Friday 28 July 2017

Sadara brings Saudi Arabia’s first polyols plant on-stream

Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up the kingdom’s first polyols plant.    This manufacturing facility produces specialty chemicals that go into the production of poly


Foundation stone laid for Salalah Grand Mall

The foundation stone for the new Salalah Grand Mall project in Salalah city was laid this week as part of Oman's Renaissance Day celebrations. The project is being developed by Oman's Ministry of Defence Pension Fund and Al Madina Real Estate Company. The event w


Kahramaa completes key substation for Qatar Rail

Qatar General Electricity & Water Corporation (Kahramaa) has announced the completion of the first electricity substation that serves the Qatar Rail Company in Ras Abu Fontas area. The plant will provide the Doha Metro project with electricity. Kahramaa, in col


Petrofac wins $100m new contracts in Iraq

Petrofac, a leading provider of oilfield services, has secured a contract extension and a new award with a combined value of more than $100 million for construction management, engineering, commissioning and start-up services for two international oil companies (IOCs) in Iraq. Th


New Saudi city to have 995,000 housing units

Saudi Arabia's new Al-Faisaliah city project is expected to provide 995,000 housing units and accommodate 6.5 million people by 2050, reports said. Prince Khalid Al Faisal bin Abdulaziz, advisor to the Custodian of the Two Holy Mosques and governor of Makkah Region, yesterday


Union Properties names new CEO

Union Properties, one of the leading property investment developers in the UAE, has appointed Ahmed Yousef Abdulla Hussain Khouri as its new chief executive officer. A key player in the region, Union Properties has developed a diverse portfolio that consists of iconic landmarks i


Al Ghurair makes substantial power, CO2 reductions

Al Ghurair, the UAE-based industrial conglomerate, is registering substantial savings in power consumption and slashing an estimate of 10 per cent to 30 per cent of its carbon emissions through its various environmental sustainability initiatives. These significant reductions in


Seef Properties' H1 net profit surges 16pc

Bahrain-based Seef Properties has registered a net profit of BD5.2 million ($13.7 million) for the first half of 2017, up 16 per cent compared to BD4.5 million ($11.8 million) the same period last year. Announcing the results for the first six months, Seef Properties said its ope


China seals $1.5bn Iran rail line electrification deal

Export-Import Bank of China (EXIM) signed a $1.5-billion deal to finance the electrification of a high-speed rail line between the Iranian cities of Tehran and Mashhad, said a report. China National Machinery Import and Export Corporation (CMC) will be responsible for the electri


Saudi Arabia sets up commission to develop historic sites

Saudi King Salman bin Abdulaziz has decreed the establishment of renovation commissions tasked with the development of two of the most important archaeological and historic sites in the Kingdom, Al Ola and Diriyah Gate. These two areas’ historic, cultural and architectural

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