Major Developments Promotes Salih Elalo as Chief Projects Officer

25 Aug 2025 CW Team

Major Developments has elevated Salih Elalo to the role of Chief Projects Officer (CPO), recognising his leadership, project delivery record, and expertise in driving landmark developments across the UAE.

With over 20 years of experience, Elalo has overseen residential, hospitality, mixed-use, and large-scale infrastructure projects. Since joining the company in 2023 as Projects Director, he has led signature developments including Manta Bay—the world’s first Sky Beach project in Ras Al Khaimah—ensuring world-class standards in design and innovation.

Commenting on his promotion, Elalo said: “It is an honour to take on the role of Chief Projects Officer at such an exciting time for Major Developments. I look forward to building on our momentum, advancing architectural excellence, and ensuring our projects continue to set benchmarks in quality and innovation for our clients and communities.”

CEO Andrei Charapenak added: “Salih’s promotion reflects his outstanding leadership, technical depth and relentless commitment to project delivery. His strategic vision and hands-on expertise will be vital as we accelerate our development pipeline and reinforce our position as a leader in the UAE’s luxury real estate sector.”

The appointment comes as Major Developments continues expanding in prime locations, supporting Ras Al Khaimah’s vision for world-class urban environments.

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..