Abu Dhabi has showcased more than 600 projects worth over $55 billion, covering housing, transport, education and agricultural assets, to Turkish investors at Ankara.
The roadshow by the Abu Dhabi Infrastructure Summit (ADIS) aims to highlight opportunities for cooperation and to build long-term partnerships with Turkish companies, particularly in modular construction, transport, and complex engineering developments.
Mohammed Yousef Al Hosani, Executive Director at the Abu Dhabi Projects and Infrastructure Centre, highlighted the essential role of public-private partnerships (PPPs) and revealed that the capital city plans to use modular construction for 40,000 housing units over five years, creating opportunities for Turkish expertise.
Organised by the Abu Dhabi Projects and Infrastructure Centre (ADPIC), the summit includes the partnership of the Department of Municipalities and Transport, the Abu Dhabi Investment Office, and the Abu Dhabi Housing Authority, alongside leading Turkish engineering and contracting firms.
Nakheel, a member of Dubai Holding Real Estate, has begun handing over 892 homes at Jebel Ali Village, which is expected to be home to approximately 5,500 residents.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
The UAE's air defence systems detected a missile threat on Tuesday, with authorities advising the public to stay in a safe location and follow official channels for warnings and updates.