KSA puts financing plans for Riyadh Airport expansion on hold

Banking sources claim that plans have been put on hold as other projects prioritised. Saudi Arabia has put on hold financing plans...

Alstom reaffirms commitment to developing sustainable transport systems in Saudi Arabia

Firm says Hesop technology will cut about three million kg of carbon emissions and decrease power consumption by 6.6m kilowatts per annum...

Bank Nizwa signs financing agreement for Omani campus of Arab Open University

Oman’s Ministry of Housing has allocated a 37,850sqm plot of land in South Al Mabela. Bank Nizwa, a leading Islamic bank in...

Global facades sector to hit $376bn by 2026 – report

Polaris Market Research says that sector will see consistent growth of 7.8% CAGR over the next five years. The global facades sector...

FPT Industrial’s Cursor X engine concept wins 2020 Good Design Award

Engine recognised for capability of using multiple energy sources to serve various application needs. Engine-maker FPT Industrial’s Cursor X modular, multi-power multi-application...

Saudi Prince reveals ‘revolutionary’ hyper-connected communities concept for Neom mega-development

The Line is a 170-km linear development of hyper-connected AI-enabled communities powered by 100% clean energy. Saudi Arabia's Crown Prince HRH Muhammad...

McDermott wins FEED contract for Qatargas NFS project

Engineering firm has worked on Qatar’s Noth Field for more than 30 years. Qatargas has awarded McDermott International a front-end engineering and...

Emirates Steel, Khalifa University sign MoU to promote collaboration in R&D

Entities will form a Scientific Committee to look at potential sponsored research programmes related to Emirates Steel’s core business. Emirates Steel has...