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UAE utility completes Central African Republic’s largest infrastructure project
Abu Dhabi-based Global South Utilities (GSU) completed the largest infrastructure project in the Central African Republic’s history — a 50-MW solar plant that is set to lift the country’s power generation capacity by more than 60% and supply electricity to over 300k households, state news agency Wam reports.
More about the plant: The Saka plant, which pairs the 50-MW solar array with a 15-MWh battery storage system, went from groundbreaking to inauguration in 10 months. It was backed by concessional financing coming from the Abu Dhabi Fund for Development.
BACKGROUND- GSU delivered a 50-MW plant in Chad last September and is targeting 750 MW of operational solar-plus-storage capacity by 2027. It’s also building a 50-MW plant in Madagascar.
Mubadala raises Aldar stake to 28%
Mubadala Investment Company upped its stake in Aldar Properties to 28%, buying an additional 78.6 mn shares through its subsidiary Mamoura Diversified Global Holding, per an ADX disclosure (pdf). The open-market trades ran between 8 May and 11 August, and Aldar said the move was independent of any corporate action.
Aldar had a strong 1H: Aldar’s revenue rose 8% y-o-y to AED 16.8 bn in 1H 2026, driven by development-backlog recognition, rental growth, and recent acquisitions. In addition, construction on the developer’s AED 100 bn Marsa Al Saadiyat waterfront project is set to start in 3Q, with initial residential sales scheduled for 2H 2026.
Space42 partners with Leonardo DRS on UAE national security
Space42 taps Leonardo for UAE security systems: Local space tech firm Space42 and US-based defense contractor Leonardo DRS are joining forces to integrate Leonardo’s defense mission systems into UAE sovereign security applications, according to a press release. The partnership will see Leonardo integrate expertise from its control, communications, cyber, and surveillance systems into Space42’s satellite communications systems.
IN CONTEXT- The tie-up supports the UAE’s push to build more locally controlled national security and space capabilities by localizing more of its space stack as it aims to double space economy revenues. Space and defense were also among the areas flagged for UAE-US collaboration back in 2024.
