• Etihad Rail awards $230m contract for O&M facility

    Etihad Rail, the developer and operator of the UAE's integrated railway network, has awarded a contract worth Dh846 million ($230 million) for construction of the central operation and maintenance (O&M) facility at Al Faya, Abu Dhabi.

  • Ecolog, Dutch group in deal for game-changing solution

    Ecolog, a key provider of integrated engineering and construction services in the region, has signed a deal with Dutch group Desolenator to deliver a game-changing solution that harnesses the world's two most abundant resources - sunshine and sea water.

  • Tabreed buys 80pc stake in Emaar cooling unit for $675m

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    UAE-based National Central Cooling Company (Tabreed) said it has reached an agreement with leading developer Emaar Properties for acquisition of a 80 per cent stake in its Downtown Dubai district cooling business for Dh2.48 billion ($675 million).

  • Emaar donates $27m to fund fighting Covid-19

    Emaar Properties has announced a donation of Dh100 million ($27.2 million) to support the ‘Social Solidarity Fund against Covid-19’ launched by the Islamic Affairs and Charitable Activities Department in Dubai to alleviate the impact of the pandemic.

  • Citizens’ Debt Settlement Fund postpones instalment payments

    The Citizens' Debt Settlement Fund has postponed the payment of monthly instalments for three months, starting in April. This comes as part of the country's efforts to support Emiratis during these exceptional circumstances caused by Covid-19 outbreak.

  • Emerson unveils new DataManager software for refiners

    Emerson, a global automation technology and engineering company, has launched its new software, DataManager v8.2, that will help refiners to better secure health, safety of operations and surrounding communities.

  • Grundfos Dubai facility secures Leed Platinum recognition

    Danish pump manufacturer Grundfos said its regional headquarters in Dubai has been awarded the LEED Platinum certification, an internationally recognised mark of excellence for green buildings.

  • Kizad signs $15m deal with India’s largest plastics packager

    Khalifa Industrial Zone Abu Dhabi (Kizad), a leading industrial hub and a subsidiary of Abu Dhabi Ports has signed a Dh55 million ($15million) deal with one of the largest plastics packager of India.

  • Saudi Amlak posts 11pc revenue growth, net income soars

    Saudi Arabia’s leading non-bank real estate lender, Amlak International said its revenue rose 11 per cent to hit SR296 million ($78.5 million), while the group's real estate financing portfolio surged to SR3.2 billion ($892 million).

  • Acwa consortium reaches deal for $400m Oman solar project

    Saudi-based Acwa Power said its consortium with Gulf Investment Corporation and Alternative Energy Projects has achieved the financial closure for the largest solar plant in Oman. The $400-million IPP project is being built in Ibri area of the sultanate.

  • Abu Dhabi extends temporary closure of commercial centres

    The Abu Dhabi government has issued a new circular extending the temporary closure of commercial centres, shopping malls, cinemas, electronic game halls (arcades) and other entertainment destinations in the emirate until further notice.

  • Caparol Arabia launches new hygienic paint to secure walls

    Caparol Arabia, a leading German-quality paint manufacturer, has launched an innovative and sustainable solution that provides better protection against harmful micro-organisms in the UAE.

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Construction News

Etihad Rail awards $230m contract for O&M facility

Etihad Rail, the developer and operator of the UAE's integrated railway network, has awarded a contract worth Dh846 million ($230 million) for construction of the central operation and maintenance (O&M) facility at Al Faya, Abu Dhabi....

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