Friday 5 March 2021

Saudi's King Salman Energy Park seals key tenancy agreements

King Salman Energy Park (Spark), the region’s only fully integrated energy hub, today (March 4)  signed tenancy agreement with Saudi Arabia's Industrialisation and Energy Services Company (Taqa), thus making it an anchor tenant, along with Amco, a leading manufacturer in the oi


Doosan Infracore to unveil new construction, quarrying solution

Leading building equipment maker Doosan Infracore is set to introduce its quarrying, mining and construction solution, XiteCloud at the upcoming Hillhead Digital event in UK.    XiteCloud is the first step towards the commercialisation of Concept-X, the com


Merex, Gargash to open first AMG store at Dubai lifestyle hub

Merex Investment, a joint venture between Dubai Holding and Brookfield Asset Management, has signed an agreement with leading UAE business conglomerate Gargash Group, for setting up its key facilities at City Walk, a leading lifestyle destination in the heart of Dubai.  


Azizi's 634-unit Dubai residential tower set for Q2 handover

UAE-based Azizi Developments has announced that nearly 58 per cent of the work had been completed on its 634-unit residential project, Creek Views I, located in Dubai Healthcare City.   A 19-storey development, Creek Views I comprises 396 studios, 218 one- and 2


Schneider Electric announces major GCC appointment

Schneider Electric, a leader in digital transformation of energy management and automation, has appointed Manuel Alzugaray Rodrigues as the vice president for its Secure Power division in the Gulf region.    Rodrigues, who has over 16 years’ experienc


Saudi Entertainment Ventures awards leisure complex work

Saudi Real Estate Infrastructure Company (Binyah), a company owned by Saudi Real Estate Company (Al Akaria), has secured a preparatory work contract for the Entertainment Complex project, located near the Saudi capital.   The contract worth SR104.6 million ($28


TRSDC awards smart wearable tech supply deal to MachinesTalk

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project in Saudi Arabia, said it has awarded a contract to leading national IoT service provider, MachinesTalk, for the provision of smart wearable technology and wireless taggi


Empower's district cooling building numbers up 6pc in 2020

Empower said its diversified portfolio covers all the major sectors in Dubai, with the residential sector maintaining the top position in the list of company's clients by 64%, followed by the commercial sector with 15%.    The hospitality se


Pinsent Masons advises Speedy Hire on sale to Adnoc

Pinsent Masons has advised Speedy Hire/Speedy International Asset Services Equipment Rental on the sale of its UAE equipment fleet, stock and other fixed assets to Adnoc for a cash consideration of $18 million.   The deal also included Speedy entering into a tra


Total, Zahid form solar energy JV in Saudi Arabia

Jeddah-headquartered Zahid Group, represented by Altaaqa Alternative Solutions, and the French energy company Total have announced the establishment of a joint venture named Safeer – Saudi French for Energy Efficiency and Renewables. Safeer´s mission is to bring affor

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