The Municipality of Dubai has awarded the build, operate and transfer (BOT) contract and an accompanying 30-year operations and maintenance contract for a waste-to-energy plant, set to be the largest in the world, to a consortium comprising BESIX, Belgium's largest construction company, and Hitachi Zosen Inova, an experienced waste-to-energy developer based in Switzerland. The consortium plans to invest around EUR700 million (US$867.3 million).
Infrastructure/PPP news in United Arab Emirates
The Abu Dhabi City Municipality (ADM) intends to upgrade the streetlights of Abu Dhabi city to a smart LED lighting system in collaboration with the private sector under a PPP model. Accordingly, the Department of Urban Planning and Municipalities has launched a public tender closing on March 19, 2018.
Dubai’s Mohammed bin Rashid (MBR) Stadium could be procured as a PPP after the Emirate’s Department of Finance was reluctant to finance the development.
Abu Dhabi is to hold an induction workshop for companies interested in a planned PPP scheme for a streetlights project.
IL&FS Transportation Networks (ITNL) has announced it has achieved financial close for the development of the Dubai Supreme Court and Automated Car Park facility.
The University of Birmingham will establish a campus in Dubai, within the Dubai International Academic City (DIAC) free-zone.
Asma Capital has agreed to buy a stake in Utico, a private United Arab Emirates utility company of the water business, in a deal worth US$147 million.
UAE’s Federal Electricity and Water Authority (FEWA) has announced it has issued Request for Proposals (RFP) to develop the Sea Water Reverse Osmosis (SWRO) desalination independent water PPP project located in the Emirate of Umm Al Quwain.
DP World and Caisse de dépôt et placement du Québec (CDPQ) have announced the creation of an investment vehicle to invest in ports.
The United Arab Emirates (UAE) has announced that the country is to prepare documentation to govern public-private partnerships (PPPs) by the end of the year.
Atkins, a design, engineering and project management consultancy, has appointed Phil Malem as managing director for its transportation and infrastructure business, Middle East & Africa.
The global law firm Jones Day has announced that Nadim Khan has joined the firm as a partner in the Firm's Projects & Infrastructure Practice. He will be based in Jones Day’s Dubai Office.
Saudi Arabia Ministry of Labor and Social Development is planning to launch a program to develop a social housing PPP program in the kingdom.
Dubai has plans to develop a mega waste-to-energy (WTE) plant in Warsan district two as part of a plan to reduce landfill waste by 75 per cent over the next five years.
According to sources Saudi Arabia is seeking more involvement by the private sector in the nation infrastructure scheme.
Avivo Group, one of the largest healthcare networks in the Gulf Cooperation Council (GCC) with 32 healthcare facilities, has announced a partnership with IDB Infrastructure Fund II, sponsored by the Islamic Development Bank and other institutional investors.
The UAE's Ministry of Climate Change and Environment is seeking bidders to develop a waste management project in the Northern Emirates.
DP World has announced that the company has raised US$1.2 billion in a new 7-year sukuk, the Arabic commonly referred to as "sharia compliant" bonds, set to be listed on NASDAQ Dubai, the Middle East’s international financial exchange. The issue received strong investor interest receiving more than US$2 billion in bids.
PwC Middle East has announce the acquisition of HLP Consulting Limited, a claims consultancy business, effective from 1 May 2016.
Dubai Courts has awarded Park line the development of an automated car-park facility, which is expected to be the largest in the world, through a public private partnership.