Tuesday 25 January 2022
 
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TRSDC achieves financial close of $3.76bn loan

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has achieved financial close on its SR14.12 billion ($3.76 billion) term loan facility and revolving credit facility with four leading Saudi banks.  &

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TRSDC achieves financial close on $3.76bn loan

The Red Sea Development Company (TRSDC), the developer behind a global tourism project, has achieved financial close on its SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four leading Saudi banks. As announced previously, the banks are Banq

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EAD, Engie complete Phase II of mangrove rehabilitation project

The Environment Agency – Abu Dhabi (EAD) and Engie, the global energy company, have completed the second phase of the ‘Blue Carbon’ Environmental and Social Responsibility project, in a tie-up with Distant Imagery.    Using highly innovati

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Dubai mortgage transactions break records in 2021

Dubai’s mortgage market broke records in 2021, with the total number of transactions registered with Dubai Land Department reached 19,520, exceeding the previous high in 2017 by 26%.    Q1 2021 had the most mortgage registrations in a single quarter,

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Sabic plans new petrochemicals plant in Jubail

Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, plans to build a petrochemicals plant in the city of Jubail on the Gulf coast in the Eastern Province of Saudi Arabia. This will be after a similar plant in South Korea starts production by year-end, CEO Yousef Abdullah

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Saudi Arabia, Kuwait driving $1.6 trillion GCC project market

The GCC construction market is estimated at $1.6 trillion, with over 21,000 active projects as of Q3 2021, mainly driven by Saudi Arabia and the UAE which dominated the project development scene, according to BNC Projects Journal.   Kuwait construction activity

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Tadweer signs $64m Abu Dhabi waste management contracts

The Abu Dhabi Waste Management Center (Tadweer) has signed four operational contracts with a total value of AED235 million ($64 million).    This aligns with the centre’s strategic goals of providing added-value services to the customers and the socie

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Home Centre unveils new brand identity

Home Centre, a key retailer of furniture and home furnishings in the Mena region and the Indian sub-continent, has unveiled a new brand identity that is underpinned by its customer-first approach of enabling every home to tell its own unique story.    The d

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UAE ministry seals partnership deal with Schneider Electric

The UAE Ministry of Industry and Advanced Technology (MoIAT) today (January 19) signed a partnership deal with Schneider Electric, a global leader in energy management, to help boost  enhance sustainability across the UAE’s manufacturing sector.   In

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Masdar signs partnership deal with Japan’s Cosmo Energy

Abu Dhabi’s renewable energy company Masdar has signed an agreement with Cosmo Energy Holdings, one of Japan’s largest energy companies, to explore the development of renewable energy initiatives, including offshore wind projects, in Japan.   The MoU

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