Fluor Corporation, a leading provider of engineering, procurement, construction and maintenance services, has announced that it has been selected by Saudi oil giant Aramco as a programme management consultancy (PMC) contractor to support its global capital projects portfolio.
The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with Minor Hotels under which the international hospitality operator will manage the Sharjah Collection, a portfolio of seven nature- and heritage-based retreats across the emirate.
DP World has announced that it has entered into a 50-year concession agreement to develop two multipurpose container ports in Fujairah. Once operational, the development will boost DP World's total container handling capacity in the UAE to almost 22 million TEUs from 19.4 million TEUs.
Saudi real estate developer Asas Makeen said it had signed an agreement with a fund managed by BLOM Invest Saudi Arabia to develop a 290-unit residential project on a 16,621-sq-m area within the Al Narjis district in Riyadh. The entire work will be completed in 18 months.
Saudi-based Blacksand has announced a landmark agreement with Marriott International to develop 10 hotels in the kingdom over the next four years. Featuring over 1,300 rooms, it will be developed under a range of Marriott brands spanning the luxury, select-service and extended-stay segments.
Oil prices fell in Asia on Monday after the US and Iran announced an agreement that is expected to reopen the key Strait of Hormuz shipping route.
The United States and Iran have announced an agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, a vital shipping route for global energy supplies, although key details of the accord remain unclear.
Leading Saudi Arabian groups have signed six agreements with Chinese entities covering investment co-operation, construction technology, knowledge transfer, workforce development and public-private partnerships at a key industry event in Shenzhen, China.
Saudi-based Shalfa Facilities Management has announced that it has secured a key contract from Tatweer Buildings Company to provide FM services at its school buildings in the kingdom's Qassim Region. The scope of work includes cleaning, maintenance and gatekeeper services.
The Saudi Ports Authority (Mawani) has announced that it has signed a concession agreement with Saudi Global Ports (SGP) to develop, operate and manage the container terminal at Jubail Commercial Port, in a project involving investments of more than SAR2 billion ($528 million).
