Wednesday 13 December 2017

Saudi Arabia to spend $2.4bn on water infrastructure

The Saudi government plans to spend more than SR9 billion ($2.4 billion) in building infrastructure for key water projects in the Makkah region, said a report. The Saline Water Conversion Corporation (SWCC) has signed several contracts aimed at increasing water supply to some gov


Daar kicks off global expansion with $218m Dubai tower

Dar Al Arkan (Daar), the largest listed real estate developer in Saudi Arabia, has announced plans to expand to global markets, selecting Dubai as the launchpad for its international business, with a Dh800-million ($218 million) development on the Dubai Water Canal in the Business Bay area.


Gosh marks topping out of Zayed Research Centre

The Great Ormond Street Hospital (GOSH) has marked a crucial milestone in the construction of The Zayed Centre for Research into Rare Disease in Children, as a topping out ceremony was held to mark the moment when the building reached its highest point, said a report. The centre,


Majid Al Futtaim's Sharjah mall expansion 'on track'

Majid Al Futtaim, a leading shopping mall developer, retail and leisure pioneer in the Middle East and North Africa (Mena) region, said the Dh56-million ($15.2 million) expansion work at its Matajer Al Juraina community mall was progressing well and on track for completion early next year.


Russia, Egypt sign contracts for Dabaa nuke plant

Russia’s Rosatom State Atomic Energy Corporation and Egypt’s Ministry of Electricity and Renewable Energy have signed the notices to proceed with the contracts for the construction of the El Dabaa nuclear power plant (NPP).  The signing ceremony was held in the p


UAE approves $75m road development projects

The UAE government has approved Dh275 million ($75 million) worth of road development works in the country including a major project linking Lahbab Road and Nizwa Road and a 470-m-long tunnel linking a major road to Al Hail in Fujairah, said a report. The approval for these key i


Saudi UPS market set to grow at 4pc: study

Emerging IT/ITeS market, rising SME sector, growing data centre spending as well as booming tourism and hospitality sectors will drive Saudi Arabia’s UPS (uninterruptible power supply) market revenue to grow at a CAGR (compounded annual growth rate) of 4 per cent during 2017-23, a report


Cofely Besix FM wins Ducab deal

Cofely Besix Facility Management has won a contract from leading UAE-based cable manufacturer Ducab to provide hard mechanical, electrical and plumbing (MEP) facility management (FM) services. The three-year contract includes a comprehensive maintenance contract to provide MEP ha


Siemens inks $825m Libya power project contracts

Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (Gecol) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). The agreements were signed in Berlin, Germany, in the presence of Fayez Mustafa Al Sarraj,


$136m agreement signed to develop Port of Fujairah

Abu Dhabi Ports has signed a Dh500-million ($136 million) agreement to develop the infrastructure of the Port of Fujairah, including deepening of berths, and establishment of quays and storage areas to accommodate growth in cargo traffic. The agreement, which is supervised by the

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