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ADNOC Drilling awarded five-year contract for oilfield undefinedservices worth up to $800 million

ABU DHABI / WAM ADNOC Drilling Company PJSC (“ADNOC Drilling” or the “Company”) announced today the award of a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs. The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution ...

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SINGAUTO to establish AED100 million smart logistics facility in KEZAD

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group and SINGAUTO, a Singapore-based tech innovator, have announced the signing of a 50-year land lease agreement to establish a state-of-the-art facility in KEZAD Area A (KEZAD Al Ma’mourah). SINGAUTO has committed AED100 million in investments to build a 100,000 square metre advanced facility focused on the development of ...

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Tabreed, CVC DIF to acquire Abu Dhabi’s PAL Cooling from Multiply Group

ABU DHABI / WAM CVC DIF, the infrastructure strategy of leading global private markets manager, CVC, and Tabreed, the world’s leading district cooling company, have entered a partnership to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group. The transaction, with an equity value of approximately AED3.8 billion, includes three long-term concessions in the Abu Dhabi main island area and ...

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