Bahraini officials said work is moving at a steady pace on the East Sitra Town project, which once completed, will be home to 3,000 residential units.
The GCC construction market is estimated at $2.2 trillion, with over 22,000 active projects as of Q1 2021, according to a new report by BNC Network. Of this, around $35.6 billion worth of new schemes were announced in Q1, which already amounts to 55 per cent of the total announcements in 2020, it added.
GE Gas Power has announced the opening of the Samawa Power Plant in the Iraqi governorate of Al Muthanna. The company had led the construction of the Samawa Power Plant, which is the first new utility-scale power facility to be built in the governorate since 1975. It was inaugurated by Prime Minister of Iraq Mustafa Al Kadhimi.
Hotel development across the Middle East and Africa (MEA) has slowed for more than a year, with hotel construction in the region declining almost two per cent during the first quarter of 2021, according to hospitality data analyst STR.
The produced water treatment sector is likely to expand considerably over the next 10 years with its market value set to hit $187.4 billion by 2031, according to a report by Transparency Market Research (TMR). Produced water is the reservoir water that is produced along with the oil and gas phase.
Dirk Bontridder is set to take over the reins at Reynaers Group as its new CEO/Managing Director, from May 3, with responsibility for the day-to-day management and the development of the family business’ strategy.
Kuwait is set to float tenders for South Sabah Al Ahmad City, a major residential project, later this year after getting all the necessary approvals, reported Arab Times, citing Minister of State for Municipal Affairs and Minister of State for Housing and Urban Development Shaya Abdurrahman Ahmed Al Shaya.
Armstrong Fluid Technology, a leading manufacturer of intelligent flow equipment, including pumps, valves, heat exchangers and control solutions, has announced a limited time offer in the GCC. Customers can now enjoy a free trial of Pump Manager, its intelligent pump performance management technology.
