The Arab Petroleum Investments Corporation (Apicorp), an energy-focused multilateral development financial institution, has partnered with the Islamic Development Bank (IsDB) to set up the Infra Initiative, a $1-billion private sector-focused infrastructure financing initiative.

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, is getting closer to realise the full potential of its ESG (Environmental, Social, and Governance) goals,  especially when it comes to waste management, with the Spent Pot Lining (SPL) Treatment Plant in full operational swing to produce HiCal, said a top official.

OQ, a national petroleum investment company of Oman, has officially inaugurated its first state-of-the-art liquefied petroleum gas (LPG) plant in Salalah, Southern Oman.

Kuwaiti authorities have given the go-ahead for the construction of a new airport in the northern part of the country, reported the state news agency Kuna.

The GCC construction market is estimated at $1.6 trillion, with over 21,000 active projects as of Q3 2021, mainly driven by Saudi Arabia and the UAE which dominated the project development scene, according to BNC Projects Journal. As per the latest Project Journal, Saudi Arabia and the UAE continue to lead project development.

Work is moving at a steady pace on the Bahrain International Exhibition and Convention Centre (BIECC) under construction in Sakhir and is on track for opening later this year, reported BNA, citing a senior minister.

Dayim Equipment Rental Company is pushing ahead with plans to launch a UAE operation hub in the second quarter of this year as part of its multimillion-dollar expansion programme across the region to meet the surging demand for its services in the equipment rental market.