Construction & Real Estate

ADPIC, TBC join forces to explore underground infrastructure in Abu Dhabi

The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has partnered with The Boring Company (TBC), the advanced tunnelling and infrastructure technology company founded by Elon Musk, to explore underground transport, utility tunnels, and related infrastructure solutions across the emirate. ...

Construction & Real Estate

Acwa Power reaches financial close for $2.5bn Rabigh 2 expansion project

Saudi utility giant Acwa Power has announced the financial close of the SAR9.69 billion ($2.5 billion) Rabigh 2 IPP Expansion Project, a 2,313MW combined-cycle power plant in the kingdom’s Western Province. ...

Construction & Real Estate

PVFARM launches utility-scale solar storage optimisation platform

PVFARM has launched the commercial version of Re Pilot, its platform for utility-scale solar + energy storage project optimisation. Re Pilot enables developers, EPCs and storage specialists to evaluate thousands of utility-scale solar and co-located solar-plus-storage configurations in a single workflow. ...

Construction & Real Estate

Dewa posts record $3.8bn revenue in H1; net profit up 15pc

Dubai Electricity and Water Authority (Dewa) has announced that it has delivered solid results for the first-half netting AED14.8 billion ($3.8 billion) revenue, its highest ever in a six-month period, and a net profit of AED3.33 billion ($898 million), up 15% over the same period last year. ...

Construction & Real Estate

Bahrain pushes ahead with Muharraq city redevelopment plan

Bahrain is accelerating the redevelopment of Muharraq, rolling out infrastructure and public space upgrades as part of a wider strategy to revitalise one of the kingdom's most historic cities. The scope of work includes road development as well as upgrade of stormwater drainage and utility networks. ...

Construction & Real Estate

Suez snaps up $2.3bn Oman water assets operation, maintenance deal

French utility Suez has secured a €2 billion ($2.3 billion) contract, its largest in the Middle East region, from Oman's Nama Water Services Company for the operation and maintenance of its water and wastewater assets in capital Muscat under a 15-year performance-based agreement. ...

Construction & Real Estate

United Gulf wins key utility infrastructure contract in Kuwait

United Gulf Construction Company, a multi-disciplinary contracting firm, has secured a key utility infrastructure project contract in Kuwait. The scope of work includes the construction and maintenance of a new water distribution complex in the Hawalli area, along with other associated works. ...

Construction & Real Estate

Acwa Power buys entire 32pc Badeel stake in Shuaibah Water and Electricity Company

Global utility major Acwa Power has acquired the entire 32% stake of Saudi PIF company Badeel in Shuaibah Water and Electricity Company (developer of Shuaibah IWPP). With this move, Acwa Power has now become the majority stake holder in the Shuaibah company with 62% share. ...

Construction & Real Estate

Acwa's 2025 revenue soars to $1.97bn; net profit up 60pc

Saudi utility major Acwa has reported solid results for FY 2025 with its revenue soaring to hit SAR7.41 billion ($1.97 billion) and its net profit recording a 60% growth over the previous year as higher operating income and stronger contributions from operating assets lifted earnings. ...

Construction & Real Estate

Acwa Power snaps up Engie’s strategic GCC utility assets for $693m

Acwa Power, a global utility leader, said it has successfully completed the acquisition of French energy major Engie’s strategic gas-fired power generation and water desalination assets in Kuwait and Bahrain along with the related O&M companies for $693 million. ...

Construction & Real Estate

Acwa Power in deal to boost $5bn sustainable utility projects across Africa

Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa. ...