Sunday 23 November 2014

Egypt hires German firm to bore Suez Canal tunnels

Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Unlisted Herrenknecht AG was discussing contract det


Empower awards $16m network expansion deal

Empower, a Dubai-based district cooling services provider, has awarded contracts worth Dh60 million ($16.3 million) for the network expansion in Dubai's Business Bay area and International Media Production Zone (IMPZ), according to a report. The deal includes Dh41 million net


27 major investment projects unveiled in Yanbu

As many as 27 major investment project in the industrial city of Yanbu in Saudi Arabia were recently unveiled by the kingdom’s Municipal and Rural Affairs Minister, according to a report. The projects include a tourism island, four hotels, an international specialist hospit


$2bn deal signed to modernise Riyadh’s bus network

A SR7.8 billion ($2 billion) contract was signed by Riyadh’s Governor with the Saudi Arabian Public Transport Company and France’s Regie Autonome des Trasports Parisians (RATP) to supply, operate and maintain the Riyadh Bus network, according to a report. Prince Turki


KTI showcases concrete cooling solutions

KTI-Plersch Kaltetechnik is showcasing its most comprehensive range of products for the concrete cooling industry, at The Big 5 construction expo in Dubai, UAE. A German pioneer and leader in the field of concrete cooling, KTI, a regular exhibitor for more than 15 years, said The


Qatar plans major investment in UK rail

Qatar plans to invest heavily in the infrastructure projects around the north of England, including the new HS2 high-speed rail line, said a report. Qatar's Emir Sheikh Tamim bin Hamad Al Thani last month visited the UK and told the Prime Minister David Cameron he wanted to take ad


Over 700 move into Jumeirah Golf Estates homes

As Jumeirah Golf Estates cements its position as Dubai’s premium residential golf community, more than 700 residents have moved into their homes in time to watch this year’s DP World Tour Championship 2014, which kicked off today (November 20). Progress comes as Jumei


QinetiQ company clinches Saudi rail contract

OptaSense, a subsidiary of British defence technology company QinetiQ Group, has won a five-year contract to provide security monitoring for two rail lines from Dammam to Riyadh in Saudi Arabia.   The $12-million deal will be split evenly with its partner Taqqat Global Compa


KBW acquires top European engineering firm

Dubai-based KBW Investments has completed a 50 per cent acquisition of Arcadia Engineering, a major company with operations in Romania and Brazil. The company formalised the acquisition today (November 20) at a signing ceremony in Dubai, UAE, where Prince Khaled bin Alwaleed, the


Trina Solar to build Jordan's largest solar plant

Trina Solar, a global leader in photovoltaic (PV) modules, solutions, and services, said it has signed an agreement with Jordan's Shamsuna Power Company to design, build, operate and maintain its 10MW solar project in Aqaba region of the kingdom. The construction work at the

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