Friday 22 August 2014
 
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Aramco, Sumitomo to transfer project to PetroRabigh

Saudi Aramco and Sumitomo Chemical will transfer ownership of a planned 32 billion riyal ($8.5 billion) petrochemical facility to their joint venture PetroRabigh, the venture said on Sunday. The new facility, known as Rabigh II, i

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Bahrain plans $15m shelter complex

Plans are underway in Bahrain to construct a multi-million dinar complex that will house six government shelters to help abused children and distressed migrant workers.   The BD6 million ($15.8 million) project w

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PetroRabigh expansion cost jumps to $8.5bn

The expansion of a petrochemicals complex in Saudi Arabia owned by Saudi Aramco and Sumitomo Chemical is now expected to cost 32 billion riyals ($8.5 billion), higher than previously estimated, the joint venture said. The expansio

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PetroRabigh expansion cost jumps to $8.5bn

The expansion of a petrochemicals complex in Saudi Arabia owned by Saudi Aramco and Sumitomo Chemical is now expected to cost 32 billion riyals ($8.5 billion), higher than previously estimated, the joint venture said. The expansio

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Huge Dubai projects face funds challenge

  Dubai is reviving massive real estate projects as its economy recovers from a corporate debt crisis, but this time around, constraints on financing are likely to slow the pace of its building boom.  

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Minister inspects GCC games complex

Bahrain Minister of Works Essam bin Abdulla Khalaf visited the Isa Sports City complex to review the ongoing work and also to see the preparations for the GCC Games which kicks off on Tuesday. The ministry is readying the sports facilities

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Imdaad starts work on $3.2m Dubai complex

Imdaad, a leading provider of integrated facilities management solutions in the UAE, said it has started construction of its Dh12 million ($3.26 million) complex at Jebel Ali free zone (Jafza) South in Dubai. The facility is designed to pr

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Rajhi Steel to build $4 billion steel complex

Saudi-based Rajhi Steel plans to set up a 15 billion riyals ($4.0 billion) heavy steel complex in King Abdullah Economic City (KAEC) and will get dry gas from Aramco, the state news agency said on Monday.  The firm will later offer 50

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Rotana opens new 5-star hotel in Abu Dhabi

Rotana, a leading hotel management company in Mena, has opened a new five-star hotel in Abu Dhabi – Park Rotana Abu Dhabi. Park Rotana Abu Dhabi is one of key elements of Park Rotana Complex – a multi-use business and residential developme

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Bahrain allocates $90m for disabled-friendly centres

Bahrain is to pump BD34 million ($90 million) over two years into improving the lives of disabled people. Plans include disabled-friendly factories to help them get work, better education opportunities, special care centres and their own sports co

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