{"id":116188,"date":"2026-04-28T00:00:00","date_gmt":"2026-04-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=116188"},"modified":"2026-04-28T03:09:23","modified_gmt":"2026-04-28T03:09:23","slug":"more-awarded-contracts-for-palm-jebel-ali-kuwait-petroleum-international-eyes-further-expansion-in-the-uae-and-adia-deploys-more-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/04\/28\/more-awarded-contracts-for-palm-jebel-ali-kuwait-petroleum-international-eyes-further-expansion-in-the-uae-and-adia-deploys-more-capital\/","title":{"rendered":"More awarded contracts for Palm Jebel Ali, Kuwait Petroleum International eyes further expansion in the UAE, and Adia deploys more capital"},"content":{"rendered":"<p class=\"tag-border-left\">Palm Jebel Ali continues to make progress on construction <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Another massive contract for Palm Jebel Ali villas: <\/strong>Dubai state developer Nakheel awarded AED 3.5 bn in contracts for villa construction in Palm Jebel Ali to Ginco General Contracting and United Engineering Construction, two contractors who are already <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/17\/nakheel-awards-usd-1-36-bn-construction-contracts-for-palm-jebel-ali-villas\/\" style=\"\">working on around 550 villas in the area<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2026\/april\/27-04\/nakheel-awards-contracts\" style=\"\">statement<\/a>. The two developers were tapped, along with Indian contractor Shapoorji Pallonji Mideast, for USD 1.36 bn in contracts earlier in 2024, with construction set for completion by the end of this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new contracts will see the pair work on 544 villas<\/strong>, with Ginco handling 354 and UNEC delivering 190 villas by 4Q 2028. Construction is scheduled to start this quarter. <\/p>\n<p class=\"tag-border-left\">Kuwait Petroleum\u2019s jet fuel arm could work with Enoc to cover Sharjah airport <\/p>\n<p><a target=\"_blank\" id=\"kix.swuw4pnaq3sl\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait<\/strong><strong> Petroleum International wants to expand cooperation with<\/strong><strong> Emirates National Oil Company (Enoc) to cover Sharjah International Airport <\/strong>through its subsidiary Q8 Aviation, <a target=\"_blank\" href=\"https:\/\/www.arabtimesonline.com\/news\/kpi-eyes-sharjah-expansion-via-enoc-talks\/\" style=\"\">Arab Times<\/a> reports. The move builds on an existing foothold in Dubai, where Q8 Aviation already supplies fuel through its Enoc partnership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Q8 Aviation teamed up with Enoc for its entry into the UAE\u2019s fuel sector, which saw challenges from already entrenched suppliers. The partnership opened the door for operations at Dubai International Airport with Royal Brunei Airlines and Al Maktoum International Airport with Air Baltic and Hainan Airlines, focusing on international flights. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Securing jet fuel is becoming a major concern <\/strong>for international airlines as of late, with global <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/04\/22\/can-europe-keep-flying-smoothly-if-gulf-jet-flows-stay-strained\/\" style=\"\">disruptions<\/a> and high demand sending jet fuel prices up <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/24\/this-morning-tourism-in-ajman-is-the-latest-to-see-govt-support-al-habtoor-kicks-off-its-lawsuit-against-lebanon\/\" style=\"\">103% in March<\/a>, with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/04\/23\/fuel-price-surge-drives-up-freight-logistics-costs\/\" style=\"\">consumers<\/a> expected to feel the pain first. <\/p>\n<p class=\"tag-border-left\">Adia deploys more capital <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia keeps leaning into data-center plumbing: <\/strong>A wholly owned subsidiary of the Abu Dhabi Investment Authority (Adia) has joined a fresh capital raise for Singapore- and Thailand-based TeraHop, a supplier of high-speed optical transceivers used in data centers, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/investment\/abu-dhabis-adia-unit-joins-terahop-capital-raise-kf1zrdbq\" style=\"\">Zawya<\/a> reports. Terms were not disclosed, though TeraHop said proceeds will go toward expanding manufacturing, boosting operations, and continued R&D.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Adia has been signalling business as usual through the volatility:<\/strong> The sovereign investor has also been <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/war-or-not-gulf-sovereign-funds-keep-investing-but-the-strategy-is-starting-to-shift\/\" style=\"\">ramping up exposure<\/a> to private credit in Europe and Asia, suggesting Abu Dhabi\u2019s biggest pools of capital are still deploying globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai\u2019s Nakheel awarded AED 3.5 bn in contracts for villa construction in Palm Jebel Ali<\/p>\n","protected":false},"author":1,"featured_media":116189,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[368,47,306,7,1342,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-116188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi-investment-authority","tag-also-on-our-radar","tag-aviation","tag-enterpriseam-uae","tag-investment","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"c4ad34b2-da0c-466b-beee-9ba9f5259554","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1418.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More awarded contracts for Palm Jebel Ali, Kuwait Petroleum International eyes further expansion in the UAE, and Adia deploys more capital","related_issue":[116171],"teaser":"Dubai\u2019s Nakheel awarded AED 3.5 bn in contracts for villa construction in Palm Jebel Ali"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More awarded contracts for Palm Jebel Ali, Kuwait Petroleum International eyes further expansion in the UAE, and Adia deploys more capital - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/28\/more-awarded-contracts-for-palm-jebel-ali-kuwait-petroleum-international-eyes-further-expansion-in-the-uae-and-adia-deploys-more-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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