Aldar and Arada form AED15bn Abu Dhabi development partnership
Aldar and Arada have formed a strategic partnership covering about AED15bn of development opportunities in Abu Dhabi.
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IFC provides $100m green financing for Sustainable City–Yiti district
IFC has agreed a $100m Islamic green-finance facility for the Plaza District at The Sustainable City–Yiti in Muscat.
L&T executes two Dubai corridor contracts
Larsen & Toubro has formally executed two RTA contracts for construction of Dubai’s Latifa Bint Hamdan Corridor.
Abu Dhabi presents infrastructure pipeline exceeding $56bn
Abu Dhabi will present more than $56bn of infrastructure opportunities to international investors and delivery companies in Munich.
Gotion wins 6GWh supply role for Saudi battery-storage projects
Gotion High-Tech has secured the battery-energy-storage technology supply role for three utility-scale projects in Saudi Arabia with combined capacity of 1.5GW/6GWh. The supply scope covers the Al-Muwaih and Haden projects in Makkah Province and the Kahafah project in Hail Province. Each facility is planned with…
Umm Al-Qura hospital PPP draws interest from 73 companies
Umm Al-Qura University and Saudi Arabia’s National Center for Privatization & PPP have received expressions of interest from 73 local and international companies for the completion and operation of Umm Al-Qura University Hospital in Makkah. The project will be delivered through a 30-year design, build,…
Fibrex wins AED790m Seamont residences main works contract
Royal Development Holding and SAAS Properties have awarded Fibrex LLC an AED790m (US$215m) main construction contract for Seamont Autograph Collection Residences on Al Reem Island in Abu Dhabi. The award moves the waterfront development from completed enabling works into full-scale construction. Fibrex is scheduled to…
DEWA completes $2.70bn Noor Energy 1 refinancing
Dubai Electricity and Water Authority has completed a US$2.70bn refinancing of Noor Energy 1, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The 950MW project combines concentrated solar power, parabolic-trough and photovoltaic technologies with thermal-energy storage of up to 15 hours.…
Saudi Arabia qualifies 13 developers for third CCGT IPP round
Saudi Power Procurement Company has qualified 13 Saudi and international companies to compete in the third round of conventional independent power projects using combined-cycle gas-turbine technology. The qualified field comprises TAQA, ACWA Power, Al Bawani Capital, Al Jomaih Energy and Water, EDF, Etihad Development Company,…
Kalpataru wins $470mn-plus UAE gas-pipeline EPC contract
Kalpataru Projects International Limited has received a letter of award for the engineering, procurement and construction of a gas-pipeline project in the United Arab Emirates. The Indian contractor classifies the order as “major”, which under its reporting framework indicates a value exceeding INR40bn, equivalent to…