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FinancialNews
02-03-17
UAE to get USD84bn worth utilities projects
(MENAFN) Recently, there are 401 active projects in the UAE's utility sector, with an estimated value of USD84bn.
Furthermore, the sector contains 4 percent of the number of active construction projects and 11 percent of the whole estimated value of ongoing construction.
In addition, the number of ongoing utility projects increased by 2 percent in Jan compared to Dec 2016, even after considering the current finishing of 12 utility projects.
The largest of these was a district cooling plant at USD150mn worth for the National Food Products Co. located in Khalifa Industrial Zone in Abu Dhabi.
MENAFN0203201700450000ID1095282469
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