Monday, August 19, 2019

Qatar’s $200 Billion Dash to World Cup Hits a Construction Cliff

(Bloomberg) -- Qatar is experiencing economic whiplash as it winds down $200 billion of infrastructure works to prepare for the 2022 soccer World Cup.Construction shrank 1.2% from...
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U.A.E. Rail Operator Seeks Adviser to Raise Up to $3 Billion

(Bloomberg) -- Etihad Rail PJSC is seeking a financial adviser to raise as much as $3 billion to build the second stage of a rail...
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UAE’s Al Jaber Agrees to Second Restructuring of $1.5 Billion

Al Jaber Group, a family-owned business in Abu Dhabi, agreed with banks to restructure $1.5 billion of debt for a second time after sluggish...
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Oman-Saudi Road: Paving a Lucrative Path

Oman and Saudi Arabia had joined forces to construct a road that connects the two countries together directly. Set to open soon, the road...
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Knowledge Oasis Muscat to get its sixth building

Shumookh Investment and Services Company, the investment arm of the Public Establishment for Industrial Estates – Madayn has announced a tender for construction of...
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Oman’s Big – Little India Project

Oman has a long history of hosting expats with open arms and a relatively liberal reign. Considered one of the friendliest Middle Eastern countries,...
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3 Upcoming Construction Projects in Oman to Watch Out For

Oman has undoubtedly experienced a few tough years in the construction and infrastructure sector. As cited in the Deloitte GCC Powers of Construction 2018...
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Petrofac-PDO 10-year Framework Contract Surpasses US $450 million

In 2017, UK-based engineering mammoth, Petrofac signed a long-term Framework Agreement with Petroleum Development Oman (PDO). The agreement was 10-year long with an additional...
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Samail Industrial City to get new facility

The foundation stone for the administration and facility building at Samail Industrial City, which comes under the ambit of the Public Establishment for Industrial...
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Seminar held on “New Technologies in Fire Fighting”

Technical Trading Company LLC and Angus Fire Company (UK) held a special product presentation seminar on “New Technologies in Fire Fighting,” in Muscat recently.Organised...
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