Saturday 5 July 2025
 
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Saudi Aramco eyes $4bn from major power assets sale

Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars.   The potential sale of four

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Jingdong JV to set up logistics hub at Abu Dhabi Airports Free Zone

Abu Dhabi Airports has announced a strategic joint venture with Jingdong Property (JDP), the infrastructure arm of global e-commerce leader JD, to develop and operate advanced logistics facilities within the Abu Dhabi Airports Free Zone.   The strategic partners

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Japanese crane company Tadano buys IHI's transportation business

Japanese truck manufacturer Tadano has announced the successful completion of its acquisition of the transportation system business of IHI Transport Machinery Company, a consolidated subsidiary of IHI Corporation.    IHI Transport Machinery’s transpor

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COBOD celebrates global premiere of multifunctional construction robot

COBOD International, in collaboration with the Technische Universität Braunschweig, has introduced the first commercially available multifunctional construction robot.    Built on COBOD’s 3D construction printing technology, the jointly developed

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Four top firms in race for $5bn Qatar offshore megaproject

At least four leading international contractors or consortia are vying for a major contract from QatarEnergy LNG (formerly Qatargas) worth upto $5 billion for the next expansion phase of its massive North Field Production Sustainability (NFPS) project, which envisages maintaining the producti

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Marubeni consortium inks deal for $458m Yanbu wind energy project

Saudi Principal Buyer has announced that it has signed a power purchase agreement (PPA) with a consortium of Japanese group Marubeni Corporation and Abdulaziz Al Ajlan For Commercial and Real Estate Investment (Ajlan & Bros) for the 700MW Yanbu Wind Energy project.  

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Gamezop to set up regional headquarters in Bahrain

Gamezop, one of the world’s leading gamification platforms, has announced plans to set up its regional headquarters in Bahrain as part of its broader plans to expand into the rapidly growing Middle Eastern digital landscape.   Gamezop's mov

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Google rolls out powerful video generation model Veo 3 in Mena

Google today (July 3) announced the launch of Veo 3, its video generation model that enables people to bring their creative vision to life through a mesmerising combination of visuals and sound.   Veo 3 is now accessible to all Google AI Pro subscrib

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Geodis completes transport of three floating wind foundations

Geodis, a global eader in transport and logistics sector, has announced that it has successfully completed a major operation in partnership with Eiffage Metal for the transport and float-off of three floating substructures of 2,500 tonnes in Fos-sur-Mer (France). 

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Mawani breaks ground on 17-km Jeddah Port logistics corridor

Saudi Ports Authority (Mawani) has laid the foundation stone for a logistics corridor connecting Jeddah Islamic Port to the Al Khumrah Logistics Park. It stretches 17km long and includes two lanes in each direction.   For the key project, a total of 12 bridges w

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