Abu Dhabi closes $872m financing for world’s largest solar plant

Utilities authority raised $650m through debt, while remaining $222m was raised in equity. Abu Dhabi Water & Electricity Authority (ADWEA) has closed...

Dubai’s DAFZA organises forum to attract investments from Indian businesses

Forum was held under the theme: ‘India: A strategic partner for growth in an evolving global economy’. The Dubai Airport Freezone Authority...

Honeywell, Saudi Aramco sign agreement for advanced digitisation in oil and gas operations

New MoU to explore benefits of Honeywell’s industrial ‘internet of things’ offering in Saudi Arabia. Honeywell and Saudi Aramco have signed a...

Dubai World Central expansion delayed

Airport spokesman says delay to 2018 is due to completion of construction and to allow time for trials and testing. The expansion...

Dubai secures $3bn loan for expansion of airports

Funding will be used to develop and expand both Dubai International Airport and Al Maktoum International Airport. Dubai’s government has said that...

Pell Frischmann completes design of Iraqi water project

$700m infrastructure project was carried out with the help of Aconex, consultancy adds. Pell Frischmann, a UK-based engineering, development and management consultancy,...

Yuksel wins $506m contract for bus project in Riyadh

Project will pave way for construction of 34 stations, 1,353 bus stops and six pedestrian bridges in KSA capital. Yuksel, the Turkish...

Etihad Rail, Al Safa to integrate rail-truck cargo transport

Railway operator signs MoU to enhance intermodal transportation capabilities. Etihad Rail has signed a Memorandum of Understanding (MoU) with trucking and transportation...