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FINTECH-
e& Enterprise + partners with ESG-focused fintech platform: e&’s tech solutions arm e& Enterprise inked an agreement with fintech platform Fils to incorporate Fils’ platform into e& enterprise’s digital payment platform, the companies said in a press release. Through the integrated platform, UAE-based businesses will be able to track, calculate, and reduce their carbon footprint through tools that can help businesses calculate and offset their carbon emissions.
SUSTAINABILITY-
Upwards of 1.6k farms in Abu Dhabi will use recycled water: In a bid to alleviate pressure on groundwater resources, the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), in partnership with Abu Dhabi’s energy department, environment agency, Taqa, Al Ain Distribution Company, and Abu Dhabi Sustainable Water Solutions Company, have launched a delivery plan to distribute recycled water to 1.6k farmers in Abu Dhabi, according to an Abu Dhabi Media Office statement. Taqa and its partners have set up pipelines distributing 150k cubic meters per day to farms in Al Khatam, Khazna, and Nahda, meeting the recycled needs of 73 cubic meters daily per farm. The delivery plan aims to save groundwater by preventing pumping from around 4.8k wells, effectively preventing wells from extracting up to 250k cubic meters a day.
REAL ESTATE-
Damac Properties has awarded USD 81.74 mn in works contracts for its Damac Hills 2 project, reports Mubasher. The Emirati property developer awarded a AED 210 mn contract to China Tiesiju Civil Engineering Group Company’s (CTCE) Dubai branch for the construction of 439 villas and townhouses, while Infra Nets Contracting was awarded a separate contract for road and infrastructure works. Construction on the Damac Hills 2 project is currently underway, with Damac awarding AED 236 mn in October for the neighborhood’s Camelia cluster.
