Acwa Power, a Saudi-based developer, investor and operator of power generation and desalinated water plants, has completed the signing of all financing agreements for the 900-MW solar photovoltaic (PV) project, Shuaa Energy 3, which is the fifth phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai.
Dubai Chamber of Commerce and Industry has announced that 76 per cent of the construction work on its headquarters extension has been completed, with the state-of-the-art building set for completion by early 2021.
Abu Dhabi Ports has announced that the expansion work on its Khalifa Port project was moving at a steady pace with 80 per cent of construction already completed within Phase One of its South Quay development, which is on track for completion by the year-end.
Dubai’s Roads and Transport Authority (RTA) said steady progress was being made on the Dubai Metro Red Line upgradation project work with the Dubai Internet City, Damac Properties, and UAE Exchange stations nearing 40 per cent completion.
Sharjah-based Hamriyah Free Zone Authority (HFZA) has signed a strategic partnership agreement with Lamprell, a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and renewable energy industries. Under the agreement, Lamprell will lease an additional 1.
Jubail Island Investment Company (JIIC) has awarded a major design contract to Ramon Esteve Estudio (REE) and EHAF Consulting Engineers for 16 villa and townhouse typologies coming up within Phase One of its Dh5-billion ($1.36 billion) Jubail Island, a designated freehold investment zone, in Abu Dhabi. Located within a 4.
The UAE’s construction industry is expected to hit Dh278.7 billion ($75.8 billion) by 2024 with a CAGR (compound annual growth rate) of 6.2 per cent, according to a report by research firm ResearchAndMarkets.
Abu Dhabi’s leading curator of experiences Miral has announced the completion of key milestones on its premier waterfront destination, Yas Bay, coming up within its $3.26-billion portfolio of diverse leisure and entertainment developments in the UAE capital.
UAE-based concrete supplier Ocean Readymix & Precast has become the first company in the Gulf to take delivery of Renault Trucks’ new K440 P8x4 Chassis model.
Daikin secures Azizi’s HVAC order Azizi Developments, a leading private developer in the UAE, has awarded an order worth over Dh40 million ($10.8 million) to Daikin for supply of high-end cooling equipment for the developer’s prestigious communities.
