Tuesday 24 January 2017

GE wins $1.4bn power plant contracts in Iraq

General Electric (GE) has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The announcement further strengthens GE’s collaborations in Iraq to support t


McDermott wins Saudi Aramco EPCI contract

McDermott International said it was secured a major contract from Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) services to four jackets and three gas observation platforms offshore Saudi Arabia. Work on the contract is expected to be exec


Masdar to build waste-to-energy plant in Sharjah

Abu Dhabi’s renewable energy company Masdar said it plans to build a cutting-edge waste-to-energy plant in Sharjah, UAE, in partnership with Bee’ah, a leading environmental management company in the Middle East. Announcing this today at Abu Dhabi Sustainability Week 2


Sico, Trucial in US property fund partnership

Bahrain’s Securities & Investment Company (Sico) has entered into a strategic partnership with Dubai-based Trucial Investment Partners, an asset management and advisory to manage a US real estate fund. The partnership was signed by Sico chief executive Najla Al Shirawi


Nakheel invests $41m in building cycle tracks in Dubai

Dubai-based master developer Nakheel is investing Dh150 million ($40.8 million) in bringing 105 km of bicycle tracks to its communities across the UAE emirate, with all routes linked to the government’s Cycling Masterplan. Safe, scenic bike routes are being created to encou


Gulf Mining plans big industry investment

Oman-based Gulf Mining Group plans to invest in a substantive portfolio of mining-related ventures including a potash mine over the 2017-2018 timeframe, a report said. Planned initiatives include investments in a new calcium carbonate project in Sohar, a ferro-manganese smelter i


Tabreed acquires key district cooling plant in UAE

UAE-based National Central Cooling Company (Tabreed) said it has acquired a district cooling plant from International Capital Trading (ICT) resulting in the addition of more than 11,500 refrigeration tons (RT) of cooling to its existing connected capacity. With this acquisition,


KAEC to handover key residential plots

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast, will start handing over the single family residential land plots in Phase Three of the Al Talah Gardens district following completion of the infrastructure work at the development. Th


Mercedes-Benz launches special edition of Actros truck

Mercedes-Benz Trucks Mena, together with Emirates Motor Company (EMC), its authorised distributor in Abu Dhabi, recently launched a special edition Actros truck in celebration of the model’s 20th anniversary. The media launch event at Endurance City included a live demonstr


Aramco launches Saudi Arabia’s first wind turbine

State-run Saudi Aramco has commissioned the kingdom’s first wind energy turbine, developed in partnership with GE aiming to support the renewable goals of Saudi Vision 2030. The project will power Saudi Aramco’s facility in Turaif in northwestern Saudi Arabia, providi

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