Elsewedy Electric and Sinohydro awarded USD 2.2bn Rabigh 2 contract
The EPC agreement covers 2.3 GW of additional capacity at the Saudi facility with a 2029 target completion date.
Section
Project Finance
24 pieces · 4 desks
Project Finance
Sharjah records $12.74bn in property transactions across 46,125 units
The emirate attracted 9,891 new investors from 130 nationalities during the first nine months of 2026.
GlobalFoundries secures $21bn US-Japan funding for two New York chip plants
Abu Dhabi-owned manufacturer will operate facilities under agreement giving US government 7 per cent equity stake.
Dubai Municipality sets Dh30bn Tasreef drainage capacity at 20m cubic metres daily
Network spans 6,500km of drainage and 5,000km of sewage infrastructure, with completion scheduled for 2033.
Dubai RTA studies underground transport network for passengers and goods
Study covers integrated system as emirate prepares for population projected to double by 2040.
Dubai reports AED2.1 trillion active project pipeline across infrastructure
Real estate accounts for AED1.1 trillion through 2030, with aviation, transport and utilities making up the balance.
DHG Properties completes 430-unit Dubai development at $200m
The developer delivered the Jumeirah Village Circle project within two years of commencement.
Earlier
Project Finance
Abu Dhabi commits Dh250bn to power and water infrastructure over ten years
Department of Energy announces decade-long programme to double power capacity and expand district cooling networks.
Project Finance
ADQ clears conditions to acquire 98.93 percent of AD Ports Group
Settlement scheduled for September 25, 2026, following satisfaction of all offer conditions set out in August 18 document.
Project Finance
Seven Dubai startups pitch to Oraseya Capital's USD 136m fund
Dubai Chamber of Digital Economy arranged access to Oraseya's technology fund and SANDBOX Investment Program for early-stage companies.
Project Finance
Monsha'at and STC Bank sign SAR 5bn SME financing agreement
The agreement covers working capital, equipment, receivables and trade finance with tenors to 10 years.
Project Finance
Aldar launches 351-villa Talay community at AED100bn Marsa Al Saadiyat
Sales of the standalone villas at the first residential phase commenced September 23.
Project Finance
Nakheel awards Dh800m contract for 537 Dubai Islands homes
Metac General Contracting to deliver seven Bay Grove buildings across phases 1 and 3 by late 2028.
Project Finance
McLaren commits £1.5bn under L'IMAD ownership, first SUV enters production
British manufacturer allocates £500m to factories, engines and models as Abu Dhabi-based owner funds expansion.
Project Finance
Rize secures USD 50m Murabaha facility from Jadwa Investment
The asset-backed facility will fund monthly rent payment contracts while equity capital is directed to product development and expansion.
Project Finance
Dubai to add three Etihad Rail stations after Al Yalayis opens September 30
Two stations will serve the high-speed Abu Dhabi-Dubai line, one more will connect to the conventional network.
Project Finance
Etihad Rail opens Dubai Al Yalayis Station September 30, 2026
The station at Jumeirah Golf Estates will connect Dubai to Abu Dhabi Mohamed bin Zayed City Station in 57 minutes.
Project Finance
Dubai Metro Blue and Gold Line projects carry AED 55bn cost estimate
Network will extend to 162 kilometres by 2032 as RTA advances station location studies.
Project Finance
Masdar signs German offshore wind and battery storage MoUs worth $9.24bn
Abu Dhabi renewable energy company agrees potential joint participation in 2027 German offshore wind auctions with RWE and battery storage investments with Luxcara.
Project Finance
Etihad Rail Dubai launch nears as UAE Railway Programme announces $54bn economic opportunity target
Ajman named in programme announcement alongside $54 billion economic opportunities figure.
Project Finance
Adani Airports raises USD 1 bn from IHC unit, Temasek, BlackRock
Primary equity round values airport operator at USD 18 bn pre-money and funds expansion to 200 million annual passenger capacity.
Project Finance
AD Ports voluntary offer clears conditions, settlement October 9
Cash tender at AED 6.25 per share awaits routine exchange filings before completion.
Project Finance
ADNOC Logistics orders GTT tank design for four 175,000 cbm LNG carriers
Jiangnan shipyard to construct vessels with Mark III Flex membrane system for first half 2029 delivery.
Project Finance
Arabian Drilling signs USD 800m five-year land rig contract with SLB
Eleven land rigs will support gas LSTK operations from Q3 2026 under the agreement.