The Oman Investment Authority and China's Silk Road Fund have signed a preliminary term sheet to establish an $800 million joint investment fund. The initiative is part of a 23-agreement bilateral package signed during a state visit to Beijing. Other deals involve China Merchants Bank, IDG Capital, JD.com, Huawei, and industrial projects across logistics, artificial intelligence, and energy.
The 1.5-gigawatt Abu Dhabi PV3 Al Ajban solar power project has entered the final stages of construction and nears commercial grid connection. Led by PowerChina subsidiary Huadong Engineering, the 20-square-kilometer desert plant used Chinese automated installation robots. Once operational, it is expected to generate 4.4 billion kilowatt-hours annually, powering approximately 160,000 households.
At the ninth China International Import Expo in Shanghai, Abu Dhabi National Oil Company presented $16.3 billion in UAE manufacturing and investment opportunities. Accompanied by subsidiaries including Masdar and Borouge International, ADNOC highlighted partnerships with Chinese shipyards and contractors. The state energy group also announced updated supplier registration guidelines under its In-Country Value program.
The 1.5-gigawatt Abu Dhabi PV3 Al Ajban solar project in northeastern Abu Dhabi is approaching grid connection. Executed by Power Construction Corporation of China through Huadong Engineering Corporation Limited, the 20-square-kilometer facility utilized automated Chinese installation robots. The plant is expected to generate 4.4 billion kilowatt-hours annually, powering around 160,000 households.
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