AESG announces acquisition of Commtech Europe

Acquistion strengthens AESG’s service offerings in commissioning services . AESG, the specialist consultancy, engineering and built environment advisory firm with headquarters in...

Kuwait invites consultant proposals for 3,600MW power project

Bids to cover supplying, installing, operating and maintaining gas turbines in the first phase of Nuwaiseeb power and water project . Consultants...

TRSDC to award $267m worth of contracts a month till Q1 2022

Developer says main focus is on all the construction contracts related to the mono islands and inland resorts. The Red Sea Development...

Tabreed increases ownership of Al Maryah Island district cooling scheme to 100%

Firm began operations of the district cooling scheme for the Abu Dhabi project in 2014. An additional 50% stake has been acquired...

Majid Al Futtaim secures $1.5 billion Sustainability-Linked Loan

The SLL is the first and only "penalty-only" loan structure in the region, with clear targets for each year of the loan....

Knight Frank: KSA is a ‘country reborn’ as Vision 2030 ‘unleashes’ $1tn of real estate and infrastructure projects

Analysis reveals that $300bn of the total spend is dedicated to new infrastructure, including vast new passenger rail networks and a brand-new...

DSI reports net profit of $21.2m for H1 2021

Troubled contractor says optimisation helped it achieve a gross profit of $2.99m compared to $1.90m posted in 2020. Drake & Scull International...

Land Sterling announces acquisition of Aspect Project Management

Acquisition will make Land Sterling on the largest multi-discipline project and building consultancies in the region. Land Sterling, the region's market leader...

Oman’s Madayn assigns infrastructure works for Ibri Industrial City’s Phase One

$23.3 million worth package will cover an area of 3 million sqm and will have an implementation period of 18 months. The...

SPCC registers 15% fall in revenue for Q2 2021

Revenue impacted by a 10.9% y-o-y fall in cement volume, Al Rajhi Capital report says. Southern Province Cement Co (SPCC) has registered...

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