Abu Dhabi Airports bounces back handling 6.3m passengers in first half of year

Abu Dhabi Airports bounces back handling 6.3m passengers in first half of year
Abu Dhabi Airports bounces back handling 6.3m passengers in first half of year

Thank you for reading the news about Abu Dhabi Airports bounces back handling 6.3m passengers in first half of year and now with the details

Jeddah - Yasmine El Tohamy - MENA Project Tracker — ADNOC receives EOI for EPC contract; MENA moves toward petrochemical projects

CAIRO: Qatar Energy Renewable Solution has selected South Korean Samsung C&T for its engineering, procurement and construction contract, where the company will build two photovoltaic plants holding 875 megawatts in capacity.

The 2.3 billion Qatari Riyal ($632 million) project is to be completed by 2024, whereafter it will expand Qatar Energy's production of liquified natural gas, reported MEED.

Moreover, both plants — one located in Ras Laffan and the other in Mesaieed — will align with Qatar’s goals to reach 5,000 MW of solar power by 2035.

ADNOC receives EOI from companies

Abu Dhabi National Oil Co. has received interest from companies for the engineering, procurement and construction contract of its newest liquefied nitrogen gas export terminal project in Fujairah, reported MEED.

Firms had already submitted expressions of interest for the contract in July, whereafter they were asked to dispatch pre-qualification documents by Aug. 11.

However, ADNOC tendered another round of EOI, where it suggested that companies join as consortiums or partnerships to cover the required criteria expected for bids.

MENA moves toward petrochemical projects

Petrochemicals are on their path to becoming half of the worldwide oil consumption by 2050, reported MEED.

There has been $27.8 billion worth of chemical projects in process, in addition to another $80 billion worth of planned projects in the Middle Eastern and North African region alone.

On the other hand, oil refinery projects have been decreasing with only $44.3 billion worth of investments in oil refinery project plans. 

The MENA region continues to stray away from oil refineries and moves toward a more diversified industry which includes gas processing plants and petrochemicals.

“This growth has been underpinned by the drive to diversify the industry’s product portfolio. We estimate that investments in new derivatives facilities in the GCC will add 7.4 million tonnes of new capacity in the coming years,” said Abdulwahab Al-Sadoun, secretary-general of the Gulf Petrochemicals & Chemicals Association.

These were the details of the news Abu Dhabi Airports bounces back handling 6.3m passengers in first half of year for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]