BlueFive Capital, a global investment platform based in Abu Dhabi, has been appointed as the first General Partner (GP) for a Fund of Funds worth RMB32 billion ($4.58 billion) established by CICC Capital, the private equity arm of China International Capital Corp and Chinese steelmaker HBIS Group.
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has issued a resolution to consolidate the assets and investments of L’IMAD Holding Company, and the Abu Dhabi Developmental Holding Group (ADQ) under the umbrella of L’IMAD.
Shandong Electric Power Construction Corporation No. 3 (Sepco3) has announced that work has begun on the 1.5GW Khazna Solar PV Project in Abu Dhabi. The scope of work includes completion of 9.6 million cu m earthwork as well as development of 369,000 PV support piles and 2.8 million PV modules.
Abu Dhabi has marked the completion of the first year of its Measurement, Reporting and Verification (MRV) programme, reinforcing the emirate’s position as a regional leader in climate-focused economic competitiveness and investment readiness.
Abu Dhabi developer Miral has announced that 28% work has been completed on Topgolf, a major leisure and entertainment offering on Yas Island, and is on track for timely completion later this year. It is being developed in partnership with Viya, the franchise partner of Topgolf.
NMDC Group, an integrated energy, marine services and EPC specialist in the Mena region, has announced that its business unit has secured a contract from the Department of Municipalities and Transport (DMT) for the execution of dredging and reclamation works in Abu Dhabi.
Mered, a leading international real estate developer, has appointed Paris-based landscape architecture and urban planning practice Michel Desvigne Paysagiste (MDP) as landscape consultant for its landmark waterfront development - Riviera Residences - on Al Reem Island in Abu Dhabi.
NMDC Group, an integrated energy and marine services, engineering, procurement, and construction (EPC) company in the region, has announced the expansion of its over 170 vessel fleet with an AED618 million ($168 million) self-propelled cutter suction dredger.
Abu Dhabi Airports has welcomed the inaugural Air China flight to Zayed International Airport (AUH), marking the launch of a new direct service between Beijing Capital International Airport (PEK) and Abu Dhabi.
Merath Development has announced the official launch of Vista Del Mar, a boutique residential development on Yas Island, Abu Dhabi, featuring a limited collection of 90 premium residences with a mix of one- to four-bedroom apartments and other premium amenities.
