BAHRAIN has announced the opening of the Muharraq Ring Road, one of the kingdom’s largest strategic road projects. The project is part of the government’s broader plan to improve connectivity between Muharraq and the capital through the upcoming fourth bridge, reported the Bahrain News Agency (BNA).
BAHRAIN Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), has signed a 15-year loan agreement with Bank of Bahrain and Kuwait (BBK) for further development of the Express Cargo Village, a major project at Bahrain International Airport.
BAHRAIN’S Ministry of Housing and Urban Planning has announced that work is starting on 372 new residential units being developed as part of Phase One of Khalifa City project.
KUWAIT National Petroleum Company (KNPC) has announced that five leading companies have submitted their bids for the construction of a new Local Marketing Depot at Matlaa in the north of Kuwait. Of these five, Consolidated Contractors Group SAL – Offshore (CCC) has emerged as the lowest bidder with a figure of KD357.2 million ($1.
INDIA’S top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its Power Transmission & Distribution (PT&D) vertical has secured major orders – valued between Rs25 billion and Rs50 billion ($292 million to $583 million) – from its prime GCC market including Saudi Arabia, UAE and Kuwa
BAHRAIN Car Parks Company (Amakin) has announced the ground-breaking for a multi-storey car-park facility as part of Phase II of Sa’ada Project in Muharraq. With a total built-up area of 21,000 sq m, the Amakin-Pearls will feature over 400 parking lots for visitors to Shaikh Hamad Road, reported BNA.
OMAN has allocated funds for its prime tourism and infrastructure projects such as Oman Cultural Complex, Oman Botanic Garden as well as Phase One of Sultan Haitham City (SHC) in its 2025 budget.
SOUTH Korean infrastructure majors including Samsung E&A, GS Engineering and Hyundai, have secured overseas contracts worth $34 billion in 2024 for industrial plant construction in 2024, the highest amount in nearly 10 years, reported Yonhap citing senior Ministry of Trade, Industry and Energy officials.
