TAQA to Invest $2.5 Billion into Three Electric Power Plants in Morocco and Tunisia

TAQA To Invest $2.5B In Morocco And Tunisia
Zawya
ABU DHABI - The Abu Dhabi National Energy Company, or TAQA, will invest $2.5 billion into three electric power plants in Morocco and Tunisia over the next four years, a senior official said on Monday.

TAQA Managing Director for North Africa and Middle East Majid Iraqui told Khaleej Times that construction of the projects will begin sometime this year, while commercial operations will commence in 2012 and 2013, respectively. ...

Al-Ghurair Group Signs $347.2 Million with Financial Institutions

Ghurair In Dh1.27 Billion Islamic Facility
Zawya

The well-diversified Al Ghurair Group has signed a $347.2 million (Dh1.275 billion) Islamic facility with a group of financial institutions including Mashreq, top executives told Emirates Business.

The facility has been structured in Ijara and Musharaka that require a sale and lease-back of the asset owned by the client, a Mashreq executive said. ...

Bahrain's New $80m Projects at Al-Seef

Bahrain's Seef eyes $80m projects
Trade Arabia - Manama, Bahrain
Bahrain's Seef Properties plans projects worth 30 million dinars ($79.58 million) this year with state-owned housing bank Eskan, the firm's chairman said in remarks published on Tuesday.

Abdul Rahman Fakhro, chairman of Bahrain's largest developer by market value, said the projects would be in the Saar neighbourhood, local daily newspaper Al Wasat reported.