Euro Auctions closed 2025 with a record-setting December auction in Abu Dhabi, achieving a $7.2 million hammer total at its sale, thus reflecting demand for used construction equipment across the Middle East, driven by infrastructure boom, fleet renewal and cross-border trading activity.
UAE-based BNW Developments has announced that it has awarded a contract worth AED1 billion ($272 million) to CREC4, a subsidiary of top global infrastructure group China Railway Group, for its prime developments in Dubai.
Saipem, a global leader in the engineering and construction of major projects for energy and infrastructure sectors, has announced the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia. The rig can operate in waters up to 375 ft deep and drill wells up to 9,100m.
