Fuel tanks at Oman's Duqm commercial port were targeted by several drones, with one striking a fuel tank, Oman News Agency (ONA) reported on Tuesday, citing a security source.
The Saudi Ports Authority (Mawani) has announced that it has signed a lease agreement with Sultan Logistics, a leading player in the kingdom's freight sector, for the development of a 200,000-sq-m logistics park at Jeddah Islamic Port for a total investment of SAR250 million ($66.5 million).
Iran’s Revolutionary Guard Corps (IRGC) declared that the Strait of Hormuz was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.”
Oman's Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics, oil refining and polymer processing at its Al Suwaiq Industrial City.
Saudi Energy (formerly Saudi Electricity Company) has invited bids from leading utility developers and energy project specialists for setting up 380kV substations and associated overhead transmission lines (OHTL) related to upcoming Renewable Energy Projects across Saudi Arabia.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter at a single site, has entered into an agreement with a fund managed by American Industrial Partners (AIP), to acquire 100% of Aluminium Dunkerque, the European Union’s largest primary aluminium smelter.
At least three tankers were damaged off the Gulf coast after US and Israeli strikes on Iran triggered Iranian retaliation that put merchant ships at risk of collateral damage, Reuters said quoting shipping sources and officials.
Marsa LNG, a joint venture between TotalEnergies and Omani group OQ, said it had achieved a major construction milestone at its $1.6 billion LNG bunkering hub at Sohar Port with the installation of the roof of a major storage tank in what it called a significant step forward for the project.
Hassan Allam Construction has secured a key water transmission network contract from Oman Water & Wastewater Services Company in Al Sharqiyah North Governorate. The scope of work includes laying of 76 km of transmission lines, nearly 600 km of distribution networks and seven high-capacity reservoirs.
Oman, which was spared retaliation on Saturday, today reported its Duqm commercial port was targeted by two drones, wounding one worker.
