AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI s ..Read More

AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream operations. The three-year agreement aims to enhance optimization and efficiency, using ENERGYai's advanced AI, which combines large language models with agentic AI tailored for specific workflows. This solution will significantly reduce process times, minimize costs, and cut emissions by streamlining tasks such as seismic analysis, geological modeling, and real-time monitoring.
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• Oil & Gas

TK Elevator (TKE) has secured a new 10-year contract with Dubai Airports to service and maintain Dubai Interna ..Read More

TK Elevator (TKE) has secured a new 10-year contract with Dubai Airports to service and maintain Dubai International Airport’s (DXB) Passenger Boarding Bridges (PBBs) and aircraft stand equipment across all four concourses, including Concourse A and D. The agreement covers 24/7 maintenance of 152 PBBs, pre-conditioned air, and ground power units, ensuring operational efficiency and sustainability at the world’s busiest international airport, which served 92.3 million passengers in 2024. TKE’s expertise in lifecycle management and infrastructure reliability aligns with Dubai Airports' goal of enhancing passenger experience and setting global benchmarks in operational excellence.
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• Transport

Arada awarded a AED 604 million contract to Modern Building Contracting Company (MBCC) for Phase 1 of Arada Ce ..Read More

Arada awarded a AED 604 million contract to Modern Building Contracting Company (MBCC) for Phase 1 of Arada Central Business District (CBD) within the AED 35 billion Aljada megaproject in Sharjah. Scheduled for completion in Q1 2027, the phase includes eight smart blocks, 812,000 sq. ft. of Grade A office space, 1,666 parking spaces, and 26,500 sq. ft. of retail space, featuring Arada’s headquarters. The district will incorporate a green spine park, LEED, WiredScore, and SmartScore-certified buildings, and next-gen smart city solutions. Aljada spans 24M sq. ft., with 30% of its 25,000 homes completed.
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• Construction

U+A, part of the Egis Group, designed Solea, a 34,167 sqm mid-rise development on Saadiyat Island for Taraf Ho ..Read More

U+A, part of the Egis Group, designed Solea, a 34,167 sqm mid-rise development on Saadiyat Island for Taraf Holding, blending modern design, sustainability, and affordability. The seven-floor project features 212 residences with interlocking massing, optimizing privacy and communal spaces. Sustainability strategies include energy-efficient glazing, smart building tech, natural ventilation, and water-efficient landscaping. With resort-style amenities, landscaped courtyards, and aesthetic durability, Solea redefines coastal urban living while ensuring long-term value for residents and investors.
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• Construction

ADNOC and OMV have agreed to merge their shareholdings in Borouge and Borealis, forming Borouge Group Internat ..Read More

ADNOC and OMV have agreed to merge their shareholdings in Borouge and Borealis, forming Borouge Group International, a $60+ billion global polyolefins leader. ADNOC will also acquire Nova Chemicals for $13.4 billion, expanding its North American presence. The new entity, headquartered in Austria with regional hubs in the UAE, Canada, and Singapore, will have a 13.6 mtpa polyolefins capacity and be listed on ADX. ADNOC and OMV will each hold 46.94% stakes, with up to $4 billion capital raise planned in 2026. The deal is expected to close in Q1 2026, targeting $500 million in synergies and strong dividend policies.
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• Petrochemical

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured new orders across Saudi Arab ..Read More

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured new orders across Saudi Arabia, Abu Dhabi, and India. In Saudi Arabia, it will build a 380kV Gas Insulated Substation (GIS) with reactors and hybrid GIS bays. In Abu Dhabi, it will set up a 220/33kV grid station. In India, it won contracts for 765kV and 400kV transmission lines in Uttar Pradesh’s Renewable Energy Zone and a 400kV transmission line for a non-fossil fuel-based power plant in southern India, reinforcing its role in global grid infrastructure development.
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• Power

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical secured new orders in India and abroad, ..Read More

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical secured new orders in India and abroad, including a 380kV Gas Insulated Substation (GIS) in Saudi Arabia and a 220/33kV grid station in Abu Dhabi. In India, it won orders for 765kV and 400kV transmission lines linked to a Renewable Energy Zone in Uttar Pradesh and a 400kV line to evacuate power from a non-fossil fuel-based plant in southern India. These repeat orders highlight L&T’s critical role in enhancing grid infrastructure and supporting renewable energy growth globally.
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• Power

Dubai’s RTA and Dubai Holding signed a AED 6 billion agreement to enhance Dubai’s road and transport netwo ..Read More

Dubai’s RTA and Dubai Holding signed a AED 6 billion agreement to enhance Dubai’s road and transport network, supporting urban expansion and improving mobility. The project includes new bridges, roads, and traffic solutions across key developments like Jumeirah Village Circle, Business Bay, Palm Jumeirah, and International City (Phase 3). Enhancements aim to reduce travel time by 30-70%, improve traffic flow and safety, and add pedestrian bridges and additional lanes. The initiative aligns with Dubai’s vision for innovation and seamless connectivity.
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• Construction