Tuesday 27 February 2024

Work starts on $6.4bn Sabic petchem complex in China

The start of full execution and construction of the RMB44.8 billion ($6.4 billion) Sabic Fujian Petrochemical Complex (Sino-Saudi Gulei Ethylene Complex Project) in Fujian Province, China has been marked with a groundbreaking ceremony.   The pro


Saudi wealth fund PIF buys 40% stake in Zamil Offshore

Saudi sovereign wealth fund PIF (Public Investment Fund) has announced that it has completed the acquisition of a 40% stake in Zamil Offshore Services Company (Zamil Offshore).    Incorporated in 1977, Zamil Offshore is one of the largest offshore support c


Ras Al Khaimah Ruler calls for ‘Innovation with purpose’

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, has called for ‘Innovation with purpose’, which has an end goal that focuses on practical solutions to improve humanity.   Delivered the opening addr


Praesidiad obtains manufacturing licence in Saudi Arabia

Praesidiad, a world market leader in force protection solutions, has obtained a manufacturing licence and reached a commercial agreement with Al Kuhaimi’ Metal Industries, during the World Defense Show.    The manufacturing and commercial agreement wa


DP World breaks ground on $150m agri terminals facility

DP World has joined forces with Adroit Overseas Canada and Al Amir Foods to break ground on its new agri terminals facility being set up at an investment of AED 550 million ($150 million) at Jebel Ali Port, thus marking the start of a transformative journey to bolster food security in UAE.


Mira Aerospace to showcase HAPS at Singapore Airshow

Mira Aerospace, a global leader in High Altitude Pseudo Satellites (HAPS), is set to showcase its groundbreaking technology at the Singapore Airshow, Asia’s most influential international aerospace and defence exhibition. This marks the first time Mira Aerospace is exhibiting its techno


Investcorp invests big in JFK Airport Terminal 6 project sponsor

Investcorp, the global alternative investment firm based in Bahrain, is investing in the sponsor of the John F. Kennedy International Airport's (JFK) new Terminal 6 Project.   The investment in Corsair’s infrastructure business, now called Investcorp C


SGC lands $191m EPC contract for Advanced petchem plant

Leading South Korean construction group SGC eTEC E&C Company and its regional arm SGC Arabia have secured an EPC contract worth $191.2 million from Saudi-based Advanced Petrochemical Company for its isopropanol plant coming up in the kingdom's Eastern Province.  &nbs


Saudi delegation to explore aviation ties in Singapore, China, US

A high-level delegation from the civil aviation sector of Saudi Arabia will conduct a series of official visits to Singapore, China, and the United States from February 19-29, to explore collaborations on air connectivity and economic growth. Headed by the President of the General Auth


EtihadWE highlights cutting-edge initiatives in Fujairah

Etihad Water and Electricity (EtihadWE), a pioneer in sustainable water and electricity services, has displayed its most innovative initiatives and projects at "Innovate to Thrive" exhibition, organised by Fujairah Municipality.    The exhibition

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