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Asian Infrastructure Investment Bank (AIIB) Turkey

Antalya Airport Expansion Project (Upsize Facility)

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Rogun Hydropower Development Project – Phase 1

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Asian Infrastructure Investment Bank (AIIB) Turkey

Türkiye Emergency Road Rehabilitation and Reconstruction Project

Feature & Services

Procurement News

ACWA POWER announces the signing of financing for the Hassyan IWP

ACWA POWER Co. announces the signing of the financing documents for the 818,280 m3/day (180 Million Imperial Gallon per Day MIGD) Hassyan IWP plant in Dubai, United Arab Emirates. The total investment cost is SAR 3,448,586,597 (USD 919,623,093). The project company Hassyan Water Company signs the financing agreements. Financing entity includes a mix of local and international commercial lenders (Standard Chartered bank, MUFG BANK, LTD, Emirates NBD Bank, Korea Development Bank, Commercial Bank of Dubai, Abu Dhabi Commercial Bank, China Construction Bank, Agricultural Bank of China, Arab Petroleum Investments Corporation, Sumitomo Mitsui Trust Bank, Industrial and Commercial Bank Of China Limited, Boubyan Bank, and export credit agency (Saudi EXIM)). Financing amount is SAR 2,767,393,484 (USD 737,971,596) for the duration of approximately 32.5 years. ACWA Power effective shareholding in the project company is 20.40% Earlier, during October 2023, Dubai Electricity and Water Authority (DEWA) and ACWA Power Signs agreements for Hassyan Sea Water Desalination Project. Saudi Arabia

Mace to Project Manage Second Stage of Uptown Dubai district

DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has appointed Mace, the global consultancy and construction company, as the Project Manager for the second phase of its flagship Uptown Dubai district. Bringing its delivery expertise to the next phase of the development, Mace Consult will provide industry-leading project, programme and construction management services to one of Dubai’s most vibrant newly developed districts, Uptown Dubai. Mace will lead the delivery of Phase 2 of the Uptown District, comprising two commercial towers. The mid-rise towers will be 23 and 17 storeys, featuring approximately 70,000 square metres of commercial office space and 8,000 square metres for retail and F&B. A groundbreaking ceremony to mark the commencement of the construction of Phase 2 was held by DMCC on 29th January 2024. The second phase follows completion of an 81-storey mixed-use tower, Uptown Tower, which features office space, SO/ branded residences, an ultra-luxury SO/ hotel, as well as premium retail and F&B offerings. Mace Consult delivers projects and programmes with diversity and sustainability at their core, advising on critical public services and works of cultural importance; driving growth and delivering some of the world’s most technically complex and inspiring programmes of work. United Arab Emirates

Hassan Allam’s Subsidiary awarded MEP Works for the Saudi’s New Tadawul Tower offices

Hassan Allam Holding announces that its subsidiary Kortech has been awarded the complete Mechanical and Electrical works for the head quarters of one of the top developers in the Kingdom of Saudi Arabia within the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia. Kortech’s extensive scope of works for the new offices in the iconic Tadawul Tower which spans the 23rd to the 30th floor, encompasses electrical works, fire fighting systems, plumbing works, HVAC systems, ELV ICT and communication solutions, data centers, broadcast systems, 4K video walls, contributing to a total approximate built-up area of 21,000 m2. As part of our commitment to excellence, Hassan Allam Holding continues to strategically expand globally through its various subsidiaries operating across diverse sectors, consistently delivering exceptional projects and upholding the highest standards in construction and development, statement mentioned. Saudi Arabia

Egypt signs $40 Billion Worth MOUs for green hydrogen, renewable energy projects

Egypt signed seven Memoranda of Understanding (MoUs) in green hydrogen and renewable energy with seven global developers with expected investments worth $41 billion over ten years, the Egyptian Government announced. Egyptian Minister of Planning and Economic Development Hala Al-Saeed said that the agreements represent a new step for the Sovereign Fund of Egypt (TSFE) in its investment partnerships with major global companies to establish green hydrogen projects in the Suez Canal Economic Zone. She added that the agreements are expected to bring in investments of $12 billion for the pilot phase and $29 billion for the first phase, for a total of $40 billion over 10 years. The agreements cover a wide range of projects, including the production of green hydrogen, green ammonia, and renewable energy. Egypt

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