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construction costs

Ambitious plans accelerate Gulf construction costs

Construction costs in Saudi Arabia and the UAE are in danger of accelerating over the next few years as both countries pour billions into infrastructure, energy and housing projects, observers have warned. Rises in the prices of steel, cement, glass, aluminium and components for air conditioning systems are driving the growth of building materials costs, […]

Workers at a gas facility north of Basra, Iraq. The country's huge gas reserves remain largely untapped due to underinvestment and conflict

Iraq-Turkmenistan gas deal unlikely to happen

A gas supply agreement signed by Iraq and Turkmenistan in 2023 may never begin because of challenges with transiting the gas through neighbouring Iran, Iraqi analysts say. The deal was for nearly 20 million cubic metres of natural gas per day to supply Iraq’s power facilities, but Iraq and Turkmenistan do not share a border. […]

Mohammed Bin Rashid Al Maktoum Solar Park's newest phase is being developed in colloboration with Masdar

Al Maktoum Solar Park expands for Dubai’s 2050 energy goals

Dubai is working on the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park – the largest single-site solar park in the world – as it works toward its 2050 energy diversity target. The emirate launched the Dubai Clean Energy Strategy in November 2015, with the aim of producing 75 percent of its […]

A wind turbine installation vessel in Ostend port, Belgium. NMDC Energy says wind will account for as much as 20 percent of the company's revenues in the next few years

Abu Dhabi’s NMDC Energy to invest in wind power

Abu Dhabi’s NMDC Energy, an engineering, procurement and construction contractor for energy projects, is hoping to expand its renewable energy business in South East Asia and Europe.  Ahmed Al Dhaheri, NMDC Energy’s CEO, told AGBI that wind will account for as much as 20 percent of the company’s revenues in the next few years, with […]

Donald Trump delivers a speech at an oil drilling rig in Texas. He said last week that the US is 'not going to do the wind thing'

Trump’s climate agenda ‘may push UAE investors away from US’

Masdar and the UAE’s other renewable energy companies may need to rethink their US investments now that President Donald Trump has pulled the plug on new offshore wind projects, industry watchers have warned. “We’re not going to do the wind thing. Big, ugly windmills. They ruin your neighbourhood,” Trump said on his return to the […]

Iraq electricity Utility lines in Dohuk

Neighbours to supply Iraq with 3GW of electricity this summer

Iraq intends to buy 3,250 megawatts (MW) of electricity from neighbouring countries this summer, to fill a supply gap caused by a surge in domestic demand during the hot season. Electricity ministry spokesman Ahmed Mousa said at the weekend that supplies would come from Turkey, Iran, Jordan, Saudi Arabia and the common Gulf Cooperation Council […]

People, Person, Adult

Masdar gets contractors on board for $6bn energy project

Abu Dhabi Future Energy Company (Masdar) has selected the suppliers and preferred contractors for the $6 billion renewable facility capable of providing energy at scale around the clock in the emirate. Bombay stock exchange-listed Larsen & Toubro and China state-owned PowerChina are the preferred engineering, procurement and construction (EPC) contractors. China-headquartered Jinko Solar and JA […]

Giorgia Meloni, Italy's prime minister, with Sultan Al Jaber, the minister of industry and chairman of Masdar, at the Abu Dhabi Sustainability Week Summit, in Abu Dhabi

Masdar views Middle East as biggest growth market

UAE’s renewable energy company Masdar considers the Middle East its biggest market, even though its target is to grow globally, a senior executive has said. “The Middle East is the biggest market for us, we are a company from here, and this market is growing significantly,” Abdulaziz Alobaidli, chief executive officer of Masdar, told AGBI […]