Monday 30 January 2023

Difficult year ahead for cement industry as energy costs soar

Leading global experts and the cement industry captains have predicted a difficult year ahead due to a number of critical issues that may result in cement producers being gradually pressured to hike cement prices.    This was echoed at the sixth general ass


Saudi Arabia issues RFQs for Jubail 4 & 6 desalination project

Saudi Water Partnership Company (SWPC) has issued requests for qualification (RFQs) to a total of 35 companies for the Jubail 4 & 6 Independent Water Project with a total capacity of 600,000 cu m per day.   The scope of work includes the finance, development


Dewa commissioned 17 substations in 2022, says report

Dubai Electricity and Water Authority (Dewa) had last year inaugurated 17 new substations including fifteen 132kV stations with a conversion capacity of 2,280 MVA and two 400kV stations with a conversion capacity of 4,000 MVA, in Al Qusais Industrial Area 5 and Jebel Ali First. &


Bahrain real estate posts solid growth in 2022, deal value up 4pc

Bahrain’s real estate sector recorded solid growth in 2022, in a major boost to its post-pandemic recovery. Real estate transactions surged to BD1.08 billion ($2.85 billion) in Q4 last year, up 3.9% over BD1.04 billion ($2.74 billion) the year before, reported the Gulf Daily News


UAE’s real estate sector to remain resilient in 2023, says report

Despite macroeconomic volatilities impacting the global real estate landscape, the UAE has witnessed strong momentum in the last quarter of 2022, signaling a steady growth pipeline in 2023, according to real estate expert JLL.    In the same context, JLL&rs


Bahrain's mega East Sitra Town project on track

Work is moving at a steady pace on Phase One of the multi-million-dollar East Sitra Town project, which will see a four-lane highway being built on both directions, reported BNA, citing a senior minister.    As part of the project, a 50-m-w


Azizi completes over 50pc work on Park Avenue I project

UAE-based Azizi Developments has announced that 58% of the work has been completed on its premium off-plan project Park Avenue I located within the MBR City in Dubai.   The project comprises 372 residential and 29 retail units across three buildings, each of whi


Danube unveils $381m property at Jumeirah Lakes Towers

UAE-based Danube Properties has launched its largest real estate project, Viewz, a set of twin high-rise towers featuring  apartments and sky villas, in partnership with Jumeirah Lakes Towers’ (JLT) master developer, DMCC, in Dubai.    Announcing


Maaden, OffWorld team up for autonomous industrial mining

Saudi Arabian Mining Company (Ma'aden) has signed an agreement with OffWorld, a global pioneer in Artificial Intelligence (AI)-powered industrial swarm robotic mining systems, to further explore the potential of utilizing smart robots in Ma’aden’s mines.  


Global utility developers eyeing key Bahrain power project

Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from four global utility project developers for the transformer and reactor works the construction of a 400kV grid substation in the kingdom's Jasra region.    T

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