Sunday 5 July 2015

Construction equipment market to hit $241bn by 2020

The global construction equipment market is expected to reach $240.97 billion over the next five years with a CAGR  (compound annual growth rate) of 8.9 per cent, said a report. The construction equipment market includes heavy machinery such as loaders, cranes, forklifts, ex


Drydocks World completes world’s largest turret

Drydocks World, a leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors, marked a major milestone with the successful completion of the world’s largest turret mooring system. At almost 100 meters high, weighing over 11,000 tonne and


Qatar Rail gets certification for HSE standards

Qatar Railways Company, the firm which is overseeing the construction of the country’s integrated railway network, has been awarded a key ISO certification for occupational health and safety management systems. The OHSAS 18001:2007 was given following management systems aud


Iran steelmakers request import duty hikes

Iranian steelmakers have asked the government to raise import duties for certain steels by up to 40 per cent as protectionism in the global steel sector gathers pace amid a flood of cheap sales mostly from top producer China. China steel exports have risen nearly 30 per cent this


Modon to build logistics centre in Saudi Arabia

The Saudi Industrial Property Authority (Modon) has signed a deal with the International Dar Al Bandar Company, to build an integrated 150,000 sq m warehouse centre at the Sudair City for Industry and Business, according to a report. The International Dar Al Bandar Company has th


Stricter laws to open up waste management market

Opportunities in the Asia-Pacific hazardous waste management market vary across the region as many countries continue to send most of their locally produced hazardous waste to non-sanitary landfills. While the challenge is vast, the market provides ample opportunities for market


Pearl Route homes in Bahrain may be revamped

Homes in historic neighbourhoods in Muharraq, Bahrain could finally be redeveloped as part of a multi-million dinar heritage scheme. They are located on the Pearl Route, which has been granted World Heritage Site status by the United Nations (UN), said a report in the Gulf Da


ME property market among world’s fastest growing

Middle East real estate market revenues have augmented at a compounded annual growth rate (CAGR) of 4.7 per cent between 2009 and 2014, making it one of the fastest growing sectors across the world, a report said. Foreign real estate developers have infused billions of dollars in


Aster DM to help rebuild 500 houses in Nepal

Aster DM Foundation, the charitable arm of Aster DM healthcare, has donated Dh1.4 million ($381,077) to the Nepal Prime Minister’s relief fund to rebuild 500 houses in earthquake-stricken villages. It includes 23 homes of Aster employees that were destroyed by the tragedy,


Electro Scan’s sewer leak detection van to help US firm

San Francisco Public Utilities Commission has placed an order for a sewer leak detection van to help locate and measure defects that allow infiltration into its wastewater collection system, said Electro Scan, a leading electronics manufacturer. The commission is a leader is usin

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