Related Articles

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  Masdar and Taraf launch sustainable residential project

  9 September 2025

  Taraf Properties, the real estate division of UAE-based investment group Yas Holding, and Abu Dhabi-based Masdar have announced plans for a 1.4-million-square-metre residential community in Masdar City, Abu Dhabi.

  The development will offer more than 1,000 two- to six-bedroom villas and townhouses, as well as parks and associated facilities.

  No further details regarding the project’s timeline or budget were disclosed by the developers.

  Taraf Properties was launched by Yas Holding last year to diversify its portfolio and support its growth plans. Taraf aims to be a luxury and boutique developer and asset manager, delivering residential and commercial spaces in prime UAE locations. 

  Yas Holding’s CEO, Low Ping, said Taraf was launched “at a time when the UAE is witnessing a surge in long-term investments, supported by strong confidence in the country’s economy, which has strengthened in recent years and is expected to witness continued growth”.

  The launch of Taraf coincided with continued growth in the UAE property market, driven by government initiatives aimed at enhancing economic resilience and expansion.

  Yas Holding’s business portfolio comprises approximately 50 subsidiaries across sectors including healthcare, agriculture, food, technology, education, real estate and aviation.

  The firm operates in the Middle East, Africa, Europe and Asia.

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  READ THE SEPTEMBER 2025 MEED BUSINESS REVIEW – click here to view PDF

  Doha’s Olympic bid; Kuwait’s progress on crucial reforms reinforces sentiment; Downstream petrochemicals investments take centre stage

  Distributed to senior decision-makers in the region and around the world, the September 2025 edition of MEED Business Review includes:

  > OLYMPICS: Qatar banks on infrastructure for Olympic bid > QATAR TOURISM: Olympics bid aims to extend tourism gains > CURRENT AFFAIRS: Syria charts post-war reconstruction course > INDUSTRY REPORT: Regional chemicals spending set to soar > DOWNSTREAM: Adnoc set to become a chemicals major > SAUDI STADIUMS: Stadiums become main event for Saudi construction > CONSTRUCTION: Middle East to be a growth leader for global construction > LEADERSHIP: Dubai’s sea-air logistics model powers resilient trade > LEGAL: Dubai's new law aims to reshape construction > KUWAIT MARKET FOCUS: Kuwait’s political hiatus brings opportunity

  To see previous issues of MEED Business Review, please click here

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  Yasir Iqbal
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  Lowest bidder emerges for Jebel Ali reservoir project

  9 September 2025

  India’s Dineshchandra R Agrawal Infracon has submitted the lowest bid for a tender to build a 45-million-imperial-gallon (MIG) reservoir at Jebel Ali.

  The firm submitted a main bid of AED197.1m ($53.7m), along with an alternative offer of AED189.45m. The bidding deadline was 4 September.

  Most contractors submitted alternative bids, proposing slightly different designs or methods that could reduce costs or expedite delivery.

  The project was tendered by Dubai Electricity & Water Authority (Dewa) under reference number 2132500052. The contract stipulates an 18-month completion schedule, which includes a reliability run.

  The bidders and their total prices are:

  • Dineshchandra R Agrawal Infracon (India): AED 197.10m
  • AG Engineering & Power Contracting (UAE): AED 261.46m
  • Green Oasis General Contracting Company (UAE): AED 286.63m
  • Dhafir Technologies (UAE): AED 312.10m
  • United Engineering Construction (Unec) (UAE): AED 319.00m

  Alternative prices ranged from AED189.45m for Dineshchandra R Agrawal, AED282.63m for Green Oasis, AED293.60m for Dhafir Technologies, to AED312m for Unec.

  AG Engineering & Power Contracting only submitted a main bid. Unlike the other bidders, Unec proposed a 24-month completion period.

  Several companies, including Binladin Contracting Group, GBH International Contracting and Oman International Telecommunication, submitted placeholder regret prices of AED0.01. 

  The Jebel Ali 45MIG reservoir is a mid-sized project within Dubai's broader water infrastructure development, larger than Dewa’s 30MIG Hatta reservoir, but smaller than the 120MIG Enkhali reservoir commissioned in 2024. 

  Once awarded, the contract will add significant storage capacity to Dubai’s water infrastructure.

  All bidders provided bank guarantees and confirmed their offers as firm.

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  READ THE SEPTEMBER 2025 MEED BUSINESS REVIEW – click here to view PDF

  Doha’s Olympic bid; Kuwait’s progress on crucial reforms reinforces sentiment; Downstream petrochemicals investments take centre stage

  Distributed to senior decision-makers in the region and around the world, the September 2025 edition of MEED Business Review includes:

  > OLYMPICS: Qatar banks on infrastructure for Olympic bid > QATAR TOURISM: Olympics bid aims to extend tourism gains > CURRENT AFFAIRS: Syria charts post-war reconstruction course > INDUSTRY REPORT: Regional chemicals spending set to soar > DOWNSTREAM: Adnoc set to become a chemicals major > SAUDI STADIUMS: Stadiums become main event for Saudi construction > CONSTRUCTION: Middle East to be a growth leader for global construction > LEADERSHIP: Dubai’s sea-air logistics model powers resilient trade > LEGAL: Dubai's new law aims to reshape construction > KUWAIT MARKET FOCUS: Kuwait’s political hiatus brings opportunity

  To see previous issues of MEED Business Review, please click here

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  Mark Dowdall
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  Kuwait’s growth picture improves

  9 September 2025

  Download the PDF

  

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  MEED’s September 2025 report on Kuwait includes:

  > COMMENT: Kuwait’s political hiatus brings opportunity
  > GOVERNMENT: Kuwait looks to capitalise on consolidation of power
  > ECONOMY: Kuwait aims for investment to revive economy
  > BANKING: Change is coming for Kuwait’s banks
  > OIL & GAS: Kuwaiti oil activity rising after parliament suspension
  > POWER & WATER: Signs of project progress for Kuwait's power and water sector
  > CONSTRUCTION: Momentum builds in Kuwait construction

  To see previous issues of MEED Business Review, please click here

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  MEED Editorial
• 
  Bidders wait for Kuwait water project award

  9 September 2025

  

   

  Bidders are still waiting for the letter of contract award to be issued by Kuwait’s Ministry of Electricity, Water & Renewable Energy (MEW) for the planned water distribution complex project in Shuwaikh, according to industry sources.

  Bids were submitted in March this year, with Kuwait’s Khalid Ali Al-Kharafi & Brothers Company emerging as the lowest bidder.

  The full list of submitted bids was:

  • Khalid Ali Al-Kharafi & Brothers Company ($241.65m)
  • Alghanim International General Trading & Contracting Company ($258.9m)
  • Arab Contractors ($276.49m)
  • United Gulf Construction Company ($338.69m)

  Later, in July, bidders were asked to extend their bid bond warranty.

  It is not known why the contract for the project has not yet been officially awarded.

  The tender is a major project for the MEW. It is expected to increase the country’s water storage capacity by 71 million imperial gallons, while also boosting the daily pumping capacity of low-salinity water by 23 million gallons.

  The invitation to bid was originally issued in March 2023, and the bid submission deadline for the project was extended 18 times before bids were ultimately submitted earlier this year.

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  MEED’s September 2025 report on Kuwait includes:

  > COMMENT: Kuwait’s political hiatus brings opportunity
  > GOVERNMENT: Kuwait looks to capitalise on consolidation of power
  > ECONOMY: Kuwait aims for investment to revive economy
  > BANKING: Change is coming for Kuwait’s banks
  > OIL & GAS: Kuwaiti oil activity rising after parliament suspension
  > POWER & WATER: Signs of project progress for Kuwait's power and water sector
  > CONSTRUCTION: Momentum builds in Kuwait construction
  > DATABANK: Kuwait’s growth picture improves

  To see previous reports on other countries, please click here

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14630519/main.png

  Wil Crisp
• 
  Doha’s Olympic dream

  9 September 2025

  Commentary
  Colin Foreman
  Editor

  Read the September issue of MEED Business Review

  Doha announced in late July that it will bid to host the 2036 Olympic Games. Hosting the world’s largest multi-sport event is a game-changing prospect for Qatar as its economy seeks a renewed sense of direction after hosting the Fifa World Cup in 2022.

  While its economy has performed better than many expected, it has not maintained the vigour it enjoyed before the World Cup. 

  This is most notable in the construction sector, where there was a significant drop off in activity as the World Cup infrastructure construction programme drew to a close.

  Few new projects have moved forward over the past three years. 

  The exception has been in the oil and gas sector. In October 2023, Qatar officially launched its $30bn North Field liquefied natural gas expansion project, which is being delivered with the engineering, procurement and construction of six large trains in two phases: North Field East and North Field South.

  Hosting the world’s largest multi-sport event is a game-changing prospect for Qatar

  In December 2020, Doha was selected to host the Asian Games in 2030. Having hosted the event in 2006, the selection has had little visible impact on the outlook for the Qatar economy. The Olympic Games, which is a much larger and international event, is a different proposition, with the potential to be a driving force for the economy for the next decade. 

  There is one crucial difference between Qatar’s Olympic bid and its World Cup bid in 2010. For the Olympics, Qatar has said that 95% of the required infrastructure is in place. This aligns neatly with the International Olympic Committee’s New Norm policy to be more sustainable. But it also means that while a 2036 Olympics will be an economic stimulant for the Qatari economy, there are diminishing returns when it comes to multiple large-scale international events. 

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  READ THE SEPTEMBER 2025 MEED BUSINESS REVIEW – click here to view PDF

  Doha’s Olympic bid; Kuwait’s progress on crucial reforms reinforces sentiment; Downstream petrochemicals investments take centre stage

  Distributed to senior decision-makers in the region and around the world, the September 2025 edition of MEED Business Review includes:

  > OLYMPICS: Qatar banks on infrastructure for Olympic bid > QATAR TOURISM: Olympics bid aims to extend tourism gains > CURRENT AFFAIRS: Syria charts post-war reconstruction course > INDUSTRY REPORT: Regional chemicals spending set to soar > DOWNSTREAM: Adnoc set to become a chemicals major > SAUDI STADIUMS: Stadiums become main event for Saudi construction > CONSTRUCTION: Middle East to be a growth leader for global construction > LEADERSHIP: Dubai’s sea-air logistics model powers resilient trade > LEGAL: Dubai's new law aims to reshape construction > KUWAIT MARKET FOCUS: Kuwait’s political hiatus brings opportunity

  To see previous issues of MEED Business Review, please click here

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14627709/main.gif

  Colin Foreman