Oman has awarded contracts worth RO186.3 million ($483 million) for two key infrastructure development projects - the Muscat Expressway Expansion and the Ibra Road Dualisation. The scope of work includes construction of independent two-lane flyovers as well as key road expansion.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has signed a contract with the Kuwait's Ministry of Electricity and Water and Renewable Energy for a major power infrastructure project worth KD57.2 million ($186.4 million).
Kuwait has reported significant progress in its projects for February, with infrastructure and building works advancing at a rapid pace across several housing cities including Al Mutlaa City (where 170 buildings are under construction) and South Sabah Al Ahmad City (where key roads works are underway).
Presight has unveiled the first six AI companies selected to receive investment through its AI Innovation Ecosystem, strengthening the pipeline of technologies designed to power next-generation intelligent systems at national and enterprise scale.
The Gulf countries continue to consolidate their position as one of the most influential hubs in global energy markets, (with 32.7% of global oil reserves and 21.2% gas reserves) supported by a broad base of natural resources, advanced infrastructure and accumulated expertise, said a report.
Oman’s Public Establishment for Industrial Estates (Madayn) will invest RO245 million ($637 million) in infrastructure and development projects across its industrial cities between 2026 and 2030 as part of efforts to boost investment and economic diversification, said its top official.
Gensler has appointed Elliott Pears as Regional Sports Leader for Asia Pacific and the Middle East (APME). Recognised globally for its impact across architecture and design, the firm continues to expand its leadership platform through strategic appointments in key growth regions.
The Superyacht Service Centre (SYSC) in Ajman has completed its final operational phases, marked by the activation of vital infrastructure and commissioning of core technical service capabilities, thus reinforcing its position as one of the most advanced refit and maintenance centres for superyachts in the region.
Kuwait Petroleum Corporation (KPC) said it has signed a strategic agreement to explore the development of a power and steam co-generation plant in the country's Ratqa area, in a move aimed at improving efficiency across Kuwait’s oil and power sectors.
With the early award of a critical infrastructure contracts to Nesma & Partners and the mobilisation of global giants Bechtel and Buro Happold, the Expo 2030 Riyadh project is now accelerating toward its October 2030 opening. Work on the mega event's country pavilions is likely to begin in the third quarter, said media reports.
