Abu Dhabi has USD 4 bn in infrastructure projects to put out to tender

Abu Dhabi’s big PPP push

AED 55 bn (USD 14.9 bn) worth of public-private partnership infrastructure projects are up for grabs in Abu Dhabi as part of a push from the Abu Dhabi Investment Office and Abu Dhabi Projects and Infrastructure Centre (Adpic), according to Abu Dhabi Media Office. Eleven of the projects are geared towards road and transport upgrades, while five will be going towards water and flood management systems.

Another Saudi developer enters Omani market

Saudi real estate developer Retal Urban Development says it will build a SAR 3.1 bn (USD 830 mn) residential community in Oman’s Sultan Haitham City. The development will be Retal’s first in the Sultanate, and comes as part of a wider regional expansion plan. Retal will serve as lead developer for the community.

Sanad to build AED 480 mn aircraft engine repair hub in Al Ain

UAE sovereign wealth fund Mubadala’s aerospace engineering and leasing arm Sanad is investing AED 480 mn (USD 130.7 mn) in a repair center for advanced aircraft engines in Al Ain, according to Abu Dhabi Media Office. Once fully operational, the center is expected to lift repaired component volumes in Sanad to around 65k annually. By 2030, the site is expected to support all major engine platforms.

The plan comes as the UAE works to reduce reliance on external suppliers, as well as expand its technical offerings and compete more directly with larger international MRO players, especially as newer engine technologies enter the commercial fleet.