Gridora, backed by ADQ, IHC, and Modon, has signed a landmark AED 35 billion MoU with Abu Dhabi Projects and I ..Read More

Gridora, backed by ADQ, IHC, and Modon, has signed a landmark AED 35 billion MoU with Abu Dhabi Projects and Infrastructure Centre (ADPIC) to accelerate transport infrastructure development, including new pilot projects in the emirate.
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• Construction

Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazi ..Read More

Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazil’s Itaminas, aiming to establish an integrated iron ore shipping system. The deal will leverage Sohar Port's advanced facilities and the Hafeet Rail network to enhance supply chain efficiency for the iron and steel industry. Itaminas, with a production capacity of 6.5 million tons (expandable to 15.5 million tons) annually, plans to export to the Middle East and explore setting up parts of its value chain in the GCC. Construction of the railway is actively underway.
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• Transport

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwa ..Read More

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman, covering eight operational rigs under long-term contracts with national oil companies. This acquisition will accelerate ADNOC Drilling’s expansion in the GCC, enhancing its technological capabilities and operational efficiency. The transaction is subject to regulatory approvals, expected to close by Q1 2026, with full consolidation planned for 2026.
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• Oil & Gas

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and ..Read More

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and carbon efficiency solutions across Iraq’s largest oil fields. The company will provide brownfield EPC and modification services to support Iraq’s goal of reducing gas flaring by 78% by end-2025. The projects will be executed by teams in Iraq and the UAE, with 60 new hires planned to support delivery.
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• Oil & Gas

Wood has secured a contract from TA’ZIZ, UAE to provide project management consultancy (PMC) for the UAE’s ..Read More

Wood has secured a contract from TA’ZIZ, UAE to provide project management consultancy (PMC) for the UAE’s first methanol production facility in Al Ruwais Industrial City, Abu Dhabi. Scheduled for completion by 2028, the plant will produce 1.8 million tonnes of methanol annually and utilize cutting-edge clean energy technologies to ensure high energy efficiency. Around 40 Wood consultants will collaborate with TA’ZIZ’s EPC contractor, highlighting Wood’s expertise in large-scale downstream chemical projects in the Middle East.
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• Petrochemical

ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC O ..Read More

ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC Offshore’s growing operations, with rigs prepared at Sharjah’s Lamprell shipyard. Equipped with AI, digitalization, and real-time analytics, these rigs will enhance efficiency and safety, starting operations in the second half of 2025. This long-term deal strengthens ADNOC Drilling’s revenue visibility and supports the UAE’s energy strategy and economic development.
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• Oil & Gas

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Om ..Read More

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Omani-UAE partnership led by DP World) signed a 50-year agreement to develop the first phase of the Al Rawdha Special Economic Zone in Mahdah, Al Buraimi. Spanning 14 sq km initially (expandable to 25 sq km), the zone will focus on sectors like manufacturing, logistics, pharmaceuticals, mining, and food industries. It will benefit from incentives like 100% foreign ownership, customs exemptions, and one-stop-shop services. First-phase investments are estimated at $2 billion, and construction starts next week.
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• Construction
• Manufacturing

G42, OpenAI, Oracle, NVIDIA, SoftBank, and Cisco have partnered to launch Stargate UAE, a 1-gigawatt AI comput ..Read More

G42, OpenAI, Oracle, NVIDIA, SoftBank, and Cisco have partnered to launch Stargate UAE, a 1-gigawatt AI compute cluster located in the 5-gigawatt UAE–U.S. AI Campus in Abu Dhabi, making it the largest AI infrastructure deployment outside the U.S. The facility, expected to go live in 2026, will be powered by nuclear, solar, and natural gas, and feature NVIDIA’s Grace Blackwell GB300 systems, secure infrastructure by Cisco, and Oracle’s AI-optimized cloud. This initiative supports the U.S.–UAE AI Acceleration Partnership, promoting responsible AI, digital sovereignty, and economic growth.
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• Construction