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Abu Dhabi developer acquires marina construction firm as more developers expand infrastructure capabilities amid property boom
Plus: Modon divests stake in Icon Hotel to ADQ
THIS MORNING: Yachts set to move more easily between Dubai and Abu Dhabi + Scrap metal now subject to VAT reverse charge mechanism
Plus: Construction contracts are up in 9M 2025, and the property boom is still to thank
Modon awards massive construction contract, EGA invests USD 170 mn in German facility, and Depa closes its rights issue
Modon awarded a AED 5 bn contract for Nawayef East and Nawayef West on Hudayriyat Island
Orascom Construction board approves merger with OCI Global to form new Abu Dhabi-based infrastructure giant
Shareholders will vote on the merger in January
Aldar buys AED 570 mn logistics assets from AD Ports
Plus: DataCamp expands into the Middle East with the acquisition of AI learning platform Optima
Pantheon and India’s NBCC to develop projects across the UAE
Plus: ADB Capital launches another sukuk ETF
Construction market warms in 2025, but cost inflation, labor shortage weigh on sentiment
GlobalData expects the UAE’s construction market to maintain an average of 4% annual growth through 2029
Dubai International Chamber enters eastern Europe
PLUS- Superior Technology Systems and GE Vernova land 3 GW power plant contract + LNG import terminal
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