Oman’s Rakiza receives capital commitment of $298mn from Saudi’s PIF

Rakiza, the Omani private equity infrastructure fund investing in the Sultanate and Saudi Arabia, has received a capital commitment of $298mn from...

Infrastructure

UAE’s Masdar backs flagship Azerbaijan project with $21.4m financing

Masdar Azerbaijan Energy LLC (MAE) has signed a $21.4mn loan agreement with the Asian Development Bank (ADB) to finance its 230MW Garadagh...

Construction

Adroit Canada and Al Amir Foods invest $54.5mn in Jebel Ali’s Agri Terminal

The latest news from DP World is that two important projects have just been signed, both involving agricultural commodity processors, which are...

Construction

Rosatom begins onsite works on Egypt’s first nuclear plant

Works are underway on Egypt’s first nuclear reactor, with specialist Rosatom beginning the process of pouring the over $25bn plant’s concrete base....

Infrastructure

BESIX – Plenary consortium achieves financial close on Abu Dhabi school PPP project

The financial close of the Zayed City Schools public private partnership (PPP) has been announced by the N.V. BESIX S.A. Sharjah Branch...

Machinery

New President announced for Sandvik Rock Processing Solutions

Sandvik has appointed Richard Harris as President of the Sandvik Rock Processing Solutions (SRP) business area, and new member of the Sandvik...

Construction

FRV begins construction on one of UK’s largest battery storage projects

Fotowatio Renewable Ventures (FRV), the global renewable energy business that is part of Saudi Arabia-based Abdul Latif Jameel Energy and UK developer...

Infrastructure

RTA says majority of construction completed on roads across three residential districts in Dubai

60% to 70% of construction works have been completed on internal roads spanning 34.4km in three residential districts – namely Al Quoz...

Infrastructure

Etihad Rail achieves major milestone in development of $13.6bn UAE Rail Network

Etihad Rail has said it has achieved a major construction milestone in the development of the country’s $13.6bn railways programme – the...

Infrastructure

Saudi Arabia and Iraq move forward on electricity interconnection project

Following the signing of a memorandum of understanding (MoU) at the start of 2022 which outlined an electricity interconnection between Saudi Arabia...