Metito lands contract for Dubai South sewage plant, Aldar + Mubadala buy further into Masdar City, Mubadala-backed Caturus LNG facility is getting bigger

Metito lands ops and maintenance contract for Dubai South sewage treatment plant

Metito Utilities picked up the operation and maintenance contract for Dubai South’s sewage treatment plant, awarded by Dubai World Central Corporation, the water management solutions provider said in a LinkedIn post. The plant, near Al Maktoum International Airport, treats 10k cbm a day — modest next to the 56k cbm a day PPP plant Metito already runs at Dubai Investment Park.

BACKGROUND- Metito is one of the region’s oldest water names, split into three standalone units after a December reorganization. Metito Utilities handles concessions and long-term O&M, and its UAE track record includes MENA’s first PPP wastewater plant at Dubai Investment Park and the roughly USD 2.3 bn Adnoc/Taqa seawater treatment project in Abu Dhabi — its largest job to date.

Aldar, Mubadala buy further into Masdar City

Aldar and Mubadala Investment Company acquired Masdar City Square for AED 918 mn, expanding the real estate portfolio held through their joint venture established in 2024, according to a press release. The transaction takes the partners’ combined portfolio in Masdar City to AED 4.7 bn — with greater exposure to income-generating real estate tied to the city’s expanding tech, research, and sustainability infrastructure.

REMEMBER- In April, the JV partners acquired The Link in Masdar City, a mixed-use development housing the headquarters of renewables firm Masdar and Mohamed bin Zayed University of Artificial Intelligence. The companies started their AED 30 bn JV in 2024 with the aim of developing AED 3 bn worth of commercial and residential properties in Masdar City.

Mubadala-backed LNG facility is getting bigger

Mubadala-backed gas and energy firm Caturus is planning a 7.75 mtpa expansion of its Commonwealth LNG export facility in Louisiana, adding five trains and taking planned capacity to about 17.25 mtpa — almost double the original project, according to a press release. The expansion comes just four months after Caturus reached a final investment decision on the six-train, 9.5 mtpa base project and closed USD 9.7 bn in project financing.

First the plant, then more gas: Construction of the base project is progressing on schedule, with operations targeted for 2030. About 8.5 mtpa of its capacity is already covered by long-term sale and purchase agreements — with Commonwealth LNG as a larger piece of its integrated wellhead-to-water gas platform.

Mubadala’s link: The sovereign wealth fund took part in a USD 9.65 bn financing package for the platform in May as part of a broader push into USD energy assets. Other UAE players are also in on it, with Adnoc lining up tens of bns of USD for a US gas push.