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$1.3bn infrastructure investment firm set up in SaudiSaudi-based Abdulaziz Alsaghyir Holding Company has entered into a partnership with Abdul Mohsen Al Hokair Trading Group to set up a SR5 billion ($1.33 billion) company which aims to invest in infrastructure projects and services across the king More… |
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Qatar infrastructure spend to hit $24bn in 2014Qatar will witness a significant rise in project activity this year with contract awards for big infrastructure projects likely to hit $24 billion, said an expert ahead of an industry event in Doha. The Qatar’s projects mark More… |
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Arabtec to set up five new subsidiariesDubai-based builder Arabtec Holding , in which Abu Dhabi state fund Aabar owns a major stake, said on Sunday it would set up five new subsidiaries as it expands into new markets and infrastructure projects. The move follows Arabte More… |
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Qatar to spend up to $205bn on infrastructureQatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018, the acting head of project finance at the state's largest lender said, as the country invests its vast hydrocarbon wealth in a development boom. More… |
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Summit to probe project-infrastructure finance issuesPublic and private sector leaders from across the region will gather today in Bahrain for the 'Meed Project and Infrastructure Finance Conference'. Sponsored by the Finance Ministry and the Economic Development Board (EDB) More… |
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Kuwait fund to focus on infrastructure in WestKuwait's sovereign wealth fund, one of the world's largest, will focus on increasing its infrastructure investments in British, US and European markets and is also looking at the international real estate sector, its managing director sa More… |
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$171m spent on infrastructure projects in BahrainAround BD66 million ($171.7 million) was spent in Bahrain on 71 infrastructure projects last year, it was revealed yesterday. Seventy-seven projects worth around BD116 million were also put out to tender, said a report in the Gulf More… |
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GCC projects to spearhead Mena growth in 2014With an estimated real GDP growth of 3.7 per cent in 2013, GCC will continue to drive the Mena economy, mainly through heavy spending on infrastructure, said a report. In the GCC, investment in major infrastructure programs will c More… |
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Qatar announces massive bridges projectQatar announced one of the county's largest infrastructure projects on Monday, comprising three bridges interconnected by subsea tunnels, to be completed before the soccer World Cup finals in 2022. The Sharq crossing project w More… |
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Dubai will need to spend $43bn: reportWith Dubai winning the World Expo 2020 bid, the emirate will need approximately $43 billion to significantly upgrade its infrastructure according to a research report by Deutsche Bank. This spending, estimated to be equivalent to More… |
