The United Arab Emirates has announced plans to implement a smart traffic project in Albania. This initiative is part of a larger strategy to develop smart city infrastructure across the Balkan nation The agreement for this ambitious project was revealed by Presight, a data analytics company under the Abu Dhabi-based technology group G42. The smart...
Abu Dhabi’s steel and building materials manufacturer EMSTEEL has announced the launch of its Asset Enhancement Program, which has a capital expenditure of approximately AED625 million ($170.2 million). This strategic initiative is aimed at enhancing production capabilities and introducing advanced steel solutions to meet the increasing demands of the market. The program is closely aligned...
Abu Dhabi-based sovereign wealth fund ADQ has initiated the year by forming two significant global investment partnerships aimed at enhancing its influence in emerging markets. The fund plans to deploy capital in critical areas such as infrastructure and urban development. On February 12, ADQ announced a Memorandum of Understanding (MoU) with the International Finance Corporation,...
The Egyptian government has agreed to build a $7 billion industrial complex with the help of a group made up of Shard Capital Partners from the UK, Royal Strategic Partners from the UAE, and Al-Qahtani Group from Saudi Arabia. Shard Capital Partners made the statement. They are the lead firm in the alliance and have...
American multinational business Parsons buys $475 million worth of contracts from Saudi Arabia and the UAE. The contracts are for work in technology, defense, intelligence, and infrastructure engineering. In Saudi Arabia in the fourth quarter of 2024, the business won two big deals worth a total of $275 million. The work that goes along with...