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27/03/2025 05:58 AST
Alghanim International said it has been awarded a major engineering, procurement and construction (EPC) contract worth $1 billion for Project Volta, a new cogeneration utilities plant in Abu Dhabi.
A major player in construction, engineering and infrastructure development in Kuwait, Alghanim International has been delivering large-scale, high-impact projects across the Middle East and North Africa.
The contract was awarded by Abu Dhabi National Energy Company (Taqa) and Abu Dhabi National Oil Company (Adnoc Group).
This landmark project will play a crucial role in supplying utilities to Ta'Ziz's derivatives complex, supporting the production of new petrochemical products in the UAE.
Additionally, it strengthens Alghanim International's reputation as a leader in executing large-scale utilities and energy projects.
From the Duqm Integrated Power and Water Plant in Oman, which powers the Duqm Refinery, to multiple mega scale energy projects in Kuwait, Alghanim continues to play a role in the progress of the energy industry across the region, said a company spokesman.
"With our engineering excellence, proven track record, and unwavering commitment to innovation, we are proud to contribute to Abu Dhabi's industrial growth and look forward to delivering another world-class project that sets new benchmarks in the energy sector," he added.
Trade Arabia
| Ticker | Price | Volume |
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09/05/2025
Mubadala Investment Company, the Abu Dhabi-based sovereign investor, on Thursday reported that its assets under management grew 9.1 per cent year-on-year in 2024 to Dh1.2 trillion, with annualised r
Khaleej Times
09/05/2025
Saudi Arabia's Cabinet has approved a new decision allowing the Ministry of Municipal and Rural Affairs and Housing to sell residential units within its housing projects to individuals who are not be
Arab News
09/05/2025
The UAE's banking sector witnessed continued momentum in February, as key indicators of liquidity and credit expanded steadily.
Gross banking assets, including bankers' acceptances, rose by
Arab News
09/05/2025
Saudi e-commerce sales via MADA cards surged 73.4 percent year on year in March to a record SR27.55 billion ($7.34 billion), reflecting rapid growth in the Kingdom's digital payment ecosystem.
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Arab News
09/05/2025
Saudi Arabia's intellectual property landscape continued its robust growth in 2024, with patent filings rising by 13.33 percent year on year to reach a record 8,029, according to the Saudi Authority
Arab News
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