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  Aldar Group reports net profit of $187.3mn in Q1 2022

  According to its financial results, the Abu Dhabi-based real estate developer saw revenues standing at $729.6 million for Q1 202. Aldar Group...

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  $44mn Nahida power plant begins operations says Oman Electricity Transmission Company

  The plant will play a vital role in enhancing the reliability and safety of the electricity sector in the country. The official...

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  Oman announces $3.8bn worth of investment opportunities

  18 investment opportunities include six projects in the tourism sector worth $2.52bn. Oman’s Ministry of Commerce, Industry and Investment Promotion, in cooperation...

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  Fasset enters into strategic cooperation Creek Capital’s SirajPower to accelerate growth of solar industry in MENA region

  Collaboration will see companies work together to introduce alternative and innovative investment solutions for sustainable power assets. Fasset, a digital asset gateway...

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  6,000 residential units added to key Saudi cities in Q1 2022 says JLL

  Firm notes the countries commercial, hospitality and retail outlets also performed well . JLL has reported that Saudi Arabia’s residential sector saw...

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  DAMAC Group to make $100mn investment into metaverse push

  The initiative is said to form part of the company-wide ambitions to move into digital assets and non-fungible tokens (NFT). The DAMAC...

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  Trials begin for 230km long water pipeline in Oman says Oman Water and Wastewater Services company

  The project also encompassed the construction of 15 water tanks and four pumping stations. A trial has been initiated by the Oman...

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  Construction completed on UAE’s first waste-to-energy plant

  Sharjah Waste to Energy plant the first project of Emirates Waste to Energy, a joint venture between BEEAH Energy and Masdar. Construction...

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  DGDA awards Egis contract for project management services

  Egis has been operating in Saudi Arabia for almost 30 years and is currently working on more than 25 projects spread across...

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  Acciona Cultural Engineering rebrands as Acciona Cultura

  Rebrand and new logo will better reflect the company’s core businesses . The company formerly known as Acciona Cultural Engineering has announced...

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