Ladun Investment Company has secured SAR2.39 billion ($637 million) contracts to carry out infrastructure development work at Al Qirawan and Al Narjis districts as well as the Namar real estate development - in the Saudi capital. They will be executed in consortium with Al Ayuni Investment and Contracting.
Ladun Investment Company, in consortium with Al Ayuni Investment and Contracting Company, has secured a major infrastructure development contract valued at SAR326.7 million ($87.08 million), according to a Saudi Stock Exchange (Tadawul) filing.
AD Ports Group has signed an agreement with Azerbaijan to explore strategic collaboration across ports, shipping and logistics in the energy-rich country. This comes as the UAE-Azerbaijan Comprehensive Economic Partnership Agreement (CEPA) officially entered into force this month.
Dubai’s Roads and Transport Authority (RTA) has awarded the contract for the development of Umm Suqeim Street, Al Wasl Road and Al Safa Street as part of its road infrastructure development works. The project scope includes construction of bridges and tunnels extending 11,000m long.
Perma-Pipe International, a global leader in pre-insulated piping and leak detection systems for oil and gas sector, has secured contracts for district heating and cooling projects in UAE and Saudi Arabia, thus strengthening its position in the region as demand rises for energy-efficient infrastructure.
SSH, one of the leading masterplanning, infrastructure and project management firms in the Middle East, has announced that it has secured the design and supervision contract for Expo Valley Views, the next chapter in Expo City Dubai’s sustainable living story.
United Gulf Construction Company, a multi-disciplinary contracting firm, has secured a key utility infrastructure project contract in Kuwait. The scope of work includes the construction and maintenance of a new water distribution complex in the Hawalli area, along with other associated works.
Iraq has approved the bidding process for a $4.6 billion oil pipeline linking Basra to Haditha, in a step aimed at strengthening its crude export infrastructure. The planned pipeline will stretch 685 km, transporting crude oil from southern Iraq to northern regions.
Leading masterdeveloper Nakheel has awarded an AED527 million ($143.4 million) contract to Al Nasr Contracting Company for primary infrastructure and utilities works on Island B at Dubai Islands. The scope includes roads and paving work, utility, telecom as well as drainage and sewage systems.
The Saudi city of Makkah is moving closer to a major transformation of its transport network, with plans for a new airport and metro system advancing as part of a major infrastructure upgrade, said a report. Feasibility studies and preliminary designs for the metro have already been completed.
