Sunday 24 September 2017
 
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L&T wins $264m Kuwait pipeline contract

The Hydrocarbon Division of Larsen & Toubro (L&T), an Indian multinational, has won a major pipeline contract with a value close to ₹ 1700 crore ($264.41 million) from Kuwait Oil Company (KOC), said a statement from the company. The contract covers the engineering, procurement

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Work starts on Dubai's iconic One Za’abeel tower

UAE-based Al Jaber Engineering and Contracting (Alec) recently completed the early works  including site excavation, preparatory works, shoring and piling on the site of One Za’abeel, a 36-storey mixed-use project from Investment Corporation of Dubai (ICD), and has now begun construc

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GE wins 50MW Egypt solar plant contract

Technology giant GE has been awarded a contract by the Egyptian government to build a 50MW solar power plant in the country. It is GE’s first full turnkey contract to build a solar power plant. As per the agreement, GE will provide 4.4-MW solar skids featuring GE’s LV

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NBC sells 60pc of Dubai Motor City Phase III units

National Bonds Corporation, a leading investment company in the UAE, said its real estate subsidiary, National Properties, has sold 60 per cent of the third phase of Motor City Green Community project coming up in Dubai, within three days of its launch. Green Community Phase III

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Egypt, Singapore firm in deal to set up new industrial city

Egypt's Industrial Development Authority (IDA) and the Singapore Holding Company (SECC) have signed a memorandum of understanding (MoU) to establish an integrated industrial city in Fayoum governorate on an area of 33 million sq m. The MoU signing was witnessed by Egypt's

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DXB Entertainments gets $67m shareholder loan

DXB Entertainments, a major provider of leisure and entertainment experiences and owner of Dubai Parks and Resorts, said it has reached an agreement with its majority shareholder, Meraas,  a leading UAE developer, for a subordinated loan of Dh245 million ($67 million). The a

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KAEC, Nesma sign deal to develop Industrial Valley

Saudi Arabia's King Abdullah Economic City (KAEC) has signed an agreement worth more than SR80 million ($21 million) with Nesma Water & Energy to develop the third phase-C of the Industrial Valley (IV). The third phase-C of the IV comprises 1.2 million sq m.

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ECC signs up Instinctif Partners as media partner

Engineering Contracting Company (ECC), one of the leading contracting companies in the region, has appointed Instinctif Partners as its new business communications agency for the Middle East region. The appointment will see Instinctif Partners roll-out an integrated communication

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UAE's Visionscape acquires Belgian group's assets

Visionscape, a UAE-based environmental utility group providing turnkey solutions in areas of sanitation, energy and wastewater treatment, said it has completed the purchase of the business and assets of Belgian recycling plant leader Soreplastic. This transaction will enable Visi

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Euro Auctions in debut Dubai sale success

Euro Auctions, the leading international auctioneers of construction machinery and agricultural equipment, recently held its first ever sale at the company's new permanent site in Dubai, UAE, where bidders packed into the impressive sales arena, confirming Euro Auctions’ successful ar

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