EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, said it had supplied locally manufactured rebar and more than 80,000 tonnes of cement for the Etihad Rail project. These were used in the construction of passenger stations across Al Dhafra region and Abu Dhabi.
National Central Cooling Company (Tabreed) has announced robust results for the first half delivering a revenue of AED1.13 billion ($307 million) supported by fixed capacity charges and ongoing capacity expansion. The connected capacity grew 15% to hit 1.58 million refrigeration tonnes (RT).
Saudi-based Tarmeem for Development has signed an agreement with the King Salman Charity Housing Association to manage home renovation and maintenance projects. The agreement covers structural, architectural, and interior revamp in addition to electrical and mechanical works.
Al Rajhi Capital and LogiPoint have entered into a deal to establish a dedicated investment fund for the development of the South Jeddah Logistics and Industrial Park, a landmark mixed-use logistics and industrial project in the Saudi port city, at a total investment of SAR5 billion ($1.3 billion).
Saudi Ceramics Company has announced that it has entered into an agreement with Sadr Logistics Services Company for the supply of wooden pallets and installation of storage systems at the company’s central warehouse in Riyadh. The entire work is set to be completed within four months.
A consortium led by French utility giant EDF power solutions with members Al Khadra Partners and OQ Alternative Energy (OQAE), has achieved a major milestone with the financial close for the 120MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in the Sultanate of Oman.
The Hub – Transport Advisory, a UK-headquartered specialist transport sector consultancy, has announced its expansion into Saudi Arabia with the support of AstroLabs, the Gulf’s leading business setup and growth platform. The Hub is already supporting Saudi Arabia Railways (SAR) on a strategic project.
Leading Dubai master developer Sobha Group has signed a strategic agreement with Project Management Institute (PMI) to strengthen project management capabilities, accelerate professional development, and promote globally recognised best practices across the group.
Wynn Al Marjan Island today revealed that it has completed its 550-metre beachfront, sheltered lagoon and offshore reef, giving guests a first look at the resort's waterfront experience.
Persistent payment delays and rising default concerns are putting increasing pressure on liquidity and cash flow management in the UAE, says the latest Atradius Payment Practices Barometer.
