• $998m Saudi combined cycle power plant starts operations


    Saudi Electricity Company (SEC) has begun operating a combined cycle power plant at Waad Al Shamal in the northern border region. The SR3.75-billion ($998 million) plant will boast 1,390 MW capacity, of which 50 MW will come from a solar component.

  • Kuwait's $3bn causeway project enters fast-track


    Kuwaiti authorities said work on the Subiya link of the $3-billion Sheikh Jaber Al Ahmad Al Sabah Causeway project was moving at a steady pace with the last component of its structure set to be installed by the end of this month, said a report.

  • Bahrain delivers another 690 homes to citizens


    Bahraini authorities have delivered 690 residential units from the Al Lawzi housing project to beneficiaries over the past week. This comes is in line with HRH Crown Prince's plan to distribute 5,000 units by the end of next month, said a report.

  • Fidu set to invest $1.36bn in UAE real estate by 2021


    Fidu Properties, a leading Chinese company in the UAE property market, has announced massive expansion plans in the region, with over Dh5 billion ($1.36 billion) worth of investments in the UAE alone over the next three years.

  • SNC-Lavalin seals KJO engineering services agreement


    SNC-Lavalin, a leading infrastructure company, said one of its units has signed a five-year deal to provide general engineering services to Al Khafji Joint Operations, a joint venture between Aramco Gulf Operations Company and Kuwait Gulf Oil.

  • MBR City, District One inks strategic deal with DIB


    Mohammed Bin Rashid Al Maktoum City, District One, a luxurious and elegant lifestyle community, has inked a strategic partnership with Dubai Islamic Bank offering customers an exceptional payment plan for its luxury apartments and villas.

  • Aramex sets up giant single-rooftop PV plant in Dubai


    Aramex, a major logistics and transportation solutions provider, has joined hands with IMG Solar, a subsidiary of Jordan-based Izzat Marji Group, to launch the region's largest single-rooftop solar photovoltaic (PV) plant project in Dubai.

  • Bahrain to showcase housing achievements at US event


    Bahrain’s strides in the housing sector and its strenuous efforts and dedicated plans to provide citizens with decent, secure and affordable housing will be highlighted at a major event which kicks off tomorrow (July 17) in New York.

  • Mulkia announces $2.7m dividends for REIT investors


    Saudi-based Mulkia Investment Company has announced distribution of dividends worth SR10.2 million ($2.7 million) to the shareholders of its real estate investment trust (REIT) fund, Mulkia Gulf Real Estate REIT, for the second quarter.

  • L&T wins Oman tourism project contract


    India's top engineering and construction firm Larsen & Toubro (L&T) said its construction unit has won ₹30 billion ($437 million) contracts in the buildings and factories business, including work for a tourism-related facility in Oman.

  • Dewa completes studies for Hatta power plant


    Dubai Electricity and Water Authority (Dewa) has completed the engineering studies related to the 250-MW hydroelectric power station in Hatta, which will use the water stored in the Hatta Dam.

  • ADFD's development support tops $23bn in 88 countries

    FUND MARKS 47th ANNIVERSARY
    Abu Dhabi Fund for Development said it has expended a total of Dh84 billion ($23 billion) to finance 550 projects in key sectors such as housing, water and renewable energy in 88 countries. The ADFD is celebrating its 47th anniversary this year.

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$998m Saudi combined cycle power plant starts operations

Saudi Electricity Company (SEC) has begun operating a combined cycle power plant at Waad Al Shamal in the northern border region. The SR3.75-billion ($998 million) plant will boast 1,390 MW capacity, of which 50 MW will come from a solar component....



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