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

    WORKS LAUNCHED ON 216-km ROUTE
    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.

  • Oman allows firms to hire expats in construction sector


    Oman, in a major move, has regulated the recruitment of expatriate workers for the construction sector and brick factories allowing some companies to hire them only after they meet a set of criteria outlined for the sector, said a report.

  • 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

    235,000 RT CAPACITY
    UAE-based National Central Cooling Company (Tabreed) said it has reached an agreement with leading developer Emaar Properties to acquire 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.

  • Dewa commissions 8 new substations worth $231m

    HIGH-VOLTAGE NETWORK
    Dubai Electricity and Water Authority (Dewa) is continuing with its development projects, having commissioned eight new 132/11 kilovolt (kV) substations with a total cost of Dh850 million ($231 million) since the start of the year.

  • 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

    AGREEMENT INKED WITH SIX BANKS
    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.

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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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Gulf construction - February 2020


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