Bapco’s mega expansion project on track
Bahrain’s oil refining giant Bapco has announced that steady progress is being made on its multibillion-dollar expansion project being implemented by a number of prestigious international companies, including Technip Energies (Italy), Technicas Reunidas (Spain) and Samsung (South Korea).
More...Oman to develop 19 ITCs; $19.4bn spend seen
Oman’s Ministry of Heritage and Tourism has granted 19 licences for integrated tourism complexes (ITCs), including a number of projects across the governorates of Muscat, Dhofar, South Al Sharqiyah, South Al Batinah and Musandam.
More...Geberit eyes expansion in region
Geberit, a Swiss manufacturer of sanitary products, is targeting further growth in the Gulf region with its focus on sustainable solutions. In line with its goals, the company has newly appointed Richard Bieler as its new Head of Product Management & Technical Sales Support for the Gulf Region.
More...Acme wins loan for Oman plant
Leading Indian renewable energy company Acme Group said it had raised Rs40 billion ($488 million) in fresh funding from REC, one of the largest green infrastructure financial institutions, for its upcoming green hydrogen and ammonia project at the Special Economic Zone (SEZ) in Duqm in Oman.
More...Acwa gets funds for utility projects
Acwa Power, a leading Saudi-based developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a three-year revolving credit facility (RCF) agreement with China Construction Bank (DIFC Branch).
More...Edamah breaks ground on two boutique hotels
Bahrain Real Estate Investment Company (Edamah) has started work on two boutique hotels – the four-star Avani and the five-star Tivoli – within its mixed-use sustainable city, Bilaj Al Jazayer, in the kingdom.
More...Giga-project investment boosts Mideast market
Leading Middle East markets continue to experience high-growth in construction activity, as the region invests in nation-building agendas that support economic diversification away from fossil fuels, according to global professional services consultancy Turner & Townsend.
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August 2023 (Volume xliv Issue 8)