BAHRAIN-based ship and rig repair specialist Asry’s expectations of greater business from European companies received a lift following talks with a visiting delegation from Belgium’s Euronav Shipping Company. The Euronav team was led by its chief executive Alex Staring and included its general manager for Greece Stamatis Bourboulis.
NEW ZEALAND’S niche industries including wood products for construction and architecture, health IT systems and agricultural production technology could broaden the dimension of the country’s offerings to the region now dominated by dairy and meat products, New Zealand’s regional trade official says.
DUBAI Airport Freezone Authority (Dafza) has announced it will begin work in the next few months on a new complex on plots belonging to Al Wasl Real Estate Corporation. Completion will occur within 21 months of start of work The latest expansion involves building light industrial units (LIUs) for companies operating out of the freezone.
ICD invests in Nigerian firm INVESTMENT Corp of Dubai (ICD), the emirate’s sovereign wealth fund, is investing $300 million in taking a minority stake in Nigeria’s largest cement manufacturer Dangote Cement, which is listed on the Nigeria Stock Exchange and part of the diversified conglomerate Dangote Group.
DUBAI plans to invest $20 billion in a range of power projects in a move to diversify the UAE emirate’s energy mix by 2030, a senior official said, reports Reuters. Dubai produces very little oil and relies on costly imports of gas to satisfy its growing energy consumption.
UAE-based Lamprell, specialist in rigs construction and a leading provider of diversified engineering and contracting services, has reported its revenues were up by $125.7 million in H1 2014 against H1 2013 as a result of high activity levels and phasing of construction activity during the period.
NEW York-based water technology firm Xylem has signed a $7.3-million contract with Bahrain’s Ministry of Works to upgrade a wastewater treatment facility in Manama. Xylem will design, install and commission an expansion and upgrade of the existing Wedeco ozone systems at the Tubli Water Pollution Control Centre (TWPCC).
THE establishment of Qatar Business Incubation Centre (QBIC), a project worth over QR100 million ($27.4 million) to encourage and support Qatari entrepreneurs in setting up businesses, was announced recently. It was also announced that under QBIC’s flagship Lean Startup programme more than 21 projects had been supported and launched.