CAIRO: The Abu Dhabi Department of Economic Development is offering plots of land on subsidized rates to firms implementing sustainable business practices, reported MEED.
The incentive is part of the Abu Dhabi Industrial Strategy to boost economic growth and ensure sustainability. Under the plan, a piece of land will be sold at rates as low as $1.4 sq. m.
“Incentivizing land use is a vital strategic subsidy for businesses, advancing their growth and development objectives, and enhancing their capital expenditures and cash-flow management,” said ADED Chairman Mohamed Ali Al-Shorafa.
Nakheel to renovate Dubai Islands
Nakheel— Dubai’s leading master developer —has revealed its plans to transform Dubai Islands in line with the emirate’s 2040 Master Plan, reported Zawya.
“Dubai Islands will add to the Nakheel portfolio of residential, retail, hospitality and leisure developments, offering another destination within a destination,” said Nakheel CEO Naaman Atallah.
SWPC invites bids for water pipeline
The Saudi Water Partnership Co. has requested proposals for a 150-km independent water transmission pipeline contract, which will link Rayis in the Madinah region to Rabigh in the Makkah region.
Bids from 14 pre-qualified firms are expected by Jan. 17, 2023, reported MEED.
The project will be constructed on a build, own, operate and transfer model and is expected to be completed by the end of 2025.
SWCC starts bids on desalination scheme
Saudi Arabia’s Saline Water Conversion Corporation has started bids on the design and building contract of its new seawater reverse osmosis plant in Ras al-Khair Industrial City, reported MEED.
The project bids will be received no later than Sept. 29.
The Megaton SWRO project is expected to hold up to 50,000 cubic metres a day upon its completion.
Spark to build SR40m factory
Mubarak A AlSuwaiket and Sons Oil & Gas Services Co. have partnered up with King Salman Energy Park on the building of a SR40 million ($10.66 million) factory.
Located in the Kingdom’s eastern province, the factory will extend over 40,000 square meters in Spark and reach completion within three years.
