Emirates Development Bank (EDB) is supporting the UAE’s post-COVID-19 economic recovery and acceleration efforts with a new AED 100 million facility for SMEs.
Emirates Development Bank supports UAE’s economic recovery
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How does Nafasi Water lead desalination projects in Namibia?
Nafasi Water desalination projects in Namibia serve a critical need. Namibia has a population of over 2.5 million people, and is grappling with a national water crisis, as a result of severe droughts.
Can Kenya solve its housing problem?
Kenya is struggling with a massive housing problem. Kenya needs to build approximately 250,000 houses per year to keep up with the growing demand. Kenya’s housing problem provides extensive opportunities for investment in construction.
Business intelligence for SMEs in the UAE
ABiQ outlines the benefits of business intelligence for SMEs in the UAE. SMEs can easily obtain hard-to-find verified contact details, including phone numbers and email addresses. Businesses can identify industry trends early. This helps them stay ahead of their competitors.
The United Arab Emirates Construction Industry: 2022 Overview
The UAE construction industry accounts for 70% of all ongoing infrastructure projects listed in the ABiQ database, as of May 2022. The UAE construction industry is estimated to be worth $90 billion USD.
Top 5 Projects in the UAE
The top 5 projects in the UAE are intriguing and inspiring projects. The UAE has a number of active mega projects covering several sectors. Over the last two decades, the UAE has led the way on mega construction projects globally. While most of those megaprojects are now complete, there are still several world-class projects in development.
The Etihad Rail System
The Etihad Rail project was launched in June 2009. The Etihad Rail project is currently around 70% complete. The Etihad Rail System is set to link the principal centres of population and industry of the United Arab Emirates (UAE).
Who are the top construction companies in the UAE?
In terms of market growth, the UAE is the world’s largest construction market making it one of the fastest-growing regions in the world. The UAE construction market is expected to reach a value of USD 40 billion by 2030.
Top 5 Oil and Gas Projects in the UAE: 2022
ABiQ tracks oil and gas projects across the UAE. As per the project tracking platform ABiQ, there are over $70 billion of active Oil and Gas projects in the UAE. ABiQ estimates that the UAE will spend $8.5 billion in 2022 on various Oil and Gas projects that are currently under construction.
Saudi Aramco announced record results for the first quarter of 2022
Saudi Aramco announced record results for Q1 2022 with a net income increase of 82 per cent, driven by higher volumes and pricing.
Shell announces deep-water discoveries offshore Namibia
Shell has made a significant oil discovery in deep water off the coast of Namibia. Shell’s JV partners Namcor and Qatar Energy are evaluating development options
UNESCO launches a $45 million renewable project in Zimbabwe
A new USD 45 million renewable energy project for Zimbabwe is scheduled to start this month and run for four years
Ghana’s AWM project will receive €44.7 million from the EU and the FDA
The Agricultural Water Management Project (AWMP) is one of the interventions government facilitated to mitigate the impact of perennial drought, a significant setback impeding the prospects of the agrarian economy in the five Northern regions of Ghana
DBSA announced the first debt drawdown for Redstone CSP
The Development Bank of Southern Africa has announced that the Redstone Concentrated Solar Power Project has completed its first debt drawdown.
Eskom plans to add 4 GW of renewable power to the national grid
Eskom has launched a request for a proposal to lease land to add an estimated 4,000 MW of new renewable generation capacity to the national grid.
“Desert to Power” project receives a $5.5 million grant to fund phase 2
Half of the 340 million people living in the Sahel region do not have access to electricity. The African Development Bank’s “Desert to Power” initiative aims to provide electricity to 250 million people.
The IFC has invested $15 million in Egypt’s Algebra Ventures’ Fund II
Algebra Ventures is Egypt’s leading technology venture capital firm. According to its website, it has invested over $300 million in its portfolio companies
Zanzibar’s $665.5 million water sector investment programme launched
Zanzibar is a semi-autonomous island region of Tanzania. The government of Zanzibar has officially launched a multi-million investment programme to ensure sustainable water supply for its 1.6 million population
A $25 Million Nationwide Renewable Cooking Fuel Utility in Rwanda
The Rwanda Development Board reported that the Rwandan government signed an agreement with KOKO Networks to develop a $25 million nationwide renewable cooking fuel utility
Egypt leads Africa in the number and value of construction projects.
However, Egypt is already the most prominent construction market in Africa. The country is investing billions in housing and infrastructure developments. The value of ongoing and upcoming projects in Egypt exceeds $214 billion
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