Acwa Power wins finance worth $14bn
Saudi-listed Acwa Power, the world’s largest private water desalination firm, has marked a monumental year, achieving financial close for projects worth over $14 billion, the largest in the company’s history.
More...Alba deploys Mitsubishi’s gas turbine at PS5
Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, marked a new milestone in its Power Station 5 (PS5) Block 4 Project with the recent arrival of Mitsubishi Power’s M701JAC Gas Turbine (GT). The M701JAC GT is a first-of-its-kind gas turbine manufactured in the world for a primary aluminium smelter.
More...Reynaers Aluminium Group CEO visits Bahrain
Reynaers Middle East (RME), the Bahrain-based regional office of leading European aluminium solutions provider Reynaers Aluminium, recently received Bert Geerinckx, the newly appointed Group CEO of Reynaers Aluminium, at its headquarters in Bahrain.
More...Tenders are invited for Al Nakheel ITC package
Alargan Towell’s Al Nakheel has invited tenders for the infrastructure package for the Al Nakheel Integrated Tourism Complex (ITC) project along the Rumais beach in Oman’s Wilayat of Barka. The project is aligned with Oman’s Ministry of Heritage and Tourism’s strategy to develop ITCs in partnership with the private sector.
More...Work starts on final phase of Al Naseem
Diyar Al Muharraq has announced the start of construction on the third and final phase of its Al Naseem villas project.
More...Mena projects pipeline valued at $3 trillion
Defying global economic challenges, the Middle East and North Africa (Mena) region’s construction sector continues to demonstrate strong performance with a total of $101 billion worth of projects awarded in the first half of the year, a new report revealed.
More...Mabanee unit purchases Bahrain Bay plot
Leading Kuwaiti developer Mabanee said its wholly-owned subsidiary in Bahrain has reached a deal to purchase a 9,554-sq-m vacant plot of land in Bahrain Bay for KD5 million ($16.1 million). This comes in line with its plan for further investment and development, said the company in its filing to Boursa Kuwait.
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November 2023 (Volume xliv Issue 11)