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Company News, Business

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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)
By TRENDS Desk
June 23, 2022 10:49 pm
  • 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.

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