Oman’s Rakiza receives capital commitment of $298mn from Saudi’s PIF

The fund focuses on investing in renewables, power and water, social infrastructure projects, telecoms, transport and logistics sectors. Rakiza, the Omani private...

Dar Al Arkan eyes aggressive regional and international expansion

Ziad El Chaar, Vice Chairman of Dar Al Arkan tells Big Project ME that the hugely successful first half of the year...

Najran Cement Company sees fall in profits for Q2 2022

Cement volume for the period was impacted by lower construction activity, though the report highlighted the feeling that the cement volume fall...

KSA’s Arriyadh Development Company sees 60% decrease in net profits for Q2 2022

The decrease was mainly attributed to a 70% reduction in income from subsidiary Tanal. Saudi Arabia’s Arriyadh Development Company said that it...

UAE’s Masdar backs flagship Azerbaijan project with $21.4m financing

Investment is a further spur to the Caucasus nation’s growing transition from fossil fuels. Masdar Azerbaijan Energy LLC (MAE) has signed a...

ALEC steps up digital construction focus, earns BIM Kitemark certification

In addition to investing in solutions and technology, the firm is also committed to upskilling staff and has appointed a Digital Construction...

MYCRANE adds new crane types for short-term rental market

Boom trucks, hydraulic gantry systems, mini cranes and aerial platforms have all been added to the online platform. Dubai-based MYCRANE has added...

Acciona Cultura completes exhibition implementation of four pavilions at Al Shindagha Museum

Covering an area of 35,000sqm, Al Shindagha Museum will display large collections with pieces of great historical and cultural value in an...

Hitachi Construction Machinery marks 45 years with Al Fairuz Trading and Contracting Co.

Hitachi Excavator is a popular brand in Oman today with Al Fairuz Trading & Contracting Co. LLC being one of the company’s...

CRTKL works with Cairo Children’s Cancer Hospital Egypt to expand capacities and facilities

Project will triple CCHE’s bed capacity and will include the development of a 67,000sqm outpatient facility. CRTKL has said it is working...

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