Wison’s $4.04B Middle East Energy Breakthrough

A Landmark Contract

Wison Engineering has secured a US$3.9 billion EPC contract from ADNOC Gas for RGD Phase 2 in Habshan, plus a 220KV switch station. Together, the award reaches approximately US$4.04 billion, marking Wison’s largest EPC contract ever.

Moreover, the project highlights Wison’s growing Middle East presence and trusted engineering expertise. It also strengthens its ability to deliver complex energy infrastructure for major international clients.

Powering Future Growth

Located in Abu Dhabi, the project includes pipelines, separation units, condensate stabilization, acid gas removal, and deep NGL recovery facilities. Consequently, it will expand natural gas processing capacity and support the UAE’s downstream industries.

Meanwhile, Wison will combine local operations with global supply-chain strength. Ultimately, this landmark project reinforces its position as a leading energy engineering provider and supports ADNOC Gas’ 2030 growth ambitions.

Coinbase’s Abu Dhabi Leap: Banking Goes Onchain

A New Financial Frontier

ABU DHABI, UAE — Coinbase has received a Financial Services Permission (FSP) from the FSRA to establish its international tokenization hub in ADGM, Abu Dhabi’s international financial centre.

This milestone clears Coinbase to arrange investment deals and provide custody for tokenized securities. Moreover, these assets remain fully backed by underlying shares under FSRA supervision, giving token holders shareholder rights, including dividends and voting.

Opening Capital Markets

Importantly, investors can participate with a wallet instead of a brokerage account or correspondent banking relationship. Meanwhile, ongoing sanctions screening helps protect regulatory integrity while supporting blockchain innovation.

Coinbase says the UAE can become home to the next generation of financial infrastructure. Consequently, its Abu Dhabi and Dubai investments position the company to expand tokenized securities, onchain capital markets, and derivatives globally.

Smart Shelves, Smarter Future: Alsaif Gallery’s AI Leap

Building a Smarter Foundation

Tencent Cloud, the cloud business of global technology company Tencent, is collaborating with Alsaif Gallery to advance enterprise AI transformation. Using local cloud infrastructure and AI capabilities in Saudi Arabia, the retailer deployed a self-developed enterprise AI agent platform.

Moreover, Tencent Cloud helps Alsaif Gallery improve efficiency, decision-making, and customer experiences while supporting data localization and compliance requirements.

AI That Works Across Business

The AI agent supports internal operations and customer-facing services across Alsaif Gallery’s omnichannel business. As a result, employees can work smarter while customers receive more personalized experiences.

Meanwhile, Tencent Cloud continues expanding its local cloud and AI capabilities, supporting Saudi Arabia’s digital economy and Vision 2030 goals. Together, the companies are turning AI into practical business value.