Singapore To Build The Bike Path For Transportation Alternatives

15 July 2010

The Bike TrackInfrastructure for the bicycle as an alternative mode of transportation in some regions have started to be built in Singapore and can be used in 2014. Land Transport Authority or Land Transport Authority (LTA) of Singapore said, Bedok and Changi SIMEI will be a special line of bikes.

This cycle will be one of cycling facilities in addition to the existing areas of housing and apartment development (HDB) and will be completed in 2014.
Teo Ser Luck, Senior Minister of Transport said, with bike paths, people can rent their house to the carriage, while workers can cycle from the point of transportation to work and beyond.

Similar plans for the other five, worth 43 million Singapore dollars, will be announced in February 2011. Construction of a bike path in Tampines and Yishun MRT Station has already begun. The first point along the 1.2 km Tampines will be used from this Sunday.

LTA said that the work of bike trails in five areas of Singapore is expected to finish the year 2012. LTA said it is working with the Urban Renewal Authority and the National Parks Board to build a bike path in Marina Bay. Cyclists in Singapore can expect to build a bike path along 16 km to the year 2014. Construct a bicycle path begins this year with a fund of $ 26 million in Singapore.

The Singapore government will also include programs to promote safe cycling. This program takes place in clinics to ensure the safety and bicycle maintenance, and other events.

24 Multinational Companies Relocate Their Regional Headquarters In Shanghai

14 July 2010

The Walt Disney Co., Kraft Food Inc., and Novartis International AG with 24 multinational companies that decide to relocate their regional headquarters in Shanghai, China. Multinational companies, six of them listed in the Fortune Global 500 in the world, get a certificate to move their regional headquarters in Shanghai.

Currently, the total number of multinational companies headquartered in Shanghai, 795, including a regional center for research and development. These conditions make the status of Shanghai as a major destination for multinational corporate headquarters. ”The growth of foreign companies is a recognition of the favorable investment climate for foreign investors in Shanghai,” said Sha Hailin, chairman of the Trade Commission of Shanghai.

“This is a special moment when the World Expo held in Shanghai. This exhibition is more and more people aware of the potential foreign Shanghai, he said. During the global economic downturn, foreign investment in Shanghai rose 4.5 percent over the previous year (2009), which hit a record 10.5 billion U.S. dollars.

During the first six months of this year, foreign investment in Shanghai reached 5.4 billion dollars, according to the Trade Commission of Shanghai. Cumulative foreign investment in Shanghai for the year to 110.7 billion dollars. This figure is the third city in China Shanghai Foreign Investment Environment of the province ($ 230 billion) and Jiangsu (200 billion dollars) in Guangdong.

Orascom Proposed Housing Development in Cairo

14 July 2010
Orascom Hotels

Orascom Hotels

Orascom Hotels & Development plans to more than 7,000 housing units for lower-middle, near Cairo, Egypt. Expressed Omar El-Hitamy, CEO of the company that built a modest home in a newspaper published in Cairo, Al Mar, as reported by Bloomberg.

Omar said the company is still awaiting approval from the Government of Egypt to the 124, 6 hectares (equivalent to 22,431,725 m² or receive 22.4 km2) of land within the city of the Holy City, 06.10 (Sixth of October). Orascom Development Holding AG is a leading developer of building integrated cities in Egypt and the Middle East with over 18 years experience. This group is to build an integrated city with hotels, villas, and apartemenm and facilities such as golf courses and marinas, and infrastructure support.

Orascom operates three cities as El Gouna, Taba Heights and The Cove, with 32 hotels and 6,400 rooms, the Banking Supervision of the earth for 141 million square meters and has 18,000 employees. The founder of this company, Samih Sawiris, the Egyptian businessman, still controlled 60 percent of the shares with his family.

Since the fourth quarter of 2006, there are, the Group launched a home grants namely Orascom Orascom Housing Communities (OHC). Orascom designated area of 8.4 million square meters of 10.06 in the city, near the city of Cairo, for this project. This will be developed more than 50,000 homes within five years to seven years in the future.

This integrated urban infrastructure such as schools, hospitals, shopping malls, cinemas, sports clubs, which will be operated and managed by the Egyptian government and NGOs. In addition, Orascom also build houses for low-income communities (housing budget of the community) in the holy city. Orascom has also built a number of projects in Andermatt, Oman, Chbika, Amoun Island, Bernice, El Fayoum Oasis Resort and Riyadh.

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