A round-up of this week's top stories
MEED | Middle East Economic Digest
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Adnoc and Ewec sign $10bn gas supply deal
Adnoc has signed a 10-year flexible natural gas sales and purchase agreement worth $10bn with Ewec, the sole procurer and supplier of electricity and water in Abu Dhabi. Gas-fired power plants account for about?67% of Abu Dhabi's current installed capacity, with…read more
The GCC Data Centre Projects Market 2025 covers more than 115 of the region’s major data centre projects with a total investment value of more than $20bn. The report is the most definitive single publication summarising in detail each of the projects along with…read more
Alfanar and BYD win 2.5GW battery storage contract
National Grid Saudi Arabia, a wholly-owned subsidiary of Saudi Electricity Company (SEC), has awarded the local Alfanar Company an EPC contract for five bess?facilities. China's?BYD Auto won the contract for the design;?supply;?supervision of installation, testing and…read more
Rak Properties plans $1.3bn developments in 2025
Rak?Properties has announced plans to launch 12 new residential developments in the northern emirate of the UAE in 2025. The new developments, including residential buildings, branded residences?and villas, will mainly be launched in Mina, a beachfront…read more
Spanish firm to conduct Morocco to Spain rail link study
Spanish firm Herrenknecht Iberica has won a EUR296,400 ($307,483) contract to conduct a drilling feasibility study for an?undersea rail line linking?Morocco and Spain. The plans involve a double-rail track and an additional service line stretching 38.5km?between Tarifa…read more
CCC wins Fadhili gas plant package from Samsung
CCC will execute the construction works on package four of the project, including?the construction of utilities and offsite works. According to an official announcement posted on the social networking site LinkedIn, CCC said that the?construction works started…read more