The Department of Culture and Tourism of Abu Dhabi has awarded a $1.7 billion main construction contract for 'Sphere Abu Dhabi' to a subsidiary of Alec Holdings, with completion targeted for the third quarter of 2029.
Emirates has commenced construction on a 19 billion dirham aviation engineering complex at Dubai South. Contracted to China Railway Construction Corporation, the massive facilities at Al Maktoum International Airport will support simultaneous servicing for 28 wide-body aircraft upon completion in 2030.
2 weeks ago • United Arab Emirates
India's Ministry of Finance has cleared a proposal by Emirates NBD Bank to acquire up to a 74% stake in private lender RBL Bank. The transaction, previously valued at 268,530 million INR for a 60% controlling interest, will restructure RBL Bank into a foreign-owned subsidiary operating within India.
2 weeks ago • India;United Arab Emirates
NextSource Materials has approved a final investment decision for Phase 1 of its proposed Battery Anode Facility in Abu Dhabi's Industrial City, following successful completion of front-end engineering design. The decision, supported by a proposed Japanese consortium investment from Hanwa and JOGMEC, authorises the company to proceed into pre-EPC mobilisation.
2 weeks ago • United Arab Emirates
Ooredoo Group has partnered with du to land the Fibre in the Gulf subsea cable system in the UAE, a high-capacity platform designed to deliver up to 720 Tbps across 24 fibre pairs. The system will connect Qatar, the UAE, Bahrain, Saudi Arabia, Kuwait, Iraq, and Oman, serving hyperscalers, cloud providers, and AI platforms.
3 weeks ago • GCC Countries;United Arab Emirates
Etihad Water and Electricity has finalized an AED 1.046 billion engineering agreement with a consortium led by NMDC Infra to develop the Fujairah I desalination plant. Utilizing reverse osmosis technology, the project aims to enhance water security and industrial capacity in the Northern Emirates through a strategic public-private partnership.
4 weeks ago • United Arab Emirates
The Abu Dhabi Department of Municipalities and Transport has launched a AED 2.85 billion ($776 million) infrastructure project connecting Saadiyat Island to Khalifa City. This strategic transit corridor aims to accommodate 88,000 vehicles daily, integrating smart technology and sustainable urban design to alleviate regional traffic congestion.
4 weeks ago • United Arab Emirates
Nakheel has awarded contracts worth over Dh3.5 billion to Ginco General Contracting and UNEC for 544 villas on Palm Jebel Ali, with construction starting this quarter and completion scheduled for Q4 2028.
1 month ago • United Arab Emirates
Alef Group has awarded the early works contract for its Olfah master-planned community in Sharjah to a leading local contractor. The scope includes site readiness and foundational work, moving the forest-designed, walkable development adjacent to Etihad Rail Station into initial construction phase.
2 months ago • United Arab Emirates
EWEC has received four competitive proposals for the Al Nouf 1 IPP project, a 3.3 GW combined-cycle gas turbine plant designed for carbon capture readiness. The facility, set to be the UAE's largest single-site CCGT plant, will be located in Abu Dhabi's new Al Nouf Complex and is scheduled for commercial operations in Q3 2029.
2 months ago • United Arab Emirates
ADNOC and OMV have appointed the senior leadership and supervisory board for Borouge Group International AG. The new entity, formed through the merger of Borouge, Borealis, and NOVA Chemicals, is scheduled to launch by late March 2026 under the leadership of incoming CEO Roger Kearns.
2 months ago • Austria;United Arab Emirates
Newgen Software Technologies' Dubai subsidiary has secured a $2.22 million contract from an undisclosed bank in Kuwait. The two-year agreement involves the implementation of Islamic finance origination and customer communication software, reinforcing the company's expansion in the Gulf region's banking sector.
3 months ago • Kuwait;United Arab Emirates
Arada has appointed United Engineering Construction Company (UNEC) to deliver the AED 2.18 billion Madar Mall at Aljada in Sharjah. The project, scheduled for completion in December 2028, will anchor the master development’s retail and entertainment offering and expand the emirate’s large-scale commercial real estate inventory.
3 months ago • United Arab Emirates
DreamFolks Services will acquire a 60.24% stake in Dubai-based Easy to Travel for ₹360 million, marking a strategic pivot toward international airport services distribution. The transaction supports DreamFolks’ diversification beyond domestic lounge operations and expansion into global travel markets.
3 months ago • United Arab EmiratesIsrael-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.
UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.
Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.
Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.