Browsing: Construction

The Department of Municipalities and Transport – Abu Dhabi (DMT) has outlined its major achievements for 2024, reflecting substantial progress and innovation across various communities in the emirate. The year saw the successful completion of priority projects worth AED 4 billion, forming part of a broader, long-term development agenda with a total budget surpassing AED 75 billion.

International Holding Company (IHC) has reported strong financial growth for 2024, highlighting its ability to drive robust performance and strategically manage its investment portfolio.

NEOM has announced a partnership with Asas Al Mohileb to establish and operate a SR 700M ($186M) ready-mix concrete facility in Saudi Arabia. This multi-plant factory will primarily supply concrete for the construction of THE LINE, a linear city currently under development in NEOM.

Abu Dhabi National Oil Company (ADNOC) is anticipated to submit a formal offer to purchase Covestro for about $15.9B (€14.4B), including debt, according to a report by the Financial Times on Wednesday.