Saudi Arabian dairy firm Almarai is interested in buying a majority stake in National Food Products Company (NFPC), four sources familiar with the matter told Reuters.
Leading waste management provider averda has won an international tender issued by the Bahraini government under which it will deliver waste management and sustainable solutions. A statement from the company said the solutions will be tailored to the kingdom’s specific needs.
Hamriyah Free Zone in Sharjah says it is progressing well towards becoming a growth engine of the local economy. The second largest industrial free zone in the UAE, it showcased its key facilities at the Big 5 Show held recently in Dubai, UAE.
Umm Al Auwain Free Trade Zone has so far registered and licensed 850 companies while infrastructure development on Phase 2 has begun. The government has allocated additional land of approximately 4 sq km which can be leased out to customers.
With 86 per cent of construction work at the King Abdul Aziz International Airport (KAIA) project in Jeddah completed, the airport is on track to start international operations by mid-2017, senior civil aviation officials have said.
Saudi Aramco has announced it is keen on utilising more products from the local market. It says it will double to 70 per cent the amount of goods and services it sources from the Saudi market by 2021 in line with its plans to spend $300 billion on its supply chain in the next 10 years.
Cyber security is a growing challenge for firms in the UAE and organisations need to be better prepared to ward off attacks, a KPMG 2015 UAE Cyber Security Survey has found.
Ducab, the cables manufacturer, has partnered with Jopetwil Industrial Company, a subsidiary of UAE-based Control Contracting and Trading Company (CCTC), for its first marine offshore project in Abu Dhabi. The jack-up barge ‘Jopetwil 300’ project will feature cables from Ducab’s MarineBICC product lines.
Saudi Basic Industries Corporation (Sabic) showcased its sustainability initiatives and new product range at the recently concluded Big 5 construction show in Dubai, UAE.
GE wins PDO deals GE Oil & Gas won two contracts from Petroleum Development Oman (PDO) for the supply, testing, installation and commissioning of a fleet of electric motor driven centrifugal compressors, according to a report.
Digital transformation initiatives adopted by organisations across Saudi Arabia to optimise costs and improve business process efficiencies will drive ICT spending in the kingdom to reach $35.9 billion in 2016, a report said.
The quest for water security took a step forward following the launch of a clean water alliance between Masdar, Abu Dhabi’s renewable energy company, France and other members of the International Desalination Association (IDA). H20 minus CO2 was set up during the COP21 UN climate meeting in Paris, France.
Emirates Central Cooling Systems Corporation (Empower) has said operations at its new district cooling plant in Business Bay, Dubai, are likely to begin in March. It said the Business Bay District Cooling Plant 3 (BB-3) project was moving smoothly and all the mechanical, electrical and plumbing (MEP) and civil structural works had been completed.
Qatar government is set to spend a whopping QR261 billion ($72 billion) on infrastructure development with special focus on transport, water, electricity and sewage besides a number of road expansion projects, said a report.
Saudi Arabia’s rising infrastructure in the residential, hospitality and retail segments will play a key role in driving the kingdom’s automation and control market to grow at a CAGR of 9.4 per cent during 2015-21, a report said.
A leading Saudi glass manufacturer has completed projects worth SR30 million ($7.99 million) across Saudi Arabia and Bahrain.
International Finance Corporation (IFC), a member of the World Bank Group, is investing in a 20 per cent equity stake in Egypt-based Sphinx Glass, to boost glass manufacturing in the region. Sphinx Glass is a subsidiary of Saudi-based Construction Products Holding Company (CPC).