Monday 31 March 2025
 
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Korean builder GS E&C lands $1.7bn Oman desal plant contract

South Korean builder GS Engineering & Construction Company has announced that one of its key units has secured a 2.4 trillion-won ($1.7 billion) contract from Oman government to build a desalination facility in the sultanate, reported

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Chinese builder wins $1.1bn Kuwaiti residential project

Kuwait's Public Authority for Housing Welfare (PAHW) has awarded contracts worth KD345 million ($1.1 billion) to Chinese construction and engineering company Gezhouba Group for the construction and maintenance of its South Saad Al Abdullah

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S African builder Murray & Roberts to quit Middle East

Murray & Roberts, a leading South Africa-based construction, engineering and mining contractor, is set to quit its Middle East operations after failing to sell them during its disposal of infrastructure and building business, said a report.

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Korean builder SK wins $3.6bn Iran power projects

Korean builder SK Engineering & Construction has clinched a 4.1 trillion won ($3.6 billion) contract to build and operate five new power plants in Iran, according to a report. Under this deal, SK E&C will start building a

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Korean builder SK wins $3.6bn Iran power projects

Korean builder SK Engineering & Construction has clinched a 4.1 trillion won ($3.6 billion) contract to build and operate five new power plants in Iran, according to a report. Under this deal, SK E&C will start building a

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Arabtec eyes $408m rights issue as 2016 loss widens

Arabtec Holding, a leading construction company in the Middle East, is planning to raise Dh1.5 billion ($408 million) from a rights issue after posting a second yearly loss in 2016, according to a report. This has widened to Dh3.4

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No material news to affect share price: Arabtec

Dubai-listed builder Arabtec said on Tuesday that there was no material news, either technical or operational, to affect its share price. In a brief statement to the bourse, the company made no further comment. The

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No material news to affect share price: Arabtec

Dubai-listed builder Arabtec said on Tuesday that there was no material news, either technical or operational, to affect its share price. In a brief statement to the bourse, the company made no further comment. The

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Arabtec swings to Q3 net loss

Dubai-listed builder Arabtec swung to a net loss of Dh944.8 million ($257.3 million) in the three months to September 30, it said in a statement to Dubai's bourse. This compares with a profit of Dh68.7 million in the correspon

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Bahraini woman eyes top bodybuilding contest

A Bahraini woman is blazing a trail to become the country’s first female professional bodybuilder. Haifa Al Musawi, 32, has set her sights on winning a women’s title in Mr Olympia – one of the most prestigious co

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