Shams Ad-Dhahira Generating Company (SAGC), a company backed by a consortium led by Saudi-based Acwa Power, a major developer, owner, and operator of power generation and water desalination plants, is gearing up for the commissioning of Oman’s biggest solar photovoltaic (PV) project – the 500 MW Ibri 2 – ahead of its full commerci
A major independent water project – being developed by Saudi-based Acwa Power in consortium with French utility company Veolia and Oman-based Dhofar International Development and Investment Holding Company (Didic) – in the Salalah region of Oman is set for commercial operations, said a report.
The global facades sector is poised for solid growth over the next five years with its market size expected to hit $376 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.8 per cent, according to a new report by Polaris Market Research.
Bahrain’s Housing Ministry started the distribution last month of a total of over 15,000 residential units in East Hidd, Salman Town and Al Buhair to the beneficiaries in an implementation of the order of HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, according to the BNA.
Naseej, a leading real estate development company in Bahrain, has signed an agreement with Ithmaar Holding to develop a BD40-million ($105 million) residential project in the country’s northern governorate area of Barbar.
Diyar Al Muharraq, one of the largest real estate development companies in Bahrain, has announced the commencement of works on the city’s entrance junction.
Orascom Construction has announced that its consortium with Siemens Mobility and Arab Contractors has signed a memorandum of understanding with the National Authority for Tunnels (NAT) to design, install and commission Egypt’s first high-speed rail network covering 1,000 km.
Oman’s Al Mazunah Free Zone is currently implementing Phase Two of its infrastructure development project (second package), which is about 88 per cent complete. Work is also under way in the design of a facility building, which is valued at more than RO3 million ($7.79 million) and is expected to be completed by mid-2022.
Bahrain International Airport officially launched operations at its new 207,000-sq-m passenger terminal at the end of last month, as work continues on the second phase of its expansion.
Khazaen, the newest integrated economic city of Oman, recently signed agreements with two firms who are setting up their operations at the new hub, an Oman Observer report said. The lease agreement with First Axis Company was signed to develop logistics and warehousing storage facilities for furniture and other products.
McDermott wins Qatar FEED deal McDermott International said it has been awarded a contract by Qatargas to deliver front-end engineering and design (FEED) work for Qatar Petroleum’s North Field South (NFS) project.
