Aluminium Bahrain (Alba) announced the launch of Phase 2 of Project Titan, its cost-reduction programme aimed at reducing cash costs by $100 per tonne of aluminium and stepping up production capacity to 1 million tonnes by the end of 2017.
Oman Drydock Company (ODC) and the UK’s Babcock International Group (BIG), a leading engineering support services company, have signed a memorandum of understanding (MoU) aimed at jointly developing a naval capability in Duqm, Oman.
Saudi-based alfanar group is said to be close to finalising procedures for the acquisition of Germany-based Heinrich Kopp from Luxembourg-based private equity fund Palero Invest. The move comes in line with alfanar’s strategy to strengthen and expand its global presence.
Emirates Central Cooling Systems Corporation (Empower), which recently was awarded the Dubai Chamber Corporate Social Responsibility (CSR) Label, has held discussions with Johnson Controls International on its requirements for district cooling equipment.
Dubai-based Emirates Global Aluminium (EGA) and the Austrian company Hertwich Engineering (HE) recently celebrated the 25th anniversary of their partnership.
Bahrain-based Investcorp has reached an agreement with US-based Alpine Investors to acquire The Wrench Group, a leading provider of essential home maintenance and repair services.
Qatar Solar Technologies (QSTec) has said construction work at its polysilicon plant, the largest in the Middle East and North Africa (Mena) region, is in the final stages and will roll out later this year at Ras Laffan Industrial City.
Qatar's Public Works Authority (Ashghal) has signed a memorandum of understanding (MoU) with Qatar Development Bank (QDB) to support small and medium-sized enterprises (SMEs) in the country.
Saudi Arabia is intensifying its industrialisation drive in a new initiative to reduce reliance on oil income. The kingdom already hosts a series of industrial and economic cities but now the focus is on areas in the vicinity of airports for development as free zones.
A new venture to produce titanium sponge and which includes Saudi Arabia’s National Industrialisation Co (Tasnee) will launch commercial operations in the second half of 2017, Tasnee announced.
Zamil Steel Construction Company (ZSCC), a subsidiary of Zamil Industrial Investment Co (Zamil Industrial), has been awarded a new contract worth SR31.7 million ($8.5 million) by the Saudi Calcined Petroleum Coke Co (SCPC), ZSCC announced. ZSCC will erect steel buildings for the company’s new warehouse in the eastern region of Saudi Arabia.
Three new solar PV plants have been installed in the Pacific nation of Vanuatu under the United Arab Emirates-Pacific Partnership Fund (UAE-PPF), the fund announced. It said the development marked a new milestone for an imaginative and innovative initiative that has captured international attention with its potential for developing countries.
An agreement signed by Mubadala Development, the Abu Dhabi-based investment and development firm, and Boeing calls for greater collaboration on R&D initatives for expanding aerospace manufacturing capabilities.
UAE-based Al Rawabi, a leading producer of dairy products and juices, has announced it will invest Dh80 million ($21.7 million) to boost its profile from the production and marketing standpoints. Some of the investment will go into building a new production unit to raise output levels and create new products, it said.
Dubai Electricity and Water Authority (Dewa) has announced plans to build 64 new power stations over the next three years at an investment of Dh6.7 billion ($1.82 billion), said a report.
Exova, Ma’aden sign deal Exova, a leading global testing, calibration and advisory services provider, has signed a three-year framework agreement with Saudi Arabian Mining Company (Ma’aden) to provide environmental monitoring services across the kingdom.