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Real Estate News Alert.

Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Tuesday, March 31, 2009

Siemens Won $469 Million UAE Power Plant

Erlangen, Germany, March 30, SPA --German engineering giant Siemens has won a contract worth more than 350 million euros ($469 million) to build a power plant with an integrated seawater desalination facility in the United Arab Emirates, the company announced Monday. ...

GCC Power Demands $50 Billion 36% is UAE Share

$50b to be spent on power sector
GulfNews - Dubai, United Arab Emirates
Abu Dhabi: More than $50 billion (Dh183 billion) is expected to be invested in the power sector in the Gulf countries over the next seven years, according to research by the Middle East Economic Digest (MEED).
The UAE will need the highest investment of $18 billion (Dh66 billion) among the GCC countries, it is forecast. ...
At Wetex 2009 Dewa signs 4 contracts for thirteen 132/11 kv substations for the total amount of dhs. 1534 million
Al-Bawaba - Amman, Jordan
H.E Saeed Al Tayer signed various contracts on Monday, 30th March'09; the contracts were signed for 13 substations in total for the construction of important projects for the total amount of Dhs. 1.534 billion. ...

APR Energy Cayman Receives $30 Million Investment From Dubai

APR Energy wins $30M Dubai investment
Bizjournals.com - Charlotte, NC, USA
A Jacksonville provider of major turnkey temporary power generation services received $30 million in investment from a Dubai-based private equity firm.
APR Energy Cayman Ltd. will use the minority investment from Levant Capital Ltd. to buy new equipment and support research and development, said Paul Marcroft, APR Energy's vice president of sales and marketing. ...

DEWA and ADWEA Launched New AED 500 Million HV Cable Project

UAE utilities launch Dh500m joint venture
The National - Abu Dhabi, United Arab Emirates
The Abu Dhabi Water and Electricity Authority (ADWEA) and Dubai Electricity and Water Authority (DEWA), yesterday launched a Dh500 million (US$136.1m) joint venture to make high-voltage cables for local use and export to GCC countries. ...

1100 Direct Job Opportunities by Emal

Emal plant to create 1100 jobs
Zawya - United Arab Emirates
Dubai: Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala Development Company and Dubai Aluminium (Dubal), has plans to create 1,100 direct job opportunities over the next two years as the world's largest single-site aluminium smelter.
This year EmalEmal will more than double directly employed staff numbers from 620 to 1,370. ...