Saudi Aramco acquires key stake in Hyundai Oilbank

The acquisition was made for $1.2 billion from Hyundai Heavy Industries Holding. Saudi Aramco has announced that it has acquired a 17...

Fujairah Terminals takes delivery of two new quay cranes

New cranes will provide the capability to handle close to an additional 500,000TEUs . Fujairah Terminals has received two new quay cranes...

Nakheel opens second hotel at Dragon City in Dubai

Premier Inn Dragon City is developer’s fourth hotel and marks a key milestone its hospitality business strategy for the region. Nakheel, the...

AMEA Power signs PPA with EETC for 200MW solar PV project and 500MW wind power project

Power plants will be able to supply power to approximately 830,000 homes. AMEA Power, a subsidiary of Al Nowais Investments (ANI), has...

Topcon launches GTL-1000 scanning robotic total station to accelerate real-time on-site construction verification

The GTL-1000’s robotic total station and laser scanner work in tandem to speed up construction and reduce costs. Topcon has launched the...

Marriott International signs agreement to open W Hotel in Egypt

Expected to open in 2024, W Cairo will be Cairo’s first W hotel brand . Marriott International has entered into an agreement...

Oman set to award contract for solar-diesel hybrid project

Prequalified applicants must submit the bid for all 11 sites, said a senior official from Tanweer. Tanweer, Oman’s Rural Areas Electricity Company,...

AESG launches ‘Pathway to Net Zero’ design tool

Move is part of the firm’s commitment to furthering the net zero agenda . AESG has launched a new ‘Pathway to Net...

Havelock One completes fit-out of VOX Cinemas at Nakheel Mall

Firm has completed six cinemas under the VOX Cinemas brand across the GCC to date. Havelock One has announced the completion of...

Shurooq launches $25.8mn redevelopment project for Khorfakkan Beach

First-of-its-kind project inaugurated by HH Dr Sheikh Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Sharjah Investment and...