BAHRAIN-based First Energy Bank (FEB) has acquired a nine per cent stake in the Al Dur Independent Water and Power Production (IWPP) project, the largest of its kind in Bahrain.
PLANS are under way to build Saudi Arabia’s largest tunnel, linking the holy city of Makkah and the summer resort of Taif, at a cost SR2 billion ($533 million). The 11-km tunnel, which is scheduled for completion in three years, will reduce travel time between the two cities by 20 minutes.
Gamuda achieves safety featTHE New Doha International Airport project in Qatar has been accident-free since the joint venture company of Gamuda Berhad and WCT Berhad started work in January 2006. Gamuda’s achievement marked a safety milestone when it reached 18 million man-hours without a lost time incident as of September, 2009.
JOTUN Paints has secured an EGP1-million ($182,548) deal to supply road-marking paint for Egypt’s Alexandria streets as well as trained personnel to execute the project.
SIGMA Paints Qatar (SPQ) has secured a contract to supply its products to paint the boundary wall of the Emiri Guard headquarters, becoming the official supplier for the Emir and the government. The job involves supplying paint for the 200,000 sq m boundary wall that extends 8 km and stands at a height of 13 m.
THE SR10 billion ($2.66 billion) state-of-the-art King Abdullah University of Science and Technology (Kaust) in Saudi Arabia opened its doors to advanced research development and scientific learning last month.
THE GCC power generation capacity is expected to grow by 44 per cent to surpass 1,609 terawatt hours by 2013.
BASF Construction Chemicals’ technologically-advanced solutions have been used to restore a 487-year-old landmark mosque in Istanbul, Turkey, by successfully rectifying its structural weaknesses.
CUMMINS Power Generation marks its 90th anniversary this year, celebrating a long history of innovation. From its beginnings in 1919, the company has expanded its global network to include more than 550 distributors and 5,000 sales and service outlets spanning 190 countries.
OMAN has signed three contracts for the financing, dredging and construction of a 1,380-m-long and 25-m-deep jetty at the Port of Sohar. The deals were signed by Minister of Commerce and Industry and Port of Sohar chairman Maqbool Ali Sultan along with Sohar Industrial Port Company CEO Jan Meijer.
A FLEET of four new Dynapac single-drum vibratory rollers is currently working on the massive Alkumru Dam as part of a hydro-electric power plant project in southeast Turkey. The $500-million project, involving a 1,250 workforce, is being undertaken by Limak HES Yatirimlari, a leading investor in the region’s power industry.
