Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sq ..Read More

Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sqm industrial zone for the Ras El Hekma megaproject in Egypt. The zone will focus on attracting manufacturers of sustainable building materials, strengthening supply chains, and driving industrial growth. Anchor partners include Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete. Projected to generate 20,000+ jobs and boost Egypt’s GDP, the zone will enhance Egypt’s trade position and Ras El Hekma’s vision as a globally competitive hub.
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• Construction
• Manufacturing

AD Ports Group has signed a 50-year agreement with UAE-based Oylz Terminals to develop a 600,000 cbm clean pet ..Read More

AD Ports Group has signed a 50-year agreement with UAE-based Oylz Terminals to develop a 600,000 cbm clean petroleum storage facility at Khalifa Port Logistics Hub in two phases. The first phase is set to begin operations by mid-2027. The project strengthens Khalifa Port’s role as a key energy storage and trading hub, enhancing its global market connectivity. Oylz Terminals aims to bolster Abu Dhabi’s position as a global energy hub through this milestone initiative.
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• Oil & Gas

Baker Hughes has secured a multi-year contract with Dubai Petroleum Establishment (DPE) on behalf of Dubai Sup ..Read More

Baker Hughes has secured a multi-year contract with Dubai Petroleum Establishment (DPE) on behalf of Dubai Supply Authority (DUSUP) to provide integrated coiled-tubing drilling services for the Margham Gas storage project. The project enhances Dubai’s energy stability by enabling a flexible switch between natural gas and solar power. Baker Hughes will deploy its CoilTrak™ coiled-tubing system to optimize horizontal drilling and maximize reservoir contact, supporting a reliable and lower-carbon power system.
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• Oil & Gas

Alghanim International, Kuwait, has been awarded a $1 billion EPC contract for Project Volta, a new cogenerati ..Read More

Alghanim International, Kuwait, has been awarded a $1 billion EPC contract for Project Volta, a new cogeneration utilities plant in Abu Dhabi, by TAQA Group and ADNOC Group. The project will supply utilities to petrochemical plants at TA’ZIZ’s derivatives complex, introducing new petrochemical products to the UAE market. Alghanim International, known for large-scale energy projects across the region, aims to contribute to Abu Dhabi’s industrial growth with its engineering expertise and innovation.
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• Petrochemical

NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The p ..Read More

NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The project will be executed on an engineering, procurement, and construction (EPC) basis over 57 months, commencing on 31 March 2025.
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• Oil & Gas

Dubai Electricity and Water Authority (DEWA) commissioned 13 new 132kV substations in 2024, with a conversion ..Read More

Dubai Electricity and Water Authority (DEWA) commissioned 13 new 132kV substations in 2024, with a conversion capacity of 1,950 MVA and 127 km of ground cables, serving areas like Al Athbah, Nadd Hessa, and Al Khawaneej 2. DEWA’s investments in 132kV transmission projects reached AED 2.1 billion, bringing the total number of 132kV substations to 360, with 37 under construction. This expansion supports Dubai’s urban growth, aligning with the Dubai Economic Agenda D33 and Dubai 2040 Urban Master Plan.
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• Power

TAQA Water Solutions, UAE, signed an MoA with the New Tashkent City Directorate to develop a 65km raw water tr ..Read More

TAQA Water Solutions, UAE, signed an MoA with the New Tashkent City Directorate to develop a 65km raw water transmission pipeline and an advanced water treatment plant in New Tashkent City, Uzbekistan. Valued at AED 2 billion, the project will supply 500,000 m³/day of clean water sourced from the Charvak Mountain Reservoir, benefiting 2 million people and generating 20 MW of hydro-power. This marks TAQA’s second major water project in Uzbekistan, enhancing UAE-Uzbekistan ties and supporting sustainable growth.
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• Water

Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construct ..Read More

Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construction Company LLC for the Design Quarter at d3, the first residential community in Dubai Design District. Set for completion by mid-2027, the project includes 558 apartments across three buildings—one low-rise and two skyscrapers—connected by a landscaped podium. The communal space will feature co-working areas, an indoor-outdoor gym, pools, barbecue zones, and children’s activity areas.
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• Construction