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TELECOMS-
Wafa + Hytera ink multi-mn USD comms contract for energy sector: UAE-based telco system integrator Al Wafa Technical Systems Services (Wafa) secured a multi-mn USD agreement with China’s communications technologies and solutions provider Hytera to supply mission-critical communication systems for the energy sector, according to a press release.
The details: The agreement appoints Wafa as Hytera’s communications partner for energy projects across the UAE. Hytera will provide ratios certified by the EU’s Atex standards, Tetra and LTE base stations, dispatch systems, and integrated communication platforms. The equipment is designed for oil and gas operations in high-risk environments.
M&A WATCH-
UAE-based trade credit insurer Coface has completed the acquisition of Cedar Rose, a MENA-focused business intelligence firm, according to a press release. Once completed, Cedar Rose will serve as Coface’s regional data provider for credit ins. and information services. The agreement was inked earlier in February.
LOGISTICS-
Dubai launches business group to regulate delivery sector: Dubai Commerce Chamber set up the Dubai Delivery Business Group to represent delivery service companies in the emirate, according to the Dubai Media Office. The group will work with government and private-sector entities to address sector challenges and opportunities.
The mandate: The group will develop policy recommendations to support long-term sector growth and competitiveness. It will focus on regulatory improvements, technology adoption, and professional standards and workforce conditions, as well as examine AI, electric vehicles, and sustainable delivery solutions.
DEVELOPMENT FINANCE-
ADFD to provide USD 20 mn for Laos road development: The Abu Dhabi Fund for Development (ADFD) inked a USD 20 mn financing agreement with Laos’ government to upgrade a 50 km section of road in the Southeast Asian country, state news agency Wam reports. Works include improving roads along a key route for farmers to improve logistics operations in the agricultural and trade sectors.
It’s been a busy week for the ADFD, after it inaugurated Maafaru International Airport in the Maldives, an AED 367 mn infrastructure project which included a 2.8 km runway facility to accommodate wide-body aircraft including Airbus A330s and Boeing 777s.
