Regional News

Qatar has slashed its original budget for hosting the 2022 soccer World Cup by between 40 per cent and 50 per cent, a top official was quoted as saying by CNNMoney.

Leminar Air Conditioning Company, a leading distributor and service provider of HVAC (heating, ventilation and air-conditioning) and plumbing products in the GCC, has signed an exclusive agreement with Kuwait Insulating Material Manufacturing Company (Kimmco) for the distribution of Climaver, its lightweight pre-insulated ductwork system.

Qatar’s Al Asmakh Real Estate and Paramount Hotels and Resorts have teamed up to build the country’s first Hollywood-inspired residential tower at The Pearl-Qatar, said a top official.

Mayer and Co Beschlage (Maco), an Austrian manufacturer of door and window hardware that recently started operations in Dubai, UAE, is promoting its burglar-resistant hardware and security components that make it a pioneer in security.

Qatar General Electricity and Water Corporation (Kahramaa) has awarded contracts worth QR8.3 billion ($2.27 billion) in line with its plan to strengthen infrastructure in the country’s power sector, said a report.

Qatar University (QU) will carry out infrastructure works and build other facilities worth QR5 billion ($1.37 billion) over the next 10 years, a report said. About QR500 million ($137.31 million) will be spent every year, a senior official was quoted as saying in The Peninsula Qatar report.

Oman’s Ministry of Tourism has signed a strategic agreement with Amouage Hotels & Resorts to develop Naseem A’Sabah, a premium waterfront development within an integrated mixed-use community.

Dilmunia to build $137m mall Bahrain-based Dilmunia Mall Development Company has launched work on a unique family-centric mall concept over a 26,754-sq-m area in the heart of Dilmunia Island, within the Muharraq Governorate, at an estimated cost of BD52 million ($137 million).

Feasibility studies for the new $4-billion King Hamad Causeway, linking Bahrain and Saudi Arabia, have already been completed. The funding will be secured from the private sector, Bahrain’s Transportation and Telecommunication Minister Kamal Ahmed said.

Mueller Middle East has begun construction in Bahrain on the region’s first copper tube manufacturing facility which is set to open next year.

Construction of Al Bayt Stadium – Al Khor City is in full swing with 40 per cent of structural work on the proposed host venue for the 2022 Fifa World Cup Qatar now completed, said a top official.

Siemens, a global technology powerhouse, has won a major order to deliver an industrial steam turbine package for expansion of the Az Zour South Three open-cycle gas turbine power plant to a combined cycle power plant. The plant, located in Kuwait, is being operated by the Ministry of Electricity and Water (MEW).

Oman’s Ministry of Tourism is set to sign an agreement with Palm’s Beach Company to develop the RO265-million ($688.22 million) Al Nakheel Integrated Tourism Complex (ITC) in South Al Batinah. The project, overlooking the Sea of Oman, in Barka, will stretch over 500,000 sq m.

Integrated Logistics Company has placed an order with Terex Cranes for 12 new Demag cranes. The list includes two AC 130-5, four AC 160-5, and six AC 300-6 all-terrain cranes, said Terex, which added that Integrated Logistics Company plans to put the cranes to work at several oil refineries throughout the Gulf region.

A consortium of South Korean construction firms will build a $4 billion eco-friendly residential city in Kuwait.

Manitowoc, a premier provider of crawler, tower and mobile cranes, said it has successfully delivered two Grove all-terrain cranes to Egypt-based Suez Shipyard Company. The new units – Grove GMK5130-2 and a GMK4080-1 – were supplied through Orascom Trading, the Manitowoc dealer for Egypt.