Latest news with #projectdelivery
Irish Times
2 days ago
- Business
- Irish Times
Government to prioritise infrastructure delivery as it unveils €200bn National Development Plan
Exemptions to some environmental assessments and a planning fast track for key national infrastructure are measures being studied by the Government as it bids to accelerate project delivery. The Cabinet committee on infrastructure was briefed last week on a review of blockages to delivery of projects and told that, while common-law jurisdictions are being hit hard by delays to infrastructure projects, Ireland is especially vulnerable due to the slow pace of the civil legal system here. As part of the review, reforms introduced in other countries are being examined, with the Government considering whether legislative steps are needed here. This comes as the Coalition prepares to unveil its €200 billion National Development Plan (NDP), which was agreed on Monday night when the funding allocation for the Department of Housing was signed off. READ MORE Officials are assessing legislative reforms undertaken in other common-law jurisdictions. The committee was told the California Environmental Quality Act essentially exempts developments on brownfield sites from certain environmental assessments. The committee heard Canada's One Canada Act enables the fast-tracking of infrastructure deemed to be of national importance. Infrastructure delivery is a priority for the Government as it seeks to tackle damaging shortfalls in housing in particular. Tánaiste Simon Harris recently told Fine Gael members that 'new ways' to better deliver infrastructure are needed, with the current process 'taking too long and causing significant problems for the economy and society'. It is understood that a presentation to the committee from the Department of Public Expenditure and Reform outlined changes made in the UK's planning and infrastructure bill, as well as reforms introduced in New Zealand and Australia. The committee was told that infrastructure delivery in Ireland is being held back by complex regulatory frameworks that in turn contribute to an increase in High Court judicial reviews, place a burden on the courts and contribute to uncertainty. All of this drives up costs and can lead to years-long delays. Meanwhile, co-ordination between regulators is lacking and there is duplication between processes, Ministers were told. They were also briefed on issues in procurement, State co-ordination and funding. [ Ireland's infrastructure is 32% behind international peers, IMF finds Opens in new window ] The Cabinet will on Tuesday sign off the NDP, allocating billions to water and grid infrastructure, as well as capital investment in the likes of prisons and sports facilities. There will be more money for defence as well, with increased funding for radar, sonar and protection for Irish troops. On Monday night talks were continuing in an effort to reach agreement on funding for housing and water projects. The Government is to allocate an additional €30 billion to its existing capital funding allocation to boost infrastructural development across the economy over the next five years under plans to be unveiled on Tuesday. The housing and water funding was the final element of the NDP agreed on Monday night, with €40 billion allocated over five years. Alongside the NDP, the summer economic statement, to be published on Tuesday by Minister for Finance Paschal Donohoe, will identify investment in water and energy infrastructure as a key priority for Budget 2026. Mr Donohoe will announce that the State will continue to put money away in the Infrastructure, Climate and Nature Fund and the Future Ireland Fund, to protect Ireland from external shocks, and in anticipation of the increased costs of an ageing society. Mr Harris will tell Cabinet that this year's summer statement differs from previous ones due to the threat of significant US tariffs. He will say that budget decisions have to focus on jobs and investment amid 'considerable uncertainty' in EU-US trade talks.
Khaleej Times
16-07-2025
- Business
- Khaleej Times
Prestige One Developments appoints Al Shafar Engineering as main contractor for upcoming projects
In a major step forward in its project delivery strategy, Prestige One Developments has officially appointed Al Shafar Engineering - one of the UAE's most respected construction firms - as the main contractor for its upcoming projects. The agreement was signed at Prestige One's headquarters, with the ceremony attended by Ajmal Saifi, CEO of Prestige One Developments, and Saif Ali Abdulla Al Shafar, CEO of Al Shafar Engineering. This is a significant collaboration that brings together two industry leaders who share a common vision: delivering quality, embracing innovation, and executing projects with precision. The partnership further bolsters Prestige One's ability to deliver landmark developments built to the highest standards of engineering and architectural integrity. "Bringing a firm of Al Shafar Engineering's calibre on board speaks to our deep commitment to construction excellence and our trust in partners who align with our long-term vision," said Ajmal Saifi. "Their proven expertise and operational strength perfectly complement the elevated standards we uphold across our expansive portfolio." Commenting on the partnership, Saif Ali Abdulla Al Shafar remarked: 'Prestige One Developments has demonstrated remarkable momentum and a clear executional ethos. We are proud to collaborate with a partner that mirrors our values of quality and forward-thinking delivery.' This announcement comes at a time of rapid expansion for Prestige One. The company recently opened its cutting-edge Customer Happiness Centre and expanded its Sales Gallery at Marina Plaza, clear indicators of its ongoing investment in exceptional client service and engagement infrastructure. Further reinforcing its upward trajectory, Prestige One has also appointed Power Axes International Foundation to take the lead on a major upcoming residential project, adding yet another milestone to its delivery momentum. With a development portfolio now exceeding Dh10 billion, Prestige One Developments continues to strengthen its presence through strategic partnerships, forward-thinking design, and a steadfast focus on delivering top-tier construction.
Zawya
16-07-2025
- Business
- Zawya
Prestige One Developments appoints Al Shafar Engineering as main contractor for upcoming projects
The developer has also unveiled its new Sales Gallery and state-of-the-art Customer Happiness Centre Dubai, UAE: In a major step forward in its project delivery strategy, Prestige One Developments has officially appointed Al Shafar Engineering – one of the UAE's most respected construction firms – as the main contractor for its upcoming projects. The agreement was signed at Prestige One's headquarters, with the ceremony attended by Ajmal Saifi, CEO of Prestige One Developments, and Saif Ali Abdulla Al Shafar, CEO of Al Shafar Engineering. This is a significant collaboration that brings together two industry leaders who share a common vision: delivering quality, embracing innovation, and executing projects with precision. The partnership further bolsters Prestige One's ability to deliver landmark developments built to the highest standards of engineering and architectural integrity. 'Bringing a firm of Al Shafar Engineering's calibre on board speaks to our deep commitment to construction excellence and our trust in partners who align with our long-term vision,' said Ajmal Saifi. 'Their proven expertise and operational strength perfectly complement the elevated standards we uphold across our expansive portfolio.' Commenting on the partnership, Saif Ali Abdulla Al Shafar remarked: 'Prestige One Developments has demonstrated remarkable momentum and a clear executional ethos. We are proud to collaborate with a partner that mirrors our values of quality and forward-thinking delivery.' This announcement comes at a time of rapid expansion for Prestige One. The company recently opened its cutting-edge Customer Happiness Centre and expanded its Sales Gallery at Marina Plaza – clear indicators of its ongoing investment in exceptional client service and engagement infrastructure. Further reinforcing its upward trajectory, Prestige One has also appointed Power Axes International Foundation to take the lead on a major upcoming residential project, adding yet another milestone to its delivery momentum. With a development portfolio now exceeding AED 10 billion, Prestige One Developments continues to strengthen its presence through strategic partnerships, forward-thinking design, and a steadfast focus on delivering top-tier construction. About Prestige One Developments Prestige One Developments is a leading Dubai-based real estate developer dedicated to creating immersive lifestyle experiences that go beyond traditional living spaces. With a steadfast focus on customer needs, community values, and visionary design, Prestige One crafts high-end residential environments tailored for discerning buyers. Each development reflects a commitment to experiential living – blending iconic architecture, refined interiors, and thoughtfully curated amenities to enrich both residents' lives and the vibrant communities they inhabit.
