Japanese construction equipment manufacturer TCM claims that its 11.5 to 15-tonne range of lift trucks have a greater acceleration, faster travel and lifting speeds. “Several productivity features have been built into TCM’s new heavy-class machines, which simply translate into more work done in lesser time,” says a TCM spokesman.

Real estate developer Rikaz has called for investors – both Saudi and non-Saudi – to back its amibitious City Fanar project that is entering its second phase of development.

Mammut Building Systems – the UAE’s largest manufacturer of pre-engineered steel buildings (PEBs) and polyurethane-injected sandwich panels – made a foray into the Saudi market early this year and intends to emerge as a key player by capturing 20 per cent of the Saudi market before the end of 2005.

Kvaerner bags $150m EPC dealAl Jubail: Gulf Advanced Chemical Industries Company (GACIC) has signed a lumpsum turnkey contract with Aker Kvaerner for the engineering, procurement and construction (EPC) of the $150 million butane-diol (BDO) plant in Al Jubail. GACIC is an affiliate of Saudi International Petrochemical Company (Sipchem).