APC signs agreement with SK Gas to build two new petrochemical facilities at a cost of $1.8bn

License agreements have also been signed with several firms for the procurement of necessary technology at the plants . Saudi-based Advanced Petrochemical...

Target Engineering awarded two contracts worth $57m

The firm is a wholly owned subsidiary of Arabtec Holding.. Target Engineering has won two key contracts worth $57m for projects in...

Arabtec restructures team, appoint new chief executive officer

Arabtec has appointed Wail Farsakh as chief executive officer and Najeh Awad as chief financial officer. Arabtec Holding has promoted its group...

Abu Dhabi National Energy Company in talks with ADPower for purchase of assets

TAQA’s board of directors have approved to acquire most of ADPower’s water and electricity assets. TAQA (Abu Dhabi National Energy Company) has...

KNPC completes biofuels project in Kuwait

The cost of the biofuels project has reached $14.7bn according to Abdullah Al Ajmi, deputy CEO for projects at KNPC. Kuwait National...

Coronavirus: EETC delays tender offer for electricity interconnection line with KSA due to COVID-19 pandemic

Postponement is the third so far, following two earlier delays due to changes in the line course because of Neom project in...

Tabreed acquires 80% stake in Emaar’s Downtown Dubai district cooling business for $675mn

Transaction increases Tabreed’s presence in Dubai to 278801RT, with total capacity increased to 12.6% . The UAE-based National Central Cooling Company (Tabreed)...