Ohana Development, a leading UAE real estate developer, has officially broken ground on Manchester City Yas Residences by Ohana, its AED15 billion ($4.08 billion) gated waterfront community located on Yas Canal in Abu Dhabi.
Saudi Arabia Railways has signed an agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler. The purchase is part of SAR’s strategic plans to boost its passenger fleet.
Bahraini authorities have announced that work is in full swing on the Al Hunainiyah Water Distribution Station project in Riffa and will be completed by 2027-end. The project includes a ground-level reservoir with a capacity of 10 million imperial gallons as well as an elevated reservoir with a 1.25 MIGD capacity.
Saudi-based East Pipes Integrated Company for Industry has announced that it sealed an agreement with global oil major Aramco for the manufacture and supply of steel pipes for use in its key projects in the region. The entire work will be completed within five months.
Saudi-listed Al Ashghal Al Moysra Company has announced that it had been awarded a contract by the Royal Commission for Jubail and Yanbu to provide warehouse operations and management services at the authority’s facilities in Yanbu.
ASAS Real Estate, a unit of Sharjah Islamic Bank, has announced the start of infrastructure development works across 11 residential, commercial and industrial land projects in the emirate. The work covers internal roads, electricity, water and telecom networks as well as street lighting.
Saudi Arabia Railways (SAR) has awarded a major contract to Hitachi Rail for the revamp of the Al Mashaaer Al Muqaddassah Metro Project, thus marking a significant milestone in the ongoing modernisation of railway infrastructure serving the holy sites in the kingdom.
Patrizia, a leading European real estate and infrastructure investment manager, has appointed Hassan Awada as the senior executive officer for Middle East and North Africa region. Awada brings over 20 years of experience advising institutional investors across the full investment lifecycle.
Global utility major Acwa Power has announced that it has secured initial commercial operation certificates from Sidra First Electricity Company in Madinah and Qudra First Electricity Company for key units of its power projects - Taiba 1 and Qassim 1 - in Saudi Arabia that have an initial combined generating capacity of 2,555 MW.
Global energy technology company SLB has announced that it has secured a major EPC contract from Omani group OQ Exploration & Production (OQEP) for the expansion of the sultanate's Bisat-B Production Facility. The entire project is scheduled for completion within 19 months.
