NEWS

Latest News and Developments 

Evolving Credit Support Structures in GCC PPP Projects: Balancing Market Dynamics and Risk Allocation

Over the past two decades, PPP and project finance have reshaped the GCC’s utilities sector, evolving their credit support structures to balance project bankability with fiscal responsibility. From early reliance on Ministry of Finance guarantees to the adoption of alternatives like Letters of Support, this piece examines key shifts, challenges, and strategies to enhance project viability for both the Government and Private Sectors in a dynamic growing market.

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DEWA signs 35 year PPA with Dubai Municipality for DWMC

DEWA has signed a 35-year Power Purchase Agreement (PPP) from Dubai Waste Management Centre (DWMC), the world’s largest and most efficient waste-to-energy centre. The new agreement between DEWA and Dubai Municipality aims to support Dubai Government’s directions in the field of clean and sustainable energy, serve sustainability and the circular economy, as well as enhance cooperation between the two sides. The agreement was signed during the World Government Summit 2023 in Dubai.

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Tribe secures Commercial Registration in Saudi Arabia

Tribe Infrastructure Group (Tribe) has secured commercial registration in the Kingdom of Saudi Arabia as part of its international expansion.
The move provides Tribe access to one of the world’s fastest growing infrastructure project finance markets supporting Saudi Arabia’s development under the Vision 2030 programme. Tribe’s Saudi headquarters will be based in the capital, Riyadh.

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Tribe conducts project finance training for EWEC

Tribe Infrastructure recently delivered comprehensive training on project finance and financial modelling to employees of the Emirates Water and Electricity Company (EWEC). The training course was delivered in Tribe’s offices at Abu Dhabi Global Market and reinforces Tribe’s commitment to knowledge sharing and technical training.

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Warsan WtE wins PFI Deal of the Year

THe Warsan Waste to Energy project has won the prestigious PFI Deal of the Year award for the Middle East & Africa region in 2021, cementing its position as a leading example of sustainable energy solutions in the region. The project, which was procured by Dubai Municipality, has been recognised for its innovative approach to waste management and energy production.

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Tribe relocates to expanded office accommodation at ADGM

Tribe Infrastructure Group has relocated to new accommodation on level 21 of Al Sila Tower at ADGM on Maryah Island. The move comes as part of the company’s continued expansion and is supported by the Abu Dhabi Investment Office (ADIO) under its AED 2 billion Innovation Programme.

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