The Saudi Power Procurement Company has prequalified 13 utility project developers including global players EDF, Kepco, Mitsubishi and Sumitomo as well as regional heavyweights Acwa and Taqa for the third round of Conventional Independent Power Producer (IPP) projects based on CCGT technology.
Abu Dhabi has been recognised as the world’s leading improver in JLL’s 2026 Global Real Estate Transparency Index (GRETI), rising eight places from 41st in 2024 to 33rd globally with a composite score of 2.42, and topping the list of 88 countries evaluated across 260 distinct factors, said a report.
UAE-based Arada has submitted a series of planning applications to the London Borough of Newham to advance the delivery of its AED12 billion ($3.26 billion) Thameside West project with proposals that would unlock the delivery of affordable housing and connect the area between the Thames and Royal Docks for the first time.
Kalpataru Projects, a leading Indian construction and engineering major, has announced that its international division has secured a major contract worth over Rs40 billion ($417 million) to provide EPC services for a gas pipeline project in UAE, thus reinforcing its robust track record in the global oil and gas sector.
Holcim and UAE's National Development Consortium have signed a strategic deal to drive an integrated approach to large-scale infrastructure across the emirates. The partnership unites capabilities across the project value chain to deliver more resilient, sustainable, and future-ready developments.
Dubai Electricity and Water Authority (DEWA) has completed the $2.7 billion refinancing of Noor Energy 1 ahead of schedule. The 950MW project, part of the Mohammed bin Rashid Al Maktoum Solar Park, combines CSP, parabolic trough and photovoltaic technologies with up to 15 hours of thermal storage.
Red Sea Global (RSG) has announced the launch of the 'Yacht Network', a new operator for marinas and yacht clubs along Saudi Arabia’s Red Sea coast. The network will enable yacht owners and charter guests to enjoy a connected experience along the coastline as they explore the Red Sea.
Dubai’s Roads and Transport Authority (RTA), in cooperation with the Dubai Integrated Economic Zones Authority (DIEZ), has inaugurated Dubai Mobility Labs at Dubai Silicon Oasis to test and certify autonomous and future mobility technologies.
Oman is set to deliver 700 new hotel rooms between now and the end of 2026, taking its total inventory to 40,800 keys, according to a property expert. A further 1,500 rooms are in the pipeline for handover next year followed by another 1,600 in 2028, thus taking the sultanate's room inventory to 43,900.
UAE-based PALACE GROUP said work is moving at a steady pace on its premium beachfront mansions in Dubai that are track for handover by 2027. The group is further expanding its portfolio with a collection of mansions at Dubai Hills Estate and Aya, a boutique residential project in Jumeirah Garden City.
