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Alkhorayef secures $458m Al Ahsa sewage plant maintenance contractSaudi-based Alkhorayef Water and Power Technologies Company has announced the signing of long-term operation and maintenance (O&M) contracts with National Water Company (NWC) for sewage treatment plants as part of Package 7 Al Ahsa city. As per the contrac More… |
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EGA acquires top European speciality foundry LeichtmetallThe Emirati group had in March announced its intention to acquire Leichtmetall from Leichtmetall Holding, a subsidiary of an investment fund managed by Quantum Capital Partners. The transaction has now cleared all required regulatory approvals and closin More… |
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Bluewater Bio wins Bahrain wastewater plant upgrade dealBluewater Bio, one of the fastest growing water technology companies in Europe, has secured a major contract to provide EPC (engineering, procurement and construction) services as well as technology supply for the upgrade of the North Sitra wastewater treatment plant in Bahrain. More… |
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Bahrain floats tender for Hawar SWRO desal plantBahrain's Electricity and Water Authority (EWA) has floated a tender for the construction of a new seawater reverse osmosis (SWRO) desalination plant on the Hawar Island off the southeastern coast of the kingdom. The New Hawar SWRO desalination Plant More… |
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Dubai group unveils $1bn RAK beach residences towerDubai-based AARK Developers has announced the launch of Sora Beach Residences, a first-of-its-kind high-rise tower on Al Marjan Island in Ras Al Khaimah, being built at an investment of AED4 billion ($1.08 billion). Standing tall with 18 floors, the property&r More… |
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NMDC records solid net profit in Q1, revenue soars to $1.4bnNMDC Group, a leader in engineering, procurement, construction and marine dredging, has reported solid growth for the first quarter with a 112% increase in net profit which rose to AED641 million ($174 million) from last year's figure of AED303 million ($82.4 million) effectively do More… |
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Tecom Q1 net rises 15% to $79m, occupancy at recordTecom Group, the creator of specialised business districts and vibrant communities, has posted 15% year-on year (YoY) rise in net profit to AED290 million ($79 million) for the first quarter as occupancy levels hit historic levels at 91%. Following recor More… |
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MEA fit-out costs resilient; marginal 3pc growth seen: JLLWhile average fit-out costs across global markets have risen significantly year-on-year amid ongoing cost challenges and a complex macroeconomic environment, the construction sector in the Middle East and Africa (MEA) has distinguished itself with its continued resilience, marking an average More… |
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Geberit celebrates 150 years of innovation and sustainabilityGeberit, the European leader in sanitary products and systems, commemorated a significant milestone as it celebrated its 150th anniversary, a testament to its enduring legacy of innovation and pivotal role in shaping the landscape of sanitary technology globally More… |
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Egis takes over British property consultancy Thomas & AdamsonEgis, a leading global architectural, advisory, consulting, construction engineering and operating firm, has announced the strategic acquisition of Thomas & Adamson, a renowned property and construction cost and project management consultancy headquartered in Edinburgh, UK. & More… |
