Here is a brief overview of the week?s news on Technical Review Middle East, from 13th August - 17th August
Saudi Arabia to launch second local currency sukuk programme
Saudi Arabia plans to launch its second local currency sukuk issuance next week, beginning 20 August. Click here to read the full story.
Trina's PV modules operational in the sustainable city in Dubai
Solar installation of 10MW set to power several facilities, including residential villas and leisure complexes. Click here to read the full story.
Dubai and Abu Dhabi to build potable water interconnection network
Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Water and Electricity Authority (ADWEA) have signed an MoU agreement to build a strategic water connection network between Dubai and Abu Dhabi by establishing water reserves in the UAE. Click here to read the full story.
ENGIE completes US$760mn investment in Tabreed
The UAE?s National Central Cooling Company (Tabreed) has announced the successful completion of the investment by the global energy company ENGIE to acquire 40 per cent of the shares in Tabreed for approximately US$760mn. Click here to read the full story.
Deal for largest solar storage project signed in Jordan
Jordanian PV manufacturer Irbid District Electricity Company and EPC Philadelphia Solar are developing a 11MW generation site, which will be paired with a 12MWh lithium-ion battery, which will perform peak shaving and load shifting duties to support the grid during daytime hours. Click here to read the full story.
Energy Recovery wins US$2.5mn for desalination projects in Saudi Arabia
Energy Recovery, provider of pressure energy technology for industrial fluid flows, has been awarded US$2.5mn to supply its PX Pressure Exchanger technology for desalination projects in Saudi Arabia. Click here to read the full story.
DEWA completes 70 per cent of M-Station expansion
Dubai Electricity and Water Authority (DEWA) has announced that CEO Saeed Mohammed Al Tayer recently reviewed the progress of the M-Station expansion project, the newest and largest electricity generation and water desalination plant in the UAE, and that 70 per cent of the project has been completed. Click here to read the full story.
Bahrain?s non-oil growth hikes to 4.4 per cent in Q1 2017
Growth in the non-oil sector of Bahrain?s economy reached 4.4 per cent in Q1 2017, up from 3.7 per cent during 2016, according to Bahrain Economic Quarterly published by the Bahrain Economic Development Board (EDB). Click here to read the full story.
Jebel Ali Free Zone trade hits US$80.2bn in 2016
DP World has announced the growing of Dubai-based Jebel Ali Free Zone?s (Jafza) non-oil foreign trade by 17 per cent from 23.9mn to 27.9mn tonnes in 2016, worth US$80.2bn. Click here to read the full story.
Siemens to build two new substations in Egypt?s Delta region
In a new move aimed at improving the resilience of Egypt?s power grid, the Egyptian Electricity Transmission Company (EETC) has awarded Siemens a contract for the construction of two substations. Click here to read the full story.
Expo 2020 Dubai: SMEs win more than 50 per cent of 2017 contracts
The latest Expo 2020 Dubai report, prepared by The Big 5 Dubai, reveals that more than 15,000 businesses have registered their interest on Expo 2020 Dubai?s online procurement portal and US$3bn in contracts are expected in 47 awards over 2017. Click here to read the full story.
Fluor?s phosphate project in Saudi Arabia begins production
Fluor Corporation announced that it is providing programme management services for Ma?aden Waad Al-Shamal Phosphate Company?s (MWSPC) Umm Wual phosphate project in Saudi Arabia for the production of ammonia, merchant-grade acid and fertiliser. Click here to read the full story.
