SPCC begins construction of new 5,000 tonne per day cement plant

The development of a new 5,000 tonne per day cement plant in the Jazan region of Saudi Arabia is underway according to...

Consultant

Tenable FEC to open office in Saudi following a significant increase in contracts won

Tenable Fire Engineering Consultancy (FEC) has secured over $1.73mn in projects in the first quarter of 2022. The fire and life safety...

Infrastructure

Tabreed reports net profit of $24mn for Q1, 2022

The National Central Cooling Company (Tabreed) has reported a net profit of US $24mn for the first quarter, up 3.1% over the...

Construction

Nakheel announces $326.7mn net profits for H1 2013

Nakheel, the Dubai real estate developer, has announced a net profit of $326.7 million for the first half of 2013, a 57%...

Construction

Al Jaber Group agrees terms on $4.5bn debt restructuring

[caption id="attachment_14453" align="aligncenter" width="240"] Mr Obeid Al Jaber, Chairman, Al Jaber Group.[/caption] RELATED ARTICLES: Gulf banks to maintain high debt issuance | Brave...

Construction

Shareholders approve Aldar – Sorouh merger

[caption id="attachment_14437" align="aligncenter" width="451"] Aldar and Sorouh shareholders have approved the merger of Abu Dhabi's largest real estate developers.[/caption] RELATED ARTICLES: Aldar...

Construction

Arabtec Holding MD denies increase of Aabar stake

[caption id="attachment_14365" align="aligncenter" width="475"] Aabar Investments has no plans of increasing its 21% stake in Arabtec Holdings, the MD of the construction...

Construction

Al Habtoor postpones IPO again

The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor has postponed the planned Initial Public Offering (IPO) of the Group,...

Construction

Arabtec buys 149.6m Depa shares

[caption id="attachment_12903" align="aligncenter" width="391"] Arabtec has bought 149.6 million shares in Depa.[/caption] RELATED ARTICLES: Arabtec Q3 revenue falls $81.7mn | Arabtec restarts work...