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

ADNOC, UAE, signed a 15-year Sales and Purchase Agreement (SPA) with Osaka Gas, Japan, for up to 0.8 mtpa of L ..Read More

ADNOC, UAE, signed a 15-year Sales and Purchase Agreement (SPA) with Osaka Gas, Japan, for up to 0.8 mtpa of LNG from its Ruwais LNG project, set to begin operations in 2028. This marks ADNOC’s first long-term LNG agreement with Osaka Gas and the fourth for the Ruwais project, bringing total committed capacity to 8 mtpa out of 9.6 mtpa. The Ruwais plant, operating on clean power, will be one of the lowest-carbon intensity LNG facilities globally, enhancing ADNOC’s global LNG expansion strategy.
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• Oil & Gas

DEWA has launched a competitive tender for Phase VII of the Mohammed Bin Rashid Al Maktoum Solar Park, featuri ..Read More

DEWA has launched a competitive tender for Phase VII of the Mohammed Bin Rashid Al Maktoum Solar Park, featuring 1,600-2,000 MWac of solar PV and 1,000 MW of battery storage. The project, to be developed under an IPP model, will be commissioned in phases starting August 2027, with power sold under a long-term PPA. Interested bidders must submit an EOI by March 21, 2025. Deloitte-led consortium has been appointed as the project consultant.
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• Power
• PPP

Drake & Scull International (DSI) has secured two major contracts worth over AED 1 billion for the Arabian Hil ..Read More

Drake & Scull International (DSI) has secured two major contracts worth over AED 1 billion for the Arabian Hills Project, a 224 million sq. ft. luxury development. The contracts cover infrastructure works, power systems, street lighting, and a sewage treatment plant for Sun Valley (AED 452.85M) and Park Vista (AED 557.81M). The project will utilize advanced construction methods and aligns with sustainable urban development goals. CEO Muin El Saleh emphasized the contracts as a major milestone, reinforcing DSI’s market leadership and future growth strategy.
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• Construction