Red Sea Gate Terminal invests $1.7 bn for the expansion of Jeddah Islamic Port

Saudi-based Red Sea Gate Terminal (RSGT) has announced its plan to invest in the Jeddah Islamic Port expansion, to help boost its...

Construction

Saudi Arabia to build two petrochemicals units for $1.8 billion

Saudi Arabia’s Advanced Petrochemical Company has announced that it has signed a deal with South Korea’s SK Gas to set up two...

Construction

Germany’s Vossloh wins Etihad Rail contract for phase two

Vossloh has announced that it has won a contract to supply rail fasteners and turnouts for Package 2A of the UAE's integrated...

Construction

Coronavirus: Saudi Arabia imposes 21-day curfew amid coronavirus outbreak

Saudi Arabia's King Salman bin Abdulaziz Al Saud has issued a royal order enforcing curfew in the kingdom from 7 pm to...

Sustainability

Abdul Latif Jameel Energy to supply clean energy in Australia

Fotowatio Renewable Ventures (FRV) has announced that it has signed an agreement with Snowy Hydro, a major electricity generation and retailing company...

Construction

Eversendai announces $116mn worth of projects in MENA region

Eversendai Corporation, the Malaysian engineering and construction firm, has announced that it has secured projects worth $116 million in the Middle East...

Construction

Cisco signs multi-million dollar agreement with TRSDC for smart services platform

Cisco has announced that it has signed a multi-million dollar advisory agreement with The Red Sea Development Company (TRSDC) to design a...

Construction

Saudi contractor Salem Belhamer GC expects 25% to 30% growth rate in coming years

Salem Balhamer General Contracting Company, the Saudi-based contractor, has announced it has registered a 7% growth in the 2019-2020 financial year, and...

Construction

Investments in mega projects in GCC hit $1 trillion, says Strategy& ME report

Gulf Cooperation Council (GCC) countries have planned almost $1 trillion of investment in megaprojects, as they look to transform economically and socially,...