UAE Awards Two Power Contracts Worth $114Mn
The UAE Government has awarded two contracts worth Dh420mn($114mn) for power projects in the northern UAE emirates. The first contract worth Dh260mn($71mn) with South Korea's Hyundai is for the building of two power stations in Rasal-Khaimah and one each in Ajman, Umm al-Quwain and Sharjah. The contract is due forcompletion in 18 months. The second contract worth Dh160mn ($43mn) with Simal Rustomaniinvolves the...