Tuesday 15 October 2019

Dewa awards $267m contract for construction of new HQ

Dubai Water and Electricity Authority (Dewa) has awarded a contract worth Dh981.96 million ($267 million) for the constructionof its new headquarters to a consortium comprising Ghantoot Transport & General Contracting and Ghantoot Gulf Contracting. Construction of the new ven


Mashroat hosts workshop on Saudi FM sector

Saudi-based National Project Management, Operation, and Maintenance Organization (Mashroat) recently organised a workshop in Riyadh to raise awareness of the importance of adopting best international practices and the highest standards in the facilities management sector.  


Emirates Steel to host challenge for students

Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), has partnered with Abu Dhabi University, Khalifa University, and Abu Dhabi Vocational Education and Training Institute (Adveti) to organise the Regional Championship of the


Musanada working on $177m Abu Dhabi projects

Abu Dhabi General Services Company (Musanada) is implementing a number of residential and land infrastructure projects worth Dh650 million ($177 million) at Madinat Zayed in Al Dhafra Region.   These include construction and design of internal roads, revamping o


Dewa inks deal with Alibaba for blockchain, IoT

Dubai Electricity and Water Authority (Dewa) said it has signed a MoU with Alibaba Cloud, the data intelligence backbone of Chinese e-commerce giant Alibaba Group as part of the utility's ongoing efforts to enhance its digital services.    As per the Mo


Masdar consortium launches $330m wind farm in Serbia

Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, said a consortium led by the company has inaugurated Cibuk 1, the largest utility-scale commercial wind project in Serbia and the Western Balkans.  


Manrre real estate fund nets 12.5pc annual returns

The Manrre Real-Estate Fund, managed by a Dubai-based alternative investment platform Dalma Capital, has generated a total annualised return of 12.5 per cent - including an 11.9% coupon paid to shareholders and a 0.6% increase in NAV per share - significantly outperforming the benchmark


Bipex to host PropTech hackathon in December

The Bahrain International Property Exhibition (Bipex) has joined hands with Bahrain FinTech Bay, the region's largest FinTech hub, to launch the PropTech hackathon for university students and industry experts within the real estate market. The move is aimed at stimulating cut


Vinci names new global head for environment

Vinci, a global player in concessions and contracting, has appointed Isabelle Spiegel as the new head of its Environment Department. In her new role, she will report to Pierre Coppey, Executive Vice-President of Vinci, and her assignment will be to implement Vinci’s new env


Abu Dhabi summit puts spotlight on sustainable road projects

The need for driving change for sustainability, connected and automated vehicles and road safety were among the topics addressed during the fifth and final day of the 26th World Road Congress in Abu Dhabi. Continuing the momentum of the previous four days of high-level discussion

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