October 19th, 2018 | 0 comments Saudi Steel Pipe Company (SSP) on Thursday announced winning an SAR 60 million ($15.99 million) contract from Saudi Arabian Oil Co “Aramco”. Under the deal signed on Thursday, SSP will supply 30 inches OCTG pipes to Aramco, it said in a statement to the Saudi Stock Exchange (Tadawul). Production of the OCTG pipes will commence in the sec...
October 18th, 2018 | 0 commentsAbu Dhabi General Services Company (Musanada) has executed the construction works of building two schools at a total value of AED 288 million. Mohammed bin Zayed school in Abu Dhabi and Jebel Hafeet in Al Ain city in the UAE are being built on a total land space of 117,000 square metres, according to a statement on Wednesday. The two scho...
October 18th, 2018 | 0 commentsUnited Development Company (UDC) on Wednesday reported a profit decline during the third quarter of 2018. Net profits amounted to QAR 358 million in Q3-18, compared to QAR 436 million in Q3-17, according to a filing to the Qatar Stock Exchange (QSE). Earnings per Share (EPS) amounted to QR 1.09 for the three-month period ended September,...
October 18th, 2018 | 0 commentsThe Public Works Authority “Ashghal” has signed five construction contracts for planned infrastructure and citizens’ sub-divisions projects in different areas. The projects’ total value amounted to QAR 2.7 billion, and they will serve around 5,195 land plots, according to Ashghal’s recent statement. “We are proud that all contractors that...
October 18th, 2018 | 0 commentsEgyptian Chemical Industries (Kima) has completed about 90% of KIMA 2 facility for ammonia and urea production in Aswan. KIMA 2 facility is being constructed with over EGP 11 billion in investments, the company said in a filing to the Egyptian Exchange (EGX) on Wednesday. In August, Kima announced that it achieved about 88% of KIMA 2 proj...
October 17th, 2018 | 0 commentsEnergy major BP plans to drill around 100 wells as part of its Ghazeer project representing the second phase of its multibillion dollar investment in the development of the giant Khazzan gas field in Block 61 in central Oman. Work on the Ghazeer development, which is designed to boost natural gas output from Block 61 to 1.5 billion cubic...
October 17th, 2018 | 0 commentsConstruction works on the Dubai CommerCitywill commence next year, Construction Week reported citing Dubai Airport Freezone Authority’s (DAFZA) spokesperson Abdulaziz Al Hammadi. Dubai CommerCity is an AED 2.7-billion, 2.1-million square feet joint venture between DAFZA and wasl Asset Management Group, in the Umm Ramool area. It is the fi...
October 17th, 2018 | 0 commentsThe Roads and Transport Authority (RTA) on Tuesday has opened the first phase of Latifa bint Hamdan Street and Umm Al Sheef Street. The second phase of the road project is scheduled to be opened in the first quarter of 2019, Dubai's state-run utility said in a statement. The project’s total cost amounted to AED 800 million and links Jumei...
October 17th, 2018 | 0 commentsEmirates Integrated Telecommunications Co (du) has invested as much as AED 2 billion in infrastructure over the past 12 years, the company’s chief executive said. The company’s infrastructure investments amounted to about AED 1.3 billion in 2018, Osman Sultan told CNBC Arabia. He stressed that du, the UAE’s second telecom operator, has no...
October 17th, 2018 | 0 commentsAlba’s Line 6 Expansion Project (Line 6 Smelter and Power Expansion Project) is brimming with all kinds of activities as we progress towards achieving the First Hot Metal on 01 January 2019, said the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa during a meeting with Bechtel Group Inc.’s delegation held...
