Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

EIG, Q Properties sign gas deal

EIG will be involved in maintenance works for gas systems of Q Properties in LPG, NG, SNG and CNG. (WAM)
  • EIG will provide the Q Properties with services like feasibility, commercial, technical, conceptual designs and engineering.
  • EIG will also support the project during engineering phases for gas-related work on the Reem Hills luxury development.

Emirates International Gas (EIG), a subsidiary of EHC Investment, will supply gas to Q Properties’ Reem Hills project as the two signed a deal for the same.

EIG will also provide the Q Properties with services like feasibility, commercial, technical, conceptual designs and engineering, construction, operation and maintenance works for gas systems in LPG, NG, SNG and CNG.

Moreover, it will provide all support during the engineering phases for gas-related work on the Reem Hills luxury development.

Under the deal, EIG will initially be installing the gas supply system at the recently launched Reem Hills project.

It is an exclusive, AED8 billion ($2.1bn) modern gated villa community on Reem Island and a leading project of Q Properties.