Thursday 20 January 2022

KEC awards key Madinah Gate bus station construction deal

Saudi developer Knowledge Economic City (KEC) has awarded a contract worth SR49 million ($13 million) to Mohammed Al-Rashed Trading and Contracting Company (Marco) for the construction of a bus station within its Madinah Gate development.    The scope of wo


Taqa, Ewec price first Abu Dhabi solar green bond at $700m

Abu Dhabi National Energy Company (Taqa) - one of the largest listed integrated utility companies in the EMEA region - along with Emirates Water and Electricity Company (Ewec) - a leader in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE


Facilio wins 2021 Frost & Sullivan Product Leadership Award

Facilio, a leading property operations software platform, has been recognised by Frost & Sullivan with the 2021 Best Practices’ Product Leadership Award for its IoT-based solution in the building operations and maintenance industry.   Facilio has been


Petrofac announces senior offshore wind appointment

Petrofac, a leading international service provider to the energy industry is supporting the continued growth of its global offering in the wind sector with a senior operational appointment. New Head of Wind Operations and Maintenance (O&M), Phaedra Pritchard will be responsib


GFH in big spin-off deal; nets $3bn infrastructure portfolio

Bahrain-based GFH Financial Group today (January 16) announced the spinning out of its infrastructure and real estate assets under the newly established company, Infracorp, capitalised with more than $1 billion in infrastructure and developed assets into the company, which will specialise in


Dubai announces opening of $1.4bn Infinity Bridge

Dubai's Roads and Transport Authority (RTA) has announced the opening of Infinity Bridge, a key component of the Al Shindagha Corridor Project, spanning 13 km along Sheikh Rashid Street, Al Mina Street, Al Khaleej Street and Cairo Street, which has been built at an investment of AED5.3 bi


Al Baraka unveils package to finance solar systems

Bahrain’s Al Baraka Islamic Bank (AIB) has launched an exclusive financing package for its customers who wish to install solar systems to adopt a sustainable lifestyle, as these systems feature a low installation and maintenance cost. The solar systems help in reducing ener


Borouge lands big Egypt wastewater plant supply contract

Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, has partnered with Krah Misr, a leading manufacturer of large diameter pipes and fittings, to supply infrastructure solutions for the world’s largest wastewater treatment plant, Bahr Al B


Al Ghurair Properties seals partnership deal with Siemens

UAE-based Al Ghurair Properties, the real estate development arm of Al Ghurair Investment, has announced a strategic partnership with global technology major Siemens for implementing its world-leading patented Siemens Demand Flow Solution technology along with digital services at its key deve


Dewa boosts MBR Solar Park V production capacity to 330MW

Dubai Electricity and Water Authority (Dewa) has announced that it has raised the production capacity of the first project of Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar) Park Phase V from 300 megawatts (MW) to 330MW.   This results from using the lates

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