Tuesday 5 December 2023

Work on Kuwait Airport T2 terminal 72pc completed

Steady progress is being made on the new passenger terminal building project (T2) coming up at Kuwait International Airport with the Phase One work nearly 73% completed and the Phase Two work standing at 68% completion,  reported Kuna citing civil aviation authorities.  


Ooredoo, Zain and TASC launch $2.2bn tower company

Leading regional telecom companies Ooredoo and Zain Group have signed definitive agreements with TASC Towers Holding to create the largest tower company in the Mena region in a cash and share deal.   According to the telcos, the enlarged tower compan


Aqua Properties set to launch $817m projects in Dubai

UAE-based Aqua Properties has announced plans to launch two groundbreaking projects worth AED3 billion ($816 million) in Dubai within the next six months.    Among the upcoming projects is a 50-storey luxury tower on Sheikh Zayed Road and a sprawling 300,00


Acwa, Taqa among shortlisted firms for key Kuwait utility projects

The Kuwait Authority for Partnership Projects (KAPP) has announced that consortiums of regional utility sector giants including Saudi-based Acwa Power and Abu Dhabi energy company Taqa have been shortlisted for its major independent water and power projects - Az-Zour North Phase II an


Roshn, Ajdan join hands for flagship Riyadh community project

Roshn Group, a leading national real estate developer and PIF-owned giga-project, has signed a new sales and purchase agreement with renowned Saudi real estate developer, Ajdan, for the second year in a row to develop residential units within Phase 2B of Roshn’s flagship Sedra community


Masdar City to break ground on region’s first net-zero mosque

Masdar City, an Abu Dhabi-based sustainability and innovation hub dedicated to making all cities a solution to climate change, has announced the region’s first net-zero energy mosque.   The groundbreaking of the mosque will be next year, with the completio


French construction firms unveil innovative products at Big 5

French companies specialising in the construction and building-finishing sector are showcasing their innovative products and services at the Big 5 Global event which opened on December 4 in Dubai.   The four-day construction expo, which coincides with


Saudi Arabia unveils $92bn investment plan for Expo 2030

Saudi Arabia is set to spend nearly $92 billion for its mega Expo 2030 event in Riyadh, which it aims to transform into one of the most sustainable cities through massive initiatives - such as the King Salman Park Initiative and Saudi Green Initiative (SGI) as well as decarbonisation of the u


Oman awards contract for $384m cultural complex building

Contract has been awarded for the main building of RO147.8 million ($383 million) Oman Cultural Complex, which will come up over a 400,000 sq m area in capital Muscat.    The project, which is being set up in the Madinat Al Irfan district, will be completed


TotalEnergies seals $1.4bn Kazakh wind power project deal

Global multi-energy company TotalEnergies has signed an agreement with Government of Kazakhstan to set up the country's largest ever wind energy project at an investment of $1.4 billion.    The Mirny project aims to build a 1 GW onshore wind farm of up

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