Sustainability Abu Dhabi seeks proposals for new desalination plants By Pramod Kumar July 7, 2023, 5:19 AM WAM Abu Dhabi islands RO projects will become the seventh and eighth RO plants for EWEC, said CEO Othman Al Ali State-owned Emirates Water and Electricity Company (EWEC) has issued a request for proposals (RFP) to develop the new Abu Dhabi islands reverse osmosis (RO) desalination plants. The Abu Dhabi Islands RO independent water project consists of two standalone greenfield low-carbon seawater desalination plants on Saadiyat and Hudayriat islands. Both plants will provide a combined 100 million imperial gallons per day. Abu Dhabi islands RO projects will become the seventh and eighth RO plants for EWEC, said CEO Othman Al Ali. The RFP was issued to bidders who passed the qualification process following the expressions of interest (EOI) stage in September 2022. A total of 41 companies and consortiums submitted EOIs, while 19 companies and consortiums qualified for the RFP stage after submitting statements of qualification. The project will involve developing, financing, constructing, operating, maintaining, and owning the plant and associated infrastructure. The successful developer or consortium will own up to 40 percent of the entity, while the remaining equity will be held indirectly by the Abu Dhabi government. The responses to the RFP are expected by the end of Q4 2023, following which EWEC will announce the name of the bidders.
Finance Global trade will grow in 2025 despite tariff threats, says UAE minister Global trade is expected to grow in 2025 despite threats by US President Donald Trump to impose new import tariffs, UAE’s minister of state for foreign trade Thani Al Zeyoudi has said. The momentum in foreign trade and global trade is growing, he told Bloomberg Television at the World Economic Forum in Davos, Switzerland. “Trump is […] 4 hours ago
Banking & Finance Credit and debit card use rises steeply in Turkey Cash could be dethroned as king in Turkey as consumers increasingly turn to plastic when paying for goods and services. But the rise in card usage also comes at a cost, as more Turks fall behind in servicing their debt. Credit and debit card spending reached a total of TL14.87 trillion ($420 billion) in 2024, […] 4 hours ago
Infrastructure Etihad Rail train to link Abu Dhabi and Dubai in 30 minutes Authorities from Abu Dhabi and Dubai formally unveiled plans on Thursday for a high-speed passenger rail link that will reduce travel between the two cities to 30 minutes. Spearheaded by Etihad Rail, the train service will reach speeds of up to 350km/h, and “pass through key strategic destinations and tourist attractions”, an Abu Dhabi media […] 8 hours ago
Aviation Saudi budget airline Flynas expects IPO approval soon Saudi low-cost carrier Flynas is likely to get approval soon from the market regulator for its planned listing on the Riyadh stock exchange. Talal Al Maiman, CEO of the airline’s part-owner Kingdom Holding, said in an interview with Al Arabiya TV at the World Economic Forum that Flynas planned to list 30 percent of its […] 10 hours ago
