Press Releases
Egis to acquire Saudi’s Omrania
Egis Group, the leading international multidisciplinary engineering, consulting and operations firm announced today that it has entered into a definitive agreement to acquire Omrania, a …
Month: March 2023
Construction
Dubai awards $217.8m Al-Shindagha Corridor Improvement Project
In response to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE, Ruler of Dubai to complete …
Transport
Saudi Arabia announces “Riyadh Air” New National Carrier
His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (“PIF”), announced the establishment of “Riyadh …
AMAALA
Amaala partners with integrative wellness resort, Jayasom
Red Sea Global (RSG), the developer behind the world’s most ambitious regenerative tourism destinations, Amaala and The Red Sea, has announced a partnership with wellness …
Oil and Gas
HEISCO Kuwait signed $223.7m Contract for oil flow line Project
Heavy Engineering Industries and Shipbuilding Company (HEISCO), Kuwait announced in a statement that it has signed a contract for the tender issued by Kuwait Oil …
Construction
UAE’s Deyaar appoints the main contractor for construction works in Tria project
Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, has announced the appointment of the main contractor for the Tria …
Petrochemical
QatarEnergy and CPChem celebrate the ground breaking for $8.5bn Polymers Plant in Texas
QatarEnergy and Chevron Phillips Chemical Company (CPChem) marked the ground breaking of the Golden Triangle Polymers Plant in Orange County, in the U.S. State of …
Oil and Gas
Aramco breaks ground on $7bn Shaheen Petchemical Project in South Korea
Saudi Aramco announced in a statement that, Ground Breaking ceremony was held for Shaheen petrochemical project in Ulsan. South Korean President Yoon and Aramco President …
Finance
Japan’s JBIC to finance $103m for Saudi-Egypt interconnection project
The Japan Bank for International Cooperation announced in a statement that it has signed a loan agreement amounting to up to USD207 million, of which …
Construction
NEOM signs agreement with Marriott to open 3 luxury hotels on Sindalah island
Marriott International, Inc. announced it has signed an agreement with NEOM to open three properties on its luxury island destination Sindalah, situated in the Red …