Ras Al Khaimah is expected to add more than 25,000 residential units over the next four years, with apartments accounting for 97% of the planned supply, mainly driven by population growth, higher foreign investment and expanding business activity in the emirate, said an real estate industry expert.
Arabian Pipes Company (APC) has announced that it has secured a key contract from Saudi oil giant Aramco for the manufacturing, coating and supply of steel pipes for one of its projects. The entire work will be completed within a eight-month period.
A recovery in world oil demand is underway, with consumption set to rise from its May nadir on seasonal trends and as pent-up demand is released in line with a rebound in product supplies, says an International Energy Agency (IEA) report.
Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia.
Sharakah, Oman’s leading SME development company, has announced a strategic collaboration with Gulf Technical Support (GTS), a specialist in the supply, installation and maintenance of heating, ventilation, and air conditioning (HVAC) systems across the sultanate.
Riyadh Cables Group has announced that it has secured a SAR450 million ($120 million) contract from Saudi-based Mohammed Al Ojaimi Contracting Establishment for supply of cable products for some of its key power generation and transmission projects.
Dubai Precast has announced that it has been awarded a major contract for the design, supply, delivery and installation of a full precast building system for 93 townhouses and two villas at Meydan, Dubai. The project scope includes external sandwich walls, solid walls and columns as well as boundary walls.
Group Five Pipe Saudi Company has announced that it has secured a contract from Esnad Al Turuq Contracting Company for the manufacture and supply of its carbon steel HSAW water transmission system pipes for a project at Ras Al Khair in Riyadh.
The Saudi Industrial Export Company (SIEC) has announced the signing of an supply agreement with GTronics & Significa Company for a key project in Syria. The scope of work includes delivery and implementation of single-phase and three-phase smart electrical meters in the country.
The UAE maintains strategic reserves of essential goods sufficient to cover market needs for a period ranging between four and six months, Abdulla bin Touq Al Marri, Minister of Economy and Tourism, said.
