Projects based on the independent power producer (IPP) model and worth Dh27 billion ($7.34 billion) have received approval from the Dubai Electricity and Water Authority (Dewa).

Emicool, a joint venture of Dubai Investments and Union Properties, says it plans to boost its market share in the UAE from the current 12 per cent to 20 per cent and to extend its geographical presence beyond the country.

Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling service provider, has completed the construction of its Central Store facility at a total cost Dh18 million ($4.90 million) in Dubai’s Al Quoz Industrial area.

Ten per cent of manufacturers already have an established Internet of Things (IoT) project underway, while 22 per cent are either running a pilot or planning a project within the next 12 months, a report said.

UAE dairy firm Al Rawabi has been recognised as one of the greatest Asia and GCC brands. The accolade came at the recent summit of the Indo-UAE Summit and Awards 2015 in Dubai.

Free zones launch award THE Dubai Airport Freezone Authority (Dafza) and Dubai Silicon Oasis Authority (DSOA) have launched the “Reayah”award, an initiative honouring hosted companies that have shown remarkable dedication to protecting the rights of their workers and offering a secure, fair and motivational work environment.

Low oil prices will trigger a slide in the value of contracts awarded in the GCC to $140 billion this year from $165 billion in the previous year, Meed Projects forecasts.