Egypt's Orascom Construction Industries (OCI) said on Tuesday it had agreed to sell its 16.8 per cent stake in US grains merchant Gavilon to Japanese trading house Marubeni for $605 million.
'The transaction is expected to close by
A consortium of Abu Dhabi National Energy Company, Japan's Marubeni and South Korea's SK E&S Co is the lowest bidder for the estimated $1.3 billion Hassyan 1 independent power project (IPP), a Taqa spokesman said on Monday.
Oman has signed a contract with Qatar's QEWM, Japan's Marubeni and Chubu Electric Power to build a 2,000-megawatt (MW) power plant on the eastern tip of the Arabian Peninsula, Oman's state news agency said.
The gas fired power plant n
Japan-based Marubeni Corp has won a contract to build Oman’s biggest green-field power project, the Independent Power Project (IPP) at Sur.
Oman hopes the 2,000 megawatt plant will help meet the soaring demand for energy, alongside the Mai
French utility GDF Suez is in talks to sell at least 20 percent of its stake in an Abu Dhabi water and power project to Japan's Marubeni Corp, a senior company official told Reuters on Tuesday.
"We are talking with Marubeni," Shankar Krish
Abu Dhabi National Energy Company (Taqa), a global energy company, has closed its $320 million acquisition of a 50 per cent equity stake in the existing Caribbean portfolio of Marubeni Corporation.
Commenting on the closing of the t
Abu Dhabi National Energy Company (Taqa), a global energy company, today announced the purchase of a 50 per cent equity stake in the existing Caribbean portfolio of Marubeni Corporation (Marubeni), Japan’s largest trading company.
Marubeni Corporation, the contractor for Palm Jumeirah Monorail, has commissioned Adventure Digital, a Dubai-based company specialising in digital signage solutions and digital printing, to install digital signages at the Palm Jumeirah Monorail st
Veolia Water said it has been selected to run the operations and maintenance part of a Reverse 0smosis (RO) desalination plant in Qidfa, Fujairah in the UAE.
The plant will produce 136,500 cubic metres per day of desalinated water.
Marubeni has agreed to buy a stake in a power company in the UAE for $140 million, the seller said, the Japanese trading house's second acquisition in a UAE utility.
Marubeni will buy 40 per cent of Emirates CMS Power, which operates the T