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.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..