Adwea signs $541m refinance dealAbu Dhabi: The Abu Dhabi Water and Electricity Authority (Adwea) in the UAE has signed a Dh1.9 billion ($541 million) deal with a consortium of local, regional and international banks to refinance its first independent water and power project (IWPP).
Tabreed – the National Central Cooling Company – has signed a contract with the Bin Kharbash Group to provide cooling services to Kharbash Tower, the newest residential development to be unveiled on Dubai's Sheikh Zayed Road.
The successful combination of Tamrock drilling rigs and Sandvik rock drilling tools ensures that UAE quarry operator Gibca Crushing is able to meet its production schedules for gabbro – considered to be the region’s toughest rock.
The basic plan for the Dubai light metro network has been approved and tendering for the project is likely in May or June, according to a report. The first line, called the red line, will stretch 50 km from the Sharjah border to Jebel Ali. The second, the green line, will stretch 19.2 km.
Muraspec, which claims to be the Middle East’s largest wallcoverings supplier, is streamlining the design process for interior design consultants. A leader with a 35 per cent market share, Muraspec is undergoing a radical re-evaluation of operations to stimulate the growth of the sector as a whole.
Laticrete RAK Company – a joint venture between RAK Ceramics and US-based Laticrete International – has launched its new facility in Ras Al Khaimah for the manufacture of high-quality ceramic adhesives and grouts. The factory is considered the largest and the most modern for adhesives and grouts in the Middle East.
The Al Habtoor Group has formalised its agreement with Nakheel for the purchase of a hotel plot on the Crescent of The Palm, Jumeirah, to build a five-star deluxe, 250 all-suite hotel.
The Dubai Festival City – a waterfront ‘city-within-a-city’ being built on the banks of Dubai Creek – has chosen the InterContinental Hotels Group to manage its planned marina-view conference hotel.
Cloisall, a leading manufacturer and supplier of building and construction material in the region, has recently introduced Typar Geotextiles at an event held at the Dubai Municipality. The event was held in association with Dupont – owner and manufacturer of Typar Geotextiles.
The Ministry of Public Works and Housing will soon invite tenders for the construction of a Dh13 million ($3.5 million) passport building at Al Dara in Ras Al Khaimah, UAE.
The Abu Dhabi Municipality and Town Planning Department has completed a greater part of the Dh750 million ($204.2 million) infrastructure projects for the new Abu Dhabi corniche road.
