ALEC Wins $1.7B Contract for Sphere Abu Dhabi

DCT Abu Dhabi awards US$1.7 billion construction contract to ALEC for Sphere Abu Dhabi

Publicly listed UAE contractor ALEC Engineering and Contracting will deliver globally iconic immersive entertainment venue with construction set for completion by 2029

Abu Dhabi, United Arab Emirates – 23 May 2026 – ALEC Engineering and Contracting (ALEC) has received a Letter of Award (LOA) from the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) to build Sphere Abu Dhabi. According to the LOA, valued at US$1.7billion, this will represent a significant expansion of ALEC’s portfolio in transformational infrastructure and reinforce the company’s position as the preferred delivery partner for Abu Dhabi’s most prestigious asset-building initiatives.

The original Sphere in Las Vegas has been reported by the Wall Street Journal as being the highest-grossing arena in the world, drawing US$379million on 1.7 million tickets sold last year. Sphere Abu Dhabi is being positioned to serve as a comparable global destination, unlocking substantial tourism revenue and helping to increase international visitation while positioning Abu Dhabi as a global centre for next-generation immersive entertainment experiences.

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Grand Inauguration of Ain Gold & Diamonds LLC. in Dubai Gold District

Ain Gold & Diamonds LLC. officially inaugurated its new branch on 22 May 2026 at the prestigious Dubai Gold District, near the Gold Souq Metro Station. Very famous philanthropist & businessman from UAE,
The new showroom is located at:
Ain Gold & Diamonds LLC.
Shop 4, Shamma 3, Dubai Gold District, Near Gold Souq Metro Station, Dubai, UAE.

The new venture is an associate initiative of Ain Gold Wallet, a platform that has already created a strong impact in the gold saving sector through its innovative and customer-friendly approach. The platform allows customers to start saving in gold from as little as 1 Dirham onwards, making gold saving accessible to a wider community.

Designed with a modern customer experience in mind, the new showroom offers a wide collection of quality gold jewellery, saving products, and personalized customer services aimed at meeting the evolving preferences of both residents and international visitors in Dubai’s thriving gold market.

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