Tuesday 1 December 2020

Orascom-Mitsubishi consortium wins $800m Cairo metro contract

Egypt-based Orascom Construction said its consortium with Mitsubishi Corporation has secured a major contract from the National Authority for Tunnels (NAT) to execute the railway systems, track and depot works package for the first phase of Cairo Metro Line 4.  


Bahrain to complete $12m people-friendly projects by 2022

Bahraini authorities said public projects worth BD4.7 million ($12.3 million) will be completed in the Capital Governorate by 2022. These people-friendly projects include development of walkways, market, gardens, parks and a stadium in addition to beautification and setting up of more green are


Sharjah's Al Dhaid development projects set for 2021 completion

Work is currently under way on several development projects in the Central Region of Sharjah including the Dhaid Market, being built at an investment of Dh100-million ($27.2 million) in an area located between Al Jameh Square and Al Bardi Square.   The Central R


Saudi home mortgage loans hit $29bn in 10 months

Residential new mortgage loans in Saudi Arabia for individuals reached 234,466 contracts with a value of SR109.2 billion ($29 billion), until October 2020, exceeding all mortgages provided by all financing institutions in 2019 and 2018. Until October 2020, according to the monthl


Arabtec says to go ahead with its liquidation plan

Leading Dubai-based contractor Arabtec Holding said it will go ahead with its plans to file application for insolvent liquidation in the competent courts 'at the earliest opportunity' due to its untenable financial position following the fallout from the coronavirus pandemic.


Elsewedy Electric wins Egypt power network upgrade contract

Elsewedy Electric, a leading wires and cables and integrated energy solution provider in the region, said its consortium with Japan's Toyota Tsusho has secured an EPC contract worth E£1.46 billion ($93 million) for upgradation of the electricity distribution network in North Cairo r


Breakbulk Middle East to put spotlight on women achievers

 Breakbulk Middle East, a leading industry event for breakbulk and project cargo sector, will be hosted by DP World, the UAE region’s leading trade enabler, from February 9 to 19 in Dubai.    A major highlight at the expo will be the two-day Wome


PAN Emirates Home Furnishings opens new store in Abu Dhabi

PAN Emirates Home Furnishings, the leading home-grown indoor, patio and outdoor furniture brand in the region, has opened its newest store at Capital Mall located in Mohammed Bin Zayed City, Abu Dhabi.    Spanning across 4200 sq m in Capital Mall, the new s


Bahrain's Mall of Dilmunia announces new tenant deals

Bahrain-based Dilmunia Mall Development Company said it has achieved a key milestone at its retail destination, Mall of Dilmunia, securing several new tenants from leading brands, in addition to existing tenants swiftly commencing store fit-outs of their spaces.  


TechnipFMC to kick off work on new Egypt hydrocracking unit

TechnipFMC, a global leader in subsea, onshore/offshore projects, has successfully completed the remaining conditions required to kick off the engineering, procurement, and construction (EPC) work  on the new hydrocracking complex for the Assiut refinery in Egypt.

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