Regional News

A new integrated environment – designed to promote the growth of the insurance sector – will be created as part of the $1.3 billion Bahrain Financial Harbour, which is taking shape on reclaimed land in the heart of Manama.

The Oasis Spa Resort – the first phase of the planned $600 million Al Areen Desert Spa and Resort in Bahrain – will be completed by 2005, its promoters said recently.

Kirby Building Systems has launched several new initiatives to further automate its engineering and manufacturing systems and add new products to complement its existing line.

Saudi-based paint manufacturer Sigma Paints has signed a distribution agreement with the Bahrain-based construction and trading organisation AA Nass Group. According to a spokesman for the company, the deal will cover the promotion and distribution of protective and marine coatings throughout Bahrain.

New terminal for Cairo airportCairo: Lebanon’s Dar Al Handasah (Shair and Partners) on behalf of Civil Aviation Ministry/Cairo Airport Company has received tenders for the $400 million construction of terminal 3 in Cairo International airport from 12 prequalified bidders.

Alba’s Line 5 project recently celebrated the installation of the first steel works for the new gas turbine building of Power Station 4 (PS4).

Egyptian Fertiliser Company (EFC) and Alexandria Fertiliser Company (AlexFert) have awarded two turnkey contracts worth $650 million for the construction of a new fertiliser plant in Ain Sokhna near Suez and Abu Quir to Uhde of Germany. Both are due to start production in 2006.