Monday, October 14, 2019

Saudi Arabia Awards Contracts for Megacity Neom’s Worker Housing

(Bloomberg) -- Saudi Arabia has awarded to two Saudi firms contracts to build worker housing for its futuristic mega-city called Neom, as plans for...
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Dubai Halts Mega-Airport Project as Gulf Economies Stumble

Work on Dubai’s Al Maktoum airport, designed to be one of the world’s biggest with an annual capacity of more than 250 million passengers,...
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Galfar Bags $24mn Construction Contract for Khazaen Economic City

Oman’s Galfar Engineering & Contracting has been awarded the first construction contract for Khazaen Economic City, stated a media release. This is the first...
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Saudi Arabia’s Red Sea Development Seeks to Raise $3.5 Billion

(Bloomberg) -- The firm that’s transforming an archipelago, desert and mountains -- an area about the size of Belgium -- on Saudi Arabia’s Red...
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XMG introduces heavy machinery series specifically for the Middle East

XCMG, a well-known Chinese multinational heavy machinery manufacturer, launched its new product line up catering to the Middle East market at a function in...
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Galfar awarded subcontract worth US$16mn for work in Ras Markaz crude...

Galfar Engineering & Contracting, Oman’s largest multi-disciplined engineering, contracting and construction company, has recently been awarded a sub-contract for US$16mn from China Petroleum Pipeline...
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Logistics giant Panalpina sets up office in Oman

Panalpina, an international freight forwarding and logistics company based in Switzerland, is soon planning to set foot in Oman with its office opening in...
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Raysut Industrial City received 32 investment applications during first half of...

Raysut Industrial City received a total of 32 investment applications of commercial, industrial, and service activities during the first half of this year, according...
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First polyethylene pipe factory launched in Oman’s Duqm SEZ

Duqm Hongtong Pipes Company, a Chinese-Omani partnership, held the ground-breaking ceremony of the Sultanate’s first factory for manufacturing Reinforced Thermopolyethlene Pipes at the Special...
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Industry Insights: Oman’s Infrastructure Development 2019

The Sultanate is considered as one of the fastest growing countries when it comes to infrastructure. Due to the flourishing construction industry, it has...
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