tunnel management project in Middle East
Asia Press Release Implementation and maintenance of tunnel management systems for five tunnels in Emirate of Sharjah
Cutting-edge AI solution to potentially integrate with the mechanical, electrical & plumbing systems to further upgrade state-of-the-art road safety systems at a later date VIENNA, AUSTRIA / SHARJAH, UAE - Media OutReach Newswire - 14 May 2025 - Kapsch TrafficCom was awarded the system implementation and maintenance of five tunnels by Sharjah Roads & Transport Authority (SRTA), Govt, of Sharjah. Left-to-right: Sonal Ahuja, Director Mobility at Kapsch TrafficCom, Michael Weber, Head of Sales EMEA at Kapsch TrafficCom, His Excellency Eng. Yousef Khamis Muhammad Al Othmani, Chairman of SRTA, Dr. Eng. Mohsin Ali Balwan, Director of Traffic Engineering Department (SRTA), Eng. Khaled Abdulkarim Albanna (SRTA) The tunnels are located on the road that connects the economic hub Khorfakkan with the rest of the Emirate through the Hajar Mountains, cutting driving time from the port city to the capital Sharjah from over 100 minutes to around 45 minutes. Starting with May 2025, Kapsch TrafficCom will be responsible for enhancing the operational efficiency, safety and regulatory compliance of the tunnel systems. The contract with a value in the double digit millions extends over three years of delivery and two years of subsequent maintenance for a total project length of five years. The project also includes the option to add AI-driven advanced traffic management systems at a later date.
Carolin Treichl, EVP EMEA at Kapsch TrafficCom, comments on the award: "We are proud that SRTA chose Kapsch TrafficCom. The new system increases traffic safety, improves air quality and potentially saves lives with incident detection, fire detection, and firefighting systems. We are looking forward to working with SRTA to deliver this important project." Michael Weber, Head of Sales EMEA at Kapsch TrafficCom, adds: "This is an essential project for us that will allow us to grow our presence in the region. The technology we are deploying here is also used in other infrastructure projects in Europe and the USA to great success."
Dr Mohsin Bin Balwan, Director of Traffic Engineering Department at SRTA, comments: "This project underscores our commitment to develop and maintain a robust transportation infrastructure that fosters the Emirate's sustainable development and growth. By leveraging advanced technologies from global companies like Kapsch TrafficCom, SRTA aims to improve the quality of life for residents and visitors alike. This project marks a pivotal step towards Sharjah's vision for AI driven and intelligent transport ecosystem solutions. The use of advanced artificial intelligence to monitor and respond to tunnel conditions in real-time significantly enhances public safety. These tunnels are set to become among the most intelligent and safe tunnel systems globally."
Project details The project involves the implementation and maintenance of various mechanical, electrical, and plumbing systems for five tunnels. Key systems include: Advanced Traffic Management System
Tunnel Ventilation System
Emergency Telephone System
Backbone Communication Network System
SCADA Integration System for real-time control
CCTV System, Incident Detection, and interrelated analytics
Lighting, Evacuation, and Fire Safety Systems
Power supply and environmental utilities
Server and XR-enabled control room facilities The tunnels, among them the Al Multaqa tunnel which, at 2.7 kilometers is the longest covered tunnel in the Middle East, are essential for improving congestion, reducing travel time for trade and tourism, enhancing the air quality and ensuring reliability of the roadway infrastructure and driver safety.
More information: Press | Kapsch TrafficCom
Kapsch TrafficCom is a globally renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.With one-stop-shop-solutions, the company covers the entire value chain of customers, from components to design and implementation to the operation of systems.Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in the Prime Market segment of the Vienna Stock Exchange (ticker symbol: KTCG). In its 2023/24 financial year, about 4,000 employees generated revenues of EUR 539 million. Hashtag: #Kapsch
http://www.kapsch.net/
https://www.linkedin.com/company/kapsch-trafficcom-ag/
The issuer is solely responsible for the content of this announcement.
Kapsch TrafficCom
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an 'as is' and 'as available' basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
29 minutes ago
- Arabian Post
UAE Fund Backs Trump-Linked Crypto with $100m Governance Stake
Arabian Post Staff -Dubai A UAE-based investment vehicle, Aqua 1 Foundation, has acquired $100 million in governance tokens from World Liberty Financial, the cryptocurrency venture affiliated with the Trump family, making it the most prominent publicly disclosed investor to date. The move, confirmed by both parties, signals a strategic push to accelerate the creation of a blockchain-based financial ecosystem built on stablecoins and tokenised real-world assets. Aqua 1 described the allocation of governance tokens—known as WLFI—as an opportunity to contribute to decisions on the platform's development. Although WLFI is currently non-transferable, World Liberty has confirmed it is 'working behind the scenes' to enable trading functionality. At the Permissionless conference in Brooklyn, WLF co‑founder Zak Folkman stated that WLFI could soon be tradable, with the stablecoin set for an independent audit 'within days'. ADVERTISEMENT Dave Lee, founding partner at Aqua 1, emphasised the synergy expected from the partnership, citing plans to jointly identify and foster high‑potential blockchain initiatives. The intention is to integrate WLF's USD1 stablecoin infrastructure into global commercial payments and treasury systems. The move marks Aqua 1 as a key bridge between traditional finance and decentralised finance, aligning with its ambition to extend influence into South America, Europe, Asia and Middle Eastern markets. Despite its substantial investment, Aqua 1 has maintained a low profile. Reports indicate its web presence is minimal—with just a handful of social media posts and evidence of a website only registered on 28 May. WLF, launched in late 2024 by Donald Trump, three of his sons and associate Steve Witkoff, has raised well over half a billion dollars through token sales. The Trump family controls a significant stake—around 60% ownership and 75% of net token sales revenue—raising concerns over conflicts of interest. Democratic lawmakers and ethics watchdogs have repeatedly voiced apprehension that these financial interests may influence policy, amid reports that WLF proceeds reached hundreds of millions of dollars. WLF's stablecoin, USD1, is 100% backed and supported by U.S. dollar reserves, including Treasuries, and has already drawn sizeable institutional backing. In May, an Abu Dhabi firm used USD1 in a $2 billion transaction with Binance, while WLF prepares to publish an attestation of its stablecoin reserves as part of forthcoming audit disclosures. The institutionalisation of WLFI governance aligns with the platform's roadmap, which includes plans to launch a consumer‑friendly mobile app to streamline access to its digital ecosystem. The expected transition to transferable governance tokens is likely a precondition to broader distribution and potential listings on third‑party exchanges. Regulatory scrutiny remains a key challenge. Critics argue that WLF's entanglement of private financial interests with public office contradicts norms protecting against foreign influence. At least one senator has raised concerns after the Abu Dhabi stablecoin transaction. Additional worries stem from the Trump administration's shift toward crypto deregulation, a change that coincides with WLF's rise, prompting concerns from ethics groups about policy bias favoring the platform. That overlap of influence has fuelled broader debates in Congress. Legislators have begun proposing amendments such as the GENIUS Act, which would regulate stablecoins more robustly, and restrictions on digital asset investments by sitting presidents. Observers note that WLFI's new status and Aqua 1's involvement could sharpen the need for regulatory clarity and transparency around token governance. Meanwhile, WLF's expansion plans are proceeding apace. The platform is reportedly developing a Middle East‑based Aqua Fund to support digital economy projects leveraging blockchain and artificial intelligence. The collaboration is expected to produce tokenisation platforms such as BlockRock, targeting institutional asset-digitisation markets. Aqua 1's governance stake marks a turning point. By becoming the lead institutional backer, the foundation now holds significant influence over decisions shaping WLF's evolution. With token transferability and app launches on the horizon, WLFI stands poised for a new phase of adoption—though progress will likely be watched closely by regulators and investors alike.
Arabian Business
an hour ago
- Arabian Business
UAE travel update: Emirates announces flight cancellations
UAE air travel disruption is set to continue as Dubai carrier Emirates has revealed an extension to flight suspension in the region. Although Emirates confirmed it will resume flights to Iraq from Tuesday, it said Iran flights face further suspensions. A travel advisory revealed Iran and Iraq flights will resume: Tehran, Iran: After July 5 Baghdad, Iraq: July 1 Basra, Iraq: July2 Emirates UAE-Iran flight suspension In a statement, Emirates said: 'Due to the regional situation, Emirates has cancelled all the flights to/from Tehran until and including July 5, 2025. 'Customers connecting through Dubai with final destinations in Iran will not be accepted for travel at their point of origin until further notice. Customers impacted by flight cancellations must contact their travel agency for rebooking. If booked directly with Emirates, please contact us. 'Operations to Baghdad will recommence on Tuesday July 1, 2025 and Basra on Wednesday, July 2, 2025. Customers connecting through Dubai to Iraq will be accepted for travel at their point of origin. 'We apologise for any inconvenience caused to our customers. We continue to closely monitor developments. The safety of our passengers, employees and operations will always be our top priority'. Tehran – Dubai Until and including July 5, 2025 After July 5, 2025 All flights to/from Tehran cancelled; no Dubai connections to Iran accepted; passengers must rebook via agency or Emirates. Baghdad – Dubai Until June 30, 2025 July 1, 2025 Flights recommence on July 1; Dubai connections to Iraq accepted. Basra – Dubai Until July 1, 2025 July 2, 2025 Flights recommence on July 2; Dubai connections to Iraq accepted.
Khaleej Times
an hour ago
- Khaleej Times
Buying off-plan property in Dubai: What happens if the developer delays?
Question: I am considering purchasing an off-plan property in Dubai. If the developer fails to deliver as promised, what legal recourse do I have? Answer: In Dubai, a purchaser and a developer (seller) enter into a Sale Purchase Agreement (SPA) about the property which is sold on an off-plan basis. The SPA will include clauses regarding the purchase price, completion date, compensation for breaches, and force majeure terms (beyond the control of the parties to the agreement), among others. Therefore, the relationship between the purchaser and the developer (seller) is governed in accordance with the agreed-upon terms and conditions of the SPA. The SPA will be implemented in good faith in accordance with the clauses mentioned in it. This is by Article 246 (1) of the Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates, which states, '1. The contract shall be implemented according to the provisions contained therein and in a manner consistent with the requirements of good faith." Stay up to date with the latest news. Follow KT on WhatsApp Channels. Furthermore, in the event of a breach of any of the clauses in the SPA, one of the parties may be entitled to compensation as mentioned in the SPA or as determined by a judge in a court with jurisdiction in Dubai. This is by Article 295 of the UAE Civil Transactions Law, which states, 'Damages will consist of a money payment. Upon request of the victim, however, the judge may, by the circumstances, order that the damage be made good by restoring the parties to their original status, or by performing, in compensation, a specific matter connected with the prejudicial act.' Additionally, if a dispute arises with a seller (developer), a purchaser may approach the Dubai Land Department (DLD) to settle the matter amicably. This is by Article 14 of the Executive Council Resolution No. 6 of 2010 Approving the Implementing by law of Law No., 13 of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai (the 'Executive Council Resolution No. 6 of 2010'), which states, 'Where any dispute between a developer and a purchase, the DLD may undertake conciliatory efforts to preserve their contractual relationship and may propose any solutions it deems appropriate to achieve this objective. Where the developer and the purchaser reach an amicable settlement, that settlement shall be documented in a written agreement executed by the developer and the purchaser or their respective representatives. Upon approval of that agreement by the DLD, it shall become binding on both parties.' Furthermore, based on a complaint made by a purchaser, if the DLD is satisfied that the developer (seller) has committed breaches of the SPA, it may prepare a report and refer it to competent authorities for further action or decision. This is under Article 13 of Law No. 13 of 2008 regulating the Interim Real Property Register in the Emirate of Dubai, which states, 'Where it is established to the satisfaction of the DLD that the developer or broker has committed any act or omission in violation of the provisions of this law, or any other legislation in force, the Director General of the DLD must prepare a report on the same and refer the case to the competent entities for investigation.' However, a developer (seller) may plead before a competent authority or a court that it was not able to fulfil obligations mentioned in the SPA related to the handover of property due to force majeure (reasons beyond the control of a developer). This is by Article 21 of Executive Council Resolution No. 6 of 2010. Based on the aforementioned provisions of law, if there is a delay by your developer (seller) in handing over the apartment to you as agreed by the developer (seller), you may initially approach the DLD and file a complaint against the developer (seller) before approaching a court. Alternatively, you may directly approach a court with jurisdiction in Dubai to file a civil case against the developer (seller) and seek compensation for the delay in the handover of the apartment to you. The court may decide your case whether you are entitled to compensation based on the provisions of the SPA.
