Meraas has awarded a AED 1 billion construction contract for Bluewaters Bay to China State Construction Engine ..Read More

Meraas has awarded a AED 1 billion construction contract for Bluewaters Bay to China State Construction Engineering Corporation. The development will feature two residential towers with 678 apartments, retail outlets, and top-tier amenities like a landscaped promenade, pool, and children's play area. Scheduled for completion in Q4 2027, the project aims to become Dubai's next iconic waterfront destination.
Read Less

• Construction

ADNOC Gas signed a $450 million, three-year LNG supply agreement with JERA Global Markets to support Japan’s ..Read More

ADNOC Gas signed a $450 million, three-year LNG supply agreement with JERA Global Markets to support Japan’s energy needs. The LNG will be supplied from Das Island, which has a 6.0 mtpa production capacity and has been supplying Japan for 48 years. This deal strengthens UAE-Japan energy ties and aligns with both companies’ goals for energy security and a lower-carbon future.
Read Less

• Oil & Gas

Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersiv ..Read More

Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersive Tower, a luxury office building in Dubai International Financial Centre (DIFC). The project includes a 36-story tower with three basement levels, spanning 114,474 square meters and targeting LEED Platinum certification for sustainability. Ssangyong E&C previously completed the ICD-Brookfield Place in DIFC in 2020.
Read Less

• Construction

KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the M ..Read More

KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the Middle East, to support its expansion across the Gulf. GDH operates seven data centers in the UAE and Saudi Arabia and plans further growth in Kuwait, Qatar, Bahrain, and Oman to meet increasing hyperscale demand. The deal, subject to regulatory approvals, marks one of the largest global investments in a UAE-founded business, with KKR and GDH committing over $5 billion to fuel growth and strengthen AI and cloud infrastructure in the region.
Read Less

• Construction

A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to laun ..Read More

A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to launch the NovusCrete Consortium, focusing on sustainable concrete innovation. The initiative aims to reduce the construction sector's carbon footprint by promoting seawater concrete, recycled materials, and polymer-based solutions, aligning with Saudi Vision 2030. Led by OSP, the consortium will develop standards and codes for seawater concrete use, fostering localization, environmental sustainability, and industry innovation.
Read Less

• Construction

ADNOC’s Shah Field has achieved an industry-leading carbon intensity of 0.1 kgCO2e/boe, making it one of the ..Read More

ADNOC’s Shah Field has achieved an industry-leading carbon intensity of 0.1 kgCO2e/boe, making it one of the world’s least carbon-intensive oil fields. Located 230 km south of Abu Dhabi, the field produces 70,000 barrels per day and leverages AI, digitalization, and clean energy to optimize efficiency and reduce emissions. ADNOC continues to innovate, using advanced technologies like liquid ejectors and AI-driven predictive analytics to enhance sustainability and operational performance.
Read Less

• Oil & Gas

Nesma Infrastructure and Technology has signed a SAR 645 million contract with the Saudi Electricity Company t ..Read More

Nesma Infrastructure and Technology has signed a SAR 645 million contract with the Saudi Electricity Company to construct a 380kV substation in Bisha, Saudi Arabia. The project includes building the Bisha–Solar PV 380/132 KV BSP and is expected to be completed within 23 months.
Read Less

• Power

The UAE announced a high-speed train linking Abu Dhabi and Dubai, developed by Etihad Rail, enabling 30-minute ..Read More

The UAE announced a high-speed train linking Abu Dhabi and Dubai, developed by Etihad Rail, enabling 30-minute travel at speeds of 350 km/h. The project enhances smart transportation, aligns with the UAE Net Zero 2050 Strategy, and is expected to contribute AED 145 billion to GDP over five decades. Alongside, the first four passenger rail stations were unveiled, integrating with metro and bus networks to improve connectivity and boost economic growth.
Read Less

• Transport