In a landmark move for Bahrain, His Majesty King Hamad has ordered to fast-track housing projects to deliver 50,000 new units and enhance public services to meet citizens’ needs. The government also has allocated BD800 million ($2.
Globally cement prices are set to rise as tariffs on imports and carbon costs start reshaping the industry, according to World Cement Association (WCA), an international cement association representing the sector and its stakeholders. This bold prediction highlights the significant financial burden of decarbonisation on the industry.
There has been a marginal rise in the number of announced greenfield projects across the GCC in 2024, up one per cent to 1,830 from 1,813 the previous year with the growth being spearheaded by regional heavyweights – the Kingdom of Saudi Arabia and UAE, according to Emirates NBD Research.
Galfar Engineering, a multi-discipline engineering and construction company, has announced that it has begun work on the Izki-Nizwa road dualisation project in Oman. The project will see expansion of the existing road from Qaroot South Roundabout in Izki, passing through Birkat Al-Maouz, and ending at Farq in Nizwa.
Kooheji Development, a leading real estate developer in Bahrain and the region, has officially launched Lavira Villas, its first luxury residential project in Saudi Arabia. Located in the heart of Tharwa Town in Al Khobar, Lavira Villas redefines luxury living with 264 independent villas spread over 120,000 sq m.
GS Inima, a global leader in water treatment industry, has reached a significant milestone in its commitment to sustainable operations by executing a power purchase agreement (PPA) for the Barka 5 Photovoltaic (PV) Plant.
Oman’s Ministry of Housing and Urban Planning has announced a mega masterplan for the redevelopment of the sultanate’s second largest city, Salalah, covering 7.3 sq km.
Qatar General Electricity and Water Corporation (Kahramaa) and Qatar Electricity and Water Company (QEWC) have signed a power purchase agreement (PPA) for peak electricity generation units in Ras Abu Fontas Plant.
Indian engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its Power Transmission & Distribution (PT&D) vertical has secured power project orders – valued between Rs25 billion to Rs50 billion ($285 million to $571 million) – from Saudi Arabia and UAE.
