Saudi-based Acwa Power, in co-ordination with investment bank Natixis, has announced that its key project Taweelah IWP, the world’s largest reverse osmosis desalination plant coming up in Abu Dhabi, has obtained the first-ever ‘sustainable loan’ qualification for a water desalination project globally.

Dubai’s Roads and Transport Authority (RTA) has awarded a contract worth Dh450 million ($122.4 million) for the upgradation of the Falcon Junction, in a bid to improve the Al Shindagha Roads Corridor to cope with the sustained urbanisation of the locality. The Falcon Junction work is a part of the Dh5.

UAE-based Falconcity of Wonders has signed up Evolve Contracting for the development of Saam Vega Pyramid, a 442-unit luxury hotel coming up within the multipurpose mega project being built in Dubai.

The Port of Fujairah, one of the world’s key oil storage centres and the second-largest ship bunkering hub in the world, is considering several options to invest some Dh750 million ($204.19 million) over the next two years to expand and upgrade its oil handling infrastructure.

Abu Dhabi City Municipality (ADM) has awarded a contract to Tatweer for traffic assets and systems operation and management for the replacement of approximately 43,000 streetlights in the capital with energy-efficient LED (light emitting diode) units.

Godwin Austen Johnson (GAJ), one of the leading British architectural and design practices based in the UAE, has announced the installation of the region’s largest commercial monoblock concrete swimming pool at Dubai College.

Brooge to expand storage capacity Brooge Petroleum and Gas Investment Company (BPGIC) has signed a land lease agreement for the oil storage and services business to expand storage capacity and refinery operations in Fujairah Oil Industry Zone (FOIZ).