Sunday 7 February 2016
 
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Construction

Indonesian construction firm Wika enters Saudi market

Indonesian construction company Wijaya Karya (Wika) has signed a strategic partnership agreement with Jeddah-based construction firm Adil Makkah Contracting Corporation to launch its operations in Saudi Arabia, said a report. As p

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Arcadis names new ME chief executive

Arcadis, a leading global design and consultancy firm for natural and built assets, said it has appointed Graham Reid, currently the company’s global design director, as the new chief executive for the Middle East region. Re

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Ssangyong JV wins $1.6bn Dubai construction projects

Korean builder Ssangyong has won three big projects in Dubai, UAE, worth $1.6 billion by forming a three-way joint venture with European contractor Besix and China State Construction Engineering Corporation, said a report. The con

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Saudi contractors' advance payments cut

Saudi Arabia's finance ministry has cut advance payments to firms doing construction work for the government to five per cent of the contract value from 20 per cent, a newspaper reported on Wednesday in a fresh sign of a clampdown on state s

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Qatar to fund Ingushetia mosque construction

Qatar government has reaffirmed his plans to finance the construction of a cathedral mosque and an Islamic university in Ingushetia, a republic in Russia's North Caucasus region, said a report. The Qatari Emir Tamim bin Hamad

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Dubai to open key interchange in April

Dubai’s Roads and Transport Authority (RTA) said about 65 per cent of the construction work at Wafi Interchange had been completed and the project was set for opening by the end of April. The Dh88-million ($24 million) proje

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Arab states import $226m machinery from Brazil

Arab countries imported $226.31 million worth of machinery last year from Brazil, compared to $211.43 million in 2014, registering a seven per cent growth, according to recent statistics.   The Arab-Brazilian Cha

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Arab states import $226m machinery from Brazil

Arab countries imported $226.31 million worth of machinery last year from Brazil, compared to $211.43 million in 2014, registering a seven per cent growth, according to recent statistics.   The Arab-Brazilian Cha

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Ma'aden unit to borrow $1bn from state fund

A subsidiary of Saudi Arabian Mining Co (Ma'aden) will borrow SR4 billion ($1.07 billion) in construction loans from a state-backed agency, the parent firm said on Thursday.   Ma'aden, the Gulf's larg

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Al Khodari gets $36m loan from major shareholder

Saudi Arabia construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Thursday that it has borrowed a SR135 million  ($36 million) interest-free Islamic loan from its major shareholder. The loan from Abdullah Al-Kh

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