Construction & Real Estate

Nakheel awards primary infrastructure contract for Dubai Islands project

Leading masterdeveloper Nakheel has awarded an AED527 million ($143.4 million) contract to Al Nasr Contracting Company for primary infrastructure and utilities works on Island B at Dubai Islands. The scope includes roads and paving work, utility, telecom as well as drainage and sewage systems. ...

Construction & Real Estate

Saudi Energy, Kraken sign final agreements for Riyadh joint venture

Saudi Energy has signed final agreements to establish a strategic partnership with Kraken Technologies Limited, one of the world’s leading companies in AI-powered digital operating solutions for the utilities sector....

Construction & Real Estate

TAQA revenues steady at $14.92bn, profits rise 5.6% to $2bn

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East, and Africa, recorded full-year 2025 revenues of AED54.8 billion ($14.92 billion), broadly in line with the prior year. ...

Construction & Real Estate

Abu Dhabi entities to co-develop central utilities platform at Ta'ziz industrial zone

Abu Dhabi entities - Adnoc and Taqa - have signed a deal to co-develop a central utilities project, including the power grid connection and a range of water and wastewater utilities, at Ta'ziz Industrial Chemicals Zone in Ruwais. The duration of the agreement includes the offtake of utilities and construction of the plant. . The duration of the agreement includes the offtake of the utilities and construction of the plant....

Construction & Real Estate

Saudi NDMC arranges $13bn loan for utilities projects

Saudi Arabia's National Debt Management Center (NDMC) has announced the successful arrangement of a seven-year syndicated loan amounting to $13 billion, aimed at supporting power, water, and public utilities projects. ...