The third phase for the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has reached financial close.
Dubai Properties has commenced work on the new Marasi Business Bay marina, which forms part of the AED1bn ($272.2bn) Marasi Business Bay project.
Electricité de France (EDF), a French electric utility company, has bagged an AED58m ($15.8m) consultancy contract from the Dubai Electricity and Water Authority (DEWA) for the pumped-storage hydroelectric power station at Hatta Dam in Dubai, UAE.
Dubai Investments, a diversified investments conglomerate, has commenced infrastructure work on The Palisades project in Dubai, UAE.
Dubai Electricity and Water Authority (DEWA) has received the lowest international bid of $9.45 per kilowatt hour for a 200MW concentrated solar power (CSP) plant project.
Saudi Aramco has formed a joint venture (JV) with National Shipping Company of Saudi Arabia (Bahri), London-listed Lamprell, and South Korea's Hyundai Heavy Industries build a maritime yard in Saudi Arabia.
Air Liquide Engineering & Construction has secured a contract worth around €100m from Chinese energy firm Yankuang Group to design and build three air separation units (ASUs).
Spanish firm Duro Felguera has bagged an AED798m ($217.2m) contract from Dubai Electricity and Water Authority (DEWA) for the third phase of K-Station at Jebel Ali Power Station.
UAE-based developer Bloom Properties has begun main construction works on its Soho Square development on Abu Dhabi’s Saadiyat Island.
Aldar Properties has won a contract to build media and entertainment free zone twofour54’s new home on the Yas Island.
Sacyr Construction, in association with Combined Group Company, has completed the development of a 152-hectare semi-urban zone in Bani Hajer, Qatar.
Shapoorji Pallonji Mideast, part of the Shapoorji Pallonji Group, has secured a contract worth AED1.5bn ($408m) from the UAE-based property developer Nakheel to build The Palm Gateway triple tower and beach complex on Dubai’s Palm Jumeirah.
Majid Al Futtaim has broken ground on a new AED2.6bn ($707M) shopping mall in Sharjah, UAE.
SEIDCO General Contracting has been selected as the main contractor by Dubai Properties for its Bellevue Towers residential project in Dubai [pictured].
German engineering services firm Siemens has secured a contract worth €790M from Qatar General Water & Electricity Corporation (KAHRAMAA) for the expansion of the country's power transmission network.
The Roads and Transport Authority (RTA) of Dubai has awarded a contract worth AED375M ($102M) for the construction of the tunnels and roads leading to the Jewel of the Creek project.
Abu Dhabi-based Aldar Properties has selected Trojan General Contracting as the main contractor for the first three precincts of Yas Acres, a flagship development on Yas Island.
Two contracts for a project which will link Jumeirah district with Al Khail Road and the Parallel Roads in Dubai at a cost of AED800M ($218M) have been awarded.
UAE-based Damac Properties has unveiled plans to develop Golfotel, the only premium five-tower hotel property surrounded by a golf course in Dubai.Golfotel will house more than 2,000 modern rooms with golf views of the Trump World Golf Club Dubai, which is set within the 55M sq ft community AKOYA Oxygen.Amenities at the hotel will include a lounge and international restaurants, a gymnasium, and an outdoor swimming pool, as well as shuttle services to the tourist attractions all over Dubai and complimentary airport transfer.Damac Properties senior vice president, Niall McLoughlin, said: “Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes. “Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated. “What we are offering is even more lucrative owing to the unique setting in a golf community — such properties usually command a premium because of their location.”
A joint venture (JV) of Spain-based Abengoa and Italy-based Fisia Italimpianti has won a contract to build a desalination plant in Saudi Arabia.