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HEALTHCARE-
Abu Dhabi will build a medical city dedicated to women and children’s health, according to a statement from the Abu Dhabi Media Office. The facility will launch in 2027 and will include a new center of excellence — dubbed the Sheikh Khalifa Medical City (SKMC) center — for pediatric care, “the Corniche Hospital dedicated to women and newborns’ health, a rehabilitation facility, and a mental health center for women and children,” the statement read.
More about the medical city: The facility will be established by the Abu Dhabi Department of Health (DoH) in partnership with ADX-listed PureHealth, according to the health department. The Corniche Hospital will include 205 beds, while the center of excellence will have a capacity of 259 beds with a team of 200 doctors.
INFRASTRUCTURE-
#1- ADIA invests in Indonesia’s toll road investment platform: The Abu Dhabi Investment Authority (ADIA), the Dutch pension investor APG Asset Management (APG) and Indonesia’s sovereign wealth fund (INA) have invested in Indonesia’s Trans Java toll road platform, according to an ADIA press release, which did not specify the exact amount of investments ADIA made. INA has already acquired for the platform seed assets that it thinks will unlock some USD 2.75 bn worth of investment in Indonesia’s toll road networks.
Background: Back in 2021, a consortium that includes ADIA, the INA, Caisse de dépôt et placement du Québec (CDPQ), and APG inked an MoU to establish Indonesia’s first infrastructure investment platform some USD 3.75 bn in investment capacity, according to CDPQ’s press release.
#2- Data analytics firm Presight and Japan’s Hitachi Digital Services are working together on smart and cognitive city technologies, according to an ADX filing (pdf). Both parties will also explore solutions for urban planning, infrastructure, environmental and energy efficiency, along with the digitization and the integration of AI, the statement reads.
#3- Vice President Sheikh Mohammed bin Rashid Al Maktoum has approved a number of social housing projects for 2024, Wam reports. The projects include distributing 3.5k land plots in an area dubbed Latifa City and another called Al Yalayis 5 to Dubai citizens in February, and some AED 5.5 bn, 2.3k ready-to-move-in houses, in various locations across the emirate, including Al Khawaneej 2, Al Aweer, Wadi Al Amardi, and Hatta to citizens.
#4- Dubai establishes a center to address road flooding issues: Dubai’s Road and Transport Authority (RTA) opened a joint flood management room to manage road flooding caused by heavy rain, Wam reports. A designated team will use advanced technology to monitor traffic and response plans and deploy teams to mitigate and minimize the impact of flooding.
ENERGY-
Borouge inks AED 160 mn two-year agreement with Naffco: Petrochemicals firm and Adnoc-Borealis JV Borouge is set to provide fire protection systems manufacturer and supplier Naffco with sustainable polyethylene materials for its local and regional infrastructure projects under an AED 160 mn two-year agreement, a press release reads.
The projects: Supplies will go to Naffco’s projects in Guggenheim Museum, Riyadh City, Mohammad Bin Zayed City, Yas Island, Dubai Hills, Heart of Europe Island, and Etihad Water and Electricity.
REAL ESTATE-
#1- ADX-listed RAK Properties sold out the inaugural phase of its latest residential waterfront project, Quattro Del Mar in Ras Al Khaimah, according to a press release posted on Thursday.
#2- e& + Adres to boost Abu Dhabi’s digital real estate landscape: Telecom operator Etisalat by e& signed a partnership MoU with proptech solutions firm Advanced Real Estate Services (Adres) to enhance its real estate platform and its other digital products, Dari, Wam reports.
INS.-
Dubai-based Al Nabooda Ins. Brokers (ANIB) is set to expand its medical ins. portfolio to include more comprehensive coverage, customizable plans, digital health solutions and a wider network of healthcare providers, according to a press release.
JUSTICE-
Dubai Ruler Sheikh Maktoum bin Mohammed Al Maktoum approved the appointment of 10 new Emirati judges during a Dubai Judicial Council meeting, according to a statement. Sheikh Maktoum, who serves as the council’s chairman, also greenlit the enrolment of 20 Emirati citizens in a training session organized by the Dubai Judicial Institute. The 20 are on track to be named assistant prosecutors in Dubai’s Public Prosecutor’s office.
