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Infrastructure news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

A construction site in Cairo. Egypt received the final tranche of ADQ funding for Ras El Hekma last week

Work on ADQ-backed resort in Egypt ‘to start this year’

ADQ will begin building the infrastructure for its Ras El Hekma development on Egypt’s north coast before the end of this year, according to housing minister Assem El Gazzar. The Abu Dhabi sovereign wealth fund had said it would break ground in early 2025, but it has yet to announce the names of contractors or […]

Tourists visit the tombs of the Nabatean civilisation in AlUla. Saudi Arabia's goal is for tourism to make up 10 percent of GDP by 2030

Affluent tourists around the globe on Saudi Arabia’s radar

Saudi Arabia will invest more than $800 billion in its main giga-projects by the next decade as part of a tourism expansion strategy focused on affluent tourists in China, India and Europe.  The kingdom’s tourism minister Ahmed Al-Khateeb, speaking at the Qatar Investment Forum, said: “We’re building and investing in major destinations like Neom, Red […]

Israel Lebanon damage

Israeli bombardment costs Lebanon at least $1.5bn

Israel’s bombardment of southern Lebanon in response to the Hamas attacks on October 7 has caused more than $1.5 billion of damage to buildings and infrastructure, the country’s Southern Council says. The president of the council, Hicham Haidar, told AGBI that damage to residential and commercial buildings stands at $1 billion, with 1,700 buildings destroyed […]

Investors at the Dubai Financial Market. Drake & Scull was suspended from trading in 2018

Drake & Scull losses narrow before return to trading

Dubai contractor Drake & Scull International has trimmed its losses in the first quarter of this year as it nears the end of a drawn-out capital restructuring process. The Dubai-based utilities and infrastructure engineering company said in a press release accompanying disclosures to the Dubai Financial Market (DFM) that revenue jumped 55 percent year on […]

Emirates Global and Abu Dhabi Department of Economic Development plan to develop a factory that can produce electric buses and trucks

Deal signed to build electric bus factory in Abu Dhabi

Abu Dhabi is planning a factory to manufacture and build electric buses and trucks. The Abu Dhabi Department of Economic Development has signed an agreement with Emirates Global Industries, part of Alfahim Group, for the project. The agreement also includes plans to establish manufacturing facilities to meet the anticipated growth in demand for energy storage […]

Freight trains on the Oman-UAE rail network will reach 120 km per hour, while passenger trains will reach 200 km per hour

Work to start on $3bn Oman-UAE rail network

Work will soon start on the $3 billion Hafeet Rail, a railway network between Oman and the UAE, local media has reported. The railway line will include two 2.5 km long tunnels and 36 bridges, Oman Daily Observer reported, citing Abdul Al Hatmi, CEO of Asyad Group. Oman Rail, part of Asyad Group, and the UAE’s Etihad […]

e& is not actively pursuing the buyout of the Dutch company United Group, said a company spokesperson

Report links e& to acquisition of $8.6bn Dutch telco

The UAE’s e&, formerly known as Etisalat, is planning to acquire Dutch telecom operator United Group BV as part of its overseas expansion strategy, according to a media report. The Abu Dhabi-listed company has been evaluating a possible purchase of United Group, Bloomberg reported, citing informed sources. Private equity firm BC Partners, the current owners […]

Dammam logistics port from air

Major logistics centre planned for Saudi’s third city

A major logistics centre is planned for Dammam in Saudi Arabia’s Eastern Province that will be connected to an expanded Dammam port and a new city metro system.  The regional logistics centre in Dammam, Saudi Arabia’s third largest city, will cover eight square kilometres and account for 55 percent of the Eastern Province’s targeted logistics […]

The project in Saudi Arabia's Al Khobar includes building a wastewater treatment plant with a capacity of 200,000 cubic meters per day

Drake & Scull unit to oversee $210m Saudi water project

A subsidiary of Dubai’s Drake & Scull International is to design and build an expanded wastewater treatment plant in Saudi Arabia’s eastern province. Passavant Energy and Environment Limited, which specialises in wastewater and water treatment technologies, was awarded the project in collaboration with a major contracting company in the kingdom. The name of the partner […]

Al Maktoum International Airport will be able to handle 260m passengers annually

First phase of Dubai’s $35bn airport to be ready in 10 years

Dubai has launched the world’s largest passenger terminal at Al Maktoum International at a cost of AED128 billion ($34.85 billion), capable of handling 260 million passengers annually upon completion. The initial phase of the project, slated to be completed within a decade, will be able to accommodate 150 million passengers annually, the UAE state-run Wam […]

Dubai residents receive help from volunteers as they evacuate their flooded homes

Flooding puts spotlight on Dubai’s population growth

Extensive flooding caused by the historic April 16 storm highlights the challenges the Dubai authorities face as they work on increasing the population by 2.5 million people by 2040. With an increasingly erratic climate, the key for local authorities will be managing that growth closely, industry professionals told AGBI.  “The growth in itself is not […]

6G tech

Batelco in talks to trial 6G technology in Bahrain

Bahrain telecommunications giant Batelco is in talks to trial 6th generation (6G) connectivity as the kingdom attempts to cement its position as a technological leader in the region. The island kingdom is among the first countries to have a comprehensive 5G network coverage in most urban areas, with more than 95 percent coverage courtesy of […]

The Elmed undersea power line will run from the electrical substation at Partanna in Sicily to a substation at Mlaabi, Tunisia

Tunisia-Italy power project gets $285m investment 

The Tunisian Electricity and Gas Company (STEG) has revealed plans to invest about €266 million ($285 million) to complete the Tunisian-Italian Elmed Interconnector Project, a 220km power line connecting the two countries. The investment will fund the Tunisian side of the project, which includes laying a 100km submarine power cable worth €125 million and the […]

Rain falling on paved surfaces such as roads has nowhere to go, but retrofitting roads to allow rainwater harvesting could help, some experts say

Rain harvesting could help Dubai offset a stormy future

If last week’s floods made improving drainage a necessity for Dubai, the reward might come in the form of more natural water resources, provided the emirate can boost rain harvesting efforts, industry observers tell AGBI. “The main idea for countries, especially in drier areas, is to try to reuse water as much as possible,” says […]

The Austrian unit of Spain's Cellnex, which owns 4,500 towers, has an estimated value of €800 million

STC and PIF to bid for Austrian telco tower operator 

Saudi Arabia’s STC Group and the Public Investment Fund (PIF), the kingdom’s sovereign fund, are likely to jointly bid for the Austrian unit of Cellnex, Spain’s mobile phone tower operator, El Economista newspaper reported. The Austrian unit, owning 4,500 towers, is estimated to be valued at €800 million ($857 million), the newspaper said, quoting unnamed sources. Cellnex’s […]

UAE puts up 2 billion dirhams to pay for flood-damaged homes

The UAE has pledged AED2 billion ($545 million) to help rebuild homes of citizens that were damaged in this month’s floods. Sheikh Mohammed bin Rashid Al Maktoum, the UAE prime minister and ruler of Dubai, said on X (formerly Twitter) that the UAE’s cabinet of ministers had also formed a committee to assess the flood […]

The signing ceremony for AD Ports Group's Luanda Port agreement. The 20-year deal is extendable by another 10 years

AD Ports commits $250m to Angola port upgrade

Abu Dhabi Ports Group is investing more than $250 million in a project to upgrade the port terminal at Luanda in Angola.  The company said it hd secured a 20-year concession agreement, extendable by another 10 years, with the Luanda Port Authority for operating and modernising the terminal. In agreements with the Angolan logistics companies […]