Dubai Investments

Dubai Investments broke ground on a second float glass production line for Emirates Float Glass (EFG) at its facility in KEZAD, Abu Dhabi, with an investment of over AED600 million ($163.3 million). The line will introduce Ultra Clear Glass production, a first in the GCC, and is expected to be operational by late 2027 to early 2028.

Dubai Investments acquired an additional 50% stake in Emirates District Cooling (Emicool) from Union Properties for AED 500 million, giving it full ownership of the district cooling company.

Emirates Glass, a subsidiary of Dubai Investments, announced projects worth $27.2 million (AED100 million) awarded to the company across the UAE, Kuwait and Saudi Arabia, including glass products for the Ministries Complex in Kuwait, The Quran Park in Dubai, and other towers.

Dubai Investments is in initial talks to acquire Union Properties' 50% stake in Emirates District Cooling LLC (Emicool), a district cooling service provider. The value of the stake was not disclosed.