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Dubai-based Wasl Properties announced the launch of its latest master development ‘Wasl Village’ in Al Qusais, Dubai. The project will comprise of 62 buildings having 6,200 housing units, a community centre, a 1,700m-jogging track, a mosque and a host of amenities and play areas.
In Oman, Jindal Shadeed, Hydrogen Rise, a clean hydrogen technology firm located in Germany, and Sohar Port and Freezone (SOHAR) have signed an agreement to evaluate the development of the first green hydrogen plant at Jindal Shadeed’s steel manufacturing plant in Sohar.
The first phase of the project will comprise the operation of a 35MW electrolyzer capacity combined with a solar renewable energy plant by mid-2024, following the completion of techno-economic feasibility studies.
Sustainable Development and Investment Company, a JV by Omran Office and Diamond Developers has awarded Galfar Engineering & Contracting a construction contract valued at around US$23 million covering the Infrastructure, Grading, and Earthworks at the Sustainable City Yiti in Oman.
In news from Kuwait, Combined Group Contracting Co. (CGC) announced signing a joint contract with Alargan National General Trading and Contracting Company worth USD 125 million for engineering design, supply and construction work in the Investment Opportunity Project (J2) – commercial center, proposed by the Public Authority for Housing Welfare (PAHW) in Jaber Al-Ahmad City.
Saudi Arabia-based first Islamic investment firm Arbah Capital and UAE’s real estate investment and development firm Strategic Housing Group (SHG) have created a joint venture to set up the integrated co-living hybrid hotel chain, ‘Innov8’. According to a statement, the first properties are planned in Dubai and Riyadh.
Saudi Arabia’s ACWA Power has signed an EPC contract agreement for the largest green ammonia project in the world within the NEOM gigaproject. The contract is valued at $900mn.
Qatar Vinyl Company (QVC)’s plan to set up a new $239 million polyvinyl chloride (PVC) plant with a capacity of 350,000 tons per annum has been approved by Industries Qatar (IQ) and Mesaieed Petrochem chemical Holding (MPHC). Construction is expected to be completed by mid 2025.
