Tuesday 25 April 2017

Kone lands big Saudi supply contract

Kone Corporation, a global leader in the elevator and escalator industry, has won an order to supply 153 elevators for eight different projects commissioned by Alargan Projects in Saudi Arabia. Saudi-based Alargan Projects is a specialist in the development of fully integrated re


Metsec strengthens Mideast presence with Dubai office

Voestalpine Metsec, the UK´s largest specialist cold roll-forming company providing products for the construction and manufacturing industries, has opened an office in Dubai, UAE, as part of its expansion programme in the Middle East. Having worked in the GCC region for mor


Top firms eye $1.6bn Saudi-Egypt power project

Global technology giants including Alstom, ABB and Siemens are in the race for a $1.6-billion electricity interconnection project being jointly developed by Saudi Arabia and Egypt, said a report. The two neighbouring countries are set to finalise tenders for transformers and


Work set to start on Liwa project package 3

Oman Oil Refineries and Petroleum Company (Orpic) will celebrate the ground-breaking of Package Three of its Liwa Plastics Industries Complex (LPIC) Project on April 27. The event, which will take place in the Wilayate of Ibri, Fahud, will be held under the patronage of Sultan bi


Oman set to launch major tourism complex in Barka

Oman's Ministry of Tourism is set to sign an agreement with Palm’s Beach Company to develop the RO265-million ($688.22 million) Al Nakheel Integrated Tourism Complex (ITC) in the Governorate of South Al Batinah. The project, overlooking the Sea of Oman, in Barka will st


Orascom begins production at US greenfield plant

Orascom Construction, a leading global engineering and construction contractor,  said it has started production and sales at Iowa Fertilizer Company (IFCo), the first world-scale greenfield nitrogen fertiliser plant to be built in the US in more than 25 years. The plant has


Abu Dhabi to build slipways, community market

Abu Dhabi City Municipality has signed two agreements with Emak Investment Group for the construction of two slipways for boats at Al Bahya and Al Sadr areas of the emirate, said a report. A third agreement was signed with Corner Stone Property Management for building a community


Bin Faqeeh Real Estate joins TLN Qatar

Bahrain-based Bin Faqeeh Real Estate Investment Company, a major group focusing on real-estate-related investments, has joined The Luxury Network (TLN), a private membership club, in Qatar. TLN network has been established in luxury capitals or countries around the world, within


Sodic's Q1 net contracted sales up 64pc

Sodic, one of the region’s leading real estate development companies, has started the year in a big way closing the first quarter with E£1.2 billion ($78 million) net contracted sales booked.   The company's net contracted sales grew by a solid 64 per cent du


Dilmunia to build $137m family-centric mall in Bahrain

Bahrain-based Dilmunia Mall Development Company is set to develop a unique family-centric mall concept over a 26,754 sq m area in the heart of Dilmunia Island, within the Muharraq Governorate, at an estimated cost of BD52 million ($137 million). A first-of-its-kind retail destina

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