Regional News

Materials washing specialist CDE Global recently marked the completion of installation of its latest sand washing plant in the Kuwait market.

Kuwait will soon start work on projects worth KD1.2 billion ($4 billion) including construction of new roads and bridges across the country. The Ministry of Finance and State Audit Bureau are expected to give the go-ahead for these infrastructure works including building of new 130-km-long roads, local newspapers reported.

A consortium of Saudi and UAE companies has expressed interest in setting up a giant industrial city in the Suez region of Egypt at an investment of $3 billion, said a report.

State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said it has secured $3.8 billion in project financing for its Liwa Plastics Industries Complex (LPIC), a Reuters report said.

Oman has awarded contracts for two independent water projects (IWPs) worth a total of $1.5 billion while prequalifying eight firms for three other such projects.

Chinese set to clinch Iran rail deal State-run China National Transportation Equipment & Engineering Company (CTC) is close to finalising an agreement on a $3-billion rail project to connect Tehran with the northeastern holy city of Mashhad, a Chinese source told Reuters.

Modern Abrasives Middle East has signed an agreement with one of the world’s largest abrasive suppliers that will further strengthen its foothold in the regional market.

Qatar aims to enact a law on public-private partnerships (PPPs) by the end of 2016, as part of efforts to boost its private sector and ease the strain on government finances caused by low oil prices, according to a Reuters report.

A large marina mall being developed in Lusail city, 23 km north of Doha, Qatar, is expected to cost 20 per cent less than the previous estimate of QR1 billion ($274 million).

Leading  architectural and engineering practice SSH has won a major contract from Tamouh National General Trading & Contracting for a new four-star hotel coming up in the governorate of Hawally in Kuwait.

The Middle East and Africa (MEA) hospitality market is witnessing solid growth with a total of 213,965 rooms  under construction in the region, said a report. Of the total, about 151,771 rooms are under contract in the Middle East, while the rest are in the African region.

A $600-million luxury integrated tourism complex (ITC) being developed by Omran, the tourism development and investment arm of Oman, is set to welcome its first residents early next year, said a report. Saraya Bandar Jissah, a mixed-use development coming up on a 2.

Muscat National Development & Investment Company (Asaas) plans to build a four-star hotel and urban park in Muscat, Oman, which will be managed by Hilton Worldwide under the Hilton Garden Inn brand.

Bahrain issued 95 tenders worth BD363 million ($956 million) last year to build hundreds of residential units in the kingdom as part of the government’s housing plan, said a report.

Work on the 1,200-km cross-border regional rail network in the Gulf is going as per schedule with the technical specifications and the legal framework likely to be completed by the end of the year, said a report.

Oman’S railway could take another four years before the first line is operational, Oman Rail chief commercial officer John Lesniewski was quoted as saying by local newspapers.

Oman’s Galfar Engineering has been awarded a RO115-million ($299.21 million) construction contract by Petroleum Development Oman (PDO), the sultanate’s oil and gas producer. The contracting company will build a new central processing facility at PDO’s Yibal Khuff project southwest of Muscat.