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In UAE, Food Tech Valley, a government-led initiative aimed at building a sustainable food ecosystem, has announced a significant milestone in its expansion plans by signing a 27-year agreement with Spinneys, the leading premium supermarket chain. Under the agreement, Spinneys will develop a 500,000 sq. ft. state-of-the-art processing facility within Food Tech Valley, set to become operational soon.
The Luxe Developers appointed China State Construction Engineering Corporation as its main contractor for the US$408.7 Mn Oceano development located on Al Marjan Island. Oceano, due for completion in 2026, comprises 206 units over 18 storeys and includes one-, two-, three-, and four-bedroom apartments, six penthouses, and the two exclusive sky villas.
DarGlobal appointed China Tiesiju Civil Engineering Group Co. Ltd as the main works contractor for its debut bespoke luxury residence DG1, located on the Dubai Canal. The US$55 Mn contract covers the construction of the 20-storey tower comprising 221 units, including 1, 2, and 3-bedroom apartments.
Abu Dhabi-based investment and holding company ADQ announced the appointment of Modon Holding as the master developer for the Ras Al Hekma megaproject in Egypt.
Spanning more than 170 million square metres, the development will include hotels, yacht marinas, hospitality and entertainment centres, as well as residential, commercial, retail and recreational spaces with global connectivity with total investment expected to reach US$150 Bn.
In Bahrain, Jereh Oil & Gas Engineering Co., Ltd. signed a contract with Bapco Upstream for the engineering, procurement, construction, and commissioning (EPCC) of gas compressor stations. The total contract value is US$288 Mn.
The project includes compression stations and central compression facility, covering the entire scope of design, procurement, construction and commissioning by Jereh.
In Saudi Arabia, Ladun Investment Co. announced that its subsidiary, Built Industrial Company secured a contract from Real Estate Development Fund Company worth US$172 Mn for the development of its project “The Point” in Abha city.
Spanning 75,000 square meters along King Fahd Expressway, The Point will feature a shopping mall, a hotel, entertainment facilities, administrative buildings, open squares, and gardens.
Qatar Electricity and Water Company (QEWC), in collaboration with the Qatar General Electricity and Water Corporation (KAHRAMAA), is exploring the development of a peak power unit project.
The project aims to build, own, and operate units with a production capacity of 500 megawatts ± 5%, located in the Ras Abu Fontas area, to help meet Qatar’s growing electricity demand. The company is currently in the process of evaluating technical and commercial bids to select the project’s main contractor.
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