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The leading UAE steel pipe manufacturer and exporter, AJ Steel, has signed an agreement with the KEZAD Group for the development and operation of a large-scale steel pipe production facility in Abu Dhabi. Under the agreement, AJ Steel will expand its current operations in KEZAD through the development of a plot covering close to 96,000 square metres, which will bring its total to 200,000 sq.m of leased land under industrial use.
DAMAC Properties has awarded a contract worth over US$74.4 Mn to China Nuclear Industry 22nd Construction Company for the main construction works of the Nice cluster at the DAMAC Lagoons master community development in Dubailand. The scope of the work will cover close to 510 villas in the cluster, which will include features such as waterways and fitness arenas.
Ellington Properties, Shuaa Capital through its real estate development arm, Northacre, and Sol Properties have signed an agreement to develop a new residential project on Palm Jumeirah in Dubai. Bjarke Ingels Group (BIG) has been appointed to design the project. The new project will be a 9-floors residential building comprising 88 units.
Chinese Sinoma Overseas has signed an EPC contract with Yamama Cement for the construction of a new 10,000t/day clinker production line at its new plant site in Riyadh. The contract covers dismantling, moving, and rebuilding one of Yamama Cement’s existing cement production lines to a new site.
Kuwait will set up more than 400 local development projects on Saji Island, according to the National Fund for Small and Medium Enterprise Development. The artificial island, located south of Jaber Causeway will be divided into four areas: Al-Bandera, Al-Safar, the Marina and the Service Area.
Fortescue Metals Group has signed a memorandum of understanding with the Egyptian government to explore the development of a green hydrogen production project with 9.2 GW of installed capacity. The project could also include the construction of local manufacturing facilities for wind and solar components.
Saudi Aramco and Qatar Energy, 2 of the Gulf region’s energy powerhouses have announced major projects outside of the region. QatarEnergy and Chevron Phillips Chemical Company LLC will build an $8.5 billion world-scale integrated polymers facility in the United States of America and Saudi Aramco will make its biggest-ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate.
