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.
Combined Group Contracting (CGC), a leading infrastructure specialist, has secured multiple high-value contracts worth $210 million from Kuwait Oil Company. The scope of work includes development of complex oil and gas infrastructure developments in Kuwait.
Mace Qatar, a specialist in infrastructure construction and district cooling service, has joined hands with French utility major Suez to start the operation and maintenance of Qatar West Catchment Zone. The scope of work covers 1,375 km of foul sewer network, key treatment facilities as well as 43 pumping stations.
The Kingdom of Saudi Arabia has achieved a global milestone in the digitisation of capital markets with the successful execution of the world’s first sovereign-native tokenised property title deed transfer. This infrastructure reduces property settlement times from days to mere seconds.
Heavy Engineering Industries & Shipbuilding Company has announced that it has secured a major contract worth KD174.2 million ($567.4 million) from Kuwait Oil Company for the construction of flowlines and associated works at its upstream oil facilities.
