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Middle East and North Africa

Dubai's builder Nakheel gets $4.6 billion funding for new waterfront projects.

Dubai state developer Nakheel has secured 17 billion dirhams ($4.63 billion) in financing as the group behind the palm-shaped islands accelerates plans for new waterfront projects including Dubai Islands amid a red... Full Story

L&T bags transmission orders from Saudi Arabia.

The Power Transmission & Distribution business of Larsen & Toubro has secured multiple EPC orders in the current quarter to... Full Story

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Essar to invest $4 bn in steel plant in Saudi Arabia in 3 years: Official.

The Essar Group is looking to invest USD 4 billion in setting up an integrated flat steelworks plant in Saudi Arabia in the next... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Abu Dhabi to build electric vehicle facility in its KIZAD industrial zone.
Abu Dhabi will build an electric vehicle assembly facility that will manufacture thousands of cars a year from its industrial zone, and has brought in smart electric... Full Story
Ashok Leyland bags mega order for 1,400 school buses in UAE.
Ashok Leyland, the flagship brand of the Hinduja Group, announced bagging orders from major fleets for 1,400 school buses in the UAE, the company’s largest... Full Story
Bechtel hired to lay foundations for Saudi Arabia’s $500bn city of the future.
The city, a pet project of Saudi crown prince Mohammed bin Salman, is being billed as a $500bn programme to build “a living laboratory and... Full Story
Shapoorji Pallonji subsidiary announces successful commissioning of Oman solar PV development.
Sterling and Wilson Solar, a unit of the Indian construction group Shapoorji Pallonji, and one of the largest solar EPC solutions providers in the world,... Full Story
Saint-Gobain wins $268.7mn Qatar contract.
French building materials company Saint Gobain PAM has announced that it has won a pair of supply deals worth €200mn ($268.7mn) from Qatari contractor Al... Full Story
Saudi Services for Electro-Mechanic Works Co bags 2 utility deals
Saudi Services for Electro-Mechanic Works Company has won two contracts worth $124.8mn (SAR 467.9mn) from the Royal Commission for Jubail and Yanbu (RCJY) for utility... Full Story
Emirates Extrusion to invest Dh13m to expand its Dubai plant.
Emirates Extrusion Factory [EEF], an aluminium extrusion company in the UAE and a subsidiary of Masharie LLC - the private equity arm of Dubai... Full Story
Oman to spend $78bn.
The Gulf state of Oman is expected to channel nearly RO 30bn (USD 78bn) into its projects to upgrade its infrastructure during its current five-year... Full Story