INDIA’s Ajmera Mayfair consortium intends to invest up to $130 million (BD50 million) in a twin-towered residential development as a third-party developer within Bahrain’s Bahrain Bay in the near future.
VISION Electro Mechanical Company, a subsidiary of Saudi-based Construction Products Holding Company (CPC), plans to build a 130 kW solar power plant in Saudi Arabia in alliance with SolFocus of the US.
INJAZ Development Company, a Riyadh-based master developer and investment company, is investing SR5 billion ($1.33 billion) on two major real estate projects Al Marina and Al Gamra in Saudi Arabia. Al Marina is a 3.3-million-sq-m mixed-use waterfront development located east of Dammam City while Al Gamra offers nearly 2.
$359.9m bridge fund for JODC JABAL Omar Development Company (JODC), the lead planner and developer for the Jabal Omar mountain area in Makkah, Saudi Arabia, has won bridge funding collectively worth SR1.35 billion ($359.98 million) from five local banks.
AL KIFAH Building Materials (AKBMC), one of the largest companies in the GCC in the field of readymix and building equipment, has embarked on a major five-year growth plan that covers its expansion not only in Saudi Arabia but throughout the Arab world.
AN exclusive partnership agreement between Mawad International Door Hardware Manufacturing Company (Mawad) and Stanley Security Systems is earning rich dividends, thanks to a buoyant Saudi market, with the partners now looking at taking it to the next level of growth.
THE American Mission Hospital (AMH) in Bahrain is to build a new 100-bed, state-of-the-art hospital in the kingdom. Health Minister Dr Faisal Al Hamer was presented with plans to construct the hospital in the northwest of Bahrain by the AMH’s chief medical officer and chief executive officer Dr George Cheriyan.
SAUDI ARABIA'S Al Jazirah Development Factory for Concrete Products Company, which launched operations earlier this year, is planning to spread its wings across the Gulf.
A TENDER to build a $800-million liquefied natural gas (LNG) terminal in Bahrain was floated last month.
ARABTEC Saudi Arabia has received a letter of intent from Saudi Binladin Group (SBG) for a new housing project in the Eastern Province of the kingdom. The project involves the construction of 5,000 villas and site preparation on an agreed value of SR5 billion ($1.3 billion) over a construction period of 48 months.
A CONSORTIUM led by Hyundai Engineering & Construction has entered the lowest bid for the Kuwait Causeway – a 25-km fixed link built across the Bay of Kuwait from Kuwait city to Subiya. The consortium reportedly put in a bid of $2.6 billion for the road link, beating a $2.85 billion bid from Saudi Arabia’s Binladin Group.
MARRIOTT will open its first Residence Inn by Marriott property for extended stay travellers in the Middle East with an 83-unit hotel in the Saudi Arabian city of Jizan on the Red Sea coast in 2012.
QATAR last month revealed architectural details of a ground-breaking solar-powered stadium, which forms the centrepiece of its 2022 Fifa World Cup bid. The stadium was showcased at the Leaders in Football international conference held at Chelsea Football Club in London, UK.
SAUDI Arabia’s new Mashair Railway, which links the holy sites of Mina, Arafat and Muzdalifa with Makkah, is undergoing a 30-day trial before it is inaugurated for the upcoming Haj pilgrimage season. Built at a cost of SR6.5 billion ($1.
SKYLINE Trading Corporation, a veteran civil contracting and trading company based in Bahrain, says its ability to offer a range of services under one roof has given it an edge in today’s challenging market.
AN asphalt plant from Italy’s Marini is playing a key role in the construction of the multi-billion-dollar New Doha International Airport in Doha, Qatar. The futuristic airport, which is being developed by Bechtel under a design, construction management and project management contract in phases at a total cost of $14.
DOHALAND’S $5.5-billion Musheireb urban development project in Doha, Qatar, is proceeding on schedule and is expected to be completed in 2016.
