Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency.
Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa.
Refine, the UAE’s leading property development management company, has announced a new pipeline of developments in Dubai with a combined gross development value (GDV) exceeding AED18 billion ($4.9 billion).
Leading Abu Dhabi developer Aldar has announced a series of develop-to-hold projects at Al Shamkha, Yas Island worth AED3.8 billion ($1.03 billion). These will add over 2,600 residential units to the emirate’s housing supply.
Dubai’s Roads and Transport Authority has completed the package of infrastructure projects in Al Quoz Creative Zone in a bid to enhance its soft mobility and transport integration. The work includes construction of a 45-m pedestrian and cycling bridge as well as 4 km of dedicated walking and cycling tracks.
