Saturday 19 January 2019

Abu Dhabi’s Hyperloop ‘to cost $20m-$40m per km'

The world's first commercial hyperloop system, which is set to open in Abu Dhabi in 2020, will cost between $20 million to $40 million per kilometre, said Bibop Gresta, chairman of Hyperloop Transportation Technologies. In an exclusive interview with the Emirates News Agency


NuScale inks key Jordan nuclear power plant deal

US-based NuScale Power said it has signed an agreement with the Jordan Atomic Energy Commission (JAEC) to explore unique capabilities and benefits of its small module reactor (SMR) nuclear power plant in the Arab country. The agreement continues to showcase the immense internatio


Arabian Cement to set up 14GW solar plant in Egypt

Arabian Cement Company, a leading cement producer in Egypt, has signed an agreement with SolarizEgypt for the setting up of a solar photovoltaic (PV) energy plant within its premises in Suez Governorate. SolarizEgypt is a certified company that has been financing, designing, inst


Gas pipeline infrastructure market to hit $2 trillion by 2024

Growing discoveries of unconventional reserves coupled with the increasing number of gas-fired power generation stations across the globe will drive the gas pipeline infrastructure market size, which is likely to exceed a whopping $2 trillion by 2024, said a report by Global Market Insights.


EU countries back definitive EC steel safeguards

European member states, as widely expected, have backed the European Commission’s plan to impose definitive safeguard measures on imports of steel, reported S&P Global Platts. The European Commission will now finalise the procedure, so that the definitive measures can e


McDermott wins Daelim Saudi Arabia project contract

McDermott International, a premier, fully-integrated provider of technology, engineering and construction solutions, has been awarded a sizeable contract by Daelim Saudi Arabia Company for engineering, procurement and construction (EPC) of CB&I storage tanks for the Ma'aden ammonia plan


Al Bahar opens new Caterpillar office in Oman

UAE-based Al Bahar, the authorised Caterpillar equipment and engine dealer in the GCC (excluding Saudi Arabia), has announced the opening of its newest branch office at Sohar region of Oman through its sister concern Oasis Trading and Equipment Company. The new 10,000-sq-m branch


Siemens Gamesa launches 10MW offshore wind turbine

Siemens Gamesa Renewable Energy (SGRE), a world leader in the offshore industry, has launched the SG 10.0-193 DD, the company’s first 10+ MW offshore wind turbine. It will be market-ready in 2022 following the expected prototype erection this year. Based on the experience o


EcoWaste 2019 draws strong regional, global response

The sixth EcoWaste exhibition, dedicated to advancing sustainable waste management practices and recycling in the region, is witnessing strong regional and global participation. Organised by Abu Dhabi Waste Management Center (Tadweer) in partnership with Masdar as part of Abu Dha


New blockchain powered property website launches

Dubai-based BabelChain, the new lifestyle development re-inventor and accelerator, has announced its global launch. BabelChain serves as a platform to connect developers to a large pool of investors, and simultaneously enable investors worldwide to access unique property developm

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