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Bahrain floats tender for Hawar SWRO desal plant
Bahrain's Electricity and Water Authority (EWA) has issued a tender for the construction of a seawater reverse osmosis desalination plant on Hawar Island off the southeastern coast of the kingdom. The deadline for sending the bids has been set at June 23. -
ASRY snaps up Kuwait Oil tender for 6 giant oil tankers
The Arab Shipbuilding and Repair Yard Company (ASRY), a maritime repair facility based in Bahrain, said it had won a regional tender launched by the Kuwait Oil Tanker Company (KOTC) to carry out docking and maintenance work for six giant oil tankers. -
Actis-Fortescue consortium wins Oman green hydrogen project
200,000T CAPACITY PER ANNUM
Actis, a leading investor in sustainable infrastructure, has announced that its consortium with Fortescue, an integrated green energy company, has secured the contract for the construction and operation of a major green hydrogen project in Oman. -
Sayacorp opens first Conrad hotels property in Bahrain
Bahrain-based hospitality group Sayacorp has announced the opening of the first Conrad hotel property in the kingdom. The 98-key Conrad Bahrain Financial Harbour features one- to three-bedroom suites as well as other key premium amenities. -
Alkhorayef secures $458m Al Ahsa sewage plant maintenance contract
Saudi-based Alkhorayef Water and Power Technologies Company has secured a contract worth SAR1.72 billion ($458 million) from the National Water Company for the operation and maintenance of sewage treatment plants in the Al Ahsa city. -
EGA acquires top European speciality foundry Leichtmetall
ALUMINIUM RECYCLING BUSINESS
Emirates Global Aluminium (EGA), a premium aluminium producer in the region, has announced that it has completed the acquisition of Leichtmetall Aluminium Giesserei Hannover, a major European speciality foundry in high-strength recycled aluminium. -
Bluewater Bio wins Bahrain wastewater plant upgrade deal
Bluewater Bio, one of the fastest growing water technology companies in Europe, has secured a major engineering, procurement and construction (EPC) contract for the upgrade of the North Sitra wastewater treatment plant in Bahrain. -
Dubai group unveils $1bn RAK beach residences tower
Dubai-based AARK Developers has launched its AED4 billion ($1.08 billion) Sora Beach Residences, a first-of-its-kind high-rise in Ras Al Khaimah. The 18-storey tower, designed by Japan's Nikken Sekkei, features a range of homes along with key amenities. -
NMDC records solid net profit in Q1, revenue soars to $1.4bn
STRATEGIC EXPANSION PLAN
NMDC Group, a leader in engineering, procurement, construction and marine dredging, has reported solid growth for the first quarter with a net profit of AED641 million ($174 million), while its revenue soared to hit AED5.34 billion ($1.45 billion). -
Tecom Q1 net rises 15% to $79m, occupancy at record
Tecom Group, the creator of specialised business districts and vibrant communities, has posted 15% year-on year (YoY) rise in net profit to AED290 million ($79 million) for the first quarter as occupancy levels hit historic levels at 91%. -
MEA fit-out costs resilient; marginal 3pc growth seen: JLL
As average fit-out costs across global markets soars significantly year-on-year amid ongoing cost challenges, the construction sector in the Middle East and Africa continues to be resilient, marking an average of 3% y-o-y increase across the region. -
Geberit celebrates 150 years of innovation and sustainability
Geberit, a global leader in sanitary products and systems, commemorated a key milestone by celebrating its 150th anniversary, a testament to its enduring legacy of innovation and pivotal role in shaping the landscape of sanitary technology globally.
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