Saturday 21 January 2017

MEA rough-terrain cranes market to grow at 5.6pc

The overall long-term outlook on the rough-terrain (RT) cranes market in the Middle East and Africa (MEA) remains optimistic, with the sector projected to grow at a promising CAGR (compound annual growth rate) of 5.6 per cent through 2026, a report said. Over the assessment perio


Qatar Shell signs EPCM deal with WorleyParsons

Qatar Shell has signed a five-year engineering, procurement and construction management (EPCM) services contract with WorleyParsons for Pearl gas-to-liquids (GTL) projects and associated facilities. The contract signing ceremony was held at Qatar Shell’s offices in Doha, sa


Dubai’s property deals top $3.2bn in 15 days of 2017

Dubai’s real estate market has started the new year with a bang, generating Dh12 billion ($3.26 billion) transactions in just 15 days, said a report from Dubai Land Department (DLD). The land plots recorded 520 transactions worth Dh7.511 billion, while land sales claimed th


McDermott names Saudi general manager

McDermott Arabia, a leading engineering, procurement, construction and installation (EPCI) contractor, has appointed Dustin Whiteley as the general manager for its Saudi Arabia business.     Dustin, who holds a degree in structural engineering from New Mexico State Unive


GE wins $1.4bn power plant contracts in Iraq

General Electric (GE) has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The announcement further strengthens GE’s collaborations in Iraq to support t


McDermott wins Saudi Aramco EPCI contract

McDermott International said it was secured a major contract from Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) services to four jackets and three gas observation platforms offshore Saudi Arabia. Work on the contract is expected to be exec


Masdar to build waste-to-energy plant in Sharjah

Abu Dhabi’s renewable energy company Masdar said it plans to build a cutting-edge waste-to-energy plant in Sharjah, UAE, in partnership with Bee’ah, a leading environmental management company in the Middle East. Announcing this today at Abu Dhabi Sustainability Week 2


Sico, Trucial in US property fund partnership

Bahrain’s Securities & Investment Company (Sico) has entered into a strategic partnership with Dubai-based Trucial Investment Partners, an asset management and advisory to manage a US real estate fund. The partnership was signed by Sico chief executive Najla Al Shirawi


Nakheel invests $41m in building cycle tracks in Dubai

Dubai-based master developer Nakheel is investing Dh150 million ($40.8 million) in bringing 105 km of bicycle tracks to its communities across the UAE emirate, with all routes linked to the government’s Cycling Masterplan. Safe, scenic bike routes are being created to encou


Gulf Mining plans big industry investment

Oman-based Gulf Mining Group plans to invest in a substantive portfolio of mining-related ventures including a potash mine over the 2017-2018 timeframe, a report said. Planned initiatives include investments in a new calcium carbonate project in Sohar, a ferro-manganese smelter i

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