Dubai Aviation Engineering Projects has awarded an estimated AED 10 billion ($2.7 billion) contract to a joint venture of CCECC and Abu Dhabi-based Tristar Engineering & Construction. The package covers substructure works for the new West Terminal at Al Maktoum International Airport. The project advances the AED 128 billion expansion aiming for operations by 2032.
The UAE Ministry of Industry and Advanced Technology concluded its participation in the China International Industry Fair 2026 in Shanghai on October 19, 2026. The delegation held bilateral meetings with Chinese automation and robotics firms to explore pilot automation projects and local distribution networks. The initiative supports the UAE's 'Factory Forward UAE' programme to advance smart manufacturing across domestic industries.
Abu Dhabi National Energy Company (TAQA) has mandated banks and released initial price thoughts for a dual-tranche US dollar-denominated green bond offering. The Abu Dhabi-listed utility is marketing the long five-year tranche at around 130 basis points over US Treasuries. The senior unsecured notes will be issued under Rule 144A and Regulation S formats with listing planned on the London Stock Exchange.
Chinese automaker Chery is preparing to enter international autonomous mobility markets through a planned strategic agreement with Abu Dhabi-based K2. The partnership, announced around Chery's International User Summit in Wuhu, centers on a purpose-built Level 4 robotaxi. The agreement could establish a route for Chery's commercial driverless fleet operations in the UAE.
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