Regional News

Oman Oil Company (OOC) and Kuwait Petroleum Corporation (KPC) have jointly laid the foundation stone for the $7-billion Duqm Refinery project in the sultanate, said a report. Duqm Refinery will produce diesel, jet fuel, naphtha, liquefied petroleum gas (LPG), sulphur and pet coke as its primary products, reported the Times of Oman.

Kuwait government is set to spend heavily on the country’s infrastructure including construction of residential developments worth KD916.6 million ($3.04 billion), new road projects and other key amenities, according to a Kuwait Times report. The cost of new housing projects last year had been KD911.

Kuwait is set to issue tenders for the expansion of a wastewater treatment plant in Umm Al Hayman and associated works related to the municipal solid waste treatment project in the country’s Kabad district, said a report.

Al Raid Group, a specialist developer of retail shopping malls and leisure destinations, is set to build The Al Araimi Walk, one of the largest shopping, entertainment and touristic destinations in Oman, at an investment of RO112 million ($290 million), said a report.

Al Sahel Resort Company is set to develop a new five-star property on the southwest coast of Bahrain, said a top official at the Gateway Gulf, a major investment event held in the capital Manama last month.

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, is progressing at full speed with the construction of its landmark Line 6 Expansion Project, according to Alba chairman Shaikh Daij bin Salman bin Daij Al Khalifa.

Bahrain-based property and facility management company Royal Ambassador has announced plans to develop an all-new outdoor lifestyle and entertainment destination ‘Juffair Square’ in the capital Manama.

Italian water heater maker Ariston Thermo opened its manufacturing plant in Bahrain last month, marking its first industrial operation in the Middle East and North Africa (Mena) region.

The construction sector in Oman is witnessing robust activities with the value of the total 2,410 active projects surging to over $190 billion in April, according to a recent study.

Tremco-illbruck is looking to spearhead growth by pushing ahead with innovation and identifying new opportunities, according to Mark Leigh, the company’s new Middle East sales director.

Pidilite Group, a leader in adhesives and construction chemicals in Asia, said one of its units, Pidilite MEA Chemicals Company, has joined forces with Stauf Klebstoffwerk, a leader in adhesive technology across Europe and North America, to launch its commercial flooring business in the GCC region.

His Majesty King Hamad bin Isa Al Khalifa last month officially inaugurated Northern Town, the biggest residential town in Bahrain, in the presence of HRH Prime Minister Prince Khalifa bin Salman Al Khalifa and HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier.

Premier Real Estate, a key subsidiary of Oman-based Al Yousef Group, has launched the first phase of Wardat Riyam,  its residential apartment project located at Mutrah Bay in capital Muscat. The project, which will come up over a 6,700-sq-m area adjacent to Riyam Park, is being developed in two phases, said Al Yousef Group.

Work on the Al Wakrah Stadium, a proposed venue for the 2022 Fifa World Cup tournament in Qatar, is progressing as per  schedule with installation of the final piece of the steel roof structure completed.

Qatar Petroleum has invited a group of leading international companies to submit proposals to develop and operate a new world-scale petrochemicals complex at Ras Laffan Industrial City. The petrochemicals complex will include an ethane cracker with a capacity of more than 1.

Al Dur 2 launch set for 2020 Bahrain’s Electricity and Water Authority (EWA) said Phase Two of the Al Dur 2 Independent Water and Power Project will start operations by early June in 2020.