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Tag: Abu dhabi

Construction & Real Estate

Tecnimont, ADNOC Gas break ground on $4.3bn gas project in Abu Dhabi

Tecnimont, a leading global contractor for highly complex plants, has joined hands with ADNOC Gas for the groundbreaking of its $4.3 billion Rich Gas Development Phase 3 Project in Abu Dhabi. Once completed in 2030, the plant will reach an output capacity of 8 million tonnes per year. ...

Construction & Real Estate

X Architects unveils 2.3-million sqm Zayed Waterfront masterplan in Abu Dhabi

X Architects has unveiled Zayed Waterfront, a conceptual 2.3 million-sq-m masterplan proposed for Mina Zayed that reimagines the historic Abu Dhabi port as a new waterfront gateway with three connected districts, thus forming a new urban sequence between downtown Abu Dhabi, Corniche and Saadiyat Island. ...

Construction & Real Estate

Beam, Masdar City explore smart-energy and clean-mobility partnership

Beam Global, a leading provider of innovative and sustainable infrastructure solutions for energy storage and security as well as smart city infrastructure, said it has signed an agreement with Masdar City Free Zone to explore opportunities to incorporate its smart-energy and clean-mobility technologies into the Masdar City ecosystem. ...

Construction & Real Estate

Lamprell named consortium partner for major UAE offshore project

Lamprell, a leading provider of contracting services to the energy sector, has announced that it has been signed up as part of a consortium with Indian construction and engineering conglomerate Larsen & Toubro (L&T) for a major offshore engineering, procurement, construction and installation project in UAE. ...

Construction & Real Estate

Aldar teams up with Mubadala to acquire Masdar City Square for $250m

Abu Dhabi business groups Aldar and Mubadala Investment Company have joined hands to acquire Masdar City Square, a premium complex located near Zayed International Airport for AED918 million ($250 million). The project, which got competed in Q1, boasts over 47,000 sqm of net leasable area across seven office buildings. ...

Construction & Real Estate

Abu Dhabi developer Miral unveils $3.3bn Yas Island project pipeline

Abu Dhabi's Miral has announced plans to invest more than AED12 billion ($3.3 billion) across Yas Island over the next five years, reflecting a clear focus on expanding its existing leisure attractions as well as boosting the hospitality offering, adding new hotel rooms and elevating its accommodation portfolio. ...

Construction & Real Estate

Uniestate expands into Abu Dhabi with key Al Reem Island project

UAE boutique developer Uniestate is expanding into Abu Dhabi with the acquisition of a 3,000-sq-m plot on Al Reem Island, as it seeks to grow its residential and commercial development pipeline across the country. The company said it has delivered over 3,300 units across 4.5 million sq ft of developed space. ...

Construction & Real Estate

Bloom Holding unveils final phase of integrated Abu Dhabi community

Bloom Holding, a premium communities master developer based in Abu Dhabi, has announced the launch of Alhambra, the final release of Bloom Living, its fully integrated and all-inclusive community in the UAE capital, featuring a mix of residential, retail and dining facilities. ...

Construction & Real Estate

Aldar completes Abu Dhabi’s first off-plan mortgage under new ADREC framework

Aldar has become the first in Abu Dhabi to complete mortgage financing on an off-plan property for its customers through Abu Dhabi Real Estate Centre’s newly launched framework that enables the financing bank to be named on the mortgage registration certificate before property handover....

Construction & Real Estate

UAE’s largest galvanising kettle nears commissioning at Abu Dhabi’s KEZAD

The UAE is set to get its largest hot-dip galvanising kettle into production in September, with Galva Hub Metal Coating completing commissioning at its facility in Metal Park located within Khalifa Economic Zones Abu Dhabi (Kezad) after receiving 825 tonnes of zinc. The facility would allow large steel structures to be galvanised locally. ...

Construction & Real Estate

Abu Dhabi residential sales hit $19.2bn in H1 on strong off-plan demand

Abu Dhabi's residential property market continued to expand in H1 with residential sales value nearly tripling from a year earlier to AED70.4 billion ($19.2 billion), driven by strong off-plan demand, said a report, adding the off-plan transactions accounted for 89% of residential sales value....

Construction & Real Estate

Schneider Electric to bring energy, AI into focus at Abu Dhabi summit

Schneider Electric will bring together energy, technology and industry leaders in Abu Dhabi next month for the second edition of its Innovation Summit Middle East & Africa, as the region looks to strengthen energy systems to support the rapid growth of artificial intelligence, cloud computing and digital infrastructure....

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