Friday 25 July 2014

$30bn Jizan Economic City deal 'terminated'

Malaysian construction firm MMC Corp said the Saudi government had terminated the rights of its joint venture with Saudi Binladin Group to develop the $30 billion Jizan Economic City in Saudi Arabia. "The termination was as a


Medcare opens new centre in Dubai

Medcare, a UAE-based private healthcare organisation, has extended its services with the establishment of a new major multi-speciality clinic in Dubai. Located on The Walk, Jumeirah Beach Residence, Medcare Medical Centre (MMC) will cater


MMC wins $600m Saudi port deal

Malaysian infrastructure and energy group MMC Corp has won the right to jointly develop and operate a terminal at Jeddah Port. The deal is worth about 2 billion ringgit ($598.8 million), MMC said on Monday. Under the plan, MMC's in


Binladin, MMC plan IPO for Jizan Economic City

Saudi Arabia's Binladin Group and Malaysia's MMC Corp plan to sell 30 percent of a jointly owned developer to the public next year to help finance a $30 billion Saudi city, an executive said on Sunday. The sale, initially planned for 2007,


MMC inks $4.7bn port deal with Dubai

Malaysian infrastructure and energy group Malaysia Mining Corp (MMC) signed a maritime and property pact worth 16 billion ringgit ($4.7 billion) with an investment unit of the Dubai government, MMC said. Under the pact, MMC and Dubai World

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