Monday 25 July 2016

SNC-Lavalin seals Qatar consultancy contract

SNC-Lavalin, a leading engineering and construction group, said it has been awarded an engineering consultancy and support services contract by Oryx GTL, a joint venture between Qatar Petroleum and Sasol of South Africa, for its gas-to-liquids complex at Ras Laffan Industrial City in Qatar.


Bahrain harbour project on track

The work on the Zallaq Harbour Project in Bahrain is progressing well with several of the key development phases completed as per schedule. The harbour has the capacity to accommodate 112 boats, each of which is 10m long. Also the facility boasts 56 stores for sale of sailing equ


Iran to name oil firms qualified for tenders

Iran will issue a preliminary list of international energy companies eligible to take part in tenders to develop its oil and gas fields within the next two weeks, a senior Iranian oil official said on Monday. "Not all foreign companies active in the oil industry can particip


Saudi Binladin seeks $218m Islamic loan extension

Saudi Binladin Group has asked for an extension on an 817 million riyal ($217.8 million) Islamic loan that matured last week and which was being used to fund construction on the kingdom's Grand Mosque site, sources aware of the matter said. The request to delay the payment, o


Drake & Scull inks Eni Iraq project contract

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract from Eni Iraq BV for the construction of a water inje


Dubai property rents down in Q2 over Brexit

Rent values across the office and residential sectors in Dubai, UAE continued to face a downward slope in the second quarter (Q2) of the year as Brexit brought slight uncertainty into the market, a report said. Dubai caters to the most open real estate market within the region an


Caparol opens new showroom in Saudi Arabia

Caparol, a Germany-based paint and insulation manufacturer, has launched its new showroom in Riyadh, Saudi Arabia, as part of its regional expansion strategy. The new store, located in the Al Waha district of Riyadh, spans across 1,000 sq m of showroom space. It sh


Carillion unit wins $311m PDO contract extension

Leading construction group Carillion said one of its units has won a four-and-half-year contract extension from Petroleum Development Oman (PDO) for its integrated facilities management services in Oman. Carillion Alawi, the UK firm's market leading business in Oman, said as


Dubai South awards $272m residential project contracts

Dubai South (the rebranded Dubai World Central) has awarded contracts worth Dh1 billion ($272 million) for a number of project developments in the city’s Residential District, adjoining the Expo 2020 Dubai site. The infrastructure and design contracts have been awarded to t


Saudi approves 24 new infrastructure projects

The Saudi government has approved 24 new infrastrcuture projects - including 17 hotel properties in the Asir region in a major boost to its tourism housing sector, said a report. The Saudi Commission for Tourism and National Heritage (SCTH) said these upcoming hotels will be a to

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