Saturday 29 August 2015
 
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JV

Hochtief unit wins $1.2bn rail contract in US

Hochtief subsidiary Flatiron has secured a $1.23 billion contract to construct a 60-plus mile portion of new high speed rail between Los Angeles and San Francisco as part of a joint venture team. The project will be the first high

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Saudi Butanol plant to start trial runs in third quarter

Saudi Butanol Company, a joint venture of local petrochemicals firms, is expected to start trial operations at its plant in Jubail in the third quarter of 2015, one of the shareholders said. "Construction of the plant is ongo

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Senaat, Japanese steel giants form UAE JV

Senaat, one of the largest industrial holding companies in the UAE, has entered into a joint venture with a consortium made of two of Japan’s leading companies in the steel sector to manufacture and sell large diameter high quality sour gr

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Khaled Juffali acquires overseas partner’s shares

A joint venture between Khaled Juffali Company and Etimaad Engineering has now transitioned to a 100 per cent Saudi-owned entity as Khaled Juffali Industrial Company (KJIC). Khaled Juffali has acquired all the shares of Etimaad, i

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Foster Wheeler-led JV wins Libya FEED deal

Global Engineering and Construction Group, a subsidiary of leading engineering conglomerate Foster Wheeler, in a joint venture with Taknia Libya Engineering Company, has won a front-end engineering design (FEED) contract from Nafusah Oil Opera

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Foster Wheeler-led JV wins Libya FEED deal

Global Engineering and Construction Group, a subsidiary of leading engineering conglomerate Foster Wheeler, in a joint venture with Taknia Libya Engineering Company, has won a front-end engineering design (FEED) contract from Nafusah Oil Opera

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Inegma, Orient Planet in PR joint venture

Dubai-based Institute for Near East and Gulf Military Analysis (Inegma), a strategy and security consultancy, research house, and leading conference organiser in defense, security, and risk industries has entered into a joint venture with Orie

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LED manufacturing facility to be set up in Qatar

Qatar Intermediate Industries Company (Alwaseeta) has signed a deal with Qatar Korea LED Consortium (QKLC) to set up a LED lighting systems manufacturing facility in the country, said a report. Under the joint venture agreement, A

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MAG plans $217m health city project in Dubai

Dubai-based MAG Group has signed a joint venture (JV) deal with Dubai Healthcare City to develop a one-million sq ft mixed-use project at an estimated cost of around Dh800 million ($217.7 million).   The development, which is

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Johnson Controls, Hitachi in AC venture

Johnson Controls, Hitachi and Hitachi Appliances (collectively referred to as Hitachi) have signed a non-binding global air conditioning joint venture. Under the deal, Johnson Controls will obtain a 60 per cent ownership in Hitach

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