Tuesday, October 15, 2019

A versatile businessman

Hassan bin Ali Salman, chairman of Al Hassan Group of Companies, who passed away on January 23, was a respected figure in Oman’s business world. A versatile entrepreneur, Hassan...
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Larsen & Toubro wins major contract in Oman

India’s construction conglomerate Larsen & Toubro said it has secured a major construction contract valued at Rs.4.3bn ($67mn) for a residential project in Oman....
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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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Arabtec Surges Amid Talks to Combine With Abu Dhabi’s Trojan

(Bloomberg) -- Arabtec Holding shares soared in Dubai after the company started talks to merge with Abu Dhabi-based Trojan Holding.The stock advanced as much...
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‘I’m a Scapegoat,’ Says Former CEO of Dubai Construction Firm

(Bloomberg) -- The former chief executive officer of Drake & Scull International said the company’s accusations of financial violations against him are an attempt...
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Saudi Arabia Eyes $2.7 Billion in Contracts for Red Sea Project

(Bloomberg) -- The company behind a major tourism destination on Saudi Arabia’s Red Sea coast that will include an archipelago of more than 90...
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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 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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