Majid Al Futtaim secures sustainability-linked loan for $1.25bn

Mall and leisure specialist Majid Al Futtaim has inked its second sustainability-linked loan (SLL), which has been structured as a US $1.25bn...

Sustainability

Saudi ministry pledges US $1mn to Maasai Wilderness Conservation Trust on behalf of Edward Norton

Saudi Arabia’s Ministry of Tourism has pledged a US $1mn donation to support the work of the Maasai Wilderness Conservation Trust in...

Property

Rawasi Real Estate unveils high-end sustainable community in Fujairah

Fujairah developer Rawasi Real Estate has unveiled what’s billed as a high-end sustainable community project in the emirate. Naseem Al Bahar Villas...

Machinery

Hamm presents its first fully electric battery-driven tandem rollers

Hamm has presented eight fully electric battery-driven tandem rollers in the compact class. Four of the e-models are fitted with oscillation drums,...

Construction

MoU between Partanna and Red Sea Global will see firms explore carbon-negative concrete developments

A memorandum of understanding (MoU) has been signed by carbon negative concrete pioneer Partanna with Saudi-based developer Red Sea Global. The MoU...

Construction

Red Sea Wind Energy breaks ground on new 500MW wind farm in Egypt

The groundbreaking ceremony for a new 500MW Build-Own-Operate (BOO) Wind Farm near Ras Ghareb, Egypt was held by Red Sea Wind Energy...

Operations & Maintenance

Emrill achieves over 30m safe man-hours in 2022 and announces new HSEQ Head

Emrill has achieved over 30m safe man-hours without lost-time injury (LTI) to date in 2022 across its 190 plus contracts. The firm...

Infrastructure

TRSDC confirms daa International as operator of Red Sea International airport

The Red Sea Development Company (TRSDC) has confirmed daa International as the operator at Red Sea International (RSI), which is on track...

Construction

Egis and GV Developments to develop 109mn sqm Tarboul Industrial City in Egypt

Egyptian real estate developer GV Developments has signed an MoU with Egis for the development of Tarboul Industrial City in Giza, Egypt....

Construction

A new hospitality benchmark rises in Qatar

Located within the $45bn Lusail City development spanning 38sqkm across four islands, the Rosewood Doha is the Middle East’s new ultra-luxury destination....