AD Ports Group (UAE) and Egypt’s SCZONE signed a 50-year renewable usufruct agreement to develop a 20 km² i ..Read More

AD Ports Group (UAE) and Egypt’s SCZONE signed a 50-year renewable usufruct agreement to develop a 20 km² industrial and logistics park near Port Said, named KEZAD East Port Said. Phase 1, covering 2.8 km², will begin construction by end-2025 with a $120 million investment. The partnership includes Hassan Allam Holding and aims to transform the area into a global trade hub. AD Ports Group has also invested in multiple logistics, terminal, and cruise projects across Egypt since 2022.
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• Transport

Combined Group Contracting (CGC) Company Emirates L.L.C., a subsidiary of Kuwait-based Combined Group Contract ..Read More

Combined Group Contracting (CGC) Company Emirates L.L.C., a subsidiary of Kuwait-based Combined Group Contracting Company, has secured a AED 437.4 million (USD 119.1 million) contract from Ras Al Khaimah Government Public Services Department in the UAE. The contract involves constructing roads and services in northern Ras Al Khaimah, Package C1, with a duration of 730 days. Previously, CGC was awarded another UAE contract worth AED 1.01 billion (USD 275.8 million).
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• Construction

Dar Global and The Trump Organization have launched the Trump International Hotel & Tower, Dubai, the Middle E ..Read More

Dar Global and The Trump Organization have launched the Trump International Hotel & Tower, Dubai, the Middle East’s first Trump-branded luxury development, rising 350m with 80 floors along Sheikh Zayed Road. The project offers exclusive residential and hospitality amenities, including private lounges, the highest outdoor pool globally, and two penthouses with sky pools inspired by Trump Tower New York. This marks their fifth collaboration, following successful projects in Saudi Arabia and Oman, reinforcing confidence in the region’s real estate and tourism growth.
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• Construction

Combined Group Contracting (CGC) Company Emirates L.L.C., a subsidiary of CGC Kuwait, has secured a contract w ..Read More

Combined Group Contracting (CGC) Company Emirates L.L.C., a subsidiary of CGC Kuwait, has secured a contract worth AED 1.01 billion (USD 275.8 million) from Aldar Properties, UAE. The contract involves infrastructure works in Al Nahda area (Packages 3 and 4) with a project duration of 914 days. CGC was previously the lowest bidder for an internal road works project in the UAE.
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• Construction

NMDC Group, UAE has signed a contract valued at AED 383 million (USD 104.2 million) to construct a marina proj ..Read More

NMDC Group, UAE has signed a contract valued at AED 383 million (USD 104.2 million) to construct a marina project in Oman. The scope includes complete execution of marina works, with the project scheduled for completion in 15 months. The contract reflects NMDC’s continued regional expansion in marine infrastructure.
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• Construction

EWEC signed a new 15-year Power Purchase Agreement with TAQA, ENGIE, and Sumitomo for the Shuweihat 1 (S1) pla ..Read More

EWEC signed a new 15-year Power Purchase Agreement with TAQA, ENGIE, and Sumitomo for the Shuweihat 1 (S1) plant in Al Dhafra, UAE. The project will reconfigure S1 from a cogeneration plant to a 1.1 GW natural gas-fired open-cycle power plant, providing flexible reserve power to support renewable energy integration, with operations starting in 2027. Water desalination will be decommissioned to align with EWEC’s energy transition goals. The move supports the UAE's net-zero ambitions and EWEC’s target of generating over 50% of Abu Dhabi’s electricity from clean sources by 2030.
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• Power
• PPP

Majid Al Futtaim has awarded a AED 736 million contract to United Engineering Construction Company (UNEC) for ..Read More

Majid Al Futtaim has awarded a AED 736 million contract to United Engineering Construction Company (UNEC) for the construction of Plagette 32 and Amara, two luxury residential developments at Tilal Al Ghaf, Dubai. The contract covers 148 villas, a Beach Club, landscaping, and infrastructure works. Plagette 32 will offer Club Villas and Water Bungalows with beachfront living, while Amara will feature 116 eco-conscious twin villas centered around green spaces and water features.
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• Construction

Borouge Plc has announced strategic asset expansions to enhance its ethylene and polyethylene production capac ..Read More

Borouge Plc has announced strategic asset expansions to enhance its ethylene and polyethylene production capacity, adding between $165 million to $200 million in EBITDA annually. The expansions include a 15% capacity increase for its second ethane cracker (EU2), scheduled for completion in Q4 2028, and the expansion of polyethylene units PE4 and PE5 to 700,000 tpa by Q1 2027. These projects align with Borouge’s commitment to innovation and sustainable growth, further bolstering the UAE’s economy and ADNOC’s In-Country Value program. Borouge also plans to merge with Borealis and acquire Nova Chemicals, forming a $60 billion global leader in polyolefins.
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• Oil & Gas