Kingdom Holding Company, the Saudi Arabian investment firm chaired by billionaire Prince Alwaleed bin Talal, said a group of French companies led by a state-backed investment fund have agreed to invest $150 million in the company.
Abu Dhabi-based oil and gas services contractor National Petroleum Construction Company and French group Technip have been jointly awarded a Dh3 billion ($817 million) contract to build offshore facilities at an oilfield in Abu Dhabi, so
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
Qatar's sovereign wealth fund may seek a supervisory board seat and strategic partnership with Lagardere, potentially deepening its ties with the French media-to-aerospace conglomerate in which it is the biggest shareholder.
Abu Dhabi-based Sorouh Real Estate has signed a 30-year residential lease agreement with Défense Conseil International (DCI) Group, a French government-related company, for its al rayyana development project in emirate.
Al rayyana is a pur
Dubai's Abraaj Capital acquired the North African private equity operations of French asset manager Amundi, it said on Sunday, aiming to beef up its presence in the fast-growing region.
Abraaj, the largest Middle East private equity f
French industrial gases group Air Liquide signed on Saturday a long-term agreement to supply nitrogen to state oil giant Saudi Aramco.
Under the 20-year deal, the French firm will supply at least 5 million standard cubic feet per day of ni
Socomec, a leading French independent industrial group, promote its industrial and commercial development in the Middle East at an upcoming electricity event in Dubai.
The 36th edition of Middle East Electricity is opening tomorrow (Februa
A consortium of French energy companies made a final bid on Wednesday night to sell at least two nuclear reactors to Abu Dhabi, the chief executive of state-owned EDF said on Thursday.
"We submitted the bid last night," Henri Proglio told
French conglomerate Bouygues has won a QR5 billion ($1.4 billion) construction contract in Qatar, as more international firms compete for deals in the Gulf Arab region, said a report.
Bougyues was selected for the contract by Qatar