Egypt hires German firm to bore Suez Canal tunnelsEgypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Un More… |
Aabar in JV with German tunnel makerAabar Investments said on Monday it had entered into a Dh25 million ($6.81 million) joint venture with a German tunneling manufacturer to develop business in the United Arab Emirates. Abu Dhabi-based Aabar will own 51 per cent of the compa More… |