On September 15 took place the opening ceremony of the new contemporary cycle track in Malatya-Sebastya region, Yerevan, reported information agency "Armenpress". The construction of the new track launched in June 2010 with the agreement signed between the Yerevan municipality and "Renco Armestate" company. For developing bicycle sport in the republic, the new stadium has been constructed and equipped with contemporary devices and security system. It also has medical and doping control rooms. New track is equipped with a 250 meters long high quality wood cycle way. Now, any international and professional tournament may be conducted in this perfect cycle stadium with the capacity of 3 200 audience.
Beijing has started construction on a new mega-airport that will be roughly the size of Bermuda and have nine runways, reported The Telegraph. The new airport will be called Beijing Daxing International and when it opens in 2015, the Chinese capital will become the world's busiest aviation hub, handling around 370 thousand passengers a day. It is only three years since the opening of Terminal 3 at Beijing Capital Airport, a sweeping structure designed by Sir Norman Foster that is far bigger than all of Heathrow's five terminals combined. But an enormous boom in China's aviation industry has already left the capital's existing facilities stretched to breaking point. "It is impossible to add even one more flight to the tight daily schedule of the Capital airport," said Li Jiaxing, the minister in charge of China's Civil Aviation Administration. The existing airport in Beijing has an annual capacity of 75 million passengers. Last year it handled 73 million. In two years, it will be totally packed. And it cannot be expanded infinitely. Instead, Beijing's planners have found a 54 thousand square meters site to the south of the city, in the suburb of Daxing. Currently the site is around an hour's drive from the city centre, but planners are pencilling in an extension to Beijing's metro, and perhaps even a high-speed train line. The new facility will not only serve Beijing, but also Tianjin and parts of Hebei as the Chinese capital morphs into a mega-city, its suburbs merging into those of the cities around it. The airport will be Beijing's third, after Capital and the smaller, primarily military, Nanyuan airport. Beijing Daxing is likely to have eight runways for civilian use and a ninth for military use, according to Yao Weihui, the general manager of China United Airlines. "The suggested location is a place with few residents and buildings, so a lot of runways can be built," he added.
The amount of construction projects cancelled and delayed in the United Arab Emirates rose to $170bn in August, Citigroup said in a report, signaling the battered sector in the Gulf state is still away from a recovery, reported Arabianbusiness. UAE accounts for 56 percent of the total cancelled and delayed projects for the main regional markets, the MENA construction projects tracker report by Citi showed. The cancellations are an increase of 13 percent since July. "Unsurprisingly cancellations in the UAE relate predominantly to real estate," the report said. UAE's property boom ended in 2008, with home prices in the Dubai emirate plunging by about 60 percent, forcing many developers to abandon projects. Meanwhile, projects cancelled and on hold across main MENA markets dropped slightly to $1.69 trillion in August from $1.7 trillion in July. In other markets, Saudi Arabia added $81bn of preliminary projects to its pipeline since July, said the report, highlighting the growth potential in the market. Kuwait and Qatar also have projects worth $20bn and $2bn respectively that are in preliminary stages of construction. In contrast, UAE showed a $12bn decline in preliminary projects to $118bn.
According to news agency Xinhuanet, Shanghai, China's economic center, plans to build a super-sized exhibition center that is likely to become the world's largest, announced a municipal official Sha Hailin. The Shanghai municipal government has set up a headquarters to command construction of ancillary facilities to the China Expo Center, which will be located at the Shanghai Hongqiao Central Business District, said Sha Hailin, deputy secretary general of the Shanghai municipal government, at a press briefing. The center, composed of a main exhibition hall and ancillary facilities, will cover an area of about 104 hectares, with an indoor area of 400 thousand square meters and 100 thousand square meters of outdoor exhibition areas. The project will cost US$ 3.6 billion, and the first-phase investment has been secured, without elaborating on the amount.
As reported by Chinadaily, developers working on a new skyscraper, which once built will be the capital's tallest building, say they will break ground on the project on September 19. CITIC Group (China International Trust and Investment Corporation), which won the rights to the 11.478 square meters land in the Central Business District (CDB) with a bid of US$ 563 million on last December 21, plans to build a 510-meters tall office tower with 104 floors above ground and four basement levels. The final design hasn't been decided yet, as the group is waiting for municipal governmen's approval, but the building will be higher than 500 meters. The new skyscraper is called Zhongguo Zun, which means China Goblet, as the inspiration for the design came from an ancient ritual vessel. Construction will be completed in five to seven years and the completed building will offer 350 thousand square meter of space. The land where the building will stand is in the north of the CBD, which houses many international companies. The capital's tallest building now is Tower 3 of China World Trade Center, which is 330 meters tall and is also in the CBD. The skyscraper is expected to serve as an office building for CITIC Group. The design of the new skyscraper adopts many elements from traditional culture, such as the Kongming (Floating Paper) Lamp. The building will remind people of the ancient Chinese city, representing Beijing's image perfectly.
