Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution.
Afcons, a flagship infrastructure engineering and construction company of Indian group Shapoorji Pallonji, has secured a Rs53 billion ($554 million) contract from Vadhvan Port Project for the construction of a 10.14 km-long breakwater in Maharashtra. On completion, it will be the second longest breakwater in the world.
GAIA BioMaterials, a global leader in biodegradable and compostable bioplastic compounds, has received final confirmation of its European patent for PLA-free film extrusion materials.
Arclin, a global materials science company, has announced that it has completed the acquisition of DuPont’s Aramids business, including the renowned Kevlar and Nomex brands, for approximately $1.8 billion.
Services now account for most of the world’s $2.5 trillion ocean-related trade, overtaking goods and opening new opportunities for developing countries to create value from the ocean while protecting it, says a new UNCTAD study.
Spirit Energy, a Centrica business, has announced the Morecambe Net Zero (MNZ) Peak Cluster development - the world’s largest cement decarbonisation project - has achieved a major milestone that brings the decarbonisation of 40% of the UK’s vital cement and lime industry a step closer.
British oil and gas company bp has announced that it would reorganise its business into two operating segments - Upstream and Downstream - thus replacing its current three-segment structure, effective July 1. This comes as part of bp's efforts to simplify its structure, boost performance as well as shareholder returns.
Viridien, a global technology and HPC leader, has entered into a strategic partnership with global exploration firm Aker BP to strengthen collaboration across multi-client ocean bottom node (OBN) seismic data acquisition, imaging, and technology development. The agreement establishes a five-year co-operation framework designed to align strategy with the goal of optimising exploration efforts on the Norwegian Continental Shelf.
The 57th edition of the Watch and Jewellery Middle East Show, the region’s largest event for luxury jewellery and timepieces, is set to open in Expo Centre Sharjah bringing together 400 local and international exhibitors from 19 countries across the globe.
Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure.
