Property, infrastructure, engineering and materials
BI Group has entered into an agreement with Citic Middle East Contracting, a subsidiary of China's Citic Construction Co, to collaborate on three upcoming real estate developments in Dubai. The agreement sets a framework for Citic's proposed role as the main construction contractor, covering early-stage design, value engineering, and project execution.
Dubai Aviation Engineering Projects has awarded a AED 10 billion ($2.7 billion) contract for the West Terminal substructure at Al Maktoum International Airport to a joint venture of China Civil Engineering Construction Corporation and Abu Dhabi-based Tristar Engineering & Construction. The 800,000-square-metre facility will span seven levels and accommodate 45 million passengers annually once complete. The project transitions the airport's $35 billion initial expansion phase into its core construction stage.
A consortium comprising POWERCHINA, Elsewedy Electric, and Sinohydro has signed an EPC contract for Saudi Arabia's Rabigh 2 CCGT expansion project. The project will add approximately 2,400 MW of power generation capacity on Saudi Arabia's western coast. The milestone follows the recent financial close achieved by project developer ACWA Power.
The UAE Cabinet has approved a three-year federal budget totaling Dh292.5 billion for the 2027-2029 cycle, marking a 28.3 percent spending increase. Federal expenditures for 2027 are set at Dh90.1 billion, with the largest share directed toward social development, education, and healthcare.
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