Wednesday, August 21, 2019
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Infrastructure

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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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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Hyflux in Talks With Middle East’s Utico for S$400 Million Funds

(Bloomberg) -- Singapore’s Hyflux Ltd., the water and power company battling for survival, said it is in talks with Middle Eastern utility Utico FZC about...
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Drake & Scull Reports $1.23 Billion Loss; Fires CEO, CFO

(Bloomberg) -- Drake & Scull International fired its chief executive officer, chief financial officer and chief legal officer as the Dubai-based contracting and engineering...
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Saudi Arabia’s Long-Delayed Banking Hub Gets a Trendy Makeover

There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is...
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Saudi Launches $23bn Riyadh Beautification Program

(Bloomberg) -- Saudi Arabia plans to pour 86 billion riyals ($23 billion) into beautifying its capital, Riyadh, with projects expected to create tens of thousands...
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Can Oil Reinvent Itself? Shell’s Power Push Divides Investors

(Bloomberg) -- When a few hundred Royal Dutch Shell Plc shareholders piled into a Methodist church in Westminster for their 2018 annual meeting, they...
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Saudi Arabia Follows Abu Dhabi to Invest in India Infrastructure

Saudi Arabia is considering investing in India’s infrastructure fund as the kingdom’s crown prince plans his debut visit to the South Asian nation next...
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