Thursday 17 April 2014
 
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JV

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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Almurjan, Hani Al-Attas form hospitality JV

Almurjan Holding Company and Hani Al-Attas & Sons Holding Company have signed a SR500 million ($133.3 million) partnership deal to establish a new services company in the hotel, hospitality and catering sector. The joint ventu

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Kuwait pays $2.2bn in damages to Dow Chemicals

Dow Chemical Company has received $2.2 billion in damages from Kuwait's state chemicals company, bringing an end to a more than four-year dispute over a scrapped plastics joint venture.

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Kuwait pays $2.2bn in damages to Dow Chemicals

Dow Chemical Company has received $2.2 billion in damages from Kuwait's state chemicals company, bringing an end to a more than four-year dispute over a scrapped plastics joint venture.

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Samsung Engg wins Luberef deal

  South Korean group Samsung Engineering is to double the capacity of a Luberef oil lubricants refinery in Yanbu that is majority-owned by Saudi Aramco, two industry sources said on Monday.   Samsun

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Linde Group to invest $380m in Saudi plant

German Linde Group plans to invest around $380 million into a chemical complex being developed by Sadara Chemical Company, a JV between Saudi Aramco and The Dow Chemical Company, said a senior official. The Linde Group is a world-leading g

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French group Bouygues plans Qatar JV

Bouygues Construction, part of French conglomerate Bouygues, is to set up a joint-venture in Qatar, which is to host the 2022 soccer World Cup. 'We confirm the creation of a co-enterprise with a Qatari company,' the spokesman said

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Sony to sell LCD JV stake to Samsung for $940m

Sony has agreed to sell its nearly 50 per cent stake in an LCD joint venture with Samsung Electronics to the South Korean company for $940 million, as it struggles to reduce huge losses at its TV business. The seven-year-old venture cut it

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