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Sepco3 awards EPC contract for 700MW Yanbu Wind projectShandong Electric Power Construction Corporation No. 3 (Sepco3), a subsidiary of China Electric Power Construction Corporation has awarded the EPC contract for the 700MW Yanbu Wind Energy Project. The agreement for Yanbu (YAN) wind power project was signed wit More… |
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Al Futtaim to acquire $666m stake in Saudi retail group CenomiLeading UAE business conglomerate Al Futtaim today (July 20) announced that it has agreed to buy a major stake in Cenomi Retail, Saudi Arabia’s leading retail brand partner, in a deal worth SAR2.5 billion ($666 million). Pursuant to the share purchase ag More… |
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NIDLP drives Saudi non-oil GDP growth; hits $263bn in 2024The National Industrial Development and Logistics Program (NIDLP) continues to be a cornerstone of Saudi Vision 2030, demonstrating exceptional performance in driving economic prosperity and diversification. Launched in early 2019, NIDLP integrates four strate More… |
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KBR secures EPCM contract renewal with Basra Oil CompanyGlobal engineering company KBR has announced that it has secured the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon Oil Field for an additional two years. Under the contract, KB More… |
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Mammoet helps Liebherr ship STS cranes to Spanish portMammoet said the Port of Valencia took delivery of the two Liebherr ship-to-shore container cranes in large, preassembled components, for integration on site. Minimum disruption was witnessed during the assembly process at the Port of Valencia, it stated. Buil More… |
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KBR wins Feed contract for ammonia plant in IraqGlobal engineering company KBR has announced that it has secured a front-end engineering design (FEED) contract from KAR Electrical Power Production Trading (KEPPT) for an ammonia and urea production plant located in Iraqi city of Basra. On completion, t More… |
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Shell Catalysts, Technip Energies forge global alliance agreementShell Catalysts & Technologies and Technip Energies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture solution using Shell’s Cansolv CO₂ Capture System. The alliance More… |
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Global hotel pipeline robust in Q2, Mideast and Africa lag behindThe global hotel development activity increased across most regions during the second quarter, with notable gains in Asia Pacific and Europe, according to new data from real estate analytics firm CoStar. However, the Middle East and Africa lagged behind. The M More… |
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Johnson Controls–Hitachi win Egypt high-speed rail contractJohnson Controls–Hitachi Air Conditioning Middle East and Africa, in partnership with Elsewedy Machinery, has been awarded a major HVAC contract for Egypt’s flagship High-Speed Rail (HSR) project - a national infrastructure milestone that links major cities and ports and sets new More… |
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Dubai South launches multiuser facilities to boost logistics growthDubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, has announced the launch of state-of-the-art multiuser facilities at the Logistics District. Spanning a built-up area of 215,278 sq. ft., the new f More… |
