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ENERGY-
#1- Taqa Water Solutions — formerly known as Sustainable Water Solutions — awarded an AED 150 mn (USD 40.8 mn) wastewater management contract to Abu Dhabi-based Gulf Contractors, a press release reads. Announced at the World Utilities Congress, the project aims to serve four communities in Abu Dhabi: Al Bahia, Al Sader, Al Shaliela, and Taweelah.
The details: The project entails building a 9.5-km gravity-driven pipeline and shutting down existing pumping stations to boost energy efficiency and reduce carbon emissions. This upgrade will increase wastewater capacity, raising it to 120k cubic meters per day.
Remember: Taqa rebranded its subsidiaries and consolidated its distribution arms on Tuesday.
#2- The newly established Apex Energy and Enercap JV signed MoUs to manufacture 35 GWh of energy storage capacity across its facilities, according to an ADX disclosure (pdf). The companies had set up the JV last week, with plans to build a 10 GW manufacturing plant and acquire and develop another 6 GW one in Dubai Industrial City. Apex Energy holds a 65% stake in the joint venture, while Enercap controls 35%.
#3- EtihadWe has partnered with the Energy and Infrastructure Ministry to promote renewable energy usage in the northern emirates, through the Distributed Solar System (DSS) project, which allows EtihadWe customers to generate solar power via rooftop photovoltaic (PV) systems, according to a press release (pdf).
#4- The Energy and Infrastructure Ministry and Siemens Energy signed an MoU to boost sustainable development and grid infrastructure, state news agency Wam reports. The collaboration areas include developing solutions for grid expansion and reliability and exploring synergies with research facilities regarding energy transition. The partners will also evaluate integrating renewable energy sources into the existing grid infrastructure, as well as analyzing the hydrogen value chain and production.
AVIATION-
Air Astana expanding in the UAE: Kazakhstani flag carrier Air Astana will be launching new services from the Kazakh capital Astana to Abu Dhabi on 30 October and from the country’s western region Almaty to Abu Dhabi on 12 December 2024, according to a statement.
SPORTS-
Palm Sports renews AED 240 mn government contract: The International Holding Company ’s (IHC) sports management subsidiary Palms Sports renewed a AED 240 mn government for jiu jitsu and self-defense training for two more years, ending in June 2026, according to an ADX disclosure (pdf).
Remember:The sports entity renewed another governmental contract last month worth AED 49.5 mn to provide similar self-defense courses.
DEFENSE-
Swedish aerospace and defense company Saab has provided the UAE Air Force with another GlobalEye Airborne Early Warning and Control (AEW&C) aircraft, it said in a statement. This is the fifth GlobalEye aircraft Saab has produced and delivered to the UAE since 2020.
Saab ❤️ the UAE: Earlier in January, Saab inked a three-year agreement to provide the Defense Ministry with maintenance support for the GlobalEye AEW&C solution under a USD 190 mn (AED 697.8 mn) contract. The company’s UAE division also inked an MoU with AD Ports Group in August 2023 to boost safety and efficiency in port operations.
FINANCIAL SERVICES-
Bidzi launches in the UAE market: Digital M&A facilitating platform Bidzi, which provides business valuations, marketing, buyer matching, due diligence and closings, launched in the UAE, according to a press release. The platform mainly targets SMEs.
