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FINANCIAL NEWS
Dubai withholds name of motorway project winner
18 Apr 2011
(MENAFN) The government of Abu Dhabi still had not disclosed the winner of a project for developing a motorway linking Abu Dhabi and Saudi Arabia, even though a winner had been selected back in February, reported The National.
In addition, the start date for the project was not reveled either.
This project is considered the UAE’s biggest road project ever. It would be built using the public-private partnership (PPP) model where contractors and financing partners form consortiums to fund and build projects.
It is worth noting according to the governments rules, the government keeps the right of withholding payments to the winning company if delivery was not up to the contract’s criteria.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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