Oman's Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics, oil refining and polymer processing at its Al Suwaiq Industrial City.
Saudi Energy (formerly Saudi Electricity Company) has invited bids from leading utility developers and energy project specialists for setting up 380kV substations and associated overhead transmission lines (OHTL) related to upcoming Renewable Energy Projects across Saudi Arabia.
The Royal Commission for Riyadh City (RCRC) has started work on two new Riyadh Metro stations within King Saud University, marking a key milestone on the Red Line extension project. The extension runs from King Saud University to the Diriyah Gate Development Project covering five new stations.
A drone strike has forced the temporary closure of the Ras Tanura Refinery, one of the world’s largest oil processing facilities in Saudi Arabia, dealing a fresh blow to global energy markets already on edge over escalating regional tensions.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter at a single site, has entered into an agreement with a fund managed by American Industrial Partners (AIP), to acquire 100% of Aluminium Dunkerque, the European Union’s largest primary aluminium smelter.
Marsa LNG, a joint venture between TotalEnergies and Omani group OQ, said it had achieved a major construction milestone at its $1.6 billion LNG bunkering hub at Sohar Port with the installation of the roof of a major storage tank in what it called a significant step forward for the project.
Acwa, the world’s largest private water desalination company, has appointed Dr. Samir J. Serhan as its new Chief Executive Officer. An industry veteran, he brings more than three decades of global leadership experience across large-scale industrial and infrastructure organisations to the new role.
Hassan Allam Construction has secured a key water transmission network contract from Oman Water & Wastewater Services Company in Al Sharqiyah North Governorate. The scope of work includes laying of 76 km of transmission lines, nearly 600 km of distribution networks and seven high-capacity reservoirs.
The ongoing Middle East conflict involving US, Israel and Iran has impacted several major landmarks in the region including Burj Al Arab, Palm Jumeirah, Dubai International Airport, Jebel Ali Port in UAE as well as Crowne Plaza, a premium five-star hotel in Bahrain.
Oman, which was spared retaliation on Saturday, today reported its Duqm commercial port was targeted by two drones, wounding one worker.
