Abu Dhabi / WAM Aldar Properties, Aldar, has appointed Trojan General Contracting LLC as the main contractor for Water’s Edge, its latest waterfront development on Yas Island. The AED1.3 billion contract follows the award of the early works package to Dutch Foundation, who commenced work on site in February this year. Located on Yas Island’s Eastern shores, Water’s Edge comprises ...

DUBAI / WAM The Roads and Transport Authority (RTA) awarded two contracts worth AED1.3 billion for phases 3 and 4 of roads leading to Expo 2020 project. The project is intended to ensure a smooth flow of traffic to serve exhibition visitors as well as future projects in the area. The latest announcement comes as per the directives of His ...

Abu Dhabi / WAM Emirati banks are continuing to focus their investment activities on securities, which raised the total balance of their investment in the sector to AED69.3 billion at the end of February 2018, an increase of AED6.8 billion compared with December 2017. According to experts in the banking sector, the banks are continuing to increase their level of ...