ADQ, IHC, and Modon Holding have formed a joint venture to launch Gridora, a new infrastructure platform under ..Read More

ADQ, IHC, and Modon Holding have formed a joint venture to launch Gridora, a new infrastructure platform under Modon Holding, aimed at accelerating large-scale infrastructure development across the UAE and globally. Gridora will operate through two business lines—Infrastructure Projects and Infrastructure Investments—enabling project delivery and asset management. The platform will support public-private partnerships and leverage its founders' expertise to streamline infrastructure execution and generate long-term returns.
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• Construction

ADNOC Drilling Company PJSC has secured a $1.63 billion, five-year contract from ADNOC Offshore to deliver Int ..Read More

ADNOC Drilling Company PJSC has secured a $1.63 billion, five-year contract from ADNOC Offshore to deliver Integrated Drilling Services (IDS), including directional drilling, fluids, cementing, wireline logging, and tubular services. The contract strengthens ADNOC Drilling’s role in expanding advanced offshore energy services and supports its strategic growth in IDS, leveraging AI and advanced technologies. It provides revenue stability through 2025–2026 and reinforces its leadership in the UAE’s energy sector.
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• Oil & Gas

ADNOC has signed a 15-year Sales and Purchase Agreement with Japan’s Mitsui & Co. for up to 0.6 mtpa of lowe ..Read More

ADNOC has signed a 15-year Sales and Purchase Agreement with Japan’s Mitsui & Co. for up to 0.6 mtpa of lower-carbon LNG from the Ruwais LNG project, which is set to begin operations in 2028. This is the fifth long-term LNG SPA for Ruwais, a plant known for its low carbon intensity and AI-driven technology. With 8 mtpa of its 9.6 mtpa capacity already committed, the project reinforces ADNOC’s global LNG presence and Japan’s energy security. Upon completion, ADNOC Gas will acquire ADNOC’s stake, boosting its LNG capacity to ~15 mtpa.
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• Oil & Gas

Lamprell has successfully extended its Offshore Long-Term Agreement (LTA) with Aramco, continuing a strategic ..Read More

Lamprell has successfully extended its Offshore Long-Term Agreement (LTA) with Aramco, continuing a strategic partnership that began in 2018. The renewal highlights Lamprell’s delivery of multiple LTA projects from its UAE facility and its commitment to Saudi Arabia’s Vision 2030 and IKTVA initiatives. With a growing presence in Saudi Arabia and involvement in the International Maritime Industries joint venture, Lamprell reinforces its role in supporting the Kingdom’s energy and maritime sectors.
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• Oil & Gas

Masdar and Indonesia’s state utility PT PLN have signed two agreements to boost floating solar power develop ..Read More

Masdar and Indonesia’s state utility PT PLN have signed two agreements to boost floating solar power development in Indonesia. One covers a new project at the Jatigede Dam, set to begin in 2024 and complete by 2027, after Masdar secured the lowest tariff in Hijaunesia 2023. The second agreement explores expanding the 145MWac Cirata Floating PV Plant, which began operations in November 2023. These efforts support Indonesia’s net-zero 2050 goal and the addition of 75GW of renewable capacity over 15 years.
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• Power

Dubai Municipality has awarded AED 1.439 billion in contracts for four major projects under the AED 30 billion ..Read More

Dubai Municipality has awarded AED 1.439 billion in contracts for four major projects under the AED 30 billion 'Tasreef' initiative, Dubai’s largest unified stormwater drainage system. These projects will serve key areas like Al Garhoud, Al Quoz, and Jumeirah, adding over 36 km of new drainage lines to boost flood mitigation and service efficiency. Aimed at increasing the network’s capacity by 700% over 100 years, the initiative aligns with Dubai’s vision for sustainable, climate-resilient, and future-ready infrastructure.
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• Construction

Shanghai Electric Group has signed a cooperation agreement with Masdar for the 2GW Al Sadawi Solar Photovoltai ..Read More

Shanghai Electric Group has signed a cooperation agreement with Masdar for the 2GW Al Sadawi Solar Photovoltaic Project in Saudi Arabia, part of Round 5 of the National Renewable Energy Program (NREP). The project, awarded in November 2024 to a Masdar-led consortium including GD Power and KEPCO, will be developed on a build, own, and operate basis with SPPC. Commercial operations are scheduled to begin in Q2 2027.
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• Power

Emirates Biotech has appointed SAMSUNG E&A as the EPC contractor for its Falcon PLA Project, a biodegradable p ..Read More

Emirates Biotech has appointed SAMSUNG E&A as the EPC contractor for its Falcon PLA Project, a biodegradable plastic production facility in the KEZAD free zone, Abu Dhabi, set to be operational by early 2028. The pre-EPC contract was signed on 14 April 2025, and Sulzer has been selected as the technology provider. The project underscores Emirates Biotech’s commitment to sustainable innovation and aims to replace fossil-based plastics with renewable alternatives.
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• Construction
• Manufacturing